Exploring Olstein Capital Management's Q4 2022 vs. Q1 2023 13F Holdings: Winners and Losers

Olstein Capital Management is an investment management firm that delivers value-oriented investment products for individuals and institutional investors. The team is led by its founder, Robert A. Olstein, and is headquartered in Purchase, NY.

As a fund manager, Olstein Capital Management has to file a quarterly report 13F with the Securities and Exchange Commission (SEC), disclosing its equity holdings as of the end of the reporting period. The report includes a list of equity holdings, the number of shares held, the total value of each holding, and changes in the fund's portfolio. An analysis of the fund's Q4 2022 and Q1 2023 13F filings shows that Olstein Capital Management increased its total assets under management (AUM) from $933 million to $1.2 billion.

Here are some of the winners and losers in the fund's portfolio:

Winners

Disney (DIS)

Disney is one of the winners in Olstein Capital Management's Q1 2023 portfolio, with the fund holding 117,000 shares worth $11.72 million, up 15.2% from the previous quarter. Disney's stock has been on the rise, boosted by the company's strong performance in streaming and the reopening of its theme parks. The positive outlook for Disney's future growth and earnings potential makes it a top pick for long-term investors.

eBay (EBAY)

Olstein Capital Management increased its stake in eBay by 13.4%, acquiring 25,000 shares worth $9.36 million in Q1 2023. eBay's recent spin-off of its classified ads business and its focus on its core e-commerce marketplace should enable the company to unlock more value for shareholders over time.

Kimberly-Clark (KMB)

Olstein Capital Management added 9,000 shares to its stake in Kimberly-Clark, a consumer products company, bringing its total holdings to 54,000 shares worth $6.04 million in Q1 2023. Kimberly-Clark's stock has been performing well on the back of strong demand for its consumer products, such as Huggies diapers, Kleenex tissue, and Scott paper towels.

Losers

Fidelity National Information Services (FIS)

Fidelity National Information Services' stock has been a significant underperformer, with a 22.4% decrease in its value from Q4 2022 to Q1 2023. Olstein Capital Management's Q1 2023 13F report shows that the fund sold 4.5% of its shares, reducing its position to 140,000 shares worth $7.61 million. FIS's weak performance could be attributed to a decline in the demand for its financial technology solutions.

Equifax (EFX)

Equifax is another underperformer in Olstein Capital Management's Q1 2023 portfolio, with the fund selling 14,009 shares in the first quarter, reducing its position by 42.6% to 18,891 shares worth $3.85 million. Equifax's stock has dropped by 39.9% from Q4 2022 to Q1 2023, reflecting concerns over potential legal liabilities tied to the 2017 data breach.

Schlumberger (SLB)

Olstein Capital Management reduced its position in Schlumberger by 20.6%, selling 22,470 shares worth $1.89 million in Q1 2023. Schlumberger's stock has declined by 25.7% from Q4 2022 to Q1 2023 due to weak demand for oil prices.

Conclusion

Olstein Capital Management continues to focus on value-oriented investments that align with its investment philosophy. The Q4 2022 vs. Q1 2023 13F report shows that the firm has increased its AUM and made changes in its portfolio. While some of its stock investments have resulted in losses, others have shown significant gains, indicating that Olstein Capital Management's investment strategy is paying off in the long run.