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 September 30, 2020

NFLX Netflix, Inc. 9.0%
HD Home Depot Inc 8.3%
MASI Masimo Corp. 8.0%
FRC First Republic Bank 7.7%
ISRG Intuitive Surgical, Inc. 6.2%
MA Mastercard Inc. Class-A 5.9%
GOOGL Alphabet, Inc. Class-A 5.0%
SCHW Charles Schwab Corp. 4.6%
BKNG Booking Holdings, Inc. 4.6%
BR Broadridge Financial Solutions, Inc. 4.6%
RACE Ferrari NV 4.6%
PAYX Paychex, Inc. 3.9%
SBUX Starbucks Corp. 3.7%
NVR NVR, Inc. 3.6%
FAF First American Financial Corp. 3.4%
CMG Chipotle Mexican Grill Inc 3.4%
HEI/A Heico Corp 3.3%
BL Blackline, Inc. 2.6%
LSTR Landstar Systems, Inc. 2.5%
FAST Fastenal Co. 2.3%
NTDOY Nintendo Co. Ltd. 2.1%
Net Cash * 0.7%

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