(This article was sent first to members of the CNBC Investing Club with Jim Cramer. To get the real-time updates in your inbox, subscribe here .) We exited our position in Estee Lauder (EL), selling 100 shares at roughly $365.67. Following the trade, the Charitable Trust no longer holds a position in EL. We bought Estee Lauder earlier in the summer because we viewed the company as one of the great reopening plays, thanks to our belief that people wanted to look their very best as they emerged from their homes and gathered in social settings again. We also thought Estee Lauder would be one of the key beneficiaries of loosening Covid restrictions such as mask mandates and travel restrictions. Our thesis played out as we expected. Estee Lauder posted strong results in its most recently reported quarter, with strong double-digit growth in categories like skin care, fragrance, and makeup and a rebound in travel demand.