The Fund

The Fund | Holdings

The Ensemble Fund is committed to providing our investors with high levels of transparency into our investment process and holdings. This commitment is based on our belief that investors who understand what they own are better able to make smart decisions regarding buying, holding and selling.

While we are only obligated to report our holdings within approximately 60 days after each fiscal quarter end, we routinely update our holdings on a monthly basis. We reserve the right to delay updating our holdings if we believe that doing so is not in the best interest of our investors.

Holdings as of April 30, 2019

RACE Ferrari NV 8.2%
BR Broadridge Financial Solutions, Inc. 7.6%
MA Mastercard Inc. Class-A 7.5%
BKNG Booking Holdings, Inc. 7.4%
NFLX Netflix, Inc. 6.3%
FAF First American Financial Corp. 6.2%
ST Sensata Technologies Holdings PLC 5.8%
PAYX Paychex, Inc. 4.8%
SCHW Charles Schwab Corp. 4.7%
SBUX Starbucks Corp. 4.7%
ORCL Oracle Corp. 4.7%
FRC First Republic Bank 4.6%
TDG TransDigm Group, Inc. 4.5%
LSTR Landstar Systems, Inc. 4.5%
GOOGL Alphabet, Inc. Class-A 4.4%
TIF Tiffany & Co. 3.3%
VRSK Verisk Analytics, Inc. 3.2%
FAST Fastenal Co. 3.0%
TRUP Trupanion, Inc. 2.2%
MASI Masimo Corp. 1.5%
NKE Nike, Inc. 0.6%
Net Cash* 0.3%

*Represents cash, cash equivalents (including U.S. Treasuries with maturities less than 1 year), and other assets less liabilities.