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 July 31, 2022

MA Mastercard Incorporated – Class A 7.9%
FRC First Republic Bank 7.5%
GOOGL Alphabet Inc. – Class A 7.4%
HD The Home Depot, Inc. 7.0%
NFLX Netflix, Inc. 5.8%
RACE Ferrari N.V. (Italy) 5.8%
BR Broadridge Financial Solutions, Inc. 5.4%
NKE Nike, Inc. Class B 4.8%
ILMN Illumina, Inc. 4.7%
MASI Masimo Corporation 4.7%
NVR NVR, Inc. 4.6%
BKNG Booking Holdings Inc. 4.6%
NTDOY Nintendo Co., Ltd. 4.4%
SCHW The Charles Schwab Corporation 3.8%
NOW ServiceNow, Inc. 3.7%
FAST Fastenal Company 3.2%
FAF First American Financial Corporation 3.2%
CMG Chipotle Mexican Grill, Inc. 2.8%
LSTR Landstar System, Inc. 2.2%
PAYX Paychex, Inc. 1.4%
PRM Perimeter Solutions (Luxembourg) 1.1%
Net Cash * 3.9%

 

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