Parnassus Core Equity Fund - Institutional Shares
PRILX
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 28, 2006
- CIK
- 0000866256
- Website
- parnassus.com
- Similar Companies
- Business
- Parnassus Core Equity Fund - Institutional Shares (PRILX) is an actively managed mutual fund that seeks capital appreciation and current income through a high-conviction portfolio of approximately 40 U.S. large-cap equity securities, including common and preferred stocks, with at least 80% of net assets invested in equities and 75% in dividend- or interest-paying securities. The fund emphasizes high-quality companies exhibiting durable competitive advantages, strong management teams, sustainable business practices, and potential to compound value at attractive valuations; key differentiators include its focus on resilient firms that thrive in economic expansions and downturns, asymmetric return potential favoring up markets, and a proven track record managed by an experienced team led by CIO Todd Ahlsten (since 2001), Benjamin Allen (since 2012), and Andrew Choi (since 2022). It maintains a concentrated portfolio with 41 holdings as of September 30, 2025, sector allocations balancing AI-driven growth names like NVIDIA, Microsoft, Amazon, and Alphabet alongside defensive holdings such as Waste Management, Intercontinental Exchange, and AutoZone, and undervalued opportunities including Deere and Danaher, with an average weighted market cap of $1,116.1 billion, P/E ratio of 34.2x, and annual turnover of 34.2%. PRILX, part of Parnassus Investments' suite of responsible investing strategies, targets individual and institutional investors seeking U.S. large-cap core exposure with environmental, social, and governance (ESG) integration; the fund benchmarks against the S&P 500 Index and operates within the large blend category. Parnassus Investments, founded in 1984 and headquartered at One Market Plaza in San Francisco, California, manages over $43 billion in assets across focused equity mutual funds as of June 30, 2025, with no subsidiaries or parent relationships noted. Recent developments include the December 2024 launch of the Parnassus Core Select ETF (PRCS), a more concentrated version of the Core Equity strategy featuring highest-conviction large-cap stocks to enhance U.S. core equity allocations, alongside the Parnassus Value Select ETF mirroring its Value Equity fund; these active, fully transparent ETFs expand access to Parnassus' established approaches. In May 2025, Parnassus debuted its first international equity mutual fund, the Parnassus International Equity Fund (Investor Shares: PRBRX; Institutional Shares: PFPEX), extending its high-conviction, research-driven philosophy to non-U.S. high-quality companies amid demand for diversification. The firm grew its investment team by nearly 50% over the prior three years to support global research, issued its 2025 Sustainability & Stewardship Report emphasizing stewardship engagements, and maintained portfolio adjustments such as adding Advanced Micro Devices in Q1 2025 while upholding valuation discipline across U.S. equities.