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, 2022

HD The Home Depot, Inc. 8.5%
MA Mastercard Incorporated – Class A 7.7%
RACE Ferrari N.V. (Italy) 7.5%
GOOGL Alphabet Inc. – Class A 7.2%
FRC First Republic Bank 7.1%
ILMN Illumina, Inc. 4.9%
NFLX Netflix, Inc. 4.9%
NVR NVR, Inc. 4.6%
CMG Chipotle Mexican Grill, Inc. 4.4%
BKNG Booking Holdings Inc. 4.3%
NKE Nike, Inc. 4.0%
FAF First American Financial Corporation 3.7%
NTDOY Nintendo Co., Ltd. 3.7%
MASI Masimo Corporation 3.6%
BR Broadridge Financial Solutions, Inc. 3.5%
SCHW The Charles Schwab Corporation 3.2%
NOW ServiceNow, Inc. 2.8%
FAST Fastenal Company 2.6%
LSTR Landstar System, Inc. 2.3%
BL BlackLine, Inc. 2.1%
ODFL Old Dominion Freight Line, Inc. 1.9%
SBUX Starbucks Corporation 1.7%
PAYX Paychex, Inc. 1.6%
PRM Perimeter Solutions 1.0%
PTON Peloton Interactive, Inc. Class A 0.9%
Net Cash * 0.3%

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