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Parnassus Value Equity Fund | PARWXMutual Fund | |
| Parnassus Value Equity Fund | |
| Last update 2024-04-11 | 44 Stocks (3 new) |
| Value $5.22 Bil | Turnover 5 % |
| Portfolio Report | |
Parnassus Value Equity Fund Profile
Part of Jerome Dodson’s Parnassus Investments, the Parnassus Value Equity Fund is a fossil-fuel-free and positive workplace fund that selects deeply discounted, out-of-favor stocks with a wider range of expected outcomes. Mr. Dodson was the portfolio manager of the Fund until he stepped back from fund management at the end of 2020, after which Billy Hwan became the new portfolio manager the fund. Affiliated Managers Group gained control of Parnassus in mid-2021 after acquiring a majority stake in the firm. The fund was previously known as the Parnassus Endeavor Fund until its name changed on Dec. 30, 2022.
Parnassus Value Equity Fund Investing Philosophy
The Parnassus Value Equity Fund invests in U.S. large-cap companies with long-term competitive advantages and relevancy, quality management teams and positive performance on ESG criteria The fund holds companies with outstanding workplaces and avoids investments in fossil fuels.
The portfolio managers seek to outperform the S&P 500 Index by purchasing the stocks of quality companies when they are deeply discounted. The managers are willing to accept the widest range of outcomes of the Parnassus funds for stocks they believe are only temporarily trading at low prices.
The portfolio managers seek to outperform the S&P 500 Index by purchasing the stocks of quality companies when they are deeply discounted. The managers are willing to accept the widest range of outcomes of the Parnassus funds for stocks they believe are only temporarily trading at low prices.
Parnassus Value Equity Fund's Top Stock Picks
View Full List
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| Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
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Parnassus Value Equity Fund Total Holding History ($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 2024-03-31
Parnassus Value Equity Fund's Yearly Returns
| Year | Portfolio % | % | Excess Gain % |
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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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