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 June 30, 2019

BKNG Booking Holdings, Inc. 7.3%
RACE Ferrari NV 7.1%
BR Broadridge Financial Solutions, Inc. 7.0%
MA Mastercard Inc. Class-A 6.6%
GOOGL Alphabet, Inc. Class-A 6.5%
NFLX Netflix, Inc. 6.2%
ST Sensata Technologies Holdings PLC 6.1%
LSTR Landstar Systems, Inc. 4.9%
FRC First Republic Bank 4.8%
SBUX Starbucks Corp. 4.8%
SCHW Charles Schwab Corp. 4.8%
ORCL Oracle Corp. 4.7%
FAF First American Financial Corp. 4.6%
TIF Tiffany & Co. 4.5%
PAYX Paychex, Inc. 4.2%
TDG TransDigm Group, Inc. 3.7%
VRSK Verisk Analytics, Inc. 3.3%
MASI Masimo Corp. 2.8%
FAST Fastenal Co. 2.7%
TRUP Trupanion, Inc. 2.4%
NKE Nike, Inc. 0.6%
Net Cash * 0.4%

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