0001145549-19-048973.txt : 20191127 0001145549-19-048973.hdr.sgml : 20191127 20191127142000 ACCESSION NUMBER: 0001145549-19-048973 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190930 FILED AS OF DATE: 20191127 PERIOD START: 20191231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PARNASSUS INCOME FUNDS CENTRAL INDEX KEY: 0000866256 IRS NUMBER: 946633178 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-06673 FILM NUMBER: 191256632 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 INCOME FUND DATE OF NAME CHANGE: 19920703 0000866256 S000000856 Parnassus Core Equity Fund C000002471 Investor Shares PRBLX C000102327 Institutional Shares PRILX NPORT-P 1 primary_doc.xml NPORT-P false 0000866256 XXXXXXXX S000000856 C000102327 C000002471 Parnassus Income Funds 811-06673 0000866256 25490076SJ8OS37PWC23 1 Market Street Suite 1600 San Francisco 94105 415-778-0200 Parnassus Core Equity Fund S000000856 2549006DFEPKUNK4Z657 2019-12-31 2019-09-30 N 17600692378.970000000000 39321217.470000000000 17561371161.500000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 USD N Alphabet Inc., CL A 5493006MHB84DD0ZWV18 Alphabet Inc., Class A 02079K305 145887067.55 NS USD 378310393.14 2.1542189938 Long EC CORP US N 1 N N N American Express Co. R4PP93JZOLY261QX3811 American Express Co. 025816109 476406929.88 NS USD 582242998.96 3.3154757314 Long EC CORP US N 1 N N N Apple Inc. HWUPKR0MPOU8FGXBT394 Apple Inc. 037833100 187024530.44 NS USD 400229462.66 2.2790331061 Long EC CORP US N 1 N N N Avalonbay Communities Inc. K9G90K85RBWD2LAGQX17 Avalonbay Communities Inc. 053484101 163716592.31 NS USD 173891894.8 0.9901954306 Long EC CORP US N 1 N N N Bank of America Corp 9DJT3UXIJIZJI4WXO774 Bank of America Corp 060505104 433271498.9 NS USD 468851247.71 2.6697872472 Long EC CORP US N 1 N N N BBH Cash Mgmt Sweep N/A BBH Cash Mgmt Sweep 11BBHCMS1 382595428.37 PA USD 382595428.37 2.1786193393 Short STIV US N 1 2019-10-01 Fixed 1.54 N N N N N N BlueHub LOAN - EIF N/A BlueHub LOAN - EIF 1BOST0053 100000 PA USD 96770.17 0.0005510399 Short STIV US N 3 N N N Cadence Design Inc. GCT7RXJOGLXPV0NXZY22 Cadence Design Inc. 127387108 274963573.53 NS USD 413088811.52 2.3522583044 Long EC CORP US N 1 N N N CDARS matu 03/12/20 N/A CDARS matu 03/12/20 1CDARPC20 2000000 PA USD 1964175.78 0.0111846379 Short STIV US N 3 N N N Cerner Corp. 549300L4UJ40IEVVI304 Cerner Corp. 156782104 408855587.08 NS USD 489020903.5 2.7846396446 Long EC CORP US N 1 N N N Charles Schwab Corp. 549300VSGCJ7E698NM85 Charles Schwab Corp. 808513105 191388494.68 NS USD 233039447.64 1.3270002980 Long EC CORP US N 1 N N N Cisco Systems, Inc. 8E6NF1YAL0WT6CWXXV93 Cisco Systems, Inc. 17275R102 359307928.11 NS USD 367811004.6 2.0944321558 Long EC CORP US N 1 N N N CME Group Inc. KJNXBSWZVIKEX4NFOL81 CME Group Inc. 12572Q105 423922722.54 NS USD 514121111.82 2.9275681670 Long EC CORP US N 1 N N N Costco Wholesale Corp. 29DX7H14B9S6O3FD6V18 Costco Wholesale Corp. 22160K105 497536548.86 NS USD 579358382.23 3.2990498117 Long EC CORP US N 1 N N N CVS Health Corp. 549300EJG376EN5NQE29 CVS Health Corp. 126650100 509123484.08 NS USD 445512793.81 2.5368907115 Long EC CORP US N 1 N N N Danaher Corp. S4BKK9OTCEWQ3YHPFM11 Danaher Corp. 235851102 327515010.04 NS USD 619000116.02 3.5247823779 Long EC CORP US N 1 N N N Deere & Co. PWFTNG3EI0Y73OXWDH08 Deere & Co. 244199105 349890236.25 NS USD 358491893.04 2.0413661880 Long EC CORP US N 1 N N N Digital Realty Trust 549300HKCZ31D08NEI41 Digital Realty Trust 253868103 268852673.08 NS USD 316264800.27 1.8009117703 Long EC CORP US N 1 N N N FedEx Corp. 549300E707U7WNPZN687 FedEx Corp. 31428X106 665239728.79 NS USD 514691557.86 2.9308164672 Long EC CORP US N 1 N N N Gilead Sciences Inc. 549300WTZWR07K8MNV44 Gilead Sciences Inc. 375558103 469994518.3 NS USD 429598703.34 2.4462708486 Long EC CORP US N 1 N N N Hologic Inc. 549300DYP6F5ZJL0LB74 Hologic Inc. 436440101 327600783.32 NS USD 444969733.23 2.5337983529 Long EC CORP US N 1 N N N Iron Mountain Inc. SQL3F6CKNNBM3SQGHX24 Iron Mountain Inc. 46284V101 166516637.93 NS USD 171896224.03 0.9788314503 Long EC CORP US N 1 N N N Linde PLC N/A Linde PLC G5494J103 322608561.42 NS USD 534118972.4 3.0414423082 Long EC CORP US N 1 N N N Mastercard Inc. CL A AR5L2ODV9HN37376R084 Mastercard Inc. CL A 57636Q104 64885764.16 NS USD 617624861.75 3.5169512453 Long EC CORP US N 1 N N N Microsoft Corp. INR2EJN1ERAN0W5ZP974 Microsoft Corp. 594918104 886846921.61 NS USD 1078774922.88 6.1428855011 Long EC CORP US N 1 N N N MicroVest Plus, LP N/A MicroVest Plus, LP 1MVPLEQ20 7500000 PA USD 7407786.94 0.0421822811 Short STIV US N 3 N N N Mondelez Int'l Inc. 549300DV9GIB88LZ5P30 Mondelez Int'l Inc. 609207105 336315400.82 NS USD 355752575.16 2.0257676459 Long EC CORP US N 1 N N N Motorola Solutions 6S552MUG6KGJVEBSEC55 Motorola Solutions 620076307 157992320.06 NS USD 429333339.74 2.4447597844 Long EC CORP US N 1 N N N New Hampshire Community Loan Fund N/A New Hampshire Community Loan Fund 11NHCLF20 500000 PA USD 475013.68 0.0027048781 Short STIV US N 3 N N N NVIDIA Corp. 549300S4KLFTLO7GSQ80 NVIDIA Corp. 67066G104 290475743.12 NS USD 333928228.92 1.9014929179 Long EC CORP IE N 1 N N N Pentair plc 549300EVR9D56WPSRP15 Pentair plc G7S00T104 272111153.38 NS USD 251954274.6 1.4347073032 Long EC CORP US N 1 N N N PPG Industries Inc. 549300BKPEP01R3V6C59 PPG Industries Inc. 693506107 386230133.98 NS USD 423334785.44 2.4106021195 Long EC CORP US N 1 N N N Procter and Gamble Co. 2572IBTT8CCZW6AU4141 Procter and Gamble Co. 742718109 312395561.81 NS USD 490144017.24 2.7910350094 Long EC CORP US N 1 N N N Providence Bank & Trust N/A Providence Bank & Trust 11URBCE19 250000 PA USD 240191.25 0.0013677249 Short STIV US N 3 N N N Public Storage 549300LMZF40TKJ6DM64 Public Storage 74460D109 152404555.47 NS USD 174958939.64 0.9962715213 Long EC CORP US N 1 N N N ROOT CPTL LOAN - EIF N/A ROOT CPTL LOAN - EIF 11RCEIF20 200000 PA USD 195923.71 0.0011156516 Short STIV US N 3 N N N Self-Help Federal Credit Union N/A Self-Help Federal Credit Union 1CTCU1019 250000 PA USD 249616.85 0.0014213973 Short STIV US N 3 N N N Starbucks Corp. OQSJ1DU9TAOC51A47K68 Starbucks Corp. 855244109 100011592.61 NS USD 160560463.28 0.9142820444 Long EC CORP US N 1 N N N Synopsys Inc. QG7T915N9S0NY5UKNE63 Synopsys Inc. 871607107 293772344.55 NS USD 427645746 2.4351500920 Long EC CORP US N 1 N N N Sysco Corp. 5RGWIFLMGH3YS7KWI652 Sysco Corp. 871829107 268188169.89 NS USD 511870123.8 2.9147503295 Long EC CORP US N 1 N N N The Clorox Company 54930044KVSC06Z79I06 The Clorox Company 189054109 478243376.69 NS USD 543625347.28 3.0955746125 Long EC CORP US N 1 N N N The Walt Disney Co. 7260JQNI6SCF9FIV2392 The Walt Disney Co. 254687106 621926910.27 NS USD 811050950.88 4.6183805548 Long EC CORP US N 1 N N N TMC Development Loan N/A TMC Development Loan 11TMCCE20 100000 PA USD 96114.51 0.0005473064 Short STIV US N 3 N N N Trimble Inc. 549300E2MI7NSZFQWS19 Trimble Inc. 896239100 242188661.38 NS USD 229095430 1.3045418145 Long EC CORP US N 1 N N N Verisk Analytics Inc 549300I1YSWNIRKBWP67 Verisk Analytics Inc 92345Y106 239380330.08 NS USD 559572222.54 3.1863811623 Long EC CORP US N 1 N N N VF Corp. CWAJJ9DJ5Z7P057HV541 VF Corp. 918204108 311767766.15 NS USD 497540242.32 2.8331514535 Long EC CORP US N 1 N N N Vermont Community Loan Fund N/A Vermont Community Loan Fund 1VCLF0420 100000 PA USD 96770.17 0.0005510399 Short STIV US N 3 N N N Waste Management Inc 549300YX8JIID70NFS41 Waste Management Inc 94106L109 153315316.21 NS USD 518832620 2.9543969843 Long EC CORP US N 1 N N N Xylem Inc. 549300DF5MV96DRYLQ48 Xylem Inc. 98419M100 144708392.06 NS USD 342583681.08 1.9507797992 Long EC CORP US N 1 N N N 2019-10-22 Parnassus Income Funds Marc C. Mahon Marc C. Mahon Principal Financial Officer XXXX NPORT-EX 2 prblx.htm HTML

PARNASSUS CORE EQUITY FUND

Portfolio of Investments as of September 30, 2019 (unaudited)

 

Equities    Shares      Market Value ($)  

Air Freight & Logistics (2.9%)

      

FedEx Corp.

      3,535,698        514,691,558  
     

 

 

  

Apparel & Luxury Goods (2.8%)

      

VF Corp.

      5,590,968        497,540,242  
     

 

 

  

Banks (2.7%)

      

Bank of America Corp.

      16,073,063        468,851,248  
     

 

 

  

Biotechnology (2.5%)

      

Gilead Sciences Inc.

      6,778,143        429,598,703  
     

 

 

  

Capital Markets (4.2%)

      

Charles Schwab Corp.

      5,571,108        233,039,448  

CME Group Inc.

      2,432,673        514,121,112  
     

 

 

  
        747,160,560  
     

 

 

  

Chemicals (5.4%)

      

Linde plc

      2,757,170        534,118,972  

PPG Industries Inc.

      3,572,144        423,334,785  
     

 

 

  
        957,453,757  
     

 

 

  

Commercial Services & Supplies (3.0%)

      

Waste Management Inc.

      4,511,588        518,832,620  
     

 

 

  

Communications Equipment (4.6%)

      

Cisco Systems Inc.

      7,444,060        367,811,005  

Motorola Solutions Inc.

      2,519,414        429,333,340  
     

 

 

  
        797,144,345  
     

 

 

  

Consumer Finance (3.3%)

      

American Express Co.

      4,922,582        582,242,999  
     

 

 

  

Electronic Equipment Communications (1.3%)

      

Trimble Inc. q

     5,903,000        229,095,430  
     

 

 

  

Equity Real Estate Investment Trusts (4.8%)

      

AvalonBay Communities Inc.

      807,560        173,891,895  

Digital Realty Trust Inc.

      2,436,367        316,264,800  

Iron Mountain Inc.

      5,307,077        171,896,224  

Public Storage

      713,332        174,958,940  
     

 

 

  
        837,011,859  
     

 

 

  

Food & Staples Retailing (6.2%)

      

Costco Wholesale Corp.

      2,010,893        579,358,382  

Sysco Corp.

      6,446,727        511,870,124  
     

 

 

  
        1,091,228,506  
     

 

 

  

Food Products (2.0%)

      

Mondelez International Inc., Class A

      6,430,813        355,752,575  
     

 

 

  

Health Care Equipment (6.0%)

      

Danaher Corp.

      4,285,814        619,000,116  

Hologic Inc. q

     8,813,027        444,969,733  
     

 

 

  
        1,063,969,849  
     

 

 

  

Health Care Providers & Services (2.5%)

      

CVS Health Corp.

      7,063,783        445,512,794  
     

 

 

  

Health Care Technology (2.8%)

      

Cerner Corp. q

     7,173,550        489,020,904  
     

 

 

  

Household Products (5.9%)

      

The Clorox Company

      3,579,544        543,625,347  

The Procter & Gamble Co.

      3,940,698        490,144,017  
     

 

 

  
        1,033,769,364  
     

 

 

  

Interactive Media & Services (2.2%)

      

Alphabet Inc., Class A q

     309,801        378,310,393  
     

 

 

  

IT Services (3.5%)

      

Mastercard Inc., Class A

      2,274,275        617,624,862  
     

 

 

  
     

Machinery (5.4%)

      

Deere & Co.

      2,125,278        358,491,893  

Pentair plc

      6,665,457        251,954,275  

Xylem Inc.

      4,302,734        342,583,681  
     

 

 

  
        953,029,849  
     

 

 

  

Media (4.6%)

      

The Walt Disney Co.

      6,223,534        811,050,951  
     

 

 

  
     

Professional Services (3.2%)

      

Verisk Analytics Inc.

      3,538,461        559,572,222  
     

 

 

  

Semiconductor Equipment (1.9%)

      

NVIDIA Corp.

      1,918,356        333,928,229  
     

 

 

  

Snack & Juice Bars (0.9%)

      

Starbucks Corp.

      1,815,884        160,560,463  
     

 

 

  

Software (11.0%)

      

Cadence Design Systems Inc. q

     6,251,344        413,088,811  

Microsoft Corp.

      7,759,296        1,078,774,923  

Synopsys Inc. q

     3,115,816        427,645,746  
     

 

 

  
        1,919,509,480  
     

 

 

  

Technology Hardware (2.3%)

      

Apple Inc.

      1,786,978        400,229,463  
     

 

 

  

Total investment in equities (97.9%)

      

(cost $12,682,783,521)

         17,192,693,225  
     

 

 

  

Short-Term Securities    Interest Rate     Maturity Date     

Principal
Amount

($)

      Market Value ($)  

Certificates of Deposit (0.0%) α

           

Providence Bank & Trust

      0.50 %      09/24/2020        250,000        240,191  

Self-Help Federal Credit Union

      1.85 %      10/15/2019        250,000        249,617  
          

 

 

  
             489,808  

Certificates of Deposit Account Registry Service (0.0%) α

 

        

CDARS agreement with Beneficial State Bank,
dated 03/14/2019
Participating depository institutions:
Bank of Weston, par 238,500;
Central Savings Bank, par 201,524;
City First Bank of D.C., N.A., par 238,500;
CUSB Bank, par 50,000;
Harford Bank, par 166,909;
Illinois National Bank, par 238,500;
MainStreet Bank, par 238,500;
National Bank of St. Anne, par 238,500;
Relyance Bank, par 102,925;
Resource Bank, par 51,229;
State Bank of Southern Utah, par 234,913;
(cost $1,964,176)

      1.52 %      03/12/2020        2,000,000        1,964,176  
          

 

 

  

Community Development Loans (0.0%) α

           

BlueHub Loan Fund

      1.00 %      04/15/2020        100,000        96,770  

MicroVest Plus, LP Note

      2.25 %      12/15/2020        7,500,000        7,407,787  

New Hampshire Community Loan Fund

      1.00 %      07/31/2020        500,000        475,014  

Root Capital Loan Fund

      1.25 %      02/01/2020        200,000        195,924  

TMC Development Working Solutions

      1.00 %      05/25/2020        100,000        96,114  

Vermont Community Loan Fund

      1.00 %      04/15/2020        100,000        96,770  
          

 

 

  
             8,368,379  
          

 

 

  

Time Deposits (2.2%)

           

BBH Cash Management Service

           

Citibank, New York

      1.25 %      10/01/2019        200,000,000        200,000,000  

JPMorgan Chase, New York

      1.25 %      10/01/2019        182,595,428        182,595,428  
          

 

 

  
             382,595,428  
          

 

 

  

Total short-term securities (2.2%)

           

(cost $393,417,791)

              393,417,791  
          

 

 

  

Total securities (100.1%)

           

(cost $13,076,201,312)

              17,586,111,016  
          

 

 

  

Other assets and liabilities (-0.1%)

              (24,739,854 ) 
          

 

 

  

Total net assets (100.0%)

              17,561,371,162  
          

 

 

  

 

q   This security is non-income producing.
a   Market value adjustments have been applied to these securities to reflect potential early withdrawal.
plc   Public Limited Company