Parnassus Investments 13F, Q2 2025
Parnassus Investments · quarter ending 30 June 2025 · filed 6 August 2025 · SEC CIK 948669
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q2 2025
The 25 largest of 148 positions. Weights are against the whole filed book. Changes are in shares held, against the Q1 2025 filing.
| Company | Ticker | Value | % of book | vs Q1 2025 |
|---|---|---|---|---|
| MICROSOFT CORP | MSFT | $2.61B | 6.0% | -19% shares |
| NVIDIA CORPORATION | NVDA | $2.28B | 5.3% | unchanged |
| AMAZON COM INC | AMZN | $2.27B | 5.2% | unchanged |
| ALPHABET INC | GOOGL | $1.74B | 4.0% | +2% shares |
| DEERE & CO | DE | $1.59B | 3.7% | -2% shares |
| WASTE MGMT INC DEL | WM | $1.31B | 3.0% | -4% shares |
| BROADCOM INC | AVGO | $1.25B | 2.9% | -5% shares |
| DANAHER CORPORATION | DHR | $1.25B | 2.9% | +65% shares |
| INTERCONTINENTAL EXCHANGE IN | ICE | $1.22B | 2.8% | -4% shares |
| MASTERCARD INCORPORATED | MA | $1.20B | 2.8% | -4% shares |
| S&P GLOBAL INC | SPGI | $1.07B | 2.5% | -3% shares |
| REALTY INCOME CORP | O | $1.06B | 2.4% | -3% shares |
| LINDE PLC | $1.01B | 2.3% | +5% shares | |
| AUTOZONE INC | AZO | $936.06M | 2.2% | -3% shares |
| BANK AMERICA CORP | BAC | $922.33M | 2.1% | -4% shares |
| INTUIT | INTU | $893.36M | 2.1% | -3% shares |
| THERMO FISHER SCIENTIFIC INC | TMO | $877.93M | 2.0% | +52% shares |
| BROWN & BROWN INC | BRO | $777.99M | 1.8% | -3% shares |
| VERTEX PHARMACEUTICALS INC | VRTX | $761.93M | 1.8% | -4% shares |
| SYNOPSYS INC | SNPS | $759.43M | 1.8% | +9% shares |
| APPLE INC | AAPL | $740.23M | 1.7% | -3% shares |
| FISERV INC | FISV | $724.76M | 1.7% | -3% shares |
| STRYKER CORPORATION | SYK | $707.38M | 1.6% | -3% shares |
| FERGUSON ENTERPRISES INC | FERG | $684.30M | 1.6% | -4% shares |
| WORKDAY INC | WDAY | $682.95M | 1.6% | -5% shares |
What changed since Q1 2025
Against the Q1 2025 filing, Parnassus Investments opened 22 new positions, added to 29, trimmed 84, left 13 unchanged and exited 9. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- WILLIS TOWERS WATSON PLC LTD$104.64M
- ALCON AG$80.94M
- REGN$53.07M
- CSGP$52.69M
- VMC$51.59M
- WMT$45.57M
- ROYAL CARIBBEAN GROUP$18.90M
- SARO$16.33M
and 14 more
Exited
- PFEwas $111.54M
- SPGwas $111.36M
- GPNwas $107.52M
- BAXwas $78.83M
- GILDwas $72.00M
- HO1was $44.90M
- FTNTwas $38.92M
- KEYwas $36.32M
and 1 more
Other quarters
Source: SEC Form 13F-HR, accession 0001172661-25-002910, filed by PARNASSUS INVESTMENTS, LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.