Potbelly
PBPB
PBPB was delisted on the 22nd of October, 2025.
114 hedge funds and large institutions have $209M invested in Potbelly in 2024 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 35 increasing their positions, 34 reducing their positions, and 13 closing their positions.
21,300% more call options, than puts
Call options by funds: $428K | Put options by funds: $2K
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
38% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 13
19% more capital invested
Capital invested by funds: $176M → $209M (+$33M)
5% more funds holding
Funds holding: 109 → 114 (+5)
3.54% more ownership
Funds ownership: 70.4% → 73.94% (+3.5%)
3% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 34
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
+$1.57M |
| 2 |
VCG
Vantage Consulting Group
Virginia Beach,
Virginia
|
+$1.5M |
| 3 |
HCM
Hodges Capital Management
Dallas,
Texas
|
+$1.45M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$1.3M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$778K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$680K |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$672K |
| 3 |
WSL
Western Standard LLC
Los Angeles,
California
|
-$643K |
| 4 |
BFM
Boothbay Fund Management
New York
|
-$615K |
| 5 |
SAM
Soviero Asset Management
New York
|
-$490K |
PBPB Hedge Fund Activity: Q4 2024 in Review
114 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q4 2024, worth a combined $209M — up 19% from $176M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new PBPB positions and 13 closed out — a net gain of 5 holders — while 35 added to existing stakes and 34 trimmed.
The largest buyer was Marshall Wace, adding an estimated $1.57M. The largest seller was Millennium Management, cutting an estimated $680K.
- 114 institutional investors held Potbelly (PBPB) as of Q4 2024, up from 109 in Q3 2024.
- Funds reported $209M of Potbelly stock for Q4 2024, up 19% quarter-over-quarter.
- 18 funds opened new Potbelly positions in Q4 2024 and 13 closed out, a net change of +5 holders.
- The largest Potbelly buyer in Q4 2024 was Marshall Wace, an estimated $1.57M added.
- The largest Potbelly seller in Q4 2024 was Millennium Management, an estimated $680K sold.
Based on aggregated 13F filings for Q4 2024.