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 ($36.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $149.97. Options: 31 managers hold calls ($606.3m notional), 34 hold puts ($578.7m).
Trends to Q1 2026
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 |
| Q1 2026 | 1,050 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q1 2026 | 508 | 453 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $793.5m | $733.1m | 0.92 |
| Q3 2025 | $959.1m | $1.2bn | 1.23 |
| Q4 2025 | $971.6m | $905.9m | 0.93 |
| Q1 2026 | $606.3m | $578.7m | 0.95 |
Biggest buyers
| Capital World Investors | Added | +5.0m |
| CITADEL ADVISORS LLC | Added | +2.9m |
| Capital Research Global Investors | Added | +2.2m |
| Balyasny Asset Management L.P. | Added | +2.1m |
| FMR LLC | Added | +1.1m |
| MARSHALL WACE, LLP | Added | +864.0k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +612.3k |
| AMERIPRISE FINANCIAL INC | Added | +514.1k |
| Point72 Asset Management, L.P. | Added | +484.6k |
| BlackRock, Inc. | Added | +254.2k |
Biggest sellers
| Berkshire Hathaway Inc | Reduced | -12.4m |
| Capital International Investors | Reduced | -4.8m |
| Aristotle Capital Management, LLC | Sold out | -836.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -778.5k |
| JPMORGAN CHASE & CO | Reduced | -292.5k |
| HSBC HOLDINGS PLC | Reduced | -246.4k |
| Connor, Clark & Lunn Investment Management Ltd. | Sold out | -200.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -195.9k |
| MORGAN STANLEY | Reduced | -185.5k |
| Tredje AP-fonden | Reduced | -140.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $161.0m1.1m shares |
| CITADEL ADVISORS LLC | Reduced | $75.5m503.2k shares |
| JANE STREET GROUP, LLC | Reduced | $48.0m320.1k shares |
| Squarepoint Ops LLC | Reduced | $47.5m316.5k shares |
| IMC-Chicago, LLC | Reduced | $46.8m311.7k shares |
| Point72 Asset Management, L.P. | Reduced | $35.2m234.7k shares |
| Walleye Trading LLC | Added | $32.3m215.4k shares |
| BOOTHBAY FUND MANAGEMENT, LLC | Added | $25.6m170.8k shares |
| Tidal Investments LLC | Added | $20.4m136.2k shares |
| GROUP ONE TRADING LLC | Reduced | $19.1m127.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $210.6m1.4m shares |
| CITADEL ADVISORS LLC | Reduced | $75.0m500.1k shares |
| JANE STREET GROUP, LLC | Reduced | $48.0m320.3k shares |
| IMC-Chicago, LLC | Reduced | $43.2m288.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $18.6m124.2k shares |
| TUDOR INVESTMENT CORP ET AL | Reduced | $17.5m116.8k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $15.7m104.8k shares |
| Point72 Asset Management, L.P. | Added | $14.9m99.6k shares |
| GROUP ONE TRADING LLC | Added | $14.3m95.4k shares |
| Squarepoint Ops LLC | Reduced | $12.6m84.2k 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 Q1 2026
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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q1 2026 | 0 | — | 1 | $85.3k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-02-17 | Glaetzer Samuel J EVP & Pres. Wine and Spirits | Sold | $85.3k555 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| Capital World Investors 0.25% of their portfolio | 12.2m $1.8bn | Added +5.0m |
| BlackRock, Inc. 0.03% of their portfolio | 11.1m $1.7bn | Added +254.2k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 9.1m $1.4bn | First filing |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.06% of their portfolio | 7.5m $1.1bn | First filing |
| STATE STREET CORP 0.04% of their portfolio | 7.0m $1.1bn | Added +114.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.19% of their portfolio | 6.6m $994.6m | Added +612.3k |
| FMR LLC 0.04% of their portfolio | 5.1m $769.0m | Added +1.1m |
| Grantham, Mayo, Van Otterloo & Co. LLC 1.54% of their portfolio | 4.0m $603.9m | Added +161.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 3.8m $569.1m | Added +69.3k |
| CITADEL ADVISORS LLC 0.39% of their portfolio | 3.7m $556.4m | Added +2.9m |
| AMERIPRISE FINANCIAL INC 0.12% of their portfolio | 3.4m $511.2m | Added +514.1k |
| HARRIS ASSOCIATES L P 0.65% of their portfolio | 3.2m $485.0m | Reduced -885 |
| MORGAN STANLEY 0.02% of their portfolio | 2.5m $381.0m | Reduced -185.5k |
| VAN ECK ASSOCIATES CORP 0.26% of their portfolio | 2.3m $351.9m | Reduced -51.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 2.2m $335.3m | Added +103.2k |
| Capital Research Global Investors 0.05% of their portfolio | 2.2m $323.2m | Added +2.2m |
| Balyasny Asset Management L.P. 0.62% of their portfolio | 2.1m $314.1m | Added +2.1m |
| Invesco Ltd. 0.03% of their portfolio | 1.9m $284.5m | Added +170.8k |
| Point72 Asset Management, L.P. 0.49% of their portfolio | 1.9m $283.8m | Added +484.6k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 1.8m $274.0m | Added +88.5k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.82% of their portfolio | 1.8m $264.7m | Reduced -22.6k |
| Capital International Investors 0.06% of their portfolio | 1.6m $242.9m | Reduced -4.8m |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 1.4m $210.5m | Added +121.5k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.3m $200.5m | Reduced -91.6k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 1.3m $197.1m | Reduced -18.3k |
| Holocene Advisors, LP 0.42% of their portfolio | 1.2m $173.4m | Reduced -716 |
| UBS Group AG 0.03% of their portfolio | 1.1m $171.8m | Added +44.4k |
| MARSHALL WACE, LLP 0.18% of their portfolio | 1.1m $165.7m | Added +864.0k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 1.0m $156.4m | Added +40.1k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.0m $153.1m | Reduced -292.5k |
| DEUTSCHE BANK AG\ 0.05% of their portfolio | 1.0m $150.6m | Added +35.3k |
| NORDEA INVESTMENT MANAGEMENT AB 0.12% of their portfolio | 893.6k $133.4m | Added +25.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 881.6k $132.2m | Reduced -133.3k |
| Legal & General Group Plc 0.03% of their portfolio | 843.7k $126.6m | Added +61.1k |
| VANGUARD FIDUCIARY TRUST CO 0.03% of their portfolio | 789.7k $118.5m | First filing |
| Pacer Advisors, Inc. 0.32% of their portfolio | 746.7k $112.0m | Reduced -4.7k |
| LSV ASSET MANAGEMENT 0.22% of their portfolio | 666.3k $99.9m | Added +171.1k |
| Berkshire Hathaway Inc 0.04% of their portfolio | 632.9k $94.9m | Reduced -12.4m |
| Ilex Capital Partners (UK) LLP 2.33% of their portfolio | 630.7k $94.6m | Reduced -44.9k |
| Empyrean Capital Partners, LP 3.03% of their portfolio | 606.2k $90.9m | Added +19.5k |
| PZENA INVESTMENT MANAGEMENT LLC 0.29% of their portfolio | 595.8k $89.4m | Added +5.9k |
| JANUS HENDERSON GROUP PLC 0.04% of their portfolio | 585.9k $87.9m | Added +31.7k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 539.1k $80.9m | Reduced -115.8k |
| CITIGROUP INC 0.05% of their portfolio | 502.6k $75.4m | Added +210.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio | 490.1k $73.5m | Reduced -778.5k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 482.2k $72.3m | Added +69.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio | 479.8k $73.1m | Added +78.7k |
| Swiss National Bank 0.04% of their portfolio | 432.5k $64.9m | Added +24.1k |
| Amundi 0.02% of their portfolio | 412.5k $61.9m | Added +54.2k |
| National Pension Service 0.05% of their portfolio | 402.9k $60.4m | Added +107.9k |
| AVIVA PLC 0.10% of their portfolio | 402.8k $60.4m | Added +220.0k |
| FIL Ltd 0.04% of their portfolio | 376.0k $56.4m | Reduced -22.0k |
| Nuveen, LLC 0.01% of their portfolio | 366.2k $54.9m | Added +66.6k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 362.7k $54.4m | Added +168.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 339.4k $50.9m | Added +77.8k |
| BARCLAYS PLC 0.02% of their portfolio | 336.7k $50.5m | Added +18.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 326.0k $48.9m | Added +15.2k |
| California Public Employees Retirement System 0.03% of their portfolio | 323.0k $48.5m | Reduced -27.8k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 313.0k $46.9m | Added +45.2k |
| Vanguard Global Advisers, LLC 0.02% of their portfolio | 308.8k $46.3m | First filing |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 306.5k $46.0m | Reduced -5.6k |
| Hook Mill Capital Partners, LP 3.96% of their portfolio | 299.5k $44.9m | Added +57.3k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 296.7k $44.5m | Added +10.7k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.78% of their portfolio | 293.2k $44.0m | Reduced -69.6k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 292.7k $43.9m | Added +46.1k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 292.3k $43.9m | Reduced -246.4k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 277.6k $41.6m | Added +105.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 271.4k $40.7m | Added +58.5k |
| CAMBIAR INVESTORS LLC 1.87% of their portfolio | 268.5k $40.3m | Added +21.8k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.03% of their portfolio | 266.2k $39.9m | First filing |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.22% of their portfolio | 260.1k $39.0m | Added +9.6k |
| Gotham Asset Management, LLC 0.12% of their portfolio | 258.8k $38.8m | Added +41.5k |
| HighTower Advisors, LLC 0.04% of their portfolio | 247.1k $37.1m | Added +116.8k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 243.5k $36.5m | Added +149.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 241.5k $36.2m | Reduced -6.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 201.5k $30.2m | Reduced -9.7k |
| STIFEL FINANCIAL CORP 0.03% of their portfolio | 197.2k $29.6m | Added +17.4k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.18% of their portfolio | 193.8k $29.1m | Reduced -36.5k |
| OLD REPUBLIC INTERNATIONAL CORP 1.15% of their portfolio | 193.5k $29.0m | Unchanged |
| Contrarius Group Holdings Ltd 1.61% of their portfolio | 189.4k $28.4m | New |
| VAUGHAN DAVID INVESTMENTS LLC/IL 0.60% of their portfolio | 189.1k $28.4m | Added +12.0k |
| Capital International, Inc./CA/ 0.21% of their portfolio | 181.0k $27.2m | Reduced -4.5k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 0.40% of their portfolio | 171.6k $25.7m | Added +62.9k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 165.7k $22.9m | Added +4.0k |
| NATIONAL BANK OF CANADA /FI/ 0.03% of their portfolio | 164.1k $24.6m | Added +87.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 163.8k $24.6m | Added +8.2k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 0.35% of their portfolio | 160.0k $24.0m | Added +39.9k |
| Tidal Investments LLC 0.07% of their portfolio | 156.6k $23.5m | Added +18.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 152.6k $22.9m | Added +86.4k |
| MANE GLOBAL CAPITAL MANAGEMENT LP 2.32% of their portfolio | 150.4k $22.6m | Reduced -35.8k |
| South Dakota Investment Council 0.42% of their portfolio | 147.5k $22.1m | Reduced -189 |
| LPL Financial LLC 0.01% of their portfolio | 145.3k $21.8m | Reduced -11.2k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 1.38% of their portfolio | 145.0k $21.8m | Added +13.5k |
| Ceredex Value Advisors LLC 0.68% of their portfolio | 143.6k $21.5m | New |
| EP Wealth Advisors, LLC 0.10% of their portfolio | 141.7k $21.2m | Added +8.2k |
| CORDA Investment Management, LLC. 1.45% of their portfolio | 140.1k $21.0m | Added +15.7k |
| Framtiden Holdings Management Co LLC 20.56% of their portfolio | 140.0k $21.0m | Added +11.0k |
| AEGON ASSET MANAGEMENT UK Plc 0.27% of their portfolio | 137.7k $20.7m | Not comparable |
| Korea Investment CORP 0.04% of their portfolio | 135.3k $20.3m | Added +5.3k |
| CAPITAL INTERNATIONAL SARL 0.33% of their portfolio | 135.2k $20.3m | Added +11.4k |