13F-HR 1 quarterlyrpt.txt REPORT AS OF JUNE 30, 2011 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2011 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 August 12, 2011 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: 96 FORM 13F Information Table Value Total: $609,403 (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 Name of Reporting Manager: Olstein Capital Management, L.P. Report as of June 30, 2011 Form 13F Information Table

Market Amount Investment Voting Title of Value and Type Descretion Other Authority NAME OF ISSUER Class CUSIP ( x $1000) of Security* Sole Managers Sole 3M COMPANY COM COMMON 88579Y101 6260 66,000 66,000 66,000 ABB LTD-SPON ADR SPONSORED ADR 000375204 9186 354,000 354,000 354,000 ACCENTURE PLC CL A SHS CLASS A G1151C101 6344 105,000 105,000 105,000 ADOBE SYSTEMS INC COM COMMON 00724F101 5976 190,000 190,000 190,000 AGILENT TECHNOLOGIES COM COMMON 00846U101 3015 59,000 59,000 59,000 ALLIANCEBERNSTEIN HOLDING LP UNIT LTD PARTN 01881G106 12053 620,000 620,000 620,000 AMERICAN EXPRESS CO COM COMMON 025816109 8892 172,000 172,000 172,000 ANALOG DEVICES INC COM COMMON 032654105 4893 125,000 125,000 125,000 APPLE INC COM COMMON 037833100 9399 28,000 28,000 28,000 ASCENA RETAIL GROUP INC COM COMMON 04351G101 7099 208,500 208,500 208,500 AVERY DENNISON CORP COM COMMON 053611109 9426 244,000 244,000 244,000 BARRETT BUSINESS SVCS INC COMMON 068463108 315 22,000 22,000 22,000 BAXTER INTL INC COMMON 071813109 7581 127,000 127,000 127,000 BECTON DICKINSON AND CO COM COMMON 075887109 9479 110,000 110,000 110,000 BED BATH & BEYOND INC COM COMMON 075896100 8464 145,000 145,000 145,000 BERKLEY W R CORP COM COMMON 084423102 6715 207,000 207,000 207,000 BLACKROCK INC COM COMMON 09247X101 7672 40,000 40,000 40,000 BRADY CORPORATION CL A COM CL A 104674106 449 14,000 14,000 14,000 CAREFUSION CORP COM COMMON 14170T101 7771 286,000 286,000 286,000 CHARLES SCHWAB CORP COM COMMON 808513105 7732 470,000 470,000 470,000 CHEESECAKE FACTORY INC COM COMMON 163072101 251 8,000 8,000 8,000 CHUBB CORP COM COMMON 171232101 6511 104,000 104,000 104,000 CINTAS CORP COM COMMON 172908105 5087 154,000 154,000 154,000 CISCO SYSTEMS INC COM COMMON 17275R102 9319 597,000 597,000 597,000 COCA-COLA CO COM COMMON 191216100 6258 93,000 93,000 93,000 COLUMBUS MCKINNON CORP COMMON 199333105 449 25,000 25,000 25,000 CONOCOPHILLIPS COM COMMON 20825C104 6767 90,000 90,000 90,000 CONSTELLATION BRANDS INC CL A COM CL A 21036P108 9202 442,000 442,000 442,000 COVIDIEN PLC SHS G2554F113 7772 146,000 146,000 146,000 CTS CORP COM COMMON 126501105 551 57,000 57,000 57,000 CUMMINS INC COM COMMON 231021106 5278 51,000 51,000 51,000 DELTA AIR LINES DEL COM COM NEW 247361702 6511 710,000 710,000 710,000 DENTSPLY INTERNATIONAL INC COM COMMON 249030107 6588 173,000 173,000 173,000 DORMAN PRODUCTS INC COM COMMON 258278100 396 10,000 10,000 10,000 DR PEPPER SNAPPLE GROUP INC COM COMMON 26138E109 11111 265,000 265,000 265,000 DSW INC CL A COM CL A 23334L102 253 5,000 5,000 5,000 DU PONT (E.I.) DE NEMOURS COM COMMON 263534109 11296 209,000 209,000 209,000 ENTEGRIS INC COM COMMON 29362U104 5627 556,000 556,000 556,000 EQUIFAX INC COM COMMON 294429105 8506 245,000 245,000 245,000 EXXON MOBIL CORP COM COMMON 30231G102 9196 113,000 113,000 113,000 FEDEX CORP COM COMMON 31428X106 5027 53,000 53,000 53,000 FERRO CORP COM COMMON 315405100 67 5,000 5,000 5,000 FINISH LINE INC CL A COM CL A 317923100 321 15,000 15,000 15,000 GENUINE PARTS CO COM COMMON 372460105 3645 67,000 67,000 67,000 HANOVER INSURANCE GROUP INC COM COMMON 410867105 6147 163,000 163,000 163,000 HARMAN INTERNATIONAL COM COMMON 413086109 11803 259,000 259,000 259,000 HENRY SCHEIN INC COM COMMON 806407102 4653 65,000 65,000 65,000 HILLENBRAND INC COM COMMON 431571108 497 21,000 21,000 21,000 HOME DEPOT INC COM COMMON 437076102 9019 249,000 249,000 249,000 IBM CORP COM COMMON 459200101 7548 44,000 44,000 44,000 INGERSOLL-RAND PLC SHS G47791101 8401 185,000 185,000 185,000 INTEL CORP COM COMMON 458140100 14958 675,000 675,000 675,000 INTL GAME TECHNOLOGY COM COMMON 459902102 8725 496,300 496,300 496,300 JANUS CAPITAL GROUP INC COM COMMON 47102X105 604 64,000 64,000 64,000 JOHNSON & JOHNSON COM COMMON 478160104 6053 91,000 91,000 91,000 JONES LANG LASALLE INC COM COMMON 48020Q107 6884 73,000 73,000 73,000 JP MORGAN CHASE & CO COM COMMON 46625H100 6469 158,000 158,000 158,000 KIMBERLY CLARK CORP COM COMMON 494368103 6456 97,000 97,000 97,000 LEGG MASON INC COM COMMON 524901105 12023 367,000 367,000 367,000 LIFE TECHNOLOGIES CORP COM COMMON 53217V109 9633 185,000 185,000 185,000 LOWES COMPANIES INC COM COMMON 548661107 8974 385,000 385,000 385,000 MACY'S INC COM COMMON 55616P104 13480 461,000 461,000 461,000 MASTERCARD INC CL A COM CL A 57636Q104 6027 20,000 20,000 20,000 MCDONALDS CORP COM COMMON 580135101 7167 85,000 85,000 85,000 MEASUREMENT SPECIALTIES INC COM COMMON 583421102 714 20,000 20,000 20,000 MICROSEMI CORP COM COMMON 595137100 779 38,000 38,000 38,000 MICROSOFT CORP COM COMMON 594918104 13520 520,000 520,000 520,000 MORGAN STANLEY COM COMM NEW 617446448 6328 275,000 275,000 275,000 NCR CORP NEW COM COMMON 62886E108 623 33,000 33,000 33,000 NEWELL RUBBERMAID INC COM COMMON 651229106 6154 390,000 390,000 390,000 NIKE INC CL B COM CL B 654106103 3599 40,000 40,000 40,000 OSHKOSH TRUCK CORP COM COMMON 688239201 10592 366,000 366,000 366,000 PETSMART INC COM COMMON 716768106 8788 193,700 193,700 193,700 PROCTOR & GAMBLE CO COM COMMON 742718109 6039 95,000 95,000 95,000 QUEST DIAGNOSTICS INC COM COMMON 74834L100 5733 97,000 97,000 97,000 ROCKWELL COLLINS INC COM COMMON 774341101 4688 76,000 76,000 76,000 ROCKY BRANDS INC COM COMMON 774515100 555 45,000 45,000 45,000 RUBY TUESDAY INC COM COMMON 781182100 10618 985,000 985,000 985,000 SCHWEITZER-MAUDUIT INTL INC COM COMMON 808541106 253 4,500 4,500 4,500 SEALED AIR CORP COM COMMON 81211K100 6518 274,000 274,000 274,000 SNAP-ON INC COM COMMON 833034101 500 8,000 8,000 8,000 SONOCO PRODUCTS CO COM COMMON 835495102 6326 178,000 178,000 178,000 STANDEX INTERNATIONAL CORP COM COMMON 854231107 521 17,000 17,000 17,000 STEINWAY MUSICAL INSTRUMENTS INC COM COMMON 858495104 434 16,900 16,900 16,900 STRYKER CORP COM COMMON 863667101 8921 152,000 152,000 152,000 TEAM INC COM COMMON 878155100 555 23,000 23,000 23,000 TELEFLEX INC COM COMMON 879369106 10258 168,000 168,000 168,000 TERADYNE INC COM COMMON 880770102 7074 478,000 478,000 478,000 THERMO FISHER SCIENTIFIC INC COM COMMON 883556102 6310 98,000 98,000 98,000 TIMKEN CO COM COMMON 887389104 7963 158,000 158,000 158,000 TJX COMPANIES INC NEW COM COMMON 872540109 6566 125,000 125,000 125,000 TYCO INTERNATIONAL LTD SHS H89128104 7909 160,000 160,000 160,000 WALT DISNEY CO COM COM DISNEY 254687106 8179 209,500 209,500 209,500 WHIRLPOOL CORP COM COMMON 963320106 8945 110,000 110,000 110,000 XEROX CORP COM COMMON 984121103 14324 1,376,000 1,376,000 1,376,000 ZIMMER HOLDINGS INC COM COMMON 98956P102 8911 141,000 141,000 141,000

* All the securities listed within this column are stated as "SH".