Parnassus Funds - Parnassus Endeavor Fund
PFPWX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
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 Value Equity Fund (PFPWX) is an institutional share class of a U.S. large-cap value mutual fund managed by Parnassus Investments that seeks capital appreciation primarily through a high-conviction, diversified portfolio of approximately 40 to 45 equity securities, focusing on quality large-cap companies with relevant products and services, durable competitive advantages, strong management teams, and sustainable business practices that are temporarily undervalued relative to their history or peers; the fund invests at least 80% of its net assets in such equities, emphasizing asymmetric risk/reward profiles with upside potential outweighing downside risk, while avoiding fossil fuel companies and incorporating environmental, social, and governance (ESG) criteria; it benchmarks against the Russell 1000 Value Index, maintaining low turnover around 24%, 46 holdings, a weighted average market cap of $512 billion, P/E ratio of 22.2x, and P/B ratio of 3.5x as of September 30, 2025. One Market, Suite 1600, San Francisco, California serves as the headquarters for Parnassus Investments, the firm's investment adviser, which was founded in 1984 and pioneered responsible investing with over $14 billion in total assets under management across a family of actively managed equity and fixed income mutual funds; Parnassus Investments operates primarily in the United States, serving individual and institutional investors seeking ESG-integrated strategies. In recent developments, the fund, formerly known as Parnassus Endeavor Fund, was rebranded to Parnassus Value Equity Fund in December 2022 to better reflect its relative value investment approach under portfolio manager Krishna Chintalapalli following a leadership transition from Jerome Dodson to Billy Hwan in 2021; Parnassus Investments itself underwent a significant strategic shift in 2021 when Affiliated Managers Group (AMG) acquired a majority stake, enhancing distribution and resources while preserving operational independence; more recently, on December 12, 2024, Parnassus Investments launched two fully transparent active ETFs—the Parnassus Core Select ETF and Parnassus Value Select ETF—expanding its offerings into exchange-traded products alongside its mutual funds; portfolio adjustments in Q3 2025 included new positions in The Depot Inc., Abbott Laboratories, and others, alongside increases in holdings like Progressive Corp., reflecting ongoing active management.