Constellation Brands, Inc. bonds STZ
Who owns Constellation Brands, Inc.'s debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. STZ stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 21036PAQ1 | 3.7% fixed | 2026-12-06 | USD | 99.71 | 4.19% | 54 bp | 7 | $28.4M | Apr 2026 |
| 21036PAS7 | 3.5% fixed | 2027-05-09 | USD | 99.27 | 4.47% | 51 bp | 2 | $4.1M | Jul 2026 |
| 21036PBK3 | 4.35% fixed | 2027-05-09 | USD | 99.93 | 4.44% | 49 bp | 10 | $34.9M | Jul 2026 |
| 21036PAY4 | 3.6% fixed | 2028-02-15 | USD | 98.45 | 4.66% | 51 bp | 9 | $8.2M | Jul 2026 |
| 21036PBC1 | 4.65% fixed | 2028-11-15 | USD | 99.77 | 4.75% | 52 bp | 9 | $12.7M | Jul 2026 |
| 21036PBQ0 | 4.8% fixed | 2029-01-15 | USD | 100.03 | 4.79% | 55 bp | 10 | $13.5M | Jul 2026 |
| 21036PBE7 | 3.15% fixed | 2029-08-01 | USD | 95.23 | 4.88% | 62 bp | 18 | $24.5M | Jul 2026 |
| 21036PBF4 | 2.875% fixed | 2030-05-01 | USD | 92.74 | 5.02% | 74 bp | 10 | $7.2M | Jul 2026 |
| 21036PBS6 | 4.8% fixed | 2030-05-01 | USD | 99.34 | 4.99% | 71 bp | 15 | $35.8M | Jul 2026 |
| 21036PBU1 | 4.85% fixed | 2031-05-06 | USD | 99.06 | 5.07% | 75 bp | 12 | $13.2M | Jul 2026 |
| 21036PBH0 | 2.25% fixed | 2031-08-01 | USD | 87.49 | 5.12% | 79 bp | 15 | $21.2M | Jul 2026 |
| 21036PBL1 | 4.75% fixed | 2032-05-09 | USD | 97.87 | 5.18% | 80 bp | 6 | $6.3M | Jul 2026 |
| 21036PBP2 | 4.9% fixed | 2033-05-01 | USD | 97.42 | 5.36% | 91 bp | 14 | $6.7M | Jul 2026 |
| 21036PBT4 | 4.95% fixed | 2035-11-01 | USD | 95.46 | 5.58% | 102 bp | 14 | $42.2M | Jul 2026 |
| 21036PAT5 | 4.5% fixed | 2047-05-09 | USD | 80.13 | 6.22% | 111 bp | 3 | $1.2M | Jul 2026 |
| 21036PAZ1 | 4.1% fixed | 2048-02-15 | USD | 75.17 | 6.20% | 110 bp | 4 | $1.1M | Jul 2026 |
| 21036PBD9 | 5.25% fixed | 2048-11-15 | USD | 88.58 | 6.20% | 109 bp | 9 | $5.4M | Jul 2026 |
| 21036PBG2 | 3.75% fixed | 2050-05-01 | USD | 70.24 | 6.15% | 104 bp | 3 | $1.8M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 17 | $239.7M | 97.42 | 5.12% | 79 bp | 18 |
| Jun 2026 | 17 | $679.0M | 98.47 | 4.88% | 67 bp | 49 |
| May 2026 | 18 | $665.3M | 98.88 | 4.84% | 68 bp | 26 |
| Apr 2026 | 17 | $329.7M | 98.59 | 4.70% | 78 bp | 19 |
| Mar 2026 | 17 | $678.6M | 98.50 | 4.70% | 87 bp | 47 |
| Feb 2026 | 17 | $576.0M | 99.51 | 4.27% | 60 bp | 27 |
| Jan 2026 | 17 | $376.1M | 99.25 | 4.44% | 66 bp | 24 |
| Dec 2025 | 17 | $708.6M | 99.08 | 4.47% | 76 bp | 50 |
| Nov 2025 | 17 | $592.0M | 99.21 | 4.35% | 71 bp | 26 |
| Oct 2025 | 18 | $430.6M | 98.92 | 4.46% | 82 bp | 23 |
| Sep 2025 | 17 | $708.9M | 99.03 | 4.44% | 81 bp | 50 |
| Aug 2025 | 17 | $608.8M | 98.85 | 4.43% | 66 bp | 32 |
| Jul 2025 | 17 | $360.9M | 98.35 | 4.67% | 74 bp | 24 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 88 added, 76 cut, 21 new holders and 30 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $140.7M | $131.7M | $4.8M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $114.6M | $106.6M | $1.6M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $107.7M | $101.0M | $3.7M |
| JPMorgan Ultra-Short Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $85.2M | $85.2M | $81.8M |
| American Balanced Fund | 2026-06-30 | $61.7M | $61.2M | $52.8M |
| Capital Group Central Corporate Bond Fund Capital Group Central Fund Series II | 2026-05-31 | $52.1M | $49.5M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $50.4M | $48.9M | -$23.3M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $45.6M | $42.7M | $1.1M |
| Bond Fund of America | 2026-06-30 | $38.3M | $36.9M | $6.6M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $31.7M | $30.3M | $0 |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $30.4M | $29.8M | -$218K |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $26.9M | $25.9M | -$2.5M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $25.8M | $25.4M | -$65.5M |
| JPMorgan Managed Income Fund JPMorgan Trust I | 2026-05-31 | $24.8M | $24.8M | $23.2M |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $22.0M | $21.5M | -$6.4M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $21.1M | $20.5M | -$6.0M |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $21.4M | $20.3M | $654K |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $20.4M | $19.0M | -$861K |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $20.1M | $18.9M | $617K |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $22.6M | $18.6M | -$353K |
| Intermediate Bond Fund of America | 2026-05-31 | $18.2M | $17.9M | $2.6M |
| American Funds Strategic Bond Fund | 2026-06-30 | $17.6M | $17.5M | $0 |
| Capital Group Core Bond ETF Capital Group Fixed Income ETF Trust | 2026-06-30 | $17.9M | $16.8M | $3.4M |
| The Bond Fund of America AMERICAN FUNDS INSURANCE SERIES | 2026-06-30 | $16.3M | $16.0M | $0 |
| First Trust Enhanced Short Maturity ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $15.0M | $15.0M | -$19.3M |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): PIMCO Short-Term Floating NAV Portfolio III ($8.2M), PIMCO Short Asset Investment Fund ($7.4M), Invesco BulletShares 2026 Corporate Bond ETF ($7.2M), iShares iBonds Dec 2026 Term Corporate ETF ($6.1M), Total Return Portfolio ($4.4M), Columbia Select Corporate Income Fund ($4.2M), PIMCO Commodity Strategy Active Exchange-Traded Fund ($4.0M), PIMCO Short-Term Floating NAV Portfolio II ($3.2M), Transamerica Aegon Bond VP ($2.2M), Transamerica Aegon Core Bond VP ($1.9M).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 13 | $140.7M | $131.7M | 0.03% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 4 | $107.7M | $101.0M | 0.15% |
| JPST JPMorgan Ultra-Short Income ETF | 2026-05-31 | 2 | $85.2M | $85.2M | 0.22% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 8 | $50.4M | $48.9M | 0.10% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 17 | $45.6M | $42.7M | 0.03% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 8 | $30.4M | $29.8M | 0.04% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 4 | $26.9M | $25.9M | 0.05% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 7 | $22.0M | $21.5M | 0.10% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $21.4M | $20.3M | 0.11% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $20.4M | $19.0M | 0.06% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 17 | $20.1M | $18.9M | 0.11% |
| CGCB Capital Group Core Bond ETF | 2026-06-30 | 1 | $17.9M | $16.8M | 0.30% |
| FTSM First Trust Enhanced Short Maturity ETF | 2026-07-31 | 1 | $15.0M | $15.0M | 0.23% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 4 | $15.7M | $15.0M | 0.13% |
| FSIG First Trust Limited Duration Investment Grade Corporate ETF | 2026-07-31 | 3 | $12.5M | $12.5M | 0.82% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 6.50: safer than 62% of companies (53th percentile in Consumer Defensive). Market-implied, prices to 2026-10-16, balance sheet 2026-08-31.
| Equity value | $22.22B |
| Debt barrier (short-term + ½ long-term debt) | $5.77B |
| Equity volatility (1 year) | 30.4% |
| Asset value / asset volatility (solved) | $27.74B / 24.4% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 79 bp spread prices in about 1.3% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Altman Z = 2.77 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in STZ's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 130 | $199.4M | 0 | — | 1 | $317K | 0 |
| 2026-06-30 | 1,023 | $19.62B | 33 | $568.8M | 28 | $536.3M | 0 |
| 2026-03-31 | 1,030 | $17.54B | 31 | $577.0M | 30 | $606.3M | 0 |
| 2025-12-31 | 1,027 | $19.40B | 32 | $903.4M | 36 | $969.5M | 1 |
| 2025-09-30 | 1,033 | $18.63B | 43 | $1.14B | 36 | $924.6M | 0 |
| 2025-06-30 | 1,111 | $23.48B | 37 | $721.5M | 36 | $767.5M | 0 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.