Potbelly
PBPB
PBPB was delisted on the 22nd of October, 2025.
50 hedge funds and large institutions have $41.8M invested in Potbelly in 2020 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 7 increasing their positions, 21 reducing their positions, and 12 closing their positions.
79% more capital invested
Capital invested by funds: $23.4M → $41.8M (+$18.4M)
3.04% more ownership
Funds ownership: 43.14% → 46.19% (+3%)
7% less funds holding
Funds holding: 54 → 50 (-4)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
67% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Archon Capital Management
Seattle,
Washington
|
+$6.24M |
| 2 |
Morgan Stanley
New York
|
+$362K |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$279K |
| 4 |
GPCM
Granite Point Capital Management
Boston,
Massachusetts
|
+$264K |
| 5 |
Renaissance Technologies
New York
|
+$203K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$938K |
| 2 |
Millennium Management
New York
|
-$741K |
| 3 |
D.E. Shaw & Co
New York
|
-$607K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$558K |
| 5 |
Jane Street
New York
|
-$345K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Los Angeles Capital Management
Los Angeles,
California
| – | -$35K | -15,487 | Closed |
|
52
American Century Companies
Kansas City,
Missouri
| – | -$33K | -14,604 | Closed |
|
53
Wolverine Trading
Chicago,
Illinois
| – | -$31K | -12,986 | Closed |
|
|
VF
54
Virtu Financial
New York
| – | -$25K | -10,858 | Closed |
|
|
TRCT
55
Tower Research Capital (TRC)
New York
| – | -$27.2K | -7,700 | -100% |
|
56
Barclays
London,
United Kingdom
| – | -$13K | -5,720 | Closed |
|
|
PCM
57
Prelude Capital Management
New York
| – | -$7K | -3,215 | Closed |
|
58
Citigroup
New York
| – | -$812 | -230 | -81% |
|
|
FGA
59
Fortis Group Advisors
Westwood,
New Jersey
| – | +$71 | +20 | New |
|
PBPB Hedge Fund Activity: Q3 2020 in Review
50 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q3 2020, worth a combined $41.8M — up 79% from $23.4M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of PBPB and 8 opened new positions — a net loss of 4 holders — while 21 trimmed existing stakes and 7 added.
The largest buyer was Archon Capital Management, opening a new position worth an estimated $6.24M. The largest seller was Kennedy Capital Management, cutting an estimated $938K.
- 50 institutional investors held Potbelly (PBPB) as of Q3 2020, down from 54 in Q2 2020.
- Funds reported $41.8M of Potbelly stock for Q3 2020, up 79% quarter-over-quarter.
- 8 funds opened new Potbelly positions in Q3 2020 and 12 closed out, a net change of -4 holders.
- The largest Potbelly buyer in Q3 2020 was Archon Capital Management, an estimated $6.24M added.
- The largest Potbelly seller in Q3 2020 was Kennedy Capital Management, an estimated $938K sold.
Based on aggregated 13F filings for Q3 2020.