Q4 2025 · 13F-HR
Lionstone Capital Management LLCholdings as filed
Filed 2026-02-17 · accession 0001193125-26-053107
$432.6M
Reported value
12
Positions
2025-12-31
Period end
The Brief · Lionstone Capital Management LLC · Q4 2025
AI · grounded in 13F
Lionstone Capital Management LLC reduced its position in LOW by 48.54%. The fund increased its holdings in GLIBK by 38.38% and FSV by 13.65%. Other activity included accumulating shares of QXO by 9.97% while trimming positions in GOOG and AMZN.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 00187Y100 | APG | API GROUP CORP | $94.7M | 21.9% | 2,476,270 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $73.3M | 16.9% | 233,545 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $64.6M | 14.9% | 279,740 | Common | SOLE |
| 82846H405 | QXO | QXO INC | $45.0M | 10.4% | 2,332,662 | Common | SOLE |
| 78409V104 | SPGI | S&P GLOBAL INC | $43.9M | 10.1% | 84,000 | Common | SOLE |
| 33767E202 | FSV | FIRSTSERVICE CORP NEW | $38.2M | 8.83% | 245,720 | Common | SOLE |
| 31488V107 | FERG | FERGUSON ENTERPRISES INC | $35.9M | 8.29% | 161,048 | Common | SOLE |
| 217204106 | CPRT | COPART INC | $30.4M | 7.02% | 776,300 | Common | SOLE |
| 548661107 | LOW | LOWES COS INC | $5.1M | 1.19% | 21,330 | Common | SOLE |
| 530307305 | LBRDK | LIBERTY BROADBAND CORP | $1.2M | 0.28% | 24,605 | Common | SOLE |
| 36164V800 | GLIBK | GCI LIBERTY INC | $253,400 | 0.06% | 6,810 | Common | SOLE |
| 292671708 | UUUU | ENERGY FUELS INC | $98,290 | 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.