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.

Warren Buffett just invested $1.24 billion in Constellation Brands (STZ) by buying 5.62 million shares in late 2024, making his Berkshire Hathaway (BRK.B) the sixth-largest holder of Constellation stock.

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.