Parnassus Growth Equity Fund
Portfolio of Investments as of March 31, 2026 (unaudited)
| Equities | Shares | Market Value ($) |
||||||
| Aerospace & Defense (1.7%) | ||||||||
| StandardAero Inc.q | 52,059 | 1,344,684 | ||||||
| Biotechnology (3.0%) | ||||||||
| Insmed Inc.q | 5,570 | 910,806 | ||||||
| Natera Inc.q | 7,121 | 1,424,129 | ||||||
| 2,334,935 | ||||||||
| Capital Markets (2.3%) | ||||||||
| Ares Management Corp., Class A | 7,428 | 810,395 | ||||||
| S&P Global Inc. | 2,352 | 1,000,400 | ||||||
| 1,810,795 | ||||||||
| Chemicals (2.6%) | ||||||||
| Linde plc | 2,522 | 1,250,307 | ||||||
| The Sherwin-Williams Co. | 2,604 | 834,712 | ||||||
| 2,085,019 | ||||||||
| Diversified Financial Services (3.1%) | ||||||||
| Visa Inc., Class A | 8,028 | 2,426,383 | ||||||
| Electrical Equipment (4.0%) | ||||||||
| GE Vernova Inc. | 3,607 | 3,148,550 | ||||||
| Entertainment (2.4%) | ||||||||
| Netflix Inc.q | 19,408 | 1,866,079 | ||||||
| Food & Staples Retailing (1.9%) | ||||||||
| Costco Wholesale Corp. | 1,507 | 1,501,620 | ||||||
| Health Care Equipment & Supplies (7.0%) | ||||||||
| Boston Scientific Corp.q | 22,510 | 1,412,502 | ||||||
| Edwards Lifesciences Corp.q | 17,432 | 1,395,955 | ||||||
| Intuitive Surgical Inc.q | 3,059 | 1,410,168 | ||||||
| Medline Inc., Class Aq | 28,536 | 1,269,852 | ||||||
| 5,488,477 | ||||||||
| Hotels, Restaurants & Leisure (2.5%) | ||||||||
| DoorDash Inc., Class Aq | 6,296 | 945,344 | ||||||
| Viking Holdings Ltd.q | 13,700 | 1,006,676 | ||||||
| 1,952,020 | ||||||||
| Insurance (1.4%) | ||||||||
| Brown & Brown Inc. | 17,272 | 1,126,307 | ||||||
| Interactive Media & Services (6.5%) | ||||||||
| Alphabet Inc., Class A | 12,458 | 3,582,422 | ||||||
| Meta Platforms Inc., Class A | 2,632 | 1,505,846 | ||||||
| 5,088,268 | ||||||||
| Equities | Shares | Market Value ($) |
||||||
| IT Services (3.0%) | ||||||||
| Cloudflare Inc., Class Aq | 6,841 | 1,411,572 | ||||||
| Shopify Inc., Class Aq | 7,911 | 938,403 | ||||||
| 2,349,975 | ||||||||
| Multiline Retail (7.8%) | ||||||||
| Amazon.com Inc.q | 23,160 | 4,823,533 | ||||||
| MercadoLibre Inc.q | 778 | 1,345,178 | ||||||
| 6,168,711 | ||||||||
| Pharmaceuticals (4.1%) | ||||||||
| Eli Lilly & Co. | 3,497 | 3,216,436 | ||||||
| Semiconductors & Semiconductor Equipment (23.8%) | ||||||||
| Advanced Micro Devices Inc.q | 7,271 | 1,479,139 | ||||||
| Applied Materials Inc. | 7,164 | 2,448,584 | ||||||
| ASML Holding NV | 1,819 | 2,402,590 | ||||||
| Broadcom Inc. | 8,967 | 2,775,376 | ||||||
| NVIDIA Corp. | 40,171 | 7,005,822 | ||||||
| Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 7,664 | 2,590,049 | ||||||
| 18,701,560 | ||||||||
| Software (15.6%) | ||||||||
| Appfolio Inc., Class Aq | 7,247 | 1,143,722 | ||||||
| Microsoft Corp. | 16,498 | 6,107,065 | ||||||
| Oracle Corp. | 10,314 | 1,517,293 | ||||||
| PTC Inc.q | 8,454 | 1,204,610 | ||||||
| Salesforce Inc. | 4,437 | 828,255 | ||||||
| Synopsys Inc.q | 3,652 | 1,447,945 | ||||||
| 12,248,890 | ||||||||
| Technology Hardware, Storage & Peripherals (4.7%) | ||||||||
| Apple Inc. | 14,677 | 3,724,876 | ||||||
| Trading Companies & Distributors (2.1%) | ||||||||
| Ferguson Enterprises Inc. | 7,488 | 1,746,651 | ||||||
| Total investment in equities (99.5%) |
| |||||||
| (cost $70,777,548) |
78,330,236 | |||||||
| Short-Term Securities | Interest Rate | Maturity Date |
Principal Amount ($) |
Market Value ($) | ||||||||||
| Time Deposits (0.6%) |
|
|||||||||||||
| Sumitomo, Tokyo | 2.98% | 04/01/2026 | 457,081 | 457,081 | ||||||||||
| Total short-term securities (0.6%) | ||||||||||||||
| (cost $457,081) |
457,081 | |||||||||||||
| Total securities (100.1%) | ||||||||||||||
| (cost $71,234,629) |
78,787,317 | |||||||||||||
| Other assets and liabilities (-0.1%) | (76,521) | |||||||||||||
| Total net assets (100.0%) |
78,710,796 | |||||||||||||
| q | This security is non-income producing. |
| plc | Public Limited Company | |
| NV | Naamloze Vennootschap | |
| ADR | American Depositary Receipt | |