Lionstone Capital Management LLC

NEW YORK, NY · CIK 1575662 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2012 · limited liability company

As an employer

$435.0m reported value +5.3% vs Q1 2026

11positions

100.0%in top 10

0 new 2 added 0 reduced 1 sold out vs Q1 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	API GROUP CORP COM STK APG	APG	2,476,270	$104.9m24.11%	24.11%	Unchanged
2	ALPHABET INC CAP STK CL C GOOG	GOOG	233,545	$82.5m18.97%	18.97%	Unchanged
3	AMAZON COM INC COM AMZN	AMZN	279,740	$66.7m15.33%	15.33%	Unchanged
4	QXO INC COM NEW QXO	QXO	2,558,740	$44.2m10.16%	10.16%	Added +226.1k	+226,078 9.7%
5	FIRSTSERVICE CORP NEW COM FSV	FSV	290,920	$41.3m9.50%	9.50%	Added +29.0k	+28,965 11.1%
6	FERGUSON ENTERPRISES INC COMMON STOCK NEW FERG	FERG	161,048	$38.2m8.79%	8.79%	Unchanged
7	S&P GLOBAL INC COM SPGI	SPGI	84,000	$34.2m7.86%	7.86%	Unchanged
8	COPART INC COM CPRT	CPRT	776,300	$21.9m5.03%	5.03%	Unchanged
9	LIBERTY BROADBAND CORP COM SER C LBRDK	LBRDK	24,605	$818.4k0.19%	0.19%	Unchanged
10	GCI LIBERTY INC COM SER C GLIBK	GLIBK	6,810	$146.8k0.03%	0.03%	Unchanged
11	ENERGY FUELS INC COM NEW UUUU	UUUU	6,760	$98.0k0.02%	0.02%	Unchanged

Security	Ticker	Shares held before	Value then
LOWES COS INC LOW	LOW	21,330	$5.0m21.3k shares