In a significant portfolio shift, Olstein Capital Management, led by investor Robert Olstein, eliminated its entire stake in NIKE, Inc. (NKE) during the second quarter of 2026. The firm sold all 107,000 of its shares, which were valued at approximately $5.65 million at the end of the prior quarter. This complete liquidation reduced the fund's weighting in the athletic apparel giant from 1.23% to zero.
Investors should note that this trade information is from a quarterly 13F filing, which is released with a delay and reflects the firm's holdings as of June 30, 2026. The sale appears to coincide with the acquisition of Olstein's fund management business by Easterly Asset Management, which was pending a shareholder vote around the end of the reporting period. The exit from Nike was part of a broader liquidation of numerous positions in the portfolio.