Robert Olstein's Q3 2024 Portfolio: A Detailed Overview

The latest portfolio update from Robert Olstein, the esteemed founder of Olstein Capital Management, L.P., has been released for the third quarter of 2024. The portfolio boasts a reported value of $588 million, strategically distributed across 98 stocks. This update provides valuable insights into Olstein's investment strategy, renowned for its focus on fundamental analysis and value investing.

Significant Increase in Position Value

A close examination of the 13F form reveals a significant increase of $25.5 million in the current position value, rising from $562 million to $588 million. This growth indicates a series of strategic adjustments within the portfolio, potentially driven by the appreciation of certain stocks or the addition of new investments that have enhanced the overall value.

Diversification and Investment Strategy

With a total of 98 stocks in the portfolio, Olstein demonstrates a commitment to diversification, aiming to mitigate risks while maximizing returns. This broad distribution of investments reflects a careful and meticulous approach, characteristic of his management style. The strategy not only seeks to identify growth opportunities but also to safeguard capital in a market environment that can be volatile and unpredictable.

In conclusion, Robert Olstein's portfolio for the third quarter of 2024 showcases robust growth and a well-diversified investment strategy. The increase in position value is a testament to his expertise in navigating the complex investment landscape, maintaining a focus on value and long-term stability.

Top Holdings

• Disney (DIS) - 2.57% of Portfolio

  SEO Subtitle: Global Leader in Entertainment and Media Production

  Description: Disney is a top multinational in the media and entertainment industry, excelling in film, television, and theme parks. With iconic franchises and streaming services, it continues to shape global entertainment experiences.

• Sensata Technologies (ST) - 2.26% of Portfolio

  SEO Subtitle: Innovator in Sensor and Electrical Protection Solutions

  Description: Sensata Technologies is known for its advanced sensors and control systems, serving sectors from automotive to aerospace. Its innovative products drive efficiency and safety in various high-tech industries.

• Kulicke and Soffa (KLIC) - 1.89% of Portfolio

  SEO Subtitle: Leading Provider of Semiconductor Manufacturing Equipment

  Description: Kulicke and Soffa is a major supplier of semiconductor assembly solutions, essential to electronics manufacturing. The company's precision machinery supports global tech innovation and production.

• United Parcel Service (UPS) - 1.81% of Portfolio

  SEO Subtitle: Global Leader in Shipping and Logistics

  Description: UPS is a powerhouse in package delivery and logistics, connecting businesses worldwide. Known for reliability, UPS is a cornerstone of e-commerce and international trade.

• Baxter International (BAX) - 1.78% of Portfolio

  SEO Subtitle: Key Player in Healthcare and Medical Technologies

  Description: Baxter International specializes in medical devices and healthcare solutions. Focused on patient care, Baxter supplies vital medical equipment and treatment innovations globally.

Top Sells

• ABM Industries (ABM) - Reduced by 34.82%

  SEO Subtitle: Leading Facility Management and Solutions Provider

  Description: ABM Industries offers integrated facility services across various industries, providing solutions for energy, janitorial, and engineering needs. Known for efficiency and reliability, ABM supports operational improvements for businesses worldwide.

• Reynolds Consumer Products (REYN) - Reduced by 39.2%

  SEO Subtitle: Iconic Household Brands for Everyday Convenience

  Description: Reynolds Consumer Products is recognized for household essentials, including aluminum foil and plastic wraps. Its products enhance convenience in kitchens and homes, serving families and businesses alike.

• Citizens Financial Group (CFG) - Reduced by 29.5%

  SEO Subtitle: Reliable Banking and Financial Services Provider

  Description: Citizens Financial Group offers a wide range of personal and business banking services. Known for its community-oriented approach, CFG provides tailored financial solutions across the U.S. market.

• American Express (AXP) - Reduced by 66.67%

  SEO Subtitle: Premium Financial and Travel Services for Consumers and Businesses

  Description: American Express specializes in credit cards, travel, and expense management, serving affluent customers and businesses. A leader in premium financial services, AXP is known for its rewards and customer loyalty programs.

• Carrier Global (CARR) - Reduced by 71.74%

  SEO Subtitle: Advanced HVAC and Building Solutions for Efficiency and Comfort

  Description: Carrier Global is an industry leader in heating, ventilation, air conditioning (HVAC), and refrigeration solutions. Its products and technologies promote energy efficiency and climate control in residential and commercial settings.

Top Buys

Top Portfolio Buys

• Nasdaq, Inc. (NDAQ) - New Holding

  SEO Subtitle: Global Financial Technology and Exchange Operator

  Description: Nasdaq is a leader in global trading and financial technology, managing multiple stock exchanges and offering market insights and analytics for investors worldwide.

• The Walt Disney Company (DIS) - Increased by 31.93%

  SEO Subtitle: Entertainment Giant with Diverse Media Assets

  Description: Disney is a major player in global entertainment, spanning film, television, theme parks, and streaming, captivating audiences with its iconic franchises and creative storytelling.

• Honeywell International Inc. (HON) - New Holding

  SEO Subtitle: Industrial Innovation in Automation and Aerospace

  Description: Honeywell specializes in industrial automation, aerospace solutions, and advanced technology systems, driving efficiency and safety across industries worldwide.

• Delta Air Lines, Inc. (DAL) - Increased by 32.58%

  SEO Subtitle: Leading Global Airline for Passenger and Cargo Services

  Description: Delta is one of the largest airlines, providing passenger and cargo services across domestic and international markets, known for its customer-focused service and reliability.

• Fortive Corporation (FTV) - Increased by 58.81%

  SEO Subtitle: Advanced Solutions in Industrial Technology and Software

  Description: Fortive offers technology solutions for industrial and manufacturing processes, focusing on measurement, automation, and software-driven insights for optimized performance.