Latest news with #ParnassusCoreEquityFund
Yahoo
10 hours ago
- Business
- Yahoo
Intercontinental Exchange (ICE) Gained from Rising Commodity Prices and Global Volatility
Parnassus Investments, an investment management company, released the 'Parnassus Core Equity Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The Fund (Investor Shares) fell -2.44% (net of fees) in the quarter, outperforming the S&P 500 Index's -4.27% return. U.S. equities fell in the first quarter, showing a shift from the robust gains of the previous quarter. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Parnassus Core Equity Fund highlighted stocks such as Intercontinental Exchange, Inc. (NYSE:ICE). Intercontinental Exchange, Inc. (NYSE:ICE) is a financial services company that offers market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities. The one-month return of Intercontinental Exchange, Inc. (NYSE:ICE) was 1.12%, and its shares gained 31.32% of their value over the last 52 weeks. On June 25, 2025, Intercontinental Exchange, Inc. (NYSE:ICE) stock closed at $180.53 per share, with a market capitalization of $103.557 billion. Parnassus Core Equity Fund stated the following regarding Intercontinental Exchange, Inc. (NYSE:ICE) in its Q1 2025 investor letter: "Intercontinental Exchange, Inc. (NYSE:ICE), operating multiple commodity derivatives exchanges, gained from rising commodity prices and global volatility. The stock's performance also reflected a flight to safety by investors willing to pay more for earnings that offer a higher degree of visibility." A team of mortgage originators using a closing solution platform for quick and accurate mortgage processing. Intercontinental Exchange, Inc. (NYSE:ICE) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 94 hedge fund portfolios held Intercontinental Exchange, Inc. (NYSE:ICE) at the end of the first quarter, which was 91 in the previous quarter. In Q1 2025, Intercontinental Exchange, Inc. (NYSE:ICE) reported an 8% increase in net revenue. While we acknowledge the potential of Intercontinental Exchange, Inc. (NYSE:ICE) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Intercontinental Exchange, Inc. (NYSE:ICE) and shared Macquarie Large Cap Growth Fund's views on the company. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of ICE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
10 hours ago
- Business
- Yahoo
Is Waste Management (WM) a Defensive Stock?
Parnassus Investments, an investment management company, released the 'Parnassus Core Equity Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The Fund (Investor Shares) fell -2.44% (net of fees) in the quarter, outperforming the S&P 500 Index's -4.27% return. U.S. equities fell in the first quarter, showing a shift from the robust gains of the previous quarter. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Parnassus Core Equity Fund highlighted stocks such as Waste Management, Inc. (NYSE:WM). Waste Management, Inc. (NYSE:WM) is a waste management company that offers collection services, including picking up and transporting waste and recyclable materials. The one-month return of Waste Management, Inc. (NYSE:WM) was -3.86%, and its shares gained 7.48% of their value over the last 52 weeks. On June 25, 2025, Waste Management, Inc. (NYSE:WM) stock closed at $228.58 per share, with a market capitalization of $91.982 billion. Parnassus Core Equity Fund stated the following regarding Waste Management, Inc. (NYSE:WM) in its Q1 2025 investor letter: "Waste Management, Inc. (NYSE:WM), along with other consumer-facing service companies, benefited from investors fleeing risk as uncertainty gripped the markets. The stock is viewed as defensive because its core business is relatively unaffected by an economic slowdown and tariffs." Aerial view of a Waste Management Transfer Station, highlighting the scale of its operations. Waste Management, Inc. (NYSE:WM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 66 hedge fund portfolios held Waste Management, Inc. (NYSE:WM) at the end of the first quarter, which was 67 in the previous quarter. While we acknowledge the potential of Waste Management, Inc. (NYSE:WM) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Waste Management, Inc. (NYSE:WM) and shared the list of best 52-week high stocks to buy according to analysts. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of WM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
10 hours ago
- Business
- Yahoo
Here's Why Cigna Group (CI) Surged in Q1
Parnassus Investments, an investment management company, released the 'Parnassus Core Equity Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The Fund (Investor Shares) fell -2.44% (net of fees) in the quarter, outperforming the S&P 500 Index's -4.27% return. U.S. equities fell in the first quarter, showing a shift from the robust gains of the previous quarter. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Parnassus Core Equity Fund highlighted stocks such as The Cigna Group (NYSE:CI). The Cigna Group (NYSE:CI) is a US-based insurance company that offers insurance and related products and services. The one-month return of The Cigna Group (NYSE:CI) was 1.27%, and its shares lost 5.43% of their value over the last 52 weeks. On June 25, 2025, The Cigna Group (NYSE:CI) stock closed at $316.00 per share, with a market capitalization of $84.417 billion. Parnassus Core Equity Fund stated the following regarding The Cigna Group (NYSE:CI) in its Q1 2025 investor letter: "The Cigna Group (NYSE:CI), a manager of health care plans, benefited from the market's perception that it is a more stable investment option than other health insurance companies in the current environment, given its minimal exposure to federal government spending and relatively low exposure to insurance risk." A hospital technician using a laptop to review health benefit plans of a patient in the ward. The Cigna Group (NYSE:CI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 74 hedge fund portfolios held The Cigna Group (NYSE:CI) at the end of the first quarter, which was 72 in the previous quarter. While we acknowledge the potential of The Cigna Group (NYSE:CI) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered The Cigna Group (NYSE:CI) and shared billionaire Leon Cooperman's stock picks with huge upside potential. The Cigna Group (NYSE:CI) detracted from Parnassus Core Equity Fund's performance in the fourth quarter and 2024. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of CI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
10 hours ago
- Business
- Yahoo
Should You Invest in ServiceNow (NOW)?
Parnassus Investments, an investment management company, released the 'Parnassus Core Equity Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The Fund (Investor Shares) fell -2.44% (net of fees) in the quarter, outperforming the S&P 500 Index's -4.27% return. U.S. equities fell in the first quarter, showing a shift from the robust gains of the previous quarter. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Parnassus Core Equity Fund highlighted stocks such as ServiceNow, Inc. (NYSE:NOW). ServiceNow, Inc. (NYSE:NOW) offers intelligent workflow automation solutions for digital businesses. The one-month return of ServiceNow, Inc. (NYSE:NOW) was -0.99%, and its shares gained 29.84% of their value over the last 52 weeks. On June 25, 2025, ServiceNow, Inc. (NYSE:NOW) stock closed at $1,005.16 per share, with a market capitalization of $208.221 billion. Parnassus Core Equity Fund stated the following regarding ServiceNow, Inc. (NYSE:NOW) in its Q1 2025 investor letter: "We initiated two positions in the Information Technology sector during the quarter: Advanced Micro Devices, a manufacturer of semiconductor devices and electronic components, and ServiceNow, Inc. (NYSE:NOW), which provides software for automating enterprise workflows, after significant share price drawdowns in both cases. As a result of these additions, our underweight in the sector lessened, and our positioning is closer to market weight. A team of software engineers at desks working on code for a cutting-edge cloud computing solution. ServiceNow, Inc. (NYSE:NOW) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 106 hedge fund portfolios held ServiceNow, Inc. (NYSE:NOW) at the end of the first quarter, which was 110 in the previous quarter. While we acknowledge the potential of ServiceNow, Inc. (NYSE:NOW) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered ServiceNow, Inc. (NYSE:NOW) and shared the list of best US tech stocks to buy. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of NOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
12-03-2025
- Business
- Yahoo
Here's What Lifted Investors' Confidence in Amazon.com (AMZN)
Parnassus Investments, an investment management company, released the 'Parnassus Core Equity Fund' fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. In the fourth quarter, U.S. stocks rose, closing up a robust 2024. The Fund (Investor Shares) surged 0.28% (net of fees) in the quarter underperforming the S&P 500 Index's 2.41% return. For the year, the fund returned 18.52% (net of fees) compared to S&P 500 Index's 25.02%. Stocks soared after the U.S. presidential election as investors awaited the incoming administration's business-friendly policies. In addition, please check the fund's top five holdings to know its best picks in 2024. In its fourth quarter 2024 investor letter, Parnassus Core Equity Fund emphasized stocks such as Inc. (NASDAQ:AMZN). Inc. (NASDAQ:AMZN) provides consumer products, advertising, and subscription services through online and physical stores that operate through North America, International, and Amazon Web Services (AWS) segments. The one-month return of Inc. (NASDAQ:AMZN) was -14.13%, and its shares gained 11.35% of their value over the last 52 weeks. On March 11, 2025, Inc. (NASDAQ:AMZN) stock closed at $196.59 per share with a market capitalization of $2.083 trillion. Parnassus Core Equity Fund stated the following regarding Inc. (NASDAQ:AMZN) in its Q4 2024 investor letter: " Inc. (NASDAQ:AMZN) posted better-than-expected quarterly earnings, lifting investor confidence in the e-commerce giant's ability to generate margin while continuing to invest into its large AI and retail end markets. Photo by Sunrise King on Unsplash Inc. (NASDAQ:AMZN) is in first position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 339 hedge fund portfolios held Inc. (NASDAQ:AMZN) at the end of the fourth quarter compared to 286 in the third quarter. In Q4 2024, Inc. (NASDAQ:AMZN) achieved global revenue of $187.8 billion, representing an 11% year-over-year growth excluding the impact of foreign exchange. While we acknowledge the potential of Inc. (NASDAQ:AMZN) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we discussed Inc. (NASDAQ:AMZN) and shared the list of most profitable large cap stocks to buy. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
