Narwhal Capital Management reports 239.47% increase in ownership of CB1A / Constellation Brands, Inc.

Constellation Brands, Inc.

DE ˙ XTRA ˙ US21036P1084

115,50 € ↓ -2,00 (-1,70%)

2026-06-04
DEL PRIS

Security	DE:CB1A / Constellation Brands, Inc.
Institution	Narwhal Capital Management
Latest Disclosed Ownership	19,764 shares
Latest Disclosed Value	$ 2,964,600

On April 23, 2026 - Narwhal Capital Management filed a 13F-HR form disclosing ownership of 19,764 shares of Constellation Brands, Inc. (DE:CB1A) valued at $2,608,848 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 30, 2026 disclosing 5,822 shares of Constellation Brands, Inc.. This represents a change in shares of 239.47% during the quarter. The current value of the position is $2,282,742 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)

File Date	Effective Date	Form	Security	Class	ID	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-04-23	2026-03-31	13F	CONSTELLATION BRANDS	CL A	21036P108	19,764	13,942	239.47	2,965	269.12	0.2187
2026-01-30	2025-12-31	13F	CONSTELLATION BRANDS	CL A	21036P108	5,822	-14,384	-71.19	803	-70.49	0.0584
2025-10-24	2025-09-30	13F	CONSTELLATION BRANDS	CL A	21036P108	20,206	-6,626	-24.69	2,721	-37.66	0.2016
2025-07-23	2025-06-30	13F	CONSTELLATION BRANDS	CL A	21036P108	26,832	-4,212	-13.57	4,365	-23.38	0.3505
2025-04-23	2025-03-31	13F	CONSTELLATION BRANDS	CL A	21036P108	31,044	164	0.53	5,697	-16.52	0.5077
2025-01-22	2024-12-31	13F	CONSTELLATION BRANDS	CL A	21036P108	30,880	-2,729	-8.12	6,825	-21.20	0.6032
2024-10-22	2024-09-30	13F	CONSTELLATION BRANDS	CL A	21036P108	33,609	11,053	49.00	8,661	49.23	0.7792
2024-08-05	2024-06-30	13F	CONSTELLATION BRANDS	CL A	21036P108	22,556	4,115	22.31	5,803	15.81	0.5490
2024-04-26	2024-03-31	13F	CONSTELLATION BRANDS	CL A	21036P108	18,441	7,029	61.59	5,012	81.69	0.4908
2024-01-25	2023-12-31	13F	CONSTELLATION BRANDS	CL A	21036P108	11,412	-2,197	-16.14	2,759	-19.36	0.3015
2023-10-30	2023-09-30	13F	CONSTELLATION BRANDS	CL A	21036P108	13,609	-624	-4.38	3,420	-2.37	0.4174
2023-08-03	2023-06-30	13F	CONSTELLATION BRANDS	CL A	21036P108	14,233	892	6.69	3,503	16.26	0.4118
2023-05-02	2023-03-31	13F	CONSTELLATION BRANDS	CL A	21036P108	13,341	-660	-4.71	3,014	-7.12	0.3770
2023-01-31	2022-12-31	13F	CONSTELLATION BRANDS	CL A	21036P108	14,001	810	6.14	3,245	7.06	0.4316
2022-11-01	2022-09-30	13F	CONSTELLATION BRANDS	CL A	21036P108	13,191	345	2.69	3,030	1.20	0.4388
2022-08-01	2022-06-30	13F	CONSTELLATION BRANDS	CL A	21036P108	12,846	-4,316	-25.15	2,994	-24.26	0.4104
2022-04-26	2022-03-31	13F	CONSTELLATION BRANDS	CL A	21036P108	17,162	-10,667	-38.33	3,953	-43.40	0.4628
2022-01-26	2021-12-31	13F	CONSTELLATION BRANDS	CL A	21036P108	27,829	-4,608	-14.21	6,984	2.19	0.7946
2021-10-22	2021-09-30	13F	CONSTELLATION BRANDS	CL A	21036P108	32,437	6,812	26.58	6,834	14.03	0.8623
2021-07-29	2021-06-30	13F	CONSTELLATION BRANDS	CL A	21036P108	25,625	466	1.85	5,993	4.48	0.7565
2021-04-23	2021-03-31	13F	CONSTELLATION BRANDS	CL A	21036P108	25,159	-363	-1.42	5,736	2.59	0.7758
2021-02-02	2020-12-31	13F	CONSTELLATION BRANDS	CL A	21036P108	25,522	3,561	16.22	5,591	34.33	0.7926
2020-10-26	2020-09-30	13F	CONSTELLATION BRANDS	CL A	21036P108	21,961	2,685	13.93	4,162	23.43	0.6711
2020-07-22	2020-06-30	13F	CONSTELLATION BRANDS	CL A	21036P108	19,276	6,828	54.85	3,372	88.91	0.5841
2020-04-30	2020-03-31	13F	CONSTELLATION BRANDS	CL A	21036P108	12,448	8,359	204.43	1,785	130.03	0.3847
2020-01-31	2019-12-31	13F	CONSTELLATION BRANDS	CL A	21036P108	4,089	1,085	36.12	776	24.56	0.1424
2019-10-31	2019-09-30	13F	CONSTELLATION BRANDS	CL A	21036P108	3,004	3,004		623		0.1253

Legend

Shares: The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value: The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price: The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class: This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred

Allocation (%): The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation: The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%): The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis: The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss: This is the market value of the position as of the effective date minus the cost basis.