PARNASSUS CORE EQUITY FUND
Portfolio of Investments as of March 31, 2021 (unaudited)
Equities | Shares | Market Value ($) | ||||||
Air Freight & Logistics (3.2%) | ||||||||
FedEx Corp. | 2,843,994 | 807,808,056 | ||||||
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Airlines (1.1%) | ||||||||
Southwest Airlines Co. | 4,677,568 | 285,612,302 | ||||||
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Apparel & Luxury Goods (2.0%) | ||||||||
VF Corp. | 6,551,767 | 523,617,219 | ||||||
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Biotechnology (1.2%) | ||||||||
Gilead Sciences Inc. | 4,791,528 | 309,676,455 | ||||||
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Capital Markets (9.9%) | ||||||||
Charles Schwab Corp. | 11,711,249 | 763,339,210 | ||||||
CME Group Inc. | 4,869,952 | 994,590,297 | ||||||
S&P Global Inc. | 2,145,345 | 757,027,890 | ||||||
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2,514,957,397 | ||||||||
Chemicals (3.1%) | ||||||||
Linde plc | 2,868,828 | 803,673,476 | ||||||
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Commercial Services & Supplies (2.7%) | ||||||||
Waste Management Inc. | 5,319,180 | 686,280,604 | ||||||
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Diversified Telecom Services (3.0%) | ||||||||
Verizon Communications Inc. | 13,352,456 | 776,445,316 | ||||||
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Equity Real Estate Investment Trusts (4.7%) | ||||||||
Alexandria Real Estate Equities Inc. | 1,433,918 | 235,592,727 | ||||||
American Tower Corp. | 2,719,186 | 650,048,605 | ||||||
Digital Realty Trust Inc. | 2,327,707 | 327,834,254 | ||||||
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1,213,475,586 | ||||||||
Food & Staples Retailing (2.3%) | ||||||||
Costco Wholesale Corp. | 1,686,932 | 594,609,791 | ||||||
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Food Products (2.3%) | ||||||||
Mondelez International Inc., Class A | 9,953,086 | 582,554,124 | ||||||
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Health Care Equipment (7.5%) | ||||||||
Becton Dickinson and Co. | 2,793,652 | 679,276,484 | ||||||
Boston Scientific Corp. | 7,683,041 | 296,949,535 | ||||||
Danaher Corp. | 4,212,545 | 948,159,629 | ||||||
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1,924,385,648 | ||||||||
Household Products (2.7%) | ||||||||
The Procter & Gamble Co. | 5,091,609 | 689,556,607 | ||||||
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Interactive Media & Services (3.0%) | ||||||||
Alphabet Inc., Class A q | 375,886 | 775,272,393 | ||||||
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Internet (3.8%) | ||||||||
Amazon.com Inc. q | 318,474 | 985,384,034 | ||||||
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Internet & Catalog Retail (2.5%) | ||||||||
Booking Holdings Inc. q | 275,592 | 642,085,265 | ||||||
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IT Services (5.3%) | ||||||||
Fiserv Inc. q | 5,072,391 | 603,817,425 | ||||||
Mastercard Inc., Class A | 2,152,515 | 766,402,966 | ||||||
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1,370,220,391 | ||||||||
Machinery (7.8%) | ||||||||
Deere & Co. | 3,311,928 | 1,239,124,742 | ||||||
Pentair plc | 6,484,358 | 404,105,190 | ||||||
Xylem Inc. | 3,527,641 | 371,037,280 | ||||||
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2,014,267,212 | ||||||||
Media (4.1%) | ||||||||
Comcast Corp., Class A | 19,191,601 | 1,038,457,530 | ||||||
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Road & Rail (1.6%) | ||||||||
Kansas City Southern | 1,547,682 | 408,464,233 | ||||||
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Semiconductor Equipment (8.9%) | ||||||||
Applied Materials Inc. | 6,282,154 | 839,295,774 | ||||||
Intel Corp. | 4,528,324 | 289,812,736 | ||||||
Micron Technology Inc. q | 6,635,524 | 585,319,572 | ||||||
NVIDIA Corp. | 1,039,323 | 554,925,729 | ||||||
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2,269,353,811 | ||||||||
Semiconductors (2.1%) | ||||||||
Texas Instrument Inc. | 2,828,327 | 534,525,520 | ||||||
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Software (10.9%) | ||||||||
Adobe Inc. q | 1,218,715 | 579,340,549 | ||||||
Cadence Design Systems Inc. q | 3,993,143 | 547,020,659 | ||||||
Microsoft Corp. | 6,002,323 | 1,415,167,694 | ||||||
Synopsys Inc. q | 1,070,146 | 265,160,776 | ||||||
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2,806,689,678 | ||||||||
Technology Hardware (2.4%) | ||||||||
Apple Inc. | 4,962,001 | 606,108,422 | ||||||
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Total investment in equities (98.1%) (cost $16,426,836,839) | 25,163,481,070 | |||||||
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Short-Term Securities | Interest Rate | Maturity Date | Principal Amount ($) | Market Value ($) | ||||||||||||
Certificates of Deposit (0.0%) a | ||||||||||||||||
Citizens Bank Trust | 0.05 | % | 01/14/2022 | 250,000 | 242,109 | |||||||||||
Community Vision Capital & Consulting | 0.05 | % | 01/31/2022 | 250,000 | 245,014 | |||||||||||
Providence Bank & Trust | 0.25 | % | 09/24/2021 | 250,000 | 245,179 | |||||||||||
Self-Help Federal Credit Union | 0.50 | % | 10/16/2021 | 250,000 | 244,575 | |||||||||||
Self-Help Federal Credit Union | 0.40 | % | 02/17/2022 | 1,000,000 | 964,712 | |||||||||||
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1,941,589 | ||||||||||||||||
Certificates of Deposit Account Registry Service (0.0%) a |
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CDARS agreement with Beneficial State Bank, dated 03/18/2021 Participating depository institutions: Amalgamated Bank, par 243,500; Armstrong Bank, par 243,500; Great Plains State Bank, par 243,500; Oakstar Bank, par 243,500; OneUnited Bank, par 243,500; Ponce Bank, par 243,500; Security State Bank of Hibbing, par 243,500; Signature Bank, National Association, par 56,515; Southern States Bank, par 243,500; | 0.07 | % | 03/17/2022 | 2,004,515 | 1,923,297 | |||||||||||
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Community Development Loans (0.0%) a | ||||||||||||||||
BlueHub Loan Fund | 1.00 | % | 04/15/2021 | 100,000 | 99,766 | |||||||||||
Enterprise Community Loan Fund | 0.05 | % | 02/28/2022 | 500,000 | 472,630 | |||||||||||
New Hampshire Community Loan Fund | 1.00 | % | 07/31/2021 | 500,000 | 490,055 | |||||||||||
Root Capital Loan Fund | 1.00 | % | 02/01/2022 | 200,000 | 189,940 | |||||||||||
Vermont Community Loan Fund | 1.00 | % | 04/15/2021 | 100,000 | 99,766 | |||||||||||
Washington Area Community Investment Fund | 1.00 | % | 02/09/2022 | 100,000 | 94,838 | |||||||||||
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1,446,995 | ||||||||||||||||
Time Deposits (2.2%) | ||||||||||||||||
Anz, London | 0.01 | % | 04/01/2021 | 56,356,573 | 56,356,573 | |||||||||||
Barclays, London | 0.01 | % | 04/01/2021 | 111,301,408 | 111,301,408 | |||||||||||
BNP Paribas, Paris | 0.01 | % | 04/01/2021 | 200,000,000 | 200,000,000 | |||||||||||
JPMorgan Chase, New York | 0.01 | % | 04/01/2021 | 200,000,000 | 200,000,000 | |||||||||||
Sumitomo, Tokyo | 0.01 | % | 04/01/2021 | 2,782 | 2,782 | |||||||||||
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567,660,763 | ||||||||||||||||
Total short-term securities (2.2%) (cost $572,972,644) | 572,972,644 | |||||||||||||||
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Total securities (100.3%) (cost $16,999,809,483) | 25,736,453,714 | |||||||||||||||
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Other assets and liabilities (-0.3%) | (82,158,888 | ) | ||||||||||||||
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Total net assets (100.0%) | 25,654,294,826 | |||||||||||||||
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α | Market value adjustments have been applied to these securities to reflect potential early withdrawal. | |
q | This security is non-income producing. | |
plc | Public Limited Company |