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 November 30, 2023

GOOGL Alphabet Inc. – Class A 7.60%
NFLX Netflix, Inc. 7.55%
MA Mastercard Incorporated – Class A 7.54%
HD The Home Depot, Inc. 7.27%
BKNG Booking Holdings, Inc. 7.22%
BR Broadridge Financial Solutions, Inc. 6.08%
NOW ServiceNow, Inc. 5.50%
ADI Analog Devices, Inc. 5.03%
CMG Chipotle Mexican Grill, Inc. 4.98%
NVR NVR, Inc. 4.92%
RACE Ferrari N.V. 4.84%
NTDOY Nintendo Co., Ltd. 4.44%
FAF First American Financial Corporation 4.34%
PAYX Paychex, Inc. 4.10%
FAST Fastenal Company 3.51%
MASI Masimo Corporation 3.46%
NKE Nike, Inc. Class B 3.06%
ILMN Illumina, Inc. 2.81%
LSTR Landstar System, Inc. 2.44%
IEX IDEX Corp. 1.57%
PRM Perimeter Solutions 1.55%
Net Cash* 0.19%

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