| PARNASSUS CORE EQUITY FUND | ||||
| Portfolio of Investments as of September 30, 2023 (unaudited) | ||||
| Equities | Shares | Market Value ($) | ||
| Banks (2.9%) | ||||
| Bank of America Corp. | 26,787,153 | 733,432,249 | ||
| Biotechnology (2.4%) | ||||
| Gilead Sciences Inc. | 8,253,708 | 618,532,878 | ||
| Capital Markets (8.2%) | ||||
| CME Group Inc., Class A | 4,257,792 | 852,495,114 | ||
| Intercontinental Exchange Inc. | 5,500,486 | 605,163,470 | ||
| S&P Global Inc. | 1,715,456 | 626,844,777 | ||
| 2,084,503,361 | ||||
| Chemicals (6.7%) | ||||
| Linde plc | 2,278,249 | 848,306,015 | ||
| Nutrien Ltd. | 6,638,566 | 409,997,836 | ||
| The Sherwin-Williams Co. | 1,767,608 | 450,828,421 | ||
| 1,709,132,272 | ||||
| Commercial Services & Supplies (2.3%) | ||||
| Waste Management Inc. | 3,879,636 | 591,411,712 | ||
| Containers & Packaging (2.3%) | ||||
| Ball Corp. Ω | 11,532,631 | 574,094,371 | ||
| Diversified Financial Services (2.4%) | ||||
| Fiserv Inc. θ | 5,474,730 | 618,425,501 | ||
| Food & Staples Retailing (4.0%) | ||||
| Costco Wholesale Corp. | 1,038,333 | 586,616,612 | ||
| Sysco Corp. | 6,705,845 | 442,921,062 | ||
| 1,029,537,674 | ||||
| Food Products (1.7%) | ||||
| Mondelez International Inc., Class A | 6,450,838 | 447,688,157 | ||
| Health Care Equipment & Supplies (1.9%) | ||||
| Becton, Dickinson and Co. | 1,897,196 | 490,482,082 | ||
| Health Care Providers & Services (2.2%) | ||||
| The Cigna Group | 1,940,500 | 555,118,835 | ||
| Hotels Restaurants & Leisure (1.5%) | ||||
| Marriott International Inc. Ω | 1,980,095 | 389,207,473 | ||
| Household Durables (1.0%) | ||||
| D.R. Horton Inc. | 2,484,856 | 267,047,474 | ||
| Household Products (2.0%) | ||||
| The Procter & Gamble Co. | 3,583,058 | 522,624,840 | ||
| Insurance (2.6%) | ||||
| Marsh & McLennan Co., Inc. | 3,440,540 | 654,734,762 | ||
| Interactive Media & Services (5.4%) | ||||
| Alphabet Inc., Class A θ | 10,597,522 | 1,386,791,729 | ||
| IT Services (3.5%) | ||||
| Mastercard Inc., Class A | 2,224,027 | 880,514,530 | ||
| Life Sciences Tools & Services (4.3%) | ||||
| Danaher Corp. | 2,327,870 | 577,544,547 | ||
| Thermo Fisher Scientific Inc. | 1,006,492 | 509,456,056 | ||
| 1,087,000,603 | ||||
| Machinery (3.4%) | ||||
| Deere & Co. | 2,319,382 | 875,288,379 | ||
| Media (1.6%) | ||||
| Charter Communications Inc., Class A θ | 934,767 | 411,129,222 | ||
| Pharmaceuticals (2.2%) | ||||
| Roche Holding AG, ADR | 16,323,253 | 553,847,974 | ||
| Professional Services (1.6%) | ||||
| Verisk Analytics Inc. | 1,779,309 | 420,343,958 | ||
| Road & Rail (1.3%) | ||||
| Canadian Pacific Kansas City Ltd. | 4,544,312 | 338,142,256 | ||
| Semiconductors & Semiconductor Equipment (7.6%) | ||||
| Applied Materials Inc. | 3,604,580 | 499,054,101 | ||
| Intel Corp. | 16,072,226 | 571,367,634 | ||
| NVIDIA Corp. | 1,125,448 | 489,558,626 | ||
| Texas Instruments Inc. | 2,443,728 | 388,577,189 | ||
| 1,948,557,550 | ||||
| Software (17.7%) | ||||
| Adobe Inc. θ | 1,397,560 | 712,615,844 | ||
| Intuit Inc. | 489,731 | 250,223,157 | ||
| Microsoft Corp. | 5,164,364 | 1,630,647,933 | ||
| Oracle Corp. | 9,029,345 | 956,388,222 | ||
| Salesforce Inc. θ | 4,797,706 | 972,878,823 | ||
| 4,522,753,979 | ||||
| Specialty Retail (1.5%) | ||||
| Autozone Inc. θ | 149,570 | 379,906,304 | ||
| Technology Hardware, Storage & Peripherals (4.5%) | ||||
| Apple Inc. | 6,657,763 | 1,139,875,603 | ||
| Total investment in equities (98.8%) | ||||
| (cost $20,489,113,964) | $25,230,125,728.00 | |||
| Short-Term Securities | Interest Rate | Maturity Date | Principal Amount ($) | Market Value ($) |
| Certificates of Deposit (0.0%) α | ||||
| Citizens Trust Bank | 0.05% | 01/14/2024 | 250,000 | $247,096.00 |
| Community Vision Capital & Consulting | 0.25% | [$-10464]01/31/2024;@ | 250,000 | $244,945.00 |
| Self-Help Federal Credit Union | 1.50% | 10/16/2023 | 250,000 | $249,562.00 |
| Self-Help Federal Credit Union | 3.56% | 02/17/2024 | 1,000,000 | $984,658.00 |
| $1,726,261.00 | ||||
| Certificates of Deposit Account Registry Service (0.0%) α | ||||
| CDARS agreement with Beneficial State Bank, dated 03/16/2023 Participating depository institutions: Capitol National Bank, par 236,500; Citizen Bank & Trust Co., par 236,500; Farmers and Merchants Union Bank, par 20,952; First State Bank, par 236,500; First United Bank, par 236,500; Security First Bank, par 118,500; The Fairfield National Bank, par 205,048; United Mississippi Bank, par 236,500; Vision Bank, National Association, par 236,500; Waumandee State Bank, par 236,500; (cost $1,963,516) | 4.00% | [$-10464]03/14/2024;@ | 2,000,000 | $1,963,516.00 |
| Community Development Loans (0.0%) α | ||||
| BlueHub Loan Fund Inc. | 1.00% | [$-10464]04/15/2024;@ | 900,000 | $870,787.00 |
| BlueHub Loan Fund Inc. | 1.00% | [$-10464]04/15/2024;@ | 100,000 | $96,754.00 |
| New Hampshire Community Loan Fund Inc. | 1.00% | [$-10464]07/31/2024;@ | 500,000 | $475,000.00 |
| Root Capital Inc. | 1.00% | [$-10464]02/01/2024;@ | 200,000 | $195,923.00 |
| Vermont Community Loan Fund Inc. | 2.00% | [$-10464]04/15/2024;@ | 100,000 | $96,754.00 |
| $1,735,218.00 | ||||
| Time Deposits (1.3%) | ||||
| Citibank, New York | 4.68% | [$-10464]10/02/2023;@ | $149,055,162.00 | |
| JPMorgan Chase, New York | 4.68% | [$-10464]10/02/2023;@ | $64,192,425.00 | |
| Royal Bank of Canada, Toronto | 4.68% | [$-10464]10/02/2023;@ | $17,595,006.00 | |
| Sumitomo, Tokyo | 4.68% | [$-10464]10/02/2023;@ | $87,816,349.00 | |
| $318,658,942.00 | ||||
| Total short-term securities (1.3%) | ||||
| (cost $324,083,937) | $324,083,937.38 | |||
| Total securities (100.1%) | ||||
| (cost $20,813,197,901) | $25,554,209,665.00 | |||
| Other assets and liabilities (-0.1%) | -$24,202,910.00 | |||
| Total net assets (100.0%) | 25,530,006,755 | |||
| Ω Fund ownership consists of 5% or more of the shares outstanding of the Affiliated Issuer, as defined under the | ||||
| Investment Securities Act of 1940. | ||||
| θ This security is non-income producing. | ||||
| α Market value adjustments have been applied to these securities to reflect potential early withdrawal. | ||||
| Such securities has been classified as level 3. | ||||
| plc Public Limited Company | ||||
| AG Aktiengesellschaft | ||||
| ADR American Depositary Receipt | ||||
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