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 August 31, 2021

NFLX Netflix, Inc. 8.9%
HD The Home Depot, Inc. 7.7%
GOOGL Alphabet, Inc. Class A 7.5%
MASI Masimo Corporation 6.8%
MA Mastercard Incorporated Class A 6.7%
FRC First Republic Bank 6.4%
ILMN Illumina, Inc. 5.3%
BKNG Booking Holdings, Inc. 5.1%
NVR NVR, Inc. 4.4%
RACE Ferrari NV (Italy) 4.4%
SCHW The Charles Schwab Corporation 4.2%
NTDOY Nintendo Co., Ltd. – ADR 4.2%
FAF First American Financial Corporation 3.8%
CMG Chipotle Mexican Grill, Inc. 3.6%
FAST Fastenal Company 3.4%
LSTR Landstar Systems, Inc. 3.0%
ISRG Intuitive Surgical, Inc. 2.3%
BR Broadridge Financial Solutions, Inc. 2.2%
BL Blackline, Inc. 2.1%
NOW ServiceNow, Inc. 2.0%
SBUX Starbucks Corporation 1.9%
COST Costco Wholesale Corporation 1.7%
PAYX Paychex, Inc. 1.2%
HEI/A HEICO Corporation 1.1%
Net Cash * 0.1%

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