Strong and sustainable moat
Management focused on returns on invested capital and capital allocation
Operates an understandable and forecastable business
Broad and wide reading, not quantitative screens
Investigation of supply chains and peer groups within competitively advantaged industries
Qualitative analysis with quantitative scoring
How wide is the company’s moat
Persistence of relevance of the company’s products and/or services
How focused is management on maximizing economic value creation
How focused is management on shareholder returns
Predictability of industry change
How well we understand the company and industry
Company filings and transcripts
Industry news and research sources
Wall Street equity research
Moody’s credit research
Zero to three for each metric
Most public companies score zeros
Zero score on any metric results in elimination
Blended average of individual metrics with global assessment
|Total Number of Holdings||24|
|Percent in Top Five||38.4%|
|Percent in Top Ten||63.1%|
|Median Holding Weight||3.9%|
|Average Holding Weight||4.4%|
|Under $2 Billion||0.0%|
|$2 Billion to $10 Billion||8.3%|
|$10 Billion to $20 Billion||12.5%|
|$20 Billion to $100 Billion||35.5%|
|$100 Billion and Above||43.3%|
Sean oversees the investment process, performs research on prospective and current portfolio holdings, and is the Portfolio Manager of the Ensemble Fund. Prior to joining Ensemble Capital, he was a member of the private client advisor team working with high net-worth individuals at Scudder Investments. He holds a BA in Economics from the University of California, Davis and the Chartered Financial Analyst® designation.
Arif conducts research on prospective and current portfolio holdings. Prior to joining Ensemble Capital, he was Senior Investment Analyst and Co-Portfolio Manager at Kilimanjaro Capital. Previously he was a Senior Equity Analyst at Pacific Edge Investment Management. He holds a BS in Economics from the Massachusetts Institute of Technology and the Chartered Financial Analyst® designation.
Todd conducts research on prospective and current portfolio holdings. Previously, Todd was an Analyst at Johnson Investment Counsel, where he worked on the firm’s SMID Cap Strategy. Prior to that, Todd was an Analyst at Morningstar, where he led the firm’s equity stewardship methodology and covered companies in the basic materials, industrials, and consumer sectors. He holds a BA in History from Saint Joseph’s University in Philadelphia and the Chartered Financial Analyst® designation.
Paul implements the firm’s investment strategy in client accounts, while accounting for client specific customizations. Prior to joining Ensemble Capital, he was a Portfolio Manager at Grubman Wealth Management. He holds a BA in Business Administration from San Francisco State University and the Chartered Financial Analyst® designation.
Please go to ADV & Disclosure Documents for additional information about our Investment Team, including a description of their professional designations.
|Account Size||Annual Fee|
|Amounts in excess of $10mm & up to $25mm||0.80%|
|Amounts in excess of $25mm & up to $100mm||0.60%|
|Amounts in excess of $100mm||0.50%|
Questions about our institutional investments?