Parnassus Core Equity Fund Reestablished a Position in BILL Holdings (BILL). Here’s Why

23 hours ago 3

Soumya Eswaran

Thu, January 8, 2026 astatine 8:30 AM CST 2 min read

Parnassus Investments, an concern absorption company, released the “Parnassus Mid Cap Fund” third-quarter 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. Following a robust 2nd 4th successful which markets rebounded from the sell-off, the Russell Mid Cap Index continued to rise, delivering awesome returns for the quarter. The Fund (Investor Shares) returned 5.49% (net of fees) successful the quarter, compared to a 5.33% instrumentality for the Russell Midcap 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 BILL Holdings, Inc. (NYSE:BILL). BILL Holdings, Inc. (NYSE:BILL) provides cloud-based bundle solutions to simplify, digitize, and automate analyzable back-office fiscal operations. The one-month instrumentality of BILL Holdings, Inc. (NYSE:BILL) was 16.66%, and its shares mislaid 45.78% of their worth implicit the past 52 weeks. On December 03, 2025, BILL Holdings, Inc. (NYSE:BILL) banal closed astatine $51.76 per share, with a marketplace capitalization of $5.196 billion.

Parnassus Core Equity Fund stated the pursuing regarding BILL Holdings, Inc. (NYSE:BILL) successful its 3rd 4th 2025 capitalist letter:

"We reinitiated a presumption successful BILL Holdings, Inc. (NYSE:BILL), a category-leading fiscal operations level successful the immense and underpenetrated marketplace for tiny and medium-sized businesses. We judge determination is meaningful country for gross acceleration arsenic much tiny and medium-sized businesses digitize back-office workflows, and absorption is refocusing connected operating borderline improvement. The institution benefits from a wide moat driven by its organisation partnerships, web effects with thousands of accounting firms and relationships with starring fiscal institutions. BILL's ample and underpenetrated addressable marketplace provides a agelong runway for growth, and we took vantage of buying the banal astatine a compelling valuation."

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