M.D. Sass Exits Sallie Mae -- Selling Its Entire $33.1 Million Stake
SLM Corporation, commonly known as Sallie Mae, is the leading provider of private student loans in the United States.
M.D. Sass Exits Sallie Mae -- Selling Its Entire $33.1 Million Stake
Overview
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.
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.
Details
M.D. Sass's complete exit from SLM is an interesting move. The position previously accounted for roughly 3% of the fund's total reportable holdings, so the decision to sell every share in a single quarter is worth exploring, even if the rationale isn't spelled out in the filing itself.
Source
Originally published at www.fool.com.
