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 April 30, 2020

BR Broadridge Financial Solutions, Inc. 8.3%
NFLX Netflix, Inc. 8.3%
FRC First Republic Bank 7.9%
GOOGL Alphabet, Inc. Class-A 7.1%
MA Mastercard Inc. Class-A 6.7%
RACE Ferrari NV 6.4%
SBUX Starbucks Corp. 5.1%
FAST Fastenal Co. 4.8%
SCHW Charles Schwab Corp. 4.6%
MASI Masimo Corp. 4.6%
PAYX Paychex, Inc. 4.5%
BKNG Booking Holdings, Inc. 4.5%
NVR NVR, Inc. 4.5%
ISRG Intuitive Surgical, Inc. 4.4%
LSTR Landstar Systems, Inc. 4.4%
HD Home Depot Inc 3.8%
FAF First American Financial Corp. 3.7%
CMG Chipotle Mexican Grill Inc 2.5%
BL Blackline, Inc. 2.1%
NTDOY Nintendo Co. Ltd. 1.8%
Net Cash * 0.0%

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