Parnassus Core Equity Fund’s Q3 2025 Investor Letter

Parnassus Investments, an investment management company, released the “Parnassus Core Equity Fund” third-quarter 2025 investor letter. The S&P 500 Index surged in the third quarter, driven by investor optimism that grew on expectations of monetary easing, strong consumer demand, and solid corporate earnings. The Fund (Investor Shares) returned 2.57% (net of fees) in the quarter, trailing the S&P 500 Index’s 8.12% return. YTD, the fund returned 9.89% compared to 14.83% for the index. In addition, please check the fund’s top five holdings to know its best picks in 2025.

A copy of Parnassus Core Equity Fund’s Q3 2025 investor letter can be downloaded here.