The market is turning — and Andrew Peck is in stocks for the long haul. The portfolio manager for the Baron Asset Fund thinks it might be a mistake to try and play stocks by constant, rapid buying and selling

Instead, Peck says his fund holds stocks for an average of five years, versus the “typical mutual fund” pattern of six months — an annual turnover of 18 to 19 percent, versus 100 percent.

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Recommendations:

Ther fund’s current top five holdings are:

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- Charles Schwab

CHARLES CORP NEW SCHW 23.06 -0.11 -0.47% NASDAQ

- XTO Energy

XTO ENERGY INC XTO 45.45 -0.34 -0.74% NYSE

- Vail Resorts

VAIL RESORTS INC MTN 43.77 -0.59 -1.33% NYSE

- Wynn Resorts

WYNN RESORTS LTD WYNN 100.39 -5.57 -5.26% NASDAQ

- Chicago Merc

CME GROUP INC CME 336.64 -21.03 -5.88% NASDAQ

Peck justifies the consumer/leisure names with his belief that oil prices “will be held in check, at least for a while,” thanks to alterations in “Americans’ behavior.”