1y return−35.6%S&P 500 +20.9%
3y return−12.2%S&P 500 +68.5%
5y return−23.5%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2018: $205 against $299 in the S&P 500.2
ADW Capital Management, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| DRVNDriven Brands Hldgs Inc | $69.7M | 25.4% | +25.0% |
| APGApi Group Corp | $62.8M | 22.9% | |
| CODICompass Diversified | $40.0M | 14.6% | |
| GFLGfl Environmental Inc | $37.2M | 13.6% | |
| STGWStagwell Inc | $37.2M | 13.6% | |
| TICTic Solutions Inc | $16.2M | 5.9% | +81.2% |
| PARPar Technology Corp | $10.6M | 3.9% | +2.0% |
| KELYAKelly Svcs Inc | $368K | 0.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| APGApi Group Corp | June 30, 2020 | +248.6% | $62.8M |
| GFLGfl Environmental Inc | June 30, 2020 | +96.0% | $37.2M |
| KELYAKelly Svcs Inc | March 31, 2026 | +38.8% | $368K |
| CODICompass Diversified | March 31, 2026 | +35.6% | $40.0M |
| STGWStagwell Inc | March 31, 2026 | +18.1% | $37.2M |
| DRVNDriven Brands Hldgs Inc | March 31, 2026 | +10.5% | $69.7M |
| TICTic Solutions Inc | March 31, 2025 | −27.2% | $16.2M |
| PARPar Technology Corp | June 30, 2020 | −41.8% | $10.6M |
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +10.2% | +14.8% |
| March 31, 2026 | −11.3% | −4.6% |
| December 31, 2025 | −9.7% | +2.4% |
| September 30, 2025 | −27.1% | +7.8% |
| June 30, 2025 | +11.2% | +10.5% |
| March 31, 2025 | −12.4% | −4.6% |
| December 31, 2024 | +25.5% | +2.1% |
| September 30, 2024 | −3.4% | +5.4% |
| June 30, 2024 | −3.0% | +4.0% |
| March 31, 2024 | +6.0% | +10.0% |
| December 31, 2023 | +20.9% | +11.2% |
| September 30, 2023 | −7.1% | −3.6% |
| June 30, 2023 | +8.9% | +8.3% |
| March 31, 2023 | +8.9% | +7.0% |
| December 31, 2022 | +22.7% | +7.1% |
| September 30, 2022 | −2.5% | −5.3% |
| June 30, 2022 | −19.2% | −16.5% |
| March 31, 2022 | −21.8% | −4.9% |
| December 31, 2021 | +3.4% | +10.7% |
| September 30, 2021 | −5.9% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: ADW Capital Management, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1745214&type=13F-HR&dateb=&owner=include&count=40CIK 1745214
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1745214/000142050626001724/Filed August 14, 2026 · accession 0001420506-26-001724