PARNASSUS MID CAP FUND
Portfolio of Investments as of March 31, 2024 (unaudited)
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| Equities | | Shares | | | Market Value ($) | |
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Banks (2.5%) | | | | | | | | |
Truist Financial Corp. | | | 2,337,761 | | | | 91,125,924 | |
| | |
Biotechnology (1.7%) | | | | | | | | |
BioMarin Pharmaceutical Inc.q | | | 723,197 | | | | 63,164,026 | |
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Capital Markets (5.7%) | | | | | | | | |
Cboe Global Markets Inc. | | | 668,988 | | | | 122,913,165 | |
The Bank of New York Mellon Corp. | | | 1,530,909 | | | | 88,210,977 | |
| | | | | | | 211,124,142 | |
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Chemicals (4.8%) | | | | | | | | |
Nutrien Ltd. | | | 1,379,254 | | | | 74,907,285 | |
The Sherwin-Williams Co. | | | 292,779 | | | | 101,690,930 | |
| | | | | | | 176,598,215 | |
| | |
Commercial Services & Supplies (2.7%) | | | | | | | | |
Republic Services Inc. | | | 530,029 | | | | 101,468,752 | |
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Containers & Packaging (2.1%) | | | | | | | | |
Ball Corp. W | | | 1,133,667 | | | | 76,363,809 | |
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Distributors (1.7%) | | | | | | | | |
Pool Corp. | | | 155,052 | | | | 62,563,482 | |
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Diversified Financial Services (5.3%) | | | | | | | | |
Block Inc., Class A q | | | 685,281 | | | | 57,961,067 | |
Fidelity National Information Services | | | 1,836,724 | | | | 136,248,186 | |
| | | | | | | 194,209,253 | |
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Electric Utilities (1.8%) | | | | | | | | |
IDACORP Inc. | | | 717,837 | | | | 66,679,879 | |
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Equity Real Estate Investment Trusts (4.0%) | | | | | | | | |
Alexandria Real Estate Equities Inc. | | | 388,378 | | | | 50,065,808 | |
CBRE Group Inc., Class A q | | | 994,567 | | | | 96,711,695 | |
| | | | | | | 146,777,503 | |
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Food & Staples Retailing (2.5%) | | | | | | | | |
Sysco Corp. | | | 1,139,828 | | | | 92,531,237 | |
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Health Care Equipment & Supplies (3.0%) | | | | | | | | |
Hologic Inc. q | | | 1,424,161 | | | | 111,027,592 | |
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Hotels, Restaurants & Leisure (1.1%) | | | | | | | | |
Hilton Worldwide Holdings Inc. | | | 194,367 | | | | 41,460,425 | |
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Household Durables (2.3%) | | | | | | | | |
D.R. Horton Inc. | | | 524,418 | | | | 86,292,982 | |
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Insurance (4.6%) | | | | | | | | |
Allstate Corp. | | | 542,743 | | | | 93,899,966 | |
WR Berkley Corp. | | | 874,703 | | | | 77,358,733 | |
| | | | | | | 171,258,699 | |
| | | | | | | | |
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IT Services (2.3%) | | | | | | | | |
Amdocs Ltd. | | | 950,522 | | | | 85,898,673 | |
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Life Sciences Tools & Services (6.6%) | | | | | | | | |
Avantor Inc. q | | | 3,214,576 | | | | 82,196,708 | |
IQVIA Holdings Inc. q | | | 392,969 | | | | 99,377,930 | |
Repligen Corp. q | | | 346,399 | | | | 63,709,704 | |
| | | | | | | 245,284,342 | |
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Machinery (8.2%) | | | | | | | | |
CNH Industrial N.V. | | | 6,014,226 | | | | 77,944,369 | |
Otis Worldwide Corp. | | | 924,665 | | | | 91,791,495 | |
Pentair plc | | | 610,373 | | | | 52,150,269 | |
Xylem Inc. | | | 635,241 | | | | 82,098,547 | |
| | | | | | | 303,984,680 | |
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Media (2.0%) | | | | | | | | |
The Trade Desk Inc., Class A q | | | 856,414 | | | | 74,867,712 | |
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Professional Services (5.4%) | | | | | | | | |
Broadridge Financial Solutions Inc. | | | 430,750 | | | | 88,243,445 | |
TransUnion | | | 1,399,409 | | | | 111,672,838 | |
| | | | | | | 199,916,283 | |
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Road & Rail (4.7%) | | | | | | | | |
J.B. Hunt Transport Services Inc. | | | 361,692 | | | | 72,067,131 | |
Old Dominion Freight Line Inc. | | | 462,826 | | | | 101,502,370 | |
| | | | | | | 173,569,501 | |
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Semiconductors & Semiconductor Equipment (4.3%) | | | | | | | | |
KLA Corp. | | | 127,862 | | | | 89,320,557 | |
Lam Research Corp. | | | 73,140 | | | | 71,060,630 | |
| | | | | | | 160,381,187 | |
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Software (12.3%) | | | | | | | | |
Autodesk Inc. q | | | 299,695 | | | | 78,046,572 | |
Fortinet Inc. q | | | 1,356,235 | | | | 92,644,413 | |
Guidewire Software Inc. q | | | 837,902 | | | | 97,791,542 | |
Roper Technologies Inc. | | | 211,572 | | | | 118,658,041 | |
Workday Inc., Class A q | | | 249,853 | | | | 68,147,406 | |
| | | | | | | 455,287,974 | |
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Specialty Retail (5.0%) | | | | | | | | |
O’Reilly Automotive Inc. q | | | 77,659 | | | | 87,667,692 | |
Ross Stores Inc. | | | 659,082 | | | | 96,726,874 | |
| | | | | | | 184,394,566 | |
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Trading Companies & Distributors (2.2%) | | | | | | | | |
Ferguson plc | | | 372,800 | | | | 81,430,704 | |
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Total investment in equities (98.8%) | | | | | | | | |
(cost $2,996,936,701) | | | | | | | 3,657,661,542 | |
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| Short-Term Securities | | Interest Rate | | | Maturity Date | | | Principal Amount ($) | | | Market Value ($) | |
| | | | |
Certificates of Deposit (0.0%) a | | | | | | | | | | | | | | | | |
Beneficial State Bank | | | 4.00% | | | | 04/25/2025 | | | | 250,000 | | | | 249,344 | |
Citizens Trust Bank | | | 1.00% | | | | 01/14/2025 | | | | 250,000 | | | | 242,131 | |
Self-Help Federal Credit Union | | | 4.60% | | | | 02/17/2025 | | | | 250,000 | | | | 241,202 | |
| | | | | | | | | | | | | | | 732,677 | |
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Community Development Loans (0.0%) a | | | | | | | | | | | | | | | | |
BlueHub Loan Fund Inc. | | | 1.00% | | | | 04/15/2024 | | | | 300,000 | | | | 299,312 | |
| | | | |
Time Deposits (0.6%) | | | | | | | | | | | | | | | | |
Sumitomo, Tokyo | | | 4.68% | | | | 04/01/2024 | | | | 17,809,526 | | | | 17,809,526 | |
| | | | |
Total short-term securities (0.6%) | | | | | | | | | | | | | | | | |
(cost $18,841,515) | | | | | | | | | | | | | | | 18,841,515 | |
| | | | |
Total securities (99.4%) | | | | | | | | | | | | | | | | |
(cost $3,015,778,216) | | | | | | | | | | | | | | | 3,676,503,057 | |
| | | | |
Other assets and liabilities (0.6%) | | | | | | | | | | | | | | | 18,733,551 | |
| | | | |
Total net assets (100.0%) | | | | | | | | | | | | | | | 3,695,236,608 | |
| q | This security is non-income producing. |
| W | Fund ownership consists of 5% or more of the shares outstanding of the Affiliated Issuer, as defined under the Investment Securities Act of 1940. |
| a | Market value adjustments have been applied to these securities to reflect potential early withdrawal. Such securities have been classified as level 3. |
N.V. Naamloze Vennootschap
plc Public Limited Company
