Lionstone Capital Management LLC 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Lionstone Capital Management LLC disclosed 12 US equity positions worth $427.9m in its Q3 2025 13F filing. The largest position was APG at 21.0% of the reported book, followed by AMZN and GOOG. Against the Q2 2025 filing, it opened 1 new position, added to 1 and reduced 0 among the top 12 holdings.
What did Lionstone Capital Management LLC own in Q3 2025? Top 12 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | APG API GROUP CORP | Industrials | 21.0% | $89.9m | 2,616,750 | 50% | added |
| 2 | AMZN AMAZON COM INC | Consumer Cyclical | 16.0% | $68.5m | 312,000 | 0% | held |
| 3 | GOOG ALPHABET INC | Communication Services | 14.9% | $63.6m | 261,120 | 0% | held |
| 4 | FSV FIRSTSERVICE CORP NEW | Real Estate | 9.6% | $41.2m | 216,200 | 0% | held |
| 5 | SPGI S&P GLOBAL INC | Financial Services | 9.6% | $40.9m | 84,000 | 0% | held |
| 6 | QXO QXO INC | Industrials | 9.4% | $40.4m | 2,121,212 | 0% | held |
| 7 | FERG FERGUSON ENTERPRISES INC | Industrials | 8.5% | $36.2m | 161,048 | 0% | held |
| 8 | CPRT COPART INC | Industrials | 8.2% | $34.9m | 776,300 | 0% | held |
| 9 | LOW LOWES COS INC | Consumer Cyclical | 2.4% | $10.4m | 41,450 | 0% | held |
| 10 | 8L8C LIBERTY BROADBAND CORP | 0.4% | $1.6m | 24,605 | 0% | held | |
| 11 | GLIBK GCI LIBERTY INC | Communication Services | 0.0% | $183.4k | 4,921 | – | new |
| 12 | UUUU ENERGY FUELS INC | Energy | 0.0% | $103.8k | 6,760 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.