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David Giroux's January '26 Barron's Picks

hank
edited February 20 in Other Investing
From what I can tell, the January 2006 Barron's Roundtable was published on / around January 16. So the prices quoted are stale by 1-2 weeks. Still, interesting that most of Giroux's picks have done well since he recommended them. I've had good success with CNP. Today, I briefly considered adding KDP and SBUX, but both are substantially higher, so passed. Posted for what value or insights it might provide. Haven't followed others' '26 recommendations. But Mario Gabelli is another I've gotten insights from in past years, Sold MSGS too early around year-end after a 25% short-term gain. Hanging on to another of his picks, BATRA.

Giroux's Picks Ticker Price 1/2/26

Keurig Dr Pepper / KDP $27.73
Cytokinetics / CYTK 61.73
Arcellx / ACLX 63.34
Apogee Therapeutics / APGE 75.78
Vaxcyte / PCVX 46.46
Dyne Therapeutics / DYN 18.50
BioNTech / BNTX 96.69
Starbucks / SBUX 83.97
NiSource / NI 42.16
CenterPoint Energy / CNP 38.73
Becton Dickinson / BDX 194.94

Added - PRWCX is languishing a bit YTD. - 0.56% according to M* yesterday. And sacrilege - 1 or 2 posters have reported selling the fund in recent weeks. While I haven't owned the fund for several years, I admire Giroux's smarts & success. My only real gripe was the ballooning size of the AUM at the time I last owned it.

Comments

  • CrashCrash
    Yes, I'm asking myself to what extent the bloat is a drag on results... $70B now AUM. the fund has been my anchor for many years, since 2013. I cannot imagine jettisoning the entire thing. For what it's worth, M* has lowered their opinion of PRCFX from Bronze to Neutral. Together with PRWCX, they're near the bottom as rated by M* so far this year, compared to "peers." Morningstar has never been very accurate about peer-groupings.
  • a2z

    shifted most trp $ to prcfx. maybe someday they will take advantage of its ~100x lower aum for better downcap picks.
    anyone expect to see buys in garp software?
  • hank
    edited February 20
    For what it's worth, M* has lowered their opinion of PRCFX from Bronze to Neutral.

    Doesn't that just grab ya? I've bought some of their gold rated funds and remained very satisfied few months or a year later when they dropped the rating to neutral. A fund can't be "all things to all people." They seem to penalize former gold or silver rated funds that lose a bit of performance lead over the pack. I continue to like CPLSX as a conservative offering (dropped from gold to neutral). And they did the same thing to LCORX - for no good reason that I can tell.
  • masterd
    I think TRP funds will continue declining in relative performance compared with the the index and other much lower cost actively managed funds. TRP is having difficulty attracting talent. A portfolio manager is only as good as the research and recommendations from the team of analysts. I’d choose Vanguard Wellington because of its significantly lower expense ratio as compared with PRWCX. Look at the decline of other former high performing TRP funds like New Horizons and Equity Income.
  • MarkMark

    Morningstar Ratings
  • beebee
    I have wondered about Mr Giroux's decision to sell PRWCX's stake in GE. I would like to know his reasoning for selling the three stocks that were part of the GE spin off that he always felt was a great undervalued discovery.

    Seems he did not let this winner run.
  • a2z

    ?? i would not be surprised if giroux realized >10-bagger in GE !
    even then he admitted it was a more a chance on culp than his usual hard numbers GARP process.
    regardless, no GE investor used leverage to outpace culp's personal return, and probably never will.
  • beebee
    edited February 21
    a2z said:


    ?? i would not be surprised if giroux realized >10-bagger in GE !
    even then he admitted it was a more a chance on culp than his usual hard numbers GARP process.
    regardless, no GE investor used leverage to outpace culp's personal return, and probably never will.

    I had questioned his GE position back in 2020. He got Culp right. Just wished he stayed with that conviction a bit longer. I contunue to own PRWCX.
    My May 2020 MFO post regarding PRWCX and GE :
    https://mutualfundobserver.com/discuss/discussion/56112/prwcx-position-in-ge

    Not sure when PRWCX sold its GE positions. Back Testing (GE, GEV, and GEHC) since (April 2024).

    GE has had a 36.5% annualized return
    GEV has had a 149% annualized return
    GEHC has had a (-7.2%) annualized return

    https://portfoliovisualizer.com/backtest-portfolio?s=y&sl=3sWUfVCzbFOYjxGWjep3eg
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