Parnassus Investments Portfolio Concentration Analysis: Top Holdings as of March 31, 2026

Parnassus Investments' portfolio, as of March 31, 2026, shows significant concentration in large-cap technology and consumer companies. The fund's holdings reflect a strategic focus on established tech giants and select consumer cyclical stocks.

Among the top holdings, Alphabet Inc (GOOGL) stands out with a substantial portfolio allocation of 5.43%. The fund held 6,445,416 shares, valued at approximately $1.85 billion. However, there was a notable decrease in shares held compared to the previous period, with a reduction of 2,695,095 shares (-29.49%).

NVIDIA Corporation (NVDA) is another major holding, accounting for 4.82% of the portfolio. With 9,438,607 shares valued at $1.65 billion, the stock experienced a significant decline in the fund's position, with a reduction of 2,947,732 shares (-23.8%) from the prior period.

Microsoft Corporation (MSFT) holds a 4.54% allocation, with 4,192,164 shares valued at $1.55 billion. The fund's stake saw a moderate decrease, with 498,261 fewer shares (-10.62%) held compared to the previous quarter.

Amazon.com Inc (AMZN) represents 4.49% of the portfolio, with 7,364,592 shares valued at $1.53 billion. Similar to NVDA, the fund significantly reduced its position, holding 2,605,532 fewer shares (-26.13%) than before.

Apple Inc (AAPL) is positioned at 3.47% allocation, with 4,674,755 shares valued at $1.19 billion. Notably, the fund increased its stake in this stock, adding 1,143,905 shares (+32.4%) during the period.

Waste Management Inc (WM) holds a 3.35% allocation, with 4,981,578 shares valued at $1.14 billion. The fund reduced its position here as well, with a decrease of 631,737 shares (-11.25%).

Deere & Co (DE) is allocated 3.12% of the portfolio, with 1,888,448 shares valued at $1.06 billion. The fund significantly trimmed this position, reducing the share count by 1,204,886 shares (-38.95%).

Applied Materials Inc (AMAT) holds a 2.99% allocation, with 2,982,230 shares valued at $1.02 billion. The fund also decreased its stake here, with a reduction of 778,955 shares (-20.71%).

Realty Income Corporation (O) is positioned at 2.53% allocation, with 14,142,311 shares valued at $865 million. The fund reduced its position in this real estate investment trust by 3,924,292 shares (-21.72%).

Eli Lilly & Co (LLY) represents 2.52% of the portfolio, with 935,462 shares valued at $860 million. The fund increased its stake in this healthcare company, adding 307,182 shares (+48.89%).

For more information on Parnassus Investments, visit InsiderSet. You can explore detailed profiles of each stock, including Alphabet Inc (GOOGL), NVIDIA Corporation (NVDA), Microsoft Corporation (MSFT), Amazon.com Inc (AMZN), Apple Inc (AAPL), Waste Management Inc (WM), Deere & Co (DE), Applied Materials Inc (AMAT), Realty Income Corporation (O), and Eli Lilly & Co (LLY).