Nierenberg Investment Management Company’s Potbelly PBPB Stock Holding History
Bought
Maintained
Sold
| Quarter | Market Value | Status | Shares |
Change in Stake | Trade Value | Portfolio Weight | Portfolio Position | |
|---|---|---|---|---|---|---|---|---|
|
2025
Q4 | – | Sell |
-2,980,564
| Closed | -$50.8M | – | 56 |
|
|
2025
Q3 | $50.8M | Hold |
2,980,564
| – | – | 21.7% | 1 |
|
|
2025
Q2 | $36.5M | Hold |
2,980,564
| – | – | 19.4% | 2 |
|
|
2025
Q1 | $28.3M | Hold |
2,980,564
| – | – | 15.47% | 3 |
|
|
2024
Q4 | $28.1M | Hold |
2,980,564
| – | – | 15.58% | 2 |
|
|
2024
Q3 | $24.9M | Buy |
2,980,564
+150,704
| +5% | +$1.15M | 14.09% | 2 |
|
|
2024
Q2 | $22.7M | Hold |
2,829,860
| – | – | 12.71% | 2 |
|
|
2024
Q1 | $34.3M | Hold |
2,829,860
| – | – | 19.09% | 2 |
|
|
2023
Q4 | $29.5M | Buy |
2,829,860
+120,000
| +4% | +$1.09M | 17.68% | 2 |
|
|
2023
Q3 | $21.1M | Hold |
2,709,860
| – | – | 15.18% | 2 |
|
|
2023
Q2 | $23.8M | Hold |
2,709,860
| – | – | 16.28% | 2 |
|
|
2023
Q1 | $22.6M | Hold |
2,709,860
| – | – | 17.02% | 2 |
|
|
2022
Q4 | $15.1M | Buy |
2,709,860
+20,000
| +0.7% | +$105K | 11.37% | 4 |
|
|
2022
Q3 | $12.2M | Buy |
2,689,860
+166,589
| +7% | +$896K | 10.12% | 4 |
|
|
2022
Q2 | $14.3M | Buy |
2,523,271
+185,063
| +8% | +$1.08M | 11.85% | 4 |
|
|
2022
Q1 | $15.7M | Buy |
2,338,208
+201,954
| +9% | +$1.17M | 11.07% | 4 |
|
|
2021
Q4 | $11.9M | Buy |
2,136,254
+595,227
| +39% | +$3.47M | 9.8% | 4 |
|
|
2021
Q3 | $10.4M | Buy |
1,541,027
+97,941
| +7% | +$682K | 8.1% | 6 |
|
|
2021
Q2 | $11.4M | Buy |
1,443,086
+505,967
| +54% | +$3.55M | 9.36% | 6 |
|
|
2021
Q1 | $5.54M | Buy |
937,119
+886,564
| +1,754% | +$4.75M | 4.32% | 8 |
|
|
2020
Q4 | $222K | Buy |
+50,555
| New | +$214K | 0.21% | 26 |
|
Other funds holding PBPB
Nierenberg Investment Management Company's PBPB Position: Q4 2025 in Review
Nierenberg Investment Management Company sold out of Potbelly (PBPB) in Q4 2025, closing a stake of 2,980,564 shares — an estimated $50.8M sold.
Nierenberg Investment Management Company first reported a position in PBPB in Q4 2020 and held it in 20 quarters. The position peaked at $50.8M in Q3 2025. 1 fund tracked by Wall St. Rank holds PBPB as of Q4 2025.
- Nierenberg Investment Management Company reported no remaining Potbelly position as of Q4 2025 after selling out during the quarter.
- Nierenberg Investment Management Company sold 2,980,564 Potbelly shares in Q4 2025, an estimated $50.8M.
- Nierenberg Investment Management Company first reported a position in Potbelly in Q4 2020 and held it in 20 quarters.
- Nierenberg Investment Management Company's Potbelly position peaked at $50.8M in Q3 2025.
- 1 fund tracked by Wall St. Rank held Potbelly as of Q4 2025.
Based on Nierenberg Investment Management Company's 13F filing for Q4 2025, filed 13 Feb 2026.