PARNASSUS MID CAP GROWTH FUND
Portfolio of Investments as of March 31, 2024 (unaudited)
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| Equities | | Shares | | | Market Value ($) | |
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Biotechnology (2.2%) | | | | | | | | |
Alnylam Pharmaceuticals Inc. q | | | 38,748 | | | | 5,790,889 | |
BioMarin Pharmaceutical Inc. q | | | 149,804 | | | | 13,083,881 | |
| | | | | | | 18,874,770 | |
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Building Products (3.1%) | | | | | | | | |
Trane Technologies plc | | | 89,740 | | | | 26,939,948 | |
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Capital Markets (5.0%) | | | | | | | | |
LPL Financial Holdings Inc. | | | 56,840 | | | | 15,017,128 | |
Morningstar Inc. | | | 94,728 | | | | 29,211,273 | |
| | | | | | | 44,228,401 | |
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Chemicals (3.5%) | | | | | | | | |
Nutrien Ltd. | | | 110,501 | | | | 6,001,309 | |
The Sherwin-Williams Co. | | | 72,133 | | | | 25,053,955 | |
| | | | | | | 31,055,264 | |
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Commercial Services & Supplies (5.0%) | | | | | | | | |
Cintas Corp. | | | 42,986 | | | | 29,532,672 | |
Copart Inc. q | | | 251,100 | | | | 14,543,712 | |
| | | | | | | 44,076,384 | |
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Distributors (2.5%) | | | | | | | | |
Pool Corp. | | | 54,897 | | | | 22,150,940 | |
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Diversified Financial Services (3.9%) | | | | | | | | |
Adyen N.V. ADR q | | | 720,125 | | | | 12,177,314 | |
Block Inc., Class A q | | | 255,442 | | | | 21,605,284 | |
| | | | | | | 33,782,598 | |
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Health Care Equipment & Supplies (5.5%) | | | | | | | | |
Align Technology Inc. q | | | 66,596 | | | | 21,838,160 | |
IDEXX Laboratories Inc. q | | | 48,983 | | | | 26,447,391 | |
| | | | | | | 48,285,551 | |
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Hotels, Restaurants & Leisure (2.6%) | | | | | | | | |
Hilton Worldwide Holdings Inc. | | | 108,531 | | | | 23,150,748 | |
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Insurance (3.2%) | | | | | | | | |
The Progressive Corp. | | | 137,352 | | | | 28,407,141 | |
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Life Sciences Tools & Services (9.6%) | | | | | | | | |
Agilent Technologies Inc. | | | 215,607 | | | | 31,372,975 | |
IQVIA Holdings Inc. q | | | 83,124 | | | | 21,021,228 | |
Mettler-Toledo International Inc. q | | | 17,848 | | | | 23,760,864 | |
Repligen Corp. q | | | 42,024 | | | | 7,729,054 | |
| | | | | | | 83,884,121 | |
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Media (2.6%) | | | | | | | | |
The Trade Desk Inc., Class A q | | | 263,326 | | | | 23,019,959 | |
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Multiline Retail (2.5%) | | | | | | | | |
MercadoLibre Inc. q | | | | | | 14,467 | | 21,873,525 |
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Professional Services (11.6%) | | | | | | | | |
Broadridge Financial Solutions Inc. | | | | | | 111,530 | | 22,848,036 |
CoStar Group Inc. q | | | | | | 348,207 | | 33,636,796 |
Equifax Inc. | | | | | | 120,033 | | 32,111,228 |
Verisk Analytics Inc. | | | | | | 54,962 | | 12,956,192 |
| | | | | | | | 101,552,252 |
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Road & Rail (3.0%) | | | | | | | | |
Old Dominion Freight Line Inc. | | | | | | 120,458 | | 26,417,644 |
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Semiconductors & Semiconductor Equipment (8.8%) | | |
KLA Corp. | | | | | | 35,771 | | 24,988,547 |
Monolithic Power Systems Inc. | | | | | | 30,663 | | 20,771,730 |
Teradyne Inc. | | | | | | 275,652 | | 31,101,815 |
| | | | | | | | 76,862,092 |
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Software (17.3%) | | | | | | | | |
Atlassian Corp., Class A q | | | | | | 38,793 | | 7,568,902 |
Cadence Design Systems Inc. q | | | | | | 54,507 | | 16,966,939 |
Datadog Inc., Class A q | | | | | | 144,377 | | 17,844,997 |
Fortinet Inc. q | | | | | | 252,877 | | 17,274,028 |
Guidewire Software Inc. q | | | | | | 332,044 | | 38,752,855 |
Procore Technologies Inc. q | | | | | | 125,868 | | 10,342,574 |
PTC Inc. q | | | | | | 114,284 | | 21,592,819 |
Workday Inc., Class A q | | | | | | 76,758 | | 20,935,745 |
| | | | | | | | 151,278,859 |
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Specialty Retail (5.6%) | | | | | | | | |
O’Reilly Automotive Inc. q | | | | | | 18,413 | | 20,786,067 |
Ross Stores Inc. | | | | | | 191,397 | | 28,089,424 |
| | | | | | | | 48,875,491 |
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Textiles, Apparel & Luxury Goods (1.5%) | | | | | | | | |
Lululemon Athletica Inc. q | | | | | | 33,583 | | 13,119,199 |
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Total investment in equities (99.0%) | | | | | | | | |
(cost $576,475,918) | | | | | | | | 867,834,887 |
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| Short-Term Securities | | Interest Rate | | Maturity Date | | Principal Amount ($) | | Market Value ($) |
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Certificates of Deposit (0.0%) α | | | | | | | | |
Beneficial State Bank | | 4.00% | | 01/15/2025 | | 250,000 | | 242,104 |
Citizens Trust Bank | | 1.00% | | 01/14/2025 | | 200,000 | | 193,705 |
| | | | | | | | 435,809 |
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Certificates of Deposit Account Registry Service (0.1%) α | | | | | | |
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 $480,989) | | 4.18% | | 03/13/2025 | | 500,000 | | 480,989 |
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Community Development Loans (0.1%) α | | | | | | | | |
BlueHub Loan Fund Inc. | | 1.00% | | 04/15/2024 | | 100,000 | | 99,771 |
BlueHub Loan Fund Inc. | | 1.00% | | 04/15/2024 | | 100,000 | | 99,770 |
Root Capital Inc. | | 1.00% | | 02/01/2025 | | 100,000 | | 94,984 |
Vermont Community Loan Fund Inc. | | 2.00% | | 10/15/2024 | | 100,000 | | 96,770 |
| | | | | | | | 391,295 |
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Time Deposits (0.9%) | | | | | | | | |
Barclays, London | | 4.68% | | 04/01/2024 | | 8,210,181 | | 8,210,181 |
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Total short-term securities (1.1%) (cost $9,518,274) | | | | | | | | 9,518,274 |
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Total securities (100.1%) (cost $585,994,192) | | | | | | | | 877,353,161 |
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Other assets and liabilities (-0.1%) | | | | | | | | (551,415) |
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Total net assets (100.0%) | | | | | | | | 876,801,746 |
| q | This security is non-income producing. |
| α | 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
N.V. Naamloze Vennootschap
ADR American Depositary Receipt
