Parnassus Mid Cap Growth Fund’s Q2 2025 investor letter reported a 13.29% return, lower than the Russell Midcap Growth Index’s 18.20%. Industrials and Information Technology sectors impacted performance negatively, while Financials contributed positively. Royal Caribbean Cruises Ltd. (NYSE:RCL) saw a -10.88% one-month return and closed at $327.03 per share on September 24, 2025.

Parnassus Mid Cap Growth Fund invested in Royal Caribbean Cruises Ltd. (NYSE:RCL) within the Consumer Discretionary sector, citing favorable demographic shifts and the company’s differentiation through new ships and private island destinations. The company is viewed as a high-quality major cruise operator, benefitting from demographic trends favoring the industry.

Royal Caribbean Cruises Ltd. (NYSE:RCL) was held by 43 hedge fund portfolios at the end of Q2, down from 57 in the previous quarter. While acknowledging its potential, some AI stocks were seen as offering greater upside potential with lower downside risk. Investors can explore a free report on the best short-term AI stock.

Read more at Yahoo Finance: Will Royal Caribbean Group (RCL) Benefit from Demographic Shifts?