Parnassus Core Equity Fund Sold Intuit (INTU) After Share Price Appreciation

Parnassus Investments, an concern absorption company, released the “Parnassus Core Equity Fund” third-quarter 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. The S&P 500 Index surged successful the 3rd quarter, driven by capitalist optimism that grew connected expectations of monetary easing, beardown user demand, and coagulated firm earnings. The Fund (Investor Shares) returned 2.57% (net of fees) successful the quarter, trailing the S&P 500 Index’s 8.12% return. YTD, the money returned 9.89% compared to 14.83% for the index. In addition, delight cheque the fund’s apical 5 holdings to cognize its champion picks successful 2025.

In its third-quarter 2025 capitalist letter, Parnassus Core Equity Fund highlighted stocks specified arsenic Intuit Inc. (NASDAQ:INTU). Intuit Inc. (NASDAQ:INTU) offers fiscal absorption and compliance products and services. The one-month instrumentality of Intuit Inc. (NASDAQ:INTU) was 4.19%, and its shares gained 4.64% of their worth implicit the past 52 weeks. On December 22, 2025, Intuit Inc. (NASDAQ:INTU) banal closed astatine $675.21 per share, with a marketplace capitalization of $187.977 billion.

Parnassus Core Equity Fund stated the pursuing regarding Intuit Inc. (NASDAQ:INTU) successful its 3rd 4th 2025 capitalist letter:

"In the IT sector, we sold Intuit aft beardown show to fastener successful gains and displacement superior to higher-conviction and more-defensive positions successful the portfolio. We sold Intuit Inc. (NASDAQ:INTU) to fastener successful gains pursuing outperformance, portion adding to Salesforce and Workday, resulting successful a flimsy trim to our wide bundle allocation but a absorption connected higher-conviction names."

Intuit Inc (NASDAQ:INTU) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. As per our database, 96 hedge money portfolios held Intuit Inc. (NASDAQ:INTU) astatine the extremity of the 3rd quarter, which was 105 successful the erstwhile quarter. In the archetypal 4th of fiscal 2026, Intuit Inc. (NASDAQ:INTU) reported revenue of $3.9 billion, representing an summation of 18% year-over-year. While we admit the imaginable of Intuit Inc. (NASDAQ:INTU) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

In another article, we covered Intuit Inc. (NASDAQ:INTU) and shared Magellan Global Fund's views connected the company. In addition, delight cheque retired our hedge money capitalist letters Q3 2025 page for much capitalist letters from hedge funds and different starring investors.