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, 2020

NFLX Netflix, Inc. 8.4%
HD Home Depot Inc 8.3%
FRC First Republic Bank 7.7%
MA Mastercard Inc. Class-A 6.7%
RACE Ferrari NV 6.6%
GOOGL Alphabet, Inc. Class-A 5.5%
MASI Masimo Corp. 5.1%
BKNG Booking Holdings, Inc. 5.0%
ISRG Intuitive Surgical, Inc. 4.8%
BR Broadridge Financial Solutions, Inc. 4.7%
SCHW Charles Schwab Corp. 4.3%
CMG Chipotle Mexican Grill Inc 3.7%
FAF First American Financial Corp. 3.7%
ILMN Illumina, Inc. 3.4%
NVR NVR, Inc. 3.2%
BL Blackline, Inc. 3.2%
SBUX Starbucks Corp. 3.1%
PAYX Paychex, Inc. 2.8%
LSTR Landstar Systems, Inc. 2.4%
FAST Fastenal Co. 2.3%
HEI/A Heico Corp 1.9%
NTDOY Nintendo Co. Ltd. 1.9%
COST Costco Wholesale Corp. 1.0%
Net Cash * 0.3%

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