Parnassus Value Equity Fund

Parnassus Value Equity Fund | PARWX

Mutual Fund
Parnassus Value Equity Fund
Last update 2025-04-11 45 Stocks (2 new)
Value $4.48 Bil Turnover 5 %
Countries:

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.
Parnassus Value Equity Fund Top Holdings of 2025-03-31 View Full List
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
+8.42%
+6.73%
162,422.3
Capital Markets
DE
Deere & Co
348,570
163,601.3
0%
3.650
0%
0.130
+16.80%
+23.78%
141,092.8
Farm & Heavy Construction Machinery
SYY
Sysco Corp
2,040,678
153,132.5
0%
3.420
0%
0.420
+3.77%
+3.03%
37,413.1
Retail - Defensive
BAC
Bank of America Corp
3,615,546
150,876.7
0%
3.370
0%
0.050
+32.24%
+12.69%
368,534.7
Banks
VZ
Verizon Communications Inc
3,297,608
149,579.5
-6.68%
3.340
-0.20%
0.080
-3.01%
+12.61%
183,617.9
Telecommunication Services
MA
Mastercard Inc
266,875
146,279.5
0%
3.270
0%
0.030
+7.46%
+8.43%
516,916.7
Credit Services
CBRE
CBRE Group Inc
1,083,812
141,740.9
-6.25%
3.170
-0.20%
0.360
+15.62%
+9.06%
42,682.7
Real Estate
BK
Bank of New York Mellon Corp
1,479,672
124,100.1
-7.84%
2.770
-0.20%
0.210
+16.38%
+21.72%
66,127.6
Banks
BALL
Ball Corp
2,308,169
120,186.4
0%
2.680
0%
0.820
+16.73%
+7.34%
16,292.7
Packaging & Containers
PGR
Progressive Corp
411,589
116,483.8
-8.38%
2.600
-0.19%
0.070
-8.79%
+11.39%
153,391.3
Insurance

Parnassus Value Equity Fund's Historical Top Holdings Breakdowns

Parnassus Value Equity Fund's Top Stock Picks View Full List
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
$131.55
-6.01%
Sold Out
0
-676,514
JPM
JPMorgan Chase & Co
2025-03-31
New Buy
New Buy
+2.05%
225.19 ($254.94) 279.95
$296.00
16.11%
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
$196.82
0.26%
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
$137.91
24.03%
New holding
479,833
479,833
GILD
Gilead Sciences Inc
2025-03-31
Reduce
Reduce
-0.98%
89.14 ($103.18) 117.41
$111.75
8.31%
Reduce -44.21%
642,590
-509,284
C
Citigroup Inc
2025-03-31
Reduce
Reduce
-0.69%
67.23 ($76.25) 84.63
$88.72
16.35%
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
$91.48
16.56%
Reduce -23.01%
1,304,674
-389,960
GOOGL
Alphabet Inc
2025-03-31
Reduce
Reduce
-0.59%
154.33 ($181.36) 206.38
$179.53
-1.01%
Reduce -21.03%
561,509
-149,519
NVO
Novo Nordisk AS
2025-03-31
Add
Add
+0.52%
69.3 ($82.59) 90.95
$69.17
-16.25%
Add 55.98%
926,083
332,361
AVGO
Broadcom Inc
2025-03-31
Reduce
Reduce
-0.42%
167.43 ($211.65) 244.7
$275.18
30.02%
Reduce -14.6%
503,489
-86,061

Parnassus Value Equity Fund Total Holding History ($B)

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Parnassus Value Equity Fund's Asset Allocation

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Parnassus Value Equity Fund Past Portfolios

Portfolio Date Number of Stocks New Stocks Total Value ($Mil) Q/Q Turnover

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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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