Alcohol producer Constellation Brands secured a nod from the the Oracle of Omaha. A recent SEC filing disclosed Warren Buffett's Berkshire Hathaway (BRK-B) holds a 5.6 million share stake in Constellation Brands (STZ) as of the end of 2024.

Berkshire entered a new holding in Constellation Brands during the fourth quarter of 2024. Buffett's firm also trimmed its position in Bank of America.

Did Warren Buffett snub Bank of America? The Berkshire Hathaway CEO extolled several of the company’s largest equity holdings in his annual shareholder letter released Saturday and omitted a mention of Bank of America,

Constellation Brands (NYSE: STZ) seems like a classic Warren Buffett buy. It has well-known brands with staying power and solid long-term demand, and the recent panic selling of the stock is a great time for some opportunistic buying.

Berkshire Hathaway has been building up its cash position to its highest-ever levels over the past two years, and that sends some clear messages about what Buffett's thinking about the market. Combined with his net sales of stocks, he seems to think there aren't so many great deals to be had in the market.