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 August 31, 2019

BKNG Booking Holdings, Inc. 7.6%
GOOGL Alphabet, Inc. Class-A 7.1%
BR Broadridge Financial Solutions, Inc. 7.0%
MA Mastercard Inc. Class-A 6.9%
RACE Ferrari NV 6.9%
NFLX Netflix, Inc. 5.9%
ST Sensata Technologies Holdings PLC 5.6%
FAF First American Financial Corp. 5.0%
LSTR Landstar Systems, Inc. 4.7%
FAST Fastenal Co. 4.7%
SCHW Charles Schwab Corp. 4.7%
PAYX Paychex, Inc. 4.6%
SBUX Starbucks Corp. 4.5%
FRC First Republic Bank 4.4%
ORCL Oracle Corp. 4.3%
TIF Tiffany & Co. 4.1%
TDG TransDigm Group, Inc. 4.0%
VRSK Verisk Analytics, Inc. 3.2%
MASI Masimo Corp. 2.9%
BL Blackline, Inc. 1.0%
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.