What happened According to a recent SEC filing, M.D.
Sass, LLC sold 1,399,804 shares of SLM Corporation during the first quarter of 2026
The estimated transaction value was $33.1 million, based on the quarter’s average closing price. What else to know – M.D. Sass fully exited SLM — the stake now makes up 0% of 13F reportable assets, down from 3.0% in the previous quarter. – Top holdings after the filing include: – NASDAQ: HSIC: $93.8 million (7.1% of AUM) – NYSE: WMB: $85.4 million (6.5% of AUM) – NYSE: AME: $77.6 million (5.9% of AUM) – NYSE: CLH: $72.4 million (5.5% of AUM) – NYSE: SASS: $66.9 million (5.1% of AUM) – – As of June 8, 2026, SLM shares were trading at $22.39 — down about 29% over the past year, and underperforming the S&P 500 by roughly 52 percentage points.
Company Overview Company Snapshot Sallie Mae is the largest provider of private student loans in the United States, helping students and families finance higher education through a focused suite of banking and lending products. – Originates and services private education loans, with average loans outstanding of approximately $23.3 billion as of Q1 2026. – Offers retail deposit accounts and credit card products to support the company’s funding and liquidity needs. – Operates as Sallie Mae Bank, a federally chartered bank headquartered in Newark, Delaware. What this transaction means for investors M.D. Sass’s complete exit from SLM is an interesting move.