a16z Capital Management, L.L.C.
MENLO PARK, CA
$14.2bn in 19 US stocks at the end of 30 June 2026. The top 10 are 99.4% of the money. It changed about 90.1% of the portfolio this quarter.
Value
$14.2bn
Stocks
19
Top 10 share
99.4%
Turnover
90.1%
What changed this quarter
New
Bought for the first time this quarter.
- Space Exploration TechnologiesSPCX90.0% of the fund
- RobloxRBLX0.1% of the fund
- Kailera TherapeuticsKLRA<0.1% of the fund
- IP Strategy HoldingsIPST<0.1% of the fund
Added
Bought more of a stock they already held.
None this quarter.
Cut
Sold some of their stake.
- FigmaFIG0.8% of the fund-63%
- Omada HealthOMDA0.2% of the fund-50%
- Nautilus BiotechnologyNAUT0.1% of the fund-49%
Sold out
Sold their entire stake.
Holdings
- Space Exploration TechnologiesSPCX
- Share
- 90.0%
- Value
- $12.8bn
- Shares
- 74,855,020
New
- Damora Therapeutics
- Share
- 0.2%
- Value
- $32m
- Shares
- 1,236,157
Held
- Kailera TherapeuticsKLRA
- Share
- <0.1%
- Value
- $3m
- Shares
- 140,000
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Space Exploration TechnologiesSPCX | 90.0% | $12.8bn | 74,855,020 | New |
| NavanNAVN | 4.5% | $645m | 28,218,676 | Held |
| Revolution MedicinesRVMD | 1.2% | $173m | 921,099 | Held |
| Meta PlatformsMETA | 0.8% | $120m | 212,531 | Held |
| FigmaFIG | 0.8% | $108m | 5,983,308 | -63% |
| BioAge LabsBIOA | 0.6% | $79m | 3,233,170 | Held |
| BlockXYZ | 0.5% | $77m | 1,016,697 | Held |
| ErascaERAS | 0.4% | $52m | 2,862,500 | Held |
| Maze TherapeuticsMAZE | 0.4% | $51m | 1,702,225 | Held |
| Damora Therapeutics | 0.2% | $32m | 1,236,157 | Held |
| Omada HealthOMDA | 0.2% | $25m | 1,153,639 | -50% |
| Nautilus BiotechnologyNAUT | 0.1% | $17m | 9,063,054 | -49% |
| RobloxRBLX | 0.1% | $15m | 274,570 | New |
| Aktis OncologyAKTS | <0.1% | $13m | 415,000 | Held |
| Camp4 TherapeuticsCAMP | <0.1% | $9m | 2,125,339 | Held |
| Bitgo HoldingsBTGO | <0.1% | $3m | 666,356 | Held |
| Kailera TherapeuticsKLRA | <0.1% | $3m | 140,000 | New |
| Ginkgo Bioworks HoldingsDNA | <0.1% | $1m | 108,568 | Held |
| IP Strategy HoldingsIPST | <0.1% | $9,722 | 4,137 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 4442.8% since 30 June 2025.
Where the money is
Technology95.4%
Health care3.0%
Media & telecom0.8%
Financial services0.6%
Everyday goods0.0%
Other0.2%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.