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 October 31, 2019

FRC First Republic Bank 7.9%
BKNG Booking Holdings, Inc. 7.5%
GOOGL Alphabet, Inc. Class-A 7.1%
RACE Ferrari NV 6.9%
NFLX Netflix, Inc. 6.5%
MA Mastercard Inc. Class-A 6.0%
ST Sensata Technologies Holdings PLC 6.0%
BR Broadridge Financial Solutions, Inc. 4.8%
FAF First American Financial Corp. 4.7%
MASI Masimo Corp. 4.7%
FAST Fastenal Co. 4.6%
SCHW Charles Schwab Corp. 4.6%
LSTR Landstar Systems, Inc. 4.5%
PAYX Paychex, Inc. 4.5%
SBUX Starbucks Corp. 4.2%
TDG TransDigm Group, Inc. 3.5%
VRSK Verisk Analytics, Inc. 3.3%
NVR NVR, Inc. 2.8%
ISRG Intuitive Surgical, Inc. 2.7%
NKE Nike, Inc. 1.9%
BL Blackline, Inc. 0.9%
Net Cash * 0.4%

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