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Health Care sector drives Parnassus Mid Cap Growth Fund's outperformance in Q3 2026

Company Fundamentals
29 Oct 2026, 18:05 WIB
Seeking Alpha
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Bullish
Health Care sector drives Parnassus Mid Cap Growth Fund's outperformance in Q3 2026

The Parnassus Mid Cap Growth Fund returned -5.21% in Q3 2026, outperforming the Russell Midcap Growth Index's -5.84%. Strong returns from Health Care holdings were the main driver, while Information Technology and an underweight position in Energy detracted from performance. Year-to-date, the fund gained 5.80%, beating the index's 1.01%. The fund also reduced exposure to Consumer Discretionary and housing sectors during the quarter.

The Parnassus Mid Cap Growth Fund's Q3 2026 performance is provided here as market context. For readers following Health Care stocks, 126 of 150 priced US Health-sector stocks on Pluang rose today. Notable movers include Merck & Co., Inc. at USD 148.52 with a 1-day change of +5.24%, Moderna, Inc. at USD 224.12 with +4.65%, and Biogen Inc at USD 255.01 with +4.49%, as of Oct 29, 2026 20:51 WIB.

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