Constellation Brands, Inc. is the subject of a Schedule 13G/A in which Warren E. Buffett, Berkshire Hathaway Inc. and related entities report beneficial ownership of 13,400,000 shares of Constellation’s common stock, representing 7.6% of the class as of the event date of 09/30/2025. National Indemnity Company, GEICO Corporation and Government Employees Insurance Company each report beneficial ownership of 13,000,000 shares, or 7.4% of the class, while Precision Castparts Corp. Master Trust reports 400,000 shares, or 0.2%. The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Constellation Brands.
Positive
None.
Negative
None.
Insights
Berkshire-related entities report a 7.6% passive stake in Constellation Brands via Schedule 13G/A.
Warren E. Buffett, Berkshire Hathaway Inc. and affiliated entities disclose beneficial ownership of 13,400,000 shares of Constellation Brands common stock, equal to 7.6% of the outstanding class as of the 09/30/2025 event date. The filing shows shared voting and dispositive power over these shares, with no sole voting or dispositive authority reported for the key entities.
Within the group, National Indemnity Company, GEICO Corporation and Government Employees Insurance Company each report 13,000,000 shares, or 7.4% of the class, while Precision Castparts Corp. Master Trust reports 400,000 shares, or 0.2%. This structure indicates that the stake is held across multiple Berkshire-related insurance and benefit plan entities, consistent with diversified portfolio management.
The certification explicitly states that the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of Constellation Brands. Because the disclosure is structured as a passive ownership report on Schedule 13G/A, it functions primarily as a transparency event rather than signaling a stated change in corporate control or strategy.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Constellation Brands, Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
21036P108
(CUSIP Number)
09/30/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
21036P108
1
Names of Reporting Persons
Warren E. Buffett
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
13,400,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
13,400,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
13,400,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.6 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
CUSIP No.
21036P108
1
Names of Reporting Persons
Berkshire Hathaway Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
13,400,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
13,400,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
13,400,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.6 %
12
Type of Reporting Person (See Instructions)
HC, CO
SCHEDULE 13G
CUSIP No.
21036P108
1
Names of Reporting Persons
National Indemnity Company
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
NEBRASKA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
13,000,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
13,000,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
13,000,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.4 %
12
Type of Reporting Person (See Instructions)
IC, CO
SCHEDULE 13G
CUSIP No.
21036P108
1
Names of Reporting Persons
GEICO Corporation
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
13,000,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
13,000,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
13,000,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.4 %
12
Type of Reporting Person (See Instructions)
HC, CO
SCHEDULE 13G
CUSIP No.
21036P108
1
Names of Reporting Persons
Government Employees Insurance Company
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
NEBRASKA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
13,000,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
13,000,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
13,000,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.4 %
12
Type of Reporting Person (See Instructions)
IC, CO
SCHEDULE 13G
CUSIP No.
21036P108
1
Names of Reporting Persons
Precision Castparts Corp. Master Trust
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
400,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
400,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
400,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.2 %
12
Type of Reporting Person (See Instructions)
EP
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Constellation Brands, Inc.
(b)
Address of issuer's principal executive offices:
50 East Broad Street, Rochester, New York, 14614
Item 2.
(a)
Name of person filing:
Warren E. Buffett
Berkshire Hathaway Inc.
National Indemnity Company
GEICO Corporation
Government Employees Insurance Company
Precision Castparts Corporation Master Trust
(b)
Address or principal business office or, if none, residence:
Warren E. Buffett
3555 Farnam Street
Omaha, NE 68131
Berkshire Hathaway Inc.
3555 Farnam Street
Omaha, NE 68131
National Indemnity Company
1314 Douglas Street
Omaha, NE 68102
GEICO Corporation
One GEICO Plaza
Washington, DC 20076
Government Employees Insurance Company
One GEICO Plaza
Washington, DC 20076
Precision Castparts Corp. Master Trust
5885 Meadows Road
Lake Oswego, OR 97035
(c)
Citizenship:
Warren E. Buffett (United States); Berkshire Hathaway Inc. (Delaware); National Indemnity Company (Nebraska); GEICO Corporation (Delaware); Government Employees Insurance Company (Nebraska); Precision Castparts Corp. Master Trust (Delaware).
(d)
Title of class of securities:
Common Stock, par value $0.01 per share
(e)
CUSIP No.:
21036P108
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
See the Cover Pages for each of the Reporting Persons.
(b)
Percent of class:
See the Cover Pages for each of the Reporting Persons.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See the Cover Pages for each of the Reporting Persons.
(ii) Shared power to vote or to direct the vote:
See the Cover Pages for each of the Reporting Persons.
(iii) Sole power to dispose or to direct the disposition of:
See the Cover Pages for each of the Reporting Persons.
(iv) Shared power to dispose or to direct the disposition of:
See the Cover Pages for each of the Reporting Persons.
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Not Applicable.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Exhibit A.
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
See Exhibit A.
Item 9.
Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
Not Applicable.
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
How many Constellation Brands (STZ) shares do Warren Buffett and Berkshire Hathaway report owning?
The reporting group led by Warren E. Buffett and Berkshire Hathaway Inc. reports beneficial ownership of 13,400,000 shares of Constellation Brands common stock.
What percentage of Constellation Brands common stock does Berkshire Hathaways group hold?
The reporting persons state that they beneficially own 7.6% of the outstanding class of Constellation Brands common stock as of the 09/30/2025 event date.
Which Berkshire-related entities are included in this Schedule 13G/A for Constellation Brands (STZ)?
The filing lists Warren E. Buffett, Berkshire Hathaway Inc., National Indemnity Company, GEICO Corporation, Government Employees Insurance Company and Precision Castparts Corp. Master Trust as reporting persons.
Do Berkshire Hathaway and Warren Buffett have sole or shared voting power over their Constellation Brands shares?
For key reporting entities, the filing shows 0 shares with sole voting power and 13,400,000 shares with shared voting and dispositive power at the group level.
Is Berkshire Hathaway seeking to influence control of Constellation Brands according to this filing?
The certification states that the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing the control of Constellation Brands.
What portion of Constellation Brands (STZ) shares is held by Precision Castparts Corp. Master Trust?
The Schedule 13G/A states that Precision Castparts Corp. Master Trust beneficially owns 400,000 shares of Constellation Brands common stock, representing 0.2% of the class.
What is the reported event date for Berkshire Hathaways Constellation Brands ownership disclosure?
The event date that triggered this Schedule 13G/A filing is listed as 09/30/2025.
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