In a recent 13F filing, it was revealed that Olstein Capital Management, led by veteran value investor Robert Olstein, has liquidated its entire position in META PLATFORMS INC. This disclosure, which reflects trades made in the quarter ending June 30, 2026, shows the sale of all 7,900 shares, a holding previously valued at approximately $4.52 million.
The exit from META coincides with the acquisition of Olstein Capital Management's mutual fund business by Easterly Asset Management, a transaction that was finalized on June 26, 2026. As part of this transition, Olstein's funds were reorganized and are now managed by the Easterly Snow investment team. Therefore, it is important to note that this trade was likely influenced by the change in management and investment strategy resulting from the acquisition, as 13F filings are delayed.