In a significant portfolio shift, Robert Olstein's firm, Olstein Capital Management, liquidated its entire stake in Delta Air Lines during the second quarter of 2026. According to regulatory filings, the firm sold all 88,000 of its shares, a position previously valued at approximately $5.85 million. It's important to note that 13F filings are submitted to the SEC on a quarterly basis and reflect portfolio holdings as of a specific date, in this case, June 30, 2026, not the exact date of the trades.
The exit from Delta coincides with the acquisition of Olstein Capital Management's mutual fund business by Easterly Asset Management, which was finalized in late June 2026. Following the acquisition, management of the Olstein fund assets transitioned to Easterly's Easterly Snow investment team. This change in management and fund reorganization likely prompted a strategic repositioning of the portfolio, leading to the exit from previously held securities like Delta Air Lines.