Parnassus Mid Cap Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Parnassus Mid Cap Fund held 41 positions with $2.53B in net assets. Its ten largest holdings made up 35.0% of the fund. The PARMX share class costs 0.95% a year. Over the 12 months to May 2026, PARMX returned 18.7%, with dividends reinvested. In 2026 Q2 it added 5 new positions and exited 6.
The Parnassus Mid Cap Fund has the overall investment objective of capital appreciation.
The fund invests primarily in mid-capitalization U.S. stocks selected through a value-oriented process that screens for companies trading below estimated intrinsic value, with financially sound fundamentals and sustainable business practices; it may hold up to 20% in smaller- and larger-cap stocks and up to 20% in foreign securities. The fund's returns depend on the manager's assessment of intrinsic value and identification of companies meeting its sustainability criteria, which may diverge from market valuations.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
KLACKLA CORP | 4.81% | $121.62M | 403.1K | $301.71 |
4.57% | $115.43M | 798.2K | $144.61 | |
3.54% | $89.37M | 318.0K | $281.03 | |
XYLXYLEM INC | 3.23% | $81.59M | 690.2K | $118.21 |
SNPSSYNOPSYS INC | 3.19% | $80.51M | 180.5K | $446.07 |
3.18% | $80.39M | 185.5K | $433.33 | |
3.17% | $80.25M | 784.8K | $102.25 | |
3.14% | $79.45M | 1.0M | $76.50 | |
HUBBHUBBELL INC | 3.13% | $79.15M | 151.3K | $523.20 |
3.04% | $76.79M | 260.3K | $295.01 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 41 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 97.38% |
| Real assets | 1.96% |
By sector
- Industrials
- 22.8%
- Information Technology
- 22.5%
- Financials
- 15.3%
- Consumer Discretionary
- 11.7%
- 7 other sectors
- 27.6%
- Industrials
- 22.8%
- Information Technology
- 22.5%
- Financials
- 15.3%
- Consumer Discretionary
- 11.7%
- Health Care
- 7.8%
- International
- 3.8%
- Real Estate
- 3.8%
- Consumer Staples
- 3.2%
- Utilities
- 3.2%
- Materials
- 3.1%
- Energy
- 2.8%
How it has done
PARMX share class · total returns with dividends reinvested
Volatility over the last 12 months: 12.89%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 2 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.95% | +18.69% | +21.80% | +21.61% | -11.21% | |
| 0.75% | +18.94% | +22.29% | +22.10% | -11.15% |
These classes hold the same portfolio, so the 0.49pp spread over 5 years is the cost difference between them — roughly 0.10pp a year — not a difference in what they own.
Fees & fund details
Parnassus Mid Cap Fund is an actively managed U.S. equity fund. 7% of PARMX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 94% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.75% – 0.95%· PARMX 0.95%
- Portfolio turnover
- 52.60% a year · as of 2026 Q2
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
5 new
6 exited
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Understand how this fund fits with the rest.
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