PARNASSUS CORE EQUITY FUND
Portfolio of Investments as of September 30, 2021 (unaudited)
Equities | Shares | Market Value ($) | ||||||
Apparel & Luxury Goods (3.5%) | ||||||||
Nike Inc., Class B | 3,246,278 | 471,456,954 | ||||||
VF Corp. | 8,538,702 | 572,007,647 | ||||||
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1,043,464,601 | ||||||||
Biotechnology (1.8%) | ||||||||
Gilead Sciences Inc. | 7,665,583 | 535,440,972 | ||||||
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Capital Markets (10.4%) | ||||||||
CME Group Inc., Class A | 6,080,881 | 1,175,920,768 | ||||||
S&P Global Inc. | 2,263,138 | 961,584,705 | ||||||
The Charles Schwab Corp. | 12,702,196 | 925,227,957 | ||||||
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3,062,733,430 | ||||||||
Chemicals (3.1%) | ||||||||
Linde plc | 3,087,734 | 905,879,401 | ||||||
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Commercial Services & Supplies (2.9%) | ||||||||
Waste Management Inc. | 5,668,646 | 846,668,966 | ||||||
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Containers & Packaging (2.0%) | ||||||||
Ball Corp. | 6,675,949 | 600,635,132 | ||||||
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Diversified Telecom Services (2.1%) | ||||||||
Verizon Communications Inc. | 11,380,778 | 614,675,820 | ||||||
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Equity Real Estate Investment Trusts (5.6%) | ||||||||
Alexandria Real Estate Equities Inc. | 2,100,778 | 401,395,652 | ||||||
American Tower Corp. | 3,104,553 | 823,979,412 | ||||||
Digital Realty Trust Inc. | 2,843,028 | 410,675,395 | ||||||
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1,636,050,459 | ||||||||
Food & Staples Retailing (2.7%) | ||||||||
Costco Wholesale Corp. | 1,787,095 | 803,031,138 | ||||||
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Food Products (2.4%) | ||||||||
Mondelez International Inc., Class A | 12,032,287 | 700,038,458 | ||||||
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Health Care Equipment (9.8%) | ||||||||
Becton Dickinson and Co. | 3,675,719 | 903,565,245 | ||||||
Boston Scientific Corp. q | 13,418,340 | 582,221,773 | ||||||
Danaher Corp. | 4,498,540 | 1,369,535,518 | ||||||
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2,855,322,536 | ||||||||
Household Products (2.9%) | ||||||||
The Procter & Gamble Co. | 6,191,177 | 865,526,545 | ||||||
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Interactive Media & Services (5.5%) | ||||||||
Alphabet Inc., Class A q | 605,405 | 1,618,562,375 | ||||||
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Internet & Catalog Retail (2.1%) | ||||||||
Booking Holdings Inc. q | 258,966 | 614,751,618 | ||||||
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IT Services (5.8%) | ||||||||
Fiserv Inc. q | 7,859,358 | 852,740,343 | ||||||
Mastercard Inc., Class A | 2,454,040 | 853,220,627 | ||||||
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1,705,960,970 | ||||||||
Machinery (6.5%) | ||||||||
Deere & Co. | 2,759,860 | 924,746,290 | ||||||
Pentair plc | 7,148,814 | 519,218,361 | ||||||
Xylem Inc. | 3,846,731 | 475,763,690 | ||||||
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1,919,728,341 | ||||||||
Media (4.1%) | ||||||||
Comcast Corp., Class A | 21,311,280 | 1,191,939,890 | ||||||
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Road & Rail (1.8%) | ||||||||
Kansas City Southern | 1,906,445 | 515,960,275 | ||||||
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Semiconductor Equipment (7.3%) | ||||||||
Applied Materials Inc. | 5,415,466 | 697,132,938 | ||||||
Intel Corp. | 5,632,738 | 300,112,281 | ||||||
Micron Technology Inc. q | 4,636,460 | 329,095,931 | ||||||
NVIDIA Corp. | 3,963,800 | 821,140,808 | ||||||
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2,147,481,958 | ||||||||
Semiconductors (1.9%) | ||||||||
Texas Instrument Inc. | 2,991,073 | 574,914,141 | ||||||
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Software (11.6%) | ||||||||
Adobe Inc. q | 1,124,148 | 647,194,486 | ||||||
Cadence Design Systems Inc. q | 3,401,110 | 515,064,098 | ||||||
Microsoft Corp. | 6,747,653 | 1,902,298,334 | ||||||
Synopsys Inc. q | 1,133,766 | 339,460,878 | ||||||
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3,404,017,796 | ||||||||
Technology Hardware (2.6%) | ||||||||
Apple Inc. | 5,415,029 | 766,226,603 | ||||||
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Total investment in equities (98.4%) (cost $19,650,516,400) | 28,929,011,425 | |||||||
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Short-Term Securities | Interest Rate | Maturity Date | Principal Amount ($) | Market Value ($) | ||||||||||||
Certificates of Deposit (0.0%) a | ||||||||||||||||
Citizens Bank Trust | 0.05 | % | 01/14/2022 | 250,000 | 247,123 | |||||||||||
Community Vision Capital & Consulting | 0.50 | % | 01/31/2022 | 250,000 | 248,006 | |||||||||||
Self-Help Federal Credit Union | 0.50 | % | 10/16/2021 | 250,000 | 249,589 | |||||||||||
Self-Help Federal Credit Union | 0.40 | % | 02/17/2022 | 1,000,000 | 969,865 | |||||||||||
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1,714,583 | ||||||||||||||||
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 | 1,970,871 | |||||||||||
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Community Development Loans (0.0%) a | ||||||||||||||||
BlueHub Loan Fund | 1.00 | % | 04/15/2022 | 100,000 | 96,778 | |||||||||||
BlueHub Loan Fund | 1.00 | % | 04/15/2022 | 900,000 | 871,003 | |||||||||||
Enterprise Community Loan Fund | 0.50 | % | 02/28/2022 | 500,000 | 487,671 | |||||||||||
New Hampshire Community Loan Fund | 1.00 | % | 07/31/2022 | 500,000 | 475,096 | |||||||||||
Root Capital Loan Fund | 1.00 | % | 02/01/2022 | 200,000 | 195,956 | |||||||||||
Vermont Community Loan Fund | 0.75 | % | 04/15/2022 | 100,000 | 96,778 | |||||||||||
Washington Area Community Investment Fund | 1.00 | % | 02/09/2022 | 100,000 | 97,847 | |||||||||||
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2,321,129 | ||||||||||||||||
Time Deposits (1.9%) | ||||||||||||||||
ANZ, London | 0.01 | % | 10/01/2021 | 200,000,000 | 200,000,000 | |||||||||||
DNB, Oslo | 0.01 | % | 10/01/2021 | 138,923,496 | 138,923,496 | |||||||||||
SEB, Stockholm | 0.01 | % | 10/01/2021 | 200,000,000 | 200,000,000 | |||||||||||
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538,923,496 | ||||||||||||||||
Total short-term securities (1.9%) (cost $544,930,079) | 544,930,079 | |||||||||||||||
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Total securities (100.3%) (cost $20,195,446,479) | 29,473,941,504 | |||||||||||||||
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Other assets and liabilities (-0.3%) | (78,058,746 | ) | ||||||||||||||
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Total net assets (100.0%) | 29,395,882,758 | |||||||||||||||
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q | This security is non-income producing. | |
α | Market value adjustments have been applied to these securities to reflect potential early withdrawal. Such securities has been classified as level 3. | |
plc | Public Limited Company |