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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

X0202 SCHEDULE 13D/A 0001511001 XXXXXXXX LIVE 5 Shares representing beneficial interests in Compass Diversified Holdings 07/16/2026 false 0001345126 20451Q104 COMPASS DIVERSIFIED HOLDINGS 301 Riverside Avenue Second Floor Westport CT 06880 C. Robert Bruner (214) 651-5231 2801 N. Harwood Street Suite 2300 Dallas TX 75201 0001511001 N ADW Capital Partners, L.P. b WC N DE 0 14500000 0 14500000 14500000 N 19.3 PN The figures in Items 8, 10 and 11 include 10,750,000 Shares representing beneficial interests in Compass Diversified Holdings ("Shares") that may be acquired by the Reporting Persons within 60 days upon the exercise of call options to purchase Shares. The percentage in Item 13 is based upon 75,235,966 Shares outstanding as of May 1, 2026, according to the Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026, filed by Compass Diversified Holdings (the "Issuer") with the U.S. Securities and Exchange Commission (the "SEC") on May 6, 2026. 0001745214 N ADW Capital Management, LLC b AF N DE 0 14500000 0 14500000 14500000 N 19.3 HC IA The figures in Items 8, 10 and 11 include 10,750,000 Shares that may be acquired by the Reporting Persons within 60 days upon the exercise of call options to purchase Shares. The percentage in Item 13 is based upon 75,235,966 Shares outstanding as of May 1, 2026, according to the Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026, filed by the Issuer with the SEC on May 6, 2026. 0001745215 N Adam D. Wyden b AF N X1 0 14500000 0 14500000 14500000 N 19.3 IN The figures in Items 8, 10 and 11 include 10,750,000 Shares that may be acquired by the Reporting Persons within 60 days upon the exercise of call options to purchase Shares. The percentage in Item 13 is based upon 75,235,966 Shares outstanding as of May 1, 2026, according to the Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026, filed by the Issuer with the SEC on May 6, 2026. Shares representing beneficial interests in Compass Diversified Holdings COMPASS DIVERSIFIED HOLDINGS 301 Riverside Avenue Second Floor Westport CT 06880 Item 4 is hereby amended and supplemented as follows: "On July 16, 2026, ADW Capital Partners, L.P. delivered an open letter to the Issuer's board of directors (the "July Letter"). In the July Letter, ADW Capital Partners, L.P. called for the Issuer to immediately commence a strategic review process and orderly liquidation of the Issuer to preserve value for shareholders. The July Letter included ADW Capital Partners, L.P.'s financial analysis that the Issuer could achieve value in excess of $50 to $60 dollars per share through a sequencing of asset sales to streamline the Issuer in addition to share repurchases. The foregoing description of the July Letter is qualified in its entirety by the full text of the July Letter, which is attached hereto as Exhibit 99.4 and incorporated herein by reference." Item 7 is hereby amended and supplemented as follows: "Exhibit 99.4 Letter to the Board of Directors of Compass Diversified Holdings, dated July 16, 2026 (filed herewith)." ADW Capital Partners, L.P. /s/ Adam D. Wyden Sole Manager of ADW Capital Management, LLC, its general partner 07/16/2026 ADW Capital Management, LLC /s/ Adam D. Wyden Sole Manager 07/16/2026 Adam D. Wyden /s/ Adam D. Wyden Adam D. Wyden 07/16/2026