Parnassus Investments, an funding administration agency that focuses on proudly owning a concentrated portfolio of U.S. massive cap shares, launched its Parnassus Worth Fairness Fund second-quarter 2025 investor letter. The complete letter is accessible for obtain right here. For the second quarter of 2025, the fund reported a web return of seven.24%, outperforming its benchmark, the Russell 1000 Worth Index, which returned 3.79% for a similar interval. The fund’s high 5 holdings are additionally listed within the letter, displaying the agency’s foremost funding positions heading into 2025.
One of many firms talked about within the letter is Linde plc (NASDAQ:LIN). Linde plc (NASDAQ:LIN) is an industrial gasoline firm in the USA, China, Germany, the UK, Australia, Mexico, Brazil, and internationally. Over the previous month, Linde plc (NASDAQ:LIN) rose by 2.95%, and its shares gained 4.89% of their worth during the last 12 months. On August 12, 2025, Linde plc (NASDAQ:LIN) shares closed at $473.23, with a market capitalization of $221.902 billion.
Here’s what they must say about Linde plc (NASDAQ:LIN) of their investor letter:
“Linde plc (NASDAQ:LIN) operates in a concentrated industrial gasoline market with excessive switching prices and capital depth, which creates sturdy aggressive benefits and earnings resilience. Linde’s relevancy is additional enhanced by its strategic positioning in clear vitality, which is anticipated to develop as a consequence of ongoing initiatives worldwide. CEO Sanjiv Lamba’s skilled management and disciplined capital allocation throughout progress capital expenditure, dividends and buybacks reinforce confidence in execution.”
A scientist in a lab coat inspecting a cylinder full of industrial gasoline.
Linde plc (NASDAQ:LIN) is just not included in our record of the 30 hottest shares amongst hedge funds. In keeping with our information,
75 hedge fund portfolios held positions in Linde plc (NASDAQ:LIN) on the finish of the primary quarter of 2025, up from
70 within the earlier quarter. LIN surpassed earnings expectations, delivering an EPS of $4.09 in comparison with the projected $4.03. Whereas we acknowledge the potential of LIN as an funding, we imagine sure AI shares provide larger upside potential and carry much less draw back danger. When you’re searching for an especially undervalued AI inventory that additionally stands to learn considerably from Trump-era tariffs and the onshoring development, see our free report on the greatest short-term AI inventory.
In one other article, we coated Linde plc (NASDAQ:LIN) and Bernstein SocGen Group’s views on the corporate. As well as, please take a look at our hedge fund investor letters Q2 2025 web page for extra investor letters from hedge funds and different main traders.