Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Parnassus Core Equity Fund Sold Verizon Communications (VZ) as it Fell Short of Expectations

Parnassus Investments, an investment management company, released the “Parnassus Core Equity Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. The Fund (Investor Shares) fell -2.44% (net of fees) in the quarter, outperforming the S&P 500 Index’s -4.27% return. U.S. equities fell in the first quarter, showing a shift from the robust gains of the previous quarter. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its first-quarter 2025 investor letter, Parnassus Core Equity Fund highlighted stocks such as...