Parnassus Investments
large-active, lo, esg
Quarter Analysis
13F change notes for Parnassus Investments in 2026-03-31.
Parnassus's $34B quality-ESG book runs much more concentrated than the bigger platforms (135 positions, top-3 14.8%). Deere cut -29% shares — biggest single-name move, taking profit on +144% unrealized after 49 quarters held. KLA -14%, BAC -10% — pruning around the edges. Every top-10 name flagged persistence with small trims, suggesting Parnassus is in a defensive rebalancing phase.
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★ HELD
ALPHABET INC GOOGL
Top weight 5.43%, 43 quarters held at +242% unrealized — the steady mega-cap-tech anchor.
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★ HELD
NVIDIA CORPORATION NVDA
30 quarters at +749% unrealized — the AI-cycle anchor.
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★ HELD
DEERE & CO DE
Cut -29% in shares at +144% unrealized — biggest single-name trim. 49 quarters of continuous Deere ownership being de-risked.
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★ HELD
APPLIED MATLS INC AMAT
52 quarters held at +270% unrealized — semi-cap-equipment anchor; trim only -8%.
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★ HELD
WASTE MGMT INC DEL WM
52 quarters held at +116% unrealized — the boring-quality compounder.
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★ HELD
KLA CORP KLAC
33 quarters at +133% unrealized; -14% trim.
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• CONTEXT
Across-the-board small trims and zero new positions — Parnassus is harvesting gains rather than redeploying.