Potbelly
PBPB
PBPB was delisted on the 22nd of October, 2025.
52 hedge funds and large institutions have $104M invested in Potbelly in 2022 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 14 increasing their positions, 16 reducing their positions, and 9 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
22% more capital invested
Capital invested by funds: $85.2M → $104M (+$18.4M)
0.66% more ownership
Funds ownership: 53.12% → 53.78% (+0.66%)
12% less funds holding
Funds holding: 59 → 52 (-7)
13% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 16
78% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 9
89% less call options, than puts
Call options by funds: $1K | Put options by funds: $9K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NIMC
Nierenberg Investment Management Company
Camas,
Washington
|
+$1.17M |
| 2 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
+$611K |
| 3 |
First Eagle Investment Management
New York
|
+$564K |
| 4 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$516K |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$355K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$521K |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
-$509K |
| 3 |
AWP
Abacus Wealth Partners
Santa Monica,
California
|
-$279K |
| 4 |
Renaissance Technologies
New York
|
-$259K |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$247K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Jacobs Levy Equity Management
Florham Park,
New Jersey
| – | -$521K | -93,411 | Closed |
|
|
AWP
52
Abacus Wealth Partners
Santa Monica,
California
| – | -$279K | -50,042 | Closed |
|
53
Invesco
Atlanta,
Georgia
| – | -$228K | -40,850 | Closed |
|
54
Truist Financial
Charlotte,
North Carolina
| – | -$72K | -12,970 | Closed |
|
|
OQS
55
Occudo Quantitative Strategies
Fort Lauderdale,
Florida
| – | -$61K | -10,899 | Closed |
|
56
Millennium Management
New York
| – | -$61K | -10,892 | Closed |
|
|
ACM
57
Aquatic Capital Management
Chicago,
Illinois
| – | -$12K | -2,100 | Closed |
|
58
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$1K | -169 | Closed |
|
PBPB Hedge Fund Activity: Q1 2022 in Review
52 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q1 2022, worth a combined $104M — up 22% from $85.2M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of PBPB and 2 opened new positions — a net loss of 7 holders — while 16 trimmed existing stakes and 14 added.
The largest buyer was Nierenberg Investment Management Company, adding an estimated $1.17M. The largest seller was Jacobs Levy Equity Management, exiting entirely with an estimated $521K sold.
- 52 institutional investors held Potbelly (PBPB) as of Q1 2022, down from 59 in Q4 2021.
- Funds reported $104M of Potbelly stock for Q1 2022, up 22% quarter-over-quarter.
- 2 funds opened new Potbelly positions in Q1 2022 and 9 closed out, a net change of -7 holders.
- The largest Potbelly buyer in Q1 2022 was Nierenberg Investment Management Company, an estimated $1.17M added.
- The largest Potbelly seller in Q1 2022 was Jacobs Levy Equity Management, an estimated $521K sold.
Based on aggregated 13F filings for Q1 2022.