Lionstone Capital Management LLC 13F: Quarter-over-Quarter Portfolio Changes
Lionstone Capital Management LLC reported a disclosed portfolio value of approximately $435.0 million in its latest SEC Form 13F-HR filing for Q2 2026, up 5.3% quarter on quarter. Over the quarter, the fund bought more shares in 2 holdings and exited 1 position.
Lionstone Capital Management LLC's top buy was Firstservice CORP New (FSV) . The fund bought 11.1% more shares, lifting the position's portfolio weight by 0.7 percentage points. Its top sell was Lowes Cos INC (LOW) . The fund exited the position completely after it had accounted for 1.2% of the previous portfolio.
Top BuysQ2 2026
The fund's top buys among existing positions in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| FIRSTSERVICE CORP NEW | FSV | +0.7% | +11.1% | History → |
| QXO INC | QXO | +-0.8% | +9.7% | History → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| LOWES COS INC | LOW | 1.2% |
Net Portfolio Value ChangeQ2 2026
- $0.4BPrior quarter
- $0.4BCurrent quarter
- +$0.0BNet delta
- +5.3%% change
Methodology & FAQ
How Lionstone Capital Management LLC Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Lionstone Capital Management LLC: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did Lionstone Capital Management LLC buy in Q2 2026?
In Q2 2026, Lionstone Capital Management LLC bought more shares of FIRSTSERVICE CORP NEW (FSV), QXO INC (QXO).
What stocks did Lionstone Capital Management LLC sell in Q2 2026?
In Q2 2026, Lionstone Capital Management LLC fully sold 1 position (LOWES COS INC (LOW)).
Which positions did Lionstone Capital Management LLC initiate in Q2 2026?
Lionstone Capital Management LLC established no new positions in Q2 2026.
Which existing positions saw the largest allocation increases for Lionstone Capital Management LLC in Q2 2026?
Of 2 existing positions with share-count increases in Q2 2026, the largest were: FIRSTSERVICE CORP NEW (FSV, +0.7% weight, +11.1% shares), QXO INC (QXO, +-0.8% weight, +9.7% shares).
Which positions did Lionstone Capital Management LLC fully exit in Q2 2026?
Lionstone Capital Management LLC fully exited 1 position in Q2 2026: LOWES COS INC (LOW, last-reported weight 1.2%).
Which existing positions saw the largest allocation reductions for Lionstone Capital Management LLC in Q2 2026?
Lionstone Capital Management LLC reported no material allocation reductions in existing positions in Q2 2026.
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.