Parnassus Investments, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 9, 2024), Parnassus Investments, LLC reported 135 stock positions worth $46.8 billion. Its top holding was Microsoft (MSFT) at 5.6% of the portfolio, followed by Alphabet Class A (GOOGL, 4.5%) and Nvidia (NVDA, 4.0%). Compared with Q4 2023, it opened 12 new positions, sold out of 7, added to 30 and reduced 68. The biggest buy was a new position in Broadcom (AVGO) and the biggest sale Gilead Sciences (GILD, shares −88%).

Most Recent 13F
Q2 2026
Location
San Francisco, CA
CIK
0000948669
Portfolio Value
$46.8B (Q1 2024)
SEC Filing
0001172661-24-002099 ↗ filed May 9, 2024

Holdings Value

0$10.0B$20.0B$30.0B$40.0B$50.0B Q1 2024: $46.8B $46.8B Q1 2024 Q2 2024: $45.9B Q2 2024 Q3 2024: $47.1B Q3 2024 Q4 2024: $45.0B Q4 2024 Q1 2025: $41.6B Q1 2025 Q2 2025: $43.4B Q2 2025 Q3 2025: $43.3B Q3 2025 Q4 2025: $38.6B Q4 2025 Q1 2026: $34.1B Q1 2026 Q2 2026: $37.4B Q2 2026

Holdings 135 stocks · $46.8B
MSFT Microsoft Corp. 5.65% 6,280,479 $2.6B Reduce -1.4%
GOOGL Alphabet Inc. Class A 4.47% 13,854,925 $2.1B Reduce -2.0%
NVDA Nvidia Corp. 3.98% 2,059,935 $1.9B Reduce -0.7%
CRM Salesforce Inc. 3.71% 5,771,089 $1.7B Reduce -3.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 3.51% 43,324,384 $1.6B Add +7.0%
DE Deere & Co. 3.35% 3,820,582 $1.6B Reduce -0.9%
BALL Ball Corp. 3.07% 21,347,271 $1.4B Add +1.4%
MA Mastercard Inc. Class A 3.06% 2,968,686 $1.4B Reduce -1.7%
AAPL Apple Inc. 3.00% 8,172,593 $1.4B Reduce -1.0%
CME Cme Group Inc. 2.51% 5,445,695 $1.2B Reduce -3.9%
ICE Intercontinental Exchange Inc. 2.39% 8,148,784 $1.1B Reduce -3.3%
LIN Linde PLC 2.39% 2,407,737 $1.1B Reduce -2.6%
ORCL Oracle Corp. 2.29% 8,533,922 $1.1B Reduce -41.5%
CI The Cigna Group 2.25% 2,900,830 $1.1B Add +8.2%
FISV Fiserv Inc. 2.23% 6,541,472 $1.0B Reduce -3.5%
INTC Intel Corp. 2.21% 23,418,969 $1.0B Reduce -0.8%
SPGI S&P Global Inc. 2.18% 2,402,595 $1.0B Reduce -2.6%
WM Waste Management Inc. 2.13% 4,671,683 $995.8M Reduce -2.7%
AMAT Applied Materials Inc. 1.95% 4,429,479 $913.5M Reduce -1.0%
SHW The Sherwin-Williams Co. 1.88% 2,530,034 $878.8M Reduce -13.9%
AZO AutoZone Inc. 1.87% 277,679 $875.1M Add +14.0%
MRSH Marsh & McLennan Cos 1.86% 4,218,168 $868.9M Reduce -1.0%
INTU Intuit Inc. 1.84% 1,324,650 $861.0M Reduce -1.0%
SYY Sysco Corp. 1.71% 9,842,831 $799.0M Reduce -10.2%
TMO Thermo Fisher Scientific Inc. 1.70% 1,372,243 $797.6M Reduce -1.0%
CHTR Charter Communications Inc. Class A 1.61% 2,599,026 $755.4M Add +60.4%
VZ Verizon Communications Inc. 1.60% 17,832,860 $748.3M Add +242.2%
DHI D.R. Horton Inc. 1.56% 4,424,810 $728.1M Reduce -10.4%
DHR Danaher Corp. 1.53% 2,862,963 $714.9M Reduce -1.0%
MU Micron Technology Inc. 1.47% 5,820,431 $686.2M Add +224.0%
PG The Procter & Gamble Co. 1.33% 3,844,268 $623.7M Reduce -1.0%
MAR Marriott International Class A 1.31% 2,433,030 $613.9M Reduce -1.0%
AVGO Broadcom Inc. 1.26% 446,035 $591.2M New
COST Costco Wholesale Corp. 1.20% 769,447 $563.7M Reduce -0.9%
EFX Equifax Inc. 1.18% 2,065,043 $552.4M Reduce -1.0%
VRSK Verisk Analytics Inc. 1.09% 2,155,066 $508.0M Reduce -3.0%
MDLZ Mondelez International Inc. Class A 1.00% 6,701,174 $469.1M Reduce -1.0%
ADBE Adobe Inc. 0.71% 663,014 $334.6M Add +12.5%
O Realty Income Corp. 0.70% 6,037,163 $326.6M New
NTR Nutrien Ltd. 0.61% 5,262,170 $285.8M Reduce -56.2%
FIS Fidelity National Info Serv 0.58% 3,632,502 $269.5M Reduce -19.7%
ROST Ross Stores Inc. 0.50% 1,578,867 $231.7M Reduce -26.3%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.49% 3,975,054 $229.0M Reduce -17.2%
PGR Progressive Corp. 0.39% 882,681 $182.6M Reduce -50.0%
A Agilent Technologies Inc. 0.36% 1,159,801 $168.8M Reduce -33.4%
CBRE CBRE Group Inc. Class A 0.35% 1,670,819 $162.5M Add +49.2%
GPN Global Payments Inc. 0.32% 1,128,745 $150.9M No change
GWRE Guidewire Software Inc. 0.29% 1,169,946 $136.5M Add +215.9%
SCHW Schwab (charles) Corp. 0.29% 1,868,905 $135.2M No change
CMI Cummins Inc. 0.29% 455,464 $134.2M No change
ALGN Align Technology Inc. 0.28% 396,603 $130.1M No change
ODFL Old Dominion Freight Line 0.27% 585,452 $128.4M Reduce -13.8%
CBOE Cboe Global Markets Inc. 0.26% 668,988 $122.9M Reduce -36.9%
SPG Simon Property Group Inc. 0.26% 777,470 $121.7M Reduce -14.9%
C Citigroup Inc. 0.26% 1,922,087 $121.6M No change
IQV Iqvia Holdings Inc. 0.26% 476,093 $120.4M Reduce -43.3%
AXP American Express Co. 0.25% 523,281 $119.1M Reduce -12.6%
ROP Roper Technologies Inc. 0.25% 211,572 $118.7M Reduce -35.3%
KLAC KLA Corp. 0.24% 163,633 $114.3M Reduce -45.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.24% 926,321 $113.3M No change
TRU Transunion 0.24% 1,399,409 $111.7M Reduce -41.7%
BR Broadridge Financial Solutio 0.24% 542,280 $111.1M Reduce -31.8%
HOLX Hologic Inc. 0.24% 1,424,161 $111.0M Reduce -50.8%
FTNT Fortinet Inc. 0.23% 1,609,112 $109.9M Add +17.8%
ORLY O'reilly Automotive Inc. 0.23% 96,072 $108.5M Reduce -21.8%
UNP Union Pacific Corp. 0.23% 436,475 $107.3M No change
GILD Gilead Sciences Inc. 0.22% 1,432,811 $105.0M Reduce -88.0%
RSG Republic Services Inc. 0.22% 530,029 $101.5M Reduce -23.9%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.21% 1,119,740 $97.9M Add +325.2%
WDC Western Digital Corp. 0.21% 1,414,870 $96.6M No change
BAX Baxter International Inc. 0.20% 2,222,045 $95.0M No change
ALL Allstate Corp. 0.20% 542,743 $93.9M New
OTIS Otis Worldwide Corp. 0.20% 924,665 $91.8M Reduce -44.0%
TFC Truist Financial Corp. 0.19% 2,337,761 $91.1M Reduce -9.2%
WDAY Workday Inc. Class A 0.19% 326,611 $89.1M Reduce -28.8%
PFE Pfizer Inc. 0.19% 3,185,839 $88.4M New
FDX FedEx Corp. 0.19% 301,210 $87.3M No change
DOX Amdocs Ltd. 0.18% 950,522 $85.9M Reduce -59.4%
POOL Pool Corp. 0.18% 209,949 $84.7M Reduce -36.0%
FERG Ferguson Jersey Ltd. 0.18% 377,273 $82.4M Add +12285.9%
BIO Bio-Rad Laboratories-A 0.18% 237,790 $82.2M No change
AVTR Avantor Inc. 0.18% 3,214,576 $82.2M Reduce -53.7%
XYL Xylem Inc. 0.18% 635,241 $82.1M Reduce -50.3%
XYZ Block Inc. 0.17% 940,723 $79.6M Add +12.8%
ADSK Autodesk Inc. 0.17% 299,695 $78.0M Reduce -35.1%
CNH CNH Industrial NV 0.17% 6,014,226 $77.9M Reduce -32.9%
BIIB Biogen Inc. 0.17% 360,742 $77.8M No change
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.17% 874,703 $77.4M New
BMRN Biomarin Pharmaceutical Inc. 0.16% 873,001 $76.2M Reduce -52.8%
JBHT Hunt (jb) Transprt SVCS Inc. 0.15% 361,692 $72.1M New
RGEN Repligen Corp. 0.15% 388,423 $71.4M Reduce -29.4%
LRCX Lam Research Corp. 0.15% 73,140 $71.1M Reduce -40.8%
IDA Idacorp Inc. 0.14% 717,837 $66.7M Reduce -31.9%
CSCO Cisco Systems Inc. 0.14% 1,324,420 $66.1M No change
TSM Taiwan Semiconductor-SP ADR 0.14% 480,981 $65.4M Add +0.2%
HLT Hilton Worldwide Holdings Inc. 0.14% 302,898 $64.6M Reduce -65.4%
CMCSA Comcast Corp. Class A 0.14% 1,460,416 $63.3M Reduce -45.0%
BEPC Brookfield Renewable Cor-A 0.14% 2,572,928 $63.2M Reduce -60.4%
NICE Nice Ltd. - Spon ADR 0.13% 235,097 $61.3M New
PNR Pentair PLC 0.11% 610,373 $52.2M Reduce -53.8%
ARE Alexandria Real Estate Equit 0.11% 388,378 $50.1M Reduce -41.0%
CSGP Costar Group Inc. 0.07% 348,207 $33.6M No change
TER Teradyne Inc. 0.07% 275,652 $31.1M Add +65.0%
CTAS Cintas Corp. 0.06% 42,986 $29.5M No change
MORN Morningstar Inc. 0.06% 94,728 $29.2M No change
TT Trane Technologies PLC 0.06% 89,740 $26.9M No change
IDXX Idexx Laboratories Inc. 0.06% 48,983 $26.4M No change
MTD Mettler-Toledo International 0.05% 17,848 $23.8M Add +39.9%
PTC PTC Inc. 0.05% 119,363 $22.6M New
MELI MercadoLibre Inc. 0.05% 14,467 $21.9M No change
MBB iShares MBS ETF 0.05% 232,752 $21.5M No change
MPWR Monolithic Power Systems Inc. 0.04% 30,663 $20.8M No change
DDOG Datadog Inc. Class A 0.04% 144,377 $17.8M No change
CDNS Cadence Design SYS Inc. 0.04% 54,507 $17.0M No change
LPLA LPL Financial Holdings Inc. 0.03% 56,840 $15.0M Add +79.6%
CPRT Copart Inc. 0.03% 251,100 $14.5M Reduce -25.2%
LULU Lululemon Athletica Inc. 0.03% 33,583 $13.1M No change
PCOR Procore Technologies Inc. 0.02% 136,214 $11.2M Add +0.3%
TEAM Atlassian Corp. Class A 0.02% 38,793 $7.6M New
ALNY Alnylam Pharmaceuticals Inc. 0.01% 38,748 $5.8M No change
AMZN Amazon.com Inc. 0.01% 14,955 $2.7M Add +27.6%
V Visa Inc. Class A 0.00% 6,972 $1.9M Add +32.0%
LLY Eli Lilly & Co. 0.00% 1,641 $1.3M Add +14.1%
UNH Unitedhealth Group Inc. 0.00% 1,783 $882K Add +15.5%
ARES Ares Management Corp. Class A 0.00% 6,442 $857K Add +17.5%
AMD Advanced Micro Devices 0.00% 4,669 $843K Add +28.8%
BSX Boston Scientific Corp. 0.00% 11,459 $785K Add +18.0%
AKAM Akamai Technologies Inc. 0.00% 6,359 $692K New
AZN Astrazeneca PLC-Spons ADR 0.00% 9,611 $651K Add +107.1%
NTRA Natera Inc. 0.00% 7,076 $647K New
ABNB Airbnb Inc. Class A 0.00% 3,270 $539K Add +47.6%
NFLX Netflix Inc. 0.00% 861 $523K Add +22.6%
NET Cloudflare Inc. Class A 0.00% 4,925 $477K Add +25.7%
ISRG Intuitive Surgical Inc. 0.00% 1,062 $424K New
PANW Palo Alto Networks Inc. 0.00% 1,395 $396K Reduce -26.0%
Other holdings (1): bonds, preferreds, convertibles and warrants · $2.7M (not counted above)
SecurityClassShares / PrincipalValueChange
BLOCK INC (XYZ 0 05/01/26) NOTE 5/0 · principal 3,000,000$2.7MNew

Total filed on the 13F, all lines: $46.8B.

Portfolio Sells Q4 2023 → Q1 2024
GILD Gilead Sciences Inc. Reduce -88.0% 0.22% −1.93
ORCL Oracle Corp. Reduce -41.5% 2.29% −1.13
NTR Nutrien Ltd. Reduce -56.2% 0.61% −0.89
TXN Texas Instruments Inc. Sold out 0.00% −0.77
AAPL Apple Inc. Reduce -1.0% 3.00% −0.54
CP Canadian Pacific Kansas City Sold out 0.00% −0.43
INTC Intel Corp. Reduce -0.8% 2.21% −0.42
BEPC Brookfield Renewable Cor-A Reduce -60.4% 0.14% −0.28
DOX Amdocs Ltd. Reduce -59.4% 0.18% −0.27
ANSS Ansys Inc. Sold out 0.00% −0.26
SBAC SBA Communications Corp. Sold out 0.00% −0.25
PGR Progressive Corp. Reduce -50.0% 0.39% −0.23
BMRN Biomarin Pharmaceutical Inc. Reduce -52.8% 0.16% −0.23
SPGI S&P Global Inc. Reduce -2.6% 2.18% −0.23
HOLX Hologic Inc. Reduce -50.8% 0.24% −0.22
HLT Hilton Worldwide Holdings Inc. Reduce -65.4% 0.14% −0.22
SNPS Synopsys Inc. Sold out 0.00% −0.21
A Agilent Technologies Inc. Reduce -33.4% 0.36% −0.18
AVTR Avantor Inc. Reduce -53.7% 0.18% −0.18
IQV Iqvia Holdings Inc. Reduce -43.3% 0.26% −0.17
ROST Ross Stores Inc. Reduce -26.3% 0.50% −0.16
SHW The Sherwin-Williams Co. Reduce -13.9% 1.88% −0.16
CBOE Cboe Global Markets Inc. Reduce -36.9% 0.26% −0.16
XYL Xylem Inc. Reduce -50.3% 0.18% −0.15
CME Cme Group Inc. Reduce -3.9% 2.51% −0.14
KLAC KLA Corp. Reduce -45.6% 0.24% −0.14
ROP Roper Technologies Inc. Reduce -35.3% 0.25% −0.14
OTIS Otis Worldwide Corp. Reduce -44.0% 0.20% −0.13
TRU Transunion Reduce -41.7% 0.24% −0.13
BR Broadridge Financial Solutio Reduce -31.8% 0.24% −0.13
CMCSA Comcast Corp. Class A Reduce -45.0% 0.14% −0.12
DHI D.R. Horton Inc. Reduce -10.4% 1.56% −0.11
POOL Pool Corp. Reduce -36.0% 0.18% −0.11
PNR Pentair PLC Reduce -53.8% 0.11% −0.10
VRSK Verisk Analytics Inc. Reduce -3.0% 1.09% −0.09
WDAY Workday Inc. Class A Reduce -28.8% 0.19% −0.09
IDA Idacorp Inc. Reduce -31.9% 0.14% −0.09
MDLZ Mondelez International Inc. Class A Reduce -1.0% 1.00% −0.09
ADSK Autodesk Inc. Reduce -35.1% 0.17% −0.08
ARE Alexandria Real Estate Equit Reduce -41.0% 0.11% −0.08
CNH CNH Industrial NV Reduce -32.9% 0.17% −0.08
SYY Sysco Corp. Reduce -10.2% 1.71% −0.07
DE Deere & Co. Reduce -0.9% 3.35% −0.07
RGEN Repligen Corp. Reduce -29.4% 0.15% −0.07
BNY Bank of New York Mellon Corp. Reduce -17.2% 0.49% −0.07
LRCX Lam Research Corp. Reduce -40.8% 0.15% −0.06
RSG Republic Services Inc. Reduce -23.9% 0.22% −0.04
ODFL Old Dominion Freight Line Reduce -13.8% 0.27% −0.03
SPG Simon Property Group Inc. Reduce -14.9% 0.26% −0.03
FIS Fidelity National Info Serv Reduce -19.7% 0.58% −0.03

Portfolio Buys Q4 2023 → Q1 2024
AVGO Broadcom Inc. New 1.26% +1.26
VZ Verizon Communications Inc. Add +242.2% 1.60% +1.16
MU Micron Technology Inc. Add +224.0% 1.47% +1.13
O Realty Income Corp. New 0.70% +0.70
BAC Bank of America Corp. Add +7.0% 3.51% +0.48
AZO AutoZone Inc. Add +14.0% 1.87% +0.47
CI The Cigna Group Add +8.2% 2.25% +0.47
BALL Ball Corp. Add +1.4% 3.07% +0.38
CHTR Charter Communications Inc. Class A Add +60.4% 1.61% +0.22
GWRE Guidewire Software Inc. Add +215.9% 0.29% +0.20
ALL Allstate Corp. New 0.20% +0.20
PFE Pfizer Inc. New 0.19% +0.19
FERG Ferguson Jersey Ltd. Add +12285.9% 0.18% +0.17
TTD Trade Desk Inc./the Class A Add +325.2% 0.21% +0.17
WRB WR Berkley Corp. New 0.17% +0.17
JBHT Hunt (jb) Transprt SVCS Inc. New 0.15% +0.15
NICE Nice Ltd. - Spon ADR New 0.13% +0.13
CBRE CBRE Group Inc. Class A Add +49.2% 0.35% +0.12
FTNT Fortinet Inc. Add +17.8% 0.23% +0.06
PTC PTC Inc. New 0.05% +0.05
TSM Taiwan Semiconductor-SP ADR Add +0.2% 0.14% +0.03
XYZ Block Inc. Add +12.8% 0.17% +0.03
TER Teradyne Inc. Add +65.0% 0.07% +0.03
MTD Mettler-Toledo International Add +39.9% 0.05% +0.02
TEAM Atlassian Corp. Class A New 0.02% +0.02
LPLA LPL Financial Holdings Inc. Add +79.6% 0.03% +0.02
PCOR Procore Technologies Inc. Add +0.3% 0.02% +0.00
AMZN Amazon.com Inc. Add +27.6% 0.01% +0.00
AKAM Akamai Technologies Inc. New 0.00% +0.00
NTRA Natera Inc. New 0.00% +0.00
V Visa Inc. Class A Add +32.0% 0.00% +0.00
ISRG Intuitive Surgical Inc. New 0.00% +0.00
LLY Eli Lilly & Co. Add +14.1% 0.00% +0.00
AZN Astrazeneca PLC-Spons ADR Add +107.1% 0.00% +0.00
AMD Advanced Micro Devices Add +28.8% 0.00% +0.00
ABNB Airbnb Inc. Class A Add +47.6% 0.00% +0.00
ARES Ares Management Corp. Class A Add +17.5% 0.00% +0.00
BSX Boston Scientific Corp. Add +18.0% 0.00% +0.00
NFLX Netflix Inc. Add +22.6% 0.00% +0.00
NET Cloudflare Inc. Class A Add +25.7% 0.00% +0.00
UNH Unitedhealth Group Inc. Add +15.5% 0.00% +0.00
ADBE Adobe Inc. Add +12.5% 0.71% −0.07

Notes & Other Activity Q4 2023 → Q1 2024
BLOCK INC (XYZ 0 05/01/26) NOTE 5/0 · principal New 3,000,000 $2.7M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 135$37.4BGOOGL, AMAT, MSFT, NVDA, AMZN
Q1 2026 135$34.1BGOOGL, NVDA, MSFT, AMZN, AAPL
Q4 2025 138$38.6BMSFT, GOOGL, AMZN, NVDA, AAPL
Q3 2025 147$43.3BMSFT, NVDA, GOOGL, AMZN, DE
Q2 2025 148$43.4BMSFT, NVDA, AMZN, GOOGL, DE
Q1 2025 135$41.6BMSFT, AMZN, NVDA, DE, GOOGL
Q4 2024 126$45.0BMSFT, AMZN, NVDA, GOOGL, DE
Q3 2024 126$47.1BMSFT, NVDA, AMZN, GOOGL, O
Q2 2024 129$45.9BMSFT, GOOGL, NVDA, AAPL, CRM
Q1 2024 135$46.8BMSFT, GOOGL, NVDA, CRM, BAC