Value investor Robert Olstein's firm, Olstein Capital Management, sold its entire stake of 135,000 shares in oilfield services giant Schlumberger (SLB) during the second quarter of 2026. According to quarterly disclosures filed with the SEC, the position was valued at approximately $6.9 million and represented 1.51% of the manager's portfolio. It's important to note that these 13F filings are released with a delay and reflect portfolio changes as of June 30, 2026.
The liquidation of the Schlumberger holding coincided with a significant corporate event for the investment firm. On June 29, 2026, Easterly Asset Management completed its acquisition of Olstein Capital Management's mutual fund business. [7, 14] The sale of the SLB stake appears to have been part of a broader portfolio overhaul during the quarter, with filings indicating numerous other positions were also exited. During the same period, SLB's stock price experienced a notable decline. [8]