RA
PBPB

Raffles Associates’s Potbelly PBPB Stock Holding History

Raffles Associates’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
2025
Q3 		– Sell
-59,761
Closed -$732K – 54
2025
Q2 		$732K Hold
59,761
– – 0.76% 30
2025
Q1 		$568K Sell
59,761
-10,000
-14% -$111K 0.69% 32
2024
Q4 		$657K Hold
69,761
– – 0.71% 30
2024
Q3 		$582K Sell
69,761
-5,000
-7% -$38.2K 0.6% 31
2024
Q2 		$600K Hold
74,761
– – 0.68% 31
2024
Q1 		$905K Sell
74,761
-15,000
-17% -$188K 1.05% 24
2023
Q4 		$935K Sell
89,761
-3,199
-3% -$29.1K 1.18% 21
2023
Q3 		$725K Hold
92,960
– – 0.96% 26
2023
Q2 		$816K Buy
92,960
+37,500
+68% +$329K 1.1% 27
2023
Q1 		$462K Sell
55,460
-4,450
-7% -$33.5K 0.63% 31
2022
Q4 		$334K Buy
+59,910
New +$314K 0.39% 40

Other funds holding PBPB

NIMC
Nierenberg Investment Management Company Camas, Washington $201M AUM 36.3% 1-Year Est. Return
BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
GCL
Glazer Capital LLC New York $4.71B AUM 81.93% 1-Year Est. Return
Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
WIC
Water Island Capital New York $896M AUM 107.59% 1-Year Est. Return
Fidelity International
Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return
Balyasny Asset Management
Balyasny Asset Management Chicago, Illinois $77.1B AUM 42.89% 1-Year Est. Return
Renaissance Technologies
Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return
VI
Versor Investments New York $40.8M AUM 93.59% 1-Year Est. Return
FTCM
First Trust Capital Management Chicago, Illinois $1.9B AUM 58.39% 1-Year Est. Return

Raffles Associates's PBPB Position: Q3 2025 in Review

Raffles Associates sold out of Potbelly (PBPB) in Q3 2025, closing a stake of 59,761 shares — an estimated $732K sold.

Raffles Associates first reported a position in PBPB in Q4 2022 and held it in 11 quarters. The position peaked at $935K in Q4 2023. 132 funds tracked by Wall St. Rank hold PBPB as of Q3 2025.

  • Raffles Associates reported no remaining Potbelly position as of Q3 2025 after selling out during the quarter.
  • Raffles Associates sold 59,761 Potbelly shares in Q3 2025, an estimated $732K.
  • Raffles Associates first reported a position in Potbelly in Q4 2022 and held it in 11 quarters.
  • Raffles Associates's Potbelly position peaked at $935K in Q4 2023.
  • 132 funds tracked by Wall St. Rank held Potbelly as of Q3 2025.

Based on Raffles Associates's 13F filing for Q3 2025, filed 14 Nov 2025.