Robert Olstein
Olstein Capital Management
Robert Olstein (Olstein Capital Management) discloses a $458M portfolio across 99 US-listed positions in the latest 13F filing (2026Q1, filed Apr 21, 2026). The largest holding is DIS at 2.2% of the book. The biggest move of the quarter: added 48% to the AVTR share count (position now $9M). Latticework's clone backtest puts this 13F book at -5.2%/yr vs SPY over 12.0 years.
About Robert Olstein
Robert Olstein founded Olstein Capital Management in 1995 after building his reputation as a forensic accountant — most visibly through his long-running Financial Analysts Journal series and the "Quality of Earnings" report he co-authored with Thornton O'Glove in the early 1970s, work that made him one of the more rigorous earnings-quality analysts of his generation before he moved into portfolio management. His style is bottom-up value with an explicit accounting-skepticism overlay: the edge, in theory, is identifying companies where GAAP earnings overstate or understate economic reality, then acting on the gap. In practice, the current 13F reflects a highly diversified book — 99 positions with top-5 concentration around 10% and largest single weight near 2% — which is more consistent with a broad-screen value approach than a high-conviction concentrated one. Readers should note that the 12-year clone backtest shows roughly 5 percentage points of annual underperformance versus SPY on a disclosed-holdings basis, the standard caveat being that 13F filings capture long equity positions only, with a 45-day lag, and say nothing about hedges, cash levels, or timing of entries and exits within a quarter.
2026Q1 brief
Robert Olstein's $460M quality-at-a-discount book shifted decisively toward financial-technology and business-services names in Q1 2026. The standout moves: SSNC nearly doubled (+91%, now 1.5%), KFY surged +56% (1.6%), WTW rose +54% (1.5%), and FIS jumped +43% (1.8%)—collectively a concentrated bet on undervalued financial infrastructure and HR/professional services. New position BAH at 1.1% is interesting given defense-spending scrutiny, suggesting Olstein sees the selloff as overdone. On the sell side, FDX was cut nearly in half (-47%) and TGT trimmed 43%, reducing exposure to logistics and discretionary retail where earnings visibility is poor. Exits from DE (0.7%) and CMI (0.5%) complete a rotation away from industrial cyclicals. The portfolio's top-5 concentration at just 10.4% across 99 positions remains unusually diversified for a $460M fund, consistent with Olstein's forensic, stock-by-stock approach. Watch next filing: whether the financial-tech cluster (FIS, SSNC, NDAQ) consolidates into a more concentrated bet or continues broadening.
AI-generated. Not investment advice.
In the news
all news →- Investment Gurus, Stock Market Gurus ListGuruFocus ·
Headlines via Google News. Links open in a new tab.
Holdings (99) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | DIS | 2.2% | $10M | |||
| 2 | G8060N102 | 2.1% | $10M | |||
| 3 | AVTR | 2.1% | $9M | |||
| 4 | LKQ | 2.0% | $9M | |||
| 5 | OMC | 1.9% | $9M | |||
| 6 | IFF | 1.9% | $9M | |||
| 7 | VNT | 1.8% | $8M | |||
| 8 | FIS | 1.8% | $8M | |||
| 9 | NDAQ | 1.8% | $8M | |||
| 10 | ABM | 1.8% | $8M | |||
| 11 | ZBH | 1.7% | $8M | |||
| 12 | BAX | 1.7% | $8M | |||
| 13 | KFY | 1.6% | $8M | |||
| 14 | SSNC | 1.5% | $7M | |||
| 15 | GD | 1.5% | $7M | |||
| 16 | DGX | 1.5% | $7M | |||
| 17 | SLB | 1.5% | $7M | |||
| 18 | BDX | 1.5% | $7M | |||
| 19 | WTW | 1.5% | $7M | |||
| 20 | EFX | 1.5% | $7M | |||
| 21 | RAL | 1.5% | $7M | |||
| 22 | MHK | 1.4% | $6M | |||
| 23 | JLL | 1.4% | $6M | |||
| 24 | CBRE | 1.4% | $6M | |||
| 25 | MDT | 1.4% | $6M | |||
| 26 | UNH | 1.4% | $6M | |||
| 27 | CB | 1.4% | $6M | |||
| 28 | MSFT | 1.4% | $6M | |||
| 29 | TRV | 1.3% | $6M | |||
| 30 | ADBE | 1.3% | $6M | |||
| 31 | REYN | 1.3% | $6M | |||
| 32 | JNJ | 1.3% | $6M | |||
| 33 | HON | 1.3% | $6M | |||
| 34 | DAL | 1.3% | $6M | |||
| 35 | SPGI | 1.3% | $6M | |||
| 36 | USB | 1.2% | $6M | |||
| 37 | NKE | 1.2% | $6M | |||
| 38 | DIN | 1.2% | $6M | |||
| 39 | TGT | 1.2% | $6M | |||
| 40 | CTVA | 1.2% | $6M | |||
| 41 | APTV | 1.2% | $5M | |||
| 42 | HSIC | 1.2% | $5M | |||
| 43 | ON | 1.2% | $5M | |||
| 44 | CFG | 1.2% | $5M | |||
| 45 | BRK/B | 1.2% | $5M | |||
| 46 | G491BT108 | 1.2% | $5M | |||
| 47 | WFC | 1.1% | $5M | |||
| 48 | FITB | 1.1% | $5M | |||
| 49 | BAH | 1.1% | $5M | |||
| 50 | UPS | 1.1% | $5M | |||
| 51 | MIDD | 1.1% | $5M | |||
| 52 | FTV | 1.1% | $5M | |||
| 53 | FDX | 1.1% | $5M | |||
| 54 | DOV | 1.0% | $5M | |||
| 55 | STZ | 1.0% | $5M | |||
| 56 | META | 1.0% | $5M | |||
| 57 | SYY | 0.9% | $4M | |||
| 58 | TXN | 0.9% | $4M | |||
| 59 | LMT | 0.9% | $4M | |||
| 60 | PEP | 0.9% | $4M | |||
| 61 | KLIC | 0.9% | $4M | |||
| 62 | SWK | 0.9% | $4M | |||
| 63 | UBER | 0.8% | $4M | |||
| 64 | AMZN | 0.8% | $4M | |||
| 65 | SOLS | 0.8% | $4M | |||
| 66 | WCC | 0.8% | $4M | |||
| 67 | CVS | 0.8% | $4M | |||
| 68 | CSCO | 0.8% | $4M | |||
| 69 | V | 0.8% | $4M | |||
| 70 | TMO | 0.7% | $3M | |||
| 71 | AAPL | 0.7% | $3M | |||
| 72 | GM | 0.7% | $3M | |||
| 73 | LUV | 0.7% | $3M | |||
| 74 | WAT | 0.7% | $3M | |||
| 75 | LHX | 0.6% | $3M | |||
| 76 | RTX | 0.5% | $2M | |||
| 77 | GOOG | 0.5% | $2M | |||
| 78 | G39108108 | 0.4% | $2M | |||
| 79 | CENTA | 0.3% | $1M | |||
| 80 | EBAY | 0.3% | $1M | |||
| 81 | PBH | 0.3% | $1M | |||
| 82 | H00501108 | 0.3% | $1M | |||
| 83 | TNC | 0.2% | $1M | |||
| 84 | FA | 0.2% | $1M | |||
| 85 | BLBD | 0.2% | $1M | |||
| 86 | GS | 0.2% | $1M | |||
| 87 | G2717C106 | 0.2% | $1M | |||
| 88 | MLR | 0.2% | $979K | |||
| 89 | HOMB | 0.2% | $956K | |||
| 90 | PGNY | 0.2% | $951K | |||
| 91 | FHB | 0.2% | $912K | |||
| 92 | VSH | 0.2% | $846K | |||
| 93 | PB | 0.2% | $806K | |||
| 94 | NOV | 0.2% | $790K | |||
| 95 | AGCO | 0.2% | $753K | |||
| 96 | PLOW | 0.2% | $738K | |||
| 97 | GLW | 0.1% | $680K | |||
| 98 | BRC | 0.1% | $609K | |||
| 99 | TKR | 0.1% | $503K |
- 1DISport2.2%val$10MWalt Disney Co/thethis Q hold·38q
- 2G8060N102port2.1%val$10MSensata Technologies Hldng Pthis Q hold·33q
- 3AVTRport2.1%val$9MAvantor Incthis Q +48%·13q
- 4LKQport2.0%val$9MLkq Corpthis Q hold·21q
- 5OMCport1.9%val$9MOmnicom Groupthis Q hold·35q
- 6IFFport1.9%val$9MIntl Flavors & Fragrancesthis Q hold·14q
- 7VNTport1.8%val$8MVontier Corpthis Q hold·10q
- 8FISport1.8%val$8MFidelity National Info Servthis Q +43%·17q
- 9NDAQport1.8%val$8MNasdaq Incthis Q +24%·7q
- 10ABMport1.8%val$8MAbm Industries Incthis Q hold·17q
- 11ZBHport1.7%val$8MZimmer Biomet Holdings Incthis Q hold·40q
- 12BAXport1.7%val$8MBaxter International Incthis Q hold·36q
- 13KFYport1.6%val$8MKorn Ferrythis Q +56%·19q
- 14SSNCport1.5%val$7MSs&c Technologies Holdingsthis Q +91%·23q
- 15GDport1.5%val$7MGeneral Dynamics Corpthis Q hold·9q
- 16DGXport1.5%val$7MQuest Diagnostics Incthis Q hold·22q
- 17SLBport1.5%val$7MSlb Ltdthis Q -39%·28q
- 18BDXport1.5%val$7MBecton Dickinson And COthis Q hold·40q
- 19WTWport1.5%val$7MWillis Towers Watson Plc Ltdthis Q +54%·35q
- 20EFXport1.5%val$7MEquifax Incthis Q +106%·30q
- 21RALport1.5%val$7MRalliant Corpthis Q hold·4q
- 22MHKport1.4%val$6MMohawk Industries Incthis Q hold·31q
- 23JLLport1.4%val$6MJones Lang Lasalle Incthis Q +20%·21q
- 24CBREport1.4%val$6MCbre Group Inc - Athis Q +24%·22q
- 25MDTport1.4%val$6MMedtronic Plcthis Q hold·39q
- 26UNHport1.4%val$6MUnitedhealth Group Incthis Q +53%·40q
- 27CBport1.4%val$6MChubb Limitedthis Q hold·5q
- 28MSFTport1.4%val$6MMicrosoft Corpthis Q +67%·40q
- 29TRVport1.3%val$6MTravelers Cos Inc/thethis Q hold·40q
- 30ADBEport1.3%val$6MAdobe Incthis Q +56%·4q
- 31REYNport1.3%val$6MReynolds Consumer Products Ithis Q hold·20q
- 32JNJport1.3%val$6MJohnson & Johnsonthis Q hold·28q
- 33HONport1.3%val$6MHoneywell International Incthis Q hold·7q
- 34DALport1.3%val$6MDelta Air Lines Incthis Q hold·40q
- 35SPGIport1.3%val$6MS&p Global Incthis Q +73%·34q
- 36USBport1.2%val$6MUS Bancorpthis Q hold·40q
- 37NKEport1.2%val$6MNike Inc -cl Bthis Q hold·12q
- 38DINport1.2%val$6MDine Brands Global Incthis Q hold·37q
- 39TGTport1.2%val$6MTarget Corpthis Q -43%·12q
- 40CTVAport1.2%val$6MCorteva Incthis Q -25%·27q
- 41APTVport1.2%val$5MAptiv Plcthis Q hold·6q
- 42HSICport1.2%val$5MHenry Schein Incthis Q hold·12q
- 43ONport1.2%val$5MON Semiconductorthis Q hold·6q
- 44CFGport1.2%val$5MCitizens Financial Groupthis Q hold·40q
- 45BRK/Bport1.2%val$5MBerkshire Hathaway Inc-cl Bthis Q hold·25q
- 46G491BT108port1.2%val$5MInvesco Ltdthis Q hold·40q
- 47WFCport1.1%val$5MWells Fargo & COthis Q hold·34q
- 48FITBport1.1%val$5MFifth Third Bancorpthis Q hold·40q
- 49BAHport1.1%val$5MBooz Allen Hamilton Holdingsthis Q New·—1q
- 50UPSport1.1%val$5MUnited Parcel Service-cl Bthis Q hold·40q
- 51MIDDport1.1%val$5MMiddleby Corpthis Q -22%·14q
- 52FTVport1.1%val$5MFortive Corpthis Q hold·17q
- 53FDXport1.1%val$5MFedex Corpthis Q -47%·40q
- 54DOVport1.0%val$5MDover Corpthis Q -23%·13q
- 55STZport1.0%val$5MConstellation Brands Inc-athis Q hold·3q
- 56METAport1.0%val$5MMeta Platforms Inc-class Athis Q +39%·25q
- 57SYYport0.9%val$4MSysco Corpthis Q -20%·6q
- 58TXNport0.9%val$4MTexas Instruments Incthis Q hold·36q
- 59LMTport0.9%val$4MLockheed Martin Corpthis Q hold·2q
- 60PEPport0.9%val$4MPepsico Incthis Q hold·14q
- 61KLICport0.9%val$4MKulicke & Soffa Industriesthis Q -57%·34q
- 62SWKport0.9%val$4MStanley Black & Decker Incthis Q -29%·21q
- 63UBERport0.8%val$4MUber Technologies Incthis Q hold·3q
- 64AMZNport0.8%val$4MAmazon.com Incthis Q +44%·3q
- 65SOLSport0.8%val$4MSolstice Adv Materials Incthis Q hold·2q
- 66WCCport0.8%val$4MWesco International Incthis Q hold·40q
- 67CVSport0.8%val$4MCvs Health Corpthis Q hold·40q
- 68CSCOport0.8%val$4MCisco Systems Incthis Q -29%·40q
- 69Vport0.8%val$4MVisa Inc-class A Sharesthis Q +96%·40q
- 70TMOport0.7%val$3MThermo Fisher Scientific Incthis Q hold·17q
- 71AAPLport0.7%val$3MApple Incthis Q hold·40q
- 72GMport0.7%val$3MGeneral Motors COthis Q hold·40q
- 73LUVport0.7%val$3MSouthwest Airlines COthis Q -34%·20q
- 74WATport0.7%val$3MWaters Corpthis Q New·—1q
- 75LHXport0.6%val$3ML3harris Technologies Incthis Q -36%·21q
- 76RTXport0.5%val$2MRtx Corpthis Q -28%·24q
- 77GOOGport0.5%val$2MAlphabet Inc-cl Cthis Q hold·37q
- 78G39108108port0.4%val$2MGates Industrial Corpratin Pthis Q hold·21q
- 79CENTAport0.3%val$1MCentral Garden And Pet Co-athis Q hold·35q
- 80EBAYport0.3%val$1MEbay Incthis Q -27%·40q
- 81PBHport0.3%val$1MPrestige Consumer Healthcarethis Q hold·37q
- 82H00501108port0.3%val$1MAebi Schmidtthis Q hold·3q
- 83TNCport0.2%val$1MTennant COthis Q +31%·6q
- 84FAport0.2%val$1MFirst Advantage Corpthis Q +28%·11q
- 85BLBDport0.2%val$1MBlue Bird Corpthis Q hold·36q
- 86GSport0.2%val$1MGoldman Sachs Group Incthis Q -20%·32q
- 87G2717C106port0.2%val$1MCushman And Wakefield Ltdthis Q hold·2q
- 88MLRport0.2%val$979KMiller Industries Inc/tennthis Q hold·40q
- 89HOMBport0.2%val$956KHome Bancshares Incthis Q hold·32q
- 90PGNYport0.2%val$951KProgyny Incthis Q +56%·5q
- 91FHBport0.2%val$912KFirst Hawaiian Incthis Q hold·24q
- 92VSHport0.2%val$846KVishay Intertechnology Incthis Q -39%·32q
- 93PBport0.2%val$806KProsperity Bancshares Incthis Q hold·37q
- 94NOVport0.2%val$790KNov Incthis Q hold·4q
- 95AGCOport0.2%val$753KAgco Corpthis Q -28%·22q
- 96PLOWport0.2%val$738KDouglas Dynamics Incthis Q -42%·9q
- 97GLWport0.1%val$680KCorning Incthis Q -83%·40q
- 98BRCport0.1%val$609KBrady Corporation - CL Athis Q -29%·23q
- 99TKRport0.1%val$503KTimken COthis Q -40%·20q
All activity (2026Q1)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| AVTR | Avantor Inc | ADD | 2.1% | +48% | $9M |
| FIS | Fidelity National Info Serv | ADD | 1.8% | +43% | $8M |
| NDAQ | Nasdaq Inc | ADD | 1.8% | +24% | $8M |
| SLB | Slb Ltd | TRIM | 1.5% | -39% | $7M |
| KFY | Korn Ferry | ADD | 1.6% | +56% | $8M |
| TGT | Target Corp | TRIM | 1.2% | -43% | $6M |
| SSNC | Ss&c Technologies Holdings | ADD | 1.5% | +91% | $7M |
| FDX | Fedex Corp | TRIM | 1.1% | -47% | $5M |
| WTW | Willis Towers Watson Plc Ltd | ADD | 1.5% | +54% | $7M |
| MIDD | Middleby Corp | TRIM | 1.1% | -22% | $5M |
| EFX | Equifax Inc | ADD | 1.5% | +106% | $7M |
| JLL | Jones Lang Lasalle Inc | ADD | 1.4% | +20% | $6M |
| CBRE | Cbre Group Inc - A | ADD | 1.4% | +24% | $6M |
| UNH | Unitedhealth Group Inc | ADD | 1.4% | +53% | $6M |
| MSFT | Microsoft Corp | ADD | 1.4% | +67% | $6M |
| KLIC | Kulicke & Soffa Industries | TRIM | 0.9% | -57% | $4M |
| ADBE | Adobe Inc | ADD | 1.3% | +56% | $6M |
| SPGI | S&p Global Inc | ADD | 1.3% | +73% | $6M |
| CTVA | Corteva Inc | TRIM | 1.2% | -25% | $6M |
| DOV | Dover Corp | TRIM | 1.0% | -23% | $5M |
| SWK | Stanley Black & Decker Inc | TRIM | 0.9% | -29% | $4M |
| SYY | Sysco Corp | TRIM | 0.9% | -20% | $4M |
| BAH | Booz Allen Hamilton Holdings | NEW | 1.1% | +100% | $5M |
| LUV | Southwest Airlines CO | TRIM | 0.7% | -34% | $3M |
| CSCO | Cisco Systems Inc | TRIM | 0.8% | -29% | $4M |
| META | Meta Platforms Inc-class A | ADD | 1.0% | +39% | $5M |
| AMZN | Amazon.com Inc | ADD | 0.8% | +44% | $4M |
| V | Visa Inc-class A Shares | ADD | 0.8% | +96% | $4M |
| LHX | L3harris Technologies Inc | TRIM | 0.6% | -36% | $3M |
| DE | Deere & CO | EXIT | 0.7% | -100% | $0 |
| WAT | Waters Corp | NEW | 0.7% | +100% | $3M |
| RTX | Rtx Corp | TRIM | 0.5% | -28% | $2M |
| GLW | Corning Inc | TRIM | 0.1% | -83% | $680K |
| CMI | Cummins Inc | EXIT | 0.5% | -100% | $0 |
| EBAY | Ebay Inc | TRIM | 0.3% | -27% | $1M |
| IART | Integra Lifesciences Holding | EXIT | 0.3% | -100% | $0 |
| GS | Goldman Sachs Group Inc | TRIM | 0.2% | -20% | $1M |
| TNC | Tennant CO | ADD | 0.2% | +31% | $1M |
| FA | First Advantage Corp | ADD | 0.2% | +28% | $1M |
| VSH | Vishay Intertechnology Inc | TRIM | 0.2% | -39% | $846K |
| PGNY | Progyny Inc | ADD | 0.2% | +56% | $951K |
| PLOW | Douglas Dynamics Inc | TRIM | 0.2% | -42% | $738K |
| AGCO | Agco Corp | TRIM | 0.2% | -28% | $753K |
| BRC | Brady Corporation - CL A | TRIM | 0.1% | -29% | $609K |
| TKR | Timken CO | TRIM | 0.1% | -40% | $503K |
| GHM | Graham Corp | EXIT | 0.1% | -100% | $0 |
- ADDAVTR2.1%Avantor IncΔ +48%·$9M
- ADDFIS1.8%Fidelity National Info ServΔ +43%·$8M
- ADDNDAQ1.8%Nasdaq IncΔ +24%·$8M
- TRIMSLB1.5%Slb LtdΔ -39%·$7M
- ADDKFY1.6%Korn FerryΔ +56%·$8M
- TRIMTGT1.2%Target CorpΔ -43%·$6M
- ADDSSNC1.5%Ss&c Technologies HoldingsΔ +91%·$7M
- TRIMFDX1.1%Fedex CorpΔ -47%·$5M
- ADDWTW1.5%Willis Towers Watson Plc LtdΔ +54%·$7M
- TRIMMIDD1.1%Middleby CorpΔ -22%·$5M
- ADDEFX1.5%Equifax IncΔ +106%·$7M
- ADDJLL1.4%Jones Lang Lasalle IncΔ +20%·$6M
- ADDCBRE1.4%Cbre Group Inc - AΔ +24%·$6M
- ADDUNH1.4%Unitedhealth Group IncΔ +53%·$6M
- ADDMSFT1.4%Microsoft CorpΔ +67%·$6M
- TRIMKLIC0.9%Kulicke & Soffa IndustriesΔ -57%·$4M
- ADDADBE1.3%Adobe IncΔ +56%·$6M
- ADDSPGI1.3%S&p Global IncΔ +73%·$6M
- TRIMCTVA1.2%Corteva IncΔ -25%·$6M
- TRIMDOV1.0%Dover CorpΔ -23%·$5M
- TRIMSWK0.9%Stanley Black & Decker IncΔ -29%·$4M
- TRIMSYY0.9%Sysco CorpΔ -20%·$4M
- NEWBAH1.1%Booz Allen Hamilton HoldingsΔ +100%·$5M
- TRIMLUV0.7%Southwest Airlines COΔ -34%·$3M
- TRIMCSCO0.8%Cisco Systems IncΔ -29%·$4M
- ADDMETA1.0%Meta Platforms Inc-class AΔ +39%·$5M
- ADDAMZN0.8%Amazon.com IncΔ +44%·$4M
- ADDV0.8%Visa Inc-class A SharesΔ +96%·$4M
- TRIMLHX0.6%L3harris Technologies IncΔ -36%·$3M
- EXITDE0.7%Deere & COΔ -100%·$0
- NEWWAT0.7%Waters CorpΔ +100%·$3M
- TRIMRTX0.5%Rtx CorpΔ -28%·$2M
- TRIMGLW0.1%Corning IncΔ -83%·$680K
- EXITCMI0.5%Cummins IncΔ -100%·$0
- TRIMEBAY0.3%Ebay IncΔ -27%·$1M
- EXITIART0.3%Integra Lifesciences HoldingΔ -100%·$0
- TRIMGS0.2%Goldman Sachs Group IncΔ -20%·$1M
- ADDTNC0.2%Tennant COΔ +31%·$1M
- ADDFA0.2%First Advantage CorpΔ +28%·$1M
- TRIMVSH0.2%Vishay Intertechnology IncΔ -39%·$846K
- ADDPGNY0.2%Progyny IncΔ +56%·$951K
- TRIMPLOW0.2%Douglas Dynamics IncΔ -42%·$738K
- TRIMAGCO0.2%Agco CorpΔ -28%·$753K
- TRIMBRC0.1%Brady Corporation - CL AΔ -29%·$609K
- TRIMTKR0.1%Timken COΔ -40%·$503K
- EXITGHM0.1%Graham CorpΔ -100%·$0
Frequently asked questions
- What stocks does Robert Olstein own?
- As of 2026Q1, Robert Olstein's 13F discloses 99 positions worth $458M. The top five holdings: DIS (2.2%), AVTR (2.1%), LKQ (2.0%), OMC (1.9%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
- What did Robert Olstein buy this quarter?
- In 2026Q1, the filing shows 2 new positions and 19 additions to existing holdings. The largest positions touched by buying: AVTR, FIS, NDAQ, KFY, SSNC.
- How big is Robert Olstein's portfolio?
- $458M across 99 positions per the latest 13F (filed Apr 21, 2026). The top five holdings account for 10% of the disclosed book.
Explore more
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0000947996). Not investment advice.