Parnassus Investments, an investment management company, released the “Parnassus Core Equity Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The S&P 500 Index surged in the third quarter, driven by investor optimism that grew on expectations of monetary easing, strong consumer demand, and solid corporate earnings. The Fund (Investor Shares) returned 2.57% (net of fees) in the quarter, trailing the S&P 500 Index’s 8.12% return. YTD, the fund returned 9.89% compared to 1 ...