# ADW Capital Management LLC

> ADW Capital Management LLC is an SEC-registered investment advisory firm, registered since 2018, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 175486
- Filed as: ADW CAPITAL MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/175486
- AdvisorCensus page: https://advisorcensus.com/firm/adw-capital-management-llc-175486

## Quick answers

**How is ADW Capital Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), ADW Capital Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Is ADW Capital Management LLC registered with the SEC or a state?**
ADW Capital Management LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 175486.

**How much does ADW Capital Management LLC manage?**
ADW Capital Management LLC reports $296,780,492 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have ADW Capital Management LLC's assets and staff changed since 2021?**
In the Form ADV data for ADW Capital Management LLC: Regulatory assets under management: $329,234,273 in the October 2021 data and $296,780,492 in the October 2026 data, down 10%. Total employees: 3 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does ADW Capital Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2).

**Does ADW Capital Management LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/175486

**Does ADW Capital Management LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "Additionally, the Funds each have a minimum investment requirement of $2,000,000 for investors, although this minimum may be waived or reduced as provided in the offering documents of each Fund."

**What changed in ADW Capital Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $405,469,458 to $296,780,492 (-27%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: $2,000,000 (the brochure says it may be waived or negotiated)

> Additionally, the Funds each have a minimum investment requirement of $2,000,000 for investors, although this minimum may be waived or reduced as provided in the offering documents of each Fund.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $296,780,492
- Discretionary: $296,780,492
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $296,780,492 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2018 (8 years)
- Employees: 3 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- adwcapital.com
- LinkedIn @adw-capital
- X @Adam_Wyden

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $329,234,273 | 3 | April 27, 2021 |
| October 2022 | $389,160,728 | 3 | March 24, 2022 |
| October 2023 | $284,408,201 | 3 | March 31, 2023 |
| October 2024 | $473,548,758 | 3 | March 28, 2024 |
| October 2025 | $405,469,458 | 3 | March 12, 2025 |
| October 2026 | $296,780,492 | 3 | March 31, 2026 |

Regulatory assets under management: $329,234,273 in the October 2021 data and $296,780,492 in the October 2026 data, down 10%.
Total employees: 3 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $405,469,458 to $296,780,492 (-27%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. ADW Capital Management LLC (CRD 175486): Form ADV filing data as of October 2026.