Parnassus Investments, LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 6, 2024), Parnassus Investments, LLC reported 129 stock positions worth $45.9 billion. Its top holding was Microsoft (MSFT) at 5.9% of the portfolio, followed by Alphabet Class A (GOOGL, 5.6%) and Nvidia (NVDA, 5.4%). Compared with Q1 2024, it opened 3 new positions, sold out of 9, added to 35 and reduced 72. The biggest buy was Realty Income (O, shares +277%) and the biggest sale Bank of America (BAC, shares −47%).

Most Recent 13F
Q2 2026
Location
San Francisco, CA
CIK
0000948669
Portfolio Value
$45.9B (Q2 2024)
SEC Filing
0001172661-24-003088 ↗ filed Aug 6, 2024

Holdings Value

0$10.0B$20.0B$30.0B$40.0B$50.0B Q1 2024: $46.8B Q1 2024 Q2 2024: $45.9B $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 129 stocks · $45.9B
MSFT Microsoft Corp. 5.91% 6,067,322 $2.7B Reduce -3.4%
GOOGL Alphabet Inc. Class A 5.58% 14,077,833 $2.6B Add +1.6%
NVDA Nvidia Corp. 5.39% 20,050,293 $2.5B Reduce -2.7%
AAPL Apple Inc. 3.71% 8,088,682 $1.7B Reduce -1.0%
CRM Salesforce Inc. 3.39% 6,055,662 $1.6B Add +4.9%
DE Deere & Co. 3.06% 3,765,562 $1.4B Reduce -1.4%
MA Mastercard Inc. Class A 2.82% 2,936,211 $1.3B Reduce -1.1%
BALL Ball Corp. 2.70% 20,676,752 $1.2B Reduce -3.1%
O Realty Income Corp. 2.62% 22,771,932 $1.2B Add +277.2%
ORCL Oracle Corp. 2.56% 8,323,135 $1.2B Reduce -2.5%
SPGI S&P Global Inc. 2.31% 2,380,667 $1.1B Reduce -0.9%
LIN Linde PLC 2.26% 2,365,261 $1.0B Reduce -1.8%
ICE Intercontinental Exchange Inc. 2.25% 7,539,690 $1.0B Reduce -7.5%
AMAT Applied Materials Inc. 2.19% 4,269,816 $1.0B Reduce -3.6%
CME Cme Group Inc. 2.18% 5,082,612 $999.2M Reduce -6.7%
WM Waste Management Inc. 2.14% 4,600,676 $981.5M Reduce -1.5%
CI The Cigna Group 2.06% 2,863,110 $946.5M Reduce -1.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.01% 23,172,956 $921.6M Reduce -46.5%
AZO AutoZone Inc. 2.01% 310,800 $921.2M Add +11.9%
MRSH Marsh & McLennan Cos 1.92% 4,189,126 $882.7M Reduce -0.7%
AVGO Broadcom Inc. 1.90% 544,270 $873.8M Add +22.0%
FISV Fiserv Inc. 1.88% 5,800,076 $864.4M Reduce -11.3%
INTU Intuit Inc. 1.87% 1,307,124 $859.1M Reduce -1.3%
CHTR Charter Communications Inc. Class A 1.72% 2,642,152 $789.9M Add +1.7%
SHW The Sherwin-Williams Co. 1.61% 2,484,180 $741.4M Reduce -1.8%
VZ Verizon Communications Inc. 1.59% 17,658,614 $728.2M Reduce -1.0%
INTC Intel Corp. 1.56% 23,123,638 $716.1M Reduce -1.3%
COST Costco Wholesale Corp. 1.41% 763,136 $648.7M Reduce -0.8%
TMO Thermo Fisher Scientific Inc. 1.40% 1,163,707 $643.5M Reduce -15.2%
PG The Procter & Gamble Co. 1.37% 3,803,719 $627.3M Reduce -1.1%
ADBE Adobe Inc. 1.36% 1,122,133 $623.4M Add +69.3%
DHI D.R. Horton Inc. 1.35% 4,409,362 $621.4M Reduce -0.3%
SYY Sysco Corp. 1.34% 8,600,017 $614.0M Reduce -12.6%
DHR Danaher Corp. 1.30% 2,392,260 $597.7M Reduce -16.4%
MAR Marriott International Class A 1.26% 2,402,266 $580.8M Reduce -1.3%
VRSK Verisk Analytics Inc. 1.25% 2,125,716 $573.0M Reduce -1.4%
EFX Equifax Inc. 1.09% 2,065,989 $500.9M Add +0.1%
MU Micron Technology Inc. 1.05% 3,681,474 $484.2M Reduce -36.8%
MDLZ Mondelez International Inc. Class A 0.95% 6,643,164 $434.7M Reduce -0.9%
FIS Fidelity National Info Serv 0.53% 3,225,961 $243.1M Reduce -11.2%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.48% 3,696,779 $221.4M Reduce -7.0%
ROST Ross Stores Inc. 0.46% 1,468,996 $213.5M Reduce -7.0%
WDC Western Digital Corp. 0.38% 2,303,164 $174.5M Add +62.8%
CBRE CBRE Group Inc. Class A 0.37% 1,922,258 $171.3M Add +15.1%
GWRE Guidewire Software Inc. 0.35% 1,156,336 $159.4M Reduce -1.2%
A Agilent Technologies Inc. 0.33% 1,159,801 $150.3M No change
NTR Nutrien Ltd. 0.32% 2,918,521 $148.6M Reduce -44.5%
PGR Progressive Corp. 0.30% 672,151 $139.6M Reduce -23.9%
GPN Global Payments Inc. 0.28% 1,310,863 $126.8M Add +16.1%
KLAC KLA Corp. 0.28% 153,567 $126.6M Reduce -6.2%
C Citigroup Inc. 0.27% 1,922,087 $122.0M No change
SCHW Schwab (charles) Corp. 0.26% 1,627,758 $119.9M Reduce -12.9%
CMI Cummins Inc. 0.26% 427,848 $118.5M Reduce -6.1%
PFE Pfizer Inc. 0.26% 4,233,811 $118.5M Add +32.9%
ROP Roper Technologies Inc. 0.24% 194,917 $109.9M Reduce -7.9%
UNP Union Pacific Corp. 0.24% 482,958 $109.3M Add +10.7%
SPG Simon Property Group Inc. 0.23% 710,235 $107.8M Reduce -8.7%
JBHT Hunt (jb) Transprt SVCS Inc. 0.23% 659,792 $105.6M Add +82.4%
CBOE Cboe Global Markets Inc. 0.23% 616,319 $104.8M Reduce -7.9%
BR Broadridge Financial Solutio 0.22% 508,367 $100.1M Reduce -6.3%
GILD Gilead Sciences Inc. 0.21% 1,432,811 $98.3M No change
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.21% 995,489 $97.2M Reduce -11.1%
ALGN Align Technology Inc. 0.21% 396,603 $95.8M No change
TRU Transunion 0.21% 1,289,235 $95.6M Reduce -7.9%
RSG Republic Services Inc. 0.21% 488,300 $94.9M Reduce -7.9%
HOLX Hologic Inc. 0.21% 1,273,829 $94.6M Reduce -10.6%
IQV Iqvia Holdings Inc. 0.20% 445,155 $94.1M Reduce -6.5%
ORLY O'reilly Automotive Inc. 0.20% 88,221 $93.2M Reduce -8.2%
FTNT Fortinet Inc. 0.20% 1,502,337 $90.5M Reduce -6.6%
FDX FedEx Corp. 0.20% 301,210 $90.3M No change
NICE Nice Ltd. - Spon ADR 0.19% 509,404 $87.6M Add +116.7%
AXP American Express Co. 0.19% 369,561 $85.6M Reduce -29.4%
BIO Bio-Rad Laboratories-A 0.18% 310,732 $84.9M Add +30.7%
TSM Taiwan Semiconductor-SP ADR 0.18% 481,944 $83.8M Add +0.2%
BIIB Biogen Inc. 0.18% 360,742 $83.6M No change
WDAY Workday Inc. Class A 0.18% 370,870 $82.9M Add +13.6%
OTIS Otis Worldwide Corp. 0.18% 851,867 $82.0M Reduce -7.9%
BILL Bill Holdings Inc. 0.17% 1,512,361 $79.6M New
XYL Xylem Inc. 0.17% 585,229 $79.4M Reduce -7.9%
ODFL Old Dominion Freight Line 0.17% 445,705 $78.7M Reduce -23.9%
TFC Truist Financial Corp. 0.17% 2,010,845 $78.1M Reduce -14.0%
ALL Allstate Corp. 0.17% 484,587 $77.4M Reduce -10.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.17% 764,219 $75.9M Reduce -17.5%
BAX Baxter International Inc. 0.16% 2,222,045 $74.3M No change
BEPC Brookfield Renewable Cor-A 0.16% 2,572,928 $73.0M No change
CMCSA Comcast Corp. Class A 0.16% 1,852,661 $72.6M Add +26.9%
LRCX Lam Research Corp. 0.16% 67,383 $71.8M Reduce -7.9%
IDA Idacorp Inc. 0.15% 749,994 $69.9M Add +4.5%
ADSK Autodesk Inc. 0.15% 276,100 $68.3M Reduce -7.9%
FERG Ferguson Jersey Ltd. 0.15% 347,289 $67.3M Reduce -8.0%
AVTR Avantor Inc. 0.14% 2,961,499 $62.8M Reduce -7.9%
HLT Hilton Worldwide Holdings Inc. 0.14% 287,594 $62.8M Reduce -5.0%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.13% 784,069 $61.6M Reduce -10.4%
POOL Pool Corp. 0.13% 197,743 $60.8M Reduce -5.8%
RGEN Repligen Corp. 0.11% 388,531 $49.0M Add +0.0%
PNR Pentair PLC 0.09% 562,318 $43.1M Reduce -7.9%
ARE Alexandria Real Estate Equit 0.09% 357,801 $41.9M Reduce -7.9%
TER Teradyne Inc. 0.09% 275,652 $40.9M No change
TT Trane Technologies PLC 0.06% 89,740 $29.5M No change
CSGP Costar Group Inc. 0.06% 348,207 $25.8M No change
MPWR Monolithic Power Systems Inc. 0.05% 30,663 $25.2M No change
MTD Mettler-Toledo International 0.05% 17,848 $24.9M No change
IDXX Idexx Laboratories Inc. 0.05% 48,983 $23.9M No change
MELI MercadoLibre Inc. 0.05% 14,467 $23.8M No change
CTAS Cintas Corp. 0.05% 30,728 $21.5M Reduce -28.5%
MBB iShares MBS ETF 0.05% 232,752 $21.4M No change
MORN Morningstar Inc. 0.05% 71,034 $21.0M Reduce -25.0%
DDOG Datadog Inc. Class A 0.04% 144,377 $18.7M No change
PTC PTC Inc. 0.04% 98,828 $18.0M Reduce -17.2%
CDNS Cadence Design SYS Inc. 0.04% 54,507 $16.8M No change
LPLA LPL Financial Holdings Inc. 0.03% 56,840 $15.9M No change
MSCI MSCI Inc. 0.03% 28,172 $13.6M New
TEAM Atlassian Corp. Class A 0.03% 75,954 $13.4M Add +95.8%
WST West Pharmaceutical Services 0.03% 38,013 $12.5M New
PCOR Procore Technologies Inc. 0.02% 138,070 $9.2M Add +1.4%
AMZN Amazon.com Inc. 0.01% 13,815 $2.7M Reduce -7.6%
V Visa Inc. Class A 0.00% 8,612 $2.3M Add +23.5%
LLY Eli Lilly & Co. 0.00% 2,075 $1.9M Add +26.4%
UNH Unitedhealth Group Inc. 0.00% 2,083 $1.1M Add +16.8%
BSX Boston Scientific Corp. 0.00% 13,480 $1.0M Add +17.6%
NTRA Natera Inc. 0.00% 8,589 $930K Add +21.4%
AMD Advanced Micro Devices 0.00% 5,489 $890K Add +17.6%
ARES Ares Management Corp. Class A 0.00% 6,553 $873K Add +1.7%
AZN Astrazeneca PLC-Spons ADR 0.00% 10,012 $781K Add +4.2%
NFLX Netflix Inc. 0.00% 1,054 $711K Add +22.4%
ABNB Airbnb Inc. Class A 0.00% 4,654 $706K Add +42.3%
ISRG Intuitive Surgical Inc. 0.00% 1,559 $694K Add +46.8%
NET Cloudflare Inc. Class A 0.00% 7,091 $587K Add +44.0%
AKAM Akamai Technologies Inc. 0.00% 6,039 $544K Reduce -5.0%

Portfolio Sells Q1 2024 → Q2 2024
BAC Bank of America Corp. Reduce -46.5% 2.01% −1.50
INTC Intel Corp. Reduce -1.3% 1.56% −0.65
MU Micron Technology Inc. Reduce -36.8% 1.05% −0.41
SYY Sysco Corp. Reduce -12.6% 1.34% −0.37
BALL Ball Corp. Reduce -3.1% 2.70% −0.37
FISV Fiserv Inc. Reduce -11.3% 1.88% −0.35
CME Cme Group Inc. Reduce -6.7% 2.18% −0.33
TMO Thermo Fisher Scientific Inc. Reduce -15.2% 1.40% −0.30
DE Deere & Co. Reduce -1.4% 3.06% −0.29
NTR Nutrien Ltd. Reduce -44.5% 0.32% −0.29
SHW The Sherwin-Williams Co. Reduce -1.8% 1.61% −0.26
MA Mastercard Inc. Class A Reduce -1.1% 2.82% −0.23
DHR Danaher Corp. Reduce -16.4% 1.30% −0.23
DHI D.R. Horton Inc. Reduce -0.3% 1.35% −0.20
CI The Cigna Group Reduce -1.3% 2.06% −0.19
DOX Amdocs Ltd. Sold out 0.00% −0.18
XYZ Block Inc. Sold out 0.00% −0.17
CNH CNH Industrial NV Sold out 0.00% −0.17
BMRN Biomarin Pharmaceutical Inc. Sold out 0.00% −0.16
ICE Intercontinental Exchange Inc. Reduce -7.5% 2.25% −0.15
CSCO Cisco Systems Inc. Sold out 0.00% −0.14
LIN Linde PLC Reduce -1.8% 2.26% −0.13
ODFL Old Dominion Freight Line Reduce -23.9% 0.17% −0.10
PGR Progressive Corp. Reduce -23.9% 0.30% −0.09
DIS The Walt Disney Co. Reduce -17.5% 0.17% −0.08
AXP American Express Co. Reduce -29.4% 0.19% −0.07
MDLZ Mondelez International Inc. Class A Reduce -0.9% 0.95% −0.06
IQV Iqvia Holdings Inc. Reduce -6.5% 0.20% −0.05
POOL Pool Corp. Reduce -5.8% 0.13% −0.05
MAR Marriott International Class A Reduce -1.3% 1.26% −0.05
FIS Fidelity National Info Serv Reduce -11.2% 0.53% −0.05
AVTR Avantor Inc. Reduce -7.9% 0.14% −0.04
FTNT Fortinet Inc. Reduce -6.6% 0.20% −0.04
CBOE Cboe Global Markets Inc. Reduce -7.9% 0.23% −0.03
ALL Allstate Corp. Reduce -10.7% 0.17% −0.03
HOLX Hologic Inc. Reduce -10.6% 0.21% −0.03
WRB WR Berkley Corp. Reduce -10.4% 0.13% −0.03
CPRT Copart Inc. Sold out 0.00% −0.03
TRU Transunion Reduce -7.9% 0.21% −0.03
ROST Ross Stores Inc. Reduce -7.0% 0.46% −0.03
FERG Ferguson Jersey Ltd. Reduce -8.0% 0.15% −0.03
ORLY O'reilly Automotive Inc. Reduce -8.2% 0.20% −0.03
CMI Cummins Inc. Reduce -6.1% 0.26% −0.03
LULU Lululemon Athletica Inc. Sold out 0.00% −0.03
SCHW Schwab (charles) Corp. Reduce -12.9% 0.26% −0.03
SPG Simon Property Group Inc. Reduce -8.7% 0.23% −0.03
TFC Truist Financial Corp. Reduce -14.0% 0.17% −0.02
BR Broadridge Financial Solutio Reduce -6.3% 0.22% −0.02
ADSK Autodesk Inc. Reduce -7.9% 0.15% −0.02
OTIS Otis Worldwide Corp. Reduce -7.9% 0.18% −0.02

Portfolio Buys Q1 2024 → Q2 2024
O Realty Income Corp. Add +277.2% 2.62% +1.92
GOOGL Alphabet Inc. Class A Add +1.6% 5.58% +1.12
ADBE Adobe Inc. Add +69.3% 1.36% +0.64
AVGO Broadcom Inc. Add +22.0% 1.90% +0.64
WDC Western Digital Corp. Add +62.8% 0.38% +0.17
BILL Bill Holdings Inc. New 0.17% +0.17
AZO AutoZone Inc. Add +11.9% 2.01% +0.14
CHTR Charter Communications Inc. Class A Add +1.7% 1.72% +0.11
JBHT Hunt (jb) Transprt SVCS Inc. Add +82.4% 0.23% +0.08
PFE Pfizer Inc. Add +32.9% 0.26% +0.07
NICE Nice Ltd. - Spon ADR Add +116.7% 0.19% +0.06
TSM Taiwan Semiconductor-SP ADR Add +0.2% 0.18% +0.04
MSCI MSCI Inc. New 0.03% +0.03
WST West Pharmaceutical Services New 0.03% +0.03
CBRE CBRE Group Inc. Class A Add +15.1% 0.37% +0.03
CMCSA Comcast Corp. Class A Add +26.9% 0.16% +0.02
TEAM Atlassian Corp. Class A Add +95.8% 0.03% +0.01
IDA Idacorp Inc. Add +4.5% 0.15% +0.01
BIO Bio-Rad Laboratories-A Add +30.7% 0.18% +0.01
UNP Union Pacific Corp. Add +10.7% 0.24% +0.01
LLY Eli Lilly & Co. Add +26.4% 0.00% +0.00
V Visa Inc. Class A Add +23.5% 0.00% +0.00
BSX Boston Scientific Corp. Add +17.6% 0.00% +0.00
ISRG Intuitive Surgical Inc. Add +46.8% 0.00% +0.00
NTRA Natera Inc. Add +21.4% 0.00% +0.00
ABNB Airbnb Inc. Class A Add +42.3% 0.00% +0.00
NFLX Netflix Inc. Add +22.4% 0.00% +0.00
UNH Unitedhealth Group Inc. Add +16.8% 0.00% +0.00
AZN Astrazeneca PLC-Spons ADR Add +4.2% 0.00% +0.00
NET Cloudflare Inc. Class A Add +44.0% 0.00% +0.00
AMD Advanced Micro Devices Add +17.6% 0.00% +0.00
ARES Ares Management Corp. Class A Add +1.7% 0.00% +0.00
PCOR Procore Technologies Inc. Add +1.4% 0.02% −0.00
WDAY Workday Inc. Class A Add +13.6% 0.18% −0.01
RGEN Repligen Corp. Add +0.0% 0.11% −0.05
GPN Global Payments Inc. Add +16.1% 0.28% −0.05
EFX Equifax Inc. Add +0.1% 1.09% −0.09
CRM Salesforce Inc. Add +4.9% 3.39% −0.32

Notes & Other Activity Q1 2024 → Q2 2024
BLOCK INC (XYZ 0 05/01/26) NOTE 5/0 · principal Sold out 3,000,000 $2.7Mbefore exit

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