Jerome Dodson

Jerome Dodson

Parnassus Fund
Last update 2020-07-16 44 Stocks (26 new)
Value $919.00 Mil Turnover 52 %
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Jerome Dodson Profile

Jerome L. Dodson is the Founder and President of Parnassus Investments. He is the lead Portfolio Manager of the Parnassus Fund and the Parnassus Asia Fund and is the sole Portfolio Manager of the Parnassus Endeavor Fund. Prior to founding Parnassus Investments in 1984, he served as President and Chief Executive Officer of Continental Savings of America from 1976 to 1982, where he started the "Solar T-Bill" program to finance solar energy installations and also developed innovative programs to finance low and moderate income housing. Mr. Dodson received his bachelor's degree in political science from the University of California, Berkeley and his master's degree in business administration from Harvard Business School.

Jerome Dodson Investing Philosophy

The Parnassus Fund invests across the capitalization spectrum with high conviction in approximately 40 holdings. The Fund focuses on identifying companies with:

a) Wide moats or strong competitive advantages that protect market share and profitability
b) Relevancy over the long term, which provides a compounding growth component
c) Quality management teams that will act in the best interest of shareholders
d) Stocks trading at a significant discount to their intrinsic value

The Fund's contrarian approach seeks to invest in companies that are currently out of favor with the majority of investors. The Fund strives to outperform the S&P 500 index with a high active share. The Fund avoids companies engaged in the extraction, exploration, production, manufacturing, or refining of fossil fuels.
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Performance of Parnassus Fund

Year Return % S&P500 % Excess Gain %
2019 29.82 30.58 -0.8
2018 -9.73 -4.57 -5.2
2017 16.08 21.7 -5.6
3-Year Cumulative (2017-2019) 36.03 (10.80/Year) 51.65 (14.89/Year) -15.60 (-4.09/Year)
2016 13.45 12 1.4
2015 0.27 1.24 -1
5-Year Cumulative (2015-2019) 54.75 (9.12/Year) 71.96 (11.45/Year) -17.19 (-2.33/Year)
2014 14.67 13.46 1.2
2013 34.21 32.31 1.9
2012 26.06 15.99 10.1
2011 -5.01 1.9 -6.9
2010 16.7 15.05 1.7
10-Year Cumulative (2010-2019) 232.80 (12.78/Year) 251.03 (13.38/Year) -18.21 (-0.60/Year)
2009 47.93 26.35 21.6
2008 -34.13 -36.79 2.7
2007 5.43 5.15 0.3
2006 14.36 15.84 -1.5
2005 2.55 4.83 -2.3
15-Year Cumulative (2005-2019) 300.96 (9.70/Year) 257.98 (8.87/Year) 42.98 (0.83/Year)
2004 3.89 10.7 -6.8
2003 16.83 28.18 -11.4
2002 -28.05 -21.58 -6.5
2001 7.84 -11.76 19.6
2000 1.98 -9.75 11.7
20-Year Cumulative (2000-2019) 285.08 (6.97/Year) 217.22 (5.94/Year) 67.86 (1.03/Year)
1999 47.74 20.38 27.4
1998 1.4 28.69 -27.3
1997 29.69 33.49 -3.8
1996 11.68 22.5 -10.8
1995 0.62 38.06 -37.4
25-Year Cumulative (1995-2019) 740.72 (8.89/Year) 1009.46 (10.10/Year) -268.74 (-1.19/Year)
1994 11.98 0.38 11.6
1993 17.31 10.08 7.2
1992 36.8 7.62 29.2
1991 52.56 30.47 22.1
1990 -21.16 -3.1 -18.1
30-Year Cumulative (1990-2019) 1717.20 (10.15/Year) 1568.00 (9.83/Year) 149.20 (0.32/Year)
1989 2.86 31.69 -28.8
1988 42.39 16.61 25.8
1987 -7.95 5.1 -13
1986 2.39 18.6 -16.2
1985 18.6 31.6 -13

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