Baron Asset Fund 6-4-07 Portfolio - Stockpickr! Your Source for Stock Ideas

Baron Asset Fund 6-4-07

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Created by Barrons

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Date updated:06-03-2007

From Barron's 6-4-07:

"Back when Andrew Peck was a young analyst -- which wasn't that long ago -- his boss Ron Baron told him to book a flight to Mexico. The iconoclastic growth-fund manager wanted his protégé to see the pioneering outsourcing effort of the Libbey Glass operation there up close.

A business trip to Mexico might seem like a marvelous perk for an up-and-comer, but it turned out the glass and tableware maker's plant was in the dusty industrial town of Monterrey. It was also mid-summer, and the factory didn't have air conditioning. "I always seemed to end up with those awful assignments," says Peck, of his formative lessons in first-hand company research.

Mostly, however, Peck's had a pretty smooth, comfortable rise in the Baron organization. In 2003, the Stanford business and law-school grad was plucked from the analyst ranks and installed as day-to-day portfolio manager of the Baron Asset Fund (ticker: BARAX), the firm's flagship investment vehicle which he co-runs with its namesake.

"Ron Baron is trying to build a sustainable organization and not have everything reliant on Ron Baron," says Kerry O'Boyle, an analyst who covers Baron Asset for fund researcher Morningstar. "He's clearly thinking about what's next."

WYNN
Wynn Resorts
$40.60
-0.27%
$40.70

4.6% of portfolio From Barron's 6-4-07: "Lately, Peck, 38, has logged many hours on the Chinese island of Macao, evaluating the growth prospects for Wynn Resorts (WYNN), which is his fund's top holding."

People owning WYNN also tend to own: AAPL BLE.TO CHINA CTRP ELR.TO EMU FCX

TheStreet.com Rating: C- What is this?

WOOF
Vca Antech
$25.52
+2.90%
$24.72

From Barron's 6-4-07: "Like Baron, Peck is fond of pinpointing large trends that will have a positive impact on a company's prospects. One that he particularly likes is the aging of the baby boomers, especially the effects on health care. But it's not human health care that's most interesting for Peck, it's pet health care. "The profile of a pet owner is a baby boomer who is in their peak saving and spending years," he notes.

People owning WOOF also tend to own: AMGN AXP COP IACI OS TEX VLO

TheStreet.com Rating: C What is this?

IDXX
Idexx Laboratorie
$46.06
+5.14%
$43.36

From Barron's 6-4-07: "These owners, he says, spend freely on their furry companions and expect the same quality of care they themselves receive. What's more, they're not reluctant to pay for pricey medical procedures out of pocket. So Peck expects 8% to 9% industry growth for the next few years, far outpacing inflation."

People owning IDXX also tend to own: AAPL BA CYTX EMC GOOG JCG MO

TheStreet.com Rating: B- What is this?

AB
Alliancebernstein
$20.17
0.00%
$20.40

From Barron's 6-4-07: "The same baby-boomer trend has also led Peck toward a handful of asset-management companies, which he believes can ride the saving-and-retirement trend. Again, Morningstar's O'Boyle sees the hand of Ron Baron, who has long had a penchant for the stocks."

People owning AB also tend to own: DRIV WFR BA DIOD AKAM BBD CERN

TheStreet.com Rating: D+ What is this?

TROW
T. Rowe Price Gro
$41.95
+1.30%
$41.11

No Analysis added

People owning TROW also tend to own: BK C DIS FDX ICF JPM MMM

TheStreet.com Rating: C What is this?

EV
Eaton Vance Corp
$29.06
0.00%
$28.24

No Analysis added

People owning EV also tend to own: APNS.OB AVNR DSCO EBHI ECPG ICGE IMA

TheStreet.com Rating: C What is this?

MTH
Meritage Homes Co
$19.41
0.00%
$19.48

No Analysis added

People owning MTH also tend to own: AET BZH CGI FBP HOV KBH LUK

TheStreet.com Rating: D What is this?

SCHW
The Charles Schwa
$18.24
-0.76%
$18.24

No Analysis added

People owning SCHW also tend to own: AAP ACS ADI BK BMC BWA COG

TheStreet.com Rating: C+ What is this?

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