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 |
The Greenbrier Companies
GBX
|
+$11.5M |
| 2 |
JNS
Janus Capital Group Inc
JNS
|
+$8.25M |
| 3 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$7.2M |
| 4 |
Pentair
PNR
|
+$6.93M |
| 5 |
BIG
Big Lots, Inc.
BIG
|
+$5.83M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PETM
PETSMART INC
PETM
|
+$12.8M |
| 2 |
CFN
CAREFUSION CORPORATION
CFN
|
+$8.82M |
| 3 |
Ethan Allen Interiors
ETD
|
+$8.41M |
| 4 |
Ross Stores
ROST
|
+$6.33M |
| 5 |
Teleflex
TFX
|
+$6.23M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 23.6% |
| 2 | Industrials | 22.85% |
| 3 | Financials | 14.66% |
| 4 | Technology | 14.22% |
| 5 | Healthcare | 12.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Newell Brands
NWL
$2.59B
| – | – |
-110,000
| Closed | -$3.79M |
|
127
Sysco
SYY
$40.2B
| – | – |
-116,000
| Closed | -$4.4M |
|
128
VF Corp
VFC
$5.65B
| – | – |
-55,224
| Closed | -$3.43M |
|
129
Dentsply Sirona
XRAY
$2.18B
| – | – |
-70,000
| Closed | -$3.19M |
|
|
AEGN
130
DELISTED
Aegion Corp
AEGN
| – | – |
-89,000
| Closed | -$1.98M |
|
|
AVX
131
DELISTED
AVX Corporation
AVX
| – | – |
-44,000
| Closed | -$584K |
|
|
CFN
132
DELISTED
CAREFUSION CORPORATION
CFN
| – | – |
-195,000
| Closed | -$8.82M |
|
|
PETM
133
DELISTED
PETSMART INC
PETM
| – | – |
-182,000
| Closed | -$12.8M |
|
|
BCR
134
DELISTED
CR Bard Inc.
BCR
| – | – |
-34,000
| Closed | -$4.85M |
|
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Robert Olstein's Q4 2014 Portfolio in Review
As of Q4 2014, Robert Olstein held 134 positions worth $819M, up 6.7% from $768M the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Robert Olstein's Q4 2014 filing shows 9 new, 62 increased, 38 reduced and 16 closed positions. Its largest new stake was Twenty-First Century Fox, Inc. Class B: 211,000 shares worth $7.78M. The largest sale was PETSMART INC, an estimated $12.8M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 24% of assets, down from 25% a quarter earlier, followed by Industrials and Financials.
- Robert Olstein's largest Q4 2014 buy was Twenty-First Century Fox, Inc. Class B: 211,000 shares worth $7.78M.
- Robert Olstein added most to The Greenbrier Companies in Q4 2014, an estimated $11.5M increase.
- Robert Olstein's biggest Q4 2014 reduction was Ross Stores, cutting an estimated $6.33M.
- Robert Olstein fully exited PETSMART INC in Q4 2014, selling an estimated $12.8M.
- Robert Olstein's ten largest holdings make up 16% of its $819M portfolio in Q4 2014.
- Robert Olstein opened 9 new positions and closed 16 in Q4 2014.
- Robert Olstein's portfolio value rose 6.7% quarter-over-quarter to $819M.
Based on Olstein Capital Management's 13F filing for Q4 2014, filed 4 Feb 2015.