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.

Investment Strategy Metrics

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

MetricValueCategoryDescription
Holding Period2.4 yearsStyleAverage duration positions are maintained
Position Count8StyleNumber of active positions in portfolio
Position Size15.7%RiskTypical allocation per position
Win Rate53.2%PerformancePercentage of profitable positions
Average Return50.5%PerformanceMean return across positions
Sharpe Ratio0.22PerformanceReturn per unit of risk taken

Investment Case Study: PAR TECHNOLOGY CORP (PAR)

12/31/2018 - 11/7/2025

Performance Metrics

Total Return: 3,058.36%

Holding Period: 2503 days

Max Position Size: $188,740,631.00

Position Weight: 38.84%

Key Events

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

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