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


As of Sep 30, 2025, the ADW Capital Management portfolio managed by Adam Wyden demonstrates a sophisticated investment approach with 9 positions and an average holding period of 933 quarters. The strategy focuses on Consumer Cyclical, Industrials, Technology sectors with a typical position size of 15.6% of the portfolio.


The portfolio's risk management approach includes a maximum position size of 15.58% and sector diversification of 3%, exemplified by the case study of GFL ENVIRONMENTAL INC (GFL). This strategic framework provides insights into Adam Wyden's investment philosophy, risk management practices, and long-term value creation approach.

Investment Strategy Metrics

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

MetricValueCategoryDescription
Holding Period2.6 yearsStyleAverage duration positions are maintained
Position Count9StyleNumber of active positions in portfolio
Position Size15.6%RiskTypical allocation per position
Win Rate45.6%PerformancePercentage of profitable positions
Average Return47.5%PerformanceMean return across positions
Sharpe Ratio0.20PerformanceReturn per unit of risk taken

Investment Case Study: GFL ENVIRONMENTAL INC (GFL)

6/30/2020 - 12/1/2025

Performance Metrics

Total Return: 171,398.93%

Holding Period: 1980 days

Max Position Size: $56,826,000.00

Position Weight: 13.18%

Key Events

6/30/2020: ENTRY(835,000.00 shares) @ $0.02
9/30/2020: INCREASE(660,000.00 shares) @ $0.02
12/31/2020: INCREASE(22,000.00 shares) @ $0.03
3/31/2021: DECREASE(-217,000.00 shares) @ $0.03
9/30/2021: DECREASE(-591,000.00 shares) @ $0.04
3/31/2022: DECREASE(-50,000.00 shares) @ $0.03
12/31/2022: INCREASE(317,888.00 shares) @ $29.23
3/31/2023: INCREASE(673,112.00 shares) @ $34.44
6/30/2024: DECREASE(-660,000.00 shares) @ $38.93
3/31/2025: INCREASE(20,000.00 shares) @ $48.31

Investment Thesis

Entry Context: Initial position established based on fundamental analysis

Sector Conditions: Favorable market conditions in the sector

Risk Factors:
  • Market volatility
  • Sector-specific risks

Key Learnings

  • Position sizing is critical for portfolio management
  • Important to monitor sector exposure

Sector Allocations