Parnassus Investments - Parnassus Endeavor Fund Investment Strategy & Portfolio Analysis
How Parnassus Endeavor Fund allocates capital, manages risk, and constructs its portfolio — based on SEC 13F filings.
As of Mar 31, 2026, Parnassus Investments's Parnassus Endeavor Fund portfolio reflects a quant / systematic investor approach across 131 reported 13F positions. Portfolio returns are distributed across holdings, with the top five positions representing approximately 23% of total exposure. Across 131 reported holdings, economic exposure is broadly distributed across technology, industrials, and financials without dominant single-name concentration. Exposure to high-growth and technology-oriented segments is elevated relative to peers, with performance anchored in growth-oriented names across technology, industrials, and financials. The portfolio exhibits extremely low turnover, reinforcing a patient, conviction-led investment approach. Distinctive traits include Long-Term Holder, Broadly Diversified, Economically Diversified.
Investment Style
Value, growth, quality, and behavioral classification from latest 13F holdings.
Primary type: Quant / Systematic Investor
Traits: Long-Term Holder, Broadly Diversified, Economically Diversified, Structurally Diversified
Turnover profile
Buy & Hold
Holding horizon
Long-Term
Portfolio Construction
Concentration and position sizing in the latest filing.
Portfolio construction is lowly concentrated: top three names represent 14.9% of assets, top five 22.9%, and the largest single position is 5.5%.
Top 3 weight
14.9%
Top 5 weight
22.9%
Top 10 weight
37.5%
Largest position
5.5%
Top holdings: Alphabet Inc., NVIDIA Corporation, Microsoft Corporation, Amazon.com, Inc., Apple Inc. — view full holdings
Sector Preferences
Where capital is allocated by sector.
Capital is tilted toward Technology and Industrials, with 11 sectors represented in the latest filing.
Leading sectors: Technology, Industrials, Financial Services
Risk Framework
Concentration, diversification, and turnover tolerance.
This investor accepts low single-name risk (largest position 5.5%, top ten 37.5%) and high economic diversification (HHI 0.02). Turnover tolerance maps to a buy & hold profile.
Largest position
5.5%
Top 10 weight
37.5%
Max sector
27.9%
Diversification
High
Strategy Evolution
How the strategy changed between the two most recent filing periods.
Dec 31, 2025 → Mar 31, 2026
- Position count decreased from 138 to 131 (-7 names).
- Top-five concentration fell from 24.2% to 22.9%.
- Dominant sector mix shifted from Technology, Financial Services to Technology, Industrials.
- Largest holding changed from Microsoft Corporation to Alphabet Inc..
- Quarter-over-quarter portfolio weight turnover: 9.9%.
For trade-level changes, see the Activity page. View activity.
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