ADW Capital Management’s FAT Brands FAT Stock Holding History

ADW Capital Management’s Portfolio FAT Stock Details FAT Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-587,400	Closed	-$1.15M	–	6
2025 Q3	$1.15M	Hold	587,400	–	–	0.65%	7
2025 Q2	$1.4M	Hold	587,400	–	–	0.38%	7
2025 Q1	$1.69M	Sell	587,400 -466,396	-44%	-$1.54M	0.55%	6
2024 Q4	$3.12M	Hold	1,053,796	–	–	0.96%	5
2024 Q3	$2.89M	Hold	1,053,796	–	–	0.91%	6
2024 Q2	$3.01M	Hold	1,053,796	–	–	0.65%	6
2024 Q1	$4.46M	Hold	1,053,796	–	–	0.89%	6
2023 Q4	$3.56M	Hold	1,053,796	–	–	0.8%	6
2023 Q3	$3.85M	Hold	1,053,796	–	–	1.04%	6
2023 Q2	$4.04M	Hold	1,053,796	–	–	1.03%	6
2023 Q1	$4.14M	Hold	1,053,796	–	–	1.22%	6
2022 Q4	$2.91M	Hold	1,053,796	–	–	1.08%	7
2022 Q3	$4.35M	Hold	1,053,796	–	–	2.05%	6
2022 Q2	$4.38M	Hold	1,053,796	–	–	2.07%	6
2022 Q1	$4.39M	Sell	1,053,796 -179	-0%	-$931	1.71%	7
2021 Q4	$6.22M	Hold	1,053,975	–	–	1.9%	7
2021 Q3	$5.48M	Sell	1,053,975 -272,370	-21%	-$1.69M	1.72%	7
2021 Q2	$10.8M	Hold	1,326,345	–	–	3.18%	6
2021 Q1	$5.59M	Hold	1,326,345	–	–	1.78%	6
2020 Q4	$4.4M	Buy	+1,326,345	New	+$3.94M	1.56%	6

Other funds holding FAT

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

XTX Topco George Town, Cayman Islands $5.75B AUM 30.56% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Jane Street New York $777B AUM 61.18% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Virtu Financial New York $2.41B AUM 48.35% 1-Year Est. Return

Osaic Holdings Scottsdale, Arizona $68.3B AUM 20.5% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

HRT Financial New York $40.1B AUM 58.22% 1-Year Est. Return

ADW Capital Management's FAT Position: Q4 2025 in Review

ADW Capital Management sold out of FAT Brands (FAT) in Q4 2025, closing a stake of 587,400 shares — an estimated $1.15M sold.

ADW Capital Management first reported a position in FAT in Q4 2020 and held it in 20 quarters. The position peaked at $10.8M in Q2 2021. 19 funds tracked by Wall St. Rank hold FAT as of Q4 2025.

ADW Capital Management reported no remaining FAT Brands position as of Q4 2025 after selling out during the quarter.
ADW Capital Management sold 587,400 FAT Brands shares in Q4 2025, an estimated $1.15M.
ADW Capital Management first reported a position in FAT Brands in Q4 2020 and held it in 20 quarters.
ADW Capital Management's FAT Brands position peaked at $10.8M in Q2 2021.
19 funds tracked by Wall St. Rank held FAT Brands as of Q4 2025.

Based on ADW Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.