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PBPB

Potbelly
PBPB

Delisted

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

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52 hedge funds and large institutions have $104M invested in Potbelly in 2022 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 14 increasing their positions, 16 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

22% more capital invested

Capital invested by funds: $85.2M → $104M (+$18.4M)

0.66% more ownership

Funds ownership: 53.12% → 53.78% (+0.66%)

12% less funds holding

Funds holding: 59 → 52 (-7)

13% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 16

78% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 9

89% less call options, than puts

Call options by funds: $1K | Put options by funds: $9K

Holders
52
Holders Change
-7
Holders Change %
-11.86%
% of All Funds
0.82%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
2
Increased
14
Reduced
16
Closed
9
Calls
$1K
Puts
$9K
Net Calls
-$8K
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
NIMC
Nierenberg Investment Management Company
Washington
+$1.17M
2
HA
Heartland Advisors
Wisconsin
+$611K
3
First Eagle Investment Management
First Eagle Investment Management
New York
+$564K
4
PAIM
Punch & Associates Investment Management
Minnesota
+$516K
5
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
+$355K

Top Sellers

Rank Fund Capital Flow
1
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
-$521K
2
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$509K
3
AWP
Abacus Wealth Partners
California
-$279K
4
Renaissance Technologies
Renaissance Technologies
New York
-$259K
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$247K
Name Holding Trade Value Shares
Change 		Change in
Stake
Assenagon Asset Management
26
Assenagon Asset Management
Luxembourg
$263K – – –
Northern Trust
27
Northern Trust
Illinois
$261K -$10.4K -1,786 -4%
AR
28
Advisory Research
Illinois
$245K +$213K +36,608 New
OCM
29
Orchard Capital Management
Illinois
$217K – – –
SI
30
Stephens Inc
Arkansas
$169K – – –
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$164K -$2.9K -500 -2%
GG
32
Gofen & Glossberg
Illinois
$134K – – –
SEI Investments
33
SEI Investments
Pennsylvania
$123K +$18.6K +3,200 +21%
Arrowstreet Capital
34
Arrowstreet Capital
Massachusetts
$120K -$247K -42,608 -70%
Bank of New York Mellon
35
Bank of New York Mellon
New York
$113K – – –
TRCT
36
Tower Research Capital (TRC)
New York
$60K +$11.1K +1,918 +28%
Morgan Stanley
37
Morgan Stanley
New York
$54K -$2.11K -364 -4%
Group One Trading
38
Group One Trading
Illinois
$53K -$1.16K -200 -2%
SIC
39
Salem Investment Counselors
North Carolina
$35K – – –
IA
40
IFP Advisors
Florida
$12K – – –
UBS Group
41
UBS Group
Switzerland
$10K -$7.75K -1,335 -47%
NSIM
42
North Star Investment Management
Illinois
$7K – – –
Simplex Trading
43
Simplex Trading
Illinois
$7K +$314 +54 +5%
Osaic Holdings
44
Osaic Holdings
Arizona
$5K -$348 -60 -8%
Bank of America
45
Bank of America
North Carolina
$3K -$10.7K -1,849 -80%
Federated Hermes
46
Federated Hermes
Pennsylvania
$2K – – –
Northwestern Mutual Wealth Management
47
Northwestern Mutual Wealth Management
Wisconsin
$2K +$1.74K +300 New
Fidelity Investments
48
Fidelity Investments
Massachusetts
$2K +$1.84K +317 +7,925%
CAPTRUST Financial Advisors
49
CAPTRUST Financial Advisors
North Carolina
$1K – – –
Wells Fargo
50
Wells Fargo
California
$1K – – –
1
2
3

PBPB Hedge Fund Activity: Q1 2022 in Review

52 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q1 2022, worth a combined $104M — up 22% from $85.2M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of PBPB and 2 opened new positions — a net loss of 7 holders — while 16 trimmed existing stakes and 14 added.

The largest buyer was Nierenberg Investment Management Company, adding an estimated $1.17M. The largest seller was Jacobs Levy Equity Management, exiting entirely with an estimated $521K sold.

  • 52 institutional investors held Potbelly (PBPB) as of Q1 2022, down from 59 in Q4 2021.
  • Funds reported $104M of Potbelly stock for Q1 2022, up 22% quarter-over-quarter.
  • 2 funds opened new Potbelly positions in Q1 2022 and 9 closed out, a net change of -7 holders.
  • The largest Potbelly buyer in Q1 2022 was Nierenberg Investment Management Company, an estimated $1.17M added.
  • The largest Potbelly seller in Q1 2022 was Jacobs Levy Equity Management, an estimated $521K sold.

Based on aggregated 13F filings for Q1 2022.