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 |
Smith & Wesson
SWBI
|
+$9.73M |
| 2 |
Dorman Products
DORM
|
+$8.21M |
| 3 |
Dover
DOV
|
+$5.66M |
| 4 |
Universal Health Services
UHS
|
+$5.31M |
| 5 |
FNFG
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
|
+$5.28M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BRSL
Brightstar Lottery PLC
BRSL
|
+$14.9M |
| 2 |
URS
URS CORP
URS
|
+$10.6M |
| 3 |
ANN
ANN INC
ANN
|
+$6.92M |
| 4 |
PETM
PETSMART INC
PETM
|
+$5.5M |
| 5 |
SAVE
Spirit Airlines, Inc.
SAVE
|
+$5.11M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 24.63% |
| 2 | Industrials | 19.27% |
| 3 | Healthcare | 16.34% |
| 4 | Technology | 12.77% |
| 5 | Financials | 12.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Deere & Co
DE
$175B
| $3.44M | 0.45% |
42,000
+5,000
| +14% | +$428K |
|
102
VF Corp
VFC
$5.65B
| $3.43M | 0.45% |
55,224
| – | – |
|
103
Dentsply Sirona
XRAY
$2.18B
| $3.19M | 0.42% |
70,000
| – | – |
|
104
McDonald's
MCD
$192B
| $3.13M | 0.41% |
33,000
| – | – |
|
105
Standard Motor Products
SMP
$863M
| $3.06M | 0.4% |
89,000
+21,000
| +31% | +$811K |
|
106
NOV
NOV
$7.28B
| $3.04M | 0.4% |
40,000
-26,000
| -39% | -$2.15M |
|
107
ExxonMobil
XOM
$679B
| $2.92M | 0.38% |
31,000
| – | – |
|
108
Integra LifeSciences
IART
$1.3B
| $2.73M | 0.36% |
134,556
| – | – |
|
|
PBPB
109
DELISTED
Potbelly
PBPB
| $2.46M | 0.32% |
211,000
+30,000
| +17% | +$370K |
|
110
Culp Inc
CULP
$43.5M
| $2.45M | 0.32% |
135,000
+30,000
| +29% | +$536K |
|
111
Harmonic Inc
HLIT
$1.36B
| $2.09M | 0.27% |
330,000
+137,000
| +71% | +$887K |
|
112
Ceco Environmental
CECO
$4.19B
| $2.05M | 0.27% |
153,000
+26,000
| +20% | +$370K |
|
|
GSIG
113
DELISTED
GSI GROUP INC COM STK (CDA)
GSIG
| $2.04M | 0.27% |
178,000
+37,000
| +26% | +$451K |
|
|
AEGN
114
DELISTED
Aegion Corp
AEGN
| $1.98M | 0.26% |
89,000
+5,000
| +6% | +$118K |
|
115
Walt Disney
DIS
$186B
| $1.78M | 0.23% |
20,000
-4,000
| -17% | -$353K |
|
|
ACAT
116
DELISTED
Arctic Cat Inc
ACAT
| $1.78M | 0.23% |
51,000
-12,000
| -19% | -$443K |
|
117
3M
MMM
$92.3B
| $1.7M | 0.22% |
14,352
| – | – |
|
|
SCS
118
DELISTED
Steelcase
SCS
| $1.62M | 0.21% |
100,000
| – | – |
|
|
NUTR
119
DELISTED
Nutraceutical International Co
NUTR
| $1.61M | 0.21% |
77,000
+6,000
| +8% | +$140K |
|
120
Lifetime Brands
LCUT
$211M
| $1.56M | 0.2% |
+102,000
| New | +$1.71M |
|
121
Kadant
KAI
$3.7B
| $1.29M | 0.17% |
33,000
| – | – |
|
122
Miller Industries
MLR
$649M
| $1.03M | 0.13% |
61,000
| – | – |
|
123
Rocky Brands
RCKY
$351M
| $1M | 0.13% |
71,000
| – | – |
|
124
Fox Factory Holding Corp
FOXF
$918M
| $589K | 0.08% |
+38,000
| New | +$594K |
|
|
AVX
125
DELISTED
AVX Corporation
AVX
| $584K | 0.08% |
44,000
| – | – |
|
Similar funds
Robert Olstein's Q3 2014 Portfolio in Review
As of Q3 2014, Robert Olstein held 132 positions worth $768M, up 3.7% from $741M the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Robert Olstein deployed $37.9M of net new capital in Q3 2014, opening 9 new positions and adding to 48 existing holdings. Its largest new stake was Dover: 80,470 shares worth $5.22M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 25% of assets, down from 26% a quarter earlier, followed by Industrials and Healthcare.
On the sell side, the largest reduction was PETSMART INC, an estimated $5.5M trimmed.
- Robert Olstein's largest Q3 2014 buy was Dover: 80,470 shares worth $5.22M.
- Robert Olstein added most to Smith & Wesson in Q3 2014, an estimated $9.73M increase.
- Robert Olstein's biggest Q3 2014 reduction was PETSMART INC, cutting an estimated $5.5M.
- Robert Olstein fully exited Brightstar Lottery PLC in Q3 2014, selling an estimated $14.9M.
- Robert Olstein's ten largest holdings make up 15% of its $768M portfolio in Q3 2014.
- Robert Olstein opened 9 new positions and closed 7 in Q3 2014.
- Robert Olstein's portfolio value rose 3.7% quarter-over-quarter to $768M.
Based on Olstein Capital Management's 13F filing for Q3 2014, filed 14 Nov 2014.