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According to their latest 13F filings, institutional investors made a series of notable moves in Constellation Brands (STZ), one of the leading global producers of premium beer, wine, and spirits. STZ’s steady cash generation, strong brand portfolio, and resilient consumer demand continue to attract both long-term value investors and quantitative managers. Here are the most important position changes from the quarter:

Gotham Asset Management LLC (Joel Greenblatt)

Shares: 108,954  Change: +56,241  Value: $0.01B
Joel Greenblatt sharply increased his position, adding more than 56,000 shares. The sizable boost suggests strong conviction in STZ’s durable margins, pricing power, and cash-return strategy.

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 large STZ holding. The incremental increase is consistent with GMO’s practice of scaling into high-quality consumer franchises trading at reasonable valuations.

Bridgewater Associates, LP (Ray Dalio)

Shares: 19,286  Change: +11,053  Value: $0.00B
Ray Dalio more than doubled Bridgewater’s position this quarter. The addition reflects the fund’s continued exposure to stable, defensive consumer names that perform well across macro regimes.

AQR Capital Management LLC (Cliff Asness)

Shares: 147,669  Change: +6,172  Value: $0.02B
Cliff Asness increased AQR’s stake once again, maintaining momentum in firms with consistent cash flows, disciplined capital allocation, and proven brand strength.

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

Shares: 218,718  Change: New Position  Value: $0.03B
Steve Cohen initiated a brand-new stake in STZ. As a tactical buyer, Cohen often targets companies with improving fundamentals and near-term catalysts—suggesting STZ may sit at the intersection of value, momentum, and earnings quality.

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

Shares: 28,500  Change: New Position  Value: $0.00B
Rob Olstein opened a new position, aligning with his focus on undervalued consumer companies with strong free cash flow visibility and balance-sheet strength.

Maverick Capital Ltd (Lee Ainslie)

Shares: 8,755  Change: New Position  Value: $0.00B
Lee Ainslie added STZ to Maverick’s portfolio, likely viewing it as a high-quality consumer staple with attractive long-term compounding characteristics.

GAMCO Investors, Inc. ET AL (Mario Gabelli)

Shares: 3,000  Change: No Change  Value: $0.00B
Mario Gabelli maintained his small position this quarter, keeping STZ on the radar as a resilient consumer brand with stable long-term economics.

Berkshire Hathaway Inc. (Warren Buffett)

Shares: 13,400,000  Change: No Change  Value: $1.80B
Warren Buffett held his massive STZ position steady. Berkshire’s unchanged stake reflects long-term confidence in STZ’s combination of recurring cash flows, strong brand equity, and disciplined capital returns.

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