Parnassus Investments

Did Parnassus’ Exit and Homes.com Skepticism Just Recast CoStar Group’s (CSGP) Investment Narrative?

In March 2026, Parnassus Investments disclosed that it had exited its position in CoStar Group, citing concerns about Homes.com investment risks, heightened competition from Google in home listings, and a weak housing market, while Goldman Sachs later highlighted moderating Homes.com traffic but relatively resilient Apartments.com performance. At the same time, CoStar Group emphasized greater product-level transparency and confirmed ongoing Homes.com disclosures, ahead of its planned April...