Robert Olstein's Portfolio: Focus on Top Holdings & Sectors

Introduction

Olstein Capital Management's portfolio, managed by Robert Olstein, as of March 31, 2026, shows a concentrated approach with significant allocations across specific sectors and a focus on certain holdings.

Top Holdings by Value

The portfolio's top ten holdings by value are dominated by companies from sectors like Communication Services, Healthcare, and Technology. Notable positions include:

• DIS (Walt Disney): A major holding in the Communication Services sector.
• ST (Sensata Technologies): Another significant position, though details on its sector are limited in the provided data.
• AVTR (Avantor): A key holding in the Healthcare sector.
• LKQ (LKQ Corp): A substantial position in the Consumer Cyclical sector.
• OMC (Omnicom Group): A strong position in the Communication Services sector.
• IFF (International Flavors & Fragrances): A significant holding in the Basic Materials sector.
• VNT (Vontier): A key Technology holding.
• FIS (Fidelity National Information Services): Another major Technology holding.
• NDAQ (Nasdaq): A significant position in the Financial Services sector.
• ZBH (Zimmer Biomet): A key Healthcare holding.

Sector Concentration

The portfolio demonstrates a clear concentration in several sectors:

• Communication Services: Home to DIS and OMC.
• Healthcare: Includes AVTR and ZBH.
• Technology: Features VNT and FIS.
• Consumer Cyclical: LKQ is a key holding.
• Basic Materials: IFF is a significant position.
• Financial Services: NDAQ is a major holding.
• Sector with Limited Data: ST's sector is not specified in the provided data.

Recent Changes in Holdings

Several holdings show significant changes from the previous period:

• AVTR (Avantor): Experienced a massive increase of 47.92% in shares.
• NDAQ (Nasdaq): Showed a substantial increase of 24.19% in shares.
• FIS (Fidelity): Increased by 43.25% in shares.
• VNT (Vontier): Decreased by 6.74% in shares.
• DIS (Disney): Decreased by 3.58% in shares.
• ST (Sensata): Decreased by 2.04% in shares.
• LKQ (LKQ): Decreased by 1.12% in shares.
• IFF (IFF): Decreased by 6.3% in shares.
• OMC (Omnicom): Increased by 7.27% in shares.
• ZBH (Zimmer Biomet): Increased by 6.1% in shares.

Investment Strategy Analysis

The portfolio's strategy appears to be focused on specific sectors and individual stocks. There is a clear emphasis on:

• Large-Cap Technology and Healthcare Companies: Holdings like FIS, VNT, AVTR, and ZBH suggest a tilt towards these sectors.
• Communication Services and Financial Services: DIS, OMC, and NDAQ indicate exposure to these areas as well.
• Consumer Cyclical: LKQ represents exposure to this sector.
• Basic Materials: IFF provides exposure to this sector.
• Recent Activity: The portfolio has recently added significant positions (AVTR, NDAQ, FIS) while reducing others (DIS, ST, LKQ, IFF). This suggests an active management style focused on capitalizing on perceived opportunities and perhaps exiting less favored positions.

In summary, Olstein Capital Management's portfolio as of March 31, 2026, is characterized by significant allocations to specific sectors and holdings, with recent activity indicating a focus on certain growth areas while reducing exposure in others.