Constellation Brands
1,002 hedge funds and large institutions have $24B invested in Constellation Brands in 2019 Q1 according to their latest regulatory filings, with 201 funds opening new positions, 448 increasing their positions, 247 reducing their positions, and 137 closing their positions.
81% more repeat investments, than reductions
Existing positions increased: 448 | Existing positions reduced: 247
47% more first-time investments, than exits
New positions opened: 201 | Existing positions closed: 137
8% more capital invested
Capital invested by funds: $22.3B → $24B (+$1.72B)
5% more funds holding
Funds holding: 950 → 1,002 (+52)
7% less call options, than puts
Call options by funds: $599M | Put options by funds: $644M
1.38% less ownership
Funds ownership: 83.66% → 82.28% (-1.4%)
44% less funds holding in top 10
Funds holding in top 10: 27 → 15 (-12)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harris Associates
Chicago,
Illinois
|
+$399M |
| 2 |
JSP
Jackson Square Partners
Larkspur,
California
|
+$379M |
| 3 |
BlackRock
New York
|
+$292M |
| 4 |
JP Morgan Chase
New York
|
+$201M |
| 5 |
Jennison Associates
New York
|
+$135M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Melvin Capital Management
New York
|
-$438M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$184M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$182M |
| 4 |
SCM
Suvretta Capital Management
New York
|
-$167M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$153M |
STZ Hedge Fund Activity: Q1 2019 in Review
1,002 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Constellation Brands (STZ) for Q1 2019, worth a combined $24B — up 7.7% from $22.3B a quarter earlier.
Buyers outnumbered sellers: 201 funds opened new STZ positions and 137 closed out — a net gain of 64 holders — while 448 added to existing stakes and 247 trimmed.
The largest buyer was Harris Associates, opening a new position worth an estimated $399M. The largest seller was Melvin Capital Management, exiting entirely with an estimated $438M sold.
- 1,002 institutional investors held Constellation Brands (STZ) as of Q1 2019, up from 950 in Q4 2018.
- Funds reported $24B of Constellation Brands stock for Q1 2019, up 7.7% quarter-over-quarter.
- 201 funds opened new Constellation Brands positions in Q1 2019 and 137 closed out, a net change of +64 holders.
- The largest Constellation Brands buyer in Q1 2019 was Harris Associates, an estimated $399M added.
- The largest Constellation Brands seller in Q1 2019 was Melvin Capital Management, an estimated $438M sold.
Based on aggregated 13F filings for Q1 2019.