Parnassus Mid Cap Growth Fund's Q2 2025 Performance and SharkNinja (SN) Analysis
Parnassus Investments recently released the second quarter 2025 investor letter for its Parnassus Mid Cap Growth Fund. The fund's performance and its holdings, particularly SharkNinja, Inc. (NYSE:SN), are highlighted in the letter.
Fund Performance and Sector Impact
The Parnassus Mid Cap Growth Fund (Investor Shares) achieved a net-of-fees return of 13.29% in the second quarter of 2025, falling short of the Russell Midcap Growth Index’s 18.20% return. Stock selection in the Industrials and Information Technology sectors negatively impacted the fund's performance. Conversely, holdings in the Financials sector contributed positively. Investors can download a copy of the full letter to view the fund's top five holdings and best picks for 2025.
SharkNinja, Inc. (NYSE:SN) Spotlight
The investor letter specifically discusses SharkNinja, Inc. (NYSE:SN), a product design and technology company specializing in cleaning, cooking, beverage, food preparation, and beauty appliances. While SharkNinja's one-month return was -7.41%, its shares gained 1.55% over the past 52 weeks. As of September 24, 2025, SharkNinja, Inc. (NYSE:SN) closed at $107.64 per share, with a market capitalization of $15.192 billion.
Parnassus's Perspective on SharkNinja's Growth Potential
The Parnassus Mid Cap Growth Fund expressed optimism regarding SharkNinja's future prospects in the investor letter:
"We also invested in SharkNinja, Inc. (NYSE:SN), a global household products company that has been a consistent innovator across several categories including cleaning, cooking and beauty. We think the company has a long runway for growth driven by share gains in existing categories, expansion into new categories and international growth. SharkNinja has consistently designed innovative products across several consumer categories including cleaning, cooking, food preparation and beauty. We think the company has a long runway for growth driven by share gains in its existing categories, expansion into new categories and international growth."
Hedge Fund Interest and Alternative Investment Opportunities
Although SharkNinja, Inc. (NYSE:SN) is not among the 30 Most Popular Stocks Among Hedge Funds, the article mentions that 65 hedge fund portfolios held SharkNinja, Inc. (NYSE:SN) at the end of the second quarter, a slight decrease from 69 in the previous quarter. While acknowledging SharkNinja's potential, the report suggests that certain AI stocks may offer greater upside potential and reduced downside risk. The article directs readers to a free report featuring an undervalued AI stock potentially benefiting from tariffs and onshoring trends.
