Q4 2025 · 13F-HR
PARNASSUS INVESTMENTS, LLCholdings as filed
Filed 2026-02-12 · accession 0001172661-26-000636
$38.56B
Reported value
138
Positions
2025-12-31
Period end
The Brief · PARNASSUS INVESTMENTS, LLC · Q4 2025
AI · grounded in 13F
PARNASSUS INVESTMENTS, LLC closed its position in VRTX, reducing exposure by $645.6M. The fund also exited positions in FISV and BALL, totaling over $956M in combined divestments. On the buy side, the fund increased its stake in HD by 712.3% and established a new position in CMS valued at $103M. Other notable accumulations include LLY and AAPL.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 594918104 | MSFT | MICROSOFT CORP | $2.18B | 5.65% | 4,505,495 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $2.16B | 5.60% | 6,901,505 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $1.82B | 4.72% | 7,887,228 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $1.79B | 4.64% | 9,600,898 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $1.37B | 3.56% | 5,049,172 | Common | SOLE |
| 244199105 | DE | DEERE & CO | $1.23B | 3.19% | 2,642,017 | Common | SOLE |
| 94106L109 | WM | WASTE MGMT INC DEL | $1.16B | 3.01% | 5,277,285 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & CO | $1.09B | 2.82% | 1,010,392 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $1.07B | 2.77% | 4,664,560 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $1.03B | 2.68% | 1,809,280 | Common | SOLE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $917.3M | 2.38% | 1,583,105 | Common | SOLE |
| 78409V104 | SPGI | S&P GLOBAL INC | $914.2M | 2.37% | 1,749,394 | Common | SOLE |
| 060505104 | BAC | BANK AMERICA CORP | $906.3M | 2.35% | 16,477,774 | Common | SOLE |
| 45866F104 | ICE | INTERCONTINENTAL EXCHANGE IN | $880.5M | 2.28% | 5,436,265 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $851.9M | 2.21% | 2,461,410 | Common | SOLE |
| 756109104 | O | REALTY INCOME CORP | $851.5M | 2.21% | 15,106,270 | Common | SOLE |
| 038222105 | AMAT | APPLIED MATLS INC | $829.3M | 2.15% | 3,227,145 | Common | SOLE |
| G54950103 | LIN | LINDE PLC | $775.5M | 2.01% | 1,818,692 | Common | SOLE |
| 482480100 | KLAC | KLA CORP | $757.8M | 1.97% | 623,664 | Common | SOLE |
| 101137107 | BSX | BOSTON SCIENTIFIC CORP | $753.2M | 1.95% | 7,899,240 | Common | SOLE |
| 053332102 | AZO | AUTOZONE INC | $716.7M | 1.86% | 211,328 | Common | SOLE |
| 437076102 | HD | HOME DEPOT INC | $715.9M | 1.86% | 2,080,538 | Common | SOLE |
| 863667101 | SYK | STRYKER CORPORATION | $684.5M | 1.78% | 1,947,575 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $681.1M | 1.77% | 2,571,143 | Common | SOLE |
| 871607107 | SNPS | SYNOPSYS INC | $676.8M | 1.76% | 1,440,874 | Common | SOLE |
| 384802104 | GWW | WW GRAINGER INC | $646.0M | 1.68% | 640,162 | Common | SOLE |
| 22160K105 | COST | COSTCO WHSL CORP NEW | $571.3M | 1.48% | 662,447 | Common | SOLE |
| 31488V107 | FERG | FERGUSON ENTERPRISES INC | $571.1M | 1.48% | 2,565,454 | Common | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $527.5M | 1.37% | 2,463,159 | Common | SOLE |
| 115236101 | BRO | BROWN & BROWN INC | $494.5M | 1.28% | 6,204,729 | Common | SOLE |
| 571903202 | MAR | MARRIOTT INTL INC NEW | $484.5M | 1.26% | 1,561,579 | Common | SOLE |
| 98138H101 | WDAY | WORKDAY INC | $454.6M | 1.18% | 2,116,802 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $408.9M | 1.06% | 2,097,860 | Common | SOLE |
| 92345Y106 | VRSK | VERISK ANALYTICS INC | $406.0M | 1.05% | 1,815,060 | Common | SOLE |
| 571748102 | MRSH | MARSH & MCLENNAN COS INC | $403.3M | 1.05% | 2,173,621 | Common | SOLE |
| 742718109 | PG | PROCTER AND GAMBLE CO | $373.2M | 0.97% | 2,604,052 | Common | SOLE |
| 81762P102 | NOW | SERVICENOW INC | $353.1M | 0.92% | 2,304,946 | Common | SOLE |
| 824348106 | SHW | SHERWIN WILLIAMS CO | $338.4M | 0.88% | 1,044,274 | Common | SOLE |
| 064058100 | BK | BANK NEW YORK MELLON CORP | $273.9M | 0.71% | 2,359,440 | Common | SOLE |
| 12504L109 | CBRE | CBRE GROUP INC | $272.4M | 0.71% | 1,694,034 | Common | SOLE |
| 11285B108 | BEPC | BROOKFIELD RENEWABLE CORP | $193.0M | 0.50% | 5,032,949 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $161.4M | 0.42% | 500,909 | Common | SOLE |
| 231021106 | CMI | CUMMINS INC | $142.9M | 0.37% | 280,004 | Common | SOLE |
| 808513105 | SCHW | SCHWAB CHARLES CORP | $129.6M | 0.34% | 1,296,825 | Common | SOLE |
| 92343V104 | VZ | VERIZON COMMUNICATIONS INC | $125.2M | 0.32% | 3,073,760 | Common | SOLE |
| 871829107 | SYY | SYSCO CORP | $118.7M | 0.31% | 1,611,005 | Common | SOLE |
| G96629103 | WTW | WILLIS TOWERS WATSON PLC LTD | $117.5M | 0.30% | 357,537 | Common | SOLE |
| 172967424 | C | CITIGROUP INC | $115.4M | 0.30% | 989,173 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $114.6M | 0.30% | 376,999 | Common | SOLE |
| 046353108 | AZNN | ASTRAZENECA PLC | $113.8M | 0.30% | 1,237,719 | Common | SOLE |
| 512807306 | LRCX | LAM RESEARCH CORP | $110.6M | 0.29% | 645,926 | Common | SOLE |
| 907818108 | UNP | UNION PAC CORP | $108.0M | 0.28% | 466,778 | Common | SOLE |
| 743315103 | PGR | PROGRESSIVE CORP | $103.8M | 0.27% | 455,850 | Common | SOLE |
| 125896100 | CMS | CMS ENERGY CORP | $103.0M | 0.27% | 1,472,659 | Common | SOLE |
| 92826C839 | V | VISA INC | $97.8M | 0.25% | 278,829 | Common | SOLE |
| 12572Q105 | CME | CME GROUP INC | $96.5M | 0.25% | 353,308 | Common | SOLE |
| 125523100 | CI | THE CIGNA GROUP | $92.4M | 0.24% | 335,611 | Common | SOLE |
| 958102105 | WDC | WESTERN DIGITAL CORP | $90.2M | 0.23% | 523,497 | Common | SOLE |
| 443510607 | HUBB | HUBBELL INC | $86.6M | 0.22% | 194,948 | Common | SOLE |
| 31428X106 | FDX | FEDEX CORP | $85.2M | 0.22% | 295,041 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $84.1M | 0.22% | 294,810 | Common | SOLE |
| 052769106 | ADSK | AUTODESK INC | $84.1M | 0.22% | 283,980 | Common | SOLE |
| 43300A203 | HLT | HILTON WORLDWIDE HLDGS INC | $81.9M | 0.21% | 285,163 | Common | SOLE |
| 11133T103 | BR | BROADRIDGE FINL SOLUTIONS IN | $81.4M | 0.21% | 364,623 | Common | SOLE |
| 931142103 | WMT | WALMART INC | $79.8M | 0.21% | 716,625 | Common | SOLE |
| 090043100 | BILL | BILL HOLDINGS INC | $79.8M | 0.21% | 1,463,791 | Common | SOLE |
| 12503M108 | CBOE | CBOE GLOBAL MKTS INC | $79.3M | 0.21% | 316,018 | Common | SOLE |
| 00846U101 | A | AGILENT TECHNOLOGIES INC | $79.0M | 0.20% | 580,939 | Common | SOLE |
| 002824100 | ABT | ABBOTT LABS | $77.2M | 0.20% | 616,351 | Common | SOLE |
| 89400J107 | TRU | TRANSUNION | $76.6M | 0.20% | 892,724 | Common | SOLE |
| 090572207 | BIO | BIO RAD LABS INC | $76.4M | 0.20% | 252,140 | Common | SOLE |
| 75886F107 | REGN | REGENERON PHARMACEUTICALS | $74.5M | 0.19% | 96,545 | Common | SOLE |
| 85423L103 | SARO | STANDARDAERO INC | $72.0M | 0.19% | 2,512,169 | Common | SOLE |
| 169656105 | CMG | CHIPOTLE MEXICAN GRILL INC | $67.9M | 0.18% | 1,834,533 | Common | SOLE |
| 760759100 | RSG | REPUBLIC SVCS INC | $66.3M | 0.17% | 312,695 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $66.0M | 0.17% | 199,953 | Common | SOLE |
| 03990B101 | ARES | ARES MANAGEMENT CORPORATION | $65.1M | 0.17% | 402,561 | Common | SOLE |
| 89832Q109 | TFC | TRUIST FINL CORP | $64.5M | 0.17% | 1,309,976 | Common | SOLE |
| 912008109 | USFD | US FOODS HLDG CORP | $60.9M | 0.16% | 808,109 | Common | SOLE |
| 98419M100 | XYL | XYLEM INC | $60.6M | 0.16% | 445,104 | Common | SOLE |
| 679580100 | ODFL | OLD DOMINION FREIGHT LINE IN | $60.1M | 0.16% | 383,487 | Common | SOLE |
| 653656108 | NICE | NICE LTD | $59.3M | 0.15% | 524,909 | Common | SOLE |
| 929160109 | VMC | VULCAN MATLS CO | $57.8M | 0.15% | 202,619 | Common | SOLE |
| 67103H107 | ORLY | OREILLY AUTOMOTIVE INC | $56.5M | 0.15% | 619,351 | Common | SOLE |
| 084423102 | WRB | BERKLEY W R CORP | $55.7M | 0.14% | 793,698 | Common | SOLE |
| 23331A109 | DHI | D R HORTON INC | $51.6M | 0.13% | 357,953 | Common | SOLE |
| N6596X109 | NXPI | NXP SEMICONDUCTORS N V | $50.3M | 0.13% | 231,599 | Common | SOLE |
| 28176E108 | EW | EDWARDS LIFESCIENCES CORP | $50.0M | 0.13% | 586,760 | Common | SOLE |
| 670100205 | NVO | NOVO-NORDISK A S | $49.3M | 0.13% | 969,015 | Common | SOLE |
| 45687V106 | IR | INGERSOLL RAND INC | $49.2M | 0.13% | 620,664 | Common | SOLE |
| 776696106 | ROP | ROPER TECHNOLOGIES INC | $48.8M | 0.13% | 109,628 | Common | SOLE |
| G7S00T104 | PNR | PENTAIR PLC | $47.5M | 0.12% | 456,104 | Common | SOLE |
| 45784P101 | PODD | INSULET CORP | $47.4M | 0.12% | 166,904 | Common | SOLE |
| 458140100 | INTC | INTEL CORP | $46.2M | 0.12% | 1,251,981 | Common | SOLE |
| 80004C200 | SNDK | SANDISK CORP | $44.6M | 0.12% | 187,772 | Common | SOLE |
| 020002101 | ALL | ALLSTATE CORP | $41.9M | 0.11% | 201,460 | Common | SOLE |
| 46266C105 | IQV | IQVIA HLDGS INC | $41.5M | 0.11% | 183,977 | Common | SOLE |
| H01301128 | ALC | ALCON AG | $34.3M | 0.09% | 435,222 | Common | SOLE |
| 880770102 | TER | TERADYNE INC | $28.8M | 0.07% | 148,827 | Common | SOLE |
| 773903109 | ROK | ROCKWELL AUTOMATION INC | $25.2M | 0.07% | 64,815 | Common | SOLE |
| 18915M107 | NET | CLOUDFLARE INC | $25.0M | 0.06% | 126,935 | Common | SOLE |
| 23804L103 | DDOG | DATADOG INC | $24.1M | 0.06% | 177,245 | Common | SOLE |
| 609839105 | MPWR | MONOLITHIC PWR SYS INC | $24.1M | 0.06% | 26,590 | Common | SOLE |
| 45168D104 | IDXX | IDEXX LABS INC | $22.8M | 0.06% | 33,651 | Common | SOLE |
| V7780T103 | RCL | ROYAL CARIBBEAN GROUP | $22.5M | 0.06% | 80,810 | Common | SOLE |
| 294429105 | EFX | EQUIFAX INC | $21.5M | 0.06% | 98,891 | Common | SOLE |
| 770700102 | HOOD | ROBINHOOD MKTS INC | $20.4M | 0.05% | 180,334 | Common | SOLE |
| 40171V100 | GWRE | GUIDEWIRE SOFTWARE INC | $20.0M | 0.05% | 99,502 | Common | SOLE |
| 74762E102 | QURE | QUANTA SVCS INC | $20.0M | 0.05% | 47,313 | Common | SOLE |
| 58733R102 | MELI | MERCADOLIBRE INC | $20.0M | 0.05% | 9,905 | Common | SOLE |
| 592688105 | MTD | METTLER TOLEDO INTERNATIONAL | $19.3M | 0.05% | 13,822 | Common | SOLE |
| 69370C100 | PTC | PTC INC | $18.7M | 0.05% | 107,537 | Common | SOLE |
| 22160N109 | CSGP | COSTAR GROUP INC | $18.3M | 0.05% | 272,688 | Common | SOLE |
| 02043Q107 | ALNY | ALNYLAM PHARMACEUTICALS INC | $17.7M | 0.05% | 44,560 | Common | SOLE |
| 74275K108 | PCOR | PROCORE TECHNOLOGIES INC | $16.9M | 0.04% | 232,594 | Common | SOLE |
| 632307104 | NTRA | NATERA INC | $16.2M | 0.04% | 70,828 | Common | SOLE |
| G8994E103 | TT | TRANE TECHNOLOGIES PLC | $15.8M | 0.04% | 40,502 | Common | SOLE |
| 127387108 | CDNS | CADENCE DESIGN SYSTEM INC | $15.4M | 0.04% | 49,244 | Common | SOLE |
| 94106B101 | WCN | WASTE CONNECTIONS INC | $14.3M | 0.04% | 81,398 | Common | SOLE |
| 55354G100 | MSCI | MSCI INC | $13.5M | 0.03% | 23,467 | Common | SOLE |
| 73278L105 | POOL | POOL CORP | $13.1M | 0.03% | 57,094 | Common | SOLE |
| 25809K105 | DASH | DOORDASH INC | $10.2M | 0.03% | 44,948 | Common | SOLE |
| 955306105 | WST | WEST PHARMACEUTICAL SVSC INC | $9.5M | 0.02% | 34,387 | Common | SOLE |
| 457669307 | INSM | INSMED INC | $9.0M | 0.02% | 51,643 | Common | SOLE |
| N07059210 | ASML | ASML HOLDING N V | $2.5M | 0.01% | 2,358 | Common | SOLE |
| 36828A101 | GEV | GE VERNOVA INC | $2.1M | 0.01% | 3,277 | Common | SOLE |
| 03783C100 | APPF | APPFOLIO INC | $2.0M | 0.01% | 8,438 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INC | $1.8M | 0.00% | 19,417 | Common | SOLE |
| 46120E602 | ISRG | INTUITIVE SURGICAL INC | $1.7M | 0.00% | 3,087 | Common | SOLE |
| 049468101 | TEAM | ATLASSIAN CORPORATION | $887,392 | 0.00% | 5,473 | Common | SOLE |
| 759530108 | RELX | RELX PLC | $374,491 | 0.00% | 9,265 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $353,683 | 0.00% | 2,834 | Common | SOLE |
| 09857L108 | BKNG | BOOKING HOLDINGS INC | $294,543 | 0.00% | 55 | Common | SOLE |
| G25839104 | CCEP | COCA-COLA EUROPACIFIC PARTNE | $284,163 | 0.00% | 3,133 | Common | SOLE |
| 35969L108 | YMM | FULL TRUCK ALLIANCE CO LTD | $247,605 | 0.00% | 23,076 | Common | SOLE |
| L8681T102 | SPOT | SPOTIFY TECHNOLOGY S A | $238,091 | 0.00% | 410 | Common | SOLE |
| G0450A105 | ACGL | ARCH CAP GROUP LTD | $217,547 | 0.00% | 2,268 | Common | SOLE |
| N20944109 | CNH | CNH INDL N V | $198,497 | 0.00% | 21,529 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.