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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
MSFT icon
1
Microsoft
MSFT
$3.69T
$2.18B 5.65%
4,505,495
-184,930
-4% -$92.7M
GOOGL icon
2
Alphabet (Google) Class A
GOOGL
$4.18T
$2.16B 5.6%
6,901,505
-2,239,006
-24% -$640M
AMZN icon
3
Amazon
AMZN
$2.81T
$1.82B 4.72%
7,887,228
-2,082,896
-21% -$477M
NVDA icon
4
NVIDIA
NVDA
$5.08T
$1.79B 4.64%
9,600,898
-2,785,441
-22% -$518M
AAPL icon
5
Apple
AAPL
$4.57T
$1.37B 3.56%
5,049,172
+1,518,322
+43% +$408M
DE icon
6
Deere & Co
DE
$171B
$1.23B 3.19%
2,642,017
-451,317
-15% -$212M
WM icon
7
Waste Management
WM
$88.4B
$1.16B 3.01%
5,277,285
-336,030
-6% -$71.6M
LLY icon
8
Eli Lilly
LLY
$1.06T
$1.09B 2.82%
1,010,392
+382,112
+61% +$365M
DHR icon
9
Danaher
DHR
$151B
$1.07B 2.77%
4,664,560
-1,506,544
-24% -$331M
MA icon
10
Mastercard
MA
$524B
$1.03B 2.68%
1,809,280
-313,779
-15% -$175M
TMO icon
11
Thermo Fisher Scientific
TMO
$234B
$917M 2.38%
1,583,105
-510,516
-24% -$289M
SPGI icon
12
S&P Global
SPGI
$129B
$914M 2.37%
1,749,394
-282,860
-14% -$140M
BAC icon
13
Bank of America
BAC
$435B
$906M 2.35%
16,477,774
-2,780,853
-14% -$147M
ICE icon
14
Intercontinental Exchange
ICE
$90.9B
$880M 2.28%
5,436,265
-1,060,710
-16% -$166M
AVGO icon
15
Broadcom
AVGO
$1.69T
$852M 2.21%
2,461,410
-56,781
-2% -$20.3M
O icon
16
Realty Income
O
$58.9B
$852M 2.21%
15,106,270
-2,960,333
-16% -$171M
AMAT icon
17
Applied Materials
AMAT
$381B
$829M 2.15%
3,227,145
-534,040
-14% -$128M
LIN icon
18
Linde
LIN
$226B
$775M 2.01%
1,818,692
-278,093
-13% -$119M
KLAC icon
19
KLA
KLAC
$240B
$758M 1.97%
6,236,640
-967,940
-13% -$114M
BSX icon
20
Boston Scientific
BSX
$69.8B
$753M 1.95%
7,899,240
+1,014,800
+15% +$99.5M
AZO icon
21
AutoZone
AZO
$49B
$717M 1.86%
211,328
-39,613
-16% -$150M
HD icon
22
Home Depot
HD
$334B
$716M 1.86%
2,080,538
+1,824,409
+712% +$668M
SYK icon
23
Stryker
SYK
$126B
$685M 1.78%
1,947,575
+366,059
+23% +$133M
CRM icon
24
Salesforce
CRM
$168B
$681M 1.77%
2,571,143
-1,106,930
-30% -$275M
SNPS icon
25
Synopsys
SNPS
$78.5B
$677M 1.76%
1,440,874
-46,081
-3% -$20.5M
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.