Olstein All Cap Value Fund

Robert Olstein

Part of Olstein Capital Management

These are Olstein All Cap Value Fund's own holdings, not the firm's. Percentages are of the stock positions in its latest filing — the fund's cash and bonds are not included. An all-cap value fund that buys across the full market-capitalization range, from the smallest businesses to the largest companies, it seeks profitable firms whose shares trade below what its analysis considers their true worth. Long-term capital appreciation is the primary goal, income a secondary one, and every decision sits on top of a "quality of earnings" screen that treats a company's public financial statements as the only reliable source of truth. What separates it from the rest of its firm is how strictly that forensic discipline governs the picking. The portfolio managers favor businesses that already generate real free cash flow and need no fixing, and they steer clear of companies whose reported earnings outrun the cash they actually produce. To keep the signal clean, they deliberately avoid direct contact with management, judging executives solely from their filings, footnotes, and regulatory disclosures rather than from a conference call or a handshake. Robert Olstein launched the fund in September 1995, the same year he founded Olstein Capital Management, applying the earnings-quality method he had honed through co-founding The Quality of Earnings Report and as a senior manager at Smith Barney. He ran it for three decades, until its stewardship passed to the advisory team that renamed it the Easterly Snow All Cap Value Fund in 2026.

50%

based on 6 of 14 closed positions