# EDGAR Filing Document

**Accession Number:** 0000948669
**File Stem:** 0001021408-25-002659
**Filing Date:** 2025-8
**Character Count:** 62318
**Document Hash:** 4fb1c35a98f294588f8f294cbd0b543e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001021408-25-002659.hdr.sgml**: 20250821

**ACCESSION NUMBER**: 0001021408-25-002659

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250821

**EFFECTIVENESS DATE**: 20250821

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PARNASSUS INVESTMENTS, LLC
- **CENTRAL INDEX KEY:** 0000948669

**ORGANIZATION NAME:**
- **EIN:** 872269073
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05022
- **FILM NUMBER:** 251240090

**BUSINESS ADDRESS:**
- **STREET 1:** 1 MARKET STREET #1600
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** 4157780200

**MAIL ADDRESS:**
- **STREET 1:** 1 MARKET STREET #1600
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PARNASSUS INVESTMENTS /CA
- **DATE OF NAME CHANGE:** 19990326

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0000948669

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** Parnassus Investments, LLC

**Address:** 1 Market Street #1600, San Francisco, CA 94105

**Telephone number:** 415-778-0200

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-05022

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                               | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                                              | VOTE CATEGORY                |     SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Autodesk, Inc.                               | 052769106 | 07/16/2024     | Approve, on an advisory (non-binding) basis, the compensation of Autodesk, Inc.'s named executive officers.                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES | 276100           |                0 | FOR         |                         276100           | FOR                         |  |
| Linde Plc                                    | G54950103 | 07/30/2024     | To approve, on an advisory and non-binding basis, the compensation of Linde plc's Named Executive Officers, as disclosed in the 2024 Proxy statement.                                                                         | SECTION 14A SAY-ON-PAY VOTES |      2.08801e+06 |                0 | FOR         |                              2.08801e+06 | FOR                         |  |
| FedEx Corporation                            | 31428X106 | 09/23/2024     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 301210           |                0 | FOR         |                         301210           | FOR                         |  |
| The Procter  Gamble Company                  | 742718109 | 10/08/2024     | Advisory Vote to Approve the Company's Executive Compensation (the "Say on Pay" vote)                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |      3.35487e+06 |                0 | FOR         |                              3.35487e+06 | FOR                         |  |
| Cintas Corporation                           | 172908105 | 10/29/2024     | To approve, on an advisory basis, named executive officer compensation.                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |  30728           |                0 | FOR         |                          30728           | FOR                         |  |
| Lam Research Corporation                     | 512807306 | 11/05/2024     | Advisory vote to approve the compensation of the named executive officers of Lam Research, or "Say on Pay."                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |  67383           |                0 | FOR         |                          67383           | FOR                         |  |
| KLA Corporation                              | 482480100 | 11/06/2024     | To approve on a non-binding, advisory basis our named executive officer compensation.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES | 153567           |                0 | FOR         |                         153567           | FOR                         |  |
| Broadridge Financial Solutions, Inc.         | 11133T103 | 11/14/2024     | Advisory vote to approve the compensation of the Company's Named Executive Officers (the Say on Pay Vote);                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 493249           |                0 | FOR         |                         493249           | FOR                         |  |
| Oracle Corporation                           | 68389X105 | 11/14/2024     | Advisory Vote to Approve the Compensation of our Named Executive Officers                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |      6.3927e+06  |                0 | AGAINST     |                              6.3927e+06  | AGAINST                     |  |
| Sysco Corporation                            | 871829107 | 11/15/2024     | To approve, by advisory vote, the compensation paid to Sysco's named executive officers, as disclosed in Sysco's 2024 proxy statement.                                                                                        | SECTION 14A SAY-ON-PAY VOTES |      7.61932e+06 |                0 | FOR         |                              7.61932e+06 | FOR                         |  |
| Western Digital Corporation                  | 958102105 | 11/20/2024     | Approval on an advisory basis of the named executive officer compensation disclosed in the Proxy Statement.                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |      2.286e+06   |                0 | FOR         |                              2.286e+06   | FOR                         |  |
| Ferguson Enterprises Inc.                    | 31488V107 | 12/05/2024     | To approve, on an advisory basis, the fiscal 2024 compensation of the Company's Named Executive Officers.                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 338379           |                0 | FOR         |                         338379           | FOR                         |  |
| Ferguson Enterprises Inc.                    | 31488V107 | 12/05/2024     | To approve, on an advisory basis, the frequency of future shareholder advisory votes to approve the compensation of the Company's Named Executive Officers.                                                                   | SECTION 14A SAY-ON-PAY VOTES | 338379           |                0 | ONE YEAR    |                         338379           | FOR                         |  |
| Microsoft Corporation                        | 594918104 | 12/10/2024     | Advisory Vote to Approve Named Executive Officer Compensation ("say-on-pay vote")                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |      5.54174e+06 |                0 | FOR         |                              5.54174e+06 | FOR                         |  |
| Atlassian Corporation                        | 049468101 | 12/11/2024     | An advisory vote to approve the compensation of our named executive officers for the fiscal year ended June 30, 2024.                                                                                                         | SECTION 14A SAY-ON-PAY VOTES | 321240           |                0 | AGAINST     |                         321240           | AGAINST                     |  |
| Guidewire Software, Inc.                     | 40171V100 | 12/17/2024     | To conduct a non-binding, advisory vote to approve the compensation of our named executive officers.                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |      1.09259e+06 |                0 | FOR         |                              1.09259e+06 | FOR                         |  |
| AutoZone, Inc.                               | 053332102 | 12/18/2024     | Approval of an advisory vote on the compensation of named executive officers                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES | 263255           |               10 | FOR         |                         263255           | FOR                         |  |
| D.R. Horton, Inc.                            | 23331A109 | 01/16/2025     | Approval of the advisory resolution on executive compensation.                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |      3.90743e+06 |             2200 | FOR         |                              3.90743e+06 | FOR                         |  |
| Micron Technology, Inc.                      | 595112103 | 01/16/2025     | PROPOSAL BY THE COMPANY TO APPROVE, ON A NON-BINDING ADVISORY BASIS, THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS AS DESCRIBED IN THE PROXY STATEMENT.                                                                    | SECTION 14A SAY-ON-PAY VOTES |      1.05727e+06 |                0 | FOR         |                              1.05727e+06 | FOR                         |  |
| Costco Wholesale Corporation                 | 22160K105 | 01/23/2025     | Approval, on an advisory basis, of executive compensation.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 660826           |                0 | FOR         |                         660826           | FOR                         |  |
| Intuit Inc.                                  | 461202103 | 01/23/2025     | Advisory vote to approve Intuit's executive compensation (say-on-pay)                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |      1.03994e+06 |                0 | FOR         |                              1.03994e+06 | FOR                         |  |
| Visa Inc.                                    | 92826C839 | 01/28/2025     | To approve, on an advisory basis, the compensation paid to our named executive officers.                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |   8904           |                0 | FOR         |                           8904           | FOR                         |  |
| Rockwell Automation, Inc.                    | 773903109 | 02/04/2025     | To approve, on an advisory basis, the compensation of the Corporation's named executive officers.                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |  62471           |                0 | AGAINST     |                          62471           | AGAINST                     |  |
| PTC Inc.                                     | 69370C100 | 02/12/2025     | Advisory vote to approve the compensation of our named executive officers (say-on-pay).                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |  97228           |                0 | FOR         |                          97228           | FOR                         |  |
| Apple Inc.                                   | 037833100 | 02/25/2025     | Advisory vote to approve executive compensation                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |      3.45289e+06 |                0 | FOR         |                              3.45289e+06 | FOR                         |  |
| Deere  Company                               | 244199105 | 02/26/2025     | Advisory vote to approve executive compensation ("say-on-pay")                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |      3.06744e+06 |                0 | FOR         |                              3.06744e+06 | FOR                         |  |
| Hologic Inc.                                 | 436440101 | 02/26/2025     | A non-binding advisory vote to approve executive compensation.                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |      1.06342e+06 |                0 | FOR         |                              1.06342e+06 | FOR                         |  |
| Applied Materials, Inc.                      | 038222105 | 03/06/2025     | Approval, on an advisory basis, of the compensation of Applied Materials' named executive officers for fiscal year 2024.                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |      3.18659e+06 |                0 | FOR         |                              3.18659e+06 | FOR                         |  |
| Agilent Technologies, Inc.                   | 00846U101 | 03/13/2025     | To approve, on a non-binding advisory basis, the compensation of our named executive officers.                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |      1.4332e+06  |                0 | FOR         |                              1.4332e+06  | FOR                         |  |
| Synopsys, Inc.                               | 871607107 | 04/10/2025     | To approve, on an advisory basis, the compensation of our named executive officers, as disclosed in the attached Proxy Statement.                                                                                             | SECTION 14A SAY-ON-PAY VOTES |      1.01221e+06 |                0 | FOR         |                              1.01221e+06 | FOR                         |  |
| The Bank of New York Mellon Corporation      | 064058100 | 04/15/2025     | Advisory resolution to approve the 2024 compensation of our named executive officers.                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |      2.70427e+06 |                0 | FOR         |                              2.70427e+06 | FOR                         |  |
| The Sherwin-Williams Company                 | 824348106 | 04/16/2025     | Advisory approval of the compensation of the named executive officers.                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |      1.63178e+06 |                0 | FOR         |                              1.63178e+06 | FOR                         |  |
| Broadcom Inc.                                | 11135F101 | 04/21/2025     | Advisory vote to approve the named executive officer compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |      4.52157e+06 |                0 | FOR         |                              4.52157e+06 | FOR                         |  |
| Bank of America Corporation                  | 060505104 | 04/22/2025     | Approving our executive compensation (an advisory, non-binding "Say on Pay" resolution)                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |      1.84793e+07 |                0 | FOR         |                              1.84793e+07 | FOR                         |  |
| MSCI Inc.                                    | 55354G100 | 04/22/2025     | To approve, by advisory vote, our executive compensation.                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |  34045           |                0 | FOR         |                          34045           | FOR                         |  |
| The Cigna Group                              | 125523100 | 04/23/2025     | Advisory approval of executive compensation                                                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |      2.5816e+06  |                0 | FOR         |                              2.5816e+06  | FOR                         |  |
| Global Payments Inc.                         | 37940X102 | 04/24/2025     | Approval, on an advisory basis, of the compensation of the company's named executive officers for 2024.                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |      1.09804e+06 |                0 | FOR         |                              1.09804e+06 | FOR                         |  |
| IQVIA Holdings Inc.                          | 46266C105 | 04/24/2025     | Approve an advisory (non-binding) resolution to approve IQVIA'S executive compensation (say-on-pay).                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 319799           |                0 | AGAINST     |                         319799           | AGAINST                     |  |
| J.B. Hunt Transport Services, Inc.           | 445658107 | 04/24/2025     | To consider and approve an advisory resolution regarding the Company's compensation of its named executive officers.                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 774976           |                0 | FOR         |                         774976           | FOR                         |  |
| Pfizer Inc.                                  | 717081103 | 04/24/2025     | 2025 advisory approval of executive compensation                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |      4.4017e+06  |                0 | AGAINST     |                              4.4017e+06  | AGAINST                     |  |
| Citigroup Inc.                               | 172967424 | 04/29/2025     | Advisory vote to approve our 2024 Executive Compensation.                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |      1.72569e+06 |                0 | FOR         |                              1.72569e+06 | FOR                         |  |
| Truist Financial Corporation                 | 89832Q109 | 04/29/2025     | Advisory vote to approve Truist's executive compensation program.                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |      2.07964e+06 |                0 | AGAINST     |                              2.07964e+06 | AGAINST                     |  |
| Ball Corporation                             | 058498106 | 04/30/2025     | Approve, by non-binding vote, the compensation paid to the named executive officers.                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |      1.56733e+07 |                0 | FOR         |                              1.56733e+07 | FOR                         |  |
| Pool Corporation                             | 73278L105 | 04/30/2025     | Say-on-pay vote: Advisory vote to approve the compensation of our named executive officers as disclosed in the proxy statement.                                                                                               | SECTION 14A SAY-ON-PAY VOTES | 222343           |                0 | FOR         |                         222343           | FOR                         |  |
| Boston Scientific Corporation                | 101137107 | 05/01/2025     | To approve, on a non-binding, advisory basis, the compensation of our named executive officers.                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |  14168           |                0 | FOR         |                          14168           | FOR                         |  |
| Intuitive Surgical, Inc.                     | 46120E602 | 05/01/2025     | To approve, by advisory vote, the compensation of the Company's Named Executive Officers.                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |   2164           |                0 | FOR         |                           2164           | FOR                         |  |
| Mettler-Toledo International Inc.            | 592688105 | 05/01/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |  17617           |                0 | FOR         |                          17617           | FOR                         |  |
| Eli Lilly and Company                        | 532457108 | 05/05/2025     | Approval, on an advisory basis, of the compensation paid to the company's named executive officers.                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 796316           |                0 | FOR         |                         796316           | FOR                         |  |
| Baxter International Inc.                    | 071813109 | 05/06/2025     | Advisory Vote to Approve Named Executive Officer Compensation for 2024                                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |      2.30305e+06 |                0 | FOR         |                              2.30305e+06 | FOR                         |  |
| Cboe Global Markets, Inc.                    | 12503M108 | 05/06/2025     | Approve, in a non-binding resolution, the compensation paid to our executive officers.                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 475727           |                0 | FOR         |                         475727           | FOR                         |  |
| Danaher Corporation                          | 235851102 | 05/06/2025     | To approve on an advisory basis the Company's named executive officer compensation.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |      3.38736e+06 |                0 | FOR         |                              3.38736e+06 | FOR                         |  |
| Hubbell Incorporated                         | 443510607 | 05/06/2025     | To approve, by advisory vote, the compensation of our Named Executive Officers as presented in the 2025 Proxy Statement.                                                                                                      | SECTION 14A SAY-ON-PAY VOTES | 177190           |                0 | FOR         |                         177190           | FOR                         |  |
| Intel Corporation                            | 458140100 | 05/06/2025     | Advisory vote on executive compensation (Say-On-Pay).                                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES |      1.81212e+06 |                0 | AGAINST     |                              1.81212e+06 | AGAINST                     |  |
| Pentair plc                                  | G7S00T104 | 05/06/2025     | To approve, by nonbinding, advisory vote, the compensation of the named executive officers.                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES | 486301           |                0 | FOR         |                         486301           | FOR                         |  |
| West Pharmaceutical Services, Inc.           | 955306105 | 05/06/2025     | Advisory vote to approve named executive officer compensation;                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |  62479           |                0 | FOR         |                          62479           | FOR                         |  |
| Brown  Brown, Inc.                           | 115236101 | 05/07/2025     | To approve, on an advisory basis, the compensation of named executive officers.                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |      2.93359e+06 |            19321 | FOR         |                              2.93359e+06 | FOR                         |  |
| Gilead Sciences, Inc.                        | 375558103 | 05/07/2025     | To approve, on an advisory basis, the compensation of our Named Executive Officers as presented in the Proxy Statement.                                                                                                       | SECTION 14A SAY-ON-PAY VOTES | 746133           |                0 | FOR         |                         746133           | FOR                         |  |
| IDEXX Laboratories, Inc.                     | 45168D104 | 05/07/2025     | Advisory Vote on Executive Compensation. To approve a nonbinding advisory resolution on the Company's executive compensation (Proposal Three).                                                                                | SECTION 14A SAY-ON-PAY VOTES |  48347           |                0 | FOR         |                          48347           | FOR                         |  |
| S Global Inc.                                | 78409V104 | 05/07/2025     | Approve, on an advisory basis, the executive compensation program for the Company's named executive officers, as described in the Proxy Statement;                                                                            | SECTION 14A SAY-ON-PAY VOTES |      1.90405e+06 |                0 | AGAINST     |                              1.90405e+06 | AGAINST                     |  |
| TransUnion                                   | 89400J107 | 05/07/2025     | To approve, on a non-binding advisory basis, the compensation of TransUnion's named executive officers.                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |      1.1017e+06  |                0 | FOR         |                              1.1017e+06  | FOR                         |  |
| Cadence Design Systems, Inc.                 | 127387108 | 05/08/2025     | Advisory resolution to approve named executive officer compensation.                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |  54099           |                0 | FOR         |                          54099           | FOR                         |  |
| CME Group Inc.                               | 12572Q105 | 05/08/2025     | Advisory vote on the compensation of our named executive officers.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 315979           |                0 | FOR         |                         315979           | FOR                         |  |
| Equifax Inc.                                 | 294429105 | 05/08/2025     | Advisory vote to approve named executive officer compensation ("say-on-pay").                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |      1.63163e+06 |                0 | FOR         |                              1.63163e+06 | FOR                         |  |
| Stryker Corporation                          | 863667101 | 05/08/2025     | Advisory Vote to Approve Named Executive Officer Compensation.                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |      1.62478e+06 |                0 | FOR         |                              1.62478e+06 | FOR                         |  |
| Union Pacific Corporation                    | 907818108 | 05/08/2025     | Approve, by non-binding vote, the compensation of the Company's Named Executive Officers ("Say on Pay").                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES | 483883           |                0 | FOR         |                         483883           | FOR                         |  |
| Marriott International, Inc.                 | 571903202 | 05/09/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |      1.78028e+06 |                0 | FOR         |                              1.78028e+06 | FOR                         |  |
| Morningstar, Inc.                            | 617700109 | 05/09/2025     | Advisory vote to approve executive compensation of the Company's named executive officers.                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |  70111           |                0 | FOR         |                          70111           | FOR                         |  |
| Teradyne, Inc.                               | 880770102 | 05/09/2025     | To approve, on a non-binding, advisory basis, the 2024 compensation of the Company's named executive officers.                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 242068           |                0 | FOR         |                         242068           | FOR                         |  |
| The Progressive Corporation                  | 743315103 | 05/09/2025     | Cast an advisory vote to approve our executive compensation program;                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 449242           |                0 | FOR         |                         449242           | FOR                         |  |
| Cummins Inc.                                 | 231021106 | 05/13/2025     | Advisory vote to approve the compensation of our named executive officers as disclosed in the proxy statement.                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 350969           |                0 | FOR         |                         350969           | FOR                         |  |
| Realty Income Corporation                    | 756109104 | 05/13/2025     | A non-binding advisory proposal to approve the compensation of our named executive officers as described in the Proxy Statement.                                                                                              | SECTION 14A SAY-ON-PAY VOTES |      1.92865e+07 |                0 | FOR         |                              1.92865e+07 | FOR                         |  |
| Waste Management, Inc.                       | 94106L109 | 05/13/2025     | Approval, on an advisory basis, of our executive compensation.                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |      5.24912e+06 |                0 | FOR         |                              5.24912e+06 | FOR                         |  |
| Xylem Inc.                                   | 98419M100 | 05/13/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 695219           |                0 | FOR         |                         695219           | FOR                         |  |
| Advanced Micro Devices, Inc.                 | 007903107 | 05/14/2025     | Approve on a non-binding, advisory basis the compensation of the named executive officers, as disclosed in this proxy statement pursuant to the compensation disclosure rules of the U.S. Securities and Exchange Commission. | SECTION 14A SAY-ON-PAY VOTES |      3.70325e+06 |                0 | FOR         |                              3.70325e+06 | FOR                         |  |
| Fiserv, Inc.                                 | 337738108 | 05/14/2025     | To approve, on an advisory basis, the compensation of the named executive officers of Fiserv, Inc.                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |      3.81924e+06 |                0 | FOR         |                              3.81924e+06 | FOR                         |  |
| GE Vernova, Inc.                             | 36828A101 | 05/14/2025     | Approve the compensation of our named executives officers in an advisory vote                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |   2867           |                0 | FOR         |                           2867           | FOR                         |  |
| GE Vernova, Inc.                             | 36828A101 | 05/14/2025     | Approve the frequency of future advisory votes on named executive officers compensation in an advisory vote                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |   2867           |                0 | ONE YEAR    |                           2867           | FOR                         |  |
| Hilton Worldwide Holdings Inc.               | 43300A203 | 05/14/2025     | Approval, in a non-binding advisory vote, of the compensation paid to the named executive officers.                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 246909           |                0 | FOR         |                         246909           | FOR                         |  |
| Simon Property Group, Inc.                   | 828806109 | 05/14/2025     | Advisory Vote to Approve the Compensation of our Named Executive Officers.                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 670528           |                0 | AGAINST     |                         670528           | AGAINST                     |  |
| Vertex Pharmaceuticals Incorporated          | 92532F100 | 05/14/2025     | Advisory vote to approve named executive officer compensation.                                                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |      1.5681e+06  |                0 | FOR         |                              1.5681e+06  | FOR                         |  |
| KeyCorp                                      | 493267108 | 05/15/2025     | Advisory approval of executive compensation.                                                                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES |      2.27966e+06 |                0 | AGAINST     |                              2.27966e+06 | AGAINST                     |  |
| Marsh  McLennan Companies, Inc.              | 571748102 | 05/15/2025     | Advisory (Nonbinding) Vote to Approve Named Executive Officer Compensation                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      2.48076e+06 |                0 | FOR         |                              2.48076e+06 | FOR                         |  |
| O'Reilly Automotive, Inc.                    | 67103H107 | 05/15/2025     | Advisory vote to approve executive compensation.                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |  74021           |                0 | FOR         |                          74021           | FOR                         |  |
| Repligen Corporation                         | 759916109 | 05/15/2025     | Advisory vote to approve the compensation paid to Repligen Corporation's named executive officers.                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 254821           |                0 | FOR         |                         254821           | FOR                         |  |
| Intercontinental Exchange, Inc.              | 45866F104 | 05/16/2025     | To approve, by non-binding vote, the advisory resolution on executive compensation for named executive officers.                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |      6.04877e+06 |                0 | FOR         |                              6.04877e+06 | FOR                         |  |
| Republic Services, Inc.                      | 760759100 | 05/19/2025     | Advisory vote to approve our named executive officer compensation.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 406956           |                0 | FOR         |                         406956           | FOR                         |  |
| Verisk Analytics, Inc.                       | 92345Y106 | 05/20/2025     | To approve executive compensation on an advisory, non-binding basis.                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |      1.15975e+06 |                0 | FOR         |                              1.15975e+06 | FOR                         |  |
| Amazon.com, Inc.                             | 023135106 | 05/21/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |      9.07362e+06 |                0 | AGAINST     |                              9.07362e+06 | AGAINST                     |  |
| CBRE Group, Inc.                             | 12504L109 | 05/21/2025     | Advisory vote to approve named executive officer compensation for 2024.                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |      1.84178e+06 |                0 | FOR         |                              1.84178e+06 | FOR                         |  |
| Old Dominion Freight Line, Inc.              | 679580100 | 05/21/2025     | Approval, on an advisory basis, of the compensation of the Company's named executive officers.                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 477976           |                0 | FOR         |                         477976           | FOR                         |  |
| Ross Stores, Inc.                            | 778296103 | 05/21/2025     | Advisory vote to approve the resolution on the compensation of the named executive officers.                                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES | 542016           |                0 | AGAINST     |                         542016           | AGAINST                     |  |
| Thermo Fisher Scientific Inc.                | 883556102 | 05/21/2025     | An advisory vote to approve named executive officer compensation.                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |      1.24824e+06 |                0 | AGAINST     |                              1.24824e+06 | AGAINST                     |  |
| ServiceNow, Inc.                             | 81762P102 | 05/22/2025     | Advisory vote to approve ServiceNow's named executive officer compensation.                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES | 442456           |                0 | FOR         |                         442456           | FOR                         |  |
| The Charles Schwab Corporation               | 808513105 | 05/22/2025     | Advisory approval of named executive officer compensation                                                                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES |      1.69728e+06 |                0 | AGAINST     |                              1.69728e+06 | AGAINST                     |  |
| US Foods Holding Corp.                       | 912008109 | 05/22/2025     | Advisory approval of the compensation paid to our named executive officers, as disclosed in the Proxy Statement.                                                                                                              | SECTION 14A SAY-ON-PAY VOTES | 987575           |                0 | FOR         |                         987575           | FOR                         |  |
| Verizon Communications Inc.                  | 92343V104 | 05/22/2025     | Advisory vote to approve executive compensation                                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |      3.30426e+06 |                0 | FOR         |                              3.30426e+06 | FOR                         |  |
| Builders FirstSource, Inc.                   | 12008R107 | 05/27/2025     | An advisory vote on the compensation of the named executive officers                                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 107970           |                0 | FOR         |                         107970           | FOR                         |  |
| The Trade Desk, Inc.                         | 88339J105 | 05/27/2025     | The approval, on a non-binding, advisory basis, the compensation of our named executive officers.                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |      1.72055e+06 |                0 | AGAINST     |                              1.72055e+06 | AGAINST                     |  |
| The Allstate Corporation                     | 020002101 | 05/29/2025     | Advisory vote to approve the compensation of the named executives.                                                                                                                                                            | SECTION 14A SAY-ON-PAY VOTES | 420771           |                0 | FOR         |                         420771           | FOR                         |  |
| UnitedHealth Group Incorporated              | 91324P102 | 06/02/2025     | Advisory approval of the Company's executive compensation.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 220796           |                0 | AGAINST     |                         220796           | AGAINST                     |  |
| Datadog, Inc.                                | 23804L103 | 06/03/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 187802           |                0 | FOR         |                         187802           | FOR                         |  |
| Airbnb, Inc.                                 | 009066101 | 06/04/2025     | To approve, on an advisory (non-binding) basis, the compensation of our named executive officers.                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 700065           |                0 | AGAINST     |                         700065           | AGAINST                     |  |
| Workday, Inc.                                | 98138H101 | 06/04/2025     | To approve, on an advisory basis, the compensation of our named executive officers as disclosed in the Proxy Statement.                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |      2.65963e+06 |                0 | AGAINST     |                              2.65963e+06 | AGAINST                     |  |
| Cloudflare, Inc.                             | 18915M107 | 06/05/2025     | Approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES | 133738           |                0 | AGAINST     |                         133738           | AGAINST                     |  |
| Netflix, Inc.                                | 64110L106 | 06/05/2025     | Advisory approval of named executive officer compensation.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |   1138           |                0 | FOR         |                           1138           | FOR                         |  |
| Procore Technologies, Inc.                   | 74275K108 | 06/05/2025     | To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers.                                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 147079           |                0 | AGAINST     |                         147079           | AGAINST                     |  |
| Salesforce, Inc.                             | 79466L302 | 06/05/2025     | Approval, on an advisory basis, of the fiscal 2025 compensation of our named executive officers.                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |      2.19558e+06 |                0 | FOR         |                              2.19558e+06 | FOR                         |  |
| Trane Technologies Plc                       | G8994E103 | 06/05/2025     | Advisory approval of the compensation of the Company's named executive officers.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |  43525           |                0 | FOR         |                          43525           | FOR                         |  |
| Walmart Inc.                                 | 931142103 | 06/05/2025     | Advisory Vote to Approve Named Executive Officer Compensation                                                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 400000           |                0 | FOR         |                         400000           | FOR                         |  |
| Ares Management Corporation                  | 03990B101 | 06/06/2025     | Approval, on a non-binding, advisory basis, of the compensation paid to our named executive officers for our 2024 fiscal year.                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 118048           |                0 | AGAINST     |                         118048           | AGAINST                     |  |
| Ares Management Corporation                  | 03990B101 | 06/06/2025     | To recommend, on a non-binding, advisory basis, the frequency of future advisory votes to approve, on a non-binding, advisory basis, the compensation paid to our named executive officers.                                   | SECTION 14A SAY-ON-PAY VOTES | 118048           |                0 | ONE YEAR    |                         118048           | AGAINST                     |  |
| Roper Technologies, Inc.                     | 776696106 | 06/10/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 102722           |                0 | FOR         |                         102722           | FOR                         |  |
| Chipotle Mexican Grill, Inc.                 | 169656105 | 06/11/2025     | An advisory vote to approve the compensation of our executive officers as disclosed in the proxy statement ("say-on-pay").                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 295761           |                0 | AGAINST     |                         295761           | AGAINST                     |  |
| W. R. Berkley Corporation                    | 084423102 | 06/11/2025     | Non-binding advisory vote on a resolution approving the compensation of the Company's named executive officers pursuant to the compensation disclosure rules of the Securities and Exchange Commission, or "say-on-pay" vote. | SECTION 14A SAY-ON-PAY VOTES | 936619           |                0 | FOR         |                         936619           | FOR                         |  |
| Fidelity National Information Services, Inc. | 31620M106 | 06/12/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |      1.29622e+06 |                0 | FOR         |                              1.29622e+06 | FOR                         |  |
| Monolithic Power Systems, Inc.               | 609839105 | 06/12/2025     | Approve, on an advisory basis, the 2024 executive compensation.                                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES |  28256           |                0 | FOR         |                          28256           | FOR                         |  |
| Natera, Inc.                                 | 632307104 | 06/12/2025     | To approve, on an advisory (non-binding) basis, the compensation of Natera, Inc.'s named executive officers as disclosed in the proxy statement.                                                                              | SECTION 14A SAY-ON-PAY VOTES |  70833           |                0 | FOR         |                          70833           | FOR                         |  |
| AppFolio, Inc.                               | 03783C100 | 06/13/2025     | Advisory vote to approve the compensation of our named executive officers.                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |   5425           |                0 | FOR         |                           5425           | FOR                         |  |
| AppFolio, Inc.                               | 03783C100 | 06/13/2025     | Advisory vote on the frequency of future stockholder advisory votes to approve the compensation of our named executive officers.                                                                                              | SECTION 14A SAY-ON-PAY VOTES |   5425           |                0 | ONE YEAR    |                           5425           | FOR                         |  |
| Block, Inc.                                  | 852234103 | 06/17/2025     | TO APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS.                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 315358           |                0 | FOR         |                         315358           | FOR                         |  |
| MercadoLibre, Inc.                           | 58733R102 | 06/17/2025     | To approve, on an advisory basis, the compensation of our named executive officers for fiscal year 2024.                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |  13126           |                0 | FOR         |                          13126           | FOR                         |  |
| Autodesk, Inc.                               | 052769106 | 06/18/2025     | Approve, on an advisory (non-binding) basis, the compensation of Autodesk, Inc's named executive officers.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 327780           |                0 | FOR         |                         327780           | FOR                         |  |
| Comcast Corporation                          | 20030N101 | 06/18/2025     | Advisory vote on executive compensation                                                                                                                                                                                       | SECTION 14A SAY-ON-PAY VOTES |      1.92552e+06 |                0 | FOR         |                              1.92552e+06 | FOR                         |  |
| DoorDash, Inc.                               | 25809K105 | 06/24/2025     | The approval, on an advisory basis, of the compensation of our named executive officers.                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |   4430           |                0 | AGAINST     |                           4430           | AGAINST                     |  |
| Mastercard Incorporated                      | 57636Q104 | 06/24/2025     | Advisory approval of Mastercard's executive compensation                                                                                                                                                                      | SECTION 14A SAY-ON-PAY VOTES |      1.98246e+06 |                0 | FOR         |                              1.98246e+06 | FOR                         |  |
| NVIDIA Corporation                           | 67066G104 | 06/25/2025     | Advisory approval of our executive compensation.                                                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES |      1.2638e+07  |                0 | FOR         |                              1.2638e+07  | FOR                         |  |
| Robinhood Markets, Inc.                      | 770700102 | 06/25/2025     | To approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES | 355915           |                0 | FOR         |                         355915           | FOR                         |  |
| CoStar Group, Inc.                           | 22160N109 | 06/26/2025     | Proposal to approve, on an advisory basis, the Company's executive compensation.                                                                                                                                              | SECTION 14A SAY-ON-PAY VOTES | 616275           |                0 | AGAINST     |                         616275           | AGAINST                     |  |

## N-PX: Signature Block

**Reporting Person:** Parnassus Investments, LLC

**By (Signature):** Marc C. Mahon

**By (Printed Signature):** Marc C. Mahon

**By (Title):** Chief Financial Officer

**Date:** 07/25/2025