# EDGAR Filing Document

**Accession Number:** 0002009275
**File Stem:** 0002009275-25-000007
**Filing Date:** 2025-8
**Character Count:** 8843
**Document Hash:** 28a7fc540b347f39a11d572b08ec7039
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002009275-25-000007.hdr.sgml**: 20250801

**ACCESSION NUMBER**: 0002009275-25-000007

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250801

**DATE AS OF CHANGE**: 20250801

**EFFECTIVENESS DATE**: 20250801

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** a16z Perennial Management, L.P.
- **CENTRAL INDEX KEY:** 0002009275

**ORGANIZATION NAME:**
- **EIN:** 884276513
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23598
- **FILM NUMBER:** 251175105

**BUSINESS ADDRESS:**
- **STREET 1:** 2865 SAND HILL ROAD
- **STREET 2:** SUITE 101
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025
- **BUSINESS PHONE:** 6505128962

**MAIL ADDRESS:**
- **STREET 1:** 2865 SAND HILL ROAD
- **STREET 2:** SUITE 101
- **CITY:** MENLO PARK
- **STATE:** CA
- **ZIP:** 94025

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** a16z Perennial Management L.P.<br>**Address:** 2865 SAND HILL ROAD<br>SUITE 101<br>MENLO PARK, CA 94025

**Form 13F File Number:** 028-23598

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Michel Del Buono<br>**Title:** Chief Investment Officer<br>**Phone:** 6507993192

**Signature, Place, and Date of Signing:**

/s/ Michel Del Buono  Menlo Park, CA  07-31-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 54

**Form 13F Information Table Value Total:** $1305483289

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ADVANTAGE SOLUTIONS INC | COM CL A | 00791N102 |  | 24904 | 18867 | SH |  | SOLE |  | 0 | 0 | 18867 |
| AFFIRM HLDGS INC | COM CL A | 00827B106 |  | 5981993 | 86520 | SH |  | SOLE |  | 0 | 0 | 86520 |
| AIRBNB INC | COM CL A | 009066101 |  | 68433676 | 517105 | SH |  | SOLE |  | 0 | 0 | 517105 |
| AIRBNB INC | COM CL A | 009066101 |  | 11235666 | 84900 | SH | Put | SOLE |  | 0 | 0 | 84900 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 496969 | 2820 | SH |  | SOLE |  | 0 | 0 | 2820 |
| ALPHABET INC | CAP STK CL C | 02079K305 |  | 372519 | 2100 | SH |  | SOLE |  | 0 | 0 | 2100 |
| AMAZON COM INC | COM | 023135106 |  | 2088593 | 9520 | SH |  | SOLE |  | 0 | 0 | 9520 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 226852 | 1117 | SH |  | SOLE |  | 0 | 0 | 1117 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 4858 | 10 | SH |  | SOLE |  | 0 | 0 | 10 |
| BITWISE BITCOIN ETF TR | SHS BEN INT | 09174C104 |  | 935155 | 15961 | SH |  | SOLE |  | 0 | 0 | 15961 |
| BITWISE ETHEREUM ETF | SHS | 091955104 |  | 400878 | 22197 | SH |  | SOLE |  | 0 | 0 | 22197 |
| BONDBLOXX ETF TRUST | BLOOMBERG SIX MN | 09789C788 |  | 70073280 | 1392000 | SH |  | SOLE |  | 0 | 0 | 1392000 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 7833 | 40 | SH |  | SOLE |  | 0 | 0 | 40 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 536373072 | 1530352 | SH |  | SOLE |  | 0 | 0 | 1530352 |
| COINBASE GLOBAL INC | COM CL A | 19260Q107 |  | 83591865 | 238500 | SH | Put | SOLE |  | 0 | 0 | 238500 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 2260318 | 4438 | SH |  | SOLE |  | 0 | 0 | 4438 |
| CURIS INC | COM | 231269309 |  | 15435 | 6653 | SH |  | SOLE |  | 0 | 0 | 6653 |
| DIGITALOCEAN HLDGS INC | COM | 6962099WQ |  | 17740101 | 621152 | SH |  | SOLE |  | 0 | 0 | 621152 |
| DIGITALOCEAN HLDGS INC | COM | 6962099WQ |  | 56210 | 401500 | SH | Put | SOLE |  | 0 | 0 | 401500 |
| DISNEY WALT CO | COM | 254687106 |  | 2728 | 22 | SH |  | SOLE |  | 0 | 0 | 22 |
| DOORDASH INC | CL A | 25809K105 |  | 3350071 | 13590 | SH |  | SOLE |  | 0 | 0 | 13590 |
| INVIVYD INC | COM | 00534A102 |  | 57106 | 79869 | SH |  | SOLE |  | 0 | 0 | 79869 |
| ISHARES TR | CALIF MUN BD ETF | 46435U853 |  | 261922 | 4699 | SH |  | SOLE |  | 0 | 0 | 4699 |
| ISHARES TR | CORE S ETF | 464287200 |  | 20551790 | 33100 | SH |  | SOLE |  | 0 | 0 | 33100 |
| ISHARES TR | NATIONAL MUN ETF | 46435U853 |  | 23159768 | 221667 | SH |  | SOLE |  | 0 | 0 | 221667 |
| LYFT INC | CL A COM | 55087P104 |  | 35365 | 2244 | SH |  | SOLE |  | 0 | 0 | 2244 |
| MAPLEBEAR INC | COM | 565394103 |  | 558759 | 12351 | SH |  | SOLE |  | 0 | 0 | 12351 |
| META PLATFORMS INC | CL A | 30303M102 |  | 4571729 | 6194 | SH |  | SOLE |  | 0 | 0 | 6194 |
| MICROSOFT CORP | COM | 594918104 |  | 8810126 | 17712 | SH |  | SOLE |  | 0 | 0 | 17712 |
| NETFLIX INC | COM | 64110L106 |  | 752591 | 562 | SH |  | SOLE |  | 0 | 0 | 562 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 213828944 | 15585200 | SH |  | SOLE |  | 0 | 0 | 15585200 |
| OKTA INC | CL A | 679295105 |  | 59769364 | 597873 | SH |  | SOLE |  | 0 | 0 | 597873 |
| OPENDOOR TECHNOLOGIES INC | COM | 683712103 |  | 26967 | 50595 | SH |  | SOLE |  | 0 | 0 | 50595 |
| PINTEREST INC | CL A | 72352L106 |  | 3531242 | 98473 | SH |  | SOLE |  | 0 | 0 | 98473 |
| PROGYNY INC | COM | 74340E103 |  | 19976 | 908 | SH |  | SOLE |  | 0 | 0 | 908 |
| REDDIT INC | CL A | 75734B100 |  | 169542 | 1126 | SH |  | SOLE |  | 0 | 0 | 1126 |
| REVOLUTION MEDICINES INC | COM | 76155X100 |  | 67068 | 1823 | SH |  | SOLE |  | 0 | 0 | 1823 |
| ROBINHOOD MKTS INC | COM CL A | 7717569RP |  | 60476272 | 645907 | SH |  | SOLE |  | 0 | 0 | 645907 |
| ROBINHOOD MKTS INC | COM CL A | 7717569RP |  | 518400 | 64800 | SH | Put | SOLE |  | 0 | 0 | 64800 |
| ROBLOX CORP | CL A | 771049103 |  | 15375506 | 146155 | SH |  | SOLE |  | 0 | 0 | 146155 |
| ROBLOX CORP | CL A | 771049103 |  | 736400 | 7000 | SH | Put | SOLE |  | 0 | 0 | 7000 |
| ROCKET PHARMACEUTICALS INC | COM | 77313F106 |  | 27771 | 11335 | SH |  | SOLE |  | 0 | 0 | 11335 |
| ROOT INC | CL A NEW | 77664L207 |  | 1280 | 10 | SH |  | SOLE |  | 0 | 0 | 10 |
| RUBRIK INC. | CL A | 781154109 |  | 15320 | 171 | SH |  | SOLE |  | 0 | 0 | 171 |
| SAMSARA INC | COM CL A | 7537939UU |  | 60339378 | 1516827 | SH |  | SOLE |  | 0 | 0 | 1516827 |
| SAMSARA INC | COM CL A | 7537939UU |  | 46438 | 663400 | SH | Put | SOLE |  | 0 | 0 | 663400 |
| SERVICENOW INC | COM | 81762P102 |  | 6168 | 6 | SH |  | SOLE |  | 0 | 0 | 6 |
| SNOWFLAKE INC | CL A | 833445109 |  | 6266 | 28 | SH |  | SOLE |  | 0 | 0 | 28 |
| SPDR S 500 ETF TR | TR UNIT | 7937009XZ |  | 765516 | 1239 | SH |  | SOLE |  | 0 | 0 | 1239 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 5215439 | 17160 | SH |  | SOLE |  | 0 | 0 | 17160 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 21361537 | 435683 | SH |  | SOLE |  | 0 | 0 | 435683 |
| WAVE LIFE SCIENCES LTD | SHS | Y95308105 |  | 504524 | 77619 | SH |  | SOLE |  | 0 | 0 | 77619 |
| WEAVE COMMUNICATIONS INC | COM | 94724R108 |  | 26799 | 3221 | SH |  | SOLE |  | 0 | 0 | 3221 |
| WORKDAY INC | CL A | 98138H101 |  | 215040 | 896 | SH |  | SOLE |  | 0 | 0 | 896 |

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