Q3 2025 · 13F-HR
Lionstone Capital Management LLCholdings as filed
Filed 2025-11-14 · accession 0001193125-25-282101
$427.9M
Reported value
12
Positions
2025-09-30
Period end
The Brief · Lionstone Capital Management LLC · Q3 2025
AI · grounded in 13F
Lionstone Capital Management LLC established a new position in API GROUP CORP APG valued at $89.9M. The fund also initiated new stakes in AMAZON COM INC AMZN for $68.5M and ALPHABET INC GOOG for $63.6M. Additional new positions include FIRSTSERVICE CORP NEW FSV at $41.2M, S&P GLOBAL INC SPGI at $40.9M, and QXO INC QXO at $40.4M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 00187Y100 | APG | API GROUP CORP | $89.9M | 21.0% | 2,616,750 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $68.5M | 16.0% | 312,000 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $63.6M | 14.9% | 261,120 | Common | SOLE |
| 33767E202 | FSV | FIRSTSERVICE CORP NEW | $41.2M | 9.63% | 216,200 | Common | SOLE |
| 78409V104 | SPGI | S&P GLOBAL INC | $40.9M | 9.55% | 84,000 | Common | SOLE |
| 82846H405 | QXO | QXO INC | $40.4M | 9.45% | 2,121,212 | Common | SOLE |
| 31488V107 | FERG | FERGUSON ENTERPRISES INC | $36.2M | 8.45% | 161,048 | Common | SOLE |
| 217204106 | CPRT | COPART INC | $34.9M | 8.16% | 776,300 | Common | SOLE |
| 548661107 | LOW | LOWES COS INC | $10.4M | 2.43% | 41,450 | Common | SOLE |
| 530307305 | LBRDK | LIBERTY BROADBAND CORP | $1.6M | 0.37% | 24,605 | Common | SOLE |
| 36164V800 | GLIBK | GCI LIBERTY INC | $183,406 | 0.04% | 4,921 | Common | SOLE |
| 292671708 | UUUU | ENERGY FUELS INC | $103,766 | 0.02% | 6,760 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.