Parnassus Investments, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 8, 2024), Parnassus Investments, LLC reported 126 stock positions worth $47.1 billion. Its top holding was Microsoft (MSFT) at 5.7% of the portfolio, followed by Nvidia (NVDA, 5.3%) and Amazon.com (AMZN, 4.5%). Compared with Q2 2024, it opened 3 new positions, sold out of 6, added to 44 and reduced 68. The biggest buy was Amazon.com (AMZN, shares +82457%) and the biggest sale an exit from Charter Communications Class A (CHTR).

Most Recent 13F
Q2 2026
Location
San Francisco, CA
CIK
0000948669
Portfolio Value
$47.1B (Q3 2024)
SEC Filing
0001172661-24-004515 ↗ filed Nov 8, 2024

Holdings Value

0$10.0B$20.0B$30.0B$40.0B$50.0B Q1 2024: $46.8B Q1 2024 Q2 2024: $45.9B Q2 2024 Q3 2024: $47.1B $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 126 stocks · $47.1B
MSFT Microsoft Corp. 5.67% 6,213,587 $2.7B Add +2.4%
NVDA Nvidia Corp. 5.26% 20,432,629 $2.5B Add +1.9%
AMZN Amazon.com Inc. 4.51% 11,405,294 $2.1B Add +82457.3%
GOOGL Alphabet Inc. Class A 3.93% 11,176,799 $1.9B Reduce -20.6%
O Realty Income Corp. 3.29% 24,448,225 $1.6B Add +7.4%
DE Deere & Co. 3.25% 3,670,330 $1.5B Reduce -2.5%
CRM Salesforce Inc. 3.16% 5,436,052 $1.5B Reduce -10.2%
MA Mastercard Inc. Class A 2.95% 2,819,634 $1.4B Reduce -4.0%
BALL Ball Corp. 2.89% 20,035,348 $1.4B Reduce -3.1%
ICE Intercontinental Exchange Inc. 2.67% 7,838,727 $1.3B Add +4.0%
SPGI S&P Global Inc. 2.58% 2,358,012 $1.2B Reduce -0.9%
ORCL Oracle Corp. 2.58% 7,143,996 $1.2B Reduce -14.2%
LIN Linde PLC 2.34% 2,311,095 $1.1B Reduce -2.3%
WM Waste Management Inc. 2.26% 5,120,772 $1.1B Add +11.3%
CI The Cigna Group 2.15% 2,922,121 $1.0B Add +2.1%
AAPL Apple Inc. 2.08% 4,207,040 $980.2M Reduce -48.0%
AVGO Broadcom Inc. 2.07% 5,643,269 $973.5M Add +3.7%
MRSH Marsh & McLennan Cos 2.02% 4,274,880 $953.7M Add +2.0%
AZO AutoZone Inc. 2.00% 299,516 $943.5M Reduce -3.6%
FISV Fiserv Inc. 1.98% 5,204,653 $935.0M Reduce -10.3%
SHW The Sherwin-Williams Co. 1.97% 2,430,906 $927.8M Reduce -2.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.88% 22,387,639 $888.3M Reduce -3.4%
DHI D.R. Horton Inc. 1.74% 4,305,496 $821.4M Reduce -2.4%
VZ Verizon Communications Inc. 1.73% 18,161,563 $815.6M Add +2.9%
SYK Stryker Corp. 1.62% 2,111,493 $762.8M New
INTU Intuit Inc. 1.57% 1,194,018 $741.5M Reduce -8.7%
TMO Thermo Fisher Scientific Inc. 1.48% 1,127,870 $697.7M Reduce -3.1%
AMAT Applied Materials Inc. 1.47% 3,432,124 $693.5M Reduce -19.6%
COST Costco Wholesale Corp. 1.43% 762,199 $675.7M Reduce -0.1%
PG The Procter & Gamble Co. 1.40% 3,796,979 $657.6M Reduce -0.2%
SYY Sysco Corp. 1.39% 8,393,368 $655.2M Reduce -2.4%
DHR Danaher Corp. 1.39% 2,356,252 $655.1M Reduce -1.5%
SNPS Synopsys Inc. 1.34% 1,250,950 $633.5M New
EFX Equifax Inc. 1.29% 2,066,613 $607.3M Add +0.0%
MAR Marriott International Class A 1.24% 2,350,380 $584.3M Reduce -2.2%
VRSK Verisk Analytics Inc. 1.20% 2,107,203 $564.6M Reduce -0.9%
CME Cme Group Inc. 1.06% 2,257,487 $498.1M Reduce -55.6%
MDLZ Mondelez International Inc. Class A 1.04% 6,632,299 $488.6M Reduce -0.2%
CBRE CBRE Group Inc. Class A 0.53% 2,020,910 $251.6M Add +5.1%
FIS Fidelity National Info Serv 0.52% 2,951,250 $247.2M Reduce -8.5%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.49% 3,202,990 $230.2M Reduce -13.4%
ROST Ross Stores Inc. 0.47% 1,467,684 $220.9M Reduce -0.1%
GWRE Guidewire Software Inc. 0.43% 1,097,425 $200.8M Reduce -5.1%
A Agilent Technologies Inc. 0.36% 1,143,035 $169.7M Reduce -1.4%
WDC Western Digital Corp. 0.35% 2,393,123 $163.4M Add +3.9%
PGR Progressive Corp. 0.32% 602,725 $152.9M Reduce -10.3%
GPN Global Payments Inc. 0.28% 1,310,863 $134.3M No change
TRU Transunion 0.28% 1,249,071 $130.8M Reduce -3.1%
CMI Cummins Inc. 0.28% 400,912 $129.8M Reduce -6.3%
JBHT Hunt (jb) Transprt SVCS Inc. 0.28% 753,005 $129.8M Add +14.1%
PFE Pfizer Inc. 0.27% 4,390,705 $127.1M Add +3.7%
SPG Simon Property Group Inc. 0.26% 718,854 $121.5M Add +1.2%
UNP Union Pacific Corp. 0.25% 482,958 $119.0M No change
KLAC KLA Corp. 0.25% 152,361 $118.0M Reduce -0.8%
CBOE Cboe Global Markets Inc. 0.24% 562,769 $115.3M Reduce -8.7%
FTNT Fortinet Inc. 0.24% 1,450,409 $112.5M Reduce -3.5%
UNH Unitedhealth Group Inc. 0.23% 189,415 $110.7M Add +8993.4%
SCHW Schwab (charles) Corp. 0.23% 1,694,634 $109.8M Add +4.1%
MU Micron Technology Inc. 0.23% 1,057,266 $109.6M Reduce -71.3%
C Citigroup Inc. 0.23% 1,725,687 $108.0M Reduce -10.2%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.23% 980,483 $107.5M Reduce -1.5%
ROP Roper Technologies Inc. 0.23% 191,188 $106.4M Reduce -1.9%
BR Broadridge Financial Solutio 0.22% 490,161 $105.4M Reduce -3.6%
BIO Bio-Rad Laboratories-A 0.22% 310,732 $104.0M No change
ADSK Autodesk Inc. 0.22% 373,085 $102.8M Add +35.1%
ALGN Align Technology Inc. 0.21% 396,603 $100.9M No change
ORLY O'reilly Automotive Inc. 0.21% 84,584 $97.4M Reduce -4.1%
GILD Gilead Sciences Inc. 0.20% 1,151,874 $96.6M Reduce -19.6%
HOLX Hologic Inc. 0.20% 1,168,749 $95.2M Reduce -8.3%
RSG Republic Services Inc. 0.20% 467,557 $93.9M Reduce -4.3%
WDAY Workday Inc. Class A 0.19% 369,638 $90.3M Reduce -0.3%
NICE Nice Ltd. - Spon ADR 0.19% 517,039 $89.8M Add +1.5%
ODFL Old Dominion Freight Line 0.19% 440,182 $87.4M Reduce -1.2%
ALL Allstate Corp. 0.19% 460,205 $87.3M Reduce -5.0%
BEPC Brookfield Renewable Cor-A 0.18% 2,667,638 $87.1M Add +3.7%
OTIS Otis Worldwide Corp. 0.18% 822,772 $85.5M Reduce -3.4%
BAX Baxter International Inc. 0.18% 2,229,221 $84.6M Add +0.3%
TSM Taiwan Semiconductor-SP ADR 0.18% 485,155 $84.3M Add +0.7%
TFC Truist Financial Corp. 0.18% 1,966,004 $84.1M Reduce -2.2%
IQV Iqvia Holdings Inc. 0.18% 352,543 $83.5M Reduce -20.8%
FDX FedEx Corp. 0.17% 301,210 $82.4M No change
CMCSA Comcast Corp. Class A 0.17% 1,920,800 $80.2M Add +3.7%
POOL Pool Corp. 0.16% 204,730 $77.1M Add +3.5%
XYL Xylem Inc. 0.16% 567,247 $76.6M Reduce -3.1%
NTR Nutrien Ltd. 0.16% 1,564,307 $75.2M Reduce -46.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.16% 768,519 $73.9M Add +0.6%
BIIB Biogen Inc. 0.15% 361,512 $70.1M Add +0.2%
FERG Ferguson Enterprises Inc. 0.14% 338,678 $67.3M Reduce -2.5%
HLT Hilton Worldwide Holdings Inc. 0.14% 281,521 $64.9M Reduce -2.1%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.14% 1,134,214 $64.3M Reduce -3.6%
INTC Intel Corp. 0.13% 2,642,083 $62.0M Reduce -88.6%
RGEN Repligen Corp. 0.12% 381,471 $56.8M Reduce -1.8%
AVTR Avantor Inc. 0.12% 2,138,772 $55.3M Reduce -27.8%
LRCX Lam Research Corp. 0.11% 66,264 $54.1M Reduce -1.7%
PNR Pentair PLC 0.11% 547,711 $53.6M Reduce -2.6%
TEAM Atlassian Corp. Class A 0.11% 321,240 $51.0M Add +322.9%
TT Trane Technologies PLC 0.07% 89,740 $34.9M No change
ARE Alexandria Real Estate Equit 0.07% 264,524 $31.4M Reduce -26.1%
MELI MercadoLibre Inc. 0.06% 14,903 $30.6M Add +3.0%
TER Teradyne Inc. 0.06% 223,335 $29.9M Reduce -19.0%
MTD Mettler-Toledo International 0.06% 17,848 $26.8M No change
IDXX Idexx Laboratories Inc. 0.05% 48,983 $24.7M No change
MORN Morningstar Inc. 0.05% 71,034 $22.7M No change
MBB iShares MBS ETF 0.05% 232,752 $22.3M No change
DDOG Datadog Inc. Class A 0.05% 185,329 $21.3M Add +28.4%
MPWR Monolithic Power Systems Inc. 0.04% 22,806 $21.1M Reduce -25.6%
MSCI MSCI Inc. 0.04% 36,002 $21.0M Add +27.8%
PTC PTC Inc. 0.04% 99,226 $17.9M Add +0.4%
WST West Pharmaceutical Services 0.04% 58,389 $17.5M Add +53.6%
CSGP Costar Group Inc. 0.04% 230,669 $17.4M Reduce -33.8%
CDNS Cadence Design SYS Inc. 0.03% 54,507 $14.8M No change
CTAS Cintas Corp. 0.03% 64,207 $13.2M Reduce -47.8%
NET Cloudflare Inc. Class A 0.02% 138,410 $11.2M Add +1851.9%
PCOR Procore Technologies Inc. 0.02% 165,574 $10.2M Add +19.9%
V Visa Inc. Class A 0.01% 9,555 $2.6M Add +10.9%
LLY Eli Lilly & Co. 0.00% 2,393 $2.1M Add +15.3%
BSX Boston Scientific Corp. 0.00% 14,764 $1.2M Add +9.5%
NTRA Natera Inc. 0.00% 9,241 $1.2M Add +7.6%
ADBE Adobe Inc. 0.00% 2,259 $1.2M Reduce -99.8%
ARES Ares Management Corp. Class A 0.00% 7,166 $1.1M Add +9.3%
ISRG Intuitive Surgical Inc. 0.00% 2,133 $1.0M Add +36.8%
AMD Advanced Micro Devices 0.00% 6,058 $994K Add +10.4%
ABNB Airbnb Inc. Class A 0.00% 7,781 $987K Add +67.2%
CMG Chipotle Mexican Grill Inc. 0.00% 16,736 $964K New
NFLX Netflix Inc. 0.00% 1,135 $805K Add +7.7%
AZN Astrazeneca PLC-Spons ADR 0.00% 7,406 $577K Reduce -26.0%

Portfolio Sells Q2 2024 → Q3 2024
CHTR Charter Communications Inc. Class A Sold out 0.00% −1.72
GOOGL Alphabet Inc. Class A Reduce -20.6% 3.93% −1.65
AAPL Apple Inc. Reduce -48.0% 2.08% −1.63
INTC Intel Corp. Reduce -88.6% 0.13% −1.43
ADBE Adobe Inc. Reduce -99.8% 0.00% −1.36
CME Cme Group Inc. Reduce -55.6% 1.06% −1.12
MU Micron Technology Inc. Reduce -71.3% 0.23% −0.82
AMAT Applied Materials Inc. Reduce -19.6% 1.47% −0.72
INTU Intuit Inc. Reduce -8.7% 1.57% −0.30
CRM Salesforce Inc. Reduce -10.2% 3.16% −0.23
AXP American Express Co. Sold out 0.00% −0.19
BILL Bill Holdings Inc. Sold out 0.00% −0.17
NTR Nutrien Ltd. Reduce -46.4% 0.16% −0.16
IDA Idacorp Inc. Sold out 0.00% −0.15
BAC Bank of America Corp. Reduce -3.4% 1.88% −0.12
VRSK Verisk Analytics Inc. Reduce -0.9% 1.20% −0.05
LRCX Lam Research Corp. Reduce -1.7% 0.11% −0.04
C Citigroup Inc. Reduce -10.2% 0.23% −0.04
LPLA LPL Financial Holdings Inc. Sold out 0.00% −0.03
IQV Iqvia Holdings Inc. Reduce -20.8% 0.18% −0.03
TER Teradyne Inc. Reduce -19.0% 0.06% −0.03
KLAC KLA Corp. Reduce -0.8% 0.25% −0.03
MAR Marriott International Class A Reduce -2.2% 1.24% −0.03
ARE Alexandria Real Estate Equit Reduce -26.1% 0.07% −0.02
AVTR Avantor Inc. Reduce -27.8% 0.12% −0.02
CSGP Costar Group Inc. Reduce -33.8% 0.04% −0.02
CTAS Cintas Corp. Reduce -47.8% 0.03% −0.02
ROP Roper Technologies Inc. Reduce -1.9% 0.23% −0.01
XYL Xylem Inc. Reduce -3.1% 0.16% −0.01
MPWR Monolithic Power Systems Inc. Reduce -25.6% 0.04% −0.01
GILD Gilead Sciences Inc. Reduce -19.6% 0.20% −0.01
RSG Republic Services Inc. Reduce -4.3% 0.20% −0.01
FIS Fidelity National Info Serv Reduce -8.5% 0.52% −0.01
AZO AutoZone Inc. Reduce -3.6% 2.00% −0.00
HOLX Hologic Inc. Reduce -8.3% 0.20% −0.00
FERG Ferguson Enterprises Inc. Reduce -2.5% 0.14% −0.00
AKAM Akamai Technologies Inc. Sold out 0.00% −0.00
AZN Astrazeneca PLC-Spons ADR Reduce -26.0% 0.00% −0.00
HLT Hilton Worldwide Holdings Inc. Reduce -2.1% 0.14% +0.00
WRB WR Berkley Corp. Reduce -3.6% 0.14% +0.00
OTIS Otis Worldwide Corp. Reduce -3.4% 0.18% +0.00
ORLY O'reilly Automotive Inc. Reduce -4.1% 0.21% +0.00
ROST Ross Stores Inc. Reduce -0.1% 0.47% +0.00
BR Broadridge Financial Solutio Reduce -3.6% 0.22% +0.01
BNY Bank of New York Mellon Corp. Reduce -13.4% 0.49% +0.01
TFC Truist Financial Corp. Reduce -2.2% 0.18% +0.01
WDAY Workday Inc. Class A Reduce -0.3% 0.19% +0.01
RGEN Repligen Corp. Reduce -1.8% 0.12% +0.01
ODFL Old Dominion Freight Line Reduce -1.2% 0.19% +0.01
CBOE Cboe Global Markets Inc. Reduce -8.7% 0.24% +0.02

Portfolio Buys Q2 2024 → Q3 2024
AMZN Amazon.com Inc. Add +82457.3% 4.51% +4.50
SYK Stryker Corp. New 1.62% +1.62
SNPS Synopsys Inc. New 1.34% +1.34
O Realty Income Corp. Add +7.4% 3.29% +0.67
ICE Intercontinental Exchange Inc. Add +4.0% 2.67% +0.42
UNH Unitedhealth Group Inc. Add +8993.4% 0.23% +0.23
EFX Equifax Inc. Add +0.0% 1.29% +0.20
AVGO Broadcom Inc. Add +3.7% 2.07% +0.16
CBRE CBRE Group Inc. Class A Add +5.1% 0.53% +0.16
VZ Verizon Communications Inc. Add +2.9% 1.73% +0.14
WM Waste Management Inc. Add +11.3% 2.26% +0.12
MRSH Marsh & McLennan Cos Add +2.0% 2.02% +0.10
CI The Cigna Group Add +2.1% 2.15% +0.09
TEAM Atlassian Corp. Class A Add +322.9% 0.11% +0.08
ADSK Autodesk Inc. Add +35.1% 0.22% +0.07
JBHT Hunt (jb) Transprt SVCS Inc. Add +14.1% 0.28% +0.05
POOL Pool Corp. Add +3.5% 0.16% +0.03
BEPC Brookfield Renewable Cor-A Add +3.7% 0.18% +0.03
SPG Simon Property Group Inc. Add +1.2% 0.26% +0.02
NET Cloudflare Inc. Class A Add +1851.9% 0.02% +0.02
BAX Baxter International Inc. Add +0.3% 0.18% +0.02
MSCI MSCI Inc. Add +27.8% 0.04% +0.01
MELI MercadoLibre Inc. Add +3.0% 0.06% +0.01
CMCSA Comcast Corp. Class A Add +3.7% 0.17% +0.01
PFE Pfizer Inc. Add +3.7% 0.27% +0.01
WST West Pharmaceutical Services Add +53.6% 0.04% +0.01
DDOG Datadog Inc. Class A Add +28.4% 0.05% +0.00
CMG Chipotle Mexican Grill Inc. New 0.00% +0.00
PCOR Procore Technologies Inc. Add +19.9% 0.02% +0.00
ISRG Intuitive Surgical Inc. Add +36.8% 0.00% +0.00
V Visa Inc. Class A Add +10.9% 0.01% +0.00
ABNB Airbnb Inc. Class A Add +67.2% 0.00% +0.00
ARES Ares Management Corp. Class A Add +9.3% 0.00% +0.00
NTRA Natera Inc. Add +7.6% 0.00% +0.00
BSX Boston Scientific Corp. Add +9.5% 0.00% +0.00
LLY Eli Lilly & Co. Add +15.3% 0.00% +0.00
AMD Advanced Micro Devices Add +10.4% 0.00% +0.00
NFLX Netflix Inc. Add +7.7% 0.00% +0.00
NICE Nice Ltd. - Spon ADR Add +1.5% 0.19% −0.00
PTC PTC Inc. Add +0.4% 0.04% −0.00
TSM Taiwan Semiconductor-SP ADR Add +0.7% 0.18% −0.00
DIS The Walt Disney Co. Add +0.6% 0.16% −0.01
SCHW Schwab (charles) Corp. Add +4.1% 0.23% −0.03
WDC Western Digital Corp. Add +3.9% 0.35% −0.03
BIIB Biogen Inc. Add +0.2% 0.15% −0.03
NVDA Nvidia Corp. Add +1.9% 5.26% −0.13
MSFT Microsoft Corp. Add +2.4% 5.67% −0.23

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