Parnassus Investments released its third-quarter 2025 investor letter for the Parnassus Value Equity Fund, reporting a net return of 7.46% outperforming the Russell 1000 Value Index. The fund reduced its IT sector weight to increase holdings in Health Care. Top 5 holdings are listed, including D.R. Horton, Inc. (NYSE:DHI).

D.R. Horton, Inc. (NYSE:DHI) saw a one-month return of 10.69% and closed at $152.00 per share on December 17, 2025. Parnassus Value Equity Fund highlighted D.R. Horton, Inc. (NYSE:DHI) in its investor letter, noting a strategic shift from homebuilding to home improvement for better risk-adjusted returns.

Despite its performance, D.R. Horton, Inc. (NYSE:DHI) is not among the 30 most popular stocks among hedge funds. However, 61 hedge fund portfolios held the stock at the end of the third quarter. Parnassus Value Equity Fund transitioned from D.R. Horton, Inc. (NYSE:DHI) to Home Depot for better risk-adjusted returns in the home improvement industry.

Read more at Yahoo Finance: Parnassus Value Equity Fund Sold D.R. Horton (DHI) for Strategic Reorientation