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 May 31, 2024

BKNG Booking Holdings, Inc. 7.63%
HD The Home Depot, Inc. 7.60%
MA Mastercard Incorporated – Class A 7.16%
BR Broadridge Financial Solutions, Inc. 6.75%
NFLX Netflix, Inc. 6.52%
NVR NVR, Inc. 6.36%
GOOGL Alphabet Inc. – Class A 6.04%
ADI Analog Devices, Inc. 5.62%
PAYX Paychex, Inc. 4.51%
FAF First American Financial Corporation 4.42%
NTDOY Nintendo Co., Ltd. 4.27%
MASI Masimo Corporation 4.01%
NOW ServiceNow, Inc. 3.97%
RACE Ferrari N.V. 3.80%
LSTR Landstar System, Inc. 3.72%
NKE Nike, Inc. Class B 3.71%
IEX IDEX Corp. 3.62%
ILMN Illumina, Inc. 2.51%
PRM Perimeter Solutions 2.47%
VEEV Veeva Systems, Inc. Class A 2.39%
FAST Fastenal Company 1.28%
CMG Chipotle Mexican Grill, Inc. 1.09%
Net Cash* 0.55%

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