Potbelly
PBPB
PBPB was delisted on the 22nd of October, 2025.
132 hedge funds and large institutions have $230M invested in Potbelly in 2016 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 57 increasing their positions, 37 reducing their positions, and 13 closing their positions.
283% more call options, than puts
Call options by funds: $686K | Put options by funds: $179K
85% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 13
70.67% more ownership
Funds ownership: 0% → 70.67% (+71%)
54% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 37
8% more funds holding
Funds holding: 122 → 132 (+10)
4% more capital invested
Capital invested by funds: $222M → $230M (+$8.02M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$3.65M |
| 2 |
NC
Nicholas Company
Milwaukee,
Wisconsin
|
+$3.15M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$1.84M |
| 4 |
CLM
ClearBridge LLC (Maryland)
Baltimore,
Maryland
|
+$1.81M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.79M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
-$11.4M |
| 2 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
-$7.36M |
| 3 |
WHI
William Harris Investors
Chicago,
Illinois
|
-$4.82M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$2.85M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$1.29M |
PBPB Hedge Fund Activity: Q4 2016 in Review
132 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q4 2016, worth a combined $230M — up 3.6% from $222M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new PBPB positions and 13 closed out — a net gain of 11 holders — while 57 added to existing stakes and 37 trimmed.
The largest buyer was Millennium Management, adding an estimated $3.65M. The largest seller was Bank of New York Mellon, cutting an estimated $11.4M.
- 132 institutional investors held Potbelly (PBPB) as of Q4 2016, up from 122 in Q3 2016.
- Funds reported $230M of Potbelly stock for Q4 2016, up 3.6% quarter-over-quarter.
- 24 funds opened new Potbelly positions in Q4 2016 and 13 closed out, a net change of +11 holders.
- The largest Potbelly buyer in Q4 2016 was Millennium Management, an estimated $3.65M added.
- The largest Potbelly seller in Q4 2016 was Bank of New York Mellon, an estimated $11.4M sold.
Based on aggregated 13F filings for Q4 2016.