Parnassus Investments
large-active, lo, esg
Quarter Analysis
13F change notes for Parnassus Investments in 2025-12-31.
Parnassus added meaningfully to Apple (+43% shares to 3.56% weight) and Eli Lilly (+61% shares to 2.82%), and aggressively initiated Home Depot (+712% from a tiny prior sleeve to 1.86%). On the other side, NVDA cut -22% on +807% unrealized and GOOGL cut -24% — taking profit on the two biggest mega-cap-tech compounders while rotating into defensive quality.
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★ HELD
MICROSOFT CORP MSFT
Top weight 5.65%, 30 quarters at +194% unrealized.
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★ HELD
ALPHABET INC GOOGL
Cut -24% in shares at +272% unrealized — meaningful profit-take on the multi-bagger.
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★ HELD
NVIDIA CORPORATION NVDA
Cut -22% at +807% unrealized — big profit-take, even bigger by dollar amount given the multi-bag.
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★ HELD
APPLE INC AAPL
Shares +43% — meaningful rotation INTO Apple while peers were rotating out.
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▲ ADDED
ELI LILLY & CO LLY
Shares +61% to 2.82% — defensive-pharma compounder added.
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▲ ADDED
HOME DEPOT INC HD
Shares +712% from a 0.24% sleeve to 1.86% — defensive consumer add, betting on housing-related cyclical recovery.
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• CONTEXT
Classic Parnassus rotation pattern: trim the AI/semi multi-baggers, redeploy into defensive quality (Apple, Lilly, Home Depot, Mastercard).