Potbelly
PBPB
PBPB was delisted on the 22nd of October, 2025.
83 hedge funds and large institutions have $156M invested in Potbelly in 2014 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 37 increasing their positions, 17 reducing their positions, and 21 closing their positions.
118% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 17
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
7% less funds holding
Funds holding: 89 → 83 (-6)
18% less capital invested
Capital invested by funds: $192M → $156M (-$35.4M)
29% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 21
30% less call options, than puts
Call options by funds: $6.33M | Put options by funds: $9.01M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZIG
Zuckerman Investment Group
Chicago,
Illinois
|
+$27M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$6.42M |
| 3 |
TGHSA
TPG Group Holdings (SBS) Advisors
Fort Worth,
Texas
|
+$4.34M |
| 4 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$4.02M |
| 5 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
+$3.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$23.3M |
| 2 |
Alkeon Capital Management
New York
|
-$11.8M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
-$3.9M |
| 4 |
BL
Bolton LP
Greenwich,
Connecticut
|
-$2.3M |
| 5 |
JP Morgan Chase
New York
|
-$1.92M |
PBPB Hedge Fund Activity: Q3 2014 in Review
83 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q3 2014, worth a combined $156M — down 18% from $192M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of PBPB and 15 opened new positions — a net loss of 6 holders — while 17 trimmed existing stakes and 37 added.
The largest buyer was Zuckerman Investment Group, opening a new position worth an estimated $27M. The largest seller was Morgan Stanley, cutting an estimated $23.3M.
- 83 institutional investors held Potbelly (PBPB) as of Q3 2014, down from 89 in Q2 2014.
- Funds reported $156M of Potbelly stock for Q3 2014, down 18% quarter-over-quarter.
- 15 funds opened new Potbelly positions in Q3 2014 and 21 closed out, a net change of -6 holders.
- The largest Potbelly buyer in Q3 2014 was Zuckerman Investment Group, an estimated $27M added.
- The largest Potbelly seller in Q3 2014 was Morgan Stanley, an estimated $23.3M sold.
Based on aggregated 13F filings for Q3 2014.