Top Superinvestors Are Buying Constellation Brands (STZ)

According to the most recent 13F filings, institutional investors continued to make targeted moves in Constellation Brands (STZ), reinforcing confidence in the company’s premium beverage portfolio, strong cash generation, and defensive consumer positioning. While several long-term holders maintained sizable stakes, a number of prominent managers increased exposure or initiated new positions, signaling renewed interest at current levels. Below are the most notable changes from the last quarter:

---

Gotham Asset Management LLC (Joel Greenblatt)

Shares: 108,954  Change: +56,241  Value: $0.01B
Joel Greenblatt significantly increased his stake, more than doubling Gotham’s position. The aggressive addition suggests strong conviction in STZ’s valuation, margin stability, and long-term return potential.

---

Grantham, Mayo, Van Otterloo & Co. LLC (Jeremy Grantham)

Shares: 3,710,940  Change: +35,085  Value: $0.50B
Jeremy Grantham modestly added to his already substantial holding. The move aligns with GMO’s preference for high-quality consumer franchises with durable brands and predictable cash flows.

---

Bridgewater Associates, LP (Ray Dalio)

Shares: 19,286  Change: +11,053  Value: $0.00B
Ray Dalio increased Bridgewater’s position by more than 130%, marking a notable reallocation toward defensive consumer exposure amid ongoing macro uncertainty.

---

AQR Capital Management LLC (Cliff Asness)

Shares: 147,669  Change: +6,172  Value: $0.02B
Cliff Asness added incrementally to AQR’s position, maintaining exposure to a company that combines strong brand equity with disciplined capital allocation and shareholder returns.

---

Point72 Asset Management, L.P. (Steve Cohen)

Shares: 218,718  Change: New Position  Value: $0.03B
Steve Cohen initiated a new stake in STZ, a move often associated with tactical positioning around improving fundamentals or potential earnings catalysts.

---

Olstein Capital Management, L.P. (Rob Olstein)

Shares: 28,500  Change: New Position  Value: $0.00B
Rob Olstein opened a new position, consistent with his strategy of identifying cash-generative businesses trading below intrinsic value.

---

Maverick Capital Ltd (Lee Ainslie)

Shares: 8,755  Change: New Position  Value: $0.00B
Lee Ainslie initiated a starter position, suggesting early-stage interest in STZ as a long-term consumer compounder.

---

Berkshire Hathaway Inc. (Warren Buffett)

Shares: 13,400,000  Change: No Change  Value: $1.80B
Warren Buffett maintained Berkshire Hathaway’s massive stake. The unchanged position underscores long-term confidence in Constellation Brands’ pricing power, brand strength, and consistent free cash flow generation.

---

GAMCO Investors, Inc. ET AL (Mario Gabelli)

Shares: 3,000  Change: No Change  Value: $0.00B
Mario Gabelli held his position steady, keeping STZ on his value-investing watchlist.

Taken together, these moves highlight a blend of long-term conviction and fresh institutional interest in Constellation Brands, reinforcing its status as a high-quality consumer holding with resilient earnings and durable competitive advantages.