Constellation Brands - When does this get interesting?

Welcome back! Today we’re sending this edition of WSR Investing Club out broadly to folks.

Constellation Brands:

Wall Street has proclaimed booze dead and sent booze stocks 📉. But Berkshire Hathaway, not estranged to addictive beverages and benevolent brands, quenched its thirst for value by swooping millions of STZ shares. During Q4 of last year, BRK acquired 5,624,324 shares, then 6,384,676 shares in Q1 of 2025, and 1,319,000 shares the following quarter, accounting for 7.6% of STZ’s outstanding shares worth $2.16 billion. 

Not large enough to be Buffett, so the usual suspects, Ted and Todd, are most likely responsible. Berkshire owns 227,750 shares of Guinness owner Diageo (DEO) valued at $25.47 million. Given Ted doesn’t flirt with positions and tends to become the largest shareholder over time, we could deduce the alcohol picks are Todd’s doing. Then again, BRK is STZ’s fourth-largest shareholder. Just seven million odd shares away from dethroning the top slot. 

Constellation Brands Snapshot:

Subscribe to the Wall Street Rollup Investing Club to read the rest.