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Portfolio (Quarterly) Guide ↗

a16z Perennial Management, L.P.

· CIK 0002009275
13F Portfolio $1.2B AUM 152 positions Filed May 12, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 30 New 8 Added 37 Reduced 28 Exited
Page 5 of 8  ·  152 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 HD HOME DEPOT INC Consumer Cyclical 1,287.0 $423K 0.04% $328.89 -3.4%
82 PM PHILIP MORRIS INTL INC Consumer Defensive 2,546.0 $421K 0.04% $165.34 +10.1%
83 BK BANK NEW YORK MELLON CORP Financial Services 3,547.0 $421K 0.04% $118.63 +18.0%
84 HLT HILTON WORLDWIDE HLDGS INC Consumer Cyclical 1,356.0 $412K 0.03% $304.08 +10.8%
85 NVS NOVARTIS AG Healthcare 2,618.0 $400K 0.03% $152.75 -1.1%
86 CRM SALESFORCE INC Technology 2,117.0 $395K 0.03% $186.67 -4.9%
87 AZN ASTRAZENECA PLC Healthcare 1,993.0 $393K 0.03% NEW $197.22 -5.9%
88 SANDISK CORP 590.0 $375K 0.03% NEW $635.34
89 ANET ARISTA NETWORKS INC Technology 3,024.0 $371K 0.03% -252.0 -7.7% $122.78 +25.7%
90 MA MASTERCARD INCORPORATED Financial Services 724.0 $362K 0.03% $499.66 -0.9%
91 MUFG MITSUBISHI UFJ FINANCIAL GRO Financial Services 21,108.0 $358K 0.03% $16.97 +11.8%
92 GM GENERAL MTRS CO Consumer Cyclical 4,636.0 $345K 0.03% $74.50 +12.9%
93 ETHW BITWISE ETHEREUM ETF Financial Services 22,197.0 $333K 0.03% $15.00 -2.0%
94 COP CONOCOPHILLIPS Energy 2,505.0 $331K 0.03% $132.00 -12.8%
95 PSX PHILLIPS 66 Energy 1,815.0 $331K 0.03% $182.18 -4.1%
96 PWR QUANTA SVCS INC Industrials 584.0 $321K 0.03% -53.0 -8.3% $549.02 +33.6%
97 CMCSA COMCAST CORP NEW Communication Services 10,959.0 $315K 0.03% $28.71 -12.2%
98 HWM HOWMET AEROSPACE INC Industrials 1,321.0 $304K 0.03% $230.46 +12.0%
99 NOC NORTHROP GRUMMAN CORP Industrials 440.0 $300K 0.03% $682.24 -19.2%
100 TJX TJX COS INC NEW Consumer Cyclical 1,852.0 $296K 0.03% $159.70 -1.7%
Page 5 of 8  ·  152 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 55.4%
Technology 31.1%
Communication Services 5.1%
Consumer Cyclical 5.0%
Healthcare 1.8%
Industrials 0.5%
Consumer Defensive 0.4%
Energy 0.4%
Utilities 0.2%
Real Estate 0.0%