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 February 28, 2021

NFLX Netflix, Inc. 9.4%
MA Mastercard Inc. Class-A 8.2%
HD Home Depot Inc 7.9%
FRC First Republic Bank 6.5%
GOOGL Alphabet, Inc. Class-A 6.3%
BKNG Booking Holdings, Inc. 4.9%
RACE Ferrari NV 4.8%
SCHW Charles Schwab Corp. 4.6%
NVR NVR, Inc. 4.6%
ISRG Intuitive Surgical, Inc. 4.5%
MASI Masimo Corp. 4.3%
PAYX Paychex, Inc. 4.2%
NTDOY Nintendo Co. Ltd. 4.1%
ILMN Illumina, Inc. 4.0%
FAF First American Financial Corp. 3.9%
LSTR Landstar Systems, Inc. 3.0%
SBUX Starbucks Corp. 2.9%
BR Broadridge Financial Solutions, Inc. 2.8%
BL Blackline, Inc. 2.8%
FAST Fastenal Co. 2.4%
CMG Chipotle Mexican Grill Inc 1.7%
HEI/A Heico Corp 1.3%
COST Costco Wholesale Corp. 0.7%
Net Cash * 0.2%

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