Insightful Analysis of Robert Olstein (Trades, Portfolio)'s Latest 13F Filing

Robert Olstein (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2024, providing insights into his investment moves during this period. Robert A. Olstein is the Chairman and Chief Investment Officer of the Olstein Financial Alert Fund (OFALX). He is considered to be an expert in corporate financial disclosure and reporting practices. In 1971, he co-founded the "Quality of Earnings Report" service, which pioneered the concept of using inferential financial screening techniques to analyze balance sheets and income statements to alert institutional portfolio managers to positive or negative factors affecting a company's future earnings power and value of a company's stock. Robert Olstein (Trades, Portfolio) selects stocks by looking behind the numbers. He emphasizes a detailed look behind the numbers of a company's financial statement to assess the company's financial strength and assess potential downside risk. He believes that the Fund's objectives are best met by a "defense first" approach - an approach aimed at minimizing investment errors as opposed to finding companies with the highest appreciation potential without regard for downside risk. To qualify for his selection, a company must generate more cash flow than necessary to sustain the business, avoid aggressive accounting practices, demonstrate balance sheet fundamentals that are consistent with his defense first approach, and be selling at a discount to the private market value. Robert Olstein (Trades, Portfolio) sells a stock when the stock appreciates to his appraised value.

Summary of New Buy

Robert Olstein (Trades, Portfolio) added a total of 4 stocks, among them:

• The most significant addition was Nike Inc (NKE, Financial), with 64,000 shares, accounting for 0.85% of the portfolio and a total value of $4.84 million.
• The second largest addition to the portfolio was ON Semiconductor Corp (ON, Financial), consisting of 76,000 shares, representing approximately 0.84% of the portfolio, with a total value of $4.79 million.
• The third largest addition was Sysco Corp (SYY, Financial), with 58,000 shares, accounting for 0.78% of the portfolio and a total value of $4.44 million.

Key Position Increases

Robert Olstein (Trades, Portfolio) also increased stakes in a total of 36 stocks, among them:

• The most notable increase was General Dynamics Corp (GD, Financial), with an additional 13,500 shares, bringing the total to 28,500 shares. This adjustment represents a significant 90% increase in share count, a 0.63% impact on the current portfolio, with a total value of $7.51 million.
• The second largest increase was Target Corp (TGT, Financial), with an additional 24,000 shares, bringing the total to 74,000. This adjustment represents a significant 48% increase in share count, with a total value of $10 million.

Summary of Sold Out

Robert Olstein (Trades, Portfolio) completely exited 4 of the holdings in the fourth quarter of 2024, as detailed below:

• Axalta Coating Systems Ltd (AXTA, Financial): Robert Olstein (Trades, Portfolio) sold all 103,000 shares, resulting in a -0.63% impact on the portfolio.
• Winnebago Industries Inc (WGO, Financial): Robert Olstein (Trades, Portfolio) liquidated all 43,000 shares, causing a -0.43% impact on the portfolio.

Key Position Reduces

Robert Olstein (Trades, Portfolio) also reduced positions in 44 stocks. The most significant changes include:

• Reduced Cummins Inc (CMI, Financial) by 13,750 shares, resulting in a -55% decrease in shares and a -0.76% impact on the portfolio. The stock traded at an average price of $351.71 during the quarter and has returned 10.51% over the past 3 months and 5.24% year-to-date.
• Reduced WESCO International Inc (WCC, Financial) by 18,807 shares, resulting in a -33.7% reduction in shares and a -0.54% impact on the portfolio. The stock traded at an average price of $189.42 during the quarter and has returned 11.42% over the past 3 months and 9.08% year-to-date.

Portfolio Overview

At the fourth quarter of 2024, Robert Olstein (Trades, Portfolio)'s portfolio included 98 stocks, with top holdings including 2.69% in The Walt Disney Co (DIS, Financial), 2.14% in Sensata Technologies Holding PLC (ST, Financial), 1.97% in Vontier Corp (VNT, Financial), 1.88% in LKQ Corp (LKQ, Financial), and 1.76% in ABM Industries Inc (ABM, Financial).

The holdings are mainly concentrated in 10 of all the 11 industries: Industrials, Healthcare, Technology, Financial Services, Consumer Cyclical, Communication Services, Basic Materials, Consumer Defensive, Real Estate, and Energy.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.