Q4 2025 · 13F-HR
ADW Capital Management, LLCholdings as filed
Filed 2026-02-17 · accession 0001420506-26-000516
$133.9M
Reported value
5
Positions
2025-12-31
Period end
The Brief · ADW Capital Management, LLC · Q4 2025
AI · grounded in 13F
ADW Capital Management, LLC closed its position in NCR VOYIX CORPORATION VYX, reducing exposure by $28.2M. The fund also exited positions in RCI HOSPITALITY HLDGS INC RICK for $25M and FAT BRANDS INC FATAQ for $1.1M. To offset these exits, the manager established a new position in SCHOLASTIC CORP SCHL worth $1M and increased its stake in API GROUP CORP APG by 48.2%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 00187Y100 | APG | API GROUP CORP | $56.7M | 42.4% | 1,482,110 | Common | SOLE |
| 36168Q104 | GFL | GFL ENVIRONMENTAL INC | $43.4M | 32.4% | 1,010,000 | Common | SOLE |
| 698884103 | PAR | PAR TECHNOLOGY CORP | $21.7M | 16.2% | 597,229 | Common | SOLE |
| 00510N102 | TIC | TIC SOLUTIONS INC | $11.1M | 8.31% | 1,100,000 | Common | SOLE |
| 807066105 | SCHL | SCHOLASTIC CORP | $1.0M | 0.75% | 34,000 | 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.