In a significant portfolio shift, Robert Olstein's firm, Olstein Capital Management, eliminated its entire stake in Southwest Airlines (LUV) during the second quarter of 2026. According to regulatory filings, which reflect trades made between March 31 and June 30, the firm sold all 84,000 of its shares. This disclosure was made public on July 7.
The liquidation of this position coincided with a major corporate event for the investor. Olstein Capital Management's mutual fund business was acquired by Easterly Asset Management, a transaction that was finalized on June 29, 2026, following shareholder approval just days earlier. The sale and subsequent reorganization of Olstein's funds into the Easterly fund complex provides key context for this and other portfolio exits during the period.