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Jerome Dodson

Jerome Dodson | PARNX
Mutual Fund

Parnassus Fund
Last update 2022-04-24 39 Stocks (4 new)
Value $909.00 Mil Turnover 16 %
Portfolio Report

Jerome Dodson Profile

Jerome L. Dodson is the Founder and President of Parnassus Investments. He was the lead Portfolio Manager of the Parnassus Fund and the Parnassus Asia Fund and the sole Portfolio Manager of the Parnassus Endeavor Fund until he stopped managing money for the firm at the end of 2020, though he remains Chairman of the Board.
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. Affiliated Managers Group gained control of Parnassus in mid-2021 after acquiring a majority stake in the firm.

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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