PARNASSUS INVESTMENTS, LLC

CIK

948669

Location

San Francisco, CA

Portfolio Value

Large $34,147,054,504

Diversification

Diversified

Filing Date

Global Rank

#188 / 8,622 ▼ 9 · as of Mar 2026

Top Industry

Semiconductors 9.5%

3Y Alpha vs SPY

-4.9%

Period ended 4 months ago

Filed May 12, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+48.1%

SPY

+67.9%

Annualised alpha

-4.9%

Max drawdown

−17.2%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

135 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

5.4%

−0.2 pts

Top 5

22.8%

−1.5 pts

Top 10

37.3%

−1.5 pts

HHI

241

Diversified−10

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	28.2%	$9,635,702,211	32
Industrials	15.1%	$5,141,468,825	25
Financial Services	14.2%	$4,857,283,438	23
Healthcare	12.6%	$4,317,113,208	22
Consumer Cyclical	11.1%	$3,777,505,053	14
Communication Services	5.9%	$2,023,032,266	5
Basic Materials	4.8%	$1,655,036,876	4
Consumer Defensive	3.9%	$1,332,876,405	6
Real Estate	3.1%	$1,055,127,960	2
Utilities	1.0%	$351,908,262	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
CNH	CNH Industrial N.V.	+2,843,638	2,865,167	$31,516,837
ODFL	Old Dominion Freight Line, Inc.	+1,545,323	1,928,810	$376,889,474
VMC	Vulcan Materials CO	+1,528,272	1,730,891	$471,321,619
CMS	Cms Energy Corp	+480,554	1,953,213	$151,530,264
EW	Edwards Lifesciences Corp	+408,412	995,172	$79,693,373
AMD	Advanced Micro Devices Inc	+240,721	2,703,880	$550,050,308
BILL	BILL Holdings, Inc.	+198,459	1,662,250	$63,664,175
RCL	Royal Caribbean Cruises Ltd	+173,454	254,264	$69,968,367
SARO	StandardAero, Inc.	+115,051	2,627,220	$67,861,092
VZ	Verizon Communications Inc	+108,369	3,182,129	$159,742,875
BSX	Boston Scientific Corp	+104,580	8,003,820	$502,239,705
NXPI	NXP Semiconductors N.V.	+96,720	328,319	$64,632,878
PNR	PENTAIR plc	+91,199	547,303	$47,675,564
XYL	Xylem Inc.	+90,020	535,124	$63,947,318
SYK	Stryker Corp	+89,996	2,037,571	$669,525,454
JPM	Jpmorgan Chase & Co	+73,821	574,730	$169,062,576
DASH	DoorDash, Inc.	+52,593	97,541	$14,645,781
PCOR	Procore Technologies, Inc.	+50,334	282,928	$16,126,896
ORCL	Oracle Corp	+48,859	2,146,719	$315,803,832
GWRE	Guidewire Software, Inc.	+47,841	147,343	$22,036,619
WCN	Waste Connections, Inc.	+44,395	125,793	$20,433,814
FERG	Ferguson Enterprises Inc. /DE/	+43,705	2,609,159	$608,612,428
PG	PROCTER & GAMBLE Co	+42,902	2,646,954	$382,326,035
V	Visa Inc.	+39,717	318,546	$96,277,343
ALL	Allstate Corp	+38,654	240,114	$49,785,236
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
BRO	Brown & Brown, Inc.	−6,140,616	64,113	$4,180,808
BAC	Bank Of America Corp /De/	−1,668,940	14,808,834	$721,930,657
O	Realty Income Corp	−963,959	14,142,311	$865,226,586
DE	Deere & Co	−753,569	1,888,448	$1,063,762,758
DHR	Danaher Corp /De/	−689,731	3,974,829	$753,627,578
CRM	Salesforce, Inc.	−621,445	1,949,698	$363,950,125
AMZN	Amazon Com Inc	−522,636	7,364,592	$1,533,823,575
GOOGL	Alphabet Inc.	−456,089	6,445,416	$1,853,443,824
ICE	Intercontinental Exchange, Inc.	−404,389	5,031,876	$791,413,457
ARES	Ares Management Corp	−395,133	7,428	$810,394
LRCX	Lam Research Corp	−383,763	262,163	$56,013,746
AAPL	Apple Inc.	−374,417	4,674,755	$1,186,406,071
MSFT	Microsoft Corp	−313,331	4,192,164	$1,551,813,347
WM	Waste Management Inc	−295,707	4,981,578	$1,144,716,808
CBRE	Cbre Group, Inc.	−292,134	1,401,900	$189,901,374
AMAT	Applied Materials Inc /De	−244,915	2,982,230	$1,019,296,391
AVGO	Broadcom Inc.	−179,847	2,281,563	$706,166,564
NVDA	Nvidia Corp	−162,291	9,438,607	$1,646,093,060
WDC	Western Digital Corp	−126,695	396,802	$107,330,972
LIN	Linde PLC	−119,283	1,699,409	$842,499,005
HD	Home Depot, Inc.	−117,373	1,963,165	$645,665,336
MA	Mastercard Inc	−114,301	1,694,979	$846,913,207
SNDK	Sandisk Corp	−107,463	80,309	$51,023,520
BR	Broadridge Financial Solutions, Inc.	−105,787	258,836	$42,055,673
SPGI	S&P Global Inc.	−100,965	1,648,429	$701,142,743
No positions match the current search.

New Positions

Positions the filer opened this quarter

13 positions

Ticker	Company	Shares	Value
AZN	Astrazeneca PLC	642,138	$126,642,456
DKS	Dick's Sporting Goods, Inc.	287,171	$56,943,137
MDLN	Medline Inc.	988,143	$43,972,363
SGI	Somnigroup International Inc.	190,000	$14,044,800
BLDR	Builders FirstSource, Inc.	149,316	$12,293,186
RKLB	Rocket Lab Corp	106,137	$6,816,118
RDDT	Reddit, Inc.	36,137	$4,865,847
META	Meta Platforms, Inc.	3,887	$2,223,869
VIK	Viking Holdings Ltd	20,230	$1,486,500
SHOP	Shopify Inc.	11,683	$1,385,837
RTO	Rentokil Initial PLC /Fi	10,571	$332,775
CB	Chubb Ltd	976	$318,107
NVS	Novartis AG	1,999	$305,347
No positions match the current search.

Sold Out

Positions the filer fully exited

15 positions

Ticker	Company	Shares	Value
WDAY	Workday, Inc.	2,116,802	$454,646,733
NOW	ServiceNow, Inc.	2,304,946	$353,094,677
NVO	Novo Nordisk A S	969,015	$49,303,483
ROP	Roper Technologies Inc	109,628	$48,798,711
IQV	Iqvia Holdings Inc.	183,977	$41,470,255
ALC	Alcon Inc	435,222	$34,299,845
EFX	Equifax Inc	98,891	$21,457,369
CSGP	Costar Group, Inc.	272,688	$18,335,541
POOL	Pool Corp	57,094	$13,060,252
WST	West Pharmaceutical Services Inc	34,387	$9,461,239
TEAM	Atlassian Corp	5,473	$887,392
BKNG	Booking Holdings Inc.	55	$294,543
YMM	Full Truck Alliance Co. Ltd.	23,076	$247,605
SPOT	Spotify Technology S.A.	410	$238,091
ACGL	Arch Capital Group Ltd.	2,268	$217,546
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

135 tracked positions · $34,147,054,504 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 135 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GOOGL	Alphabet Inc. Communication Services	Reduced	6,445,416	-456,089	$1,853,443,824	−14.2%	5.43%
NVDA	Nvidia Corp Technology	Reduced	9,438,607	-162,291	$1,646,093,060	−8.1%	4.82%
MSFT	Microsoft Corp Technology	Reduced	4,192,164	-313,331	$1,551,813,347	−28.8%	4.54%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	7,364,592	-522,636	$1,533,823,575	−15.7%	4.49%
AAPL	Apple Inc. Technology	Reduced	4,674,755	-374,417	$1,186,406,071	−13.6%	3.47%
WM	Waste Management Inc Industrials	Reduced	4,981,578	-295,707	$1,144,716,808	−1.3%	3.35%
DE	Deere & Co Industrials	Reduced	1,888,448	-753,569	$1,063,762,758	−13.5%	3.12%
AMAT	Applied Materials Inc /De Technology	Reduced	2,982,230	-244,915	$1,019,296,391	+22.9%	2.99%
O	Realty Income Corp Real Estate	Reduced	14,142,311	-963,959	$865,226,586	+1.6%	2.53%
LLY	ELI LILLY & Co Healthcare	Reduced	935,462	-74,930	$860,409,883	−20.8%	2.52%
MA	Mastercard Inc Financial Services	Reduced	1,694,979	-114,301	$846,913,207	−18.0%	2.48%
LIN	Linde PLC Basic Materials	Reduced	1,699,409	-119,283	$842,499,005	+8.6%	2.47%
KLAC	Kla Corp Technology	Reduced	538,364	-85,300	$792,692,537	+4.6%	2.32%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	5,031,876	-404,389	$791,413,457	−10.1%	2.32%
DHR	Danaher Corp /De/ Healthcare	Reduced	3,974,829	-689,731	$753,627,578	−29.4%	2.21%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	1,504,651	-78,454	$739,581,106	−19.4%	2.17%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	14,808,834	-1,668,940	$721,930,657	−20.3%	2.11%
GWW	W.W. Grainger, Inc. Industrials	Added	651,243	+11,081	$710,382,441	+10.0%	2.08%
AVGO	Broadcom Inc. Technology	Reduced	2,281,563	-179,847	$706,166,564	−17.1%	2.07%
SPGI	S&P Global Inc. Financial Services	Reduced	1,648,429	-100,965	$701,142,743	−23.3%	2.05%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	675,504	+13,057	$673,092,450	+17.8%	1.97%
SYK	Stryker Corp Healthcare	Added	2,037,571	+89,996	$669,525,454	−2.2%	1.96%
AZO	Autozone Inc Consumer Cyclical	Reduced	195,650	-15,678	$660,862,657	−7.8%	1.94%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	1,963,165	-117,373	$645,665,336	−9.8%	1.89%
FERG	Ferguson Enterprises Inc. /DE/ Industrials	Added	2,609,159	+43,705	$608,612,428	+6.6%	1.78%
SNPS	Synopsys Inc Technology	Added	1,460,418	+19,544	$579,026,528	−14.4%	1.70%
AMD	Advanced Micro Devices Inc Technology	Added	2,703,880	+240,721	$550,050,308	+4.3%	1.61%
MAR	Marriott International Inc /Md/ Consumer Cyclical	Added	1,588,018	+26,439	$519,393,047	+7.2%	1.52%
BSX	Boston Scientific Corp Healthcare	Added	8,003,820	+104,580	$502,239,705	−33.3%	1.47%
VMC	Vulcan Materials CO Basic Materials	Added	1,730,891	+1,528,272	$471,321,619	+715.6%	1.38%
MRSH	Marsh & Mclennan Companies, Inc. Financial Services	Added	2,210,439	+36,818	$383,400,644	−4.9%	1.12%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	2,646,954	+42,902	$382,326,035	+2.4%	1.12%
ODFL	Old Dominion Freight Line, Inc. Industrials	Added	1,928,810	+1,545,323	$376,889,474	+526.8%	1.10%
CRM	Salesforce, Inc. Technology	Reduced	1,949,698	-621,445	$363,950,125	−46.6%	1.07%
SHW	Sherwin Williams Co Basic Materials	Added	1,063,432	+19,158	$340,883,127	+0.7%	1.00%
VRSK	Verisk Analytics, Inc. Industrials	Reduced	1,760,761	-54,299	$334,104,399	−17.7%	0.98%
ORCL	Oracle Corp Technology	Added	2,146,719	+48,859	$315,803,832	−22.8%	0.92%
BNY	Bank of New York Mellon Corp Financial Services	Reduced	2,307,326	-52,114	$273,718,083	−0.1%	0.80%
BEPC	Brookfield Renewable Corp Utilities	Reduced	5,030,831	-2,118	$200,377,998	+3.8%	0.59%
CBRE	Cbre Group, Inc. Real Estate	Reduced	1,401,900	-292,134	$189,901,374	−30.3%	0.56%
JPM	Jpmorgan Chase & Co Financial Services	Added	574,730	+73,821	$169,062,576	+4.7%	0.50%
VZ	Verizon Communications Inc Communication Services	Added	3,182,129	+108,369	$159,742,875	+27.6%	0.47%
CMI	Cummins Inc Industrials	Added	283,672	+3,668	$152,621,209	+6.8%	0.45%
CMS	Cms Energy Corp Utilities	Added	1,953,213	+480,554	$151,530,264	+47.1%	0.44%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	386,893	+9,894	$130,750,489	+14.1%	0.38%
AZN	Astrazeneca PLC Healthcare	NEW	642,138	NEW	$126,642,456	NEW	0.37%
SCHW	Schwab Charles Corp Financial Services	Reduced	1,284,730	-12,095	$120,738,925	−6.8%	0.35%
SYY	Sysco Corp Consumer Defensive	Reduced	1,582,985	-28,020	$112,914,320	−4.9%	0.33%
C	Citigroup Inc Financial Services	Reduced	989,158	-15	$112,180,408	−2.8%	0.33%
UNP	Union Pacific Corp Industrials	Reduced	459,249	-7,529	$111,422,992	+3.2%	0.33%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.