In a quarterly disclosure filed on July 7, 2026, value-investing firm Olstein Capital Management revealed it had sold its entire stake in Constellation Brands (STZ). The position, which previously accounted for about 1.00% of the firm's reported portfolio, consisted of 30,50K shares. These mandatory 13F filings disclose positions held as of June 30, 2026, meaning the trades occurred in the second quarter and are not reflective of current holdings.
The exit coincides with the acquisition of Olstein's fund management business by Easterly Asset Management, a transaction that was expected to close in late June. Known for a rigorous, accounting-focused approach to finding undervalued companies, the firm's complete liquidation of its Constellation Brands holding marks a notable change.