Robert Olstein Olstein Capital Management
Robert Olstein is the founder of Olstein Capital Management and a long-time advocate of forensic accounting and quality-of-earnings analysis in equity investing. His process looks beyond headline multiples to assess earnings sustainability and balance-sheet risk. Olstein’s work is frequently referenced by investors who prioritize accounting diligence.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Middleby
MIDD
|
+$5.6M |
| 2 |
WCC
WESCO International
WCC
|
+$4.96M |
| 3 |
UnitedHealth
UNH
|
+$3.56M |
| 4 |
Aptiv
APTV
|
+$3.39M |
| 5 |
General Dynamics
GD
|
+$2.94M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
General Motors
GM
|
+$3.89M |
| 2 |
Target
TGT
|
+$3.04M |
| 3 |
Mohawk Industries
MHK
|
+$3.03M |
| 4 |
Delta Air Lines
DAL
|
+$2.98M |
| 5 |
Meta Platforms (Facebook)
META
|
+$2.68M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 23.46% |
| 2 | Financials | 15.44% |
| 3 | Healthcare | 15.17% |
| 4 | Technology | 13.39% |
| 5 | Consumer Discretionary | 12.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Becton Dickinson
BDX
$52.3B
| $6.68M | 1.09% |
27,000
| – | – |
|
52
Vontier
VNT
$4.46B
| $6.64M | 1.09% |
146,500
+40,500
| +38% | +$1.58M |
|
53
Kimberly-Clark
KMB
$36.4B
| $6.21M | 1.02% |
48,000
| – | – |
|
54
Cracker Barrel
CBRL
$1.29B
| $6.18M | 1.01% |
85,000
-5,346
| -6% | -$388K |
|
|
55
Middleby
MIDD
$5.22B
| $6.11M | 1% |
+38,000
| New | +$5.6M |
|
56
eBay
EBAY
$46.3B
| $5.9M | 0.97% |
111,784
-52,216
| -32% | -$2.37M |
|
57
Alphabet (Google) Class C
GOOG
$4.18T
| $5.79M | 0.95% |
38,000
-9,000
| -19% | -$1.3M |
|
58
Berkshire Hathaway Class B
BRK.B
$1.06T
| $5.68M | 0.93% |
13,500
-3,500
| -21% | -$1.38M |
|
59
Dover
DOV
$27.2B
| $5.49M | 0.9% |
31,000
| – | – |
|
60
Eastman Chemical
EMN
$8.47B
| $5.41M | 0.89% |
54,000
-1,000
| -2% | -$87.9K |
|
61
Axalta
AXTA
$7.75B
| $4.78M | 0.78% |
139,105
| – | – |
|
62
Texas Instruments
TXN
$241B
| $4.62M | 0.76% |
26,500
| – | – |
|
63
Carrier Global
CARR
$49.8B
| $4.24M | 0.69% |
73,000
-1,000
| -1% | -$56.2K |
|
64
Fortive
FTV
$18.1B
| $4.22M | 0.69% |
65,101
| – | – |
|
65
Winnebago Industries
WGO
$898M
| $4.22M | 0.69% |
57,000
| – | – |
|
66
American Express
AXP
$227B
| $4.21M | 0.69% |
18,500
-12,500
| -40% | -$2.59M |
|
67
Comcast
CMCSA
$95.3B
| $3.9M | 0.64% |
90,000
-17,000
| -16% | -$733K |
|
68
Gates Industrial Corp
GTES
$6.56B
| $3.61M | 0.59% |
204,000
-32,000
| -14% | -$463K |
|
69
Integra LifeSciences
IART
$1.3B
| $3.54M | 0.58% |
100,000
+26,000
| +35% | +$1.04M |
|
|
SHYF
70
DELISTED
The Shyft Group
SHYF
| $3.54M | 0.58% |
285,000
+40,000
| +16% | +$446K |
|
71
Blue Bird Corp
BLBD
$1.96B
| $3.53M | 0.58% |
92,000
-51,580
| -36% | -$1.58M |
|
|
72
Aptiv
APTV
$10B
| $3.35M | 0.55% |
+42,000
| New | +$3.39M |
|
|
73
Meta Platforms (Facebook)
META
$1.4T
| $3.16M | 0.52% |
6,500
-6,000
| -48% | -$2.68M |
|
|
74
General Dynamics
GD
$104B
| $3.11M | 0.51% |
+11,000
| New | +$2.94M |
|
75
Central Garden & Pet Co Class A
CENTA
$2.41B
| $3.06M | 0.5% |
83,000
-8,250
| -9% | -$292K |
|
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Robert Olstein's Q1 2024 Portfolio in Review
As of Q1 2024, Robert Olstein held 100 positions worth $611M, up 3.1% from $593M the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Robert Olstein withdrew a net $21.7M in Q1 2024, closing 2 positions and reducing 52 holdings. Its most notable exit was McDonald's, an estimated $1.19M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 23% of assets, up from 21% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Robert Olstein opened a new position in Middleby worth $6.11M.
- Robert Olstein's largest Q1 2024 buy was Middleby: 38,000 shares worth $6.11M.
- Robert Olstein added most to WESCO International in Q1 2024, an estimated $4.96M increase.
- Robert Olstein's biggest Q1 2024 reduction was General Motors, cutting an estimated $3.89M.
- Robert Olstein fully exited McDonald's in Q1 2024, selling an estimated $1.19M.
- Robert Olstein's ten largest holdings make up 19% of its $611M portfolio in Q1 2024.
- Robert Olstein opened 4 new positions and closed 2 in Q1 2024.
- Robert Olstein's portfolio value rose 3.1% quarter-over-quarter to $611M.
Based on Olstein Capital Management's 13F filing for Q1 2024, filed 19 Apr 2024.