Clients
Parnassus Investments serves 30 clients, 9 of them pension and profit-sharing plans. The average client has about $1.37 billion with the firm, and high-net-worth clients hold 1% of its $41.1 billion in assets.
- Investment companies8 clients83%
- Pooled investment vehicles3 clients8%
- Pension and profit-sharing plans9 clients6%
- OtherHigh-net-worth individuals, Charitable organizations, State or municipal government entities, Sovereign wealth funds and foreign official institutions, Corporations and other businesses3%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 1 | $239,715,906 | 0.6% | $239.7M |
| Investment companies | 8 | $34,127,125,627 | 83.0% | $4.27B |
| Pooled investment vehicles | 3 | $3,379,495,939 | 8.2% | $1.13B |
| Pension and profit-sharing plans | 9 | $2,276,840,849 | 5.5% | $253.0M |
| Charitable organizations | 6 | $357,606,901 | 0.9% | $59.6M |
| State or municipal government entities | 1 | $266,591,324 | 0.6% | $266.6M |
| Sovereign wealth funds and foreign official institutions | 1 | $430,991,042 | 1.0% | $431.0M |
| Corporations and other businesses | 1 | $16,183,933 | 0.0% | $16.2M |
| Total | 30 | $41,094,551,521 | 100% | $1.37B |
- Clients
- 1
- Regulatory AUM
- $239,715,906
- Share
- 0.6%
- Avg. per client
- $239.7M
- Clients
- 8
- Regulatory AUM
- $34,127,125,627
- Share
- 83.0%
- Avg. per client
- $4.27B
- Clients
- 3
- Regulatory AUM
- $3,379,495,939
- Share
- 8.2%
- Avg. per client
- $1.13B
- Clients
- 9
- Regulatory AUM
- $2,276,840,849
- Share
- 5.5%
- Avg. per client
- $253.0M
- Clients
- 6
- Regulatory AUM
- $357,606,901
- Share
- 0.9%
- Avg. per client
- $59.6M
- Clients
- 1
- Regulatory AUM
- $266,591,324
- Share
- 0.6%
- Avg. per client
- $266.6M
- Clients
- 1
- Regulatory AUM
- $430,991,042
- Share
- 1.0%
- Avg. per client
- $431.0M
- Clients
- 1
- Regulatory AUM
- $16,183,933
- Share
- 0.0%
- Avg. per client
- $16.2M
Total
- Clients
- 30
- Regulatory AUM
- $41,094,551,521
- Share
- 100%
- Avg. per client
- $1.37B
What it does
Parnassus Investments provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets.
Parnassus Investments advises no private funds.
100.0% of assets ($41.09B across 30 accounts) are managed with discretion. 13% of clients are outside the U.S., and 12 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks98%
- Cash2%
Custodians
Parnassus Investments’ client accounts are held mainly at Northern Trust, with 2% of managed assets, and BNP Paribas Securities Services, with 1%. Parnassus Investments does not have custody of client assets.
- FidelityFidelity Management Trust Company · Boston, MA · $407.0M1%
- BNP Paribas Securities ServicesBNP Paribas Securities Services · Singapore · $431.0M1%
- Caisse Des Depots Et ConsignationsCaisse Des Depots Et Consignations · Paris · $373.5M1%
- Northern TrustNorthern Trust Corporation · Chicago, IL · $796.7M2%
- All other custodians$39.09B95%
Ownership and leadership
Gallium Acquisition LLC owns 50% to 75% of Parnassus Investments.
- Owns 50% to 75% of Parnassus Investments, LLC
Gallium Acquisition LLC
Control person · since October 2021
- Owns 75% or more of Gallium Acquisition LLC
JSP Acquisition LLC
Control person · since May 2021
- Owns 75% or more of JSP Acquisition LLC
Affiliated Managers Group, Inc.
Control person · since November 2020
- Owns 10% to 25% of Parnassus Investments, LLC
Benjamin Allen
Control person · since October 2021
- Owns 5% to 10% of Parnassus Investments, LLC
Todd Ahlsten
Control person · since October 2021
Leadership
- Todd AhlstenExecutive Vice President, CIO and Member of Management Committee
- Benjamin AllenPresident, CEO and Member of Management Committee
- Marc MahonExecutive Vice President, CFO, COO and Member of Management Committee
- John SkidmoreChief Compliance Officer
- Nikhil SinhaChief Marketing Officer, Member of Management Committee
Staff
- 87 employees
- 28 in advisory functions
- 11 state-registered reps
- 17 broker-dealer reps
- 3 soliciting firms
Reported holdings
Parnassus Investments’ reported 13F holdings total $37.45B across 135 positions, and the ten largest make up 39.8% of it.
- $37.45B
- Reported 13F value
- 135
- Positions
- 39.8%
- In the 10 largest
- +9.7%
- Value vs. prior quarter
- Alphabet Inc. · Cap Stk CL A5.2%
- Applied Matls Inc.4.9%
- Microsoft Corp.4.7%
- Nvidia Corporation4.5%
- Amazon Com Inc.4.4%
- Advanced Micro Devices Inc.3.6%
- KLA Corp.3.5%
- Apple Inc.3.3%
- Waste Mgmt Inc. Del2.9%
- Deere & CO2.8%
Together, the ten largest are 39.8% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $37.45B is not its $41.09B in regulatory assets and does not represent any individual client's portfolio.
Fees
Parnassus Investments is paid through a percentage of assets under management.
Parnassus Investments’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Parnassus Investments has 0 offices, with 1 listed address in 1 state.
California · 1 listed address
- 1 Market Street, Suite 1600, San FranciscoHQ
Registration details
- Legal name
- Parnassus Investments, LLC
- Headquarters
- 1 Market Street, Suite 1600, San Francisco, CA 94105
- Phone
- 415-778-0200
- Website
- www.parnassus.com
- SEC file
- 801-122618
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Parnassus Investments have?
Parnassus Investments has 30 clients and manages $41.1 billion for them, as of September 2026. They include 9 pension and profit-sharing plans, 8 investment companies and 6 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 15 September 2026
What services does Parnassus Investments offer?
Parnassus Investments provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Parnassus Investments use?
Parnassus Investments’ separately managed account assets are held at Northern Trust Corporation (Chicago, IL), with $796,669,249, BNP Paribas Securities Services (Singapore), with $430,991,042, Fidelity Management Trust Company (Boston, MA), with $407,045,767 and Caisse Des Depots Et Consignations (Paris), with $373,461,075. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 15 September 2026
How many financial advisors does Parnassus Investments have?
Parnassus Investments has 11 investment adviser representatives registered with state securities authorities, out of 87 employees, and 28 perform investment advisory functions. 17 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Parnassus Investments invest in?
At the end of its last fiscal year, Parnassus Investments’ separately managed accounts held 98% exchange-traded equities and 2% cash and equivalents. It advises no private funds of its own.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Parnassus Investments?
Parnassus Investments is owned through a chain of holding companies by Affiliated Managers Group, Inc. Its direct owners are Todd Ahlsten (5% to 10%), Gallium Acquisition LLC (50% to 75%) and Benjamin Allen (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 15 September 2026
How does Parnassus Investments get paid?
Parnassus Investments is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file