Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
Browse the world's most comprehensive archive of hedge fund manager letters. Access primary source research from leading institutional managers, sorted by reporting period.
Parnassus Mid Cap Growth Fund outperformed its index in both Q4 (-0.77% vs -3.70%) and FY2025 (9.19% vs 8.66%). The fund is actively repositioning away from highly concentrated semiconductor AI holdings and software models vulnerable to AI pricing risks, adding cyclically-oriented industrials and infrastructure plays.
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Parnassus Mid Cap Growth Fund outperformed its index in both Q4 (-0.77% vs -3.70%) and FY2025 (9.19% vs 8.66%). The fund is actively repositioning away from highly concentrated semiconductor AI holdings and software models vulnerable to AI pricing risks, adding cyclically-oriented industrials and infrastructure plays.
