T. Rowe Price Associates

Background

Founded 1937 by Thomas Rowe Price Jr., whose 'growth stock' philosophy became standard active-management terminology. Headline equity strategies include Blue Chip Growth (Larry Puglia for two decades through 2021), Dividend Growth, and Capital Appreciation under David Giroux — one of the longer-tenured active PMs in the U.S. and routinely top-decile in risk-adjusted returns per Morningstar.

Key People

• Rob Sharps Chair, CEO and President

  Firm-level leader; the 13F aggregates many strategies.

• David Giroux Head of Investment Strategy / PM, Capital Appreciation

  Manager of T. Rowe Capital Appreciation since 2006.

Track Record / Style

Persistent ownership of quality compounders (Microsoft, Visa, Mastercard, Apple) across cycles. Capital Appreciation under Giroux is among the best risk-adjusted active records of the past two decades, with notable downside protection in 2008 and 2022.