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PBPB

Potbelly
PBPB

Delisted

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

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1 hedge funds and large institutions have $16.3K invested in Potbelly in 2025 Q4 according to their latest regulatory filings, with 0 funds opening new positions, 0 increasing their positions, 0 reducing their positions, and 129 closing their positions.

New
Increased
Maintained
Reduced
Closed

85.44% less ownership

Funds ownership: 85.44% → 0% (-85%)

99% less funds holding

Funds holding: 132 → 1 (-131)

100% less funds holding in top 10

Funds holding in top 10: 3 → 0 (-3)

100% less capital invested

Capital invested by funds: $441M → $16.3K (-$441M)

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 129

Holders
1
Holders Change
-131
Holders Change %
-99.24%
% of All Funds
0.01%
Holding in Top 10
–
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-100%
% of All Funds
–
New
–
Increased
–
Reduced
–
Closed
129
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

No buyers this quarter

Top Sellers

Rank Fund Capital Flow
1
NIMC
Nierenberg Investment Management Company
Washington
-$50.8M
2
BlackRock
BlackRock
New York
-$34.2M
3
GCL
Glazer Capital LLC
New York
-$27.8M
4
Vanguard Group
Vanguard Group
Pennsylvania
-$24.7M
5
WIC
Water Island Capital
New York
-$23M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
26
Morgan Stanley
New York
– -$5.68M -333,313 Closed
Goldman Sachs
27
Goldman Sachs
New York
– -$4.42M -259,584 Closed
Northern Trust
28
Northern Trust
Illinois
– -$4.38M -257,096 Closed
Millennium Management
29
Millennium Management
New York
– -$4.17M -244,479 Closed
N
30
Nuveen
North Carolina
– -$3.78M -221,917 Closed
UBS Group
31
UBS Group
Switzerland
– -$3.46M -203,338 Closed
Assenagon Asset Management
32
Assenagon Asset Management
Luxembourg
– -$3.21M -188,560 Closed
Cerity Partners
33
Cerity Partners
New York
– -$3.17M -186,166 Closed
AQR Capital Management
34
AQR Capital Management
Connecticut
– -$2.46M -144,420 Closed
OBAM
35
ODDO BHF Asset Management
France
– -$2.01M -117,909 Closed
Jane Street
36
Jane Street
New York
– -$1.99M -116,883 Closed
VF
37
Virtu Financial
New York
– -$1.9M -111,453 Closed
MIM
38
Morningstar Investment Management
Illinois
– -$1.75M -102,917 Closed
CC
39
Centiva Capital
New York
– -$1.7M -100,000 Closed
Russell Investments Group
40
Russell Investments Group
United Kingdom
– -$1.65M -96,927 Closed
Allianz Asset Management
41
Allianz Asset Management
Germany
– -$1.49M -87,500 Closed
GLF
42
Groupe la Francaise
France
– -$1.4M -82,200 Closed
BCM
43
BCK Capital Management
Connecticut
– -$1.39M -81,610 Closed
First Trust Advisors
44
First Trust Advisors
Illinois
– -$1.37M -80,280 Closed
Charles Schwab
45
Charles Schwab
California
– -$1.29M -75,725 Closed
FA
46
Fortis Advisors
Pennsylvania
– -$1.19M -69,969 Closed
Bank of New York Mellon
47
Bank of New York Mellon
New York
– -$1.11M -65,151 Closed
CP
48
CenterBook Partners
Connecticut
– -$1.08M -63,406 Closed
Victory Capital Management
49
Victory Capital Management
Texas
– -$1.06M -62,000 Closed
CIEC
50
Crédit Industriel et Commercial
France
– -$1.05M -61,403 Closed
1
2
3 4 5

PBPB Hedge Fund Activity: Q4 2025 in Review

1 of the 8,225 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q4 2025, worth a combined $16.3K — down 100% from $441M a quarter earlier.

Sellers outnumbered buyers: 129 funds closed out of PBPB and 0 opened new positions — a net loss of 129 holders — while 0 trimmed existing stakes and 0 added.

The largest seller was Nierenberg Investment Management Company, exiting entirely with an estimated $50.8M sold.

  • 1 institutional investor held Potbelly (PBPB) as of Q4 2025, down from 132 in Q3 2025.
  • Funds reported $16.3K of Potbelly stock for Q4 2025, down 100% quarter-over-quarter.
  • 0 funds opened new Potbelly positions in Q4 2025 and 129 closed out, a net change of -129 holders.
  • The largest Potbelly seller in Q4 2025 was Nierenberg Investment Management Company, an estimated $50.8M sold.

Based on aggregated 13F filings for Q4 2025.