A16z Perennial Management, L.P. 13F annual report

A16z Perennial Management, L.P. is an investment fund managing more than $1.07 trillion ran by Michel Buono. There are currently 40 companies in Mr. Buono’s portfolio. The largest investments include Coinbase Global Inc and Nu Hldgs Ltd, together worth $698 billion.

Limited to 30 biggest holdings

$1.07 trillion Assets Under Management (AUM)

As of 3rd May 2024, A16z Perennial Management, L.P.’s top holding is 1,893,137 shares of Coinbase Global Inc currently worth over $502 billion and making up 46.9% of the portfolio value. In addition, the fund holds 16,409,100 shares of Nu Hldgs Ltd worth $196 billion. The third-largest holding is Airbnb worth $119 billion and the next is BondBloxx ETF Trust worth $92.8 billion, with 1,843,847 shares owned.

Currently, A16z Perennial Management, L.P.'s portfolio is worth at least $1.07 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at A16z Perennial Management, L.P.

The A16z Perennial Management, L.P. office and employees reside in Menlo Park, California. According to the last 13-F report filed with the SEC, Michel Buono serves as the Chief Investment Officer at A16z Perennial Management, L.P..

Recent trades

In the most recent 13F filing, A16z Perennial Management, L.P. revealed that it had opened a new position in Nu Hldgs Ltd and bought 16,409,100 shares worth $196 billion.

The investment fund also strengthened its position in Coinbase Global Inc by buying 1,044,207 additional shares. This makes their stake in Coinbase Global Inc total 1,893,137 shares worth $502 billion.

On the other hand, there are companies that A16z Perennial Management, L.P. is getting rid of from its portfolio. A16z Perennial Management, L.P. closed its position in Nu Hldgs Ltd on 10th May 2024. It sold the previously owned 5,851,463 shares for $48.7 billion. Michel Buono also disclosed a decreased stake in Airbnb by 0.2%. This leaves the value of the investment at $119 billion and 724,241 shares.

One of the largest hedge funds

The two most similar investment funds to A16z Perennial Management, L.P. are Cyndeo Wealth Partners and Y-intercept (hong Kong) Ltd. They manage $1.07 trillion and $1.07 trillion respectively.


Michel Buono investment strategy

A16z Perennial Management, L.P.’s portfolio is diversified across 8 sectors. Currently, their heaviest sector is Communication Services — making up 12.3% of the total portfolio value. The fund focuses on investments in the United States as 70.0% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 40% of the total holdings value. On the other hand, small-cap stocks make up only 5.0% of the portfolio. The average market cap of the portfolio companies is close to $166 billion.

The complete list of A16z Perennial Management, L.P. trades based on 13F SEC filings

These positions were updated on May 10th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Coinbase Global Inc
123.00%
1,893,137
$501,908,481,000 46.90%
Nu Hldgs Ltd
Opened
16,409,100
$195,760,563,000 18.29%
Airbnb, Inc.
21.01%
724,241
$119,470,795,000 11.16%
BondBloxx ETF Trust
14.10%
1,843,847
$92,763,943,000 8.67%
Okta Inc
No change
597,873
$62,549,473,000 5.84%
Nu Hldgs Ltd
Closed
5,851,463
$48,742,687,000
Ishares Tr
3.01%
221,667
$23,851,369,000 2.23%
Vanguard Mun Bd Fds
No change
435,683
$22,045,560,000 2.06%
Roblox Corporation
0.99%
320,924
$12,252,878,000 1.14%
Microsoft Corporation
48.70%
20,012
$8,419,449,000 0.79%
Affirm Holdings, Inc.
754.38%
192,535
$7,173,854,000 0.67%
Salesforce Inc
68.04%
13,528
$4,074,363,000 0.38%
Meta Platforms Inc
Closed
10,152
$3,593,402,000
Pinterest Inc
No change
98,473
$3,414,059,000 0.32%
DigitalOcean Holdings, Inc.
No change
85,580
$3,267,444,000 0.31%
Meta Platforms Inc
Opened
6,194
$3,007,683,000 0.28%
Robinhood Mkts Inc
No change
88,871
$1,788,973,000 0.17%
Amazon.com Inc.
No change
9,520
$1,717,218,000 0.16%
Crowdstrike Holdings Inc
No change
4,438
$1,422,778,000 0.13%
Alphabet Inc
Opened
5,740
$870,222,000 0.08%
Alphabet Inc
Closed
5,740
$805,442,000
Cloudflare Inc
Opened
7,440
$720,415,000 0.07%
Spdr Sp 500 Etf Tr
No change
1,239
$648,084,000 0.06%
Asana, Inc.
No change
39,465
$611,313,000 0.06%
Wave Life Sciences Ltd.
No change
77,619
$478,909,000 0.04%
Invivyd Inc
No change
79,869
$354,618,000 0.03%
Netflix Inc.
No change
562
$341,319,000 0.03%
Rocket Pharmaceuticals Inc
No change
11,335
$305,365,000 0.03%
Workday Inc
No change
896
$244,384,000 0.02%
Atlassian Corporation
No change
1,117
$217,938,000 0.02%
Pagerduty Inc
No change
6,403
$145,220,000 0.01%
Samsara Inc.
No change
2,566
$96,969,000 0.01%
Advantage Solutions Inc.
No change
18,867
$81,694,000 0.01%
Curis Inc
No change
6,653
$72,318,000 0.01%
Splunk Inc
Closed
389
$59,264,000
Box Inc
No change
1,874
$53,072,000 0.00%
Lyft Inc
No change
2,244
$43,421,000 0.00%
Opendoor Technologies Inc.
No change
5,988
$18,144,000 0.00%
Maplebear Inc
Opened
222
$8,278,000 0.00%
ServiceNow Inc
No change
6
$4,574,000 0.00%
Snowflake Inc.
No change
28
$4,525,000 0.00%
Berkshire Hathaway Inc.
No change
10
$4,205,000 0.00%
Disney Walt Co
No change
22
$2,692,000 0.00%
Root, Inc.
No change
10
$611,000 0.00%
No transactions found
Showing first 500 out of 44 holdings