Parnassus Investments released its third-quarter 2025 investor letter, highlighting a 2.57% return for the Parnassus Core Equity Fund, trailing the S&P 500 Index’s 8.12% return. The fund returned 9.89% YTD compared to the index’s 14.83%. Check the fund’s top five holdings for insights into their best picks in 2025.

In the same letter, Parnassus Core Equity Fund mentioned Intuit Inc. (NASDAQ:INTU), a financial management and compliance company with a one-month return of 4.19%. On December 22, 2025, Intuit Inc. (NASDAQ:INTU) closed at $675.21 per share, with a market cap of $187.977 billion.

According to Parnassus Core Equity Fund’s investor letter, they sold Intuit Inc. (NASDAQ:INTU) after strong performance to shift capital to higher-conviction and more-defensive positions in the portfolio, focusing on higher-conviction names like Salesforce and Workday.

Intuit Inc. (NASDAQ:INTU) is not among the 30 most popular stocks among hedge funds, with 96 hedge fund portfolios holding the stock at the end of the third quarter. In fiscal Q1 2026, Intuit Inc. (NASDAQ:INTU) reported revenue of $3.9 billion, up 18% YoY. While acknowledging its potential, some believe certain AI stocks offer greater upside potential with less downside risk.

Read more at Yahoo Finance: Parnassus Core Equity Fund Sold Intuit (INTU) After Share Price Appreciation