Lionstone Capital Management
NEW YORK, NYfiles as Lionstone Capital Management LLC
$435m in 11 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 4.7% of the portfolio this quarter.
Value
$435m
Stocks
11
Top 10 share
100.0%
Turnover
4.7%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
- QXOQXO10.2% of the fund+10%
- FirstServiceFSV9.5% of the fund+11%
Cut
Sold some of their stake.
None this quarter.
Sold out
Sold their entire stake.
- Lowe's CompaniesLOW-100%
Holdings
- FirstServiceFSV
- Share
- 9.5%
- Value
- $41m
- Shares
- 290,920
+11%
- Liberty BroadbandLBRDK
- Share
- 0.2%
- Value
- $818,362
- Shares
- 24,605
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| APi GroupAPG | 24.1% | $105m | 2,476,270 | Held |
| AlphabetGOOG | 19.0% | $83m | 233,545 | Held |
| Amazon.comAMZN | 15.3% | $67m | 279,740 | Held |
| QXOQXO | 10.2% | $44m | 2,558,740 | +10% |
| FirstServiceFSV | 9.5% | $41m | 290,920 | +11% |
| Ferguson EnterprisesFERG | 8.8% | $38m | 161,048 | Held |
| S&P GlobalSPGI | 7.9% | $34m | 84,000 | Held |
| CopartCPRT | 5.0% | $22m | 776,300 | Held |
| Liberty BroadbandLBRDK | 0.2% | $818,362 | 24,605 | Held |
| Liberty CapitalGLIBK | <0.1% | $146,824 | 6,810 | Held |
| Energy FuelsUUUU | <0.1% | $98,020 | 6,760 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 4.5% since 30 June 2025.
Where the money is
Industrials48.1%
Media & telecom19.2%
Retail & consumer15.3%
Real estate9.5%
Financial services7.9%
Materials0.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.