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PBPB

Potbelly
PBPB

Delisted

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

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86 hedge funds and large institutions have $162M invested in Potbelly in 2023 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 32 increasing their positions, 15 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

341% more call options, than puts

Call options by funds: $715K | Put options by funds: $162K

113% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 15

80% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 15

16% more funds holding

Funds holding: 74 → 86 (+12)

15% more capital invested

Capital invested by funds: $141M → $162M (+$21.5M)

5.15% more ownership

Funds ownership: 58.18% → 63.33% (+5.1%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

Holders
86
Holders Change
+12
Holders Change %
+16.22%
% of All Funds
1.35%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
27
Increased
32
Reduced
15
Closed
15
Calls
$715K
Puts
$162K
Net Calls
+$553K
Net Calls Change
-$18K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$9.81M
2
State Street
State Street
Massachusetts
+$2.45M
3
Geode Capital Management
Geode Capital Management
Massachusetts
+$2.14M
4
AR
Advisory Research
Illinois
+$1.72M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$1.59M

Top Sellers

Rank Fund Capital Flow
1
ACM
Archon Capital Management
Washington
-$9.35M
2
EI
EAM Investors
California
-$1.7M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.59M
4
Vanguard Group
Vanguard Group
Pennsylvania
-$1.2M
5
Jane Street
Jane Street
New York
-$1.07M
Name Holding Trade Value Shares
Change 		Change in
Stake
RA
26
Raffles Associates
New York
$816K +$329K +37,500 +68%
Morgan Stanley
27
Morgan Stanley
New York
$765K +$123K +13,978 +19%
Man Group
28
Man Group
United Kingdom
$722K +$723K +82,276 New
Two Sigma Advisers
29
Two Sigma Advisers
New York
$700K +$700K +79,700 New
Connor, Clark & Lunn Investment Management (CC&L)
30
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$648K +$365K +41,588 +129%
Bank of New York Mellon
31
Bank of New York Mellon
New York
$639K +$526K +59,851 +461%
Victory Capital Management
32
Victory Capital Management
Texas
$632K -$188K -21,357 -23%
Charles Schwab
33
Charles Schwab
California
$627K +$524K +59,667 +510%
FA
34
Fortis Advisors
Pennsylvania
$614K – – –
Walleye Capital
35
Walleye Capital
New York
$587K +$373K +42,455 +174%
Citadel Advisors
36
Citadel Advisors
Florida
$507K -$556K -63,354 -52%
EGM
37
Engineers Gate Manager
New York
$464K +$198K +22,539 +74%
CCIA
38
Campbell & Co Investment Adviser
Maryland
$305K +$305K +34,722 New
OCM
39
Orchard Capital Management
Illinois
$285K – – –
JP Morgan Chase
40
JP Morgan Chase
New York
$254K +$236K +26,848 +1,262%
OSAM
41
O'Shaughnessy Asset Management
Connecticut
$230K +$77.8K +8,857 +51%
SI
42
Stephens Inc
Arkansas
$221K – – –
CSS
43
Cubist Systematic Strategies
Connecticut
$219K +$30.6K +3,482 +16%
OQS
44
Occudo Quantitative Strategies
Florida
$218K +$4.9K +558 +2%
Commonwealth Equity Services
45
Commonwealth Equity Services
Massachusetts
$216K – – –
RhumbLine Advisers
46
RhumbLine Advisers
Massachusetts
$205K +$205K +23,352 New
American Century Companies
47
American Century Companies
Missouri
$180K +$180K +20,476 New
XT
48
XTX Topco
Cayman Islands
$167K +$167K +19,054 New
BNP Paribas Financial Markets
49
BNP Paribas Financial Markets
France
$157K +$157K +17,845 New
UBS Group
50
UBS Group
Switzerland
$141K +$134K +15,256 +1,994%
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PBPB Hedge Fund Activity: Q2 2023 in Review

86 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q2 2023, worth a combined $162M — up 15% from $141M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new PBPB positions and 15 closed out — a net gain of 12 holders — while 32 added to existing stakes and 15 trimmed.

The largest buyer was BlackRock, adding an estimated $9.81M. The largest seller was Archon Capital Management, cutting an estimated $9.35M.

  • 86 institutional investors held Potbelly (PBPB) as of Q2 2023, up from 74 in Q1 2023.
  • Funds reported $162M of Potbelly stock for Q2 2023, up 15% quarter-over-quarter.
  • 27 funds opened new Potbelly positions in Q2 2023 and 15 closed out, a net change of +12 holders.
  • The largest Potbelly buyer in Q2 2023 was BlackRock, an estimated $9.81M added.
  • The largest Potbelly seller in Q2 2023 was Archon Capital Management, an estimated $9.35M sold.

Based on aggregated 13F filings for Q2 2023.