ADW Capital Management, LLC Hedge Fund

Location: Miami Beach, FL

CIK: 0001745214 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 15, 2026

Total Value: $257M (100.0% shares, 0.0% debt)

Holdings (11)

New Positions (7)

DRVN DRIVEN BRANDS HLDGS INC 19.6%

Value $50.44M Shares 4,000,000 Est. Cost $15.81 Unrealized 0.0%

STGW STAGWELL INC 12.2%

Value $31.45M Shares 5,000,000 Est. Cost $5.44 Unrealized 0.0%

CODI COMPASS DIVERSIFIED 11.5%

Value $29.48M Shares 3,750,000 Est. Cost $6.26 Unrealized 0.0%

CODI COMPASS DIVERSIFIED 5.3%

Value $13.76M Shares 1,750,000 Est. Cost $6.26 Unrealized 0.0%

PAR PAR TECHNOLOGY CORP 3.2%

Value $8.206M Shares 615,600 Est. Cost $41.20 Unrealized -31.3%

STGW STAGWELL INC 2.4%

Value $6.29M Shares 1,000,000 Est. Cost $5.44 Unrealized 0.0%

KELYA KELLY SVCS INC 0.1%

Value $266K Shares 30,000 Est. Cost $9.92 Unrealized 0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
DRVN	DRIVEN BRANDS HLDGS INC	4,000,000	$50.44M	19.6%	$15.81	0.0%	COM	26210V102
STGW	STAGWELL INC	5,000,000	$31.45M	12.2%	$5.44	0.0%	COM CL A	85256A109
CODI	COMPASS DIVERSIFIED	3,750,000	$29.48M	11.5%	$6.26	0.0%	SH BEN INT	20451Q104
CODI	COMPASS DIVERSIFIED	1,750,000	$13.76M	5.3%	$6.26	0.0%	CALL	20451Q104
PAR	PAR TECHNOLOGY CORP	615,600	$8.206M	3.2%	$41.20	-31.3%	PUT	698884103
STGW	STAGWELL INC	1,000,000	$6.29M	2.4%	$5.44	0.0%	CALL	85256A109
KELYA	KELLY SVCS INC	30,000	$266K	0.1%	$9.92	0.0%	CL A	488152208

Exited Positions (1)

SCHL SCHOLASTIC CORP 0.4%

Value $1.007M Shares 34,000 Est. Cost $28.45 Unrealized +18.2%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SCHL	SCHOLASTIC CORP	34,000	$1.007M	0.4%	$28.45	+18.2%	—	807066105

Unchanged Positions (4)

PAR PAR TECHNOLOGY CORP 3.1%

Value $7.961M Shares 597,229 Est. Cost $41.20 Unrealized -31.3%

TIC TIC SOLUTIONS INC 2.8%

Value $7.263M Shares 1,103,800 Est. Cost $11.64 Unrealized -12.0%

APG API GROUP CORP 23.3%

Value $60.06M Shares 1,482,110 Est. Cost $19.16 Unrealized +123.5%

GFL GFL ENVIRONMENTAL INC 16.4%

Value $42.14M Shares 1,010,000 Est. Cost $25.77 Unrealized +66.5%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PAR	PAR TECHNOLOGY CORP	597,229	$7.961M	3.1%	$41.20	-31.3%	COM	698884103
TIC	TIC SOLUTIONS INC	1,103,800	$7.263M	2.8%	$11.64	-12.0%	COM	00510N102
APG	API GROUP CORP	1,482,110	$60.06M	23.3%	$19.16	+123.5%	COM STK	00187Y100
GFL	GFL ENVIRONMENTAL INC	1,010,000	$42.14M	16.4%	$25.77	+66.5%	SUB VTG SHS	36168Q104