Parnassus Investments Q1 2026 Portfolio Shifts: Focus on Tech, Healthcare with Select Sales
Parnassus Investments' portfolio saw significant changes in Q1 2026, with notable increases in certain sectors and reductions in others, as detailed in their latest filing.
According to the latest filing data from Parnassus Investments' Parnassus Endeavor Fund, available on InsiderSet, the fund's portfolio composition underwent notable shifts during the period ending March 31, 2026.
The fund's total portfolio value stood at $33.97 billion as of that date. Analysis of the top holdings reveals a mix of strategic adjustments, including both increases and decreases in specific positions.
In the Technology sector, the fund maintained a strong presence with significant holdings in NVIDIA (NVDA) and Microsoft (MSFT). However, the fund saw a substantial reduction in its stake in Alphabet (GOOGL), which experienced a nearly 29.5% decrease in shares during the quarter. Similarly, the Technology holding in Advanced Micro Devices (AMAT) saw a 20.7% reduction in shares.
Turning to Consumer Cyclical, the fund's position in Amazon (AMZN) also decreased significantly, with a 26.1% reduction in shares. In the Industrials sector, holdings in Waste Management (WM) and Deere & Co (DE) both saw declines, with WM down 11.25% and DE experiencing a sharp 38.95% reduction.
The fund demonstrated a clear preference for growth in certain areas. Notably, the Technology sector saw a significant increase in its position in Apple (AAPL), with a 32.4% increase in shares, boosting its portfolio allocation. In Healthcare, Eli Lilly (LLY) saw a substantial 48.89% increase in shares, also adding to its allocation.
Meanwhile, the fund maintained its position in Realty Income (O), a Real Estate holding, despite a 21.7% reduction in shares during the quarter.
It is important to note that this analysis covers only the top holdings listed in the filing. For a comprehensive view of all holdings and changes, please refer to the full filing on InsiderSet. Investors should always conduct their own due diligence based on complete and current information.