Lionstone Capital Management LLC

Q4 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
12
Total value ($000)
$432,647
Net value change ($000)
+4,764 (1.1%)
New positions
0
Sold out positions
0
Turnover %
0.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
GOOGL 9,690 15.2%
APG 4,804 5.3%
QXO 4,567 11.3%
SPGI 3,014 7.4%
GLIBA 70 38.3%
Top Reduces (Value $000, Stocks/ETFs)
LOW -5,273 -50.6%
CPRT -4,518 -12.9%
AMZN -3,936 -5.7%
FSV -2,967 -7.2%
LBRDA -367 -23.5%
FERG -314 -0.9%
UUUU -6 -5.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type