Q3 2025 · 13F-HR
ADW Capital Management, LLCholdings as filed
Filed 2025-11-14 · accession 0001420506-25-003325
$174.9M
Reported value
7
Positions
2025-09-30
Period end
The Brief · ADW Capital Management, LLC · Q3 2025
AI · grounded in 13F
ADW Capital Management, LLC established a new position in GFL valued at $47.85M. The fund also initiated new stakes in APG for $34.37M and VYX for $28.24M. Additional new positions include RICK, PAR, and TIC.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 36168Q104 | GFL | GFL ENVIRONMENTAL INC | $47.9M | 27.4% | 1,010,000 | Common | SOLE |
| 00187Y100 | APG | API GROUP CORP | $34.4M | 19.6% | 1,000,000 | Common | SOLE |
| 62886E108 | VYX | NCR VOYIX CORPORATION | $28.2M | 16.1% | 2,250,000 | Common | SOLE |
| 74934Q108 | RICK | RCI HOSPITALITY HLDGS INC | $25.0M | 14.3% | 821,000 | Common | SOLE |
| 698884103 | PAR | PAR TECHNOLOGY CORP | $23.6M | 13.5% | 597,229 | Common | SOLE |
| 00510N102 | TIC | ACUREN CORP | $14.6M | 8.37% | 1,100,000 | Common | SOLE |
| 30258N105 | FATAQ | FAT BRANDS INC | $1.1M | 0.65% | 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.