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 |
ScottsMiracle-Gro
SMG
|
+$5.6M |
| 2 |
Warner Bros
WBD
|
+$2.92M |
| 3 |
Intel
INTC
|
+$2.83M |
| 4 |
SLB Ltd
SLB
|
+$2.36M |
| 5 |
Microsoft
MSFT
|
+$2.11M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Zimmer Biomet
ZBH
|
+$10.6M |
| 2 |
WRK
WestRock Company
WRK
|
+$9.72M |
| 3 |
PARA
Paramount Global Class B
PARA
|
+$5.33M |
| 4 |
Western Digital
WDC
|
+$4.71M |
| 5 |
Automatic Data Processing
ADP
|
+$3.36M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 18.29% |
| 2 | Consumer Discretionary | 16.67% |
| 3 | Financials | 15.93% |
| 4 | Technology | 15.35% |
| 5 | Healthcare | 14.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Warner Bros
WBD
$71.6B
| $11.1M | 1.86% |
963,700
+214,700
| +29% | +$2.92M |
|
2
Sensata Technologies
ST
$6.23B
| $10.4M | 1.75% |
280,000
+30,000
| +12% | +$1.26M |
|
3
Alphabet (Google) Class C
GOOG
$4.18T
| $10M | 1.68% |
104,000
-4,000
| -4% | -$447K |
|
4
Cisco
CSCO
$438B
| $9.96M | 1.67% |
249,000
+3,000
| +1% | +$133K |
|
5
Generac Holdings
GNRC
$12.2B
| $9.75M | 1.63% |
54,750
+8,340
| +18% | +$1.91M |
|
|
WCC
6
WESCO International
WCC
$17B
| $9.67M | 1.62% |
81,000
-15,400
| -16% | -$1.93M |
|
7
Dine Brands
DIN
$454M
| $9.6M | 1.61% |
151,000
-3,000
| -2% | -$209K |
|
8
Johnson & Johnson
JNJ
$651B
| $9.47M | 1.59% |
58,000
-3,000
| -5% | -$508K |
|
9
Invesco
IVZ
$14.1B
| $9.28M | 1.56% |
677,200
| – | – |
|
|
10
Zimmer Biomet
ZBH
$19.3B
| $9.25M | 1.55% |
88,500
-96,500
| -52% | -$10.6M |
|
11
Kulicke & Soffa
KLIC
$4.49B
| $9.19M | 1.54% |
238,400
+40,400
| +20% | +$1.79M |
|
12
Baxter International
BAX
$13.6B
| $8.99M | 1.51% |
167,000
+27,000
| +19% | +$1.62M |
|
13
Reynolds Consumer Products
REYN
$5.37B
| $8.76M | 1.47% |
336,750
-2,800
| -0.8% | -$79K |
|
14
Jones Lang LaSalle
JLL
$17.8B
| $8.54M | 1.43% |
56,500
+500
| +0.9% | +$87.1K |
|
15
Corning
GLW
$129B
| $8.53M | 1.43% |
294,000
| – | – |
|
16
Mohawk Industries
MHK
$9.23B
| $8.48M | 1.42% |
93,000
+15,794
| +20% | +$1.83M |
|
|
WBA
17
DELISTED
Walgreens Boots Alliance
WBA
| $8.35M | 1.4% |
266,000
+43,000
| +19% | +$1.59M |
|
18
Quest Diagnostics
DGX
$27B
| $8.27M | 1.39% |
67,400
| – | – |
|
19
Becton Dickinson
BDX
$52.3B
| $8.24M | 1.38% |
37,000
-1,000
| -3% | -$249K |
|
20
United Parcel Service
UPS
$86.8B
| $8.08M | 1.35% |
50,000
-2,000
| -4% | -$379K |
|
21
SS&C Technologies
SSNC
$19.5B
| $8.07M | 1.35% |
169,000
+9,000
| +6% | +$518K |
|
22
Goldman Sachs
GS
$303B
| $8.06M | 1.35% |
27,500
| – | – |
|
23
Walt Disney
DIS
$186B
| $8.02M | 1.34% |
85,000
+10,000
| +13% | +$1.07M |
|
24
Cummins
CMI
$80.9B
| $8M | 1.34% |
39,300
| – | – |
|
25
ABM Industries
ABM
$2.74B
| $7.95M | 1.33% |
208,000
+43,147
| +26% | +$1.89M |
|
Similar funds
Robert Olstein's Q3 2022 Portfolio in Review
As of Q3 2022, Robert Olstein held 104 positions worth $597M, down 11% from $667M the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Trading was light in Q3 2022: portfolio turnover was 3.8%. Robert Olstein opened no new positions and exited 4, leaving the 104-position portfolio largely intact.
By sector, the portfolio is most concentrated in Industrials at 18% of assets, up from 17% a quarter earlier, followed by Consumer Discretionary and Financials.
- Robert Olstein added most to ScottsMiracle-Gro in Q3 2022, an estimated $5.6M increase.
- Robert Olstein's biggest Q3 2022 reduction was Zimmer Biomet, cutting an estimated $10.6M.
- Robert Olstein fully exited Paramount Global Class B in Q3 2022, selling an estimated $5.33M.
- Robert Olstein's ten largest holdings make up 17% of its $597M portfolio in Q3 2022.
- Robert Olstein opened 0 new positions and closed 4 in Q3 2022.
- Robert Olstein's portfolio value fell 11% quarter-over-quarter to $597M.
Based on Olstein Capital Management's 13F filing for Q3 2022, filed 19 Oct 2022.