In a notable portfolio shift, Robert Olstein's Olstein Capital Management sold its entire position in Cisco Systems, Inc. (CSCO), divesting all 46,000 shares. This move was disclosed in a quarterly 13F filing with the SEC, which reports positions held as of June 30, 2026. Prior to the sale, the Cisco stake represented 0.78% of the firm's reported portfolio.
Investors are reminded that 13F filings reflect trades executed in the prior quarter, in this case between April 1 and June 30, 2026, and the rationale is not required to be disclosed. During that period, some analysts had raised concerns about Cisco's debt and cash flow following its large acquisition of Splunk. This complete divestment by a prominent value investor marks a significant change in sentiment.