Ace investor Warren Buffett bought $1.2 million worth of shares in Constellation Brands (STZ), which brews beer for Corona and Modelo Especial. His investment arm Berkshire Hathaway took an entry position in STZ after buying 5.6 million shares, the recent SEC filings show.
Constellation Brands shares closed Friday’s trading bell at the $162 mark. The stock has been on a decline for a year and has fallen close to 35%. In the year-to-date alone, STZ has dipped nearly 27% and is attracting bearish sentiments. Warren Buffett’s investment in the stock indicates that the billionaire is bottom fishing in STZ.
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What Other Stocks Did Warren Buffett Buy?
Apart from buying Constellation Brands stock worth $1.5 billion, he accumulated Occidental Petroleum (OXY) and holds a staggering $13.05 billion. Warren Buffett owns 264.2 million OXY shares and continues being bullish in the oil and gas sector. Talking about the energy sector, the billionaire holds the largest stake in the oil and gas firm Chevron (CVX).
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Berkshire Hathaway holds 207 million shares of Chevron in 2025 taking a stake of 6.74% in the company. He first entered CVX when it was trading at the price range of $66 in Q4 of 2024. Chevron is now trading at the $155 mark making Warren Buffett earn billions in profits in over five years.
The oil and gas sector could experience a massive surge if Trump puts his ‘drill baby drill’ policy to work. Read here to know the top three US stocks that could benefit from the policy. If it goes into policy, the majority of energy stocks could surge and Warren Buffett could earn billions in profits.
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Also, Berkshire Hathaway has 12 million shares of satellite radio provider Sirius XM (SIRI) worth $325 million. Warren Buffett also picked up 1.1 million more shares of Domino’s Pizza (DPZ), worth $470 million.
