Adam Wyden - ADW Capital Management 13F Activity & Position Changes (Q3 2025)

According to the SEC 13F filed on Nov 14, 2025, the ADW Capital Management portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q3 2025, the filing reported:

New Buys - NCR Voyix Corporation

Increases - None reported

Reductions - APi Group Corporation, PAR Technology Corporation, RCI Hospitality Holdings, Inc., Acuren

Complete Exits - Olo Inc.

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q3 2025	APG APi Group Corporation	APi Group Corporation	Sell	-66,922	-6.3%	$34.37M	1,000,000
Q3 2025	OLO Olo Inc.	Olo Inc.	Sell - Position Exit	-1,900,000	-100.0%	$0.00	-
Q3 2025	PAR PAR Technology Corporation	PAR Technology Corporation	Sell	-2,000,000	-77.0%	$23.64M	597,229
Q3 2025	RICK RCI Hospitality Holdings, Inc.	RCI Hospitality Holdings, Inc.	Sell	-58,782	-6.7%	$25.05M	821,000
Q3 2025	TIC Acuren	Acuren	Sell	-1,513,803	-57.9%	$14.64M	1,100,000
Q3 2025	VYX NCR Voyix Corporation	NCR Voyix Corporation	Buy - Position Entry	+2,250,000	-	$28.24M	2,250,000