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 December 31, 2019

GOOGL Alphabet, Inc. Class-A 7.2%
BKNG Booking Holdings, Inc. 7.2%
NFLX Netflix, Inc. 7.0%
FRC First Republic Bank 7.0%
RACE Ferrari NV 6.8%
MA Mastercard Inc. Class-A 6.2%
ST Sensata Technologies Holdings PLC 6.0%
SCHW Charles Schwab Corp. 5.1%
MASI Masimo Corp. 4.8%
FAST Fastenal Co. 4.5%
BR Broadridge Financial Solutions, Inc. 4.5%
LSTR Landstar Systems, Inc. 4.4%
PAYX Paychex, Inc. 4.3%
FAF First American Financial Corp. 4.2%
SBUX Starbucks Corp. 4.2%
NVR NVR, Inc. 3.5%
VRSK Verisk Analytics, Inc. 3.2%
HD Home Depot Inc 3.0%
ISRG Intuitive Surgical, Inc. 2.8%
TDG TransDigm Group, Inc. 2.1%
BL Blackline, Inc. 1.0%
NKE Nike, Inc. 0.5%
Net Cash * 0.5%

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