Portfolio holdings of Robert Olstein - Olstein Capital Management. Robert Olstein - Olstein Capital Management stock picks:. Stock Holdings page.
Robert Olstein - Olstein Capital Management
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Philosophy
There is a strong correlation between above-average investment performance and error avoidance. To achieve long-term success, an investor must first consider downside risk before considering the potential for appreciation.
A company’s stock price often falls below its private market value due to temporary problems such as missed earnings estimates, over-reaction to short-term results or overall negative market psychology. These short-term deviations may present viable opportunities for the patient, long-term investor.
Excess cash flow is the lifeblood of a business and is the primary determinant of a company's private market value. Companies that generate excess cash flow have the potential to enhance shareholder by increasing dividend payments, repurchasing company shares, reducing outstanding debt, engaging in strategic acquisitions, on withstanding economic downturns without adopting harmful short-term strategies.
Forensic analysis of financial statements reveals the Quality of a company’s Earnings, the success of its strategy, sustainability of its performance and impact of management decisions on future cash flow. Forensic analysis of financial statements is more useful to an investor than management forecasts or earnings guidance.
Emphasizes investments in undervalued equity securities of companies with discernible financial strength, unique business fundamentals, competitive edge and ability to generate free cash flow
Analysis focuses on how a company’s operations generate sustainable free cash flow; how much of that cash is available to investors and the level of ongoing investment required to maintain and grow free cash flow
Valuations based on free cash flow. Reliable valuations require determining if a company’s accounting policies reflect business reality; assessing a company’s Quality of Earnings; accounting adjustments to eliminate management bias, and identifying positive or negative factors that may affect future free cash flow
There is a strong correlation between above-average investment performance and error avoidance. To achieve long-term success, an investor must first consider downside risk before considering the potential for appreciation.
A company’s stock price often falls below its private market value due to temporary problems such as missed earnings estimates, over-reaction to short-term results or overall negative market psychology. These short-term deviations may present viable opportunities for the patient, long-term investor.
Excess cash flow is the lifeblood of a business and is the primary determinant of a company's private market value. Companies that generate excess cash flow have the potential to enhance shareholder by increasing dividend payments, repurchasing company shares, reducing outstanding debt, engaging in strategic acquisitions, on withstanding economic downturns without adopting harmful short-term strategies.
Forensic analysis of financial statements reveals the Quality of a company’s Earnings, the success of its strategy, sustainability of its performance and impact of management decisions on future cash flow. Forensic analysis of financial statements is more useful to an investor than management forecasts or earnings guidance.
Emphasizes investments in undervalued equity securities of companies with discernible financial strength, unique business fundamentals, competitive edge and ability to generate free cash flow
Analysis focuses on how a company’s operations generate sustainable free cash flow; how much of that cash is available to investors and the level of ongoing investment required to maintain and grow free cash flow
Valuations based on free cash flow. Reliable valuations require determining if a company’s accounting policies reflect business reality; assessing a company’s Quality of Earnings; accounting adjustments to eliminate management bias, and identifying positive or negative factors that may affect future free cash flow
Period: Q3 2024
Portfolio date: 30 Sep 2024
No. of stocks: 98
Portfolio value: $587,721,000
History | Stock | % of Portfolio |
RecentActivity | Shares | ReportedPrice* | Value | Current Price |
+/-Reported Price |
52Week Low |
52Week High |
|
≡ | DIS - Walt Disney Co. | 2.57 | Add 31.93% | 157,000 | $96.19 | $15,102,000 | $115.99 | 20.58% | |||
≡ | ST - Sensata Technologies Holding | 2.26 | Add 8.48% | 371,000 | $35.86 | $13,304,000 | $31.83 | -11.24% | $30.44 | $42.84 | |
≡ | KLIC - Kulicke & Soffa Ind. | 1.89 | Add 22.59% | 246,405 | $45.13 | $11,120,000 | $49.60 | 9.90% | $38.01 | $55.97 | |
≡ | UPS - United Parcel Service | 1.81 | Add 14.71% | 78,000 | $136.35 | $10,635,000 | $128.11 | -6.04% | $120.09 | $156.28 | |
≡ | BAX - Baxter International Inc. | 1.78 | Add 1.10% | 276,000 | $37.97 | $10,480,000 | $32.99 | -13.12% | $31.44 | $43.07 | |
≡ | CVS - CVS Health Corp. | 1.77 | Add 6.45% | 165,000 | $62.88 | $10,375,000 | $58.07 | -7.65% | $51.61 | $79.91 | |
≡ | VNT - Vontier Corp. | 1.76 | Add 50.49% | 307,000 | $33.74 | $10,358,000 | $38.76 | 14.88% | |||
≡ | SLB - Schlumberger Ltd. | 1.74 | Add 46.99% | 244,000 | $41.95 | $10,236,000 | $42.36 | 0.98% | $38.66 | $54.98 | |
≡ | ABM - ABM Industries | 1.70 | Reduce 34.82% | 189,000 | $52.76 | $9,972,000 | $56.73 | 7.52% | $39.09 | $59.52 | |
≡ | LKQ - LKQ Corp. | 1.70 | Add 23.76% | 250,000 | $39.92 | $9,980,000 | $39.50 | -1.05% | $35.03 | $52.50 | |
≡ | JNJ - Johnson & Johnson | 1.68 | 61,000 | $162.07 | $9,886,000 | $150.28 | -7.27% | $139.79 | $167.51 | ||
≡ | CTVA - Corteva Inc. | 1.63 | Add 2.49% | 162,960 | $58.79 | $9,580,000 | $61.43 | 4.49% | |||
≡ | MIDD - Middleby Corp. | 1.62 | Add 3.01% | 68,500 | $139.12 | $9,530,000 | $141.95 | 2.03% | $118.41 | $161.02 | |
≡ | DIN - Dine Brands Global Inc. | 1.61 | Add 25.08% | 302,205 | $31.23 | $9,438,000 | $34.41 | 10.18% | $27.78 | $49.43 | |
≡ | WCC - WESCO International Inc. | 1.59 | Add 16.26% | 55,807 | $167.97 | $9,374,000 | $208.28 | 24.00% | $131.37 | $216.17 | |
≡ | OMC - Omnicom Group | 1.57 | Add 1.73% | 89,000 | $103.39 | $9,202,000 | $103.34 | -0.05% | $78.51 | $107.00 | |
≡ | BDX - Becton Dickinson | 1.56 | Add 26.67% | 38,000 | $241.11 | $9,162,000 | $221.89 | -7.97% | $217.86 | $246.89 | |
≡ | DAL - Delta Air Lines Inc. | 1.51 | Add 32.58% | 175,000 | $50.79 | $8,888,000 | $63.15 | 24.34% | $35.95 | $66.25 | |
≡ | CBRE - CBRE Group | 1.50 | Reduce 17.44% | 71,000 | $124.48 | $8,838,000 | $135.80 | 9.09% | $80.59 | $142.00 | |
≡ | CFG - Citizens Financial Group Inc. | 1.48 | Reduce 29.50% | 211,500 | $41.07 | $8,686,000 | $46.22 | 12.54% | $26.76 | $49.25 | |
≡ | FDX - FedEx Corp. | 1.47 | Add 14.55% | 31,500 | $273.68 | $8,621,000 | $283.60 | 3.62% | $230.87 | $312.31 | |
≡ | IVZ - Invesco Ltd | 1.47 | Reduce 4.46% | 491,996 | $17.56 | $8,639,000 | $18.04 | 2.73% | $13.64 | $18.72 | |
≡ | MHK - Mohawk Industries | 1.47 | Reduce 34.51% | 53,700 | $160.69 | $8,629,000 | $131.20 | -18.35% | $90.23 | $164.29 | |
≡ | ZBH - Zimmer Biomet Holdings | 1.47 | Add 3.36% | 80,000 | $107.95 | $8,636,000 | $111.15 | 2.96% | $101.47 | $133.31 | |
≡ | CSCO - Cisco Systems | 1.46 | Reduce 8.52% | 161,000 | $53.22 | $8,568,000 | $59.33 | 11.48% | $44.16 | $59.87 | |
≡ | DE - Deere & Co. | 1.46 | 20,500 | $417.32 | $8,555,000 | $454.13 | 8.82% | $339.00 | $469.39 | ||
≡ | DGX - Quest Diagnostics | 1.46 | Reduce 17.44% | 55,318 | $155.25 | $8,588,000 | $160.75 | 3.54% | $121.09 | $165.32 | |
≡ | IFF - International Flavors & Fragrances Inc. | 1.45 | Reduce 7.95% | 81,000 | $104.93 | $8,499,000 | $89.08 | -15.11% | $72.01 | $106.77 | |
≡ | USB - U.S. Bancorp | 1.39 | Reduce 17.00% | 179,000 | $45.73 | $8,186,000 | $51.65 | 12.95% | $36.93 | $53.98 | |
≡ | CMI - Cummins Inc. | 1.38 | 25,000 | $323.80 | $8,095,000 | $375.43 | 15.95% | $219.45 | $379.66 | ||
≡ | APTV - Aptiv PLC | 1.34 | Add 32.93% | 109,000 | $72.01 | $7,849,000 | $56.23 | -21.91% | $51.47 | $91.66 | |
≡ | MDT - Medtronic plc | 1.33 | Add 19.18% | 87,000 | $90.03 | $7,833,000 | $85.44 | -5.10% | $75.37 | $92.68 | |
≡ | TGT - Target Corp. | 1.33 | Add 8.70% | 50,000 | $155.86 | $7,793,000 | $129.46 | -16.94% | $120.21 | $177.93 | |
≡ | LUV - Southwest Airlines | 1.30 | Add 33.68% | 258,000 | $29.63 | $7,645,000 | $33.45 | 12.89% | $23.44 | $34.62 | |
≡ | WTW - Willis Towers Watson plc | 1.30 | Reduce 1.89% | 26,000 | $294.54 | $7,658,000 | $331.44 | 12.53% | |||
≡ | SSNC - SS&C Technologies Holdings Inc. | 1.29 | Reduce 27.66% | 102,000 | $74.21 | $7,569,000 | $76.66 | 3.30% | $55.31 | $77.44 | |
≡ | GLW - Corning Inc. | 1.28 | Reduce 21.23% | 167,000 | $45.15 | $7,540,000 | $49.02 | 8.57% | $27.49 | $50.73 | |
≡ | TRV - Travelers Companies Inc. | 1.27 | Add 3.23% | 32,000 | $234.13 | $7,492,000 | $259.81 | 10.97% | $177.85 | $269.56 | |
≡ | JLL - Jones Lang Lasalle Inc. | 1.26 | Reduce 37.50% | 27,500 | $269.82 | $7,420,000 | $274.26 | 1.65% | $159.52 | $288.50 | |
≡ | SWK - Stanley Black & Decker Inc. | 1.26 | Reduce 21.18% | 67,000 | $110.13 | $7,379,000 | $86.35 | -21.59% | $76.37 | $109.87 | |
≡ | FIS - Fidelity National Information Services | 1.24 | Reduce 11.88% | 87,239 | $83.75 | $7,306,000 | $85.18 | 1.71% | $56.32 | $91.98 | |
≡ | GM - General Motors | 1.24 | Add 14.89% | 162,000 | $44.84 | $7,264,000 | $52.89 | 17.95% | $32.34 | $61.24 | |
≡ | FITB - Fifth Third Bancorp | 1.20 | Reduce 23.61% | 165,000 | $42.84 | $7,069,000 | $46.61 | 8.80% | $28.89 | $49.07 | |
≡ | RTX - RTX Corp. | 1.20 | Reduce 17.14% | 58,000 | $121.16 | $7,027,000 | $118.94 | -1.83% | |||
≡ | UNH - United Health Group Inc. | 1.19 | Reduce 27.27% | 12,000 | $584.67 | $7,016,000 | $608.02 | 3.99% | $433.00 | $630.73 | |
≡ | WFC - Wells Fargo | 1.19 | Add 2.48% | 124,000 | $56.49 | $7,005,000 | $72.80 | 28.87% | $43.27 | $78.13 | |
≡ | HOLX - Hologic Inc. | 1.18 | Reduce 7.61% | 85,000 | $81.46 | $6,924,000 | $76.95 | -5.54% | $67.59 | $84.67 | |
≡ | KMB - Kimberly-Clark | 1.16 | 48,000 | $142.27 | $6,829,000 | $136.24 | -4.24% | $114.53 | $148.32 | ||
≡ | HSIC - Henry Schein Inc. | 1.15 | Add 8.14% | 93,000 | $72.90 | $6,780,000 | $74.39 | 2.04% | $63.67 | $82.63 | |
≡ | EMN - Eastman Chemical | 1.10 | Add 19.79% | 57,500 | $111.95 | $6,437,000 | $101.70 | -9.16% | $78.73 | $114.50 | |
≡ | FTV - Fortive Corp. | 1.07 | Add 58.81% | 79,500 | $78.93 | $6,275,000 | $78.47 | -0.58% | $66.01 | $86.82 | |
≡ | GOOG - Alphabet Inc. CL C | 1.05 | Add 23.33% | 37,000 | $167.19 | $6,186,000 | $175.80 | 5.15% | $129.08 | $193.06 | |
≡ | AVTR - Avantor arinc. | 1.03 | Reduce 19.30% | 235,000 | $25.87 | $6,079,000 | $21.24 | -17.90% | |||
≡ | DENN - Denny's Corp. | 1.01 | Add 2.23% | 916,400 | $6.45 | $5,911,000 | $6.28 | -2.64% | $5.37 | $11.16 | |
≡ | KFY - Korn Ferry | 0.96 | Reduce 26.27% | 75,200 | $75.24 | $5,658,000 | $78.76 | 4.68% | $50.53 | $80.64 | |
≡ | BRK.B - Berkshire Hathaway CL B | 0.95 | Reduce 10.37% | 12,100 | $460.25 | $5,569,000 | $467.01 | 1.47% | $350.85 | $491.67 | |
≡ | DOV - Dover Corp. | 0.95 | Add 3.57% | 29,000 | $191.72 | $5,560,000 | $202.47 | 5.61% | $139.60 | $207.74 | |
≡ | LHX - L3Harris Technologies Inc. | 0.94 | Reduce 25.22% | 23,182 | $237.86 | $5,514,000 | $240.75 | 1.22% | |||
≡ | REYN - Reynolds Consumer Products Inc. | 0.88 | Reduce 39.20% | 165,376 | $31.10 | $5,143,000 | $27.63 | -11.16% | |||
≡ | CMCSA - Comcast Corp. | 0.79 | Add 23.33% | 111,000 | $41.77 | $4,636,000 | $42.44 | 1.60% | $35.87 | $46.04 | |
≡ | GS - Goldman Sachs Group | 0.78 | Reduce 23.33% | 9,200 | $495.11 | $4,555,000 | $597.14 | 20.61% | $332.49 | $611.91 | |
≡ | GD - General Dynamics | 0.77 | Add 36.36% | 15,000 | $302.20 | $4,533,000 | $277.87 | -8.05% | $243.18 | $316.90 | |
≡ | EBAY - eBay Inc. | 0.73 | Reduce 35.29% | 66,000 | $65.11 | $4,297,000 | $63.27 | -2.83% | $39.40 | $67.52 | |
≡ | NDAQ - Nasdaq Inc. | 0.73 | Buy | 59,000 | $73.02 | $4,308,000 | $80.83 | 10.70% | $53.03 | $83.77 | |
≡ | TXN - Texas Instruments | 0.72 | Reduce 4.65% | 20,500 | $206.59 | $4,235,000 | $196.25 | -5.01% | $149.75 | $220.39 | |
≡ | MSFT - Microsoft Corp. | 0.70 | Add 35.71% | 9,500 | $430.32 | $4,088,000 | $436.41 | 1.42% | $360.21 | $466.57 | |
≡ | AXTA - Axalta Coating Systems Ltd. | 0.63 | 103,000 | $36.19 | $3,728,000 | $40.38 | 11.58% | $30.40 | $41.66 | ||
≡ | GTES - Gates Industrial Corp. | 0.54 | Reduce 9.95% | 181,000 | $17.55 | $3,177,000 | $22.20 | 26.50% | $11.22 | $22.53 | |
≡ | AAPL - Apple Inc. | 0.52 | Reduce 10.34% | 13,000 | $233.00 | $3,029,000 | $242.03 | 3.88% | $163.48 | $243.63 | |
≡ | FI - Fiserv Inc. | 0.52 | Add 30.77% | 17,000 | $179.65 | $3,054,000 | $213.49 | 18.84% | |||
≡ | SHYF - Shyft Group Inc. | 0.52 | Reduce 13.70% | 244,000 | $12.55 | $3,062,000 | $13.35 | 6.37% | |||
≡ | META - Meta Platforms Inc. | 0.51 | Reduce 13.33% | 5,200 | $572.50 | $2,977,000 | $609.18 | 6.41% | |||
≡ | HON - Honeywell Int'l Inc. | 0.49 | Buy | 14,000 | $206.71 | $2,894,000 | $228.63 | 10.60% | $185.69 | $241.58 | |
≡ | V - Visa Inc. | 0.49 | 10,500 | $274.95 | $2,887,000 | $309.68 | 12.63% | $250.23 | $317.42 | ||
≡ | IART - Integra LifeSciences Holdings | 0.48 | Add 37.17% | 155,000 | $18.17 | $2,816,000 | $24.08 | 32.53% | $16.81 | $45.42 | |
≡ | SPGI - S&P Global Inc. | 0.47 | Reduce 16.92% | 5,400 | $516.67 | $2,790,000 | $522.94 | 1.21% | $405.38 | $532.36 | |
≡ | PBH - Prestige Consumer Healthcare | 0.43 | Reduce 28.57% | 35,000 | $72.11 | $2,524,000 | $85.22 | 18.18% | $57.95 | $86.36 | |
≡ | WGO - Winnebago Industries Inc. | 0.43 | Reduce 24.56% | 43,000 | $58.12 | $2,499,000 | $56.54 | -2.72% | $49.37 | $73.89 | |
≡ | CENTA - Central Garden & Pet | 0.41 | Reduce 3.80% | 76,000 | $31.39 | $2,386,000 | $34.30 | 9.27% | $27.70 | $41.03 | |
≡ | CWK - Cushman & Wakefield Plc | 0.40 | Reduce 26.61% | 171,000 | $13.63 | $2,331,000 | $15.05 | 10.42% | $8.42 | $16.11 | |
≡ | EFX - Equifax Inc. | 0.40 | Reduce 20.00% | 8,000 | $293.88 | $2,351,000 | $261.48 | -11.02% | $212.08 | $309.15 | |
≡ | MA - Mastercard Inc. | 0.40 | Reduce 5.89% | 4,793 | $493.85 | $2,367,000 | $519.32 | 5.16% | $401.99 | $535.77 | |
≡ | VSH - Vishay Intertechnology | 0.39 | Add 15.38% | 120,000 | $18.91 | $2,269,000 | $19.11 | 1.06% | $14.87 | $24.42 | |
≡ | JOUT - Johnson Outdoors Inc. | 0.33 | Reduce 18.18% | 54,000 | $36.20 | $1,955,000 | $33.49 | -7.49% | $31.60 | $53.47 | |
≡ | MCO - Moody's Corp. | 0.33 | Reduce 36.92% | 4,100 | $474.63 | $1,946,000 | $496.57 | 4.62% | $358.01 | $503.95 | |
≡ | BLBD - Blue Bird Corp. | 0.32 | Reduce 17.02% | 39,000 | $47.95 | $1,870,000 | $42.30 | -11.78% | $19.30 | $59.40 | |
≡ | PLOW - Douglas Dynamics | 0.31 | Reduce 6.94% | 67,000 | $27.58 | $1,848,000 | $25.96 | -5.87% | $20.85 | $30.64 | |
≡ | HOMB - Home Bancshares Inc. | 0.30 | Reduce 23.26% | 66,000 | $27.09 | $1,788,000 | $31.04 | 14.58% | $21.79 | $32.91 | |
≡ | MLR - Miller Industries Inc. | 0.30 | Reduce 12.12% | 29,000 | $61.00 | $1,769,000 | $73.75 | 20.90% | $37.83 | $78.05 | |
≡ | FHB - First Hawaiian Inc. | 0.29 | Reduce 26.00% | 74,000 | $23.15 | $1,713,000 | $26.91 | 16.24% | $19.08 | $28.80 | |
≡ | BRC - Brady Corp. | 0.26 | Reduce 33.33% | 20,000 | $76.65 | $1,533,000 | $74.86 | -2.34% | $55.15 | $77.68 | |
≡ | PB - Prosperity Bancshares Inc. | 0.25 | Reduce 28.57% | 20,000 | $72.05 | $1,441,000 | $82.63 | 14.68% | $56.71 | $86.76 | |
≡ | AXP - American Express | 0.23 | Reduce 66.67% | 5,000 | $271.20 | $1,356,000 | $301.00 | 10.99% | $163.97 | $307.82 | |
≡ | FA - First Advantage Corp | 0.22 | Reduce 9.59% | 66,000 | $19.85 | $1,310,000 | $19.68 | -0.86% | |||
≡ | TKR - Timken Co. | 0.21 | 14,500 | $84.28 | $1,222,000 | $76.70 | -8.99% | $72.02 | $93.54 | ||
≡ | AGCO - AGCO Corp. | 0.20 | Add 100.00% | 12,000 | $97.83 | $1,174,000 | $98.95 | 1.14% | $83.80 | $125.88 | |
≡ | CARR - Carrier Global Corp. | 0.18 | Reduce 71.74% | 13,000 | $80.46 | $1,046,000 | $75.29 | -6.43% | |||
≡ | GHM - Graham Corp. | 0.18 | Reduce 4.64% | 36,000 | $29.58 | $1,065,000 | $44.13 | 49.19% | $17.02 | $46.05 |
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
Sector % analysis
Industrials | 16.42 | |
Financials | 15.92 | |
Health Care | 13.71 | |
Consumer Discretionary | 12.83 | |
Information Technology | 8.93 | |
Services | 6.61 | |
Materials | 5.84 | |
Technology | 5.13 | |
Consumer Goods | 4.86 | |
Consumer Staples | 4.22 | |
Industrial Goods | 3.41 | |
Energy | 1.74 | |
Real Estate | 0.40 |
Articles & Commentaries
10 Dec 2016 Bob Olstein: Undervalued stocks to own now
23 Jun 2016 Bob Olstein on the mutual fund industry
02 Mar 2016 Olstein Value Fund 2015 Annual Report
09 Aug 2015 Bob Olstein on Wall Street Week
07 Aug 2015 Bob Olstein Is Heavily Bullish On GM and DDS
17 Jun 2015 Robert Olstein: Index mania misleading investors
01 Jun 2015 Olstein Value Fund Q1 2015 Commentary
28 May 2015 Is Boring Beautiful?
05 May 2015 5 unloved but cash rich stock picks
05 May 2015 Value in Turnaround Situations
10 Mar 2015 Olstein Funds Dec 31, 2014 Report
13 Jan 2015 Robert Olstein's 3 stock picks
20 Nov 2014 Olstein Value Fund Nov 14, 2014 Commentary
12 Nov 2014 Olstein's boring stock picks
27 Oct 2014 Robert Olstein: Amazon's cash flow not OK
05 Sep 2014 Olstein Funds Annual (Jun 30th) Report
03 Jul 2014 Robert Olstein on CNBC
06 Mar 2014 Olstein Funds Dec 31, 2013 Report
19 Dec 2013 Beating the Market, as a Reachable Goal
18 Nov 2013 Robert Olstein: Don't chase fad stocks
05 Sep 2013 Olstein Funds - June 30 Letter
18 Apr 2013 How to Unlock That Stashed Foreign Cash
04 Mar 2013 Olstein Value Fund - Q4 2012 Commentary