ADW Capital Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 15, 2025), ADW Capital Management, LLC reported 7 stock positions worth $366.3 million. Its top holding was Par Technology (PAR) at 49.2% of the portfolio, followed by Api (APG, 14.9%) and GFL Environmental Inc.-Sub VT (GFL, 13.9%). Compared with Q1 2025, it opened 1 new position, added to 1 and reduced 1. The biggest buy was a new position in Olo Class A (OLO) and the biggest sale Rci Hospitality (RICK, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- Miami Beach, FL
- CIK
- 0001745214
- Portfolio Value
- $366.3M (Q2 2025)
- SEC Filing
- 0001420506-25-002200 ↗ filed Aug 15, 2025
Holdings Value
Holdings 7 stocks · $366.3M
| PAR Par Technology Corp. | 49.19% | 2,597,229 | $180.2M | No change |
| APG Api Group Corp. | 14.87% | 1,066,922 | $54.5M | No change |
| GFL GFL Environmental Inc.-Sub VT | 13.91% | 1,010,000 | $51.0M | No change |
| RICK Rci Hospitality Holdings Inc. | 9.16% | 879,782 | $33.5M | Reduce -0.8% |
| TIC Tic Solutions Inc. filed as ACUREN CORP | 7.88% | 2,613,803 | $28.9M | Add +31.1% |
| OLO Olo Inc. Class A | 4.62% | 1,900,000 | $16.9M | New |
| FATAQ Fat Brands Inc. Class A | 0.38% | 587,400 | $1.4M | No change |
Portfolio Sells Q1 2025 → Q2 2025
| RICK Rci Hospitality Holdings Inc. | Reduce -0.8% | 9.16% | −3.20 |
Portfolio Buys Q1 2025 → Q2 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 |