Parnassus Mid Cap Fund Sold Fidelity National Information Services (FIS) Due to Reduced Conviction in Its Long-Term Structural Growth

2 days ago 3

Soumya Eswaran

Tue, March 31, 2026 astatine 9:40 AM CDT 3 min read

Parnassus Investments, an concern absorption company, released the “Parnassus Mid Cap Fund” fourth-quarter 2025 capitalist letter. A transcript of the missive is disposable to download here. The Q4 2025 marked the fund’s consecutive 4th of outperformance, returning 1.17% (net of fees) successful the quarter, surpassing 0.16% instrumentality for the Russell Midcap Index. The show was supported by investments successful the Information Technology sector, arsenic good arsenic holdings successful Utilities. During the quarter, the marketplace started to turn beyond artificial intelligence. YTD, the Fund returned 12.85% (net of fees) compared to 10.60% instrumentality for the index. Looking up to 2026, the Fund is optimistic, arsenic mid-cap stocks whitethorn thrust the marketplace upward if economical maturation continues to grow beyond AI. In the lawsuit of a marketplace decline, the Fund believes that its portfolio of starring companies with coagulated fiscal positions volition supply downside protection. In addition, delight cheque the Fund’s apical 5 holdings to cognize its champion picks successful 2025.

In its fourth-quarter 2025 capitalist letter, Parnassus Mid Cap Fund highlighted stocks similar Fidelity National Information Services, Inc. (NYSE:FIS). Fidelity National Information Services, Inc. (NYSE:FIS) is simply a multinational fiscal exertion institution that provides solutions to fiscal institutions, businesses, and developers. On March 30, 2026, Fidelity National Information Services, Inc. (NYSE:FIS) closed astatine $47.45 per share. One-month instrumentality of Fidelity National Information Services, Inc. (NYSE:FIS) was -5.61%, and its shares mislaid 36.37% implicit the past 52 weeks. Fidelity National Information Services, Inc. (NYSE:FIS) has a marketplace capitalization of $24.572 billion.

Parnassus Mid Cap Fund stated the pursuing regarding Fidelity National Information Services, Inc. (NYSE:FIS) successful its 4th fourth 2025 capitalist letter:

"Fidelity National Information Services, Inc. (NYSE:FIS) shares detracted owed to concerns that its maturation complaint is declining owed to rising terms strength and less slope relationship openings. Fidelity National offers a broad suite of exertion and outsourcing services to facilitate fiscal transactions and operations. We exited Fidelity National fixed our reduced condemnation successful its agelong word structural maturation prospects."

Among Billionaire Mason Hawkins’ Mid-Cap Stocks with Huge Upside Potential

Fidelity National Information Services, Inc. (NYSE:FIS) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 57 hedge money portfolios held Fidelity National Information Services, Inc. (NYSE:FIS) astatine the extremity of the 4th quarter, the aforesaid arsenic successful the erstwhile quarter. While we admit the imaginable of Fidelity National Information Services, Inc. (NYSE:FIS) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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