PARNASSUS INVESTMENTS, LLC

CIK

948669

Location

San Francisco, CA

Portfolio Value

Mid $1,332,876,405

Diversification

Diversified

Filing Date

Global Rank

#188 / 8,588 ▼ 9

Top Industry

Semiconductors 9.5%

3Y Alpha vs SPY

-7.7%

Period ended 3 months ago

Filed May 12, 2026 · 36d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+46.3%

SPY

+78.1%

Annualised alpha

-7.7%

Max drawdown

−17.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

135 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%	$5,141,468,816	25
Financial Services	14.2%	$4,857,283,485	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	$701,142,790
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

6 positions · $1,332,876,405 total · Consumer Defensive only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
COST	Costco Wholesale Corp /New Consumer Defensive	Added	675,504	+13,057	$673,092,450	+17.8%	50.50%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	2,646,954	+42,902	$382,326,035	+2.4%	28.68%
SYY	Sysco Corp Consumer Defensive	Reduced	1,582,985	-28,020	$112,914,320	−4.9%	8.47%
WMT	Walmart Inc. Consumer Defensive	Added	720,413	+3,788	$89,532,927	+12.1%	6.72%
USFD	US Foods Holding Corp. Consumer Defensive	Added	810,095	+1,986	$74,698,859	+22.7%	5.60%
CCEP	COCA-COLA EUROPACIFIC PARTNERS plc Consumer Defensive	Added	3,439	+306	$311,814	+9.7%	0.02%