Asset manager

Parnassus Investments, LLC

13F for the quarter to June 30, 2026, filed July 29, 2026 · SEC CIK 948669

Reported value: $37.4bn
Positions we cover: 131
Copy, a year: +14.0%
Copy Sharpe ratio: 0.78

How copying its 13F would have done

CopyS&P 500 $10,000 copying Parnassus Investments, LLC's filed holdings in companies we cover from August 2, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −29.5% (S&P 500 −31.8%); beta 0.97; alpha +0.6% a year (t = 0.54); last 12 months +9.4% against +12.1%.

Reported value by quarter

Parnassus Investments, LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2013-06-30	$7.6B
2013-09-30	$8.7B
2013-12-31	$9.8B
2014-03-31	$10.4B
2014-06-30	$11.4B
2014-09-30	$11.7B
2014-12-31	$13.2B
2015-03-31	$14B
2015-06-30	$14B
2015-09-30	$13.6B
2015-12-31	$14.9B
2016-03-31	$15.6B
2016-06-30	$16.4B
2016-09-30	$18.3B
2016-12-31	$20.2B
2017-03-31	$21.4B
2017-06-30	$23.7B
2017-09-30	$24.4B
2017-12-31	$25.5B
2018-03-31	$24.8B
2018-06-30	$25.1B
2018-09-30	$26.2B
2018-12-31	$23B
2019-03-31	$25.4B
2019-06-30	$26.4B
2019-09-30	$27.6B
2019-12-31	$29.7B
2020-03-31	$24B
2020-06-30	$28.9B
2020-09-30	$32.2B
2020-12-31	$36.9B
2021-03-31	$41.2B
2021-06-30	$45.9B
2021-09-30	$47.4B
2021-12-31	$52.1B
2022-03-31	$49.4B
2022-06-30	$41.9B
2022-09-30	$38.4B
2022-12-31	$40.2T
2023-03-31	$40.3B
2023-06-30	$43.1B
2023-09-30	$40.9B
2023-12-31	$45B
2024-03-31	$46.8B
2024-06-30	$45.9B
2024-09-30	$47.1B
2024-12-31	$45B
2025-03-31	$41.6B
2025-06-30	$43.4B
2025-09-30	$43.3B
2025-12-31	$38.6B
2026-03-31	$34.1B
2026-06-30	$37.4B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
GOOGLAlphabet Inc. (Class A)	5.24%	$2.0bn	5.49M	−14.8% Reduced
AMATApplied Materials	4.89%	$1.8bn	2.53M	−15.1% Reduced
MSFTMicrosoft Corporation	4.67%	$1.7bn	4.69M	+11.8% Added
NVDANVIDIA Corporation	4.52%	$1.7bn	8.45M	−10.4% Reduced
AMZNAmazon	4.39%	$1.6bn	6.90M	−6.3% Reduced
AMDAdvanced Micro Devices	3.61%	$1.4bn	2.33M	−13.8% Reduced
KLACKLA Corporation	3.55%	$1.3bn	4.40M	+717.9% Added
AAPLApple Inc.	3.34%	$1.2bn	4.32M	−7.6% Reduced
WMWaste Management	2.85%	$1.1bn	4.79M	−3.8% Reduced
DEDeere & Company	2.78%	$1.0bn	1.64M	−13.1% Reduced
LINLinde plc	2.20%	$823.2m	1.59M	−6.7% Reduced
TMOThermo Fisher Scientific	2.19%	$822.0m	1.64M	+9.0% Added
GWWW. W. Grainger	2.19%	$820.0m	602.8K	−7.4% Reduced
MAMastercard	2.17%	$811.6m	1.58M	−6.8% Reduced
AVGOBroadcom	2.13%	$799.0m	2.12M	−7.3% Reduced
BACBank of America	2.07%	$775.1m	13.60M	−8.1% Reduced
ORealty Income	1.93%	$721.2m	11.64M	−17.7% Reduced
DASHDoorDash	1.92%	$717.2m	3.89M	+3884.5% Added
DHRDanaher Corporation	1.87%	$699.9m	3.67M	−7.6% Reduced
FERGFerguson Enterprises	1.80%	$672.5m	2.83M	+8.6% Added
HDThe Home Depot	1.74%	$651.7m	1.85M	−5.9% Reduced
LLYLilly (Eli)	1.68%	$630.3m	525.5K	−43.8% Reduced
SNPSSynopsys Inc	1.68%	$628.5m	1.41M	−3.5% Reduced
SYKStryker Corporation	1.62%	$605.9m	1.92M	−5.5% Reduced
SPGIS&P Global	1.60%	$598.0m	1.47M	−10.9% Reduced
COSTCostco	1.56%	$584.7m	625.0K	−7.5% Reduced
AZOAutoZone	1.55%	$579.8m	181.4K	−7.3% Reduced
ICEIntercontinental Exchange	1.53%	$573.2m	4.66M	−7.5% Reduced
HUBBHubbell Incorporated	1.50%	$561.2m	1.07M	+433.0% Added
VMCVulcan Materials Company	1.49%	$558.5m	1.89M	+9.4% Added
MARMarriott International	1.45%	$543.6m	1.47M	−7.6% Reduced
GEVGE Vernova	1.42%	$530.9m	451.9K	+8382.9% Added
ODFLOld Dominion	1.24%	$462.7m	2.14M	+10.8% Added
SHWSherwin-Williams	1.08%	$404.0m	1.17M	+10.3% Added
PGProcter & Gamble	0.96%	$359.0m	2.45M	−7.5% Reduced
MRSHMarsh McLennan	0.91%	$341.3m	2.05M	−7.4% Reduced
ORCLOracle Corporation	0.81%	$304.1m	2.08M	−3.3% Reduced
BNYBNY Mellon	0.81%	$301.9m	2.09M	−9.5% Reduced
JPMJPMorgan Chase	0.49%	$184.2m	562.7K	−2.1% Reduced
CBRECBRE Group	0.47%	$175.8m	1.30M	−6.9% Reduced
TSMTaiwan Semiconductor Manufacturing Co LTD	0.46%	$171.8m	359.7K	−7.0% Reduced
CMSCMS Energy	0.45%	$169.8m	2.22M	+13.6% Added
MUMicron Technology	0.41%	$153.2m	132.7K	−45.9% Reduced
KOThe Coca-Cola Company	0.40%	$149.9m	1.84M	New
CMICummins	0.40%	$148.8m	208.6K	−26.5% Reduced
VZVerizon	0.37%	$137.1m	3.24M	+1.7% Added
SYYSysco	0.36%	$135.0m	1.61M	+2.0% Added
WDCWestern Digital	0.34%	$126.8m	198.5K	−50.0% Reduced
INTCIntel	0.33%	$124.7m	893.4K	−29.7% Reduced
UNPUnion Pacific Corporation	0.33%	$122.4m	449.9K	−2.0% Reduced
AZNAstrazeneca PLC	0.32%	$119.3m	629.2K	−2.0% Reduced
SCHWCharles Schwab Corporation	0.31%	$116.1m	1.26M	−2.0% Reduced
CCitigroup	0.31%	$114.9m	820.9K	−17.0% Reduced
VVisa Inc.	0.29%	$107.0m	311.7K	−2.1% Reduced
PGRProgressive Corporation	0.28%	$104.1m	476.3K	+1.7% Added
CICigna	0.27%	$99.3m	360.4K	+4.1% Added
USFDUS Foods Holding Corp.	0.26%	$97.4m	953.0K	+17.6% Added
WTWWillis Towers Watson	0.25%	$92.8m	355.2K	−2.8% Reduced
EWEdwards Lifesciences	0.24%	$91.9m	1.02M	+2.1% Added
FDXFedEx	0.24%	$89.7m	286.5K	−2.2% Reduced
NXPINXP Semiconductors	0.24%	$89.4m	318.0K	−3.1% Reduced
WMBWilliams Companies	0.23%	$87.1m	1.17M	New
XYLXylem Inc.	0.22%	$81.6m	690.2K	+29.0% Added
UNHUnitedHealth Group	0.22%	$81.5m	196.1K	−2.0% Reduced
AAgilent Technologies	0.21%	$80.6m	607.1K	+3.5% Added
LRCXLam Research	0.21%	$80.4m	185.5K	−29.2% Reduced
WMTWalmart	0.21%	$79.8m	704.4K	−2.2% Reduced
SAROStandardaero, Inc.	0.21%	$79.0m	2.64M	+0.5% Added
CMECME Group	0.20%	$76.3m	345.4K	−2.2% Reduced
HLTHilton Worldwide	0.20%	$75.0m	227.1K	−17.1% Reduced
RSGRepublic Services	0.20%	$74.4m	349.2K	+17.2% Added
GWREGuidewire Software, Inc.	0.20%	$73.2m	594.9K	+303.7% Added
DKSDick's Sporting Goods, Inc.	0.19%	$71.7m	316.1K	+10.1% Added
CBOECboe Global Markets	0.19%	$70.8m	291.8K	−3.1% Reduced
TFCTruist Financial	0.16%	$60.5m	1.21M	−2.7% Reduced
CNHCNH Industrial N.V.	0.16%	$59.6m	5.31M	+85.3% Added
REGNRegeneron Pharmaceuticals	0.16%	$59.5m	95.4K	−2.2% Reduced
ABTAbbott Laboratories	0.16%	$59.0m	650.6K	+1.8% Added
ALLAllstate	0.15%	$55.4m	232.7K	−3.1% Reduced
WRBW. R. Berkley Corporation	0.15%	$55.0m	779.8K	−3.3% Reduced
DHID. R. Horton	0.14%	$53.7m	329.4K	−3.4% Reduced
MDLNMedline Inc.	0.14%	$53.6m	1.36M	+37.4% Added
ORLYO'Reilly Automotive	0.14%	$53.0m	575.5K	−2.8% Reduced
NICENice Ltd.	0.14%	$51.5m	567.1K	+4.2% Added
SNOWSnowflake Inc.	0.14%	$50.7m	199.0K	New
IRIngersoll Rand	0.13%	$50.2m	611.9K	−3.1% Reduced
BSXBoston Scientific	0.13%	$50.1m	1.17M	−85.3% Reduced
RCLRoyal Caribbean Group	0.13%	$49.0m	154.5K	−39.3% Reduced
HOODRobinhood Markets	0.12%	$45.5m	454.1K	+159.0% Added
CMGChipotle Mexican Grill	0.12%	$43.7m	1.29M	−29.7% Reduced
PNRPentair	0.11%	$40.6m	529.5K	−3.3% Reduced
ADSKAutodesk, Inc.	0.11%	$40.0m	205.6K	−2.4% Reduced
TERTeradyne	0.10%	$37.9m	78.4K	−3.7% Reduced
DDOGDatadog, Inc.	0.09%	$33.9m	130.2K	−2.5% Reduced
ROKRockwell Automation	0.08%	$30.2m	60.9K	−3.3% Reduced
PODDInsulet Corporation	0.07%	$27.1m	177.8K	+5.2% Added
RTORentokil Initial PLC	0.07%	$25.8m	901.3K	+8426.5% Added
PWRQuanta Services	0.07%	$25.3m	35.1K	−23.5% Reduced
MPWRMonolithic Power Systems, Inc.	0.07%	$24.3m	17.6K	−3.3% Reduced
FDXFFedEx Freight	0.06%	$23.5m	155.3K	New
VIKViking Holdings Ltd	0.06%	$22.9m	219.0K	+982.5% Added
NETCloudflare, Inc.	0.06%	$22.1m	90.2K	−28.9% Reduced
WCNWaste Connections, Inc.	0.06%	$22.0m	131.9K	+4.9% Added
FIXComfort Systems USA	0.06%	$22.0m	11.1K	New
NTRANatera, Inc.	0.06%	$21.1m	77.6K	+3.8% Added
SNDKSandisk	0.05%	$19.6m	8.6K	−89.3% Reduced
TTTrane Technologies	0.05%	$18.8m	38.2K	−2.9% Reduced
RVMDRevolution Medicines, Inc.	0.05%	$18.7m	100.0K	New
LITELumentum	0.05%	$18.4m	21.4K	New
ALABAstera Labs, Inc.	0.05%	$18.2m	37.7K	New
CDNSCadence Design Systems Inc	0.05%	$17.5m	46.5K	−2.8% Reduced
MELIMercadolibre Inc	0.04%	$16.6m	9.8K	−2.6% Reduced
SGISomnigroup International Inc.	0.04%	$16.2m	206.7K	+8.8% Added
IDXXIdexx Laboratories	0.04%	$15.5m	29.4K	−10.2% Reduced
RKLBRocket Lab Corp	0.04%	$13.9m	136.9K	+29.0% Added
ROIVRoivant Sciences Ltd.	0.04%	$13.0m	367.2K	New
BLDRBuilders Firstsource, Inc.	0.04%	$13.0m	144.9K	−3.0% Reduced
TWSTTwist Bioscience Corp	0.03%	$12.3m	120.0K	New
MSCIMSCI	0.03%	$11.7m	20.9K	−12.6% Reduced
PTCPTC Inc.	0.03%	$10.6m	93.1K	−13.9% Reduced
RDDTReddit, Inc.	0.02%	$7.7m	44.3K	+22.6% Added
METAMeta Platforms	0.01%	$5.5m	9.7K	+149.1% Added
ASMLAsml Holding NV	0.01%	$2.3m	1.2K	−56.5% Reduced
ISRGIntuitive Surgical	0.01%	$1.9m	4.7K	+4.1% Added
APPFAppfolio Inc	0.01%	$1.8m	11.5K	+7.7% Added
NFLXNetflix	0.01%	$1.7m	24.2K	−15.4% Reduced
SHOPShopify Inc.	0.00%	$1.4m	12.2K	+4.1% Added
ARESAres Management	0.00%	$829,260	7.5K	+0.3%
CCEPCoca-cola Europacific Partners plc	0.00%	$346,843	3.5K	+0.8% Added
CRHCRH plc	0.00%	$341,758	3.2K	+0.8% Added
CBChubb Limited	0.00%	$334,947	983	+0.7% Added

Company	Bought (value)	Shares
KLACKLA Corporation	$1.2bn	3.86M
DASHDoorDash	$699.2m	3.79M
GEVGE Vernova	$524.6m	446.6K
HUBBHubbell Incorporated	$455.9m	871.4K
MSFTMicrosoft Corporation	$184.0m	493.2K
KOThe Coca-Cola Company	$149.9m	1.84M
WMBWilliams Companies	$87.1m	1.17M
TMOThermo Fisher Scientific	$67.7m	134.9K
GWREGuidewire Software, Inc.	$55.1m	447.5K
FERGFerguson Enterprises	$53.2m	224.3K
SNOWSnowflake Inc.	$50.7m	199.0K
VMCVulcan Materials Company	$47.9m	162.4K
ODFLOld Dominion	$44.9m	207.4K
SHWSherwin-Williams	$37.8m	109.8K
HOODRobinhood Markets	$28.0m	278.8K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
LLYLilly (Eli)	−$491.8m	−410.0K
CRMSalesforce	−$364.0m	−1.95M
GOOGLAlphabet Inc. (Class A)	−$340.9m	−954.0K
VRSKVerisk Analytics, Inc.	−$334.1m	−1.76M
AMATApplied Materials	−$325.7m	−450.5K
BSXBoston Scientific	−$291.5m	−6.83M
AMDAdvanced Micro Devices	−$217.5m	−374.4K
NVDANVIDIA Corporation	−$197.1m	−984.8K
SNDKSandisk	−$163.0m	−71.7K
DEDeere & Company	−$157.5m	−248.3K
ORealty Income	−$155.0m	−2.50M
MUMicron Technology	−$130.1m	−112.7K
WDCWestern Digital	−$126.7m	−198.3K
AMZNAmazon	−$109.9m	−460.9K
AAPLApple Inc.	−$103.2m	−356.5K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
CRMSalesforce	$364.0m	1.95M
VRSKVerisk Analytics, Inc.	$334.1m	1.76M
BIOBio-rad Laboratories, Inc.	$70.9m	254.3K
BILLBILL Holdings, Inc.	$63.7m	1.66M
TRUTransunion	$61.6m	891.0K
BRBroadridge Financial Solutions	$42.1m	258.8K
MTDMettler Toledo	$17.5m	13.9K
ALNYAlnylam Pharmaceuticals, Inc.	$16.2m	49.0K
PCORProcore Technologies, Inc.	$16.1m	282.9K
INSMInsmed Inc	$11.4m	69.5K
BROBrown & Brown	$4.2m	64.1K

Technology32.5%
Industrials16.4%
Financials12.1%
Consumer Discretionary12.1%
Health Care9.6%
Communication Services5.7%
Materials4.8%
Consumer Staples3.8%
Real Estate2.4%
Utilities0.5%
Energy0.2%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestAugust 2, 2013 to November 2, 2026	+14.0%	+13.8%	0.78	0.76	−29.5%	0.97
2018 onwardsJanuary 5, 2018 to November 2, 2026	+12.8%	+13.9%	0.61	0.66	−29.5%	0.96
Last three yearsNovember 3, 2023 to November 2, 2026	+16.2%	+21.8%	0.86	1.16	−14.9%	0.90
Last yearNovember 7, 2025 to November 2, 2026	+11.1%	+14.2%	0.61	0.84	−10.9%	0.87

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.