Parnassus Investments, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), Parnassus Investments, LLC reported 126 stock positions worth $45.0 billion. Its top holding was Microsoft (MSFT) at 5.6% of the portfolio, followed by Amazon.com (AMZN, 5.4%) and Nvidia (NVDA, 4.8%). Compared with Q3 2024, it opened 6 new positions, sold out of 6, added to 42 and reduced 74. The biggest buy was a new position in Vertex Pharmaceuticals (VRTX) and the biggest sale Oracle (ORCL, shares −52%).
- Most Recent 13F
- Q2 2026
- Location
- San Francisco, CA
- CIK
- 0000948669
- Portfolio Value
- $45.0B (Q4 2024)
- SEC Filing
- 0001172661-25-000594 ↗ filed Feb 10, 2025
Holdings Value
Holdings 126 stocks · $45.0B
| MSFT Microsoft Corp. | 5.60% | 5,976,144 | $2.5B | Reduce -3.8% |
| AMZN Amazon.com Inc. | 5.44% | 11,168,227 | $2.5B | Reduce -2.1% |
| NVDA Nvidia Corp. | 4.84% | 16,213,846 | $2.2B | Reduce -20.6% |
| GOOGL Alphabet Inc. Class A | 4.40% | 10,459,206 | $2.0B | Reduce -6.4% |
| DE Deere & Co. | 3.25% | 3,448,684 | $1.5B | Reduce -6.0% |
| MA Mastercard Inc. Class A | 3.09% | 2,639,185 | $1.4B | Reduce -6.4% |
| WM Waste Management Inc. | 2.81% | 6,272,009 | $1.3B | Add +22.5% |
| AVGO Broadcom Inc. | 2.73% | 5,310,912 | $1.2B | Reduce -5.9% |
| O Realty Income Corp. | 2.69% | 22,696,262 | $1.2B | Reduce -7.2% |
| SPGI S&P Global Inc. | 2.46% | 2,227,777 | $1.1B | Reduce -5.5% |
| ICE Intercontinental Exchange Inc. | 2.41% | 7,273,286 | $1.1B | Reduce -7.2% |
| CRM Salesforce Inc. | 2.40% | 3,227,604 | $1.1B | Reduce -40.6% |
| BALL Ball Corp. | 2.31% | 18,835,298 | $1.0B | Reduce -6.0% |
| FISV Fiserv Inc. | 2.22% | 4,861,759 | $998.7M | Reduce -6.6% |
| AAPL Apple Inc. | 2.19% | 3,935,571 | $985.5M | Reduce -6.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.07% | 21,182,507 | $931.0M | Reduce -5.4% |
| LIN Linde PLC | 2.01% | 2,159,908 | $904.3M | Reduce -6.5% |
| AZO AutoZone Inc. | 1.98% | 278,542 | $891.9M | Reduce -7.0% |
| CI The Cigna Group | 1.72% | 2,798,981 | $772.9M | Reduce -4.2% |
| MRSH Marsh & McLennan Cos | 1.68% | 3,569,141 | $758.1M | Reduce -16.5% |
| TMO Thermo Fisher Scientific Inc. | 1.63% | 1,410,957 | $734.0M | Add +25.1% |
| VRTX Vertex Pharmaceuticals Inc. | 1.62% | 1,815,950 | $731.3M | New |
| LLY Eli Lilly & Co. | 1.60% | 934,702 | $721.6M | Add +38959.8% |
| DHR Danaher Corp. | 1.58% | 3,105,388 | $712.8M | Add +31.8% |
| SYK Stryker Corp. | 1.57% | 1,968,582 | $708.8M | Reduce -6.8% |
| INTU Intuit Inc. | 1.56% | 1,117,327 | $702.2M | Reduce -6.4% |
| SHW The Sherwin-Williams Co. | 1.51% | 2,004,349 | $681.3M | Reduce -17.6% |
| VZ Verizon Communications Inc. | 1.48% | 16,612,979 | $664.4M | Reduce -8.5% |
| COST Costco Wholesale Corp. | 1.45% | 710,831 | $651.3M | Reduce -6.7% |
| WDAY Workday Inc. Class A | 1.40% | 2,447,735 | $631.6M | Add +562.2% |
| MAR Marriott International Class A | 1.37% | 2,203,229 | $614.6M | Reduce -6.3% |
| FERG Ferguson Enterprises Inc. | 1.36% | 3,537,155 | $613.9M | Add +944.4% |
| PG The Procter & Gamble Co. | 1.30% | 3,499,460 | $586.7M | Reduce -7.8% |
| AMAT Applied Materials Inc. | 1.30% | 3,593,870 | $584.5M | Add +4.7% |
| ORCL Oracle Corp. | 1.27% | 3,439,246 | $573.1M | Reduce -51.9% |
| DHI D.R. Horton Inc. | 1.27% | 4,098,488 | $573.1M | Reduce -4.8% |
| SNPS Synopsys Inc. | 1.27% | 1,180,668 | $573.0M | Reduce -5.6% |
| VRSK Verisk Analytics Inc. | 1.21% | 1,977,559 | $544.7M | Reduce -6.2% |
| EFX Equifax Inc. | 1.10% | 1,948,324 | $496.5M | Reduce -5.7% |
| KLAC KLA Corp. | 1.03% | 733,328 | $462.1M | Add +381.3% |
| CBRE CBRE Group Inc. Class A | 0.57% | 1,963,825 | $257.8M | Reduce -2.8% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.49% | 2,877,920 | $221.1M | Reduce -10.2% |
| ROST Ross Stores Inc. | 0.46% | 1,371,768 | $207.5M | Reduce -6.5% |
| WDC Western Digital Corp. | 0.39% | 2,980,047 | $177.7M | Add +24.5% |
| SYY Sysco Corp. | 0.35% | 2,041,218 | $156.1M | Reduce -75.7% |
| A Agilent Technologies Inc. | 0.34% | 1,140,757 | $153.2M | Reduce -0.2% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.30% | 790,038 | $134.8M | Add +4.9% |
| CMI Cummins Inc. | 0.29% | 380,118 | $132.5M | Reduce -5.2% |
| FTNT Fortinet Inc. | 0.28% | 1,355,397 | $128.1M | Reduce -6.5% |
| SCHW Schwab (charles) Corp. | 0.28% | 1,695,164 | $125.5M | Add +0.0% |
| SPG Simon Property Group Inc. | 0.28% | 718,854 | $123.8M | No change |
| GPN Global Payments Inc. | 0.27% | 1,098,035 | $123.0M | Reduce -16.2% |
| C Citigroup Inc. | 0.27% | 1,725,687 | $121.5M | No change |
| PFE Pfizer Inc. | 0.26% | 4,392,905 | $116.5M | Add +0.1% |
| FIS Fidelity National Info Serv | 0.25% | 1,409,635 | $113.9M | Reduce -52.2% |
| UNP Union Pacific Corp. | 0.24% | 483,143 | $110.2M | Add +0.0% |
| TRU Transunion | 0.24% | 1,167,746 | $108.3M | Reduce -6.5% |
| BEPC Brookfield Renewable Corp. | 0.24% | 3,910,496 | $108.2M | Add +46.6% |
| PGR Progressive Corp. | 0.24% | 449,242 | $107.6M | Reduce -25.5% |
| UNH Unitedhealth Group Inc. | 0.24% | 211,179 | $106.8M | Add +11.5% |
| GILD Gilead Sciences Inc. | 0.24% | 1,151,874 | $106.4M | No change |
| BR Broadridge Financial Solutio | 0.23% | 459,592 | $103.9M | Reduce -6.2% |
| ADSK Autodesk Inc. | 0.23% | 351,355 | $103.8M | Reduce -5.8% |
| BIO Bio-Rad Laboratories-A | 0.23% | 310,867 | $102.1M | Add +0.0% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.23% | 863,014 | $101.4M | Reduce -12.0% |
| CBOE Cboe Global Markets Inc. | 0.22% | 507,032 | $99.1M | Reduce -9.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.21% | 486,191 | $96.0M | Add +0.2% |
| POOL Pool Corp. | 0.21% | 274,165 | $93.5M | Add +33.9% |
| ORLY O'reilly Automotive Inc. | 0.21% | 78,776 | $93.4M | Reduce -6.9% |
| ROP Roper Technologies Inc. | 0.21% | 179,137 | $93.1M | Reduce -6.3% |
| TFC Truist Financial Corp. | 0.21% | 2,141,993 | $92.9M | Add +8.9% |
| MU Micron Technology Inc. | 0.20% | 1,057,646 | $89.0M | Add +0.0% |
| ODFL Old Dominion Freight Line | 0.20% | 498,977 | $88.0M | Add +13.4% |
| NICE Nice Ltd. - Spon ADR | 0.20% | 517,279 | $87.9M | Add +0.1% |
| RSG Republic Services Inc. | 0.19% | 430,341 | $86.6M | Reduce -8.0% |
| ALL Allstate Corp. | 0.19% | 446,841 | $86.1M | Reduce -2.9% |
| ABNB Airbnb Inc. Class A | 0.19% | 655,539 | $86.1M | Add +8324.9% |
| XYL Xylem Inc. | 0.19% | 735,489 | $85.3M | Add +29.7% |
| CME Cme Group Inc. | 0.19% | 366,827 | $85.2M | Reduce -83.8% |
| FDX FedEx Corp. | 0.19% | 301,210 | $84.7M | No change |
| GWRE Guidewire Software Inc. | 0.19% | 499,611 | $84.2M | Reduce -54.5% |
| V Visa Inc. Class A | 0.18% | 260,174 | $82.2M | Add +2622.9% |
| TEAM Atlassian Corp. Class A | 0.18% | 325,367 | $79.2M | Add +1.3% |
| AZN Astrazeneca PLC-Spons ADR | 0.17% | 1,179,018 | $77.2M | Add +15819.8% |
| HOLX Hologic Inc. | 0.17% | 1,063,421 | $76.7M | Reduce -9.0% |
| CMCSA Comcast Corp. Class A | 0.16% | 1,921,745 | $72.1M | Add +0.1% |
| OTIS Otis Worldwide Corp. | 0.16% | 771,116 | $71.4M | Reduce -6.3% |
| ALGN Align Technology Inc. | 0.15% | 330,007 | $68.8M | Reduce -16.8% |
| HLT Hilton Worldwide Holdings Inc. | 0.15% | 269,769 | $66.7M | Reduce -4.2% |
| IQV Iqvia Holdings Inc. | 0.15% | 334,178 | $65.7M | Reduce -5.2% |
| BAX Baxter International Inc. | 0.14% | 2,230,611 | $65.0M | Add +0.1% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.14% | 1,060,467 | $62.1M | Reduce -6.5% |
| LRCX Lam Research Corp. | 0.14% | 847,483 | $61.2M | Add +27.9% |
| RGEN Repligen Corp. | 0.12% | 366,232 | $52.7M | Reduce -4.0% |
| PNR Pentair PLC | 0.12% | 516,798 | $52.0M | Reduce -5.6% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.11% | 593,722 | $51.1M | New |
| INTC Intel Corp. | 0.10% | 2,207,479 | $44.3M | Reduce -16.4% |
| TT Trane Technologies PLC | 0.07% | 88,575 | $32.7M | Reduce -1.3% |
| TER Teradyne Inc. | 0.07% | 242,068 | $30.5M | Add +8.4% |
| MELI MercadoLibre Inc. | 0.07% | 17,304 | $29.4M | Add +16.1% |
Portfolio Sells Q3 2024 → Q4 2024
| ORCL Oracle Corp. | Reduce -51.9% | 1.27% | −1.31 |
| SYY Sysco Corp. | Reduce -75.7% | 0.35% | −1.04 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −1.04 |
| CME Cme Group Inc. | Reduce -83.8% | 0.19% | −0.87 |
| CRM Salesforce Inc. | Reduce -40.6% | 2.40% | −0.76 |
| O Realty Income Corp. | Reduce -7.2% | 2.69% | −0.60 |
| BALL Ball Corp. | Reduce -6.0% | 2.31% | −0.58 |
| DHI D.R. Horton Inc. | Reduce -4.8% | 1.27% | −0.47 |
| SHW The Sherwin-Williams Co. | Reduce -17.6% | 1.51% | −0.45 |
| CI The Cigna Group | Reduce -4.2% | 1.72% | −0.43 |
| NVDA Nvidia Corp. | Reduce -20.6% | 4.84% | −0.43 |
| MRSH Marsh & McLennan Cos | Reduce -16.5% | 1.68% | −0.34 |
| LIN Linde PLC | Reduce -6.5% | 2.01% | −0.33 |
| FIS Fidelity National Info Serv | Reduce -52.2% | 0.25% | −0.27 |
| ICE Intercontinental Exchange Inc. | Reduce -7.2% | 2.41% | −0.26 |
| VZ Verizon Communications Inc. | Reduce -8.5% | 1.48% | −0.25 |
| GWRE Guidewire Software Inc. | Reduce -54.5% | 0.19% | −0.24 |
| EFX Equifax Inc. | Reduce -5.7% | 1.10% | −0.19 |
| NTR Nutrien Ltd. | Sold out | 0.00% | −0.16 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.16 |
| BIIB Biogen Inc. | Sold out | 0.00% | −0.15 |
| SPGI S&P Global Inc. | Reduce -5.5% | 2.46% | −0.12 |
| AVTR Avantor Inc. | Sold out | 0.00% | −0.12 |
| PG The Procter & Gamble Co. | Reduce -7.8% | 1.30% | −0.09 |
| PGR Progressive Corp. | Reduce -25.5% | 0.24% | −0.09 |
| MSFT Microsoft Corp. | Reduce -3.8% | 5.60% | −0.08 |
| SNPS Synopsys Inc. | Reduce -5.6% | 1.27% | −0.07 |
| ARE Alexandria Real Estate Equit | Sold out | 0.00% | −0.07 |
| ALGN Align Technology Inc. | Reduce -16.8% | 0.15% | −0.06 |
| SYK Stryker Corp. | Reduce -6.8% | 1.57% | −0.04 |
| TRU Transunion | Reduce -6.5% | 0.24% | −0.04 |
| CSGP Costar Group Inc. | Reduce -94.8% | 0.00% | −0.04 |
| INTC Intel Corp. | Reduce -16.4% | 0.10% | −0.03 |
| HOLX Hologic Inc. | Reduce -9.0% | 0.17% | −0.03 |
| IQV Iqvia Holdings Inc. | Reduce -5.2% | 0.15% | −0.03 |
| CBOE Cboe Global Markets Inc. | Reduce -9.9% | 0.22% | −0.02 |
| OTIS Otis Worldwide Corp. | Reduce -6.3% | 0.16% | −0.02 |
| AZO AutoZone Inc. | Reduce -7.0% | 1.98% | −0.02 |
| A Agilent Technologies Inc. | Reduce -0.2% | 0.34% | −0.02 |
| ROP Roper Technologies Inc. | Reduce -6.3% | 0.21% | −0.02 |
| MBB iShares MBS ETF | Reduce -33.4% | 0.03% | −0.02 |
| INTU Intuit Inc. | Reduce -6.4% | 1.56% | −0.01 |
| GPN Global Payments Inc. | Reduce -16.2% | 0.27% | −0.01 |
| MTD Mettler-Toledo International | Reduce -1.3% | 0.05% | −0.01 |
| IDXX Idexx Laboratories Inc. | Reduce -1.3% | 0.04% | −0.01 |
| ROST Ross Stores Inc. | Reduce -6.5% | 0.46% | −0.01 |
| RSG Republic Services Inc. | Reduce -8.0% | 0.19% | −0.01 |
| DE Deere & Co. | Reduce -6.0% | 3.25% | −0.00 |
| RGEN Repligen Corp. | Reduce -4.0% | 0.12% | −0.00 |
| TTD Trade Desk Inc./the Class A | Reduce -12.0% | 0.23% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| VRTX Vertex Pharmaceuticals Inc. | New | 1.62% | +1.62 |
| LLY Eli Lilly & Co. | Add +38959.8% | 1.60% | +1.60 |
| FERG Ferguson Enterprises Inc. | Add +944.4% | 1.36% | +1.22 |
| WDAY Workday Inc. Class A | Add +562.2% | 1.40% | +1.21 |
| KLAC KLA Corp. | Add +381.3% | 1.03% | +0.78 |
| WM Waste Management Inc. | Add +22.5% | 2.81% | +0.56 |
| DHR Danaher Corp. | Add +31.8% | 1.58% | +0.19 |
| ABNB Airbnb Inc. Class A | Add +8324.9% | 0.19% | +0.19 |
| V Visa Inc. Class A | Add +2622.9% | 0.18% | +0.18 |
| AZN Astrazeneca PLC-Spons ADR | Add +15819.8% | 0.17% | +0.17 |
| TMO Thermo Fisher Scientific Inc. | Add +25.1% | 1.63% | +0.15 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.11% | +0.11 |
| TEAM Atlassian Corp. Class A | Add +1.3% | 0.18% | +0.07 |
| XYZ Block Inc. | New | 0.06% | +0.06 |
| BEPC Brookfield Renewable Corp. | Add +46.6% | 0.24% | +0.06 |
| WDC Western Digital Corp. | Add +24.5% | 0.39% | +0.05 |
| SCHW Schwab (charles) Corp. | Add +0.0% | 0.28% | +0.05 |
| POOL Pool Corp. | Add +33.9% | 0.21% | +0.04 |
| ROK Rockwell Automation Inc. | New | 0.04% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.2% | 0.21% | +0.03 |
| TFC Truist Financial Corp. | Add +8.9% | 0.21% | +0.03 |
| XYL Xylem Inc. | Add +29.7% | 0.19% | +0.03 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Add +4.9% | 0.30% | +0.02 |
| LRCX Lam Research Corp. | Add +27.9% | 0.14% | +0.02 |
| DDOG Datadog Inc. Class A | Add +1.5% | 0.06% | +0.01 |
| ODFL Old Dominion Freight Line | Add +13.4% | 0.20% | +0.01 |
| WST West Pharmaceutical Services | Add +7.0% | 0.05% | +0.01 |
| BIO Bio-Rad Laboratories-A | Add +0.0% | 0.23% | +0.01 |
| NICE Nice Ltd. - Spon ADR | Add +0.1% | 0.20% | +0.00 |
| TER Teradyne Inc. | Add +8.4% | 0.07% | +0.00 |
| UNH Unitedhealth Group Inc. | Add +11.5% | 0.24% | +0.00 |
| DASH DoorDash Inc. Class A | New | 0.00% | +0.00 |
| EXAS Exact Sciences Corp. | New | 0.00% | +0.00 |
| NTRA Natera Inc. | Add +11.8% | 0.00% | +0.00 |
| ARES Ares Management Corp. Class A | Add +7.9% | 0.00% | +0.00 |
| NFLX Netflix Inc. | Add +8.7% | 0.00% | +0.00 |
| CMG Chipotle Mexican Grill Inc. | Add +14.0% | 0.00% | +0.00 |
| ISRG Intuitive Surgical Inc. | Add +8.7% | 0.00% | +0.00 |
| MELI MercadoLibre Inc. | Add +16.1% | 0.07% | +0.00 |
| BSX Boston Scientific Corp. | Add +0.7% | 0.00% | +0.00 |
| AMD Advanced Micro Devices | Add +42.5% | 0.00% | +0.00 |
| MPWR Monolithic Power Systems Inc. | Add +24.8% | 0.04% | −0.01 |
| UNP Union Pacific Corp. | Add +0.0% | 0.24% | −0.01 |
| CMCSA Comcast Corp. Class A | Add +0.1% | 0.16% | −0.01 |
| PFE Pfizer Inc. | Add +0.1% | 0.26% | −0.01 |
| MU Micron Technology Inc. | Add +0.0% | 0.20% | −0.03 |
| BAX Baxter International Inc. | Add +0.1% | 0.14% | −0.04 |
| AMAT Applied Materials Inc. | Add +4.7% | 1.30% | −0.17 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 135 | $37.4B | GOOGL, AMAT, MSFT, NVDA, AMZN |
| Q1 2026 | 135 | $34.1B | GOOGL, NVDA, MSFT, AMZN, AAPL |
| Q4 2025 | 138 | $38.6B | MSFT, GOOGL, AMZN, NVDA, AAPL |
| Q3 2025 | 147 | $43.3B | MSFT, NVDA, GOOGL, AMZN, DE |
| Q2 2025 | 148 | $43.4B | MSFT, NVDA, AMZN, GOOGL, DE |
| Q1 2025 | 135 | $41.6B | MSFT, AMZN, NVDA, DE, GOOGL |
| Q4 2024 | 126 | $45.0B | MSFT, AMZN, NVDA, GOOGL, DE |
| Q3 2024 | 126 | $47.1B | MSFT, NVDA, AMZN, GOOGL, O |
| Q2 2024 | 129 | $45.9B | MSFT, GOOGL, NVDA, AAPL, CRM |
| Q1 2024 | 135 | $46.8B | MSFT, GOOGL, NVDA, CRM, BAC |