13F-HR 1 olstein13f.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 13F FORM 13F COVER PAGE REPORT FOR THE CALENDAR YEAR OR QUARTER ENDED: SEPTEMBER 30, 2008 CHECK HERE IF AMENDMENT [_]; AMENDMENT NUMBER: THIS AMENDMENT (CHECK ONLY ONE.): /_/ IS A RESTATEMENT. /_/ ADDS NEW HOLDINGS ENTRIES. INSTITUTIONAL INVESTMENT MANAGER FILING THIS REPORT: NAME: OLSTEIN CAPITAL MANAGEMENT, L.P. (formerly known as Olstein & Associates, L.P.) ADDRESS: 4 Manhattanville Road Purchase, NY 10577 FORM 13F FILE NUMBER: 028-05485 THE INSTITUTIONAL INVESTMENT MANAGER FILING THIS REPORT AND THE PERSON BY WHOM IT IS SIGNED HEREBY REPRESENT THAT THE PERSON SIGNING THE REPORT IS AUTHORIZED TO SUBMIT IT, THAT ALL INFORMATION CONTAINED HEREIN IS TRUE, CORRECT AND COMPLETE, AND THAT IT IS UNDERSTOOD THAT ALL REQUIRED ITEMS, STATEMENTS, SCHEDULES, LISTS, AND TABLES, ARE CONSIDERED INTEGRAL PARTS OF THIS FORM. PERSON SIGNING THIS REPORT ON BEHALF OF REPORTING MANAGER: NAME: MICHAEL LUPER TITLE: EXECUTIVE VICE PRESIDENT PHONE: (914) 269-6100 SIGNATURE, PLACE, AND DATE OF SIGNING: /s/Michael Luper MICHAEL LUPER Purchase, NY November 14, 2008 REPORT TYPE (CHECK ONLY ONE.): /X/ 13F HOLDINGS REPORT. (CHECK HERE IF ALL HOLDINGS OF THIS REPORTING MANAGER ARE REPORTED IN THIS REPORT.) /_/ 13F NOTICE. (CHECK HERE IF NO HOLDINGS REPORTED ARE IN THIS REPORT, AND ALL HOLDINGS ARE REPORTED BY OTHER REPORTING MANAGER(S).) /_/ 13F COMBINATION REPORT. (CHECK HERE IF A PORTION OF THE HOLDINGS FOR THIS REPORTING MANAGER ARE REPORTED IN THIS REPORT AND A PORTION ARE REPORTED BY OTHER REPORTING MANAGER(S).) FORM 13F SUMMARY PAGE REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 0 FORM 13F INFORMATION TABLE ENTRY TOTAL: 82 FORM 13F INFORMATION TABLE VALUE TOTAL: $856,991 (THOUSANDS) LIST OF OTHER INCLUDED MANAGERS: PROVIDE A NUMBERED LIST OF THE NAME(S) AND FORM 13F FILE NUMBER(S) OF ALL INSTITUTIONAL INVESTMENT MANAGERS WITH RESPECT TO WHICH THIS REPORT IS FILED, OTHER THAN THE MANAGER FILING THIS REPORT. None Amount Voting Market and Type Authority Title of Value of Investment Name of Issuer Class CUSIP (X$1000) Security* Discretion Other Sole Managers Sole 3M CO COM 88579Y101 16,620 243,300 243,300 243,300 ALLIANCEBERNSTEIN UNIT LTD 01881G106 12,554 339,200 339,200 339,200 HOLDING LP PARTN AMERICAN EXPRESS CO COM 025816109 20,032 565,400 565,400 565,400 ANADARKO PETE CORP COM 032511107 12,807 264,000 264,000 264,000 APPLE INC COM 037833100 1,489 13,100 13,100 13,100 ATMEL CORP COM 049513104 339 100,000 100,000 100,000 BARE ESCENTUALS INC COM 067511105 7,126 655,600 655,600 655,600 BARRETT BUSINESS COM 068463108 312 24,000 24,000 24,000 SERVICES IN BERKLEY W R CORP COM 084423102 15,590 662,000 662,000 662,000 BLACKSTONE GROUP L P COM UNIT 09253U108 19,022 1,240,026 1,240,026 1,240,026 LTD BLOUNT INTL INC NEW COM 095180105 156 14,000 14,000 14,000 BOSTON SCIENTIFIC COM 101137107 17,000 1,385,517 1,385,517 1,385,517 CORP BURGER KING HLDGS COM 121208201 11,713 476,900 476,900 476,900 INC CARTER INC COM 146229109 15,950 808,400 808,400 808,400 CBRL GROUP INC COM 12489V106 316 12,000 12,000 12,000 CENTURY ALUM CO COM 156431108 8,506 307,200 307,200 307,200 CHEESECAKE FACTORY COM 163072101 409 28,000 28,000 28,000 INC CISCO SYS INC COM 17275R102 25,051 1,110,400 1,110,400 1,110,400 CITIGROUP INC COM 172967101 61,637 3,005,200 3,005,200 3,005,200 CKE RESTAURANTS COM 12561E105 212 20,000 20,000 20,000 COLLECTIVE BRANDS COM 19421W100 10,536 575,400 575,400 575,400 INC COLUMBUS MCKINNON COM 199333105 330 14,000 14,000 14,000 CORP NY COMMSCOPE INC COM 203372107 312 9,000 9,000 9,000 COVIDIEN LTD COM G2552X108 15,775 293,425 293,425 293,425 DELL INC COM 24702R101 21,574 1,309,100 1,309,100 1,309,100 DENNYS CORP COM 24869P104 22,945 8,893,600 8,893,600 8,893,600 DISNEY WALT CO COM 254687106 15,327 499,400 499,400 499,400 DISNEY DIXIE GROUP INC CL A 255519100 221 30,000 30,000 30,000 DRESS BARN INC COM 261570105 229 15,000 15,000 15,000 DSW INC CL A 23334L102 301 22,000 22,000 22,000 ENTEGRIS INC COM 29362U104 387 80,000 80,000 80,000 FLANDERS COM 338494107 573 91,000 91,000 91,000 FOOT LOCKER INC COM 344849104 129 8,000 8,000 8,000 GAP INC DEL COM 364760108 9,841 553,500 553,500 553,500 GENERAL ELECTRIC CO COM 369604103 24,217 949,700 949,700 949,700 HARLEY DAVIDSON INC COM 412822108 14,521 389,300 389,300 389,300 HEWITT ASSOCS INC COM 42822Q100 292 8,000 8,000 8,000 HOME DEPOT INC COM 437076102 18,757 724,500 724,500 724,500 INGERSOLL-RAND CL A G4776G101 11,100 356,100 356,100 356,100 COMPANY LTD INTEL CORP COM 458140100 17,014 908,400 908,400 908,400 JACK IN THE BOX INC COM 466367109 11,698 554,400 554,400 554,400 JANUS CAP GROUP INC COM 47102X105 219 9,000 9,000 9,000 JOHNSON & JOHNSON COM 478160104 18,020 260,100 260,100 260,100 KEITHLEY INSTRS INC COM 487584104 293 35,000 35,000 35,000 KINETIC CONCEPTS INC COM NEW 49460W208 9,292 325,000 325,000 325,000 KORN FERRY INTL COM NEW 500643200 14,963 839,700 839,700 839,700 LEGG MASON INC COM 524901105 18,486 485,700 485,700 485,700 LOWES COS INC COM 548661107 17,533 740,100 740,100 740,100 LUBYS INC COM 549282101 442 55,000 55,000 55,000 MACYS INC COM 55616P104 23,100 1,284,768 1,284,768 1,284,768 MCDONALDS CORP COM 580135101 8,974 145,450 145,450 145,450 MEDICAL ACTION INDS COM 58449L100 197 15,000 15,000 15,000 INC METLIFE INC COM 59156R108 9,598 171,400 171,400 171,400 MICROSOFT CORP COM 594918104 25,657 961,300 961,300 961,300 MIDDLEBY CORP COM 596278101 272 5,000 5,000 5,000 MOTOROLA INC COM 620076109 8,653 1,211,900 1,211,900 1,211,900 NATHANS FAMOUS INC COM 632347100 191 12,000 12,000 12,000 NEW NEWPARK RES INC COM 651718504 131 18,000 18,000 18,000 NOVELLUS SYS INC COM 670008101 9,539 485,700 485,700 485,700 NYSE EURONEXT COM 629491101 24,060 614,100 614,100 614,100 OFFICE DEPOT INC COM 676220106 582 100,000 100,000 100,000 PENNEY J C INC COM 708160106 9,937 298,065 298,065 298,065 PITNEY BOWES INC COM 724479100 16,111 484,400 484,400 484,400 QUANTA SVCS INC COM 74762E102 6,085 225,300 225,300 225,300 QUEST DIAGNOSTICS INC COM 74834L100 13,574 262,700 262,700 262,700 RADIOSHACK CORP COM 750438103 16,366 947,100 947,100 947,100 ROFIN SINAR COM 775043102 9,679 316,200 316,200 316,200 TECHNOLOGIES INC SARA LEE CORP COM 803111103 8,958 709,300 709,300 709,300 SCOTTS MIRACLE GRO CL A 810186106 10,065 425,750 425,750 425,750 CO SEALY CORP COM 812139301 226 35,000 35,000 35,000 SPAN AMER MED SYS INC COM 846396109 214 18,000 18,000 18,000 TELEFLEX INC COM 879369106 19,631 309,201 309,201 309,201 TERADATA CORP DEL COM 88076W103 11,581 593,900 593,900 593,900 TERADYNE INC COM 880770102 6,742 863,200 863,200 863,200 TEXAS INSTRS INC COM 882508104 10,311 479,600 479,600 479,600 THERMADYNE HLDGS COM 883435307 333 20,000 20,000 20,000 CORP NEW TJX COS INC NEW COM 872540109 11,332 371,300 371,300 371,300 TYCO ELECTRONICS LTD COM NEW G9144P105 23,534 850,825 850,825 850,825 TYCO INTL LTD SHS G9143X208 22,666 647,225 647,225 647,225 BERMUDA WET SEAL INC CL A 961840105 163 45,000 45,000 45,000 XEROX CORP COM 984121103 16,715 1,449,700 1,449,700 1,449,700 ZIMMER HLDGS INC COM 98956P102 9,645 149,400 149,400 149,400 *All of the securities listed within this column are stated as "SH."