In a quarterly disclosure with the SEC, veteran investor Robert Olstein's firm, Olstein Capital Management, reported the complete liquidation of its position in U.S. Bancorp (USB) during the second quarter of 2026. The filing, which reflects portfolio changes as of June 30, revealed the sale of all 110,000 shares. This move was part of a broader trend of position exits for the firm during the same period.
Investors should note that 13F filings are submitted to the SEC up to 45 days after a quarter ends, so these trades occurred between March 31 and June 30. The sale of the U.S. Bancorp stake, and numerous other holdings, coincided with the acquisition of Olstein's fund business by Easterly Asset Management, which was finalized on June 29, 2026.