Adam Wyden - ADW Capital Management Investment Strategy (Jun 30, 2025)

As of Jun 30, 2025, the ADW Capital Management portfolio managed by Adam Wyden demonstrates a sophisticated investment approach with 8 positions and an average holding period of 862 quarters. The strategy focuses on Consumer Cyclical, Industrials, Technology sectors with a typical position size of 15.7% of the portfolio.

The portfolio's risk management approach includes a maximum position size of 15.71% and sector diversification of 3%, exemplified by the case study of PAR TECHNOLOGY CORP (PAR). This strategic framework provides insights into Adam Wyden's investment philosophy, risk management practices, and long-term value creation approach.

Key metrics revealing investment style, risk management, and performance characteristics

Metric	Value	Category	Description
Holding Period	2.4 years	Style	Average duration positions are maintained
Position Count	8	Style	Number of active positions in portfolio
Position Size	15.7%	Risk	Typical allocation per position
Win Rate	53.2%	Performance	Percentage of profitable positions
Average Return	50.5%	Performance	Mean return across positions
Sharpe Ratio	0.22	Performance	Return per unit of risk taken

Investment Case Study: PAR TECHNOLOGY CORP (PAR)

12/31/2018 - 10/31/2025

Total Return: 3,058.36%

Holding Period: 2496 days

Max Position Size: $188,740,631.00

Position Weight: 38.84%

12/31/2018: ENTRY(1,623,000.00 shares) @ $0.02

6/30/2019: DECREASE(-123,000.00 shares) @ $0.03

9/30/2019: DECREASE(-377,000.00 shares) @ $0.02

12/31/2019: DECREASE(-417,200.00 shares) @ $0.03

3/31/2020: DECREASE(-595,800.00 shares) @ $0.01

6/30/2020: INCREASE(1,360,000.00 shares) @ $0.03

9/30/2020: INCREASE(355,000.00 shares) @ $0.04

12/31/2020: INCREASE(275,200.00 shares) @ $0.06

3/31/2021: DECREASE(-265,830.00 shares) @ $0.07

6/30/2021: INCREASE(215,630.00 shares) @ $0.07

9/30/2021: INCREASE(443,640.00 shares) @ $0.06

12/31/2021: INCREASE(7,974.00 shares) @ $0.05

3/31/2022: INCREASE(48,500.00 shares) @ $0.04

9/30/2022: INCREASE(50,000.00 shares) @ $0.03

3/31/2023: INCREASE(100,000.00 shares) @ $33.96

3/31/2024: INCREASE(646,830.00 shares) @ $45.36

9/30/2024: DECREASE(-144,944.00 shares) @ $52.08

12/31/2024: DECREASE(-604,771.00 shares) @ $72.67

Entry Context: Initial position established based on fundamental analysis

Sector Conditions: Favorable market conditions in the sector

Risk Factors: