Parnassus Mid Cap Fund Exited Pool Corp. (POOL) Due to Sluggish Demand in the Pool Market

1 hour ago 2

Soumya Eswaran

Tue, March 31, 2026 astatine 9:36 AM CDT 3 min read

Parnassus Investments, an concern absorption company, released the “Parnassus Mid Cap Fund” fourth-quarter 2025 capitalist letter. A transcript of the missive is disposable to download here. The Q4 2025 marked the fund’s consecutive 4th of outperformance, returning 1.17% (net of fees) successful the quarter, surpassing 0.16% instrumentality for the Russell Midcap Index. The show was supported by investments successful the Information Technology sector, arsenic good arsenic holdings successful Utilities. During the quarter, the marketplace started to turn beyond artificial intelligence. YTD, the Fund returned 12.85% (net of fees) compared to 10.60% instrumentality for the index. Looking up to 2026, the Fund is optimistic, arsenic mid-cap stocks whitethorn thrust the marketplace upward if economical maturation continues to grow beyond AI. In the lawsuit of a marketplace decline, the Fund believes that its portfolio of starring companies with coagulated fiscal positions volition supply downside protection. In addition, delight cheque the Fund’s apical 5 holdings to cognize its champion picks successful 2025.

In its fourth-quarter 2025 capitalist letter, Parnassus Mid Cap Fund highlighted stocks similar Pool Corporation (NASDAQ:POOL). Pool Corporation (NASDAQ:POOL) is simply a starring distributor of swimming excavation supplies, equipment, related leisure, irrigation, and scenery attraction products. On March 30, 2026, Pool Corporation (NASDAQ:POOL) banal closed astatine $200.49 per share. One-month instrumentality of Pool Corporation (NASDAQ:POOL) was -15.95%, and its shares fell 37.52% implicit the past 52 weeks. Pool Corporation (NASDAQ:POOL) has a marketplace capitalization of $7.38 billion.

Parnassus Mid Cap Fund stated the pursuing regarding Pool Corporation (NASDAQ:POOL) successful its 4th fourth 2025 capitalist letter:

"We moved connected from Pool Corporation (NASDAQ:POOL), the starring excavation supplies distributor, arsenic the stock’s valuation continues to beryllium higher than different distributors’ contempt the prolonged downturn successful the excavation market. We exited Pool Corp. arsenic we felt its valuation was excessively precocious for its maturation illustration owed to sluggish end-market request for caller pools."

Is Pool Corporation (POOL) the Best Buy-the-Dip Stock to Buy Now?

Pool Corporation (NASDAQ:POOL) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 45 hedge money portfolios held Pool Corporation (NASDAQ:POOL) astatine the extremity of the 4th quarter, up from 41 successful the erstwhile quarter. In Q4 2025, Pool Corporation’s (NASDAQ:POOL) total sales amounted to $982 million, conscionable 1% beneath past year’s level. While we admit the imaginable of Pool Corporation (NASDAQ:POOL) 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.

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