Lionstone Capital Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Lionstone Capital Management LLC reported 12 stock positions worth $427.9 million. Its top holding was Api (APG) at 21.0% of the portfolio, followed by Amazon.com (AMZN, 16.0%) and Alphabet Class C (GOOG, 14.9%). Its holdings were unchanged from Q2 2025.
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001575662
- Portfolio Value
- $427.9M (Q3 2025)
- SEC Filing
- 0001193125-25-282101 ↗ filed Nov 14, 2025
Holdings Value
Holdings 12 stocks · $427.9M
| APG Api Group Corp. | 21.02% | 2,616,750 | $89.9M | No change |
| AMZN Amazon.com Inc. | 16.01% | 312,000 | $68.5M | No change |
| GOOG Alphabet Inc. Class C | 14.86% | 261,120 | $63.6M | No change |
| FSV Firstservice Corp. | 9.63% | 216,200 | $41.2M | No change |
| SPGI S&P Global Inc. | 9.55% | 84,000 | $40.9M | No change |
| QXO Qxo Inc. | 9.45% | 2,121,212 | $40.4M | No change |
| FERG Ferguson Enterprises Inc. | 8.45% | 161,048 | $36.2M | No change |
| CPRT Copart Inc. | 8.16% | 776,300 | $34.9M | No change |
| LOW Lowe's Cos Inc. | 2.43% | 41,450 | $10.4M | No change |
| LBRDK Liberty Broadband-C | 0.37% | 24,605 | $1.6M | No change |
| GLIBK Liberty Capital Corp. Class C filed as GCI LIBERTY INC | 0.04% | 4,921 | $183K | No change |
| UUUU Energy Fuels Inc. | 0.02% | 6,760 | $104K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| None this quarter. | |||
Portfolio Buys Q2 2025 → Q3 2025
| None this quarter. | |||
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 11 | $435.0M | APG, GOOG, AMZN, QXO, FSV |
| Q1 2026 | 12 | $413.0M | APG, GOOG, AMZN, QXO, FERG |
| Q4 2025 | 12 | $432.6M | APG, GOOG, AMZN, QXO, SPGI |
| Q3 2025 | 12 | $427.9M | APG, AMZN, GOOG, FSV, SPGI |
| Q2 2025 | 11 | $416.4M | APG, AMZN, GOOG, QXO, SPGI |
| Q1 2025 | 11 | $361.6M | APG, AMZN, GOOG, CPRT, SPGI |
| Q4 2024 | 11 | $390.7M | APG, AMZN, GOOG, CPRT, SPGI |
| Q3 2024 | 11 | $371.2M | APG, AMZN, GOOG, SPGI, CPRT |
| Q2 2024 | 12 | $391.6M | APG, AMZN, GOOG, CPRT, SPGI |
| Q1 2024 | 12 | $394.6M | APG, AMZN, GOOG, CPRT, FSV |