Here’s Why Parnassus Value Equity Fund Sold Airbnb (ABNB)

1 week ago 13

Soumya Eswaran

Thu, December 18, 2025 astatine 8:22 AM CST 2 min read

Parnassus Investments, an concern absorption firm, released its “Parnassus Value Equity Fund” third-quarter 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. The money focuses connected owning a concentrated portfolio of U.S. large-cap stocks. For the 3rd 4th of 2025, the money reported a nett instrumentality of 7.46% outperforming its benchmark, the Russell 1000 Value Index, which returned 5.33% for the aforesaid period. During the quarter, the portfolio reduced its value successful the IT assemblage to summation holdings successful the Health Care sector. The fund’s apical 5 holdings are besides listed successful the letter, showing the firm’s main concern positions heading into 2025.

In its third-quarter 2025 capitalist letter, Parnassus Value Equity Fund highlighted stocks specified arsenic Airbnb, Inc. (NASDAQ:ABNB). Headquartered successful San Francisco, California, Airbnb, Inc. (NASDAQ:ABNB) operates a level that connects hosts and guests. The one-month instrumentality of Airbnb, Inc. (NASDAQ:ABNB) was 19.94%, and its shares gained 3.42% of their worth implicit the past 52 weeks. On December 17, 2025, Airbnb, Inc. (NASDAQ:ABNB) banal closed astatine $133.78 per share, with a marketplace capitalization of $81.905 billion.

Parnassus Value Equity Fund stated the pursuing regarding Airbnb, Inc. (NASDAQ:ABNB) successful its 3rd 4th 2025 capitalist letter:

"We judge Airbnb, Inc.'s (NASDAQ:ABNB) caller initiatives could make a structural resistance connected margins and are improbable to make meaningful gross maturation wrong our concern horizon. We person chosen to reallocate superior toward stocks successful which we person higher conviction."

Airbnb Inc (ABNB) Comes From An "Era" Of Winners, Says Jim Cramer

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