Q2 2026 13F · SEC CIK 1575662
Lionstone Capital Management LLC
Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $435.0M
- Reported positions
- 11
- Top holdings a year, 3 yrs
- +14.4%
- Assets under management
- $569.7M
Lionstone Capital Management LLC is a hedge fund that reported 11 positions worth $435.0M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Api Group Corp (APG, 24.1%), Alphabet Inc (GOOG, 19.0%), Amazon Com Inc Com (AMZN, 15.3%). A portfolio copying its top holdings returned 14.4% a year over the last 3 years, against 20.4% for the S&P 500.
Lionstone Capital Management LLC holdings all 11 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| APGApi Group Corp | 24.1% | +0.0% | $104.9M |
| GOOGAlphabet Inc | 19.0% | +0.0% | $82.5M |
| AMZNAmazon Com Inc Com | 15.3% | +0.0% | $66.7M |
| QXOQxo Inc | 10.2% | +9.7% | $44.2M |
| FSVFirstservice Corp New Sub Vtg | 9.5% | +11.1% | $41.3M |
| FERGFerguson Enterprises Inc | 8.8% | +0.0% | $38.2M |
| SPGIS&P Global Inc. | 7.9% | +0.0% | $34.2M |
| CPRTCopart Inc | 5.0% | +0.0% | $21.9M |
| LBRDKLiberty Broadband Corp | 0.2% | +0.0% | $818K |
| GLBKVLiberty Cap Corp | 0.0% | +0.0% | $147K |
| UUUUEnergy Fuels Inc | 0.0% | +0.0% | $98K |
What Lionstone Capital Management LLC bought and sold in Q2 2026, against Q1 2026.
New positions
No new positions among the largest holdings.
Added to
- FSV Firstservice Corp New Sub Vtg+11.1% shares
- QXO Qxo Inc+9.7% shares
Reduced
No position shrank by more than 5%.
Sold out
- LOW Lowes Cos Incwas 1.2%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +5.8% /yr
- S&P 500 +20.1%
- 3 years
- +14.4% /yr
- S&P 500 +20.4%
- 5 years
- +7.5% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $435.0M | 11 |
| Q1 2026 | $413.0M | 12 |
| Q4 2025 | $432.6M | 12 |
| Q3 2025 | $427.9M | 12 |
| Q2 2025 | $416.4M | 11 |
| Q1 2025 | $361.6M | 11 |
| Q4 2024 | $390.7M | 11 |
| Q3 2024 | $371.2M | 11 |
| Q2 2024 | $391.6M | 12 |
| Q1 2024 | $394.6M | 12 |
| Q4 2023 | $362.8M | 12 |
| Q3 2023 | $320.6M | 12 |
Questions about Lionstone Capital Management LLC's portfolio
What stocks does Lionstone Capital Management LLC own?
Lionstone Capital Management LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 11 positions worth $435.0M. The largest are Api Group Corp (APG) at 24.1%, Alphabet Inc (GOOG) at 19.0%, Amazon Com Inc Com (AMZN) at 15.3%, Qxo Inc (QXO) at 10.2% and Firstservice Corp New Sub Vtg (FSV) at 9.5%.
What did Lionstone Capital Management LLC buy last quarter?
In Q2 2026, Lionstone Capital Management LLC added Firstservice Corp New Sub Vtg (FSV) (+11.1% shares) and Qxo Inc (QXO) (+9.7% shares), compared with its Q1 2026 filing.
What did Lionstone Capital Management LLC sell last quarter?
In Q2 2026, Lionstone Capital Management LLC sold all of Lowes Cos Inc (LOW), compared with its Q1 2026 filing.
How has Lionstone Capital Management LLC's portfolio performed?
A portfolio copying Lionstone Capital Management LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +14.4% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +5.8% against +20.1%. Over 5 years: +7.5% a year against +11.6%.
When is Lionstone Capital Management LLC's next 13F filing due?
13F filings are due 45 days after each quarter ends. Lionstone Capital Management LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Lionstone Capital Management LLC manage?
Lionstone Capital Management LLC reported $569.7M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $435.0M.