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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 7 of 8  ·  152 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 AIG AMERICAN INTL GROUP INC Financial Services 3,124.0 $235K 0.02% $75.25 +7.0%
122 LRCX LAM RESEARCH CORP Technology 1,100.0 $235K 0.02% -190.0 -14.7% $213.66 +46.6%
123 PEP PEPSICO INC Consumer Defensive 1,498.0 $233K 0.02% $155.29 -11.7%
124 SLB SLB LIMITED Energy 4,478.0 $230K 0.02% NEW $51.39 -8.6%
125 LOW LOWES COS INC Consumer Cyclical 973.0 $230K 0.02% $236.28 -11.7%
126 NEE NEXTERA ENERGY INC Utilities 2,460.0 $228K 0.02% NEW $92.88 -4.4%
127 FE FIRSTENERGY CORP Utilities 4,496.0 $228K 0.02% $50.66 -4.2%
128 CBOE CBOE GLOBAL MKTS INC Financial Services 803.0 $226K 0.02% $281.07 -2.7%
129 TMUS T-MOBILE US INC Communication Services 1,054.0 $221K 0.02% $210.03 -8.4%
130 BTI BRITISH AMERN TOB PLC Consumer Defensive 3,786.0 $221K 0.02% $58.47 +7.5%
131 UBS UBS GROUP AG Financial Services 5,648.0 $221K 0.02% -511.0 -8.3% $39.07 +35.0%
132 UNILEVER PLC 3,790.0 $216K 0.02% $56.97
133 AMT AMERICAN TOWER CORP Real Estate 1,237.0 $213K 0.02% $172.58 -1.5%
134 E ENI SPA Energy 3,701.0 $210K 0.02% NEW $56.61 -12.1%
135 SPG SIMON PPTY GROUP INC NEW Real Estate 1,123.0 $209K 0.02% $186.53 +22.6%
136 HSY HERSHEY CO Consumer Defensive 1,007.0 $209K 0.02% NEW $207.89 -17.5%
137 EXPD EXPEDITORS INTL WASH INC Industrials 1,458.0 $209K 0.02% $143.23 +27.6%
138 HII HUNTINGTON INGALLS INDS INC Industrials 540.0 $205K 0.02% NEW $379.90 -29.2%
139 CDNS CADENCE DESIGN SYSTEM INC Technology 730.0 $203K 0.02% $277.87 +18.8%
140 STLD STEEL DYNAMICS INC Basic Materials 1,126.0 $203K 0.02% -107.0 -8.7% $180.00 +30.8%
Page 7 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%