Latest news with #ParnassusCoreEquityFund
Yahoo
2 days ago
- Business
- Yahoo
Parnassus Core Equity Fund Sold Verizon Communications (VZ) as it Fell Short of Expectations
Parnassus Investments, an investment management company, released the 'Parnassus Core Equity Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The Fund (Investor Shares) fell -2.44% (net of fees) in the quarter, outperforming the S&P 500 Index's -4.27% return. U.S. equities fell in the first quarter, showing a shift from the robust gains of the previous quarter. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Parnassus Core Equity Fund highlighted stocks such as Verizon Communications Inc. (NYSE:VZ). Verizon Communications Inc. (NYSE:VZ) engages in the provision of communications, technology, information, and entertainment products and services. The one-month return of Verizon Communications Inc. (NYSE:VZ) was -4.23%, and its shares gained 2.09% of their value over the last 52 weeks. On June 26, 2025, Verizon Communications Inc. (NYSE:VZ) stock closed at $42.10 per share, with a market capitalization of $177.504 billion. Parnassus Core Equity Fund stated the following regarding Verizon Communications Inc. (NYSE:VZ) in its Q1 2025 investor letter: "In the Communication Services sector, we increased the Fund's underweight versus the benchmark by selling Verizon Communications Inc. (NYSE:VZ), as we see deteriorating fundamentals in the wireless business and found more attractive defensive exposure elsewhere. A smiling customer receiving customer contact center solutions on their smartphone. Verizon Communications Inc. (NYSE:VZ) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 65 hedge fund portfolios held Verizon Communications Inc. (NYSE:VZ) at the end of the first quarter, which was 74 in the previous quarter. While we acknowledge the potential of Verizon Communications Inc. (NYSE:VZ) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Verizon Communications Inc. (NYSE:VZ) and shared the list of best dividend leaders. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of VZ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
2 days ago
- Business
- Yahoo
Parnassus Core Equity Fund Sold D.R. Horton (DHI) Due to Uncertain Housing Demand
Parnassus Investments, an investment management company, released the 'Parnassus Core Equity Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The Fund (Investor Shares) fell -2.44% (net of fees) in the quarter, outperforming the S&P 500 Index's -4.27% return. U.S. equities fell in the first quarter, showing a shift from the robust gains of the previous quarter. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Parnassus Core Equity Fund highlighted stocks such as D.R. Horton, Inc. (NYSE:DHI). D.R. Horton, Inc. (NYSE:DHI) is a homebuilding company. The one-month return of D.R. Horton, Inc. (NYSE:DHI) was 7.70%, and its shares lost 9.78% of their value over the last 52 weeks. On June 26, 2025, D.R. Horton, Inc. (NYSE:DHI) stock closed at $127.15 per share, with a market capitalization of $39.058 billion. Parnassus Core Equity Fund stated the following regarding D.R. Horton, Inc. (NYSE:DHI) in its Q1 2025 investor letter: "We also repositioned to increase our underweight in Consumer Discretionary by selling homebuilder D.R. Horton, Inc. (NYSE:DHI) amid uncertainty and increasing risk to housing fundamentals. D.R. Horton's cycle risk is now more accurately priced in. Additionally, housing demand prospects in the areas where the company operates remain uncertain." A construction site of a multi-family residential complex, a modern urban skyline in the background. D.R. Horton, Inc. (NYSE:DHI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 67 hedge fund portfolios held D.R. Horton, Inc. (NYSE:DHI) at the end of the first quarter, which was 60 in the previous quarter. In the fiscal second quarter of 2025, D.R. Horton, Inc. (NYSE:DHI) reported revenue of $7.7 billion, down 15% from prior year's quarter. While we acknowledge the potential of D.R. Horton, Inc. (NYSE:DHI) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered D.R. Horton, Inc. (NYSE:DHI) and shared the list of stocks Jim Cramer recently discussed. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of DHI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
2 days ago
- Business
- Yahoo
Parnassus Core Equity Fund Added Advanced Micro Devices (AMD) on a Dip
Parnassus Investments, an investment management company, released the 'Parnassus Core Equity Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The Fund (Investor Shares) fell -2.44% (net of fees) in the quarter, outperforming the S&P 500 Index's -4.27% return. U.S. equities fell in the first quarter, showing a shift from the robust gains of the previous quarter. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Parnassus Core Equity Fund highlighted stocks such as Advanced Micro Devices, Inc. (NASDAQ:AMD). Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor company that operates through Data Center, Client, Gaming, and Embedded segments. The one-month return of Advanced Micro Devices, Inc. (NASDAQ:AMD) was 29.76%, and its shares lost 11.42% of their value over the last 52 weeks. On June 26, 2025, Advanced Micro Devices, Inc. (NASDAQ:AMD) stock closed at $143.68 per share, with a market capitalization of $232.963 billion. Parnassus Core Equity Fund stated the following regarding Advanced Micro Devices, Inc. (NASDAQ:AMD) in its Q1 2025 investor letter: "We initiated two positions in the Information Technology sector during the quarter: Advanced Micro Devices, Inc. (NASDAQ:AMD), a manufacturer of semiconductor devices and electronic components, and ServiceNow, which provides software for automating enterprise workflows, after significant share price drawdowns in both cases. As a result of these additions, our underweight in the sector lessened, and our positioning is closer to market weight. A close up of a complex looking PCB board with several intergrated semiconductor parts. Advanced Micro Devices, Inc. (NASDAQ:AMD) is in 19th position our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 97 hedge fund portfolios held Advanced Micro Devices, Inc. (NASDAQ:AMD) at the end of the first quarter, which was 96 in the previous quarter. In the first quarter Advanced Micro Devices, Inc.'s (NASDAQ:AMD) revenue increased 36% year-over-year to $7.4 billion. While we acknowledge the potential of Advanced Micro Devices, Inc. (NASDAQ:AMD) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Advanced Micro Devices, Inc. (NASDAQ:AMD) and shared the list of stocks Jim Cramer recently discussed. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Intercontinental Exchange (ICE) Gained from Rising Commodity Prices and Global Volatility
Parnassus Investments, an investment management company, released the 'Parnassus Core Equity Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The Fund (Investor Shares) fell -2.44% (net of fees) in the quarter, outperforming the S&P 500 Index's -4.27% return. U.S. equities fell in the first quarter, showing a shift from the robust gains of the previous quarter. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Parnassus Core Equity Fund highlighted stocks such as Intercontinental Exchange, Inc. (NYSE:ICE). Intercontinental Exchange, Inc. (NYSE:ICE) is a financial services company that offers market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities. The one-month return of Intercontinental Exchange, Inc. (NYSE:ICE) was 1.12%, and its shares gained 31.32% of their value over the last 52 weeks. On June 25, 2025, Intercontinental Exchange, Inc. (NYSE:ICE) stock closed at $180.53 per share, with a market capitalization of $103.557 billion. Parnassus Core Equity Fund stated the following regarding Intercontinental Exchange, Inc. (NYSE:ICE) in its Q1 2025 investor letter: "Intercontinental Exchange, Inc. (NYSE:ICE), operating multiple commodity derivatives exchanges, gained from rising commodity prices and global volatility. The stock's performance also reflected a flight to safety by investors willing to pay more for earnings that offer a higher degree of visibility." A team of mortgage originators using a closing solution platform for quick and accurate mortgage processing. Intercontinental Exchange, Inc. (NYSE:ICE) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 94 hedge fund portfolios held Intercontinental Exchange, Inc. (NYSE:ICE) at the end of the first quarter, which was 91 in the previous quarter. In Q1 2025, Intercontinental Exchange, Inc. (NYSE:ICE) reported an 8% increase in net revenue. While we acknowledge the potential of Intercontinental Exchange, Inc. (NYSE:ICE) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Intercontinental Exchange, Inc. (NYSE:ICE) and shared Macquarie Large Cap Growth Fund's views on the company. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of ICE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
4 days ago
- Business
- Yahoo
Is Waste Management (WM) a Defensive Stock?
Parnassus Investments, an investment management company, released the 'Parnassus Core Equity Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The Fund (Investor Shares) fell -2.44% (net of fees) in the quarter, outperforming the S&P 500 Index's -4.27% return. U.S. equities fell in the first quarter, showing a shift from the robust gains of the previous quarter. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Parnassus Core Equity Fund highlighted stocks such as Waste Management, Inc. (NYSE:WM). Waste Management, Inc. (NYSE:WM) is a waste management company that offers collection services, including picking up and transporting waste and recyclable materials. The one-month return of Waste Management, Inc. (NYSE:WM) was -3.86%, and its shares gained 7.48% of their value over the last 52 weeks. On June 25, 2025, Waste Management, Inc. (NYSE:WM) stock closed at $228.58 per share, with a market capitalization of $91.982 billion. Parnassus Core Equity Fund stated the following regarding Waste Management, Inc. (NYSE:WM) in its Q1 2025 investor letter: "Waste Management, Inc. (NYSE:WM), along with other consumer-facing service companies, benefited from investors fleeing risk as uncertainty gripped the markets. The stock is viewed as defensive because its core business is relatively unaffected by an economic slowdown and tariffs." Aerial view of a Waste Management Transfer Station, highlighting the scale of its operations. Waste Management, Inc. (NYSE:WM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 66 hedge fund portfolios held Waste Management, Inc. (NYSE:WM) at the end of the first quarter, which was 67 in the previous quarter. While we acknowledge the potential of Waste Management, Inc. (NYSE:WM) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Waste Management, Inc. (NYSE:WM) and shared the list of best 52-week high stocks to buy according to analysts. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of WM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
