CIK: 0001745214
Total reported value
$257.3M
Reporting period: 2026-03-31 · Number of holdings: 11
ADW Capital Management, LLC disclosed 11 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $257.3M and a quarterly turnover rate of 75.0%.
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ADW Capital Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.174 — mathematically equivalent to about 6 equally-sized positions, well below its 11 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.67), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 23% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim APG
0.0% $3.3M
Trim GFL
0.0% -$1.2M
Trim PAR
+103.1% -$5.5M
Trim TIC
+0.3% -$3.9M
New buy DRVN
New buy CODI
Showing top 8 holdings (of 11 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | APG | Api Group CORP | Stock-Industrials | 23.34% | -19.02% | — | |
| 2 | DRVN | Driven Brands Holdings INC | Stock-Other | 19.60% | +19.60% | NEW | |
| 3 | CODI | Compass Diversified Holdings | Stock-Other | 16.80% | +16.80% | NEW | |
| 4 | GFL | Gfl Environmental Inc-sub Vt | Stock-Other | 16.38% | -16.02% | — | |
| 5 | STGW | Stagwell INC | Stock-Other | 14.67% | +14.67% | NEW | |
| 6 | PAR | Par Technology Corp/del | Stock-Other | 6.28% | -9.90% | +103.08% | |
| 7 | TIC | Tic Solutions INC | Stock-Other | 2.82% | -5.49% | +0.35% | |
| 8 | KELYA | Kelly Services INC -a | Stock-Other | 0.10% | +0.10% | NEW |
Performance for Q3 2026
-11.1%
Performance Last 4 Quarters
-11.9%
Based on 79% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 11 | $257.3M | 75 | |
| 2025-12-31 | 5 | $133.9M | 57 | |
| 2025-09-30 | 7 | $174.9M | 70 | |
| 2025-06-30 | 7 | $366.3M | 0 | |
| 2025-03-31 | 6 | $308.2M | 100 | |
| 2024-12-31 | 5 | $325.4M | 0 | |
| 2024-09-30 | 6 | $317.3M | 0 | |
| 2024-06-30 | 6 | $463.7M | 0 | |
| 2024-03-31 | 6 | $501.1M | 0 | |
| 2023-12-31 | 6 | $445.9M | 0 | |
| 2023-09-30 | 7 | $371.7M | 0 | |
| 2023-06-30 | 8 | $392.0M | 0 | |
| 2023-03-31 | 7 | $340.1M | 0 | |
| 2022-12-31 | 8 | $269.7M | 0 | |
| 2022-09-30 | 8 | $211.9M | 0 | |
| 2022-06-30 | 8 | $211.9M | 0 | |
| 2022-03-31 | 7 | $257.6M | 0 | |
| 2021-12-31 | 7 | $327.5M | 0 | |
| 2021-09-30 | 8 | $318.3M | 0 | |
| 2021-06-30 | 6 | $339.6M | 0 | |
| 2021-03-31 | 6 | $313.9M | 95 | |
| 2020-12-31 | 6 | $281.8M | 49 | |
| 2020-09-30 | 4 | $171.7M | 49 | |
| 2020-06-30 | 4 | $104.3M | 100 | |
| 2020-03-31 | 2 | $3.2M | 100 | |
| 2019-12-31 | 3 | $62.5M | 100 | |
| 2019-09-30 | 3 | $92.3M | 51 | |
| 2019-06-30 | 4 | $144.0M | 40 | |
| 2019-03-31 | 4 | $208.0M | 89 | |
| 2018-12-31 | 5 | $215.3M | 0 |
ADW Capital Management, LLC's most significant position changes for 2026-03-31: New buy: Driven Brands Holdings INC (DRVN); New buy: Compass Diversified Holdings (CODI); New buy: Stagwell INC (STGW); Sold out: Scholastic CORP (SCHL); New buy: Kelly Services INC -a (KELYA).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TIC | Tic Solutions INC | -5.5% | +0.35% | Add |
| 2 | PAR | Par Technology Corp/del | -9.9% | +103.08% | Add |
| 3 | GFL | Gfl Environmental Inc-sub Vt | -16% | — | Unchanged |
| 4 | APG | Api Group CORP | -19% | — | Unchanged |
| 5 | DRVN | Driven Brands Holdings INC | — | NEW | New buy |
| 6 | CODI | Compass Diversified Holdings | — | NEW | New buy |
| 7 | STGW | Stagwell INC | — | NEW | New buy |
| 8 | SCHL | Scholastic CORP | — | EXIT | Sold out |
| 9 | KELYA | Kelly Services INC -a | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-15 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-14 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-15 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-14 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-15 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-14 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-12 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-12 | Amendment | View on EDGAR |
| 2022-03-31 | 2022-05-13 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-14 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-12 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-16 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-08-16 | Amendment | View on EDGAR |
| 2021-03-31 | 2021-05-14 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-16 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-16 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-14 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-15 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-14 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-14 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-04-23 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-14 | 13F-HR | View on EDGAR |
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