# Ensemble Capital Management, LLC

> Institutional holdings reported to the SEC as of Q3 2024 on Form 13F. CIK 1387366. Source: https://holderbook.com/funds/1387366-ensemble-capital-management-llc/

- Reported value: $1.2B
- Positions: 22
- Weight of the ten largest: 66.5%
- Filed: 2024-11-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $98.2M | 242,283 | 8.3% | 20 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $94.0M | 190,404 | 8.0% | 24 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $93.5M | 22,190 | 7.9% | 24 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $83.5M | 117,663 | 7.1% | 24 |
| BROADRIDGE FINL SOLUTIONS IN | [BR](https://holderbook.com/stocks/BR/) | $81.9M | 380,924 | 6.9% | 24 |
| NVR INC | [NVR](https://holderbook.com/stocks/NVR/) | $81.4M | 8,300 | 6.9% | 21 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $68.7M | 414,511 | 5.8% | 24 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $68.1M | 295,907 | 5.8% | 6 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $58.8M | 438,211 | 5.0% | 24 |
| FERRARI N V | [RACE](https://holderbook.com/stocks/RACE/) | $56.2M | 119,503 | 4.8% | 24 |
| FIRST AMERN FINL CORP | [FAF](https://holderbook.com/stocks/FAF/) | $53.3M | 806,699 | 4.5% | 24 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $51.2M | 57,289 | 4.3% | 14 |
| PERIMETER SOLUTIONS SA | [PRMXXXX](https://holderbook.com/stocks/PRMXXXX/) | $46.3M | 3,442,273 | 3.9% | 10 |
| IDEX CORP | [IEX](https://holderbook.com/stocks/IEX/) | $46.2M | 215,157 | 3.9% | 6 |
| MASIMO CORP | [MASI](https://holderbook.com/stocks/MASI/) | $45.4M | 340,355 | 3.8% | 23 |
| LANDSTAR SYS INC | [LSTR](https://holderbook.com/stocks/LSTR/) | $43.5M | 230,546 | 3.7% | 24 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $34.1M | 162,357 | 2.9% | 2 |
| ILLUMINA INC | [ILMN](https://holderbook.com/stocks/ILMN/) | $29.7M | 227,558 | 2.5% | 16 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $24.7M | 278,996 | 2.1% | 10 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $18.5M | 258,447 | 1.6% | 24 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $1.8M | 31,950 | 0.2% | 19 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $428.6K | 4,396 | 0.0% | 24 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2024 | +12.3% | +5.4% | +6.8% | 100% |
| Q2 2024 | -1.8% | +4.0% | -5.9% | 100% |
| Q1 2024 | +10.8% | +10.0% | +0.8% | 100% |
| Q4 2023 | +15.1% | +11.2% | +3.9% | 100% |
| Q3 2023 | -5.2% | -3.6% | -1.7% | 100% |
| Q2 2023 | +7.9% | +8.3% | -0.4% | 100% |
| Q1 2023 | +4.1% | +7.0% | -2.9% | 100% |
| Q4 2022 | +9.9% | +7.1% | +2.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2024 | $1.2B | 22 |
| Q2 2024 | $1.3B | 24 |
| Q1 2024 | $1.2B | 22 |
| Q4 2023 | $1.1B | 23 |
| Q3 2023 | $968.0M | 25 |
| Q2 2023 | $1.0B | 25 |
| Q1 2023 | $966.2M | 24 |
| Q4 2022 | $964.8M | 27 |
| Q3 2022 | $887.8M | 26 |
| Q2 2022 | $887.7M | 27 |
| Q1 2022 | $1.2B | 28 |
| Q4 2021 | $1.3B | 30 |