# EDGAR Filing Document

**Accession Number:** 0000747546
**File Stem:** 0001003715-25-001038
**Filing Date:** 2025-10
**Character Count:** 25571
**Document Hash:** 4ccbe4d1dd4cc96e0088dca7adb2008e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001003715-25-001038.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0001003715-25-001038

**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
- **CENTRAL INDEX KEY:** 0000747546

**ORGANIZATION NAME:**
- **EIN:** 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:** 251435802

**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           |

## Nport-Ex

**Parnassus Value Equity Fund** 

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

---

| | | |
|:---|:---|:---|
| <br>**Equities** | <br>**Shares** | $nan<br>**Market**<br> **Value ($)** |
| **Air Freight & Logistics (1.5%)** |  |  |
| FedEx Corp. | 307542 | 72521479 |
| **Banks (9.3%)** |  |  |
| Bank of America Corp. | 3259994 | 168183090 |
| Citigroup Inc. | 1034942 | 105046613 |
| JPMorgan Chase & Co. | 522473 | 164803658 |
|  |  | 438033361 |
| **Biotechnology (1.2%)** |  |  |
| Regeneron Pharmaceuticals Inc. | 101023 | 56802202 |
| **Capital Markets (11.3%)** |  |  |
| CME Group Inc., Class A | 346744 | 93686761 |
| S&P Global Inc. | 324794 | 158080488 |
| The Bank of New York Mellon Corp. | 1458959 | 158968173 |
| The Charles Schwab Corp. | 1352068 | 129081932 |
|  |  | 539817354 |
| **Chemicals (1.8%)** |  |  |
| Linde plc | 174321 | 82802475 |
| **Containers & Packaging (2.0%)** |  |  |
| Ball Corp. | 1877906 | 94684021 |
| **Diversified Financial Services (5.0%)** |  |  |
| Mastercard Inc., Class A | 256846 | 146096573 |
| Visa Inc., Class A | 264139 | 90171772 |
|  |  | 236268345 |
| **Diversified Telecommunication Services (2.8%)** |  |  |
| Verizon Communications Inc. | 3032515 | 133279034 |
| **Equity Real Estate Investment Trusts (3.7%)** |  |  |
| CBRE Group Inc., Class A<sup>q</sup> | 1109942 | 174882462 |
| **Food & Staples Retailing (4.3%)** |  |  |
| Sysco Corp. | 1592329 | 131112370 |
| Walmart Inc. | 705359 | 72694299 |
|  |  | 203806669 |
| **Health Care Equipment & Supplies (3.0%)** |  |  |
| Abbott Laboratories | 524454 | 70245369 |
| Stryker Corp. | 189056 | 69888332 |
|  |  | 140133701 |
| **Health Care Providers & Services (3.5%)** |  |  |
| The Cigna Group | 327143 | &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;94298970 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| | | |
|:---|:---|:---|
|  |  | $— |
| UnitedHealth Group Inc. | 208133 | 71868325 |
|  |  | 166167295 |
| **Independent Power & Renewable Electricity Producers (2.3%)** |  |  |
| Brookfield Renewable Corp. | 3187401 | 109710342 |
| **Insurance (4.9%)** |  |  |
| The Progressive Corp. | 447075 | 110405171 |
| Willis Towers Watson plc | 350534 | 121091970 |
|  |  | 231497141 |
| **Interactive Media & Services (3.6%)** |  |  |
| Alphabet Inc., Class A | 704869 | 171353654 |
| **Life Sciences Tools & Services (5.4%)** |  |  |
| Bio-Rad Laboratories Inc., Class A<sup>q</sup> | 314398 | 88154055 |
| Danaher Corp. | 392042 | 77726247 |
| Thermo Fisher Scientific Inc. | 189206 | 91768694 |
|  |  | 257648996 |
| **Machinery (5.9%)** |  |  |
| Cummins Inc. | 290736 | 122798164 |
| Deere & Co. | 337094 | 154139602 |
|  |  | 276937766 |
| **Media (1.4%)** |  |  |
| Comcast Corp., Class A | 2038705 | 64056111 |
| **Multiline Retail (2.5%)** |  |  |
| Amazon.com Inc.<sup>q</sup> | 543121 | 119253078 |
| **Pharmaceuticals (3.3%)** |  |  |
| AstraZeneca plc, ADR | 1284591 | 98553822 |
| Novo Nordisk, ADR | 1009120 | 55996069 |
|  |  | 154549891 |
| **Road & Rail (2.4%)** |  |  |
| Union Pacific Corp. | 486559 | 115007951 |
| **Semiconductors & Semiconductor Equipment (9.5%)** |  |  |
| Advanced Micro Devices Inc.<sup>q</sup> | 437806 | 70832633 |
| Applied Materials Inc. | 427505 | 87527374 |
| Broadcom Inc. | 208280 | 68713655 |
| Intel Corp.<sup>q</sup> | 1645123 | 55193877 |
| Micron Technology Inc. | 357017 | 59736084 |
| Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 380891 | 106379047 |
|  |  | 448382670 |
| **Software (5.4%)** |  |  |
| Microsoft Corp. | 239470 | 124033486 |
| NICE Ltd., ADR<sup>q</sup> | 467090 | 67625290 |
| Oracle Corp. | 219017 | 61596341 |
|  |  | &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;253255117 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| | | |
|:---|:---|:---|
| **Specialty Retail (2.2%)** |  |  |
| The Home Depot Inc. | 255522 | 103534959 |
| **Technology Hardware, Storage & Peripherals (1.3%)** |  |  |
| Western Digital Corp. | 510627 | 61305878 |
| **Total investment in equities (99.5%)** | **Total investment in equities (99.5%)** | **Total investment in equities (99.5%)** |
| (cost $3,607,053,215) |  | **4705691952** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Short-Term Securities** | <br>**Interest Rate** | <br>**Maturity Date** | $nan<br>**Principal**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Amount ($)**  | $nan<br>**Market**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Value ($)**  |
|  **Time Deposits (0.5%)** | **Time Deposits (0.5%)** | **Time Deposits (0.5%)** |  |  |
|  Citibank, New York | 3.44% | 10/01/2025 | 26534650 | 26534650 |
|  **Total short-term securities (0.5%)** |  |  |  |  |
|  (cost $26,534,650) |  |  |  | **26534650** |
|  **Total securities (100.0%)** |  |  |  |  |
|  (cost $3,633,587,865) |  |  |  | **4732226602** |
|  Other assets and liabilities (0.0%) |  |  |  | (1431646) |
|  **Total net assets (100.0%)** |  |  |  | **4730794956** |

---

------

q This security is non-income producing.

------

---

| | |
|:---|:---|
| ***plc*** | Public Limited Company |
| ***ADR*** | American Depositary Receipt |

---

## 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:** 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:** $4738635452.84

**Total Liabilities:** $6823134.07

**Net Assets:** $4731812318.77

**Cash Not Reported:** $27560515.99

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000002470 | 2.68%                | 2.01%                | 2.58%                |
| Class ID C000156024 | 2.69%                | 2.04%                | 2.60%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $90006540.89             | $29291970.48                               |
| Month 2  | $93504526.79             | $-3859906.82                               |
| Month 3  | $58650590.16             | $58885707.22                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| THERMO FISHER SCIENTIFIC INC | THERMO FISHER SCIENTIFIC INC 0.00000000                              | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |    189206 | NS      | $91768694.12  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P GLOBAL INC               | S&P GLOBAL INC 0.00000000                                            | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |    324794 | NS      | $158080487.74 | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVO-NORDISK A/S-SPONS ADR   | NOVO-NORDISK A/S-SPONS ADR 0.00000000                                | CUSIP: 670100205<br>LEI: N/A                  | Long             | EC               | CORP              | DK        |   1009120 | NS      | $55996068.80  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCED MICRO DEVICES       | ADVANCED MICRO DEVICES 0.00000000                                    | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |    437806 | NS      | $70832632.74  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC               | AMAZON.COM INC 0.00000000                                            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    543121 | NS      | $119253077.97 | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| STRYKER CORP                 | STRYKER CORP 0.00000000                                              | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |    189056 | NS      | $69888331.52  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP               | MICROSOFT CORP 0.00000000                                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    239470 | NS      | $124033486.50 | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESSIVE CORP             | PROGRESSIVE CORP 0.00000000                                          | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |    447075 | NS      | $110405171.25 | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC-CLASS A SHARES      | VISA INC-CLASS A SHARES 0.00000000                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    264139 | NS      | $90171771.82  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| CIGNA CORP                   | CIGNA CORP 0.00000000                                                | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |    327143 | NS      | $94298969.75  | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENERON PHARMACEUTICALS    | REGENERON PHARMACEUTICALS 0.00000000                                 | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |    101023 | NS      | $56802202.21  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE GROUP INC - A           | CBRE GROUP INC - A 0.00000000                                        | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |   1109942 | NS      | $174882461.52 | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHWAB (CHARLES) CORP        | SCHWAB (CHARLES) CORP 0.00000000                                     | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |   1352068 | NS      | $129081931.96 | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC                | CME GROUP INC 0.00000000                                             | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |    346744 | NS      | $93686761.36  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| DEERE AND CO                 | DEERE AND CO 0.00000000                                              | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |    337094 | NS      | $154139602.44 | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF NEW YORK MELLON CORP | BANK OF NEW YORK MELLON CORP 0.00000000                              | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |   1458959 | NS      | $158968172.64 | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN DIGITAL CORP         | WESTERN DIGITAL CORP 0.00000000                                      | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |    510627 | NS      | $61305877.62  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                  | ORACLE CORP 0.00000000                                               | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    219017 | NS      | $61596341.08  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BALL CORP                    | BALL CORP 0.00000000                                                 | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |   1877906 | NS      | $94684020.52  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INTEL CORP                   | INTEL CORP 0.00000000                                                | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |   1645123 | NS      | $55193876.65  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION PACIFIC CORP           | UNION PACIFIC CORP 0.00000000                                        | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |    486559 | NS      | $115007950.83 | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC               | HOME DEPOT INC 0.00000000                                            | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |    255522 | NS      | $103534959.18 | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CUMMINS INC                  | CUMMINS INC 0.00000000                                               | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |    290736 | NS      | $122798164.32 | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC                  | WALMART INC 0.00000000                                               | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    705359 | NS      | $72694298.54  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PLC                    | LINDE PLC 0.00000000                                                 | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |    174321 | NS      | $82802475.00  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC-SPONS ADR    | ASTRAZENECA PLC-SPONS ADR 0.00000000                                 | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |   1284591 | NS      | $98553821.52  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBOTT LABORATORIES          | ABBOTT LABORATORIES 0.00000000                                       | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |    524454 | NS      | $70245368.76  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD RENEWABLE CORP    | BROOKFIELD RENEWABLE CORP 0.00000000                                 | CUSIP: 11285B108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   3187401 | NS      | $109710342.42 | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| NICE LTD - SPON ADR          | NICE LTD - SPON ADR 0.00000000                                       | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |    467090 | NS      | $67625290.20  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                | CITIGROUP INC 0.00000000                                             | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |   1034942 | NS      | $105046613.00 | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP-CLASS A         | COMCAST CORP-CLASS A 0.00000000                                      | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |   2038705 | NS      | $64056111.10  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS INC   | VERIZON COMMUNICATIONS INC 0.00000000                                | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |   3032515 | NS      | $133279034.25 | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR-SP ADR  | TAIWAN SEMICONDUCTOR SPONSORED ADR /1 ADR REPS 5 ORD SHS/ 0.00000000 | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    380891 | NS      | $106379047.39 | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORP                 | DANAHER CORP 0.00000000                                              | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |    392042 | NS      | $77726246.92  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIS TOWERS WATSON PLC     | WILLIS TOWERS WATSON PLC 0.00000000                                  | CUSIP: G96629103<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |    350534 | NS      | $121091970.30 | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDEX CORP                   | FEDEX CORP 0.00000000                                                | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |    307542 | NS      | $72521479.02  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| MICRON TECHNOLOGY INC        | MICRON TECHNOLOGY INC 0.00000000                                     | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |    357017 | NS      | $59736084.44  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATERIALS INC        | APPLIED MATERIALS INC 0.00000000                                     | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |    427505 | NS      | $87527373.70  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO          | JPMORGAN CHASE & CO 0.00000000                                       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    522473 | NS      | $164803658.39 | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC - A           | MASTERCARD INC - A 0.00000000                                        | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |    256846 | NS      | $146096573.26 | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SYSCO CORP                   | SYSCO CORP 0.00000000                                                | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |   1592329 | NS      | $131112369.86 | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP         | BANK OF AMERICA CORP 0.00000000                                      | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   3259994 | NS      | $168183090.46 | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC       | UNITEDHEALTH GROUP INC 0.00000000                                    | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |    208133 | NS      | $71868324.90  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                 | BROADCOM INC 0.00000000                                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    208280 | NS      | $68713654.80  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BIO-RAD LABORATORIES-A       | BIO-RAD LABORATORIES-A 0.00000000                                    | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |    314398 | NS      | $88154055.22  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC-CL A            | ALPHABET INC-CL A 0.00000000                                         | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    704869 | NS      | $171353653.90 | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Parnassus Funds

**Signature:** Marc C. Mahon

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

**Title:** Principal Financial Officer