# EDGAR Filing Document

**Accession Number:** 0000747546
**File Stem:** 0001145549-23-007273
**Filing Date:** 2023-2
**Character Count:** 21627
**Document Hash:** d59a3b2f4898a32ac131e97f9e238d85
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-007273.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001145549-23-007273

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230221

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PARNASSUS FUNDS
- **CENTRAL INDEX KEY:** 0000747546
- **IRS NUMBER:** 946579180
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04044
- **FILM NUMBER:** 23648017

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PARNASSUS FUND
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RENAISSANCE FUND/MA
- **DATE OF NAME CHANGE:** 19841206

## Series and Classes Contracts Data

### Parnassus Value Equity Fund (Series ID: S000000855)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000002470 | Investor Shares      | PARWX           |
| C000156024 | Institutional Shares | PFPWX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Parnassus Funds

- **b. Investment Company Act file number:** 811-04044

- **c. CIK number of Registrant:** 0000747546

- **d. LEI of Registrant:** 254900NG8E5H7DEOIQ09

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1 Market Street

  - **City:** San Francisco

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

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

**Item A.2. Information about the Series.**

- **a. Name of Series:** Parnassus Value Equity Fund

- **b. EDGAR series identifier (if any):** S000000855

- **c. LEI of Series:** 549300GMR0CLAVK20E33

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $4614036211.94

**Total Liabilities:** $7762115.13

**Net Assets:** $4606274096.81

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000002470 | 0.11%                | 0.07%                | -0.05%               |
| Class ID C000156024 | 0.12%                | 0.07%                | -0.05%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-19798050.38            | $486083343.65                              |
| Month 2  | $1544261.32              | $310375422.66                              |
| Month 3  | $7828514.10              | $-238059199.76                             |

### Schedule of Portfolio Investments

| Name                                    | Title                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| W.W. Grainger Inc.                      | W.W. Grainger Inc.                      | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |    115186 | NS      | $64072212.50  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc.             | Vertex Pharmaceuticals Inc.             | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |    239912 | NS      | $69281787.36  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.             | Verizon Communications Inc.             | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |   3521415 | NS      | $138743751.00 | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc.               | Simon Property Group Inc.               | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |    913815 | NS      | $107354986.20 | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture plc, Class A                  | Accenture plc, Class A                  | CUSIP: G1151C101<br>LEI: 549300JY6CF6DO4YFQ03 | Long             | EC               | CORP              | IE        |    346720 | NS      | $92518764.80  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc.                    | Global Payments Inc.                    | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |   1128745 | NS      | $112106953.40 | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc.                   | Align Technology Inc.                   | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |    367474 | NS      | $77500266.60  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc., Class A                  | Alphabet Inc., Class A                  | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    800000 | NS      | $70584000.00  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd.                             | Amdocs Ltd.                             | CUSIP: G02602103<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | US        |   1048646 | NS      | $95321921.40  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co.                    | American Express Co.                    | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |    642639 | NS      | $94949912.25  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                              | Apple Inc.                              | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    468300 | NS      | $60846219.00  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.                  | Applied Materials Inc.                  | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |    222448 | NS      | $21661986.24  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| BBH Cash Mgmt Sweep                     | BBH Cash Mgmt Sweep                     | CUSIP: 11BBHCMS1<br>LEI: N/A                  | Short            | STIV             |  | US        |  60595446 | PA      | $60595445.76  | 1.32%             | 2023-01-03      | Fixed         | 3.69%                 | No            |                  1 | On Loan: No      |
| Ball Corp.                              | Ball Corp.                              | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |   1794980 | NS      | $91795277.20  | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                    | Gilead Sciences Inc.                    | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |   1738122 | NS      | $149217773.70 | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| International Flavors & Fragrances Inc. | International Flavors & Fragrances Inc. | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |    482811 | NS      | $50617905.24  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| The Progressive Corp.                   | The Progressive Corp.                   | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |    911671 | NS      | $118252845.41 | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp.                            | Target Corp.                            | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |    630045 | NS      | $93901906.80  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corp.       | The Bank of New York Mellon Corp.       | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |   2444145 | NS      | $111257480.40 | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corp.                | The Charles Schwab Corp.                | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |   2360908 | NS      | $196569200.08 | 4.27%             |  |  |  | No            |                  1 | On Loan: No      |
| The Gap Inc.                            | The Gap Inc.                            | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |   4729419 | NS      | $53347846.32  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp.                     | Union Pacific Corp.                     | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |    436475 | NS      | $90380878.25  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp.                             | FedEx Corp.                             | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |    551180 | NS      | $95464376.00  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc.               | Agilent Technologies Inc.               | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |    796434 | NS      | $119186348.10 | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                   | Bank of America Corp.                   | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   3000000 | NS      | $99360000.00  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp.                   | Western Digital Corp.                   | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |   2400464 | NS      | $75734639.20  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp.                             | Sysco Corp.                             | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |   1975976 | NS      | $151063365.20 | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| VF Corp.                                | VF Corp.                                | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | EC               | CORP              | US        |   2124793 | NS      | $58665534.73  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Signature Bank                          | Signature Bank                          | CUSIP: 82669G104<br>LEI: VLP5AP0XK2GM6GKD1007 | Long             | EC               | CORP              | US        |    584113 | NS      | $67301499.86  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Moderna Inc.                            | Moderna Inc.                            | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |    644208 | NS      | $115712640.96 | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc., Class A                | Mastercard Inc., Class A                | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |    300000 | NS      | $104319000.00 | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Self-Help Federal Credit Union          | Self-Help Federal Credit Union          | CUSIP: 11SHFPE23<br>LEI: N/A                  | Short            | STIV             |  | US        |    250000 | PA      | $248493.15    | 0.01%             | 2023-02-25      | Fixed         | 0.40%                 | No            |                  3 | On Loan: No      |
| Micron Technology Inc.                  | Micron Technology Inc.                  | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |   1549823 | NS      | $77460153.54  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                         | Microsoft Corp.                         | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    369967 | NS      | $88725485.94  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                       | Merck & Co., Inc.                       | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |   1931707 | NS      | $214322891.65 | 4.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                            | Oracle Corp.                            | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |   1358062 | NS      | $111007987.88 | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Root Capital Inc.                       | Root Capital Inc.                       | CUSIP: 1RCLPRW23<br>LEI: N/A                  | Short            | STIV             |  | US        |    100000 | PA      | $99490.41     | 0.00%             | 2023-02-01      | Fixed         | 1.00%                 | No            |                  3 | On Loan: No      |
| S&P Global Inc.                         | S&P Global Inc.                         | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |    331514 | NS      | $111037299.16 | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores, Inc.                       | Ross Stores, Inc.                       | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |    979200 | NS      | $113655744.00 | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc.                            | Paychex Inc.                            | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |    555898 | NS      | $64239572.88  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| BioMarin Pharmaceutical Inc.            | BioMarin Pharmaceutical Inc.            | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |    832295 | NS      | $86134209.55  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.             | Capital One Financial Corp.             | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |    700000 | NS      | $65072000.00  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Trust Bank                     | Citizens Trust Bank                     | CUSIP: 11CBTEF23<br>LEI: N/A                  | Short            | STIV             |  | US        |    250000 | PA      | $242383.56    | 0.01%             | 2023-10-06      | Fixed         | 0.05%                 | No            |                  3 | On Loan: No      |
| CDARS Beneficial State Bank 03/16/23    | CDARS Beneficial State Bank 03/16/23    | CUSIP: 1CDARPE23<br>LEI: N/A                  | Short            | STIV             |  | US        |    500000 | PA      | $495794.28    | 0.01%             | 2023-03-16      | Fixed         | 0.73%                 | No            |                  3 | On Loan: No      |
| Cisco Systems Inc.                      | Cisco Systems Inc.                      | CUSIP: 17275R102<br>LEI: 8E6NF1YAL0WT6CWXXV93 | Long             | EC               | CORP              | US        |   2517772 | NS      | $119946658.08 | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                          | Citigroup Inc.                          | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |   1502553 | NS      | $67960472.19  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co.                             | Deere & Co.                             | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |    287730 | NS      | $123367114.80 | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp., Class A                  | Comcast Corp., Class A                  | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |   3428863 | NS      | $119907339.11 | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Vision Capital & Consulting   | Community Vision Capital & Consulting   | CUSIP: 111CVEF23<br>LEI: N/A                  | Short            | STIV             |  | US        |    250000 | PA      | $246342.47    | 0.01%             | 2023-03-31      | Fixed         | 0.50%                 | No            |                  3 | On Loan: No      |
| Cummins Inc.                            | Cummins Inc.                            | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |    455464 | NS      | $110354372.56 | 2.40%             |  |  |  | No            |                  1 | On Loan: —       |
| D.R. Horton Inc.                        | D.R. Horton Inc.                        | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |   1522562 | NS      | $135721176.68 | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc.                             | Biogen Inc.                             | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |    305808 | NS      | $84684351.36  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-01-27

**Name of Applicant:** Parnassus Funds

**Signature:** Marc C. Mahon

**Name of Signer:** Marc C. Mahon

**Title:** Principal Financial Officer