Here’s Why Apple (AAPL) is on the Detractors List of Parnassus Core Equity Fund

1 week ago 8

Soumya Eswaran

Tue, December 23, 2025 astatine 7:14 AM CST 2 min read

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.

Prediction Market powered by

In its third-quarter 2025 capitalist letter, Parnassus Core Equity Fund highlighted stocks specified arsenic Apple Inc. (NASDAQ:AAPL). Apple Inc. (NASDAQ:AAPL) is an American multinational institution that designs, manufactures, and markets smartphones, idiosyncratic computers, tablets, wearables, and accessories. The one-month instrumentality of Apple Inc. (NASDAQ:AAPL) was -2.17%, and its shares gained 4.95% of their worth implicit the past 52 weeks. On December 22, 2025, Apple Inc. (NASDAQ:AAPL) banal closed astatine $270.97 per share, with a marketplace capitalization of $4.021 trillion.

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

"Apple Inc. (NASDAQ:AAPL) posted beardown show for the quarter, truthful the Fund’s below-benchmark vulnerability made it a comparative detractor. Lack of excitement astir merchandise cycles weighed connected the banal earlier successful the year, but capitalist assurance roseate aft Apple announced beardown fiscal-third 4th results, including higher-than-expected iPhone sales."

Apple (AAPL) Target Raised arsenic Jefferies Sees Stronger iPhone Demand

Apple Inc. (NASDAQ:AAPL) is successful 8th presumption connected our database of 30 Most Popular Stocks Among Hedge Funds. As per our database, 166 hedge money portfolios held Apple Inc. (NASDAQ:AAPL) astatine the extremity of the 3rd quarter, which was 156 successful the erstwhile quarter. Apple Inc. (NASDAQ:AAPL) reported revenue of $102.5 cardinal successful the September quarter, reflecting an 8% year-over-year increase. While we admit the imaginable of Apple Inc. (NASDAQ:AAPL) 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 Apple Inc. (NASDAQ:AAPL) and shared the database of stocks Jim Cramer discussed recently. In addition, delight cheque retired our hedge money capitalist letters Q3 2025 page for much capitalist letters from hedge funds and different starring investors.