Advisory Research’s Potbelly PBPB Stock Holding History

Advisory Research’s Portfolio PBPB Stock Details PBPB Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2023 Q4	–	Sell	-113,040	Closed	-$882K	–	444
2023 Q3	$882K	Sell	113,040 -82,443	-42%	-$702K	0.12%	209
2023 Q2	$1.72M	Buy	+195,483	New	+$1.72M	0.22%	125
2022 Q2	–	Sell	-36,608	Closed	-$245K	–	416
2022 Q1	$245K	Buy	+36,608	New	+$213K	0.02%	324
2021 Q4	–	Sell	-21,723	Closed	-$147K	–	374
2021 Q3	$147K	Sell	21,723 -42,833	-66%	-$298K	0.01%	320
2021 Q2	$510K	Buy	+64,556	New	+$452K	0.03%	264
2017 Q2	–	Sell	-478,065	Closed	-$6.64M	–	445
2017 Q1	$6.64M	Sell	478,065 -110,546	-19%	-$1.45M	0.1%	131
2016 Q4	$7.59M	Sell	588,611 -51,368	-8%	-$687K	0.11%	107
2016 Q3	$7.96M	Sell	639,979 -5,254	-0.8%	-$68K	0.13%	105
2016 Q2	$8.09M	Sell	645,233 -200,451	-24%	-$2.67M	0.14%	102
2016 Q1	$11.5M	Buy	845,684 +5,519	+0.7%	+$66.2K	0.22%	101
2015 Q4	$9.84M	Buy	840,165 +32,054	+4%	+$374K	0.15%	129
2015 Q3	$8.9M	Buy	808,111 +767,871	+1,908%	+$9.21M	0.13%	145
2015 Q2	$493K	Sell	40,240 -730	-2%	-$10.2K	0.01%	285
2015 Q1	$561K	Buy	+40,970	New	+$569K	0.01%	288

Other funds holding PBPB

NIMC

Nierenberg Investment Management Company Camas, Washington $201M AUM 36.3% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

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

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

SAM

Soviero Asset Management New York $200M AUM 134.59% 1-Year Est. Return

PAIM

Punch & Associates Investment Management Edina, Minnesota $1.73B AUM 27.65% 1-Year Est. Return

ACM

Archon Capital Management Seattle, Washington $177M AUM 108.05% 1-Year Est. Return

Heartland Advisors Milwaukee, Wisconsin $1.96B AUM 28.26% 1-Year Est. Return

First Eagle Investment Management New York $59B AUM 32.99% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

Advisory Research's PBPB Position: Q4 2023 in Review

Advisory Research sold out of Potbelly (PBPB) in Q4 2023, closing a stake of 113,040 shares — an estimated $882K sold.

Advisory Research first reported a position in PBPB in Q1 2015 and held it in 14 quarters. The position peaked at $11.5M in Q1 2016. 90 funds tracked by Wall St. Rank hold PBPB as of Q4 2023.

Advisory Research reported no remaining Potbelly position as of Q4 2023 after selling out during the quarter.
Advisory Research sold 113,040 Potbelly shares in Q4 2023, an estimated $882K.
Advisory Research first reported a position in Potbelly in Q1 2015 and held it in 14 quarters.
Advisory Research's Potbelly position peaked at $11.5M in Q1 2016.
90 funds tracked by Wall St. Rank held Potbelly as of Q4 2023.

Based on Advisory Research's 13F filing for Q4 2023, filed 13 Feb 2024.