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, 2021

NFLX Netflix, Inc. 10.3%
HD The Home Depot, Inc. 8.4%
MA Mastercard Incorporated – Class A 7.6%
ILMN Illumina, Inc. 6.3%
GOOGL Alphabet, Inc. – Class A 5.9%
FRC First Republic Bank 5.7%
BKNG Booking Holdings, Inc. 5.1%
MASI Masimo Corporation 4.8%
RACE Ferrari N.V. 4.6%
CMG Chipotle Mexican Grill, Inc. 4.5%
SCHW The Charles Schwab Corporation 4.4%
NVR NVR, Inc. 4.0%
FAF First American Financial Corporation 3.7%
NTDOY Nintendo Co., Ltd. 3.7%
FAST Fastenal Company 3.3%
LSTR Landstar System, Inc. 3.0%
ISRG Intuitive Surgical, Inc. 2.3%
BL BlackLine, Inc. 2.2%
BR Broadridge Financial Solutions, Inc. 2.2%
NOW ServiceNow, Inc. 2.1%
COST Costco Wholesale Corporation 1.8%
SBUX Starbucks Corporation 1.6%
PAYX Paychex, Inc. 1.2%
HEI/A HEICO Corporation 1.2%
Net Cash* 0.1%

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