Parnassus Investments
Parnassus Value Equity Fund
US Mega-cap Value
Dec 2024 → Dec 2025
Our archive holds 3 letters from this strategy, behind 5 investment theses and positions in 5 companies. Every quote below is copied verbatim from the letter it came from.
3 letters in 2 years — follow all of Parnassus Investments for every strategy.
Its investment theses
- Waste Management, Inc.Dec 2025Waste Management, Inc. benefits from a wide-moat industry structure, pricing power, and growth from RNG, recycling, and Stericycle synergies.
- JP Morgan Chase & Co.Mar 2025JP Morgan is a formidable player in the financial services industry due to its expertise, high client switching costs, unmatched scale, and resilience across its various banking units.
- AstraZenecaDec 2024AstraZeneca is well-positioned for growth due to its strong R&D capabilities, extensive pipeline, and effective leadership, presenting a buying opportunity after a recent sell-off.
- AirbnbDec 2024Airbnb is a leading platform for short-term and long-term rentals with strong profitability, innovative growth strategies, and an opportunity for investment amidst travel market fluctuations.
- Applied MaterialsDec 2024Applied Materials is ideally positioned to outperform competitors due to its scale and innovation in materials engineering, particularly as AI advancements drive recovery in non-AI semiconductor markets.