Parnassus Investments
Parnassus Core Select ETF (PRCS)
Jun 2026 → Jun 2026
Our archive holds 1 letter from this strategy, behind 1 investment thesis and positions in 15 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year — follow all of Parnassus Investments for every strategy.
What it bought and sold
Bought W.W. Grainger Inc. GWW Industrials Grainger’s economies of scale, network effects, large SKU breadth and e- commerce platform enable same-day service and strong customer loyalty.
We exited the position during the quarter.
We exited Boston Scientific as the competitive environment evolved more quickly than anticipated.
Bought Vulcan Materials Co. VMC Materials Vulcan benefits from irreplaceable quarry locations, high barriers to entry and favorable positions in fast-growing regions, which together create local market advantages and resilient unit economics.
We also initiated positions in Hubbell, which offered exposure to electrical infrastructure tied to growing AI-driven power demand, as well as W. W. Grainger and Vulcan Materials, which we believe benefit from ongoing industrial and infrastructure demand.
DoorDash, the food delivery platform, is a new position initiated during the quarter.
We exited Boston Scientific, Brown & Brown and Salesforce during the quarter, redeploying assets into opportunities where we see greater long-term growth potential.