AI Portfolio Summary
In 2025 Q4, a16z Perennial Management, L.P. maintained a portfolio of 170 distinct positions. The most significant new addition to the portfolio was COINBASE GLOBAL INC, which now represents 24.82% of the total fund value. The fund also reduced its exposure to ISHARES TR by 89.1%.
Total Positions
170
Quarter
2025 Q4
Top Holding
COIN (24.8%)
Top 10 Concentration
74.5%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 170
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
COIN
COINBASE GLOBAL...
|
Financial Services | 24.82% | — |
#1
Prev: #—
|
9.5 | 1,461,157 | no change |
NEW
|
1,461,157 | $330,426,044 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NU
NU HLDGS LTD
|
Financial Services | 17.29% | 17.31% |
#2
Prev: #2
|
6.0 | -386,700 | -2.7% |
P
S
|
13,748,400 | $230,148,216 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
XHLF
BONDBLOXX ETF T...
|
ETF | 5.25% | 5.37% |
#3
1
Prev: #4
|
4.1 | no change | no change |
P
S
|
1,392,000 | $69,948,000 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HOOD
ROBINHOOD MKTS ...
|
Financial Services | 5.05% | 6.78% |
#4
1
Prev: #3
|
3.0 | -24,445 | -3.9% |
P
S
|
594,422 | $67,229,128 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IOT
SAMSARA INC
|
Technology | 4.43% | — |
#5
Prev: #—
|
5.8 | 1,662,155 | no change |
NEW
|
1,662,155 | $58,923,395 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VTI
VANGUARD INDEX ...
|
ETF | 4.11% | — |
#6
Prev: #—
|
5.1 | 105,141 | no change |
NEW
|
105,141 | $54,770,804 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AVGO
BROADCOM INC
|
Technology | 3.76% | 1.62% |
#7
3
Prev: #10
|
4.5 | 80,401 | 125.5% |
P
S
|
144,449 | $49,993,799 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IEUR
ISHARES TR
|
ETF | 3.56% | — |
#8
Prev: #—
|
4.9 | 853,180 | no change |
NEW
|
853,180 | $47,423,309 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ABNB
AIRBNB INC
|
Consumer Cyclical | 3.26% | — |
#9
Prev: #—
|
4.8 | 319,868 | no change |
NEW
|
319,868 | $43,412,485 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
META
META PLATFORMS ...
|
Communication Services | 2.97% | 1.93% |
#10
1
Prev: #9
|
4.2 | 25,622 | 74.7% |
P
S
|
59,902 | $39,540,711 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
OKTA
OKTA INC
|
Technology | 2.44% | 4.20% |
#11
5
Prev: #6
|
1.0 | -221,897 | -37.1% |
P
S
|
376,210 | $32,530,879 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IVV
ISHARES TR
|
ETF | 2.33% | 1.14% |
#12
1
Prev: #13
|
0.9 | -368,962 | -89.1% |
P
S
|
45,250 | $30,993,535 | 2025 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
COIN
PUT
COINBASE GLOBAL...
|
PUT Option | 2.12% | — |
#13
Prev: #—
|
4.3 | 125,000 | no change |
NEW
|
125,000 | $28,267,500 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
VEA
VANGUARD TAX-MA...
|
ETF | 1.77% | 0.22% |
#14
13
Prev: #27
|
3.7 | 328,756 | 673.1% |
P
S
|
377,596 | $23,588,422 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
IOT
PUT
SAMSARA INC
|
PUT Option | 1.64% | — |
#15
Prev: #—
|
4.2 | 615,500 | no change |
NEW
|
615,500 | $21,819,475 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RVMD
REVOLUTION MEDI...
|
Healthcare | 1.09% | — |
#16
Prev: #—
|
3.9 | 182,918 | no change |
NEW
|
182,918 | $14,569,419 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
JAAA
JANUS DETROIT S...
|
ETF | 0.90% | — |
#17
Prev: #—
|
3.9 | 237,049 | no change |
NEW
|
237,049 | $11,989,930 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
RBLX
ROBLOX CORP
|
Communication Services | 0.69% | 1.20% |
#18
6
Prev: #12
|
0.8 | 15 | 0.0% |
P
S
|
113,547 | $9,200,713 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GOOG
ALPHABET INC
|
Communication Services | 0.65% | 0.52% |
#19
Prev: #19
|
0.8 | -403 | -1.4% |
P
S
|
27,455 | $8,603,557 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ABNB
PUT
AIRBNB INC
|
PUT Option | 0.61% | — |
#20
Prev: #—
|
3.7 | 60,100 | no change |
NEW
|
60,100 | $8,156,772 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
EWJ
ISHARES INC
|
ETF | 0.60% | 0.60% |
#21
6
Prev: #15
|
1.2 | no change | no change |
P
S
|
118,984 | $7,998,104 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BAR
GRANITESHARES G...
|
Bond/Debt | 0.58% | 0.53% |
#22
4
Prev: #18
|
1.2 | no change | no change |
P
S
|
181,946 | $7,730,886 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DIS
DISNEY WALT CO
|
Communication Services | 0.58% | — |
#23
Prev: #—
|
3.7 | 67,804 | no change |
NEW
|
67,804 | $7,714,061 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AFRM
AFFIRM HLDGS IN...
|
Financial Services | 0.58% | 0.07% |
#24
17
Prev: #41
|
3.2 | 89,960 | 678.4% |
P
S
|
103,220 | $7,682,665 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NVDA
NVIDIA CORPORAT...
|
Technology | 0.55% | 0.59% |
#25
9
Prev: #16
|
0.7 | -1,806 | -4.4% |
P
S
|
39,429 | $7,353,508 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DOCN
DIGITALOCEAN HL...
|
Technology | 0.51% | — |
#26
Prev: #—
|
3.7 | 141,352 | no change |
NEW
|
141,352 | $6,801,858 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AAPL
APPLE INC
|
Technology | 0.51% | 0.37% |
#27
3
Prev: #24
|
2.7 | 5,834 | 30.6% |
P
S
|
24,920 | $6,774,751 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DOCN
PUT
DIGITALOCEAN HL...
|
PUT Option | 0.50% | — |
#28
Prev: #—
|
3.7 | 138,200 | no change |
NEW
|
138,200 | $6,650,184 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PINS
PINTEREST INC
|
Communication Services | 0.48% | — |
#29
Prev: #—
|
3.7 | 248,473 | no change |
NEW
|
248,473 | $6,432,966 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
AMZN
AMAZON COM INC
|
Consumer Cyclical | 0.42% | 0.48% |
#30
9
Prev: #21
|
0.7 | -4,255 | -15.0% |
P
S
|
24,069 | $5,555,607 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
MSFT
MICROSOFT CORP
|
Technology | 0.41% | 0.47% |
#31
9
Prev: #22
|
0.7 | -827 | -6.9% |
P
S
|
11,151 | $5,392,847 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DASH
DOORDASH INC
|
Consumer Cyclical | 0.23% | 0.31% |
#32
7
Prev: #25
|
0.6 | -1,253 | -8.3% |
P
S
|
13,796 | $3,124,518 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BRK/B
BERKSHIRE HATHA...
|
Financial Services | 0.23% | 0.18% |
#33
4
Prev: #29
|
0.6 | 29 | 0.6% |
P
S
|
4,624 | $3,078,551 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CRWD
CROWDSTRIKE HLD...
|
Technology | 0.20% | 0.20% |
#34
6
Prev: #28
|
0.6 | 90 | 1.6% |
P
S
|
5,547 | $2,600,212 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HOOD
PUT
ROBINHOOD MKTS ...
|
PUT Option | 0.19% | 0.47% |
#35
12
Prev: #23
|
0.1 | -20,400 | -48.0% |
P
S
|
22,100 | $2,499,510 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
OMDA
OMADA HEALTH IN...
|
Healthcare | 0.19% | — |
#36
Prev: #—
|
3.6 | 157,132 | no change |
NEW
|
157,132 | $2,479,543 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
BITB
BITWISE BITCOIN...
|
Bond/Debt | 0.18% | 0.08% |
#37
3
Prev: #40
|
3.1 | 34,541 | 216.4% |
P
S
|
50,502 | $2,401,875 | 2024 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CART
MAPLEBEAR INC
|
Consumer Cyclical | 0.16% | 0.03% |
#38
43
Prev: #81
|
3.1 | 36,789 | 366.0% |
P
S
|
46,840 | $2,106,863 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
TSLA
TESLA INC
|
Consumer Cyclical | 0.15% | 0.13% |
#39
8
Prev: #31
|
2.1 | 437 | 11.3% |
P
S
|
4,315 | $1,940,542 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
CART
PUT
MAPLEBEAR INC
|
PUT Option | 0.13% | — |
#40
Prev: #—
|
3.6 | 37,600 | no change |
NEW
|
37,600 | $1,691,248 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
PLTR
PALANTIR TECHNO...
|
Technology | 0.12% | 0.11% |
#41
8
Prev: #33
|
2.0 | 1,235 | 15.6% |
P
S
|
9,156 | $1,627,479 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
OKTA
PUT
OKTA INC
|
PUT Option | 0.11% | — |
#42
Prev: #—
|
3.5 | 17,700 | no change |
NEW
|
17,700 | $1,530,519 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NFLX
NETFLIX INC
|
ETF | 0.11% | 0.13% |
#43
13
Prev: #30
|
3.0 | 14,356 | 980.6% |
P
S
|
15,820 | $1,483,283 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
LLY
ELI LILLY &CO
|
Healthcare | 0.11% | 0.07% |
#44
2
Prev: #42
|
2.0 | 176 | 14.7% |
P
S
|
1,377 | $1,479,834 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WVE
WAVE LIFE SCIEN...
|
Healthcare | 0.10% | 0.04% |
#45
13
Prev: #58
|
1.0 | no change | no change |
P
S
|
77,619 | $1,319,523 | 2023 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GE
GE AEROSPACE
|
Industrials | 0.10% | 0.09% |
#46
12
Prev: #34
|
2.0 | 303 | 7.7% |
P
S
|
4,236 | $1,304,815 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
WMT
WALMART INC
|
Consumer Defensive | 0.09% | 0.09% |
#47
10
Prev: #37
|
0.5 | 472 | 4.4% |
P
S
|
11,302 | $1,259,156 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
JPM
JPMORGAN CHASE ...
|
Financial Services | 0.09% | 0.09% |
#48
13
Prev: #35
|
0.5 | 85 | 2.3% |
P
S
|
3,789 | $1,220,892 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GS
GOLDMAN SACHS G...
|
Financial Services | 0.09% | 0.08% |
#49
10
Prev: #39
|
2.0 | 88 | 6.9% |
P
S
|
1,364 | $1,198,956 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DFAC
DIMENSIONAL ETF...
|
ETF | 0.08% | 0.08% |
#50
12
Prev: #38
|
1.0 | no change | no change |
P
S
|
26,550 | $1,051,114 | 2025 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-50 of 170 holdings