Potbelly
PBPB
PBPB was delisted on the 22nd of October, 2025.
126 hedge funds and large institutions have $255M invested in Potbelly in 2017 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 61 increasing their positions, 31 reducing their positions, and 14 closing their positions.
97% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 31
11% more capital invested
Capital invested by funds: $230M → $255M (+$25M)
2.57% more ownership
Funds ownership: 70.67% → 73.24% (+2.6%)
7% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 14
5% less funds holding
Funds holding: 132 → 126 (-6)
83% less call options, than puts
Call options by funds: $483K | Put options by funds: $2.85M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$20.8M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$3.72M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.37M |
| 4 |
TCM
Tributary Capital Management
Omaha,
Nebraska
|
+$2.04M |
| 5 |
NI
Numeric Investors
Boston,
Massachusetts
|
+$1.87M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HAI
Hennessy Advisors Inc
Novato,
California
|
-$3.95M |
| 2 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$1.75M |
| 3 |
Millennium Management
New York
|
-$1.5M |
| 4 |
SIM
Spark Investment Management
New York
|
-$1.48M |
| 5 |
AR
Advisory Research
Chicago,
Illinois
|
-$1.45M |
PBPB Hedge Fund Activity: Q1 2017 in Review
126 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q1 2017, worth a combined $255M — up 11% from $230M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new PBPB positions and 14 closed out — a net gain of 1 holder — while 61 added to existing stakes and 31 trimmed.
The largest buyer was BlackRock, adding an estimated $20.8M. The largest seller was Hennessy Advisors Inc, exiting entirely with an estimated $3.95M sold.
- 126 institutional investors held Potbelly (PBPB) as of Q1 2017, down from 132 in Q4 2016.
- Funds reported $255M of Potbelly stock for Q1 2017, up 11% quarter-over-quarter.
- 15 funds opened new Potbelly positions in Q1 2017 and 14 closed out, a net change of +1 holder.
- The largest Potbelly buyer in Q1 2017 was BlackRock, an estimated $20.8M added.
- The largest Potbelly seller in Q1 2017 was Hennessy Advisors Inc, an estimated $3.95M sold.
Based on aggregated 13F filings for Q1 2017.