CONSTELLATION BRANDS, INC. (STZ)

NYSE · Beverages

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

85 entities across 15 jurisdictions, 6 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-04-22 — see the exhibit.

Which other public companies file entities in the same places:

Delaware37 Mexico8 New York6 California6 Switzerland6 New Zealand6 Utah3 Texas2 Luxembourg2 Malta2 Barbados2 Italy2

Subsidiaries of CONSTELLATION BRANDS, INC. as disclosed in its SEC filing
Entity	Jurisdiction	Note
ALCOFI Inc.	New York
Allberry, Inc.	California
Austin Cocktails Investments, LLC	Texas
Bebidas Espirituosas Constellation Mexico, S. de R.L. de C.V.	Mexico
CB Blue Holdings LLC	Delaware
CB Brand Strategies, LLC	Delaware
CB Brand Strategies II, LLC	Delaware
CB Brandy LLC	Delaware
CB Cerveza Holdings S.à r.l.	Luxembourg	offshore centre
CB Cerveza Operations, S. de R.L. de C.V.	Mexico
CB Coastal LLC	Delaware
CB Distilled Spirits LLC	Delaware
CBGE LLC	Delaware
CB Glass Holdings GmbH	Switzerland
CB International Finance S.à r.l.	Luxembourg	offshore centre
CB Procurement LLC	Delaware
CB NVA LLC	Delaware
CBAC Investment LLC	Delaware
CBG Holdings LLC	Delaware
CBNZ Vintners Limited	New Zealand
CBrands International LLC	Delaware
CBUS Crew Holdings, Inc.	Delaware
CBV Ventures LLC	Delaware
CBW LLC	Delaware
CBZ LLC	Delaware
Cerveza Financing Limited	Malta	offshore centre
Cerveza Holdings LLC	Delaware
Cerveza International Investments LLC	Delaware
Cerveza Investments Limited	Malta	offshore centre
CI Cerveza GmbH	Switzerland
CIH Holdings Mexico, S. de R.L. de C.V.	Mexico
CIH International S.à r.l. a/k/a CIH International GmbH	Switzerland
Cloud Peak Corporation	California
CO Vidriera S.à r.l. a/k/a CO Vidriera GmbH*	Switzerland
Compañía Cervecera de Coahuila, S. de R.L. de C.V.	Mexico
Compañía Cervecera de Obregón, S. de R.L. de C.V.	Mexico
Compañía Cervecera de Veracruz, S. de R.L. de C.V.	Mexico
Constellation Beers LLC	Delaware
Constellation Brands Beach Holdings LLC	Delaware
Constellation Brands Hong Kong Limited	Hong Kong
Constellation Brands International IBC, Inc.	Barbados	offshore centre
Constellation Brands International SRL	Barbados	offshore centre
Constellation Brands Mexico S. de R. L. de C.V.	Mexico
Constellation Brands New Zealand Limited	New Zealand
Constellation Brands U.S. Operations, Inc.	New York
Constellation Capital LLC	Delaware
Constellation International Holdings Limited	New York
Constellation Leasing, LLC	New York
Constellation Marketing Services, Inc.	Delaware
Constellation NZ Holdings	New Zealand
Constellation Services LLC	Delaware
Constellation Trading Company, Inc.	New York
CKAB Company	Kentucky
Crown Imports LLC	Delaware
CWI Holdings LLC	New York
Declan Distillers, LLC	Texas
Goose Egg, LLC	Delaware
Greenstar II Holdings LLC	Delaware
Greenstar II LLC	Delaware
HBMB, Inc.	Delaware
High West Distillery, LLC	Utah
High West Holdings, LLC	Delaware
High West Properties, LLC	Utah
High West Saloon, LLC	Utah
Industria Vidriera de Coahuila, S. de R.L. de C.V.*	Mexico
Kim Crawford Wines Limited	New Zealand
Kingstreet GmbH	Switzerland
My Favorite Neighbor, LLC	California
Nelson’s Green Brier Distillery, LLC	Delaware
NZCB Pacific Limited	New Zealand
RMD Acquisition Corp.	Delaware
Robert Mondavi Investments	California
Ruffino S.r.l.	Italy
Schrader Cellars, LLC	California
Selaks Wines Limited	New Zealand
Star Catcher LLC	Delaware
Star Catcher Beverages LLC	Delaware
STZ Lucky Stars LLC	Delaware
Tenute Ruffino S.r.l. Società Agricola	Italy
The Robert Mondavi Company II LLC	Delaware
The Robert Mondavi Corporation	California
TPWC, Inc.	Delaware
Vidriera Holdings S.à r.l. a/k/a Vidriera Holdings GmbH*	Switzerland
Vincor Finance, LLC	Delaware
Washington State Wine Company, Inc.	Washington

Financial health

Two standard screens, computed from the XBRL in FY2026 against FY2025. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 8

PASSReturn on assets positiveROA 7.7%
PASSOperating cash flow positiveOCF 2.7B
PASSReturn on assets improving-0.4% → 7.7%
PASSCash flow exceeds earningsOCF 2.7B vs NI 1.7B
FAILLong-term debt ratio falling42.9% → 44.3% of assets
PASSCurrent ratio improving0.92 → 1.08
FAILNo share dilutionno data
FAILGross margin improving52.1% → 51.6%
FAILAsset turnover improving0.47× → 0.42×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2021	$8.6B	$2.0B	$1.9B	51.8%	—
FY2022	$8.8B	−$40.4M	$1.7B	53.4%	—
FY2023	$9.5B	−$71.0M	$1.7B	50.5%	—
FY2024	$10.0B	$1.7B	$1.5B	50.4%	—
FY2025	$10.2B	−$81.4M	$1.9B	52.1%	—
FY2026	$9.1B	$1.7B	$1.8B	51.6%	—

Ownership flow

16 institutions tracked — 5 added, 9 reduced, 2 opened a new position, 1 sold out. Index money added 194,806 shares while active managers cut 4,979,783.

Institutional holders of CONSTELLATION BRANDS, INC. and their share-count change
Manager	Kind	Shares	Change	Value
WELLINGTON MANAGEMENT GROUP LLP	Active fund	3,817,651	−2,813,266	$531.0M
Capital World Investors	Active fund	11,208,782	−997,711	$1.6B
Point72 Asset Management, L.P.	Hedge fund	2,838,767	+612,582	$394.8M
FMR LLC	Active fund	4,600,566	−525,977	$639.9M
CITADEL ADVISORS LLC	Hedge fund	4,205,605	−507,018	$585.0M
BlackRock, Inc.	Index	11,539,924	+420,325	$1.6B
BANK OF AMERICA CORP /DE/	Active fund	1,091,904	−311,371	$151.9M
STATE STREET CORP	Index	6,788,959	−236,750	$944.3M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	111,414	−166,219	$15.2M
JPMORGAN CHASE & CO	Active fund	936,629	−155,659	$130.8M
MORGAN STANLEY	Active fund	2,405,508	−134,157	$334.6M
GEODE CAPITAL MANAGEMENT, LLC	Index	3,820,120	+11,231	$529.3M
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	211,111	+9,630	$29.4M
Bridgewater Associates, LP	Hedge fund	20,906	+9,383	$2.9M

NORGES BANK, RENAISSANCE TECHNOLOGIES LLC hold a position with no prior filing to compare against, so their change is unknown rather than zero — and they are left out of the totals above.

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Shares repurchased

2026Q2: $223.8M
2025Q2: $306.1M
2024Q2: $200.0M
2023Q2: $35.0M
2022Q2: $1.0B
2021Q2: $400.8M

Identity

CIK: 0000016918
SIC: 2080 · Beverages
Incorporated: DE
Headquarters: ROCHESTER, NY

Ownership

Institutional: 88.4%
Institutions: 1,415
Insiders: 12.6%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other beverages companies

CONSTELLATION BRANDS, INC. files under SIC 2080 — all 7 beverages companies compared on assets and F-score.

PEPSICO INCPEP COCA COLA COKO Keurig Dr Pepper Inc.KDP Primo Brands CorpPRMB BROWN FORMAN CORPBF-B Westrock Coffee CoWEST

Questions about CONSTELLATION BRANDS, INC.

How many subsidiaries does CONSTELLATION BRANDS, INC. file with the SEC?: 85, listed in its most recent exhibit 21. They are incorporated across 15 jurisdictions, led by New York, California, Texas. 6 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is CONSTELLATION BRANDS, INC. financially healthy?: CONSTELLATION BRANDS, INC. scores 5 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of CONSTELLATION BRANDS, INC.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), Capital World Investors (trimming), STATE STREET CORP (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

85 entities across 15 jurisdictions, 6 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-04-22 — see the exhibit.

Entity

Jurisdiction

Note

ALCOFI Inc.

New York

Allberry, Inc.

California

Austin Cocktails Investments, LLC

Texas

Bebidas Espirituosas Constellation Mexico, S. de R.L. de C.V.

Mexico

CB Blue Holdings LLC

Delaware

CB Brand Strategies, LLC

Delaware

CB Brand Strategies II, LLC

Delaware

CB Brandy LLC

Delaware

CB Cerveza Holdings S.à r.l.

Luxembourg

offshore centre

CB Cerveza Operations, S. de R.L. de C.V.

Mexico

CB Coastal LLC

Delaware

CB Distilled Spirits LLC

Delaware

CBGE LLC

Delaware

CB Glass Holdings GmbH

Switzerland

CB International Finance S.à r.l.

Luxembourg

offshore centre

CB Procurement LLC

Delaware

CB NVA LLC

Delaware

CBAC Investment LLC

Delaware

CBG Holdings LLC

Delaware

CBNZ Vintners Limited

New Zealand

CBrands International LLC

Delaware

CBUS Crew Holdings, Inc.

Delaware

CBV Ventures LLC

Delaware

CBW LLC

Delaware

CBZ LLC

Delaware

Cerveza Financing Limited

Malta

offshore centre

Cerveza Holdings LLC

Delaware

Cerveza International Investments LLC

Delaware

Cerveza Investments Limited

Malta

offshore centre

CI Cerveza GmbH

Switzerland

CIH Holdings Mexico, S. de R.L. de C.V.

Mexico

CIH International S.à r.l. a/k/a CIH International GmbH

Switzerland

Cloud Peak Corporation

California

CO Vidriera S.à r.l. a/k/a CO Vidriera GmbH*

Switzerland

Compañía Cervecera de Coahuila, S. de R.L. de C.V.

Mexico

Compañía Cervecera de Obregón, S. de R.L. de C.V.

Mexico

Compañía Cervecera de Veracruz, S. de R.L. de C.V.

Mexico

Constellation Beers LLC

Delaware

Constellation Brands Beach Holdings LLC

Delaware

Constellation Brands Hong Kong Limited

Hong Kong

Constellation Brands International IBC, Inc.

Barbados

offshore centre

Constellation Brands International SRL

Barbados

offshore centre

Constellation Brands Mexico S. de R. L. de C.V.

Mexico

Constellation Brands New Zealand Limited

New Zealand

Constellation Brands U.S. Operations, Inc.

New York

Constellation Capital LLC

Delaware

Constellation International Holdings Limited

New York

Constellation Leasing, LLC

New York

Constellation Marketing Services, Inc.

Delaware

Constellation NZ Holdings

New Zealand

Constellation Services LLC

Delaware

Constellation Trading Company, Inc.

New York

CKAB Company

Kentucky

Crown Imports LLC

Delaware

CWI Holdings LLC

New York

Declan Distillers, LLC

Texas

Goose Egg, LLC

Delaware

Greenstar II Holdings LLC

Delaware

Greenstar II LLC

Delaware

HBMB, Inc.

Delaware

High West Distillery, LLC

Utah

High West Holdings, LLC

Delaware

High West Properties, LLC

Utah

High West Saloon, LLC

Utah

Industria Vidriera de Coahuila, S. de R.L. de C.V.*

Mexico

Kim Crawford Wines Limited

New Zealand

Kingstreet GmbH

Switzerland

My Favorite Neighbor, LLC

California

Nelson’s Green Brier Distillery, LLC

Delaware

NZCB Pacific Limited

New Zealand

RMD Acquisition Corp.

Delaware

Robert Mondavi Investments

California

Ruffino S.r.l.

Italy

Schrader Cellars, LLC

California

Selaks Wines Limited

New Zealand

Star Catcher LLC

Delaware

Star Catcher Beverages LLC

Delaware

STZ Lucky Stars LLC

Delaware

Tenute Ruffino S.r.l. Società Agricola

Italy

The Robert Mondavi Company II LLC

Delaware

The Robert Mondavi Corporation

California

TPWC, Inc.

Delaware

Vidriera Holdings S.à r.l. a/k/a Vidriera Holdings GmbH*

Switzerland

Vincor Finance, LLC

Delaware

Washington State Wine Company, Inc.

Washington

Financial health

Two standard screens, computed from the XBRL in FY2026 against FY2025. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 8

PASSReturn on assets positiveROA 7.7%
PASSOperating cash flow positiveOCF 2.7B
PASSReturn on assets improving-0.4% → 7.7%
PASSCash flow exceeds earningsOCF 2.7B vs NI 1.7B
FAILLong-term debt ratio falling42.9% → 44.3% of assets
PASSCurrent ratio improving0.92 → 1.08
FAILNo share dilutionno data
FAILGross margin improving52.1% → 51.6%
FAILAsset turnover improving0.47× → 0.42×

Year

Revenue

Net income

Free cash flow

Gross margin

FY2021

$8.6B

$2.0B

$1.9B

51.8%

—

FY2022

$8.8B

−$40.4M

$1.7B

53.4%

—

FY2023

$9.5B

−$71.0M

$1.7B

50.5%

—

FY2024

$10.0B

$1.7B

$1.5B

50.4%

—

FY2025

$10.2B

−$81.4M

$1.9B

52.1%

—

FY2026

$9.1B

$1.7B

$1.8B

51.6%

—

Ownership flow

16 institutions tracked — 5 added, 9 reduced, 2 opened a new position, 1 sold out. Index money added 194,806 shares while active managers cut 4,979,783.

Institutional holders of CONSTELLATION BRANDS, INC. and their share-count change
Manager	Kind	Shares	Change	Value
WELLINGTON MANAGEMENT GROUP LLP	Active fund	3,817,651	−2,813,266	$531.0M
Capital World Investors	Active fund	11,208,782	−997,711	$1.6B
Point72 Asset Management, L.P.	Hedge fund	2,838,767	+612,582	$394.8M
FMR LLC	Active fund	4,600,566	−525,977	$639.9M
CITADEL ADVISORS LLC	Hedge fund	4,205,605	−507,018	$585.0M
BlackRock, Inc.	Index	11,539,924	+420,325	$1.6B
BANK OF AMERICA CORP /DE/	Active fund	1,091,904	−311,371	$151.9M
STATE STREET CORP	Index	6,788,959	−236,750	$944.3M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	111,414	−166,219	$15.2M
JPMORGAN CHASE & CO	Active fund	936,629	−155,659	$130.8M
MORGAN STANLEY	Active fund	2,405,508	−134,157	$334.6M
GEODE CAPITAL MANAGEMENT, LLC	Index	3,820,120	+11,231	$529.3M
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	211,111	+9,630	$29.4M
Bridgewater Associates, LP	Hedge fund	20,906	+9,383	$2.9M

NORGES BANK, RENAISSANCE TECHNOLOGIES LLC hold a position with no prior filing to compare against, so their change is unknown rather than zero — and they are left out of the totals above.

Questions about CONSTELLATION BRANDS, INC.

How many subsidiaries does CONSTELLATION BRANDS, INC. file with the SEC?

85, listed in its most recent exhibit 21. They are incorporated across 15 jurisdictions, led by New York, California, Texas. 6 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is CONSTELLATION BRANDS, INC. financially healthy?

CONSTELLATION BRANDS, INC. scores 5 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of CONSTELLATION BRANDS, INC.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), Capital World Investors (trimming), STATE STREET CORP (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.