Lionstone Capital Management LLC: FIRSTSERVICE CORP NEW (FSV): Quarterly 13F Position History
As of Q1 2026, Lionstone Capital Management LLC reported 261,955 shares of FIRSTSERVICE CORP NEW (FSV), worth $36.4M and representing 8.8% of its 13F equity book. Quarter-over-quarter share count change: + 16,235 (+6.6%) . The position first appeared in Q2 2019 and has been disclosed across 28 13F-HR filings in Pactolio's tracked window.
- 261,955Shares Held (Latest Filing)
- $36.4MReported Market Value (Latest Filing)
- 8.8%Portfolio Weight (% of 13F Equity Book)
- +16,235Quarter-over-Quarter Share Change
- -$1.8MQuarter-over-Quarter Value Change
- 261,955Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 28 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 261,955 | +16,235 | +6.6% | $36.4M | 8.8% | $138.9 |
| Q4 2025 | 245,720 | +29,520 | +13.7% | $38.2M | 8.8% | $155.5 |
| Q3 2025 | 216,200 | 0 | — | $41.2M | 9.6% | $190.5 |
| Q2 2025 | 216,200 | 0 | — | $37.8M | 9.1% | $174.6 |
| Q1 2025 | 216,200 | 0 | — | $35.9M | 9.9% | $165.9 |
| Q4 2024 | 216,200 | 0 | — | $39.1M | 10.0% | $181.0 |
| Q3 2024 | 216,200 | 0 | — | $39.4M | 10.6% | $182.5 |
| Q2 2024 | 216,200 | 0 | — | $32.9M | 8.4% | $152.4 |
| Q1 2024 | 216,200 | 0 | — | $35.8M | 9.1% | $165.8 |
| Q4 2023 | 216,200 | 0 | — | $35.0M | 9.7% | $162.1 |
| Q3 2023 | 216,200 | 0 | — | $31.5M | 9.8% | $145.5 |
| Q2 2023 | 216,200 | 0 | — | $33.3M | 9.8% | $154.1 |
| Q1 2023 | 216,200 | 0 | — | $30.5M | 10.4% | $141.0 |
| Q4 2022 | 216,200 | +38,929 | +22.0% | $26.5M | 9.5% | $122.5 |
| Q3 2022 | 177,271 | 0 | — | $21.1M | 8.8% | $119.0 |
| Q2 2022 | 177,271 | +14,265 | +8.8% | $21.5M | 7.7% | $121.2 |
| Q1 2022 | 163,006 | 0 | — | $23.6M | 7.0% | $144.9 |
| Q4 2021 | 163,006 | 0 | — | $32.0M | 7.8% | $196.5 |
| Q3 2021 | 163,006 | 11,000 | -6.3% | $29.4M | 7.7% | $180.5 |
| Q2 2021 | 174,006 | 0 | — | $29.8M | 7.3% | $171.5 |
| Q1 2021 | 174,006 | 0 | — | $25.8M | 6.6% | $148.5 |
| Q4 2020 | 174,006 | 22,375 | -11.4% | $23.8M | 7.0% | $136.9 |
| Q3 2020 | 196,381 | 0 | — | $25.9M | 9.5% | $132.0 |
| Q2 2020 | 196,381 | 0 | — | $19.8M | 8.4% | $100.7 |
| Q1 2020 | 196,381 | +39,363 | +25.1% | $15.1M | 9.8% | $77.1 |
| Q4 2019 | 157,018 | 0 | — | $14.6M | 7.0% | $93.1 |
| Q3 2019 | 157,018 | 25,000 | -13.7% | $16.1M | 7.5% | $102.5 |
| Q2 2019 | 182,018 | — | — | $17.5M | 7.8% | $96.2 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Lionstone Capital Management LLC first disclose a FSV position in 13F-HR filings?
Lionstone Capital Management LLC first reported FIRSTSERVICE CORP NEW (FSV) on its 13F-HR filing for the period ending 2019-06-30 (Q2 2019). The position has appeared on 28 reported quarters within Pactolio's tracked window.
What was Lionstone Capital Management LLC's most recent quarter-over-quarter share-count change in FSV?
Between Q4 2025 and Q1 2026, Lionstone Capital Management LLC added 16,235 shares of FSV (+6.6%), bringing the total reported position to 261,955 shares at a market value of $36.4M.
Does the implied price-per-share represent Lionstone Capital Management LLC's cost basis in FSV?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.