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PBPB

Potbelly
PBPB

Delisted

PBPB was delisted on the 22nd of October, 2025.

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50 hedge funds and large institutions have $41.8M invested in Potbelly in 2020 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 7 increasing their positions, 21 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

79% more capital invested

Capital invested by funds: $23.4M → $41.8M (+$18.4M)

3.04% more ownership

Funds ownership: 43.14% → 46.19% (+3%)

7% less funds holding

Funds holding: 54 → 50 (-4)

33% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 12

67% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 21

Holders
50
Holders Change
-4
Holders Change %
-7.41%
% of All Funds
1.01%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
7
Reduced
21
Closed
12
Calls
$351K
Puts
–
Net Calls
+$351K
Net Calls Change
+$248K

Top Buyers

Rank Fund Capital Flow
1
ACM
Archon Capital Management
Washington
+$6.24M
2
Morgan Stanley
Morgan Stanley
New York
+$362K
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$279K
4
GPCM
Granite Point Capital Management
Massachusetts
+$264K
5
Renaissance Technologies
Renaissance Technologies
New York
+$203K

Top Sellers

Rank Fund Capital Flow
1
KCM
Kennedy Capital Management
Missouri
-$938K
2
Millennium Management
Millennium Management
New York
-$741K
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$607K
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$558K
5
Jane Street
Jane Street
New York
-$345K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$71K – – –
Wells Fargo
27
Wells Fargo
California
$70K -$23.9K -6,758 -27%
SI
28
Stephens Inc
Arkansas
$67K +$62.6K +17,723 New
Squarepoint
29
Squarepoint
New York
$66K +$61.7K +17,466 New
Qube Research & Technologies (QRT)
30
Qube Research & Technologies (QRT)
United Kingdom
$44K -$35.3K -9,988 -46%
OSAM
31
O'Shaughnessy Asset Management
Connecticut
$41K -$21.6K -6,110 -36%
Simplex Trading
32
Simplex Trading
Illinois
$35K -$2.61K -740 -7%
Bank of Montreal
33
Bank of Montreal
Ontario, Canada
$25K -$3.05K -865 -12%
SIC
34
Salem Investment Counselors
North Carolina
$20K – – –
Osaic Holdings
35
Osaic Holdings
Arizona
$18K +$3.53K +1,000 +28%
Group One Trading
36
Group One Trading
Illinois
$10K -$38.6K -10,928 -80%
UBS Group
37
UBS Group
Switzerland
$6K -$1.52K -431 -21%
Deutsche Bank
38
Deutsche Bank
Germany
$6K +$5.65K +1,601 New
NSIM
39
North Star Investment Management
Illinois
$4K – – –
FCM
40
Firestone Capital Management
Florida
$3K – – –
PAM
41
Panagora Asset Management
Massachusetts
$3K – – –
VFA
42
Valeo Financial Advisors
Indiana
$3K – – –
Royal Bank of Canada
43
Royal Bank of Canada
Ontario, Canada
$1K -$6.98K -1,978 -88%
CAPTRUST Financial Advisors
44
CAPTRUST Financial Advisors
North Carolina
$1K – – –
Millennium Management
45
Millennium Management
New York
– -$741K -325,115 Closed
Jane Street
46
Jane Street
New York
– -$345K -151,110 Closed
PP
47
Paloma Partners
Connecticut
– -$110K -48,400 Closed
Goldman Sachs
48
Goldman Sachs
New York
– -$95K -41,709 Closed
BNP Paribas Financial Markets
49
BNP Paribas Financial Markets
France
– -$45.5K -19,959 Closed
Citadel Advisors
50
Citadel Advisors
Florida
– -$55.3K -15,651 Closed
1
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PBPB Hedge Fund Activity: Q3 2020 in Review

50 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q3 2020, worth a combined $41.8M — up 79% from $23.4M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of PBPB and 8 opened new positions — a net loss of 4 holders — while 21 trimmed existing stakes and 7 added.

The largest buyer was Archon Capital Management, opening a new position worth an estimated $6.24M. The largest seller was Kennedy Capital Management, cutting an estimated $938K.

  • 50 institutional investors held Potbelly (PBPB) as of Q3 2020, down from 54 in Q2 2020.
  • Funds reported $41.8M of Potbelly stock for Q3 2020, up 79% quarter-over-quarter.
  • 8 funds opened new Potbelly positions in Q3 2020 and 12 closed out, a net change of -4 holders.
  • The largest Potbelly buyer in Q3 2020 was Archon Capital Management, an estimated $6.24M added.
  • The largest Potbelly seller in Q3 2020 was Kennedy Capital Management, an estimated $938K sold.

Based on aggregated 13F filings for Q3 2020.