GEV - Parnassus Growth Equity Fund Q1 2025 Commentary
2025-05-14 08:44:00 ET
Summary
- Parnassus Growth Equity Fund (Investor Shares) returned -8.59% (net of fees) for the quarter, faring better than the Russell 1000 Growth Index’s -9.97%.
- Relative outperformance was led by the Consumer Discretionary and Financials sectors, while the Industrials and Communication Services sectors lagged.
- We made several opportunistic portfolio moves during the quarter across sectors, including Information Technology, Industrials, Financials and Consumer Discretionary.
- We continue to maintain a balanced to moderately defensive portfolio while looking to take advantage of attractively priced risks that may result from macroeconomic concerns.
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Parnassus Growth Equity Fund Q1 2025 Commentary