Parnassus Funds NPORT-P Parnassus Value Equity Fund (Sep 2024 report)

Parnassus Value Equity Fund

Portfolio of Investments as of September 30, 2024 (unaudited)

Equities	Shares		Market   Value ($)
Air Freight & Logistics (1.6%)
FedEx Corp.		301,210		82,435,153
Banks (4.9%)
Bank of America Corp.		3,615,546		143,464,865
Citigroup Inc.		1,725,687		108,028,006
				251,492,871
Biotechnology (3.3%)
Biogen Inc.q		361,512		70,075,486
Gilead Sciences Inc.		1,151,874		96,573,116
				166,648,602
Capital Markets (9.8%)
CME Group Inc., Class A		366,827		80,940,378
S&P Global Inc.		339,991		175,646,150
The Bank of New York Mellon Corp.		1,838,649		132,125,317
The Charles Schwab Corp.		1,694,634		109,829,230
				498,541,075
Chemicals (1.5%)
Nutrien Ltd.l		1,564,307		75,180,594
Containers & Packaging (3.1%)
Ball Corp.W		2,308,169		156,747,757
Diversified Financial Services (7.6%)
Fidelity National Information Services		1,428,387		119,627,411
Global Payments Inc.		1,310,863		134,258,588
Mastercard Inc., Class A		266,875		131,782,875
				385,668,874
Diversified Telecommunication Services (3.6%)
Verizon Communications Inc.		4,025,577		180,788,663
Entertainment (1.5%)
The Walt Disney Co.		768,519		73,923,843
Equity Real Estate Investment Trusts (5.2%)
CBRE Group Inc., Class Aq		1,156,075		143,908,216
Simon Property Group Inc.		718,854		121,500,703
				265,408,919
Food & Staples Retailing (3.1%)
Sysco Corp.		2,040,678		159,295,325
Health Care Equipment & Supplies (3.3%)

Align Technology Inc.q	330,007	83,927,380
Baxter International Inc.	2,229,221	84,643,521
		168,570,901
Health Care Providers & Services (4.1%)
The Cigna Group	276,871	95,919,189
UnitedHealth Group Inc.	188,370	110,136,172
		206,055,361
Household Durables (3.2%)
D.R. Horton Inc.	864,230	164,869,157
Independent Power & Renewable Electricity Producers (1.7%)
Brookfield Renewable Corp., Class Al	2,667,638	87,125,057
Insurance (2.6%)
The Progressive Corp.	517,276	131,263,958
Interactive Media & Services (2.3%)
Alphabet Inc., Class A	711,028	117,923,994
Life Sciences Tools & Services (4.8%)
Agilent Technologies Inc.	944,194	140,193,925
Bio-Rad Laboratories Inc., Class Aq	310,732	103,964,713
		244,158,638
Machinery (5.4%)
Cummins Inc.	400,912	129,811,297
Deere & Co.	348,570	145,468,718
		275,280,015
Media (1.6%)
Comcast Corp., Class A	1,920,800	80,231,816
Multiline Retail (1.8%)
Amazon.com Inc.q	503,495	93,816,223
Pharmaceuticals (2.5%)
Pfizer Inc.	4,390,705	127,067,003
Road & Rail (2.3%)
Union Pacific Corp.	482,958	119,039,488
Semiconductors & Semiconductor Equipment (7.0%)
Broadcom Inc.	589,550	101,697,375
Intel Corp.	2,642,083	61,983,267
Micron Technology Inc.	1,057,266	109,649,057
Taiwan Semiconductor Manufacturing Co. Ltd., ADR	478,823	83,157,190
		356,486,889
Software (7.5%)
Microsoft Corp.	288,746	124,247,404
Nice Ltd., ADRq,l	517,039	89,794,163
Oracle Corp.	973,279	165,846,742

		379,888,309
Specialty Retail (2.0%)
Ross Stores Inc.	676,514	101,822,122
Technology Hardware, Storage & Peripherals (1.7%)
Western Digital Corp.q	1,271,549	86,834,081
Total investment in equities (99.0%)
(cost $3,860,587,829)		5,036,564,688

Short-Term Securities	Interest Rate	Maturity Date		Principal   Amount ($)		Market   Value ($)
Certificates of Deposit (0.0%)a
Citizens Trust Bank	1.00%		10/06/2024		250,000		249,863
Community Vision Capital & Consulting	0.25%		03/31/2025		250,000		242,562
Self-Help Federal Credit Union	4.60%		02/25/2025		250,000		245,995
							738,420
Certificates of Deposit Account Registry Service (0.0%)a
CDARS agreement with Beneficial State Bank, dated 03/14/2024 Participating depository institutions: First Business Bank, par 230,073; Frontier Bank, par 34,427; Solera National Bank, par 235,500; (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
Securities Purchased with Cash Collateral from Securities Lending
Registered Investment Companies (0.5%)
Invesco Aim Government & Agency Portfolio Short-Term Investments Trust, Institutional Class	4.78%						25,525,290
Time Deposits (1.0%)
Citibank, New York	4.18%		10/01/2024		51,347,279		51,347,279
Total short-term securities (1.5%)
(cost $78,200,017)							78,200,017
Total securities (100.5%)
(cost $3,938,787,846)							5,114,764,705
Payable upon return of securities loaned (-0.5%)							(25,525,290	)
Other assets and liabilities (-0.0%)							(1,865,336	)
Total net assets (100.0%)							5,087,374,079

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 $24,948,448.
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.

ADR  American Depositary Receipt