In a significant portfolio shift, Robert Olstein's Olstein Capital Management completely sold its stake in defense contractor Lockheed Martin (LMT) during the second quarter of 2026. According to a regulatory filing dated July 7, 2026, the firm divested all 6,750 of its shares. This disclosure, mandated by the SEC, reflects portfolio changes as of June 30, 2026, and does not represent a real-time trade.
The sale coincided with a major transition for Olstein's funds, which were slated to be merged or reorganized into the Easterly Funds Trust around the same period, pending shareholder approval. This broader corporate action likely drove the portfolio overhaul. During the quarter, Lockheed Martin was actively securing new defense contracts and advancing its missile technologies.