Parnassus Mid Cap Growth Fund - Institutional PFPRX

Medalist Rating as of | See Parnassus Investment Hub
  • NAV / 1-Day Return 56.71  /  −1.05 %
  • Total Assets 795.0M
  • Adj. Expense Ratio
    0.680%
  • Expense Ratio 0.680%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Mid-Cap Growth
  • Investment Style Mid Growth
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 0.00
  • Turnover 62%

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 12:11 AM GMT+0

Morningstar’s Analysis PFPRX

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Parnassus Mid Cap Growth Comanager to Depart; Ratings Unchanged

null Stephen Welch

Stephen Welch

Analyst Note

Parnassus announced that Robert Klaber, a comanager on Parnassus Mid Cap Growth, stepped off the fund on June 11 and will depart the firm at the end of the month. Klaber had spent more than 14 years at the firm and had managed the strategy for more than 10 years alongside lead manager Ian Sexsmith. Sexsmith, who has steered the strategy since 2013, remains and provides stability. The firm also added Shivani Vohra as a comanager. Vohra has comanaged Parnassus Growth Equity, the firm’s large-cap growth strategy, since its late 2022 inception, so this mid-growth charge is well within her wheelhouse. While Klaber’s departure on short notice is disappointing, Vohra’s addition, Sexsmith’s leadership, and the broader support of the Parnassus team ensure that the strategy’s resources are still in good shape. Accordingly, the strategy’s Above Average People rating and Morningstar Medalist Ratings remain intact.

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Portfolio Holdings PFPRX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 33.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Teradyne Inc

4.46 38M
Technology

Datadog Inc Class A

3.99 34M
Technology

Rockwell Automation Inc

3.55 30M
Industrials

KLA Corp

3.54 30M
Technology

W.W. Grainger Inc

3.39 29M
Industrials

Quanta Services Inc

2.97 25M
Industrials

StandardAero Inc

2.90 25M
Industrials

Hubbell Inc

2.87 24M
Industrials

Monolithic Power Systems Inc

2.85 24M
Technology

Hilton Worldwide Holdings Inc

2.85 24M
Consumer Cyclical

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