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, 2018

BKNG Booking Holdings, Inc. 8.7%
RACE Ferrari NV 8.2%
FRC First Republic Bank 7.5%
ST Sensata Technologies Holdings PLC 6.5%
LSTR Landstar Systems, Inc. 6.3%
NFLX Netflix, Inc. 6.0%
FAF First American Financial Corp. 5.7%
PAYX Paychex, Inc. 4.9%
ORCL Oracle Corp. 4.9%
SCHW Charles Schwab Corp. 4.9%
TDG TransDigm Group, Inc. 4.7%
MA Mastercard Inc. Class-A 4.7%
GOOGL Alphabet, Inc. Class-A 4.6%
BR Broadridge Financial Solutions, Inc. 4.4%
VRSK Verisk Analytics, Inc. 3.9%
SBUX Starbucks Corp. 3.6%
AAPL Apple, Inc. 3.4%
NKE Nike, Inc. 3.0%
TRUP Trupanion, Inc. 1.9%
AOS A.O. Smith Corp. 1.0%
FAST Fastenal Co. 0.9%
Net Cash* 0.3%

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