Value investor Robert Olstein's firm, Olstein Capital Management, sold its entire stake in The Walt Disney Company (DIS), according to a recent quarterly filing. The firm disposed of all 104,000 of its shares, which had previously constituted a significant 2.19% of its portfolio. This disclosure, filed on July 7, 2026, reflects trading activity that occurred during the second quarter, ending June 30, 2026, and does not represent a real-time transaction.
The complete liquidation of the Disney holding is notable as it was a top-five position for the firm in the preceding quarter. The move coincided with a major change for the asset manager, as Easterly Asset Management completed its acquisition of the Olstein fund business on June 29, 2026, the day before the end of the reporting period. No specific reason for the sale was publicly disclosed.