Lionstone Capital Management LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Lionstone Capital Management LLC reported 12 stock positions worth $413.0 million. Its top holding was Api (APG) at 24.3% of the portfolio, followed by Alphabet Class C (GOOG, 16.2%) and Amazon.com (AMZN, 14.1%). Compared with Q4 2025, it added to 1. The biggest buy was Firstservice (FSV, shares +7%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001575662
- Portfolio Value
- $413.0M (Q1 2026)
- SEC Filing
- 0001193125-26-225586 ↗ filed May 15, 2026
Holdings Value
Holdings 12 stocks · $413.0M
| APG Api Group Corp. | 24.29% | 2,476,270 | $100.3M | No change |
| GOOG Alphabet Inc. Class C | 16.22% | 233,545 | $67.0M | No change |
| AMZN Amazon.com Inc. | 14.11% | 279,740 | $58.3M | No change |
| QXO Qxo Inc. | 10.97% | 2,332,662 | $45.3M | No change |
| FERG Ferguson Enterprises Inc. | 9.10% | 161,048 | $37.6M | No change |
| FSV Firstservice Corp. | 8.81% | 261,955 | $36.4M | Add +6.6% |
| SPGI S&P Global Inc. | 8.65% | 84,000 | $35.7M | No change |
| CPRT Copart Inc. | 6.24% | 776,300 | $25.8M | No change |
| LOW Lowe's Cos Inc. | 1.22% | 21,330 | $5.0M | No change |
| LBRDK Liberty Broadband-C | 0.30% | 24,605 | $1.2M | No change |
| GLIBK Liberty Capital Corp. Class C filed as GCI LIBERTY INC | 0.06% | 6,810 | $253K | No change |
| UUUU Energy Fuels Inc. | 0.03% | 6,760 | $123K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| None this quarter. | |||
Portfolio Buys Q4 2025 → Q1 2026
| FSV Firstservice Corp. | Add +6.6% | 8.81% | −0.02 |
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 |