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PARNASSUS FUNDS
fund voting report
- Vote records reported
- 2,982year to 30 June 2026
- Against management
- 11.6%346 of 2,979 marked votes
- Say-on-pay support
- 90.6%for, of for + against + abstain
- Shareholder-proposal support
- 64.3%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
For the year to 30 June 2026, PARNASSUS FUNDS reported 2,982 vote records on Form N-PX. 346 of the 2,979 votes that were marked for or against management went against management: 11.6%, 5.4 percentage points above the median fund registrant (6.2%).
Weighted by the number of shares voted, the against-management share is 12.1%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.
On pay and on shareholder proposals: it voted for 90.6% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 64.3% of the proposals put forward by security holders (the median fund registrant: 27.5%).
By category, votes against management were most frequent in OTHER SOCIAL ISSUES (37.8% of 74), ENVIRONMENT OR CLIMATE (35.9% of 39) and CORPORATE GOVERNANCE (23.1% of 308).
It reported 1.1 million shares out on loan at record dates, 0.12% of the shares it held or had lent across the meetings it reported. Shares on loan are not voted.
Compared with other filers
Each rate is defined once, in the methodology. The median is taken over 1,241 fund registrants with at least 25 vote records in the season.
| year to 30 June 2026 | This filer | Median fund registrant | All filers pooled |
|---|---|---|---|
| Against-management share | 11.6% | 6.2% | 10.6% |
| Say-on-pay support rate | 90.6% | 91.6% | 86.0% |
| Shareholder-proposal support rate | 64.3% | 27.5% | 33.9% |
| Shares on loan, share of shares held | 0.12% | 0.00% | 3.12% |
| Largest families, year to 30 June 2026 | Against management | Say-on-pay support | Shareholder-proposal support |
|---|---|---|---|
| Vanguard | 20.1% | 94.1% | 42.0% |
| BlackRock and iShares | 7.5% | 88.3% | 11.9% |
| Fidelity | 6.0% | 94.7% | 27.6% |
| Dimensional | 16.4% | 78.9% | 57.4% |
| State Street and SPDR | 16.9% | 77.1% | 50.4% |
Votes by category
Filers choose one or more categories for each vote, so a vote can appear in more than one row. Category names are printed as Form N-PX defines them.
| Category (as the form names it) | Votes | For | Against | Against management | Split |
|---|---|---|---|---|---|
| DIRECTOR ELECTIONS | 1,808 | 1,646 | 97 | 8.9% | |
| SECTION 14A SAY-ON-PAY VOTES | 183 | 154 | 16 | 8.7% | |
| AUDIT-RELATED | 232 | 222 | 10 | 4.3% | |
| INVESTMENT COMPANY MATTERS | 1 | 1 | 0 | 0.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 15 | 10 | 5 | 33.3% | |
| EXTRAORDINARY TRANSACTIONS | 8 | 7 | 1 | 12.5% | |
| CAPITAL STRUCTURE | 189 | 176 | 13 | 9.0% | |
| COMPENSATION | 161 | 135 | 26 | 17.4% | |
| CORPORATE GOVERNANCE | 308 | 279 | 25 | 23.1% | |
| ENVIRONMENT OR CLIMATE | 39 | 18 | 20 | 35.9% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 14 | 12 | 2 | 57.1% | |
| DIVERSITY, EQUITY, AND INCLUSION | 20 | 5 | 15 | 5.0% | |
| OTHER SOCIAL ISSUES | 74 | 39 | 33 | 37.8% | |
| OTHER | 2 | 0 | 2 | not reported |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 2,262 | 22.9% | 79.2% | 60.9% | |
| year to 30 June 2025 | 2,203 | 18.2% | 77.3% | 59.5% | |
| year to 30 June 2026 | 2,982 | 11.6% | 90.6% | 64.3% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, PARNASSUS FUNDS voted against management on 11 of the 119 it marked either way (9.2%) in the year to 30 June 2026.
- Alphabet Inc. 5 Jun 2026
- Broadcom Inc. 20 Apr 2026
- Oracle Corporation 18 Nov 2025
- UnitedHealth Group Incorporated 1 Jun 2026
- Thermo Fisher Scientific Inc. 20 May 2026
- Salesforce, Inc. 28 May 2026
- Citigroup Inc. 20 May 2026
- The Bank of New York Mellon Corporation 14 Apr 2026
- Cloudflare, Inc. 30 Jun 2026
- Atlassian Corporation 2 Dec 2025
- Procore Technologies, Inc. 4 Jun 2026
Shareholder proposals it supported
Of 105 proposals from security holders that could be told apart in the filings and on which it cast a vote, PARNASSUS FUNDS voted for 67 (63.8%). The 40 at the companies with the most reporting filers are listed. Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.
| Company | Meeting | Proposal |
|---|---|---|
| Microsoft Corporation | 5 Dec 2025 | Report on Human Rights Due Diligence |
| Microsoft Corporation | 5 Dec 2025 | Report on Al and Machine Learning Tools for Oil and Gas Development and Production |
| Microsoft Corporation | 5 Dec 2025 | Report on Data Operations in Human Rights Hotspots |
| Amazon.com, Inc. | 20 May 2026 | Shareholder proposal requesting a mandatory independent board chair policy |
| Amazon.com, Inc. | 20 May 2026 | Shareholder proposal requesting additional reporting on impact of data centers on climate commitments |
| NVIDIA Corporation | 24 Jun 2026 | Approval of a non-binding stockholder proposal requesting reporting on greenhouse gas emissions from the... |
| NVIDIA Corporation | 24 Jun 2026 | Approval of a non-binding stockholder proposal requesting the replacement of supermajority voting... |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding a report on AI data usage oversight |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding a report on AI-generated misinformation |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding a report on data privacy |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding a report on water usage and AI development |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding AI Board oversight |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding equal shareholder voting |
| Alphabet Inc. | 5 Jun 2026 | Shareholder proposal regarding an enhanced disclosure on climate goals |
| Visa Inc. | 27 Jan 2026 | Shareholder proposal on shareholder right to act by written consent. |
| Visa Inc. | 27 Jan 2026 | Shareholder proposal on report on online sexual exploitation. |
| JPMorgan Chase & Co. | 19 May 2026 | Independent board chairman |
| JPMorgan Chase & Co. | 19 May 2026 | Lobbying alignment |
| Mastercard Incorporated | 16 Jun 2026 | Consideration of a stockholder proposal regarding shareholder right to act by written consent |
| Eli Lilly and Company | 4 May 2026 | Shareholder proposal to prepare an annual lobbying report. |
| Eli Lilly and Company | 4 May 2026 | Shareholder proposal to adopt a policy and amend the bylaws to require an independent board chair. |
| Netflix, Inc. | 4 Jun 2026 | Stockholder proposal entitled, "Proposal 4 - Shareholder Right to Act by Written Consent," |
| The Home Depot, Inc. | 21 May 2026 | Shareholder Proposal Regarding Biodiversity Impact and Dependency Assessment |
| The Home Depot, Inc. | 21 May 2026 | Shareholder Proposal Regarding Report on Customer Data Privacy Risks |
| The Home Depot, Inc. | 21 May 2026 | Shareholder Proposal Regarding Report on Packaging Policies for Plastics |
| The Home Depot, Inc. | 21 May 2026 | Shareholder Proposal Regarding Independent Board Chair |
| The Home Depot, Inc. | 21 May 2026 | Shareholder Proposal Regarding Report on Sufficiency of Associates' Access to Healthcare |
| Walmart Inc. | 4 Jun 2026 | Report on Workplace Health and Safety Governance |
| Walmart Inc. | 4 Jun 2026 | Human rights or human capital/workforce |
| Walmart Inc. | 4 Jun 2026 | Report on Immigration Policy & Enforcement |
| UnitedHealth Group Incorporated | 1 Jun 2026 | If properly presented at the 2026 Annual Meeting of Shareholders, the shareholder proposal requesting the... |
| Advanced Micro Devices, Inc. | 13 May 2026 | Stockholder proposal requesting changes to the stockholder right to call a special meeting. |
| Verizon Communications Inc. | 21 May 2026 | Board oversight of material issues related to climate change |
| Intel Corporation | 13 May 2026 | Oversee Independent Review and Report on Human Rights Due Diligence Process |
| Intel Corporation | 13 May 2026 | Stockholder proposal requesting an enduring policy separating the Chair and CEO roles. |
| Linde Plc | 29 Jul 2025 | A shareholder proposal requesting an annual report regarding the alignment of the Company's direct and... |
| S&P Global Inc. | 20 May 2026 | Vote on a shareholder proposal to reduce the stock ownership threshold for calling a special shareholder... |
| Deere & Company | 25 Feb 2026 | Shareholder proposal on shareholder right to act by written consent |
| Micron Technology, Inc. | 15 Jan 2026 | Reduce Ownership Threshold for Shareholders to Call Special Meeting |
| Lam Research Corporation | 4 Nov 2025 | Stockholder proposal titled "Realistic Shareholder Ability to Call for a Special Shareholder Meeting," |
Shares on loan
PARNASSUS FUNDS reported 1.1 million shares on loan at record dates against 859.5 million shares voted: 0.12% of the two together. Median fund registrant: 0.00%. Shares lent out at the record date cannot be voted by the lender, which is why Form N-PX asks for the figure. More on lending and votes.
Fund series in this filing
5 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.
| Series | Vote records | Against management | Say-on-pay support | Shareholder-proposal support |
|---|---|---|---|---|
| Parnassus International Equity Fund | 829 | 5.1% | 100.0% | not reported |
| Parnassus Value Equity Fund | 638 | 14.5% | 82.5% | 62.1% |
| Parnassus Mid Cap Fund | 549 | 9.3% | 95.3% | 75.0% |
| Parnassus Growth Equity Fund | 500 | 20.8% | 85.3% | 62.5% |
| Parnassus Mid Cap Growth Fund | 466 | 12.2% | 95.6% | 83.3% |
The filings
These figures are read from the filer's own Form N-PX. If a vote on this page looks wrong, the filing is the record: a dispute about a filed vote is a matter for the filer, and an error in how this site read the filing is a matter for corrections.
- N-PX filed 20 Aug 2026 accession 0001193125-26-358191
- Every N-PX filing by this filer on EDGAR
Questions
How did PARNASSUS FUNDS vote on executive pay?
In the year to 30 June 2026 PARNASSUS FUNDS reported 170 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 154 were for (90.6%), 16 against and 0 abstentions. Counting one item per company meeting, it voted against management on 11 of the 119 say-on-pay items it marked either way.
How often does PARNASSUS FUNDS vote against management?
11.6% of the time in the year to 30 June 2026: 346 of the 2,979 votes it marked as for or against management. Form N-PX asks each filer to state, vote by vote, whether the vote was for or against management's recommendation; this figure counts those marks.
Did PARNASSUS FUNDS support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 33 votes on proposals from security holders in the year to 30 June 2026 and voted for 13 of them (39.4%). Across every category it voted for 64.3% of security-holder proposals. Filers choose the category for each vote, so the same proposal can sit in different categories in different filings.
Is this the result of the meetings?
No. Form N-PX shows how this filer voted the shares it held. It does not show how other shareholders voted or whether a proposal was approved. Companies report certified results separately, on Form 8-K.
Where does the data come from?
From the Form N-PX filings of this filer on the SEC's EDGAR system, read as filed. The SEC does not verify the contents. Amended filings (N-PX/A) replace the filings they amend. Data on this page runs through 23 Sep 2026.
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings by PARNASSUS FUNDS (filer no. 747546), read as filed and not verified by the SEC. Amended filings replace the filings they amend. Filings read through 23 Sep 2026; page built 26 Sep 2026.