ADW Capital Management, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), ADW Capital Management, LLC reported 5 stock positions worth $453.4 million. Its top holding was Api (APG) at 51.5% of the portfolio, followed by Par Technology (PAR, 23.0%) and GFL Environmental Inc.-Sub VT (GFL, 12.6%). Compared with Q4 2023, it added to 1. The biggest buy was Par Technology (PAR, shares +39%).

Most Recent 13F
Q2 2026
Location
Miami Beach, FL
CIK
0001745214
Portfolio Value
$453.4M (Q1 2024)
SEC Filing
0001420506-24-000970 ↗ filed May 15, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $453.4M $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 Q2 2026

Holdings 5 stocks · $453.4M
APG Api Group Corp. 51.53% 5,950,000 $233.7M No change
PAR Par Technology Corp. 22.98% 2,296,944 $104.2M Add +39.2%
GFL GFL Environmental Inc.-Sub VT 12.55% 1,650,000 $56.9M No change
RICK Rci Hospitality Holdings Inc. 11.95% 934,592 $54.2M No change
FATAQ Fat Brands Inc. Class A 0.98% 587,400 $4.5M No change

Options reported separately and not counted above: PAR calls ($47.6M).

Portfolio Sells Q4 2023 → Q1 2024
None this quarter.

Portfolio Buys Q4 2023 → Q1 2024
PAR Par Technology Corp. Add +39.2% 22.98% +5.02

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