Parnassus Mid Cap Growth Fund
Portfolio of Investments as of September 30, 2024 (unaudited)
| Equities | Shares | Market Value ($) | ||||||
| Building Products (3.9%) | ||||||||
| Trane Technologies plc | 89,740 | 34,884,630 | ||||||
| Capital Markets (4.8%) | ||||||||
| Morningstar Inc. | 71,034 | 22,668,370 | ||||||
| MSCI Inc., Class A | 34,492 | 20,106,422 | ||||||
| 42,774,792 | ||||||||
| Chemicals (3.1%) | ||||||||
| The Sherwin-Williams Co. | 72,133 | 27,531,002 | ||||||
| Commercial Services & Supplies (1.5%) | ||||||||
| Cintas Corp. | 64,207 | 13,218,937 | ||||||
| Distributors (2.9%) | ||||||||
| Pool Corp. | 67,164 | 25,307,395 | ||||||
| Diversified Financial Services (1.3%) | ||||||||
| Adyen N.V., ADRq,l | 720,125 | 11,255,554 | ||||||
| Equity Real Estate Investment Trusts (1.9%) | ||||||||
| CoStar Group Inc.q | 222,397 | 16,777,630 | ||||||
| Health Care Equipment & Supplies (4.7%) | ||||||||
| Align Technology Inc.q | 66,596 | 16,936,695 | ||||||
| IDEXX Laboratories Inc.q | 48,983 | 24,747,191 | ||||||
| 41,683,886 | ||||||||
| Hotels, Restaurants & Leisure (2.8%) | ||||||||
| Hilton Worldwide Holdings Inc. | 108,531 | 25,016,396 | ||||||
| Insurance (2.5%) | ||||||||
| The Progressive Corp. | 85,449 | 21,683,538 | ||||||
| IT Services (1.2%) | ||||||||
| Cloudflare Inc., Class Aq | 130,793 | 10,579,846 | ||||||
| Life Sciences Tools & Services (9.5%) | ||||||||
| Agilent Technologies Inc. | 198,841 | 29,523,912 | ||||||
| Mettler-Toledo International Inc.q | 17,848 | 26,766,646 | ||||||
| Repligen Corp.q | 69,404 | 10,328,703 | ||||||
| West Pharmaceutical Services Inc. | 58,389 | 17,526,042 | ||||||
| 84,145,303 | ||||||||
| Media (2.6%) | ||||||||
| The Trade Desk, Inc., Class Aq | 206,498 | 22,642,506 | ||||||
| Multiline Retail (3.4%) | ||||||||
| MercadoLibre Inc.q | 14,467 | 29,685,705 | ||||||
| Professional Services (9.3%) | ||||||||
| Broadridge Financial Solutions Inc. | 111,530 | 23,982,296 | ||||||
| Equifax Inc. | 147,699 | 43,402,828 | ||||||
| Verisk Analytics Inc., Class A | 54,962 | 14,727,618 | ||||||
| 82,112,742 | ||||||||
| Road & Rail (5.1%) | ||||||||
| J.B. Hunt Transport Services Inc. | 123,265 | 21,242,257 | ||||||
| Old Dominion Freight Line Inc. | 120,458 | 23,927,777 | ||||||
| 45,170,034 | ||||||||
| Semiconductors & Semiconductor Equipment (8.9%) | ||||||||
| KLA Corp. | 35,771 | 27,701,420 | ||||||
| Monolithic Power Systems Inc. | 22,806 | 21,084,147 | ||||||
| Teradyne Inc. | 223,335 | 29,911,257 | ||||||
| 78,696,824 | ||||||||
| Software (22.1%) | ||||||||
| Atlassian Corp., Class Aq | 114,584 | 18,197,085 | ||||||
| Autodesk Inc.q | 68,094 | 18,758,535 | ||||||
| Cadence Design Systems Inc.q | 54,507 | 14,773,032 | ||||||
| Datadog Inc., Class Aq | 185,329 | 21,323,955 | ||||||
| Fortinet Inc.q | 252,877 | 19,610,611 | ||||||
| Guidewire Software Inc.q | 300,843 | 55,036,218 | ||||||
| Procore Technologies Inc.q | 149,015 | 9,197,206 | ||||||
| PTC Inc.q | 93,547 | 16,900,201 | ||||||
| Workday Inc., Class Aq | 87,596 | 21,409,338 | ||||||
| 195,206,181 | ||||||||
| Specialty Retail (5.4%) | ||||||||
| O’Reilly Automotive Inc.q | 16,675 | 19,202,930 | ||||||
| Ross Stores Inc. | 191,397 | 28,807,162 | ||||||
| 48,010,092 | ||||||||
| Technology Hardware, Storage & Peripherals (2.0%) | ||||||||
| Western Digital Corp.q | 264,472 | 18,060,793 | ||||||
| Total investment in equities (98.9%) | ||||||||
| (cost $570,095,881) | 874,443,786 | |||||||
| Short-Term Securities | Interest Rate | Maturity Date | Principal Amount ($) | Market Value ($) | ||||||||||
Certificates of Deposit (0.0%)a |
| |||||||||||||
Beneficial State Bank | 4.00% | 01/15/2025 | 250,000 | 247,104 | ||||||||||
Citizens Trust Bank | 1.00% | 01/14/2025 | 200,000 | 197,705 | ||||||||||
| 444,809 | ||||||||||||||
Certificates of Deposit Account Registry Service (0.1%)a |
| |||||||||||||
| CDARS agreement with Beneficial State Bank, dated 03/14/2024 Participating depository institutions: First Business Bank, par 235,500; Frontier Bank, par 141,898; Solera National Bank, par 122,602; (cost $491,044) | 4.18% | 03/13/2025 | 500,000 | 491,044 | ||||||||||
Community Development Loans (0.0%)a |
| |||||||||||||
Root Capital Inc. | 1.00% | 02/01/2025 | 100,000 | 97,984 | ||||||||||
Vermont Community Loan Fund Inc. | 2.00% | 10/15/2024 | 100,000 | 99,770 | ||||||||||
| 197,754 | ||||||||||||||
Securities Purchased with Cash Collateral from Securities Lending | ||||||||||||||
Registered Investment Companies (1.3%) |
| |||||||||||||
| Invesco Aim Government & Agency Portfolio Short-Term Investments Trust, Institutional Class | 4.78% | 11,406,400 | ||||||||||||
Time Deposits (1.1%) |
| |||||||||||||
Sumitomo, Tokyo | 4.18% | 10/01/2024 | 9,767,860 | 9,767,860 | ||||||||||
Total short-term securities (2.5%) | ||||||||||||||
(cost $22,307,867) | 22,307,867 | |||||||||||||
Total securities (101.4%) | ||||||||||||||
(cost $592,403,748) | 896,751,653 | |||||||||||||
Payable upon return of securities loaned (-1.3%) | (11,406,400 | ) | ||||||||||||
Other assets and liabilities (-0.1%) | (564,314 | ) | ||||||||||||
Total net assets (100.0%) |
| 884,780,939 | ||||||||||||
q | This security is non-income producing. | |
l | This security, or partial position of this security, was on loan at September 30, 2024. The total value of the securities on loan at September 30, 2024 was $11,135,498. | |
a | Market value adjustments have been applied to these securities to reflect potential early withdrawal. Such securities have been classified as level 3. | |
plc | Public Limited Company | |
ADR | American Depositary Receipt | |
N.V. | Naamloze Vennootschap | |
