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.
$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 | |||
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