STZ · NYSE · CIK 0000016918
Constellation Brands, Inc.
Constellation Brands, Inc. holds 2 disclosed positions, 1 of them carrying a sourced value and 1 that nobody has sized.
Constellation Brands, Inc. - Profile
- Sector
- Consumer StaplesGICS
- Industry
- BeveragesSIC 2080
- Listed on
- NYSE
- Employees
- 9,300stated 2021
- Incorporated in
- Delaware
- Financial year ends
- 28 February
Source
Address, industry classification, listing and incorporation come from Constellation Brands, Inc.'s own SEC filer record, so the industry is the SEC's dry classification rather than a marketing label. The website comes from Wikidata. The headcount is the figure the Wikipedia article states for 2021, not a figure this site has verified against a filing. The description is the opening paragraph of its Wikipedia article, used under CC BY-SA 4.0.
Share price
STZ
Description
Constellation Brands, Inc. is an American producer and marketer of beer, wine, and spirits. A Fortune 500 company, Constellation is the largest beer import company in the US, measured by sales, and has the third-largest market share (7.4 percent) of all major beer suppliers. It also has sizable investments in medical and recreational cannabis through its association with Canopy Growth. Based in Rochester, New York, Constellation has about 40 facilities and approximately 9,000 employees.
Equity stakes Constellation Brands, Inc. holds in other companies.
modelled, reported or pending
Select a row or a slice for its provenance: the filing it came from, when it was measured, and the arithmetic behind it if it was modelled.
The full register, from 13F filings
The Register tab above is hand research: a dozen holders, each traced to the filing it came from. This asks the same question of the whole market for the quarter ended 31-mar-2026, where 1,022 managers reported a position. Broad where the research is deep, and shallow in the ways a 13F always is.
1,022 managers reported a position, together holding 142.6m shares, or 83.5% of the company. The 40 largest are listed. Percentages are of a share count taken later than this quarter, because the count in force at the snapshot is not published as a structured fact for this company. Where the count has moved since, the figures are off by that much.
Built from 13F filings, which report US listed, long, US custodied positions only. A register from this source is a floor rather than a level: a holder's true position can be far larger, as BlackRock's ASML stake shows at 1.28m shares in a 13F against 26.3m in its 13G/A. Holdings held through derivatives, outside US custody, or below a manager's reporting obligation do not appear. Where a holder is marked as a family, its total sums several separate filing entities and describes something no single filing describes; the constituent entities and their share counts are listed so the total can be checked. That roll-up can legitimately exceed the family's own Schedule 13G, because a 13G is filed by one legal entity: Vanguard reports Alphabet through ten advisory entities, and The Vanguard Group Inc itself reported zero after its January 2026 disaggregation.
What a reader needs to know to read these numbers
- FISCAL PERIODS USED. Constellation's fiscal year ends in late February. The latest 10-K is for fiscal year 2026, ended 28 Feb 2026, filed 22 Apr 2026 (accession 0000016918-26-000011). The latest 10-Q is for the first quarter of fiscal year 2027, ended 31 May 2026, filed 1 Jul 2026 (accession 0000016918-26-000029); because it was filed AFTER the 10-K, its cover-page share counts (170,752,511 Class A as of 26 Jun 2026, 25,923 Class 1) are used for company.shares_outstanding rather than the 10-K's own slightly older cover-page count (172,172,544 Class A as of 17 Apr 2026). The latest DEF 14A is the 2026 proxy statement, filed 8 Jun 2026 (accession 0000016918-26-000023), Record Date 26 May 2026.
- DUAL-CLASS STRUCTURE WAS ELIMINATED IN 2022, CONTRADICTING THE BRIEF'S PREMISE. The brief describes Constellation as having 'a dual-class structure with family control' implying a high-vote founder class. That was true historically (Class B Convertible Common Stock, held by the Sands family, carried outsized votes), but Constellation's FY2026 10-K explicitly defines a defined term 'Reclassification' as 'the reclassification, exchange, and conversion of the Company's common stock to eliminate the Class B Convertible Common Stock... pursuant to the terms and conditions of the Reclassification Agreement', dated 30 Jun 2022. The 2026 proxy confirms directly: 'Following the Reclassification, the prior "high-vote/low-vote" voting structure was eliminated, and Constellation now has, for substantially all purposes, a single class of voting common stock (Class A Stock) with one vote per share.' Today (per the Q1 FY2027 10-Q cover page, 26 Jun 2026) Constellation has two classes: Class A Common Stock (170,752,511 shares, one vote per share, the only class that votes on ordinary proposals) and Class 1 Common Stock (25,923 shares; per the 2026 proxy, 'Shares of Class 1 Stock are only issued to certain recipients of stock option awards under our LTSIP, have limited voting rights, and holders of Class 1 Stock are not entitled to vote on any of the proposals described in this Proxy Statement'; Class 1 converts into Class A on sale). company.share_classes therefore records Class 1's votes_per_share as 0 (no vote on ordinary matters), and shares_outstanding is the all-classes total (170,778,434).
- SANDS FAMILY VOTING POWER TODAY IS CONTRACTUAL BOARD REPRESENTATION, NOT SUPERMAJORITY VOTES. Since the 2022 Reclassification, the Sands family's influence runs through the Reclassification Agreement rather than a high-vote share class: 'Until November 2027 and so long as the Sands Family Stockholders, collectively, have beneficial or record ownership of at least 10% of the issued and outstanding shares of Class A Stock, our Board of Directors will [nominate two Sands-designated directors]', dropping to one director nominee thereafter so long as they hold at least 5% of Class A Stock. WildStar (the Sands family's nominating vehicle) designated Richard Sands and Robert Sands, both sitting directors, under this right; both are also exempted from the company's normal age-75 director retirement policy. The Sands Family Group (per the 2026 proxy 5%-holder table) beneficially owns 21,285,657 shares of Class A Stock, 12.4% of that class (12.46% of all classes combined), comfortably above the 10% threshold that preserves the two-nominee right through November 2027. An aggregate of 11,479,728 Class A shares held by various Sands family investment vehicles were pledged to financial institutions to secure obligations of those vehicles as of the Record Date, per the same proxy.
- CANOPY GROWTH (CANNABIS) HOLDING: PRESENT TODAY, SHARES NOT WARRANTS, WRITTEN DOWN. Constellation currently holds 26.3 million 'Exchangeable Shares' (a Canopy-related instrument, NOT Canopy Growth Corporation's own listed common stock on Nasdaq: CGC / TSX: WEED), carried at $21.2 million as of 28 Feb 2026, unchanged from 28 Feb 2025 after a $76.1 million impairment recognized in Fiscal 2025 (written down from a $97.3 million carrying value at the April 2024 date of conversion). The FY2026 10-K was searched in full for 'warrant' and found none related to Canopy; the brief's premise that the position is held 'partly through shares and partly through warrants' is NOT borne out by the current 10-K, which discloses only the Exchangeable Shares. See the holdings entry's method_note for the full presence/absence evidence, including why the position's absence from the Q1 FY2027 10-Q's text search is read as quarterly-note condensation rather than a disposal (no offsetting gain/loss appears in that 10-Q's income statement).
- OTHER EQUITY-METHOD AND VENTURE INVESTMENTS ARE COMBINED BALANCES, NOT SIZED PER INVESTEE. Note 11 of the FY2026 10-K discloses two further buckets that were searched for 'equity method', 'unconsolidated', 'joint venture', 'investments in' and 'non-marketable equity': (1) 'Equity method investments', $128.8 million as of 28 Feb 2026 ($124.5 million as of 28 Feb 2025), covering several Wine and Spirits segment-related investments of which the 10-K names only Opus One Winery (a 50% owned joint venture) as the 'primary investment', without disclosing the split; recorded in holdings with value_usd null per the combined-balance rule. (2) 'Other investments in debt and equity securities', $69.1 million as of 28 Feb 2026 ($60.3 million as of 28 Feb 2025), described only as 'multiple investments through our corporate venture capital function in debt and equity securities' with no investee named at all; as of 28 Feb 2025 certain of these were written down to zero for a $47.9 million loss. Because no individual investee in this second bucket is named anywhere in the filing, it is NOT recorded as a holdings row (a row with every field null and no identifiable name would add nothing checkable); the $69.1 million combined figure is reported here and in unknowns instead.
- REGISTER SOURCING. All eight institutional/index rows use each filer's own fresh Q2 2026 Form 13F-HR (quarter ended 30 Jun 2026, the most recent quarter available as of this research date, 18 Aug 2026), read directly via scripts/filing.py rather than taken from this project's own STZ.json register file (which is dated to the quarter ended 31 Mar 2026) or from the 2026 proxy's 5%-holder table (which cites a stale 29 Apr 2026 Schedule 13G for Vanguard Capital Management alone, reporting only 10,490,856 shares versus the 18,638,801-share full-family sum used here). Vanguard's and Capital Group's full entity families (8 and 6 CIKs respectively) were swept using the CIK lists already resolved in data/registers/STZ.json, per the chunk 19-27 lesson that Vanguard reports through seven or eight entities and Capital Group through six.
- SELF-GATE, computed exactly as the register chart computes it (members counted at full value, the aggregate container reduced only by its own members' sum, everything else added in full): 12 register rows, summing to 87,546,112 shares against 170,778,434 shares outstanding, or 51.26%. This sits above the brief's general 25-45% expectation, consistent with the brief's own guidance that a large strategic or founder holder pushes the total up (as with Coca-Cola in Monster Beverage): excluding the three Sands rows (20,664,907 + 432,232 + 188,518 = 21,285,657 shares, 12.46%), the remaining nine institutional rows sum to 66,260,455 shares (38.80%), squarely inside the normal range.
Looked for, not found
Recorded rather than filled in. Each of these is a place where a number could have been invented and was not.
- Canopy Growth Corporation's own total common shares outstanding: not independently sourced (would require fetching Canopy's own filings, out of scope for this single-company task), so pct_of_target and pct_denominator on the Canopy holdings row are null.
- The exchange ratio between Constellation's 26.3 million Exchangeable Shares and Canopy Growth Corporation common stock: not disclosed anywhere in Constellation's FY2026 10-K text searched, so no common-share-equivalent estimate could be modelled.
- Whether Constellation holds any Canopy Growth or Canopy USA warrants today: none were found in the FY2026 10-K's two 'warrant' hits (both unrelated boilerplate), but a fully cost-basis-written-down, immaterial warrant position could in principle go unmentioned in a 10-K narrative; absence here is reported as evidence from the filing searched, not as certainty.
- The split of the $128.8 million combined 'Equity method investments' balance (as of 28 Feb 2026) between Opus One Winery and the other, unnamed investees in that bucket: not disclosed.
- The identity and value of the individual investees inside the $69.1 million 'Other investments in debt and equity securities' bucket (as of 28 Feb 2026): none are named in the FY2026 10-K; this entire bucket is omitted from holdings rather than mis-attributed.
- Whether any Vanguard- or Capital Group-affiliated 13F filer beyond the CIKs already resolved in data/registers/STZ.json holds STZ: those two CIK lists were treated as the complete families per the chunk 19-27 guidance, but were not independently re-derived from scratch.
- Precise dollar value of the Sands Family Group, Robert Sands, and Richard Sands register rows: the proxy's beneficial ownership table gives share counts and percentages but not dollar values, and no 26 May 2026 share price was independently sourced, so value_usd is null on all three rows rather than estimated.
- Whether Wellington, T. Rowe Price, Norges Bank, or other holders below the top 8-12 threshold used here individually cross 1% of the company: not exhaustively checked beyond the holders already identified; data/registers/STZ.json (Q1 2026 basis) lists roughly 35 further smaller filers not re-verified against Q2 2026 data for this file.