a16z Perennial Management, L.P.
Q3 2025 13F-HR Holdings
Net value change ($000)
+1,529
(0.1%)
New positions
111
Sold out positions
23
Turnover %
128.5%
Sector allocation + QoQ delta (equities-only)
Snapshot: Change Analysis
Compared to Q2 2025
Methodology:
sector metrics are equities-only;
instrument mix chart is ex-options;
options exposure is shown separately.
Why this matters.
Top Adds (Value $000, Stocks/ETFs)
| COINBASE GLOBAL INC | 493,356 | NEW |
| HOOD | 88,609 | NEW |
| SAMSARA INC | 68,476 | NEW |
| AIRBNB INC | 42,210 | NEW |
| AVGO | 21,130 | NEW |
| META | 20,603 | 450.6% |
| DIGITALOCEAN HLDGS INC | 18,049 | NEW |
| NU | 12,474 | 5.8% |
| PINTEREST INC | 7,981 | NEW |
| EWJ | 7,843 | NEW |
Top Reduces (Value $000, Stocks/ETFs)
| COIN | -536,373 | -100.0% |
| ABNB | -68,434 | -100.0% |
| ROBINHOOD MKTS INC | -60,476 | -100.0% |
| SAMSARA INC | -60,339 | -100.0% |
| USHY | -23,160 | -100.0% |
| VTEB | -21,362 | -100.0% |
| IVV | -20,284 | -98.7% |
| DIGITALOCEAN HLDGS INC | -17,740 | -100.0% |
| VTI | -5,215 | -100.0% |
| AFRM | -5,013 | -83.8% |
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000):
45,174
(3.5% of total reported value)
How this table is calculated:
SEC
VALUE ($000) is used as reported.
For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received.
Column % is bucket-based:
non-options share is calculated inside non-option total, options share is calculated inside options total.
Details.
Filter:
Instrument:
| Issuer Name | Ticker | Sector | Industry | Class | History | Value ($000) | % | Shares | Shares Δ | Shares Δ% | Value Δ ($000) | Value Δ% | Principal | Option Type |
|---|