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Parnassus Value Equity Fund | PARWXMutual Fund | |
| Parnassus Value Equity Fund | |
| Last update 2025-04-11 | 45 Stocks (2 new) |
| Value $4.48 Bil | Turnover 5 % |
Parnassus Value Equity Fund Profile
Part of Jerome Dodson’s Parnassus Investments, the Parnassus Value Equity Fund is a fossil-fuel-free and positive workplace fund that selects deeply discounted, out-of-favor stocks with a wider range of expected outcomes. Mr. Dodson was the portfolio manager of the Fund until he stepped back from fund management at the end of 2020, after which Billy Hwan became the new portfolio manager the fund. Affiliated Managers Group gained control of Parnassus in mid-2021 after acquiring a majority stake in the firm. The fund was previously known as the Parnassus Endeavor Fund until its name changed on Dec. 30, 2022.
Parnassus Value Equity Fund Investing Philosophy
The Parnassus Value Equity Fund invests in U.S. large-cap companies with long-term competitive advantages and relevancy, quality management teams and positive performance on ESG criteria The fund holds companies with outstanding workplaces and avoids investments in fossil fuels.
The portfolio managers seek to outperform the S&P 500 Index by purchasing the stocks of quality companies when they are deeply discounted. The managers are willing to accept the widest range of outcomes of the Parnassus funds for stocks they believe are only temporarily trading at low prices.
The portfolio managers seek to outperform the S&P 500 Index by purchasing the stocks of quality companies when they are deeply discounted. The managers are willing to accept the widest range of outcomes of the Parnassus funds for stocks they believe are only temporarily trading at low prices.
Parnassus Value Equity Fund Top Holdings of 2025-03-31
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| Ticker | | Company | Shares | Value ($1000) | Shares Change % | Weighting % | Trade Impact % | % of Shares outstanding | 3M Change % | YTD Change % | Market Cap $Mil | Industry |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPGI | S&P Global Inc | 339,991 | 172,749.4 | 0% | 3.860 | 0% | 0.110 | +13.53% | +6.22% | 161,643.3 | Capital Markets | |
DE | Deere & Co | 348,570 | 163,601.3 | 0% | 3.650 | 0% | 0.130 | +11.96% | +21.74% | 138,774.5 | Farm & Heavy Construction Machinery | |
SYY | Sysco Corp | 2,040,678 | 153,132.5 | 0% | 3.420 | 0% | 0.420 | +9.86% | +2.58% | 37,248.3 | Retail - Defensive | |
BAC | Bank of America Corp | 3,615,546 | 150,876.7 | 0% | 3.370 | 0% | 0.050 | +30.75% | +7.63% | 351,964.6 | Banks | |
VZ | Verizon Communications Inc | 3,297,608 | 149,579.5 | -6.68% | 3.340 | -0.20% | 0.080 | -3.29% | +9.36% | 175,480.5 | Telecommunication Services | |
MA | Mastercard Inc | 266,875 | 146,279.5 | 0% | 3.270 | 0% | 0.030 | +8.08% | +4.95% | 499,608.6 | Credit Services | |
CBRE | CBRE Group Inc | 1,083,812 | 141,740.9 | -6.25% | 3.170 | -0.20% | 0.360 | +21.17% | +7.02% | 41,883.7 | Real Estate | |
BK | Bank of New York Mellon Corp | 1,479,672 | 124,100.1 | -7.84% | 2.770 | -0.20% | 0.210 | +21.41% | +23.42% | 67,050.5 | Banks | |
BALL | Ball Corp | 2,308,169 | 120,186.4 | 0% | 2.680 | 0% | 0.820 | +21.71% | +6.57% | 16,176.2 | Packaging & Containers | |
PGR | Progressive Corp | 411,589 | 116,483.8 | -8.38% | 2.600 | -0.19% | 0.070 | -11.09% | +4.29% | 143,613.1 | Insurance |
Parnassus Value Equity Fund's Historical Top Holdings Breakdowns
Parnassus Value Equity Fund's Top Stock Picks
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| Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
|---|---|---|---|---|---|---|---|---|---|---|---|
ROST | Ross Stores Inc | 2025-03-31 | Sold Out Sold Out | -2.13% | 123.3 ($139.96) 154.95 | $131.17 | -6.28% | Sold Out | 0 | -676,514 | |
JPM | JPMorgan Chase & Co | 2025-03-31 | New Buy New Buy | +2.05% | 225.19 ($254.94) 279.95 | $286.86 | 12.52% | New holding | 373,822 | 373,822 | |
ALGN | Align Technology Inc | 2025-03-31 | Sold Out Sold Out | -1.44% | 158.86 ($196.3) 234.89 | $202.28 | 3.05% | Sold Out | 0 | -330,007 | |
AMD | Advanced Micro Devices Inc | 2025-03-31 | New Buy New Buy | +1.10% | 96.63 ($111.19) 129.55 | $146.42 | 31.68% | New holding | 479,833 | 479,833 | |
GILD | Gilead Sciences Inc | 2025-03-31 | Reduce Reduce | -0.98% | 89.14 ($103.18) 117.41 | $109.64 | 6.26% | Reduce -44.21% | 642,590 | -509,284 | |
C | Citigroup Inc | 2025-03-31 | Reduce Reduce | -0.69% | 67.23 ($76.25) 84.63 | $86.73 | 13.74% | Reduce -27.42% | 1,252,436 | -473,251 | |
SCHW | Charles Schwab Corp | 2025-03-31 | Reduce Reduce | -0.60% | 71.24 ($78.48) 83.64 | $91.97 | 17.19% | Reduce -23.01% | 1,304,674 | -389,960 | |
GOOGL | Alphabet Inc | 2025-03-31 | Reduce Reduce | -0.59% | 154.33 ($181.36) 206.38 | $180.19 | -0.65% | Reduce -21.03% | 561,509 | -149,519 | |
NVO | Novo Nordisk AS | 2025-03-31 | Add Add | +0.52% | 69.3 ($82.59) 90.95 | $68.93 | -16.54% | Add 55.98% | 926,083 | 332,361 | |
AVGO | Broadcom Inc | 2025-03-31 | Reduce Reduce | -0.42% | 167.43 ($211.65) 244.7 | $274.38 | 29.64% | Reduce -14.6% | 503,489 | -86,061 |
Parnassus Value Equity Fund Total Holding History ($B)
Parnassus Value Equity Fund's Asset Allocation
Parnassus Value Equity Fund Past Portfolios
| Portfolio Date | Number of Stocks | New Stocks | Total Value ($Mil) | Q/Q Turnover |
|---|---|---|---|---|
Top Ranked Articles
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Parnassus Value Equity Fund's Hypothetical Growth since 2025-03-31
Parnassus Value Equity Fund's Yearly Returns
| Year | Portfolio % | % | Excess Gain % |
|---|
Parnassus Value Equity Fund's Holdings Heat Map
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Parnassus Value Equity Fund's Holdings Bubble Chart
Parnassus Value Equity Fund News
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