a16z Perennial Management, L.P. logo

a16z Perennial Management, L.P. Portfolio Analytics

Investment Analysis & Holdings Breakdown

Comprehensive portfolio analytics for a16z Perennial Management, L.P. with $616.9M in long positions as of Q3 2025, 38% allocated to Financial Services, and 85% concentrated in top 10 positions.

Portfolio Value
$616.9M
Top 10 Concentration
85%
Top Sector
Financial Services (38%)
US Exposure
63%
Market Cap Focus
Large Cap
Countries
6

Composition Analysis

Portfolio breakdown by sector, industry, and market capitalization

Sector Allocation

Financial Services: 38.30%Financial ServicesTechnology: 34.40%TechnologyETF: 14.60%ETFCommunication Services: 6.30%Consumer Cyclical: 1.80%Healthcare: 0.80%Industrials: 0.60%Consumer Defensive: 0.50%Energy: 0.30%Utilities: 0.20%Real Estate: 0.10%Basic Materials: 0.10%
Financial Services
38.30%
Technology
34.40%
ETF
14.60%
Communication Services
6.30%
Consumer Cyclical
1.80%
Healthcare
0.80%
Industrials
0.60%
Consumer Defensive
0.50%
Energy
0.30%
Utilities
0.20%
Real Estate
0.10%
Basic Materials
0.10%

Industry Breakdown

48 industries across all sectors

Banks - Diversified: 37.09%Banks - DiversifiedSoftware - Infrastructure: 25.41%Software - InfrastructureETF: 14.57%ETFInternet Content & Information: 5.88%Semiconductors: 5.11%Electronic Gaming & Multimedia: 2.55%42 more: 7.29%
Banks - Diversified
Financial Services
37.09%
Software - Infrastructure
Technology
25.41%
ETF
ETF
14.57%
Internet Content & Information
Communication Services
5.88%
Semiconductors
Technology
5.11%
Electronic Gaming & Multimedia
Technology
2.55%
Specialty Retail
Consumer Cyclical
1.11%
Consumer Electronics
Technology
0.79%
Drug Manufacturers - General
Healthcare
0.51%
Insurance - Diversified
Financial Services
0.42%
Aerospace & Defense
Industrials
0.33%
Auto - Manufacturers
Consumer Cyclical
0.32%

Filter by Sector

Select a sector to filter industries

Market Cap Distribution

Mega Cap (> $200B): 16.72%Mega Cap (> $200B)Large Cap ($10B - $200B): 66.26%Large Cap ($10B - $200B)Mid Cap ($2B - $10B): 0.18%Small Cap ($300M - $2B): 0.10%Micro Cap ($50M - $300M): 0.01%Nano Cap (< $50M): 0.06%N/A (ETF or Unknown): 16.66%N/A (ETF or Unknown)
Mega Cap (> $200B)
16.72%
Large Cap ($10B - $200B)
66.26%
Mid Cap ($2B - $10B)
0.18%
Small Cap ($300M - $2B)
0.10%
Micro Cap ($50M - $300M)
0.01%
Nano Cap (< $50M)
0.06%
N/A (ETF or Unknown)
16.66%

Portfolio Concentration

Top 10 Holdings %
85.04%
Top 20 Holdings %
92.29%
Top 50 Holdings %
96.36%
Top 100 Holdings %
99.14%

Geographic Exposure

Portfolio breakdown by country of incorporation

Domestic (US)
62.93%
International
37.07%
Countries
6
Largest Int'l Market
Brazil - 36.68%
United States of America
62.93% ($388.2M)
121 holdings
Brazil
36.68% ($226.3M)
1 holdings
Ireland
0.24% ($1.5M)
3 holdings
Singapore
0.09% ($568.2K)
1 holdings
Switzerland
0.04% ($231.6K)
1 holdings
Israel
0.01% ($80.2K)
1 holdings

Holding Behavior

Investment patterns and position management analysis

Portfolio Stability & Commitment

Avg. Top 10
3 quarters
Avg. Top 20
3.7 quarters
Avg. All Positions
1.2 quarters
Median Holding Period
0 quarters
Persistence Rate
17.19%
Persistent Holdings Weight
68.48%
Persistent Positions
22
Longest Held
Affirm Holdings, Inc. Class A Common Stock logo
Affirm Holdings, Inc. Class A Common StockAFRM - 7 quarters

Position Sizing & Influence

Current Quarter

Avg. New Position
0.16%
Avg. Position Weight
0.78%
Largest Position
Nu Holdings Ltd. logo
Nu Holdings Ltd.NU - 36.68%
Largest Ownership Stake
Okta, Inc. Class A Common Stock logo
Okta, Inc. Class A Common StockOKTA - 0.34%
Avg. Ownership Stake
0.17%
Ownership Stake >5%
0
Ownership Stake >1%
0

Historical (Since Q4 2023)

Avg. New Position
0.93%
Avg. Ownership Stake
0.42%
Largest Position
Coinbase Global, Inc. Class A Common Stock logo
Coinbase Global, Inc. Class A Common StockCOIN - 58.21% (Q1 2024)
Largest Ownership Stake
Coinbase Global, Inc. Class A Common Stock logo
Coinbase Global, Inc. Class A Common StockCOIN - 0.78% (Q1 2024)

Portfolio Turnover

Current Quarter

Turnover Ratio
74.7%
Value Traded
$460.84M
Positions Added
102
Positions Exited
19

Historical (Since Q4 2023)

Avg. Turnover Ratio
32.4%
Avg. Positions Added
20
Avg. Positions Exited
6
Highest Turnover
74.7%
Q3 2025
Lowest Turnover
4.5%
Q2 2025

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