ADW Capital Management, LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), ADW Capital Management, LLC reported 8 stock positions worth $273.9 million. Its top holding was Driven Brands (DRVN) at 25.4% of the portfolio, followed by Api (APG, 22.9%) and Compass Diversified (CODI, 14.6%). Compared with Q1 2026, it added to 4. The biggest buy was Driven Brands (DRVN, shares +25%).

Most Recent 13F
Q2 2026
Location
Miami Beach, FL
CIK
0001745214
Portfolio Value
$273.9M (Q2 2026)
SEC Filing
0001420506-26-001724 ↗ filed Aug 14, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $453.4M Q1 2024 Q2 2024: $414.2M Q2 2024 Q3 2024: $262.6M Q3 2024 Q4 2024: $325.4M Q4 2024 Q1 2025: $308.2M Q1 2025 Q2 2025: $366.3M Q2 2025 Q3 2025: $174.9M Q3 2025 Q4 2025: $133.9M Q4 2025 Q1 2026: $229.0M Q1 2026 Q2 2026: $273.9M $273.9M Q2 2026

Holdings 8 stocks · $273.9M
DRVN Driven Brands Holdings Inc. 25.45% 5,000,000 $69.7M Add +25.0%
APG Api Group Corp. 22.91% 1,482,110 $62.8M No change
CODI Compass Diversified Holdings 14.59% 3,750,000 $40.0M No change
GFL GFL Environmental Inc.-Sub VT 13.57% 1,010,000 $37.2M No change
STGW Stagwell Inc. 13.56% 5,001,000 $37.2M Add +0.0%
TIC Tic Solutions Inc. 5.91% 2,000,000 $16.2M Add +81.2%
PAR Par Technology Corp. 3.88% 609,429 $10.6M Add +2.0%
KELYA Kelly Services Inc. Class A 0.13% 30,000 $368K No change

Options reported separately and not counted above: CODI calls ($114.6M), DRVN calls ($40.4M), STGW calls ($38.0M).

Portfolio Sells Q1 2026 → Q2 2026
None this quarter.

Portfolio Buys Q1 2026 → Q2 2026
DRVN Driven Brands Holdings Inc. Add +25.0% 25.45% +3.42
TIC Tic Solutions Inc. Add +81.2% 5.91% +2.74
PAR Par Technology Corp. Add +2.0% 3.88% +0.40
STGW Stagwell Inc. Add +0.0% 13.56% −0.17

Options Activity Q1 2026 → Q2 2026
CODI Compass Diversified Holdings call Add +514.3% 10,750,000 $114.6M
DRVN Driven Brands Holdings Inc. call New 2,900,000 $40.4M
STGW Stagwell Inc. call Add +411.2% 5,112,000 $38.0M
PAR Par Technology Corp. put Sold out 615,600 $8.2Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 8$273.9MDRVN, APG, CODI, GFL, STGW
Q1 2026 8$229.0MAPG, DRVN, GFL, STGW, CODI
Q4 2025 5$133.9MAPG, GFL, PAR, TIC, SCHL
Q3 2025 7$174.9MGFL, APG, VYX, RICK, PAR
Q2 2025 7$366.3MPAR, APG, GFL, RICK, TIC
Q1 2025 6$308.2MPAR, GFL, APG, RICK, TIC
Q4 2024 5$325.4MPAR, RICK, GFL, APG, FATAQ
Q3 2024 5$262.6MPAR, APG, RICK, GFL, FATAQ
Q2 2024 5$414.2MAPG, PAR, RICK, GFL, FATAQ
Q1 2024 5$453.4MAPG, PAR, GFL, RICK, FATAQ