Parnassus Investments, an funding administration firm, launched the “Parnassus Development Fairness Fund” second-quarter 2026 investor letter. The letter could be downloaded right here. Throughout the quarter, the Fund (Investor Shares) returned 17.49% (internet of charges), outperforming the Russell 1000 Development Index’s 16.74%. Holdings in Data Know-how and Shopper Discretionary sectors boosted relative returns, whereas Communication Providers and Financials holdings detracted. For the year-to-date interval, the Fund returned 6.17% (internet of charges), outperforming the Russell 1000 Development’s 5.33%. The agency stays constructively bullish on U.S. equities and continues to be selective, valuation-sensitive, and targeted on disruptive progress alternatives by way of lively inventory choice. Development shares superior throughout the second quarter, because the Russell 1000 Development Index generated sturdy double-digit returns pushed by elevated confidence within the sturdiness of the continuing synthetic intelligence (AI) infrastructure build-out. Moreover, reviewing the Fund’s high 5 holdings might assist establish its greatest picks for 2026.

In its second-quarter 2026 investor letter, Parnassus Development Fairness Fund highlighted Consolation Techniques USA, Inc. (NYSE:FIX) as a brand new place. Consolation Techniques USA, Inc. (NYSE:FIX) is a number one mechanical and electrical set up, renovation, upkeep, restore, and substitute companies supplier to business, industrial, and institutional prospects. On September 15, 2026, Consolation Techniques USA, Inc. (NYSE:FIX) closed at $1,576.78 per share. Over the previous month, Consolation Techniques USA, Inc. (NYSE:FIX) declined 5.15% and its shares gained 110.86% over the previous 52 weeks. Consolation Techniques USA, Inc. (NYSE:FIX) has a market capitalization of $55.49 billion.

Parnassus Development Fairness Fund acknowledged the next concerning Consolation Techniques USA, Inc. (NYSE:FIX) in its Q2 2026 investor letter:

“Different positions added throughout the quarter included Consolation Techniques, a mechanical, electrical and plumbing contractor. Consolation Techniques USA, Inc. (NYSE:FIX) is a mechanical, electrical and plumbing contractor that gives the expert labor that is important for constructing more and more advanced information facilities, the place demand continues to speed up alongside AI funding.”

Consolation Techniques USA, Inc. (NYSE:FIX) isn’t on our checklist of the 40 Most Common Shares Amongst Hedge Funds. As per our database, 83 hedge fund portfolios held Consolation Techniques USA, Inc. (NYSE:FIX) on the finish of the second quarter which was 80 within the earlier quarter. Whereas we acknowledge the potential of Consolation Techniques USA, Inc. (NYSE:FIX) as an funding, we consider sure AI shares supply higher upside potential and carry much less draw back danger. For those who’re searching for a particularly undervalued AI inventory that additionally stands to learn considerably from Trump-era tariffs and the onshoring pattern, see our free report on the greatest short-term AI inventory.