Ensemble Capital Management, LLC

13F filer, CIK 1387366, San Francisco, CA

Ensemble Capital Management, LLC reported $964,752,277 across 27 holdings for the quarter ended 2022-12-31, in a 13F-HR filed 2023-02-14. Its ten largest share positions make up 65.56% of the portfolio.

Filed 2023-02-14 (acceptance time not in the bulk data set), ingested 2026-10-07 18:33:21 UTC13F-HR 0001941040-23-000077

Period: 2022-12-31
Reported value: $965M
Holdings: 27
Top 10 weight: 65.56%
New: 2
Sold out: 1

Largest buys vs the previous quarter

Security	Shares change	Approx. value
CMGadded	+10,194	$14.1M
FRCBadded	+104,352	$12.7M
GOOGLadded	+95,041	$8.39M
PAYXadded	+57,196	$6.61M
SPYnew	+15,218	$5.82M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
SCHWreduced	-194,602	-$16.2M
NFLXreduced	-47,364	-$14M
HDreduced	-24,987	-$7.89M
NKEreduced	-61,440	-$7.19M
NVRreduced	-1,438	-$6.63M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2022

Share positions as resolved from 13F-HR 0001941040-23-000077, largest first. % of portfolio is the value over $964,752,277, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
MAMASTERCARD INCORPORATED	257,949	$89.7M	9.3%	-1,703	Timeline
FRCBFIRST REP BK SAN FRANCISCO CAL	615,318	$75M	7.77%	+104,352	Timeline
GOOGLALPHABET INC	843,616	$74.4M	7.72%	+95,041	Timeline
HDHOME DEPOT INC	225,977	$71.4M	7.4%	-24,987	Timeline
NFLXNETFLIX INC.	217,908	$64.3M	6.66%	-47,364	Timeline
RACEFERRARI N V	288,997	$61.9M	6.42%	-11,140	Timeline
BKNGBOOKING HOLDINGS INC	26,316	$53M	5.5%	-105	Timeline
MASIMASIMO CORP	325,753	$48.2M	5%	-17,173	Timeline
CMGCHIPOTLE MEXICAN GRILL INC	34,669	$48.1M	4.99%	+10,194	Timeline
BRBROADRIDGE FINL SOLUTIONS IN	346,350	$46.5M	4.82%	+31,144	Timeline
ILMNILLUMINA INC	226,789	$45.9M	4.75%	-4,061	Timeline
NVRNVR INC	9,817	$45.3M	4.69%	-1,438	Timeline
NKENIKE INC	331,981	$38.8M	4.03%	-61,440	Timeline
NOWSERVICENOW INC	85,981	$33.4M	3.46%	-3,410	Timeline
FASTFASTENAL CO	683,250	$32.3M	3.35%	-26,311	Timeline
FAFFIRST AMERN FINL CORP	605,729	$31.7M	3.29%	-4,723	Timeline
SCHWCHARLES SCHWAB CORP (THE)	366,459	$30.5M	3.16%	-194,602	Timeline
LSTRLANDSTAR SYS INC	182,627	$29.7M	3.08%	-7,935	Timeline
PAYXPAYCHEX INC	230,036	$26.6M	2.76%	+57,196	Timeline
PERIMETER SOLUTIONS SAPERIMETER SOLUTIONS SA	1,023,577	$9.36M	0.97%	-38,340
SPYSTATE STR SPDR S&P 500 ETF T	15,218	$5.82M	0.6%	new	Timeline
SBUXSTARBUCKS CORP	6,790	$674K	0.07%	-505	Timeline
BLACKROCK INCBLACKROCK INC	821	$582K	0.06%	0
WSOWATSCO INC	2,235	$557K	0.06%	0	Timeline
TXNTEXAS INSTRS INC	3,240	$535K	0.06%	new	Timeline
COSTCOSTCO WHOLESALE CORPORATION	590	$269K	0.03%	0	Timeline
INTCINTEL CORP	9,530	$252K	0.03%	0	Timeline

Sold out in Q4 2022

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
GOOGALPHABET INC	2,220	$213K	shares

How Q4 2022 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001941040-23-000077	base		2023-02-14	acceptance time not in the bulk data set	2026-10-07 18:33:21 UTC