# EDGAR Filing Document

**Accession Number:** 0000866256
**File Stem:** 0001003715-25-001037
**Filing Date:** 2025-10
**Character Count:** 15901
**Document Hash:** 082985cb99aab2b1e69be84d7954e786
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001003715-25-001037.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0001003715-25-001037

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PARNASSUS FUNDS II
- **CENTRAL INDEX KEY:** 0000866256

**ORGANIZATION NAME:**
- **EIN:** 946633178
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231
- **LEGAL ENTITY IDENTIFIER:** 25490076SJ8OS37PWC23

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06673
- **FILM NUMBER:** 251435800

**BUSINESS ADDRESS:**
- **STREET 1:** 1 MARKET ST STE 1600
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105-1467
- **BUSINESS PHONE:** 4157780200

**MAIL ADDRESS:**
- **STREET 1:** 1 MARKET ST STE 1600
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105-1467

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PARNASSUS INCOME FUNDS
- **DATE OF NAME CHANGE:** 20050304

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

## Series and Classes Contracts Data

### Parnassus Core Select ETF (Series ID: S000089216)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000255731 | Parnassus Core Select ETF | PRCS            |

## Nport-Ex

**Parnassus Core Select ETF** 

**Portfolio of Investments as of September 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
| <br>**Equities** | <br>**Shares** | $nan<br>**Market**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Value ($)**  |
| **Banks (3.2%)** |  |  |
| Bank of America Corp. | 37762 | 1948142 |
| **Capital Markets (6.3%)** |  |  |
| Intercontinental Exchange Inc. | 13261 | 2234213 |
| S&P Global Inc. | 3351 | 1630965 |
|  |  | 3865178 |
| **Chemicals (3.0%)** |  |  |
| Linde plc | 3873 | 1839675 |
| **Commercial Services & Supplies (4.8%)** |  |  |
| Waste Management Inc. | 13374 | 2953381 |
| **Diversified Financial Services (5.0%)** |  |  |
| Fiserv Inc.<sup>q</sup> | 7127 | 918884 |
| Mastercard Inc., Class A | 3786 | 2153515 |
|  |  | 3072399 |
| **Equity Real Estate Investment Trusts (2.7%)** |  |  |
| Realty Income Corp. | 27729 | 1685646 |
| **Health Care Equipment & Supplies (4.6%)** |  |  |
| Boston Scientific Corp.<sup>q</sup> | 17053 | 1664885 |
| Stryker Corp. | 3142 | 1161503 |
|  |  | 2826388 |
| **Insurance (1.9%)** |  |  |
| Brown & Brown Inc. | 12285 | 1152210 |
| **Interactive Media & Services (7.7%)** |  |  |
| Alphabet Inc., Class A | 19662 | 4779832 |
| **Life Sciences Tools & Services (5.8%)** |  |  |
| Danaher Corp. | 17989 | 3566499 |
| **Machinery (4.3%)** |  |  |
| Deere & Co. | 5873 | 2685488 |
| **Multiline Retail (7.3%)** |  |  |
| Amazon.com Inc.<sup>q</sup> | 20426 | 4484937 |
| **Pharmaceuticals (1.5%)** |  |  |
| Eli Lilly & Co. | 1239 | 945357 |
| **Semiconductors & Semiconductor Equipment (12.6%)** |  |  |
| Applied Materials Inc. | 15647 | 3203567 |
| NVIDIA Corp. | 24631 | 4595652 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7799219 |

---

------

---

| | | |
|:---|:---|:---|
| **Software (19.7%)** |  |  |
| Microsoft Corp. | 12416 | 6430867 |
| Salesforce Inc. | 8339 | 1976343 |
| ServiceNow Inc.<sup>q</sup> | 1251 | 1151270 |
| Synopsys Inc.<sup>q</sup> | 2883 | 1422443 |
| Workday Inc., Class A<sup>q</sup> | 5281 | 1271295 |
|  |  | 12252218 |
| **Specialty Retail (3.6%)** |  |  |
| AutoZone Inc.<sup>q</sup> | 519 | 2226635 |
| **Technology Hardware, Storage & Peripherals (3.2%)** |  |  |
| Apple Inc. | 7683 | 1956322 |
| **Trading Companies & Distributors (2.1%)** |  |  |
| Ferguson Enterprises Inc. | 5900 | 1325022 |
| **Total investment in equities (99.3%)** | **Total investment in equities (99.3%)** | **Total investment in equities (99.3%)** |
| (cost $56,212,588) |  | **61364548** |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Short-Term Securities** | **Interest Rate** | **Maturity Date** | **Principal**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Amount ($)**  | **Market**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Value ($)**  |
|  **Time Deposits (0.7%)** | **Time Deposits (0.7%)** | **Time Deposits (0.7%)** |  |  |
|  ANZ, London | 3.44% | 10/01/2025 | 417889 | 417889 |
|  **Total short-term securities (0.7%)** |  |  |  |  |
|  (cost $417,889) |  |  |  | **417889** |
|  **Total securities (100.0%)** |  |  |  |  |
|  (cost $56,630,477) |  |  |  | **61782437** |
|  Other assets and liabilities (0.0%) |  |  |  | (3773) |
|  **Total net assets (100.0%)** |  |  |  | **61778664** |

---

------

q This security is non-income producing.

------

---

| | |
|:---|:---|
| ***plc*** | Public Limited Company |

---

## 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 II

- **b. Investment Company Act file number:** 811-06673

- **c. CIK number of Registrant:** 0000866256

- **d. LEI of Registrant:** 25490076SJ8OS37PWC23

- **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 Core Select ETF

- **b. EDGAR series identifier (if any):** S000089216

- **c. LEI of Series:** 529900L2BV3EZL5A3694

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $61808447.88

**Total Liabilities:** $29823.29

**Net Assets:** $61778624.59

**Cash Not Reported:** $411752.96

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255731 | 2.12%                | 0.18%                | 0.65%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $1098413.38                                |
| Month 2  | $0.00                    | $98881.89                                  |
| Month 3  | $-107685.67              | $480107.14                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WASTE MANAGEMENT INC         | WASTE MANAGEMENT INC 0.00000000         | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     13374 | NS      | $2953380.42   | 4.78%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOPSYS INC                 | SYNOPSYS INC 0.00000000                 | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      2883 | NS      | $1422443.37   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P GLOBAL INC               | S&P GLOBAL INC 0.00000000               | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      3351 | NS      | $1630965.21   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN & BROWN INC            | BROWN & BROWN INC 0.00000000            | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |     12285 | NS      | $1152210.15   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                    | APPLE INC 0.00000000                    | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      7683 | NS      | $1956322.29   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC               | AMAZON.COM INC 0.00000000               | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     20426 | NS      | $4484936.82   | 7.26%             |  |  |  | No            |                  1 | On Loan: No      |
| STRYKER CORP                 | STRYKER CORP 0.00000000                 | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      3142 | NS      | $1161503.14   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP               | MICROSOFT CORP 0.00000000               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     12416 | NS      | $6430867.20   | 10.41%            |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW INC               | SERVICENOW INC 0.00000000               | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      1251 | NS      | $1151270.28   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| FERGUSON ENTERPRISES INC     | FERGUSON ENTERPRISES INC 0.00000000     | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |      5900 | NS      | $1325022.00   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOZONE INC                 | AUTOZONE INC 0.00000000                 | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       519 | NS      | $2226634.56   | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| DEERE AND CO                 | DEERE AND CO 0.00000000                 | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      5873 | NS      | $2685487.98   | 4.35%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PLC                    | LINDE PLC 0.00000000                    | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |      3873 | NS      | $1839675.00   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| BOSTON SCIENTIFIC CORP       | BOSTON SCIENTIFIC CORP 0.00000000       | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     17053 | NS      | $1664884.39   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| FISERV INC                   | FISERV INC 0.00000000                   | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      7127 | NS      | $918884.11    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY & CO               | ELI LILLY & CO 0.00000000               | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      1239 | NS      | $945357.00    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE IN | INTERCONTINENTAL EXCHANGE IN 0.00000000 | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     13261 | NS      | $2234213.28   | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| SALESFORCE INC               | SALESFORCE INC 0.00000000               | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      8339 | NS      | $1976343.00   | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| REALTY INCOME CORP           | REALTY INCOME CORP 0.00000000           | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | RE               | CORP              | US        |     27729 | NS      | $1685645.91   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORP                 | DANAHER CORP 0.00000000                 | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     17989 | NS      | $3566499.14   | 5.77%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATERIALS INC        | APPLIED MATERIALS INC 0.00000000        | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     15647 | NS      | $3203566.78   | 5.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                  | NVIDIA CORP 0.00000000                  | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     24631 | NS      | $4595651.98   | 7.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC - A           | MASTERCARD INC - A 0.00000000           | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      3786 | NS      | $2153514.66   | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP         | BANK OF AMERICA CORP 0.00000000         | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     37762 | NS      | $1948141.58   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| WORKDAY INC-CLASS A          | WORKDAY INC-CLASS A 0.00000000          | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      5281 | NS      | $1271295.13   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC-CL A            | ALPHABET INC-CL A 0.00000000            | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     19662 | NS      | $4779832.20   | 7.74%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Parnassus Funds II

**Signature:** Marc C. Mahon

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

**Title:** Principal Financial Officer