Parnassus Investments 13F annual report
Parnassus Investments is an investment fund managing more than $45.9 trillion ran by Marc Mahon. There are currently 129 companies in Mr. Mahon’s portfolio. The largest investments include Microsoft and Alphabet Inc, together worth $5.28 trillion.
$45.9 trillion Assets Under Management (AUM)
As of 30th July 2024, Parnassus Investments’s top holding is 6,067,322 shares of Microsoft currently worth over $2.71 trillion and making up 5.9% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Parnassus Investments owns more than approximately 0.1% of the company.
In addition, the fund holds 14,077,833 shares of Alphabet Inc worth $2.56 trillion, whose value grew 10.5% in the past six months.
The third-largest holding is NVIDIA Corp worth $2.48 trillion and the next is Apple Inc worth $1.7 trillion, with 8,088,682 shares owned.
Currently, Parnassus Investments's portfolio is worth at least $45.9 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Parnassus Investments
The Parnassus Investments office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, Marc Mahon serves as the Chief Financial Officer at Parnassus Investments.
Recent trades
In the most recent 13F filing, Parnassus Investments revealed that it had opened a new position in
BILL Inc and bought 1,512,361 shares worth $79.6 billion.
This means they effectively own approximately 0.1% of the company.
BILL Inc makes up
0.5%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Alphabet Inc by buying
222,908 additional shares.
This makes their stake in Alphabet Inc total 14,077,833 shares worth $2.56 trillion.
Alphabet Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Parnassus Investments is getting rid of from its portfolio.
Parnassus Investments closed its position in Amdocs Ltd on 6th August 2024.
It sold the previously owned 950,522 shares for $85.9 billion.
Marc Mahon also disclosed a decreased stake in Microsoft by approximately 0.1%.
This leaves the value of the investment at $2.71 trillion and 6,067,322 shares.
One of the largest hedge funds
The two most similar investment funds to Parnassus Investments are Bill & Melinda Gates Foundation Trust and Robeco Institutional Asset Management B.v. They manage $45.9 trillion and $46 trillion respectively.
Marc Mahon investment strategy
Parnassus Investments’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 32.9% of
the total portfolio value.
The fund focuses on investments in the United States as
65.1% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
65% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $129 billion.
The complete list of Parnassus Investments trades based on 13F SEC filings
These positions were updated on August 6th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Microsoft Corporation |
3.39%
6,067,322
|
$2,711,789,568,000 | 5.91% |
| Alphabet Inc |
1.61%
14,077,833
|
$2,564,277,281,000 | 5.58% |
| NVIDIA Corp |
873.35%
20,050,293
|
$2,477,013,197,000 | 5.39% |
| Apple Inc |
1.03%
8,088,682
|
$1,703,638,203,000 | 3.71% |
| Salesforce Inc |
4.93%
6,055,662
|
$1,556,910,701,000 | 3.39% |
| Deere & Co. |
1.44%
3,765,562
|
$1,406,926,930,000 | 3.06% |
| Mastercard Incorporated |
1.09%
2,936,211
|
$1,295,338,845,000 | 2.82% |
| Ball Corp. |
3.14%
20,676,752
|
$1,241,018,655,000 | 2.70% |
| Realty Income Corp. |
277.20%
22,771,932
|
$1,202,813,448,000 | 2.62% |
| Oracle Corp. |
2.47%
8,323,135
|
$1,175,226,662,000 | 2.56% |
| S&P Global Inc |
0.91%
2,380,667
|
$1,061,777,482,000 | 2.31% |
| Linde Plc. |
1.76%
2,365,261
|
$1,037,900,179,000 | 2.26% |
| Intercontinental Exchange In |
7.47%
7,539,690
|
$1,032,108,164,000 | 2.25% |
| Applied Matls Inc |
3.60%
4,269,816
|
$1,007,633,878,000 | 2.19% |
| CME Group Inc |
6.67%
5,082,612
|
$999,241,519,000 | 2.18% |
| Waste Mgmt Inc Del |
1.52%
4,600,676
|
$981,508,218,000 | 2.14% |
| Cigna Group (The) |
1.30%
2,863,110
|
$946,458,273,000 | 2.06% |
| Bank America Corp |
46.51%
23,172,956
|
$921,588,460,000 | 2.01% |
| Autozone Inc. |
11.93%
310,800
|
$921,242,280,000 | 2.01% |
| Marsh & McLennan Cos., Inc. |
0.69%
4,189,126
|
$882,732,631,000 | 1.92% |
| Broadcom Inc |
22.02%
544,270
|
$873,841,814,000 | 1.90% |
| Fiserv, Inc. |
11.33%
5,800,076
|
$864,443,327,000 | 1.88% |
| Intuit Inc |
1.32%
1,307,124
|
$859,054,964,000 | 1.87% |
| Charter Communications Inc N |
1.66%
2,642,152
|
$789,897,762,000 | 1.72% |
| Sherwin-Williams Co. |
1.81%
2,484,180
|
$741,353,838,000 | 1.61% |
| Verizon Communications Inc |
0.98%
17,658,614
|
$728,241,241,000 | 1.59% |
| Intel Corp. |
1.26%
23,123,638
|
$716,139,069,000 | 1.56% |
| Costco Whsl Corp New |
0.82%
763,136
|
$648,657,969,000 | 1.41% |
| Thermo Fisher Scientific Inc. |
15.20%
1,163,707
|
$643,529,971,000 | 1.40% |
| Procter And Gamble Co |
1.05%
3,803,719
|
$627,309,337,000 | 1.37% |
| Adobe Inc |
69.25%
1,122,133
|
$623,389,767,000 | 1.36% |
| D.R. Horton Inc. |
0.35%
4,409,362
|
$621,411,387,000 | 1.35% |
| Sysco Corp. |
12.63%
8,600,017
|
$613,955,214,000 | 1.34% |
| Danaher Corp. |
16.44%
2,392,260
|
$597,706,161,000 | 1.30% |
| Marriott Intl Inc New |
1.26%
2,402,266
|
$580,795,851,000 | 1.26% |
| Verisk Analytics Inc |
1.36%
2,125,716
|
$572,986,748,000 | 1.25% |
| Equifax, Inc. |
0.05%
2,065,989
|
$500,919,693,000 | 1.09% |
| Micron Technology Inc. |
36.75%
3,681,474
|
$484,224,275,000 | 1.05% |
| Mondelez International Inc. |
0.87%
6,643,164
|
$434,728,652,000 | 0.95% |
| Fidelity Natl Information Sv |
11.19%
3,225,961
|
$243,108,421,000 | 0.53% |
| Bank New York Mellon Corp |
7.00%
3,696,779
|
$221,400,094,000 | 0.48% |
| Ross Stores, Inc. |
6.96%
1,468,996
|
$213,474,499,000 | 0.46% |
| Western Digital Corp. |
62.78%
2,303,164
|
$174,510,736,000 | 0.38% |
| CBRE Group Inc |
15.05%
1,922,258
|
$171,292,410,000 | 0.37% |
| Guidewire Software Inc |
1.16%
1,156,336
|
$159,447,171,000 | 0.35% |
| Agilent Technologies Inc. |
No change
1,159,801
|
$150,345,004,000 | 0.33% |
| Nutrien Ltd |
44.54%
2,918,521
|
$148,581,904,000 | 0.32% |
| Progressive Corp. |
23.85%
672,151
|
$139,612,484,000 | 0.30% |
| Global Pmts Inc |
16.13%
1,310,863
|
$126,760,452,000 | 0.28% |
| KLA Corp. |
6.15%
153,567
|
$126,617,527,000 | 0.28% |
| Citigroup Inc |
No change
1,922,087
|
$121,975,641,000 | 0.27% |
| Schwab Charles Corp |
12.90%
1,627,758
|
$119,949,487,000 | 0.26% |
| Cummins Inc. |
6.06%
427,848
|
$118,483,947,000 | 0.26% |
| Pfizer Inc. |
32.89%
4,233,811
|
$118,462,032,000 | 0.26% |
| Roper Technologies Inc |
7.87%
194,917
|
$109,866,916,000 | 0.24% |
| Union Pac Corp |
10.65%
482,958
|
$109,274,077,000 | 0.24% |
| Simon Ppty Group Inc New |
8.65%
710,235
|
$107,813,673,000 | 0.23% |
| Hunt J B Trans Svcs Inc |
82.42%
659,792
|
$105,566,720,000 | 0.23% |
| Cboe Global Mkts Inc |
7.87%
616,319
|
$104,811,209,000 | 0.23% |
| Broadridge Finl Solutions In |
6.25%
508,367
|
$100,148,299,000 | 0.22% |
| Gilead Sciences, Inc. |
No change
1,432,811
|
$98,305,163,000 | 0.21% |
| Trade Desk Inc |
11.10%
995,489
|
$97,229,411,000 | 0.21% |
| Align Technology, Inc. |
No change
396,603
|
$95,751,862,000 | 0.21% |
| TransUnion |
7.87%
1,289,235
|
$95,609,668,000 | 0.21% |
| Republic Svcs Inc |
7.87%
488,300
|
$94,896,222,000 | 0.21% |
| Hologic, Inc. |
10.56%
1,273,829
|
$94,581,803,000 | 0.21% |
| IQVIA Holdings Inc |
6.50%
445,155
|
$94,123,573,000 | 0.20% |
| Oreilly Automotive Inc |
8.17%
88,221
|
$93,166,669,000 | 0.20% |
| Fortinet Inc |
6.64%
1,502,337
|
$90,545,851,000 | 0.20% |
| Fedex Corp |
No change
301,210
|
$90,314,806,000 | 0.20% |
| NICE Ltd |
116.68%
509,404
|
$87,602,206,000 | 0.19% |
| Amdocs Ltd |
Closed
950,522
|
$85,898,673,000 | |
| American Express Co. |
29.38%
369,561
|
$85,571,850,000 | 0.19% |
| Bio Rad Labs Inc |
30.67%
310,732
|
$84,864,017,000 | 0.18% |
| Taiwan Semiconductor Mfg Ltd |
0.20%
481,944
|
$83,766,686,000 | 0.18% |
| Biogen Inc |
No change
360,742
|
$83,627,210,000 | 0.18% |
| Workday Inc |
13.55%
370,870
|
$82,911,697,000 | 0.18% |
| Otis Worldwide Corporation |
7.87%
851,867
|
$82,000,717,000 | 0.18% |
| BILL Holdings Inc |
Opened
1,512,361
|
$79,580,436,000 | 0.17% |
| Block Inc |
Closed
940,723
|
$79,566,351,000 | |
| Xylem Inc |
7.87%
585,229
|
$79,374,609,000 | 0.17% |
| Old Dominion Freight Line In |
23.87%
445,705
|
$78,711,503,000 | 0.17% |
| Truist Finl Corp |
13.98%
2,010,845
|
$78,121,328,000 | 0.17% |
| Cnh Indl N V |
Closed
6,014,226
|
$77,944,369,000 | |
| Allstate Corp (The) |
10.72%
484,587
|
$77,369,160,000 | 0.17% |
| Biomarin Pharmaceutical Inc. |
Closed
873,001
|
$76,247,907,000 | |
| Disney Walt Co |
17.50%
764,219
|
$75,879,305,000 | 0.17% |
| Baxter International Inc. |
No change
2,222,045
|
$74,327,405,000 | 0.16% |
| Brookfield Renewable Corporation |
No change
2,572,928
|
$73,019,697,000 | 0.16% |
| Comcast Corp New |
26.86%
1,852,661
|
$72,550,205,000 | 0.16% |
| Lam Research Corp. |
7.87%
67,383
|
$71,752,788,000 | 0.16% |
| Idacorp, Inc. |
4.48%
749,994
|
$69,861,941,000 | 0.15% |
| Autodesk Inc. |
7.87%
276,100
|
$68,320,945,000 | 0.15% |
| Ferguson Plc New |
7.95%
347,289
|
$67,252,515,000 | 0.15% |
| Cisco Sys Inc |
Closed
1,324,420
|
$66,101,802,000 | |
| Avantor, Inc. |
7.87%
2,961,499
|
$62,783,779,000 | 0.14% |
| Hilton Worldwide Holdings Inc |
5.05%
287,594
|
$62,753,011,000 | 0.14% |
| Berkley W R Corp |
10.36%
784,069
|
$61,612,142,000 | 0.13% |
| Pool Corporation |
5.81%
197,743
|
$60,772,356,000 | 0.13% |
| Repligen Corp. |
0.03%
388,531
|
$48,978,218,000 | 0.11% |
| Pentair plc |
7.87%
562,318
|
$43,112,921,000 | 0.09% |
| Alexandria Real Estate Eq In |
7.87%
357,801
|
$41,851,983,000 | 0.09% |
| Teradyne, Inc. |
No change
275,652
|
$40,876,435,000 | 0.09% |
| Trane Technologies plc |
No change
89,740
|
$29,518,178,000 | 0.06% |
| Costar Group, Inc. |
No change
348,207
|
$25,816,067,000 | 0.06% |
| Monolithic Pwr Sys Inc |
No change
30,663
|
$25,195,174,000 | 0.05% |
| Mettler-Toledo International, Inc. |
No change
17,848
|
$24,944,186,000 | 0.05% |
| Idexx Labs Inc |
No change
48,983
|
$23,864,518,000 | 0.05% |
| MercadoLibre Inc |
No change
14,467
|
$23,775,068,000 | 0.05% |
| Cintas Corporation |
28.52%
30,728
|
$21,517,589,000 | 0.05% |
| Ishares Tr |
No change
232,752
|
$21,368,961,000 | 0.05% |
| Morningstar Inc |
25.01%
71,034
|
$21,015,409,000 | 0.05% |
| Datadog Inc |
No change
144,377
|
$18,724,253,000 | 0.04% |
| PTC Inc |
17.20%
98,828
|
$17,954,083,000 | 0.04% |
| Cadence Design System Inc |
No change
54,507
|
$16,774,529,000 | 0.04% |
| Lpl Finl Hldgs Inc |
No change
56,840
|
$15,875,412,000 | 0.03% |
| Copart, Inc. |
Closed
251,100
|
$14,543,712,000 | |
| MSCI Inc |
Opened
28,172
|
$13,571,861,000 | 0.03% |
| Atlassian Corporation |
95.79%
75,954
|
$13,434,744,000 | 0.03% |
| Lululemon Athletica inc. |
Closed
33,583
|
$13,119,199,000 | |
| West Pharmaceutical Svsc Inc |
Opened
38,013
|
$12,521,102,000 | 0.03% |
| Procore Technologies, Inc. |
1.36%
138,070
|
$9,155,422,000 | 0.02% |
| Alnylam Pharmaceuticals Inc |
Closed
38,748
|
$5,790,889,000 | |
| Amazon.com Inc. |
7.62%
13,815
|
$2,669,749,000 | 0.01% |
| Visa Inc |
23.52%
8,612
|
$2,260,392,000 | 0.00% |
| Eli Lilly & Co |
26.45%
2,075
|
$1,878,663,000 | 0.00% |
| Unitedhealth Group Inc |
16.83%
2,083
|
$1,060,788,000 | 0.00% |
| Boston Scientific Corp. |
17.64%
13,480
|
$1,038,094,000 | 0.00% |
| Natera Inc |
21.38%
8,589
|
$930,103,000 | 0.00% |
| Advanced Micro Devices Inc. |
17.56%
5,489
|
$890,371,000 | 0.00% |
| Ares Management Corp |
1.72%
6,553
|
$873,384,000 | 0.00% |
| Astrazeneca plc |
4.17%
10,012
|
$780,836,000 | 0.00% |
| Netflix Inc. |
22.42%
1,054
|
$711,323,000 | 0.00% |
| Airbnb, Inc. |
42.32%
4,654
|
$705,686,000 | 0.00% |
| Intuitive Surgical Inc |
46.80%
1,559
|
$693,521,000 | 0.00% |
| Cloudflare Inc |
43.98%
7,091
|
$587,347,000 | 0.00% |
| Akamai Technologies Inc |
5.03%
6,039
|
$543,993,000 | 0.00% |
| Palo Alto Networks Inc |
Closed
1,395
|
$396,361,000 | |
| No transactions found | |||
| Showing first 500 out of 138 holdings | |||
Hedge funds similar to Parnassus Investments
- Cibc Private Wealth
- Bank Of Nova Scotia
- Mariner
- Baird
- 1832 Asset Management L.P.
- Sanders Capital
- Robeco Institutional Asset Management B.v
- Bill & Melinda Gates Foundation Trust
- Engines Advisors L.L.C
- First Eagle Investment Management
- Mitsubishi Ufj Trust & Banking Corp
- Federated Hermes, Inc
- Polen Capital Management
- Two Sigma Advisers, L.P.