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.
The Parnassus Core Equity Fund underperformed the S&P 500 in 3Q25, returning 2.57% vs. 8.12% as risk-on sentiment weighed on its defensive holdings. The managers remain constructively bullish on U.S. large caps, balancing defensive quality with high-conviction strategic AI exposure.
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The Parnassus Core Equity Fund underperformed the S&P 500 in 3Q25, returning 2.57% vs. 8.12% as risk-on sentiment weighed on its defensive holdings. The managers remain constructively bullish on U.S. large caps, balancing defensive quality with high-conviction strategic AI exposure.
