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 | |
|---|---|---|---|---|---|---|
76
Microsoft
MSFT
$3.59T
| $2.94M | 0.48% |
7,000
-3,500
| -33% | -$1.42M |
|
77
Hormel Foods
HRL
$13.1B
| $2.93M | 0.48% |
84,000
| – | – |
|
78
Visa
V
$693B
| $2.93M | 0.48% |
10,500
-2,000
| -16% | -$552K |
|
79
Prestige Consumer Healthcare
PBH
$2.43B
| $2.83M | 0.46% |
39,000
-4,000
| -9% | -$267K |
|
80
S&P Global
SPGI
$127B
| $2.77M | 0.45% |
6,500
-500
| -7% | -$217K |
|
81
Equifax
EFX
$22.6B
| $2.67M | 0.44% |
10,000
-3,500
| -26% | -$891K |
|
82
Moody's
MCO
$87.2B
| $2.56M | 0.42% |
6,500
-500
| -7% | -$193K |
|
83
Apple
AAPL
$4.51T
| $2.49M | 0.41% |
14,500
| – | – |
|
84
Mastercard
MA
$509B
| $2.45M | 0.4% |
5,093
-1,407
| -22% | -$643K |
|
85
Cushman & Wakefield Ltd
CWK
$3.48B
| $2.44M | 0.4% |
233,000
-18,000
| -7% | -$182K |
|
86
Vishay Intertechnology
VSH
$4.85B
| $2.36M | 0.39% |
104,000
+22,000
| +27% | +$490K |
|
87
Johnson Outdoors
JOUT
$497M
| $2.35M | 0.38% |
51,000
+7,000
| +16% | +$322K |
|
88
Brady Corp
BRC
$4.3B
| $2.19M | 0.36% |
37,000
-3,000
| -8% | -$179K |
|
89
Universal Health Services
UHS
$10.4B
| $2.19M | 0.36% |
12,000
-7,500
| -38% | -$1.24M |
|
90
First Hawaiian
FHB
$3.2B
| $2.15M | 0.35% |
98,000
| – | – |
|
91
Home BancShares
HOMB
$6.06B
| $2.14M | 0.35% |
87,000
| – | – |
|
92
Miller Industries
MLR
$649M
| $1.95M | 0.32% |
39,000
-5,000
| -11% | -$218K |
|
93
Prosperity Bancshares
PB
$8.75B
| $1.84M | 0.3% |
28,000
| – | – |
|
94
Timken Company
TKR
$8.67B
| $1.49M | 0.24% |
17,000
| – | – |
|
95
Graham Corp
GHM
$1.19B
| $1.31M | 0.21% |
48,000
-25,859
| -35% | -$580K |
|
96
Wabash National
WNC
$490M
| $1.14M | 0.19% |
38,000
-10,000
| -21% | -$264K |
|
97
Douglas Dynamics
PLOW
$973M
| $1.06M | 0.17% |
+44,000
| New | +$1.11M |
|
98
First Advantage
FA
$3.59B
| $925K | 0.15% |
57,000
| – | – |
|
99
McDonald's
MCD
$192B
| – | – |
-4,000
| Closed | -$1.19M |
|
|
MRSH
100
Marsh
MRSH
$91.6B
| – | – |
-6,000
| Closed | -$1.14M |
|
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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.