Parnassus Mid Cap Fund Q1 2025 Commentary
Source: SeekingAlpha
2025-05-14 09:37:00 ET
Summary
- The Fund (Investor shares) returned -2.70% (net of fees) for the quarter, outperforming the Russell Midcap Index’s –3.40% return.
- Stock selection within Financials and Information Technology were the largest contributors. Communication Services detracted, driven by The Trade Desk’s underperformance.
- An expanded overweight to Financials reflected new positions in insurance and banking, while exits in Materials were driven by more attractive opportunities elsewhere.
- We pursued and delivered downside protection amid policy-driven volatility through our selective set of high-quality, economically resilient holdings.
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Parnassus Mid Cap Fund Q1 2025 Commentary
Fidelity National Information Services Inc.
NASDAQ: FIS
FIS Trading
-0.66% G/L:
$42.13 Last:
3,005,089 Volume:
$42.30 Open:
FIS Latest News
FIS Stock Data
$26,099,678,506
512,672,256
N/A
488
N/A
Diversified Financial Services
Finance
US
Jacksonville
