# ADW Capital Management, LLC: Form 13F holdings

An institutional investment manager in Miami Beach, FL. SEC CIK 1745214.

- Quarter ended: 2026-06-30
- Filed: 2026-08-14
- Reported value: $466.9m
- Positions: 11 (11 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1745214/000142050626001724/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [COMPASS DIVERSIFIED (CODI)](/companies/codi.md) | SH BEN INT | $114.6m | 24.5% | 10,750,000 | Call | Added +9,000,000 |
| [DRIVEN BRANDS HLDGS INC (DRVN)](/companies/drvn.md) | COM | $69.7m | 14.9% | 5,000,000 |  | Added +1,000,000 |
| [API GROUP CORP (APG)](/companies/apg.md) | COM STK | $62.8m | 13.4% | 1,482,110 |  | Unchanged |
| [DRIVEN BRANDS HLDGS INC (DRVN)](/companies/drvn.md) | COM | $40.4m | 8.7% | 2,900,000 | Call | New +2,900,000 |
| [COMPASS DIVERSIFIED (CODI)](/companies/codi.md) | SH BEN INT | $40.0m | 8.6% | 3,750,000 |  | Unchanged |
| [STAGWELL INC (STGW)](/companies/stgw.md) | COM CL A | $38.0m | 8.1% | 5,112,000 | Call | Added +4,112,000 |
| [GFL ENVIRONMENTAL INC (GFL)](/companies/gfl.md) | SUB VTG SHS | $37.2m | 8.0% | 1,010,000 |  | Unchanged |
| [STAGWELL INC (STGW)](/companies/stgw.md) | COM CL A | $37.2m | 8.0% | 5,001,000 |  | Added +1,000 |
| [TIC SOLUTIONS INC (TIC)](/companies/tic.md) | COM | $16.2m | 3.5% | 2,000,000 |  | Added +896,200 |
| [PAR TECHNOLOGY CORP (PAR)](/companies/par.md) | COM | $10.6m | 2.3% | 609,429 |  | Added +12,200 |
| [KELLY SVCS INC (KELYA)](/companies/kelya.md) | CL A | $368.4k | <0.1% | 30,000 |  | Unchanged |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [PAR TECHNOLOGY CORP (PAR)](/companies/par.md) | COM | $0 | 0.0% | 0 | Put | Sold out −615,600 |

Source: SEC EDGAR, Form 13F-HR, accession 0001420506-26-001724. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.