Parnassus Core Equity Dumps Salesforce, Bets on GE Vernova for AI Power Demand — BigGo Finance
Parnassus Investments said it exited Salesforce (CRM) in Q2 2026 and started a new position in GE Vernova (GEV), citing less attractive valuations and weaker pricing dynamics for horizontal software, and expecting durable AI power demand for GE Vernova. The Core Equity Fund returned 16.83% in Q2 2026 versus the S&P 500’s 15.20%.
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