Parnassus Investments, LLC

Name: PARNASSUS INVESTMENTS, LLC 13F holdings, Q3 2025
Creator: PARNASSUS INVESTMENTS, LLC
Published: 2025-10-24

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

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 24, 2025), Parnassus Investments, LLC reported 147 stock positions worth $43.3 billion. Its top holding was Microsoft (MSFT) at 5.6% of the portfolio, followed by Nvidia (NVDA, 5.3%) and Alphabet Class A (GOOGL, 5.1%). Compared with Q2 2025, it opened 7 new positions, sold out of 8, added to 46 and reduced 94. The biggest buy was a new position in WW Grainger (GWW) and the biggest sale an exit from Intuit (INTU).

Most Recent 13F: Q2 2026
Location: San Francisco, CA
CIK: 0000948669
Portfolio Value: $43.3B (Q3 2025)
SEC Filing: 0001172661-25-004416 ↗ filed Oct 24, 2025

Holdings Value

Holdings 147 stocks · $43.3B


MSFT Microsoft Corp.	5.62%	4,690,425	$2.4B	Reduce -10.6%
NVDA Nvidia Corp.	5.34%	12,386,339	$2.3B	Reduce -14.0%
GOOGL Alphabet Inc. Class A	5.14%	9,140,511	$2.2B	Reduce -7.6%
AMZN Amazon.com Inc.	5.06%	9,970,124	$2.2B	Reduce -3.7%
DE Deere & Co.	3.27%	3,093,334	$1.4B	Reduce -1.2%
WM Waste Management Inc.	2.87%	5,613,315	$1.2B	Reduce -1.7%
DHR Danaher Corp.	2.83%	6,171,104	$1.2B	Reduce -2.3%
MA Mastercard Inc. Class A	2.79%	2,123,059	$1.2B	Reduce -0.7%
O Realty Income Corp.	2.54%	18,066,603	$1.1B	Reduce -1.7%
ICE Intercontinental Exchange Inc.	2.53%	6,496,975	$1.1B	Reduce -2.0%
AZO AutoZone Inc.	2.49%	250,941	$1.1B	Reduce -0.5%
TMO Thermo Fisher Scientific Inc.	2.35%	2,093,621	$1.0B	Reduce -3.3%
LIN Linde PLC	2.30%	2,096,785	$996.0M	Reduce -2.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP	2.30%	19,258,627	$993.6M	Reduce -1.2%
SPGI S&P Global Inc.	2.29%	2,032,254	$989.1M	Reduce -0.2%
AAPL Apple Inc.	2.08%	3,530,850	$899.1M	Reduce -2.1%
CRM Salesforce Inc.	2.01%	3,678,073	$871.7M	Add +48.6%
AVGO Broadcom Inc.	1.92%	2,518,191	$830.8M	Reduce -44.5%
KLAC KLA Corp.	1.80%	720,458	$777.1M	Add +10.0%
WDAY Workday Inc. Class A	1.79%	3,217,205	$774.5M	Add +13.1%
AMAT Applied Materials Inc.	1.78%	3,761,185	$770.1M	Add +12.7%
SNPS Synopsys Inc.	1.70%	1,486,955	$733.6M	Add +0.4%
GWW WW Grainger Inc. filed as GRAINGER W W INC	1.67%	756,802	$721.2M	New
FERG Ferguson Enterprises Inc.	1.57%	3,025,659	$679.5M	Reduce -3.7%
ORCL Oracle Corp.	1.56%	2,400,432	$675.1M	Reduce -13.8%
BSX Boston Scientific Corp.	1.55%	6,884,440	$672.1M	Add +42978.9%
VRTX Vertex Pharmaceuticals Inc.	1.49%	1,648,433	$645.6M	Reduce -3.7%
BRO Brown & Brown Inc.	1.48%	6,834,855	$641.0M	Reduce -2.6%
NOW ServiceNow Inc.	1.36%	638,266	$587.4M	Add +0.2%
SYK Stryker Corp.	1.35%	1,581,516	$584.6M	Reduce -11.6%
FISV Fiserv Inc.	1.22%	4,107,648	$529.6M	Reduce -2.3%
MRSH Marsh & McLennan Cos	1.20%	2,586,704	$521.3M	Reduce -2.7%
PG The Procter & Gamble Co.	1.13%	3,169,419	$487.0M	Reduce -0.8%
MAR Marriott International Class A	1.12%	1,854,516	$483.0M	Reduce -5.1%
LLY Eli Lilly & Co.	1.11%	628,280	$479.4M	Reduce -25.9%
AMD Advanced Micro Devices	1.09%	2,920,991	$472.6M	Reduce -26.8%
EFX Equifax Inc.	1.04%	1,753,435	$449.8M	Reduce -1.5%
SHW The Sherwin-Williams Co.	0.99%	1,243,059	$430.4M	Reduce -2.1%
BALL Ball Corp.	0.99%	8,469,866	$427.1M	Reduce -28.4%
COST Costco Wholesale Corp.	0.90%	420,438	$389.2M	Reduce -3.2%
VRSK Verisk Analytics Inc.	0.87%	1,492,715	$375.4M	Add +31.8%
CBRE CBRE Group Inc. Class A	0.65%	1,795,528	$282.9M	Add +0.3%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.63%	2,505,359	$273.0M	Reduce -1.6%
BEPC Brookfield Renewable Corp.	0.42%	5,337,630	$183.7M	Add +1.4%
JPM JPMorgan Chase & Co.	0.38%	523,658	$165.2M	Add +0.9%
VZ Verizon Communications Inc.	0.31%	3,040,727	$133.6M	Add +8.4%
SYY Sysco Corp.	0.30%	1,595,466	$131.4M	Add +2.0%
SCHW Schwab (charles) Corp.	0.30%	1,355,531	$129.4M	Add +3.7%
CMI Cummins Inc.	0.28%	291,491	$123.1M	Reduce -14.8%
WTW Willis Towers Watson PLC	0.28%	352,374	$121.7M	Add +3.2%
UNP Union Pacific Corp.	0.27%	487,922	$115.3M	Add +0.8%
PGR Progressive Corp.	0.26%	447,075	$110.4M	Add +13.8%
TSM Taiwan Semiconductor-SP ADR	0.25%	392,105	$109.5M	Reduce -14.3%
WDC Western Digital Corp.	0.25%	898,860	$107.9M	Reduce -37.5%
C Citigroup Inc.	0.24%	1,034,942	$105.0M	Add +1.3%
SNDK Sandisk Corp.	0.24%	925,267	$103.8M	Reduce -9.2%
HD Home Depot Inc.	0.24%	256,129	$103.8M	New
AZN Astrazeneca PLC-Spons ADR	0.23%	1,293,004	$99.2M	Add +0.5%
ADSK Autodesk Inc.	0.22%	304,643	$96.8M	Reduce -3.2%
CI The Cigna Group	0.22%	327,143	$94.3M	Add +14.4%
LRCX Lam Research Corp.	0.22%	700,715	$93.8M	Reduce -3.8%
CME Cme Group Inc.	0.22%	346,744	$93.7M	Add +10.4%
V Visa Inc. Class A	0.22%	274,141	$93.6M	Add +3.0%
BR Broadridge Financial Solutio	0.21%	380,373	$90.6M	Reduce -3.2%
BIO Bio-Rad Laboratories-A	0.20%	315,328	$88.4M	Reduce -0.6%
CBOE Cboe Global Markets Inc.	0.19%	342,751	$84.1M	Reduce -3.8%
TRU Transunion	0.19%	968,311	$81.1M	Reduce -3.8%
HLT Hilton Worldwide Holdings Inc.	0.18%	302,882	$78.6M	Reduce -2.7%
FIS Fidelity National Info Serv	0.18%	1,188,449	$78.4M	Reduce -3.8%
RSG Republic Services Inc.	0.18%	339,211	$77.8M	Reduce -3.8%
WMT Walmart Inc.	0.17%	705,359	$72.7M	Add +51.4%
FDX FedEx Corp.	0.17%	307,542	$72.5M	Reduce -19.9%
UNH Unitedhealth Group Inc.	0.17%	208,917	$72.1M	Add +0.1%
ORLY O'reilly Automotive Inc.	0.17%	666,374	$71.8M	Reduce -3.3%
XYL Xylem Inc.	0.16%	482,904	$71.2M	Reduce -3.8%
ABT Abbott Laboratories	0.16%	524,454	$70.2M	New
NICE Nice Ltd. - Spon ADR	0.16%	468,906	$67.9M	Add +0.5%
USFD US Foods Holding Corp.	0.16%	876,691	$67.2M	Reduce -3.8%
WRB WR Berkley Corp. filed as BERKLEY W R CORP	0.15%	860,766	$66.0M	Reduce -3.8%
DHI D.R. Horton Inc.	0.15%	388,335	$65.8M	Reduce -69.9%
ARES Ares Management Corp. Class A	0.15%	410,100	$65.6M	Reduce -2.9%
TFC Truist Financial Corp.	0.15%	1,421,042	$65.0M	Reduce -3.8%
CMCSA Comcast Corp. Class A	0.15%	2,045,409	$64.3M	Add +2.8%
HUBB Hubbell Inc.	0.14%	140,685	$60.5M	Reduce -13.9%
MU Micron Technology Inc.	0.14%	358,210	$59.9M	Reduce -33.1%
POOL Pool Corp.	0.14%	191,794	$59.5M	Reduce -3.0%
A Agilent Technologies Inc.	0.14%	460,456	$59.1M	Reduce -31.7%
VMC Vulcan Materials Co.	0.14%	190,620	$58.6M	Reduce -3.6%
REGN Regeneron Pharmaceuticals	0.13%	101,023	$56.8M	Reduce -0.1%
NVO Novo-Nordisk A/S-Spons ADR	0.13%	1,013,684	$56.2M	Add +0.2%
INTC Intel Corp.	0.13%	1,645,123	$55.2M	Reduce -15.9%
CSGP Costar Group Inc.	0.12%	636,974	$53.7M	Reduce -2.8%
GWRE Guidewire Software Inc.	0.12%	225,282	$51.8M	Reduce -2.6%
BILL Bill Holdings Inc.	0.11%	905,585	$48.0M	Add +191.5%
PNR Pentair PLC	0.11%	426,906	$47.3M	Reduce -3.8%
TEAM Atlassian Corp. Class A	0.11%	295,909	$47.3M	Reduce -2.7%
ALL Allstate Corp.	0.11%	218,526	$46.9M	Reduce -3.8%
ROP Roper Technologies Inc.	0.11%	93,440	$46.6M	Reduce -3.8%
PODD Insulet Corp.	0.11%	150,699	$46.5M	New
ALC Alcon Inc. filed as ALCON AG	0.10%	609,610	$45.4M	Reduce -33.5%
IQV Iqvia Holdings Inc.	0.09%	199,552	$37.9M	Reduce -3.8%
EW Edwards Lifesciences Corp.	0.09%	474,917	$36.9M	New
NXPI NXP Semiconductors NV	0.08%	161,077	$36.7M	New
TER Teradyne Inc.	0.07%	230,408	$31.7M	Reduce -1.1%
SARO Standardaero Inc.	0.07%	1,139,581	$31.1M	Add +120.9%
NET Cloudflare Inc. Class A	0.06%	129,569	$27.8M	Reduce -0.8%
HOOD Robinhood Markets Inc. Class A	0.06%	185,832	$26.6M	Reduce -1.1%
DDOG Datadog Inc. Class A	0.06%	181,525	$25.8M	Reduce -0.6%
MPWR Monolithic Power Systems Inc.	0.06%	27,411	$25.2M	Reduce -1.1%
ODFL Old Dominion Freight Line	0.06%	177,577	$25.0M	Reduce -57.5%
MELI MercadoLibre Inc.	0.05%	10,008	$23.4M	Reduce -0.8%
PTC PTC Inc.	0.05%	109,308	$22.2M	Reduce -0.8%
ROK Rockwell Automation Inc.	0.05%	60,163	$21.0M	Reduce -1.1%
IDXX Idexx Laboratories Inc.	0.05%	32,877	$21.0M	Reduce -1.1%
RCL Royal Caribbean Cruises Ltd.	0.04%	59,717	$19.3M	Reduce -1.1%
CDNS Cadence Design SYS Inc.	0.04%	50,764	$17.8M	Reduce -1.1%
CMG Chipotle Mexican Grill Inc.	0.04%	450,355	$17.6M	Add +16.9%
TT Trane Technologies PLC	0.04%	41,749	$17.6M	Reduce -1.1%
ALNY Alnylam Pharmaceuticals Inc.	0.04%	37,014	$16.9M	Reduce -1.1%
MTD Mettler-Toledo International	0.04%	13,535	$16.6M	Reduce -1.1%
APP AppLovin Corp. Class A	0.04%	22,707	$16.3M	Reduce -0.6%
BLDR Builders Firstsource Inc.	0.04%	126,309	$15.3M	Reduce -1.1%
MSCI MSCI Inc.	0.03%	21,742	$12.3M	Reduce -1.1%
NTRA Natera Inc.	0.03%	68,236	$11.0M	Reduce -2.0%
PCOR Procore Technologies Inc.	0.02%	141,273	$10.3M	Reduce -1.1%
MORN Morningstar Inc.	0.02%	42,488	$9.9M	Reduce -1.1%
WST West Pharmaceutical Services	0.02%	33,568	$8.8M	Reduce -51.5%
XYZ Block Inc.	0.02%	120,615	$8.7M	Reduce -1.1%
SN Sharkninja Inc.	0.02%	83,447	$8.6M	Reduce -1.1%
ASML ASML Holding NV-NY Reg SHS	0.00%	2,142	$2.1M	Add +53.1%
APPF Appfolio Inc. Class A	0.00%	7,388	$2.0M	Add +7.7%
DASH DoorDash Inc. Class A	0.00%	6,554	$1.8M	Add +8.7%
GEV GE Vernova Inc.	0.00%	2,873	$1.8M	Add +9.1%
NFLX Netflix Inc.	0.00%	1,374	$1.6M	Add +5.7%
INSM Insmed Inc.	0.00%	8,727	$1.3M	Add +10.1%
ISRG Intuitive Surgical Inc.	0.00%	2,789	$1.2M	Add +2.8%
SE Sea Ltd.-ADR	0.00%	2,910	$520K	Add +13.3%
RELX Relx PLC - Spon ADR	0.00%	8,563	$409K	Add +64.5%
SAP Sap SE-Sponsored ADR	0.00%	1,222	$327K	Add +9.8%
CRH CRH PLC	0.00%	2,592	$311K	Add +9.4%
YMM Full Truck Alliance -SPN ADR	0.00%	21,547	$279K	Add +12.1%
BKNG Booking Holdings Inc.	0.00%	50	$270K	Add +11.1%
WCN Waste Connections Inc.	0.00%	1,494	$263K	Add +32.2%
SPOT Spotify Technology SA	0.00%	376	$262K	Reduce -7.2%
CCEP Coca-Cola Europacific Partne	0.00%	2,884	$261K	New
ACGL Arch Capital Group Ltd.	0.00%	2,487	$226K	Add +7.3%
CNH CNH Industrial NV	0.00%	20,174	$219K	Add +9.0%

Portfolio Sells Q2 2025 → Q3 2025


INTU Intuit Inc.	Sold out	0.00%	−2.06
AVGO Broadcom Inc.	Reduce -44.5%	1.92%	−0.96
BALL Ball Corp.	Reduce -28.4%	0.99%	−0.54
FISV Fiserv Inc.	Reduce -2.3%	1.22%	−0.45
LLY Eli Lilly & Co.	Reduce -25.9%	1.11%	−0.42
DE Deere & Co.	Reduce -1.2%	3.27%	−0.40
MSFT Microsoft Corp.	Reduce -10.6%	5.62%	−0.40
BRO Brown & Brown Inc.	Reduce -2.6%	1.48%	−0.31
SYK Stryker Corp.	Reduce -11.6%	1.35%	−0.28
ICE Intercontinental Exchange Inc.	Reduce -2.0%	2.53%	−0.28
VRTX Vertex Pharmaceuticals Inc.	Reduce -3.7%	1.49%	−0.27
DHI D.R. Horton Inc.	Reduce -69.9%	0.15%	−0.23
JBHT Hunt (jb) Transprt SVCS Inc.	Sold out	0.00%	−0.22
AMD Advanced Micro Devices	Reduce -26.8%	1.09%	−0.21
ABNB Airbnb Inc. Class A	Sold out	0.00%	−0.21
SPGI S&P Global Inc.	Reduce -0.2%	2.29%	−0.19
AMZN Amazon.com Inc.	Reduce -3.7%	5.06%	−0.18
WM Waste Management Inc.	Reduce -1.7%	2.87%	−0.15
MRSH Marsh & McLennan Cos	Reduce -2.7%	1.20%	−0.14
MAR Marriott International Class A	Reduce -5.1%	1.12%	−0.12
TTD Trade Desk Inc./the Class A	Sold out	0.00%	−0.11
CPRT Copart Inc.	Sold out	0.00%	−0.10
ODFL Old Dominion Freight Line	Reduce -57.5%	0.06%	−0.10
COST Costco Wholesale Corp.	Reduce -3.2%	0.90%	−0.09
ALC Alcon Inc.	Reduce -33.5%	0.10%	−0.08
FIS Fidelity National Info Serv	Reduce -3.8%	0.18%	−0.05
DHR Danaher Corp.	Reduce -2.3%	2.83%	−0.05
PG The Procter & Gamble Co.	Reduce -0.8%	1.13%	−0.05
A Agilent Technologies Inc.	Reduce -31.7%	0.14%	−0.05
FDX FedEx Corp.	Reduce -19.9%	0.17%	−0.03
TEAM Atlassian Corp. Class A	Reduce -2.7%	0.11%	−0.03
EFX Equifax Inc.	Reduce -1.5%	1.04%	−0.03
RSG Republic Services Inc.	Reduce -3.8%	0.18%	−0.02
ROP Roper Technologies Inc.	Reduce -3.8%	0.11%	−0.02
ICLR Icon PLC	Sold out	0.00%	−0.02
ARES Ares Management Corp. Class A	Reduce -2.9%	0.15%	−0.02
TRU Transunion	Reduce -3.8%	0.19%	−0.02
LIN Linde PLC	Reduce -2.1%	2.30%	−0.02
WST West Pharmaceutical Services	Reduce -51.5%	0.02%	−0.01
HUBB Hubbell Inc.	Reduce -13.9%	0.14%	−0.01
MU Micron Technology Inc.	Reduce -33.1%	0.14%	−0.01
BR Broadridge Financial Solutio	Reduce -3.2%	0.21%	−0.01
SHW The Sherwin-Williams Co.	Reduce -2.1%	0.99%	−0.01
HLT Hilton Worldwide Holdings Inc.	Reduce -2.7%	0.18%	−0.01
MORN Morningstar Inc.	Reduce -1.1%	0.02%	−0.01
FERG Ferguson Enterprises Inc.	Reduce -3.7%	1.57%	−0.01
MELI MercadoLibre Inc.	Reduce -0.8%	0.05%	−0.01
USFD US Foods Holding Corp.	Reduce -3.8%	0.16%	−0.01
GWRE Guidewire Software Inc.	Reduce -2.6%	0.12%	−0.01
TT Trane Technologies PLC	Reduce -1.1%	0.04%	−0.00

Portfolio Buys Q2 2025 → Q3 2025


GWW WW Grainger Inc.	New	1.67%	+1.67
BSX Boston Scientific Corp.	Add +42978.9%	1.55%	+1.55
CRM Salesforce Inc.	Add +48.6%	2.01%	+0.46
KLAC KLA Corp.	Add +10.0%	1.80%	+0.44
AMAT Applied Materials Inc.	Add +12.7%	1.78%	+0.37
HD Home Depot Inc.	New	0.24%	+0.24
WDAY Workday Inc. Class A	Add +13.1%	1.79%	+0.21
ABT Abbott Laboratories	New	0.16%	+0.16
PODD Insulet Corp.	New	0.11%	+0.11
EW Edwards Lifesciences Corp.	New	0.09%	+0.09
NXPI NXP Semiconductors NV	New	0.08%	+0.08
BILL Bill Holdings Inc.	Add +191.5%	0.11%	+0.08
CBRE CBRE Group Inc. Class A	Add +0.3%	0.65%	+0.08
WMT Walmart Inc.	Add +51.4%	0.17%	+0.06
VRSK Verisk Analytics Inc.	Add +31.8%	0.87%	+0.05
C Citigroup Inc.	Add +1.3%	0.24%	+0.04
WTW Willis Towers Watson PLC	Add +3.2%	0.28%	+0.04
JPM JPMorgan Chase & Co.	Add +0.9%	0.38%	+0.03
SARO Standardaero Inc.	Add +120.9%	0.07%	+0.03
SYY Sysco Corp.	Add +2.0%	0.30%	+0.03
VZ Verizon Communications Inc.	Add +8.4%	0.31%	+0.03
BEPC Brookfield Renewable Corp.	Add +1.4%	0.42%	+0.03
SCHW Schwab (charles) Corp.	Add +3.7%	0.30%	+0.02
AZN Astrazeneca PLC-Spons ADR	Add +0.5%	0.23%	+0.02
CME Cme Group Inc.	Add +10.4%	0.22%	+0.02
UNH Unitedhealth Group Inc.	Add +0.1%	0.17%	+0.02
PGR Progressive Corp.	Add +13.8%	0.26%	+0.01
UNP Union Pacific Corp.	Add +0.8%	0.27%	+0.01
ASML ASML Holding NV-NY Reg SHS	Add +53.1%	0.00%	+0.00
APPF Appfolio Inc. Class A	Add +7.7%	0.00%	+0.00
INSM Insmed Inc.	Add +10.1%	0.00%	+0.00
GEV GE Vernova Inc.	Add +9.1%	0.00%	+0.00
DASH DoorDash Inc. Class A	Add +8.7%	0.00%	+0.00
CCEP Coca-Cola Europacific Partne	New	0.00%	+0.00
RELX Relx PLC - Spon ADR	Add +64.5%	0.00%	+0.00
SE Sea Ltd.-ADR	Add +13.3%	0.00%	+0.00
CRH CRH PLC	Add +9.4%	0.00%	+0.00
YMM Full Truck Alliance -SPN ADR	Add +12.1%	0.00%	+0.00
WCN Waste Connections Inc.	Add +32.2%	0.00%	+0.00
BKNG Booking Holdings Inc.	Add +11.1%	0.00%	0.00
SAP Sap SE-Sponsored ADR	Add +9.8%	0.00%	0.00
ACGL Arch Capital Group Ltd.	Add +7.3%	0.00%	0.00
CNH CNH Industrial NV	Add +9.0%	0.00%	0.00
CI The Cigna Group	Add +14.4%	0.22%	−0.00
NFLX Netflix Inc.	Add +5.7%	0.00%	−0.00
ISRG Intuitive Surgical Inc.	Add +2.8%	0.00%	−0.00
V Visa Inc. Class A	Add +3.0%	0.22%	−0.00
CMG Chipotle Mexican Grill Inc.	Add +16.9%	0.04%	−0.01
CMCSA Comcast Corp. Class A	Add +2.8%	0.15%	−0.02
NICE Nice Ltd. - Spon ADR	Add +0.5%	0.16%	−0.02

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