CONSTELLATION BRANDS INC STZ
CL A · Common Stock · CUSIP 21036P108 · ISIN US21036P1084
American alcoholic beverage manufacturer
- SectorConsumer staples
- IndustryBeverages
- HeadquartersRochester, NY
- Founded1945
- Websitecbrands.mx
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($26.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $137.82. Options: 38 managers hold calls ($971.6m notional), 34 hold puts ($905.9m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,214 |
| Q4 2022 | 1,258 |
| Q1 2023 | 1,192 |
| Q2 2023 | 1,230 |
| Q3 2023 | 1,256 |
| Q4 2023 | 1,300 |
| Q1 2024 | 1,322 |
| Q2 2024 | 1,343 |
| Q3 2024 | 1,326 |
| Q4 2024 | 1,341 |
| Q1 2025 | 1,181 |
| Q2 2025 | 1,133 |
| Q3 2025 | 1,046 |
| Q4 2025 | 1,044 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 612 | 574 |
| Q2 2024 | 636 | 552 |
| Q3 2024 | 579 | 627 |
| Q4 2024 | 511 | 689 |
| Q1 2025 | 488 | 806 |
| Q2 2025 | 482 | 640 |
| Q3 2025 | 421 | 659 |
| Q4 2025 | 416 | 562 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $780.5m | $604.1m | 0.77 |
| Q2 2025 | $793.5m | $733.1m | 0.92 |
| Q3 2025 | $959.1m | $1.2bn | 1.23 |
| Q4 2025 | $971.6m | $905.9m | 0.93 |
Biggest buyers
| Capital International Investors | Added | +2.1m |
| Point72 Asset Management, L.P. | Added | +1.2m |
| HARRIS ASSOCIATES L P | Added | +1.2m |
| Holocene Advisors, LP | Added | +1.1m |
| GOLDMAN SACHS GROUP INC | Added | +750.6k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +739.4k |
| Ilex Capital Partners (UK) LLP | Added | +670.6k |
| PZENA INVESTMENT MANAGEMENT LLC | New | +589.9k |
| Capital World Investors | Added | +554.0k |
| STATE STREET CORP | Added | +329.3k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -2.3m |
| Aristotle Capital Management, LLC | Reduced | -1.8m |
| MARSHALL WACE, LLP | Reduced | -788.6k |
| ROYAL BANK OF CANADA | Reduced | -589.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -570.1k |
| Capital Research Global Investors | Reduced | -492.2k |
| Qube Research & Technologies Ltd | Sold out | -448.9k |
| Berkshire Hathaway Inc | Reduced | -400.0k |
| WORLDQUANT MILLENNIUM ADVISORS LLC | Sold out | -364.5k |
| VANGUARD GROUP INC | Reduced | -338.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $200.8m1.5m shares |
| CITADEL ADVISORS LLC | Reduced | $128.2m929.4k shares |
| Squarepoint Ops LLC | Reduced | $121.6m881.4k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $86.1m623.9k shares |
| JANE STREET GROUP, LLC | Added | $65.2m472.8k shares |
| IMC-Chicago, LLC | Added | $56.5m409.6k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $37.0m268.4k shares |
| Point72 Asset Management, L.P. | Added | $33.7m244.5k shares |
| SIMPLEX TRADING, LLC | Added | $30.5m221.2k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $24.0m173.9k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $253.6m1.8m shares |
| IMC-Chicago, LLC | Reduced | $98.9m717.1k shares |
| CITADEL ADVISORS LLC | Reduced | $86.8m629.1k shares |
| JANE STREET GROUP, LLC | Reduced | $73.9m535.9k shares |
| TUDOR INVESTMENT CORP ET AL | Reduced | $46.2m335.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $42.3m306.9k shares |
| Squarepoint Ops LLC | Added | $40.4m293.0k shares |
| BARCLAYS PLC | Added | $39.7m287.6k shares |
| Walleye Capital LLC | Added | $35.7m259.0k shares |
| D. E. Shaw & Co., Inc. | Added | $27.9m202.4k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Capital World Investors 13G · institution +3.4 pts · filed 2026-05-14 | 7.2% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.0% |
Fell to 5% or below in the last year: BERKSHIRE HATHAWAY INC (0.4%, 2026-05-15), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 3 | $12.6m | — |
| Q3 2024 | 0 | — | 3 | $8.8m | — |
| Q4 2024 | 0 | — | 6 | $60.5m | — |
| Q1 2025 | 1 | $186.4k | 0 | — | — |
| Q2 2025 | 0 | — | 1 | $593.9k | — |
| Q3 2025 | 1 | $340.9k | 1 | $138.7k | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.04% of their portfolio | 17.9m $2.5bn | Reduced -338.3k |
| Berkshire Hathaway Inc 0.65% of their portfolio | 13.0m $1.8bn | Reduced -400.0k |
| BlackRock, Inc. 0.03% of their portfolio | 10.9m $1.5bn | Added +244.2k |
| Capital World Investors 0.14% of their portfolio | 7.2m $998.7m | Added +554.0k |
| STATE STREET CORP 0.03% of their portfolio | 6.9m $953.5m | Added +329.3k |
| Capital International Investors 0.14% of their portfolio | 6.4m $888.9m | Added +2.1m |
| WELLINGTON MANAGEMENT GROUP LLP 0.15% of their portfolio | 6.0m $830.3m | Added +739.4k |
| FMR LLC 0.03% of their portfolio | 4.0m $556.4m | Reduced -68.0k |
| Grantham, Mayo, Van Otterloo & Co. LLC 1.36% of their portfolio | 3.9m $533.1m | Added +153.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 3.7m $513.9m | Added +54.2k |
| HARRIS ASSOCIATES L P 0.57% of their portfolio | 3.2m $446.2m | Added +1.2m |
| AMERIPRISE FINANCIAL INC 0.09% of their portfolio | 2.9m $399.2m | Reduced -232.8k |
| MORGAN STANLEY 0.02% of their portfolio | 2.7m $376.0m | Reduced -35.3k |
| VAN ECK ASSOCIATES CORP 0.27% of their portfolio | 2.4m $330.7m | Added +237.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 2.1m $293.8m | Added +106.5k |
| NORGES BANK 0.03% of their portfolio | 1.9m $267.8m | Not comparable |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.74% of their portfolio | 1.8m $246.5m | Added +122.9k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 1.7m $239.8m | Reduced -116.6k |
| Invesco Ltd. 0.02% of their portfolio | 1.7m $238.1m | Added +265.6k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.4m $197.1m | Added +750.6k |
| Point72 Asset Management, L.P. 0.30% of their portfolio | 1.4m $194.1m | Added +1.2m |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.3m $183.8m | Added +9.2k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.3m $180.3m | Reduced -2.3m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.3m $176.8m | Reduced -83.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.10% of their portfolio | 1.3m $175.0m | Added +200.6k |
| Holocene Advisors, LP 0.34% of their portfolio | 1.2m $159.5m | Added +1.1m |
| UBS Group AG 0.03% of their portfolio | 1.1m $151.9m | Reduced -224.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 1.0m $140.0m | Added +64.0k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.0m $138.3m | Added +110.6k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 968.6k $133.6m | Added +61.6k |
| NORDEA INVESTMENT MANAGEMENT AB 0.10% of their portfolio | 867.8k $120.3m | Added +49.6k |
| Aristotle Capital Management, LLC 0.23% of their portfolio | 836.2k $115.4m | Reduced -1.8m |
| Legal & General Group Plc 0.02% of their portfolio | 782.6k $108.0m | Added +6.5k |
| CITADEL ADVISORS LLC 0.07% of their portfolio | 777.9k $107.3m | Added +291.6k |
| Pacer Advisors, Inc. 0.27% of their portfolio | 751.5k $103.7m | Reduced -187.0k |
| Ilex Capital Partners (UK) LLP 2.63% of their portfolio | 675.6k $93.2m | Added +670.6k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 654.8k $90.3m | Reduced -589.2k |
| PZENA INVESTMENT MANAGEMENT LLC 0.24% of their portfolio | 589.9k $81.4m | New |
| Empyrean Capital Partners, LP 2.82% of their portfolio | 586.7k $80.9m | Added +135.7k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 554.1k $76.4m | Reduced -71.9k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 538.6k $74.4m | Added +249.9k |
| LSV ASSET MANAGEMENT 0.15% of their portfolio | 495.2k $68.3m | Added +250.0k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 413.1k $57.0m | Reduced -161.5k |
| Swiss National Bank 0.03% of their portfolio | 408.4k $56.3m | Reduced -23.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio | 401.0k $55.3m | Reduced -70.6k |
| FIL Ltd 0.04% of their portfolio | 398.0k $54.9m | Added +13.0k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.84% of their portfolio | 362.8k $50.1m | Added +39.0k |
| Amundi 0.01% of their portfolio | 358.3k $49.4m | Reduced -102.3k |
| California Public Employees Retirement System 0.03% of their portfolio | 350.8k $48.4m | Reduced -36.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.06% of their portfolio | 326.8k $45.1m | Reduced -570.1k |
| BARCLAYS PLC 0.02% of their portfolio | 318.4k $43.9m | Reduced -95.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 312.0k $43.0m | Reduced -21.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 310.8k $43.9m | Added +23.0k |
| Nuveen, LLC 0.01% of their portfolio | 299.6k $41.3m | Added +1.2k |
| National Pension Service 0.03% of their portfolio | 295.0k $40.7m | Added +27.4k |
| CITIGROUP INC 0.03% of their portfolio | 292.6k $40.4m | Reduced -37.8k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 286.0k $39.5m | Reduced -13.6k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 267.7k $36.9m | Reduced -46.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 261.6k $36.1m | Reduced -8.0k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.18% of their portfolio | 250.5k $34.6m | Added +5.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 247.6k $34.2m | Reduced -5.4k |
| CAMBIAR INVESTORS LLC 1.52% of their portfolio | 246.8k $34.0m | Added +19.6k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 246.6k $34.0m | Reduced -73.6k |
| Hook Mill Capital Partners, LP 3.15% of their portfolio | 242.2k $33.4m | Added +25.2k |
| MARSHALL WACE, LLP 0.03% of their portfolio | 241.0k $33.3m | Reduced -788.6k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.16% of their portfolio | 230.3k $31.8m | Reduced -11.9k |
| Gotham Asset Management, LLC 0.11% of their portfolio | 217.3k $30.0m | Added +108.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 212.9k $29.4m | Reduced -80.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 211.1k $29.1m | Reduced -1.6k |
| Connor, Clark & Lunn Investment Management Ltd. 0.07% of their portfolio | 200.5k $27.7m | Reduced -173.0k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 194.6k $26.8m | Added +15.0k |
| OLD REPUBLIC INTERNATIONAL CORP 1.08% of their portfolio | 193.5k $26.7m | Added +84.0k |
| MANE GLOBAL CAPITAL MANAGEMENT LP 1.41% of their portfolio | 186.2k $25.7m | New |
| Capital International, Inc./CA/ 0.20% of their portfolio | 185.5k $25.6m | Added +60.2k |
| AVIVA PLC 0.04% of their portfolio | 182.8k $25.2m | Added +46.9k |
| Tredje AP-fonden 0.19% of their portfolio | 182.7k $25.2m | Reduced -30.0k |
| STIFEL FINANCIAL CORP 0.02% of their portfolio | 179.8k $24.8m | Reduced -42.6k |
| VAUGHAN DAVID INVESTMENTS LLC/IL 0.53% of their portfolio | 177.0k $24.4m | Added +7.8k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 172.5k $23.8m | Added +24.9k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.05% of their portfolio | 166.1k $22.9m | Reduced -27.5k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 161.7k $22.3m | Added +20.2k |
| LPL Financial LLC 0.01% of their portfolio | 156.6k $21.6m | Added +4.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 155.6k $21.5m | Reduced -3.6k |
| Artisan Partners Limited Partnership 0.03% of their portfolio | 150.6k $20.8m | Reduced -41.9k |
| South Dakota Investment Council 0.39% of their portfolio | 147.7k $20.4m | Added +18.8k |
| Tidal Investments LLC 0.08% of their portfolio | 138.4k $19.1m | Reduced -15.9k |
| EP Wealth Advisors, LLC 0.10% of their portfolio | 133.5k $18.4m | First filing |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 1.22% of their portfolio | 131.5k $18.1m | Added +29.8k |
| HighTower Advisors, LLC 0.02% of their portfolio | 130.3k $18.0m | Reduced -22.8k |
| Korea Investment CORP 0.04% of their portfolio | 130.0k $17.9m | Added +33.5k |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.13% of their portfolio | 129.6k $17.9m | Added +82.8k |
| AIA Group Ltd 0.27% of their portfolio | 129.5k $17.9m | Added +122.6k |
| Framtiden Holdings Management Co LLC 19.31% of their portfolio | 129.0k $17.8m | First filing |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 128.9k $17.8m | Added +13.6k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio | 127.3k $17.6m | Reduced -2.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio | 125.1k $17.3m | Reduced -1.6k |
| IMC-Chicago, LLC 0.30% of their portfolio | 124.7k $17.2m | Reduced -286.1k |
| CORDA Investment Management, LLC. 1.25% of their portfolio | 124.4k $17.2m | Reduced -8.8k |
| CAPITAL INTERNATIONAL SARL 0.27% of their portfolio | 123.8k $17.1m | Added +112.3k |
| Distillate Capital Partners LLC 0.88% of their portfolio | 123.4k $17.0m | New |