ADW Capital Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), ADW Capital Management, LLC reported 6 stock positions worth $308.2 million. Its top holding was Par Technology (PAR) at 51.7% of the portfolio, followed by GFL Environmental Inc.-Sub VT (GFL, 15.8%) and Api (APG, 12.4%). Compared with Q4 2024, it opened 1 new position, added to 1 and reduced 1. The biggest buy was a new position in Tic Solutions (TIC) and the biggest sale Rci Hospitality (RICK, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- Miami Beach, FL
- CIK
- 0001745214
- Portfolio Value
- $308.2M (Q1 2025)
- SEC Filing
- 0001420506-25-001230 ↗ filed May 15, 2025
Holdings Value
Holdings 6 stocks · $308.2M
| PAR Par Technology Corp. | 51.69% | 2,597,229 | $159.3M | No change |
| GFL GFL Environmental Inc.-Sub VT | 15.83% | 1,010,000 | $48.8M | Add +2.0% |
| APG Api Group Corp. | 12.38% | 1,066,922 | $38.2M | No change |
| RICK Rci Hospitality Holdings Inc. | 12.35% | 886,468 | $38.1M | Reduce -0.2% |
| TIC Tic Solutions Inc. filed as ACUREN CORP | 7.20% | 1,994,518 | $22.2M | New |
| FATAQ Fat Brands Inc. Class A | 0.55% | 587,400 | $1.7M | No change |
Portfolio Sells Q4 2024 → Q1 2025
| RICK Rci Hospitality Holdings Inc. | Reduce -0.2% | 12.35% | −3.34 |
Portfolio Buys Q4 2024 → Q1 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 8 | $273.9M | DRVN, APG, CODI, GFL, STGW |
| Q1 2026 | 8 | $229.0M | APG, DRVN, GFL, STGW, CODI |
| Q4 2025 | 5 | $133.9M | APG, GFL, PAR, TIC, SCHL |
| Q3 2025 | 7 | $174.9M | GFL, APG, VYX, RICK, PAR |
| Q2 2025 | 7 | $366.3M | PAR, APG, GFL, RICK, TIC |
| Q1 2025 | 6 | $308.2M | PAR, GFL, APG, RICK, TIC |
| Q4 2024 | 5 | $325.4M | PAR, RICK, GFL, APG, FATAQ |
| Q3 2024 | 5 | $262.6M | PAR, APG, RICK, GFL, FATAQ |
| Q2 2024 | 5 | $414.2M | APG, PAR, RICK, GFL, FATAQ |
| Q1 2024 | 5 | $453.4M | APG, PAR, GFL, RICK, FATAQ |