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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 2 of 2  ·  30 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 HSY HERSHEY CO Consumer Defensive 1,007.0 $209K 0.02% NEW $207.89 -4.8%
22 HII HUNTINGTON INGALLS INDS INC Industrials 540.0 $205K 0.02% NEW $379.90 -16.4%
23 T AT&T INC Communication Services 6,939.0 $201K 0.02% NEW $28.99 -14.1%
24 PUT REVOLUTION MEDICINES INC 27,300.0 $195K 0.02% NEW $7.15
25 PUT MAPLEBEAR INC 32,000.0 $70K 0.01% NEW $2.20
26 PUT ROBINHOOD MKTS INC 14,500.0 $51K 0.00% NEW $3.50
27 PUT COINBASE GLOBAL INC 120,700.0 $35K 0.00% NEW $0.29
28 PUT NU HLDGS LTD 1,367,500.0 $14K 0.00% NEW $0.01
29 PUT DIGITALOCEAN HLDGS INC 15,400.0 $4K NEW $0.25
30 PUT STATE STR SPDR S&P 500 ETF T 700.0 $581.0 NEW $0.83
Page 2 of 2  ·  30 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%