Q2 2025 · 13F-HR
ADW Capital Management, LLCholdings as filed
Filed 2025-08-15 · accession 0001420506-25-002200
$366.3M
Reported value
7
Positions
2025-06-30
Period end
The Brief · ADW Capital Management, LLC · Q2 2025
AI · grounded in 13F
ADW Capital Management, LLC established a new position in PAR valued at $180.2M. The fund also initiated new stakes in APG for $54.5M and GFL for $51M. Additional new positions include RICK, TIC, and OLOGBX.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 698884103 | PAR | PAR TECHNOLOGY CORP | $180.2M | 49.2% | 2,597,229 | Common | SOLE |
| 00187Y100 | APG | API GROUP CORP | $54.5M | 14.9% | 1,066,922 | Common | SOLE |
| 36168Q104 | GFL | GFL ENVIRONMENTAL INC | $51.0M | 13.9% | 1,010,000 | Common | SOLE |
| 74934Q108 | RICK | RCI HOSPITALITY HLDGS INC | $33.5M | 9.16% | 879,782 | Common | SOLE |
| 00510N102 | TIC | ACUREN CORP | $28.9M | 7.88% | 2,613,803 | Common | SOLE |
| 68134L109 | OLOGBX | OLO INC | $16.9M | 4.62% | 1,900,000 | Common | SOLE |
| 30258N105 | FATAQ | FAT BRANDS INC | $1.4M | 0.38% | 587,400 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.