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ADW Capital Management, LLC

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13F filer, CIK 1745214, Miami Beach, FL

ADW Capital Management, LLC reported $257,297,812 across 11 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-15. Its ten largest share positions make up 100% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001420506-26-001017

Period
2026-03-31
Reported value
$257M
Holdings
11
Top 10 weight
100%
New
7
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
DRVNnew+4,000,000$50.4M
STGWnew+5,000,000$31.4M
CODInew+3,750,000$29.5M
KELYAnew+30,000$266K
TICadded+3,800$25K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
SCHLexited-34,000-$1.01M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2026

Share positions as resolved from 13F-HR 0001420506-26-001017, largest first. % of portfolio is the value over $229,046,864, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
APGAPI GROUP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 2,062,905 shares; 2024Q4: 1,066,922 shares; 2025Q1: 1,066,922 shares; 2025Q2: 1,066,922 shares; 2025Q3: 1,000,000 shares; 2025Q4: 1,482,110 shares; 2026Q1: 1,482,110 shares 1,482,110$60.1M26.22%0Timeline
DRVNDRIVEN BRANDS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 4,000,000 shares 4,000,000$50.4M22.02%newTimeline
GFLGFL ENVIRONMENTAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 990,000 shares; 2024Q4: 990,000 shares; 2025Q1: 1,010,000 shares; 2025Q2: 1,010,000 shares; 2025Q3: 1,010,000 shares; 2025Q4: 1,010,000 shares; 2026Q1: 1,010,000 shares 1,010,000$42.1M18.4%0Timeline
STGWSTAGWELL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 5,000,000 shares 5,000,000$31.4M13.73%newTimeline
CODICOMPASS DIVERSIFIEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 3,750,000 shares 3,750,000$29.5M12.87%newTimeline
PARPAR TECHNOLOGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 2,152,000 shares; 2024Q4: 2,597,229 shares; 2025Q1: 2,597,229 shares; 2025Q2: 2,597,229 shares; 2025Q3: 597,229 shares; 2025Q4: 597,229 shares; 2026Q1: 597,229 shares 597,229$7.96M3.48%0Timeline
TICTIC SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,994,518 shares; 2025Q2: 2,613,803 shares; 2025Q3: 1,100,000 shares; 2025Q4: 1,100,000 shares; 2026Q1: 1,103,800 shares 1,103,800$7.26M3.17%+3,800Timeline
KELYAKELLY SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 30,000 shares 30,000$266K0.12%newTimeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
CODICOMPASS DIVERSIFIED COMMON STOCKcall1,750,000$13.8Mnew
PARPAR TECHNOLOGY CORP COMput615,600$8.21Mnew
STGWSTAGWELL INC COM CL Acall1,000,000$6.29Mnew

Sold out in Q1 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
SCHLSCHOLASTIC CORP34,000$1.01Mshares

How Q1 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001420506-26-001017 base2026-05-15acceptance time not in the bulk data set