Parnassus Investments, LLC

Name: PARNASSUS INVESTMENTS, LLC 13F holdings, Q1 2025
Creator: PARNASSUS INVESTMENTS, LLC
Published: 2025-05-15

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Parnassus Investments, LLC reported 135 stock positions worth $41.6 billion. Its top holding was Microsoft (MSFT) at 5.8% of the portfolio, followed by Amazon.com (AMZN, 4.7%) and Nvidia (NVDA, 3.7%). Compared with Q4 2024, it opened 16 new positions, sold out of 8, added to 33 and reduced 78. The biggest buy was a new position in Brown & Brown (BRO) and the biggest sale Verizon Communications (VZ, shares −80%).

Most Recent 13F: Q2 2026
Location: San Francisco, CA
CIK: 0000948669
Portfolio Value: $41.6B (Q1 2025)
SEC Filing: 0001172661-25-001923 ↗ filed May 15, 2025

Holdings Value

Holdings 135 stocks · $41.6B


MSFT Microsoft Corp.	5.82%	6,450,971	$2.4B	Add +8.0%
AMZN Amazon.com Inc.	4.69%	10,255,446	$2.0B	Reduce -8.2%
NVDA Nvidia Corp.	3.75%	14,381,095	$1.6B	Reduce -11.3%
DE Deere & Co.	3.62%	3,207,917	$1.5B	Reduce -7.0%
GOOGL Alphabet Inc. Class A	3.59%	9,660,930	$1.5B	Reduce -7.6%
WM Waste Management Inc.	3.30%	5,924,176	$1.4B	Reduce -5.5%
MA Mastercard Inc. Class A	2.93%	2,224,314	$1.2B	Reduce -15.7%
ICE Intercontinental Exchange Inc.	2.85%	6,881,733	$1.2B	Reduce -5.4%
O Realty Income Corp.	2.65%	19,022,589	$1.1B	Reduce -16.2%
SPGI S&P Global Inc.	2.57%	2,105,041	$1.1B	Reduce -5.5%
AZO AutoZone Inc.	2.39%	260,634	$993.7M	Reduce -6.4%
LIN Linde PLC	2.29%	2,049,551	$954.4M	Reduce -5.1%
FISV Fiserv Inc.	2.29%	4,310,410	$951.9M	Reduce -11.3%
CI The Cigna Group	2.28%	2,885,583	$949.4M	Add +3.1%
BRO Brown & Brown Inc.	2.16%	7,227,805	$899.1M	New
VRTX Vertex Pharmaceuticals Inc.	2.07%	1,772,718	$859.4M	Reduce -2.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP	2.03%	20,279,859	$846.3M	Reduce -4.3%
AAPL Apple Inc.	1.99%	3,732,051	$829.0M	Reduce -5.2%
BALL Ball Corp.	1.95%	15,563,406	$810.4M	Reduce -17.4%
AVGO Broadcom Inc.	1.92%	4,765,518	$797.9M	Reduce -10.3%
DHR Danaher Corp.	1.89%	3,828,024	$784.7M	Add +23.3%
LLY Eli Lilly & Co.	1.75%	882,780	$729.1M	Reduce -5.5%
INTU Intuit Inc.	1.72%	1,168,978	$717.7M	Add +4.6%
TMO Thermo Fisher Scientific Inc.	1.70%	1,420,431	$706.8M	Add +0.7%
WDAY Workday Inc. Class A	1.68%	2,996,429	$699.8M	Add +22.4%
SYK Stryker Corp.	1.64%	1,835,779	$683.4M	Reduce -6.8%
MRSH Marsh & McLennan Cos	1.64%	2,797,477	$682.7M	Reduce -21.6%
CRM Salesforce Inc.	1.61%	2,501,600	$671.3M	Reduce -22.5%
SNPS Synopsys Inc.	1.40%	1,363,310	$584.7M	Add +15.5%
PG The Procter & Gamble Co.	1.39%	3,390,048	$577.7M	Reduce -3.1%
FERG Ferguson Enterprises Inc.	1.26%	3,264,116	$523.0M	Reduce -7.7%
NOW ServiceNow Inc.	1.25%	652,908	$519.8M	New
AMAT Applied Materials Inc.	1.19%	3,404,614	$494.1M	Reduce -5.3%
MAR Marriott International Class A	1.16%	2,023,277	$481.9M	Reduce -8.2%
COST Costco Wholesale Corp.	1.15%	507,363	$479.9M	Reduce -28.6%
SHW The Sherwin-Williams Co.	1.12%	1,333,941	$465.8M	Reduce -33.5%
KLAC KLA Corp.	1.10%	670,441	$455.8M	Reduce -8.6%
EFX Equifax Inc.	1.07%	1,836,527	$447.3M	Reduce -5.7%
AMD Advanced Micro Devices	1.02%	4,142,418	$425.6M	Add +47883.5%
ORCL Oracle Corp.	0.95%	2,833,081	$396.1M	Reduce -17.6%
VRSK Verisk Analytics Inc.	0.84%	1,167,895	$347.6M	Reduce -40.9%
CBRE CBRE Group Inc. Class A	0.58%	1,835,456	$240.0M	Reduce -6.5%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.53%	2,648,918	$222.2M	Reduce -8.0%
A Agilent Technologies Inc.	0.44%	1,577,999	$184.6M	Add +38.3%
DHI D.R. Horton Inc.	0.40%	1,301,393	$165.4M	Reduce -68.3%
SYY Sysco Corp.	0.37%	2,043,378	$153.3M	Add +0.1%
VZ Verizon Communications Inc.	0.36%	3,304,258	$149.9M	Reduce -80.1%
BEPC Brookfield Renewable Corp.	0.33%	4,855,793	$135.6M	Add +24.2%
PGR Progressive Corp.	0.28%	411,589	$116.5M	Reduce -8.4%
UNH Unitedhealth Group Inc.	0.28%	220,796	$115.6M	Add +4.5%
UNP Union Pacific Corp.	0.27%	483,883	$114.3M	Add +0.1%
PFE Pfizer Inc.	0.27%	4,401,705	$111.5M	Add +0.2%
SPG Simon Property Group Inc.	0.27%	670,528	$111.4M	Reduce -6.7%
JBHT Hunt (jb) Transprt SVCS Inc.	0.27%	748,273	$110.7M	Reduce -5.3%
CMI Cummins Inc.	0.26%	350,969	$110.0M	Reduce -7.7%
GPN Global Payments Inc.	0.26%	1,098,035	$107.5M	No change
BR Broadridge Financial Solutio	0.26%	438,481	$106.3M	Reduce -4.6%
WDC Western Digital Corp.	0.25%	2,553,614	$103.2M	Reduce -14.3%
SCHW Schwab (charles) Corp.	0.25%	1,307,324	$102.3M	Reduce -22.9%
FIS Fidelity National Info Serv	0.24%	1,314,627	$98.2M	Reduce -6.7%
RSG Republic Services Inc.	0.23%	403,561	$97.7M	Reduce -6.2%
V Visa Inc. Class A	0.23%	270,977	$95.0M	Add +4.2%
ORLY O'reilly Automotive Inc.	0.23%	65,534	$93.9M	Reduce -16.8%
CBOE Cboe Global Markets Inc.	0.22%	408,205	$92.4M	Reduce -19.5%
JPM JPMorgan Chase & Co.	0.22%	373,822	$91.7M	New
FDX FedEx Corp.	0.22%	369,368	$90.0M	Add +22.6%
AZN Astrazeneca PLC-Spons ADR	0.22%	1,224,759	$90.0M	Add +3.9%
TRU Transunion	0.21%	1,075,670	$89.3M	Reduce -7.9%
C Citigroup Inc.	0.21%	1,252,436	$88.9M	Reduce -27.4%
ADSK Autodesk Inc.	0.21%	333,499	$87.3M	Reduce -5.1%
ALL Allstate Corp.	0.21%	420,771	$87.1M	Reduce -5.8%
MU Micron Technology Inc.	0.20%	978,092	$85.0M	Reduce -7.5%
NICE Nice Ltd. - Spon ADR	0.20%	550,462	$84.9M	Add +6.4%
ABNB Airbnb Inc. Class A	0.20%	706,775	$84.4M	Add +7.8%
CME Cme Group Inc.	0.20%	315,979	$83.8M	Reduce -13.9%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC	0.20%	1,496,796	$81.9M	Add +73.4%
XYL Xylem Inc.	0.20%	683,663	$81.7M	Reduce -7.0%
TFC Truist Financial Corp.	0.20%	1,982,313	$81.6M	Reduce -7.5%
TSM Taiwan Semiconductor-SP ADR	0.19%	487,374	$80.9M	Add +0.2%
BAX Baxter International Inc.	0.19%	2,303,048	$78.8M	Add +3.3%
ODFL Old Dominion Freight Line	0.19%	473,262	$78.3M	Reduce -5.2%
BIO Bio-Rad Laboratories-A	0.19%	318,111	$77.5M	Add +2.3%
GILD Gilead Sciences Inc.	0.17%	642,590	$72.0M	Reduce -44.2%
CMCSA Comcast Corp. Class A	0.17%	1,925,525	$71.1M	Add +0.2%
WRB WR Berkley Corp. filed as BERKLEY W R CORP	0.17%	978,174	$69.6M	Reduce -7.8%
GWRE Guidewire Software Inc.	0.17%	368,125	$69.0M	Reduce -26.3%
POOL Pool Corp.	0.16%	211,235	$67.2M	Reduce -22.9%
NVO Novo-Nordisk A/S-Spons ADR	0.15%	926,083	$64.3M	Add +56.0%
USFD US Foods Holding Corp.	0.15%	980,733	$64.2M	New
ROP Roper Technologies Inc.	0.15%	104,184	$61.4M	Reduce -41.8%
HUBB Hubbell Inc.	0.14%	173,558	$57.4M	New
LRCX Lam Research Corp.	0.13%	772,458	$56.2M	Reduce -8.8%
HLT Hilton Worldwide Holdings Inc.	0.13%	246,404	$56.1M	Reduce -8.7%
IQV Iqvia Holdings Inc.	0.13%	308,267	$54.3M	Reduce -7.8%
TEAM Atlassian Corp. Class A	0.13%	255,350	$54.2M	Reduce -21.5%
HOLX Hologic Inc.	0.11%	726,871	$44.9M	Reduce -31.6%
CPRT Copart Inc.	0.10%	758,831	$42.9M	New
PNR Pentair PLC	0.10%	474,833	$41.5M	Reduce -8.1%
INTC Intel Corp.	0.10%	1,812,124	$41.2M	Reduce -17.9%
FTNT Fortinet Inc.	0.09%	404,370	$38.9M	Reduce -70.2%

Show all 135 holdings

Portfolio Sells Q4 2024 → Q1 2025


VZ Verizon Communications Inc.	Reduce -80.1%	0.36%	−1.12
NVDA Nvidia Corp.	Reduce -11.3%	3.75%	−1.09
DHI D.R. Horton Inc.	Reduce -68.3%	0.40%	−0.88
AVGO Broadcom Inc.	Reduce -10.3%	1.92%	−0.82
GOOGL Alphabet Inc. Class A	Reduce -7.6%	3.59%	−0.81
CRM Salesforce Inc.	Reduce -22.5%	1.61%	−0.78
AMZN Amazon.com Inc.	Reduce -8.2%	4.69%	−0.75
ROST Ross Stores Inc.	Sold out	0.00%	−0.46
SHW The Sherwin-Williams Co.	Reduce -33.5%	1.12%	−0.39
VRSK Verisk Analytics Inc.	Reduce -40.9%	0.84%	−0.37
BALL Ball Corp.	Reduce -17.4%	1.95%	−0.36
ORCL Oracle Corp.	Reduce -17.6%	0.95%	−0.32
COST Costco Wholesale Corp.	Reduce -28.6%	1.15%	−0.29
MAR Marriott International Class A	Reduce -8.2%	1.16%	−0.21
AAPL Apple Inc.	Reduce -5.2%	1.99%	−0.20
FTNT Fortinet Inc.	Reduce -70.2%	0.09%	−0.19
OTIS Otis Worldwide Corp.	Sold out	0.00%	−0.16
MA Mastercard Inc. Class A	Reduce -15.7%	2.93%	−0.16
ALGN Align Technology Inc.	Sold out	0.00%	−0.15
WDC Western Digital Corp.	Reduce -14.3%	0.25%	−0.15
AMAT Applied Materials Inc.	Reduce -5.3%	1.19%	−0.11
FERG Ferguson Enterprises Inc.	Reduce -7.7%	1.26%	−0.11
GILD Gilead Sciences Inc.	Reduce -44.2%	0.17%	−0.06
HOLX Hologic Inc.	Reduce -31.6%	0.11%	−0.06
ROP Roper Technologies Inc.	Reduce -41.8%	0.15%	−0.06
C Citigroup Inc.	Reduce -27.4%	0.21%	−0.06
POOL Pool Corp.	Reduce -22.9%	0.16%	−0.05
TEAM Atlassian Corp. Class A	Reduce -21.5%	0.13%	−0.05
MRSH Marsh & McLennan Cos	Reduce -21.6%	1.64%	−0.04
O Realty Income Corp.	Reduce -16.2%	2.65%	−0.04
RGEN Repligen Corp.	Reduce -30.5%	0.08%	−0.04
TT Trane Technologies PLC	Reduce -50.9%	0.04%	−0.04
BAC Bank of America Corp.	Reduce -4.3%	2.03%	−0.03
JBHT Hunt (jb) Transprt SVCS Inc.	Reduce -5.3%	0.27%	−0.03
SCHW Schwab (charles) Corp.	Reduce -22.9%	0.25%	−0.03
MBB iShares MBS ETF	Sold out	0.00%	−0.03
CMI Cummins Inc.	Reduce -7.7%	0.26%	−0.03
EFX Equifax Inc.	Reduce -5.7%	1.07%	−0.03
TRU Transunion	Reduce -7.9%	0.21%	−0.03
CTAS Cintas Corp.	Sold out	0.00%	−0.03
GWRE Guidewire Software Inc.	Reduce -26.3%	0.17%	−0.02
ADSK Autodesk Inc.	Reduce -5.1%	0.21%	−0.02
SNDK Sandisk Corp.	Reduce -24.3%	0.09%	−0.02
FIS Fidelity National Info Serv	Reduce -6.7%	0.24%	−0.02
PNR Pentair PLC	Reduce -8.1%	0.10%	−0.02
IQV Iqvia Holdings Inc.	Reduce -7.8%	0.13%	−0.02
HLT Hilton Worldwide Holdings Inc.	Reduce -8.7%	0.13%	−0.01
MORN Morningstar Inc.	Reduce -22.6%	0.04%	−0.01
TFC Truist Financial Corp.	Reduce -7.5%	0.20%	−0.01
MSCI MSCI Inc.	Reduce -21.0%	0.04%	−0.01

Portfolio Buys Q4 2024 → Q1 2025


BRO Brown & Brown Inc.	New	2.16%	+2.16
NOW ServiceNow Inc.	New	1.25%	+1.25
AMD Advanced Micro Devices	Add +47883.5%	1.02%	+1.02
CI The Cigna Group	Add +3.1%	2.28%	+0.56
DHR Danaher Corp.	Add +23.3%	1.89%	+0.30
WDAY Workday Inc. Class A	Add +22.4%	1.68%	+0.28
MSFT Microsoft Corp.	Add +8.0%	5.82%	+0.22
JPM JPMorgan Chase & Co.	New	0.22%	+0.22
INTU Intuit Inc.	Add +4.6%	1.72%	+0.16
USFD US Foods Holding Corp.	New	0.15%	+0.15
HUBB Hubbell Inc.	New	0.14%	+0.14
SNPS Synopsys Inc.	Add +15.5%	1.40%	+0.13
CPRT Copart Inc.	New	0.10%	+0.10
A Agilent Technologies Inc.	Add +38.3%	0.44%	+0.10
KEY Keycorp	New	0.09%	+0.09
BEPC Brookfield Renewable Corp.	Add +24.2%	0.33%	+0.09
TMO Thermo Fisher Scientific Inc.	Add +0.7%	1.70%	+0.07
V Visa Inc. Class A	Add +4.2%	0.23%	+0.05
BAX Baxter International Inc.	Add +3.3%	0.19%	+0.04
AZN Astrazeneca PLC-Spons ADR	Add +3.9%	0.22%	+0.04
APP AppLovin Corp. Class A	New	0.04%	+0.04
NVO Novo-Nordisk A/S-Spons ADR	Add +56.0%	0.15%	+0.04
UNH Unitedhealth Group Inc.	Add +4.5%	0.28%	+0.04
BILL Bill Holdings Inc.	New	0.04%	+0.04
HOOD Robinhood Markets Inc. Class A	New	0.04%	+0.04
BLDR Builders Firstsource Inc.	New	0.03%	+0.03
UNP Union Pacific Corp.	Add +0.1%	0.27%	+0.03
FDX FedEx Corp.	Add +22.6%	0.22%	+0.03
ARES Ares Management Corp. Class A	Add +991.1%	0.03%	+0.03
ICLR Icon PLC	New	0.02%	+0.02
CMG Chipotle Mexican Grill Inc.	Add +970.6%	0.02%	+0.02
SYY Sysco Corp.	Add +0.1%	0.37%	+0.02
NTRA Natera Inc.	Add +479.6%	0.02%	+0.02
ABNB Airbnb Inc. Class A	Add +7.8%	0.20%	+0.01
CMCSA Comcast Corp. Class A	Add +0.2%	0.17%	+0.01
PFE Pfizer Inc.	Add +0.2%	0.27%	+0.01
NICE Nice Ltd. - Spon ADR	Add +6.4%	0.20%	+0.01
APPF Appfolio Inc. Class A	New	0.00%	+0.00
PTC PTC Inc.	Add +16.4%	0.04%	+0.00
GEV GE Vernova Inc.	New	0.00%	+0.00
ASML ASML Holding NV-NY Reg SHS	New	0.00%	+0.00
SN Sharkninja Inc.	New	0.00%	+0.00
BSX Boston Scientific Corp.	Add +1.4%	0.00%	+0.00
DASH DoorDash Inc. Class A	Add +0.0%	0.00%	+0.00
NFLX Netflix Inc.	Add +0.2%	0.00%	+0.00
DDOG Datadog Inc. Class A	Add +0.1%	0.04%	−0.01
TSM Taiwan Semiconductor-SP ADR	Add +0.2%	0.19%	−0.02
TTD Trade Desk Inc./the Class A	Add +73.4%	0.20%	−0.03
BIO Bio-Rad Laboratories-A	Add +2.3%	0.19%	−0.04

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