Lionstone Capital Management LLC 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Lionstone Capital Management LLC disclosed 12 US equity positions worth $432.6m in its Q4 2025 13F filing. The largest position was APG at 21.9% of the reported book, followed by GOOG and AMZN. Against the Q3 2025 filing, it opened 0 new positions, added to 3 and reduced 4 among the top 12 holdings.
What did Lionstone Capital Management LLC own in Q4 2025? Top 12 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | APG API GROUP CORP | Industrials | 21.9% | $94.7m | 2,476,270 | -5% | reduced |
| 2 | GOOG ALPHABET INC | Communication Services | 16.9% | $73.3m | 233,545 | -11% | reduced |
| 3 | AMZN AMAZON COM INC | Consumer Cyclical | 14.9% | $64.6m | 279,740 | -10% | reduced |
| 4 | QXO QXO INC | Industrials | 10.4% | $45.0m | 2,332,662 | 10% | added |
| 5 | SPGI S&P GLOBAL INC | Financial Services | 10.1% | $43.9m | 84,000 | 0% | held |
| 6 | FSV FIRSTSERVICE CORP NEW | Real Estate | 8.8% | $38.2m | 245,720 | 14% | added |
| 7 | FERG FERGUSON ENTERPRISES INC | Industrials | 8.3% | $35.9m | 161,048 | 0% | held |
| 8 | CPRT COPART INC | Industrials | 7.0% | $30.4m | 776,300 | 0% | held |
| 9 | LOW LOWES COS INC | Consumer Cyclical | 1.2% | $5.1m | 21,330 | -49% | reduced |
| 10 | 8L8C LIBERTY BROADBAND CORP | 0.3% | $1.2m | 24,605 | 0% | held | |
| 11 | GLIBK GCI LIBERTY INC | Communication Services | 0.1% | $253.4k | 6,810 | 38% | added |
| 12 | UUUU ENERGY FUELS INC | Energy | 0.0% | $98.3k | 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.