From Yahoo Finance: 2025-06-27 10:14:00

Parnassus Investments’ “Parnassus Growth Equity Fund” Q1 2025 investor letter revealed a -8.59% return, outperforming the Russell 1000 Growth Index. Post-election optimism waned due to fiscal and tariff concerns, increasing volatility. Top holdings include SharkNinja, Inc. (NYSE:SN), a home appliance maker with a 1.96% one-month return and $13.273 billion market cap.

Parnassus Growth Equity Fund added SharkNinja, Inc. (NYSE:SN) to its Consumer Discretionary holdings in Q1 2025, citing growth potential through international expansion and portfolio innovation. SharkNinja, Inc. (NYSE:SN) stock closed at $94.11 on June 26, 2025, with a 21.94% gain over 52 weeks. The company focuses on internet names with less supply chain risk.

SharkNinja, Inc. (NYSE:SN) saw a 14.7% increase in net sales to over $1.2 billion in Q1 2025. While hedge funds held 69 portfolios of SharkNinja, Inc. (NYSE:SN), the focus on AI stocks for higher returns is emphasized. Consider undervalued AI stocks like NVIDIA for potential gains.

Read more: Will SharkNinja (SN) be Able to Deliver Durable Above-Industry Growth?