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Parnassus Investments

Parnassus Investments Portfolio holdings

AUM $37.4B
1-Year Est. Return 35.42%
This Fund
S&P 500
This Quarter Est. Return
+4.21%
1 Year Est. Return
+35.42%
3 Year Est. Return
+106.24%
5 Year Est. Return
+128.96%
10 Year Est. Return
+492.3%
AUM
$38.6B
AUM Growth
-$4.7B
Cap. Flow
-$5.72B
Cap. Flow %
-14.84%
Top 10 Hldgs %
38.64%
Holding
150
New
3
Increased
53
Reduced
82
Closed
12

Top Buys

Rank Stock Value
1
HD icon
Home Depot
HD
+$668M
2
AAPL icon
Apple
AAPL
+$408M
3
LLY icon
Eli Lilly
LLY
+$365M
4
COST icon
Costco
COST
+$219M
5
SYK icon
Stryker
SYK
+$133M

Top Sells

Rank Stock Value
1
VRTX icon
Vertex Pharmaceuticals
VRTX
+$646M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$640M
3
FISV
Fiserv Inc
FISV
+$530M
4
NVDA icon
NVIDIA
NVDA
+$518M
5
AMZN icon
Amazon
AMZN
+$477M

Sector Composition

Rank Sector Weight
1 Technology 31.01%
2 Financials 15.93%
3 Healthcare 14.02%
4 Industrials 12.72%
5 Consumer Discretionary 10.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LRCX icon
51
Lam Research
LRCX
$392B
$111M 0.29%
645,926
-54,789
-8% -$8.52M
UNP icon
52
Union Pacific
UNP
$185B
$108M 0.28%
466,778
-21,144
-4% -$4.83M
PGR icon
53
Progressive
PGR
$129B
$104M 0.27%
455,850
+8,775
+2% +$1.98M
CMS icon
54
CMS Energy
CMS
$21.7B
$103M 0.27%
+1,472,659
New +$107M
V icon
55
Visa
V
$717B
$97.8M 0.25%
278,829
+4,688
+2% +$1.6M
CME icon
56
CME Group
CME
$101B
$96.5M 0.25%
353,308
+6,564
+2% +$1.78M
CI icon
57
Cigna
CI
$74.2B
$92.4M 0.24%
335,611
+8,468
+3% +$2.37M
WDC icon
58
Western Digital
WDC
$169B
$90.2M 0.23%
523,497
-375,363
-42% -$56.9M
HUBB icon
59
Hubbell
HUBB
$25B
$86.6M 0.22%
194,948
+54,263
+39% +$23.8M
FDX icon
60
FedEx
FDX
$79.5B
$85.2M 0.22%
295,041
-12,501
-4% -$3.28M
MU icon
61
Micron Technology
MU
$1.06T
$84.1M 0.22%
294,810
-63,400
-18% -$14.5M
ADSK icon
62
Autodesk
ADSK
$53.8B
$84.1M 0.22%
283,980
-20,663
-7% -$6.25M
HLT icon
63
Hilton Worldwide
HLT
$74.8B
$81.9M 0.21%
285,163
-17,719
-6% -$4.82M
BR icon
64
Broadridge
BR
$20.7B
$81.4M 0.21%
364,623
-15,750
-4% -$3.59M
WMT icon
65
Walmart Inc
WMT
$830B
$79.8M 0.21%
716,625
+11,266
+2% +$1.21M
BILL icon
66
BILL Holdings
BILL
$4.79B
$79.8M 0.21%
1,463,791
+558,206
+62% +$28.7M
CBOE icon
67
Cboe Global Markets
CBOE
$32.6B
$79.3M 0.21%
316,018
-26,733
-8% -$6.65M
A icon
68
Agilent Technologies
A
$43.8B
$79M 0.21%
580,939
+120,483
+26% +$17.3M
ABT icon
69
Abbott
ABT
$197B
$77.2M 0.2%
616,351
+91,897
+18% +$11.7M
TRU icon
70
TransUnion
TRU
$16.2B
$76.6M 0.2%
892,724
-75,587
-8% -$6.21M
BIO icon
71
Bio-Rad Laboratories Class A
BIO
$10.4B
$76.4M 0.2%
252,140
-63,188
-20% -$19.7M
REGN icon
72
Regeneron Pharmaceuticals
REGN
$83.9B
$74.5M 0.19%
96,545
-4,478
-4% -$3.04M
SARO
73
StandardAero Inc
SARO
$8.33B
$72M 0.19%
2,512,169
+1,372,588
+120% +$37.4M
CMG icon
74
Chipotle Mexican Grill
CMG
$47.3B
$67.9M 0.18%
1,834,533
+1,384,178
+307% +$50.1M
RSG icon
75
Republic Services
RSG
$68B
$66.3M 0.17%
312,695
-26,516
-8% -$5.71M
1 2
3
4 5

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Parnassus Investments's Q4 2025 Portfolio in Review

As of Q4 2025, Parnassus Investments held 150 positions worth $38.6B, down 11% from $43.3B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Parnassus Investments withdrew a net $5.72B in Q4 2025, closing 12 positions and reducing 82 holdings. Its most notable exit was Vertex Pharmaceuticals, an estimated $646M position sold in full.

By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 32% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Parnassus Investments opened a new position in CMS Energy worth $103M.

  • Parnassus Investments's largest Q4 2025 buy was CMS Energy: 1,472,659 shares worth $103M.
  • Parnassus Investments added most to Home Depot in Q4 2025, an estimated $668M increase.
  • Parnassus Investments's biggest Q4 2025 reduction was Alphabet (Google) Class A, cutting an estimated $640M.
  • Parnassus Investments fully exited Vertex Pharmaceuticals in Q4 2025, selling an estimated $646M.
  • Parnassus Investments's ten largest holdings make up 39% of its $38.6B portfolio in Q4 2025.
  • Parnassus Investments opened 3 new positions and closed 12 in Q4 2025.
  • Parnassus Investments's portfolio value fell 11% quarter-over-quarter to $38.6B.

Based on Parnassus Investments's 13F filing for Q4 2025, filed 12 Feb 2026.