Parnassus Mid Cap Fund Institutional Shares
PFPMX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Market #1600 San Francisco CA United States of America 94105
- IPO Date
- Apr 30, 2015
- CIK
- 0000747546
- Website
- parnassus.com
- Similar Companies
- Business
- Parnassus Mid Cap Fund Institutional Shares (PFPMX) is an actively managed open-end mutual fund that invests primarily in a high-conviction portfolio of 35 to 45 high-quality U.S. mid-cap stocks selected for long-term growth potential, business resiliency, high returns on capital, solid margins, durable competitive advantages, strong management teams, and sustainable business practices; the fund normally allocates at least 80% of its net assets to mid-sized companies within the market capitalization range of the Russell Midcap Index at the time of purchase, with up to 20% flexibility for smaller or larger capitalization companies, emphasizing resilient businesses likely to thrive in economic expansions and recessions while seeking asymmetric return potential with lower volatility relative to broad mid-cap benchmarks. Launched on April 30, 2015, and domiciled in the United States, PFPMX is managed by Parnassus Investments LLC, a San Francisco-based pioneer in responsible investing founded in 1984 and headquartered at 1 Market Street, Suite 1600, San Francisco, California, which oversees approximately $43 billion in assets across equity strategies for individual and institutional investors with a focus on environmental, social, and governance (ESG) factors alongside financial fundamentals. The fund targets core equity complement holdings for investors seeking mid-cap blend exposure, with current portfolio managers Lori A. Keith (since October 1, 2008) and Ian E. Sexsmith (since January 1, 2024), following the departure of co-manager Matthew D. Gershuny effective September 16, 2025. Recent major changes include the addition of Ian E. Sexsmith as portfolio manager on January 1, 2024, and the subsequent exit of long-time co-manager Matthew D. Gershuny in September 2025, streamlining management to Keith and Sexsmith who remain jointly responsible for day-to-day portfolio decisions; Parnassus Investments, the fund's adviser, launched its first sustainable ETFs—Parnus Core ETF (CS) and Parnassus Select ETF (PRVS)—in December 2024 to expand ESG offerings amid a contracting U.S. ESG fund market, and introduced the Parnassus International Equity Fund (Investor Shares: BRX; Institutional Shares: PEX) in May 2025 as its inaugural actively managed international equity strategy applying the firm's high-conviction philosophy to global high-quality companies. The firm also released its 2024 Sustainability & Stewardship Report in October 2024, detailing engagements with 57 portfolio companies on themes like climate risks, responsible AI, sustainable workplaces, environmental justice, and governance, alongside proxy voting on 1,833 proposals. These developments reflect Parnassus Investments' ongoing strategic emphasis on product innovation, portfolio management transitions, and enhanced stewardship within the sustainable investing segment.