0001145549-24-027353.txt : 20240516 0001145549-24-027353.hdr.sgml : 20240516 20240516144411 ACCESSION NUMBER: 0001145549-24-027353 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240516 DATE AS OF CHANGE: 20240516 PERIOD START: 20241231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PARNASSUS INCOME FUNDS CENTRAL INDEX KEY: 0000866256 ORGANIZATION NAME: 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: 24954825 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 2024-12-31 2024-03-31 N 30364358035.020000000000 78553374.700000000000 30285804660.320000000000 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 0.000000000000 USD N Adobe Inc. FU4LY2G4933NH2E1CP29 Adobe Inc. 00724F101 528971 NS USD 266918766.6 0.8813329201 Long EC CORP US N 1 N N N Alphabet Inc., Class A 5493006MHB84DD0ZWV18 Alphabet Inc., Class A 02079K305 10434821 NS USD 1574927533.53 5.2002169042 Long EC CORP US N 1 N N N Apple Inc. HWUPKR0MPOU8FGXBT394 Apple Inc. 037833100 6555548 NS USD 1124145371.04 3.7117896772 Long EC CORP US N 1 N N N Applied Materials Inc. 41BNNE1AFPNAZELZ6K07 Applied Materials Inc. 038222105 3549240 NS USD 731959765.2 2.4168410693 Long EC CORP US N 1 N N N Autozone Inc. GA3JGKJ41LJKXDN23E90 Autozone Inc. 053332102 222466 NS USD 701134968.9 2.3150613852 Long EC CORP US N 1 N N N Ball Corp. 0BGI85ALH27ZJP15DY16 Ball Corp. 058498106 14166331 NS USD 954244056.16 3.1507964436 Long EC CORP US N 1 N N N Bank of America Corp. 9DJT3UXIJIZJI4WXO774 Bank of America Corp. 060505104 30846077 NS USD 1169683239.84 3.8621501161 Long EC CORP US N 1 N N N BBH Cash Mgmt Sweep N/A BBH Cash Mgmt Sweep 11BBHCMS1 84900000.65 PA USD 84900000.65 0.2803293543 Short STIV US N 1 2024-04-01 Fixed 4.68 N N N N N N Blue Hub Loan Fund, Inc. N/A Blue Hub Loan Fund, Inc. 1BHLFCE24 900000 PA USD 897934.428 0.0029648690 Short STIV US N 3 N N N Blue Hub Loan Fund, Inc. N/A Blue Hub Loan Fund, Inc. 1BOST0057 100000 PA USD 99770.49 0.0003294299 Short STIV US N 3 N N N Broadcom Inc. 549300WV6GIDOZJTV909 Broadcom Inc. 11135F101 354298 NS USD 469590112.18 1.5505287624 Long EC CORP US N 1 N N N CDARS Beneficial State Bank N/A CDARS Beneficial State Bank 1CDARPC25 2000000 PA USD 1923956.04 0.0063526661 Short STIV US N 3 N N N Charter Communications Inc. Class A 0J0XRGZE3PBRFEZ7MV65 Charter Communications Inc. Class A 16119P108 1872813 NS USD 544295642.19 1.7971972292 Long EC CORP US N 1 N N N Citizens Trust Bank N/A Citizens Trust Bank 11CBTCF25 250000 PA USD 242131.15 0.0007994873 Short STIV US N 3 N N N CME Group Inc., Class A LCZ7XYGSLJUHFXXNXD88 CME Group Inc., Class A 12572Q105 4068009 NS USD 875801657.61 2.8917892968 Long EC CORP US N 1 N N N Community Vision Capital & Consulting N/A Community Vision Capital & Consulting 11CVCEF25 250000 PA USD 237500 0.0007841958 Short STIV US N 3 N N N Costco Wholesale Corp. 29DX7H14B9S6O3FD6V18 Costco Wholesale Corp. 22160K105 616216 NS USD 451458328.08 1.4906598426 Long EC CORP US N 1 N N N D.R. Horton Inc. 529900ZIUEYVSB8QDD25 D.R. Horton Inc. 23331A109 2446706 NS USD 402605472.3 1.3293537247 Long EC CORP US N 1 N N N Danaher Corp. S4BKK9OTCEWQ3YHPFM11 Danaher Corp. 235851102 2292131 NS USD 572390953.32 1.8899644891 Long EC CORP US N 1 N N N Deere & Co. PWFTNG3EI0Y73OXWDH08 Deere & Co. 244199105 2776596 NS USD 1140459041.04 3.7656554080 Long EC CORP US N 1 N N N Equifax Inc. 5493004MCF8JDC86VS77 Equifax Inc. 294429105 1558483 NS USD 416925372.16 1.3766362718 Long EC CORP US N 1 N N N Fiserv Inc. GI7UBEJLXYLGR2C7GV83 Fiserv Inc. 337738108 5254999 NS USD 839853940.18 2.7730943576 Long EC CORP US N 1 N N N The Procter & Gamble Co. 2572IBTT8CCZW6AU4141 The Procter & Gamble Co. 742718109 3082143 NS USD 500077701.75 1.6511950313 Long EC CORP US N 1 N N N The Sherwin-Williams Co. Z15BMIOX8DDH0X2OBP21 The Sherwin-Williams Co. 824348106 1740470 NS USD 604517445.1 1.9960422115 Long EC CORP US N 1 N N N Thermo Fisher Scientific Inc. HCHV7422L5HDJZCRFL38 Thermo Fisher Scientific Inc. 883556102 1099141 NS USD 638831740.61 2.1093437925 Long EC CORP US N 1 N N N Verisk Analytics Inc. 549300I1YSWNIRKBWP67 Verisk Analytics Inc. 92345Y106 1681702 NS USD 396427612.46 1.3089551917 Long EC CORP US N 1 N N N Verizon Communications Inc. 2S72QS2UO2OESLG6Y829 Verizon Communications Inc. 92343V104 10289897 NS USD 431764078.12 1.4256318528 Long EC CORP US N 1 N N N Vermont Community Loan Fund N/A Vermont Community Loan Fund 1VCLF0424 100000 PA USD 99770.49 0.0003294299 Short STIV US N 3 N N N Waste Management Inc. 549300YX8JIID70NFS41 Waste Management Inc. 94106L109 3741300 NS USD 797458095 2.6331084940 Long EC CORP US N 1 N N N Short Term Investments Trust 549300UJV6OHYATSFU27 Invesco Government & Agency Portfolio Institutional Class 825252885 3871128 NS USD 3871128 0.0127819883 Long STIV RF US N 1 N N Intel Corp. KNX4USFCNGPY45LOCE31 Intel Corp. 458140100 15825474 NS USD 699011186.58 2.3080489174 Long EC CORP US N 1 N N N Intercontinental Exchange Inc. 5493000F4ZO33MV32P92 Intercontinental Exchange Inc. 45866F104 6525489 NS USD 896797953.27 2.9611164812 Long EC CORP US N 1 N N N Intuit Inc. VI90HBPH7XSFMB9E4M29 Intuit Inc. 461202103 1061307 NS USD 689849550 2.2777983208 Long EC CORP US N 1 N N N Linde plc 8945002PAZHZLBGKGF02 Linde plc G54950103 1918254 NS USD 890683697.28 2.9409279604 Long EC CORP IE N 1 N N N Marriott International Inc., Class A 225YDZ14ZO8E1TXUSU86 Marriott International Inc., Class A 571903202 1949695 NS USD 491927545.45 1.6242842182 Long EC CORP US N 1 N N N Marsh & McLennan Co. Inc. 549300XMP3KDCKJXIU47 Marsh & McLennan Co. Inc. 571748102 3387718 NS USD 697802153.64 2.3040568394 Long EC CORP US N 1 N N N Mastercard Inc., Class A AR5L2ODV9HN37376R084 Mastercard Inc., Class A 57636Q104 2165385 NS USD 1042784454.45 3.4431459429 Long EC CORP US N 1 N N N Micron Technology Inc. B3DXGBC8GAIYWI2Z0172 Micron Technology Inc. 595112103 3221402 NS USD 379771081.78 1.2539573772 Long EC CORP US N 1 N N N Microsoft Corp. INR2EJN1ERAN0W5ZP974 Microsoft Corp. 594918104 4787887 NS USD 2014359818.64 6.6511682329 Long EC CORP US N 1 N N N Mondelez International Inc., Class A 549300DV9GIB88LZ5P30 Mondelez International Inc., Class A 609207105 5378558 NS USD 376499060 1.2431535639 Long EC CORP US N 1 N N N New Hampshire Community Loan Fund, Inc. N/A New Hampshire Community Loan Fund, Inc. 11NHCLF24 500000 PA USD 490081.97 0.0016181904 Short STIV US N 3 N N N Nutrien Ltd. 5493002QQ7GD21OWF963 Nutrien Ltd. 67077M108 1759880 NS USD 95579082.8 0.3155903694 Long EC CORP CA N 1 N N N NVIDIA Corp. 549300S4KLFTLO7GSQ80 NVIDIA Corp. 67066G104 1638194 NS USD 1480206570.64 4.8874599412 Long EC CORP US N 1 N N N Oracle Corp. 1Z4GXXU7ZHVWFCD8TV52 Oracle Corp. 68389X105 5822909 NS USD 731415599.49 2.4150443011 Long EC CORP US N 1 N N N Realty Income Corp. 549300CUWDAUZSH43859 Realty Income Corp. 756109104 4814886 NS USD 260485332.6 0.8600905128 Long EC CORP US N 1 N N N Roche Holding AG (ADR) 549300U41AUUVOAAOB37 Roche Holding AG (ADR) 771195104 16137647 NS USD 515113692.24 1.7008420216 Long EC CORP CH N 1 N N Root Capital Inc. N/A Root Capital Inc. 11RCEIF25 200000 PA USD 189967.21 0.0006272483 Short STIV US N 3 N N N S&P Global Inc. Y6X4K52KMJMZE7I7MY94 S&P Global Inc. 78409V104 1656539 NS USD 704774517.55 2.3270787270 Long EC CORP US N 1 N N N Salesforce Inc. RCGZFPDMRW58VJ54VR07 Salesforce Inc. 79466L302 4614483 NS USD 1389789989.94 4.5889155184 Long EC CORP US N 1 N N N Self -Help Federal Credit Union N/A Self -Help Federal Credit Union 11SHFCC25 1000000 PA USD 964808.74 0.0031856797 Short STIV US N 3 N N N Self -Help Federal Credit Union N/A Self -Help Federal Credit Union 1CTCU1024 250000 PA USD 244590.16 0.0008076066 Short STIV US N 3 N N N Sysco Corp. 5RGWIFLMGH3YS7KWI652 Sysco Corp. 871829107 5399503 NS USD 438331653.54 1.4473171786 Long EC CORP US N 1 N N N The Cigna Group 549300VIWYMSIGT1U456 The Cigna Group 125523100 2032303 NS USD 738112126.57 2.4371554094 Long EC CORP US N 1 N N N 2024-04-17 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 March 31, 2024 (unaudited)

 

 Equities    Shares    Market Value ($)

Banks (3.9%)

      

Bank of America Corp.

    30,846,077    1,169,683,240 

Capital Markets (8.2%)

      

CME Group Inc., Class A

    4,068,009    875,801,658 

Intercontinental Exchange Inc.

    6,525,489    896,797,953 

S&P Global Inc.

    1,656,539    704,774,518 
      2,477,374,129 

Chemicals (5.2%)

      

Linde plc

    1,918,254    890,683,697 

Nutrien Ltd.

    1,759,880    95,579,083 

The Sherwin-Williams Co.

    1,740,470    604,517,445 
      1,590,780,225 

Commercial Services & Supplies (2.6%)

      

Waste Management Inc.

    3,741,300    797,458,095 

Containers & Packaging (3.2%)

      

Ball Corp. W

   14,166,331    954,244,056 

Diversified Financial Services (2.8%)

      

Fiserv Inc. q

    5,254,999    839,853,940 

Diversified Telecommunication Services (1.4%)

      

Verizon Communications Inc.

    10,289,897    431,764,078 

Food & Staples Retailing (2.9%)

      

Costco Wholesale Corp.

    616,216    451,458,328 

Sysco Corp.

    5,399,503    438,331,654 
      889,789,982 

Food Products (1.2%)

      

Mondelez International Inc., Class A

    5,378,558    376,499,060 
     

Health Care Providers & Services (2.4%)

      

The Cigna Group

    2,032,303    738,112,126 

Hotels Restaurants & Leisure (1.6%)

      

Marriott International Inc., Class A

    1,949,695    491,927,545 

Household Durables (1.3%)

      

D.R. Horton Inc.

    2,446,706    402,605,472 

Household Products (1.7%)

      

The Procter & Gamble Co.

    3,082,143    500,077,702 

Insurance (2.3%)

      

Marsh & McLennan Co., Inc.

    3,387,718    697,802,154 

Interactive Media & Services (5.2%)

      

Alphabet Inc., Class A q

    10,434,821    1,574,927,534 

IT Services (3.5%)

      

Mastercard Inc., Class A

    2,165,385    1,042,784,454 

Life Sciences Tools & Services (4.0%)

      

Danaher Corp.

    2,292,131    572,390,953 

Thermo Fisher Scientific Inc.

    1,099,141    638,831,741 
          1,211,222,694 

Machinery (3.8%)

      

Deere & Co.

    2,776,596    1,140,459,041 

Media (1.8%)

      

Charter Communications Inc., Class A q

    1,872,813    544,295,642 

Pharmaceuticals (1.7%)

      

Roche Holding AG, ADR l

    16,137,647    515,113,692 

Professional Services (2.7%)

      

Equifax Inc.

    1,558,483    416,925,372 

Verisk Analytics Inc.

    1,681,702    396,427,612 
      813,352,984 

Real Estate Investment Trust (0.9%)

      

Realty Income Corp.

    4,814,886    260,485,333 

Semiconductors & Semiconductor Equipment (12.4%)

      

Applied Materials Inc.

    3,549,240    731,959,765 

Broadcom Inc.

    354,298    469,590,112 

Intel Corp.

    15,825,474    699,011,187 

Micron Technology Inc.

    3,221,402    379,771,082 

NVIDIA Corp.

    1,638,194    1,480,206,571 
      3,760,538,717 

Software (16.8%)

      

Adobe Inc. q

    528,971    266,918,767 

Intuit Inc.

    1,061,307    689,849,550 

Microsoft Corp.

    4,787,887    2,014,359,819 

Oracle Corp.

    5,822,909    731,415,599 

Salesforce Inc. q

    4,614,483    1,389,789,990 
      5,092,333,725 

Specialty Retail (2.3%)

            

AutoZone Inc. q

          222,466    701,134,969 

Technology Hardware, Storage & Peripherals (3.7%)

            

Apple Inc.

          6,555,548    1,124,145,371 

Total investment in equities (99.5%)

            

(cost $20,813,490,421)

                30,138,765,960 
             
 Short-Term Securities    Interest Rate    Maturity Date   

Principal

Amount ($)

    Market Value ($)

Certificates of Deposit (0.0%) α

            

Citizens Trust Bank

    1.00%    01/14/2025    250,000    242,131 

Community Vision Capital & Consulting

    0.25%    01/31/2025    250,000    237,500 

Self-Help Federal Credit Union

    4.50%    10/16/2024    250,000    244,590 

Self-Help Federal Credit Union

    4.60%    02/17/2025    1,000,000    964,809 
            1,689,030 

Certificates of Deposit Account Registry Service (0.0%) α

         
CDARS agreement with Beneficial State Bank,
dated 03/14/2024
Participating depository institutions:
CapStar Bank, par 150,500
First Business Bank., par 235,500;
Freedom Financial Bank, par 235,500;
Frontier Bank, par 235,500;
River City Bank, par 235,500;
Signature Bank National Association, par 235,500;
Solera National Bank, par 235,500;
South Ottumwa Savings Bank, par 235,500;
Summit Community Bank Inc, par 143,000;
The Peoples Bank of Georgia, par 58,000;
(cost $1,923,956)		    4.18%    03/13/2025    2,000,000    1,923,956 

Community Development Loans (0.0%) α

            

BlueHub Loan Fund Inc.

    1.00%    04/15/2024    100,000    99,771 

BlueHub Loan Fund Inc.

    1.00%    04/15/2024    900,000    897,934 

New Hampshire Community Loan Fund Inc.

    1.00%    07/31/2024    500,000    490,082 

Root Capital Inc.

    1.00%    02/01/2025    200,000    189,967 

Vermont Community Loan Fund Inc.

    2.00%    04/15/2024    100,000    99,770 
            1,777,524 

Time Deposits (0.3%)

            

Sumitomo, Tokyo

    4.68%    04/01/2024    84,900,001    84,900,001 
Securities Purchased with Cash Collateral from Securities Lending         

Registered Investment Companies (0.00%)

            

Invesco Aim Government & Agency Portfolio

            

Short-Term Investments Trust, Institutional Class

    5.23%                         3,868,704 

Total short-term securities (0.3%)

            

(cost $94,159,215)

             94,159,215 

Payable upon return of securities loaned (0.00%)

             (3,868,704) 

Total securities (99.8%)

            

(cost $20,907,649,636)

              30,229,056,471 

Other assets and liabilities (0.2%)

             56,748,189 

Total net assets (100.0%)

             30,285,804,660 

 

l

This security, or partial position of this security, was on loan at March 31, 2024. The total value of the securities on loan at March 31, 2024 was $3,871,128

 

 

W

Fund ownership consists of 5% or more of the shares outstanding of the Affiliated Issuer, as defined under the Investment Securities Act of 1940.

 

 

q

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