Potbelly
PBPB
PBPB was delisted on the 22nd of October, 2025.
86 hedge funds and large institutions have $162M invested in Potbelly in 2023 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 32 increasing their positions, 15 reducing their positions, and 15 closing their positions.
341% more call options, than puts
Call options by funds: $715K | Put options by funds: $162K
113% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 15
80% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 15
16% more funds holding
Funds holding: 74 → 86 (+12)
15% more capital invested
Capital invested by funds: $141M → $162M (+$21.5M)
5.15% more ownership
Funds ownership: 58.18% → 63.33% (+5.1%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$9.81M |
| 2 |
State Street
Boston,
Massachusetts
|
+$2.45M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$2.14M |
| 4 |
AR
Advisory Research
Chicago,
Illinois
|
+$1.72M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$1.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Archon Capital Management
Seattle,
Washington
|
-$9.35M |
| 2 |
EI
EAM Investors
Solana Beach,
California
|
-$1.7M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.59M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.2M |
| 5 |
Jane Street
New York
|
-$1.07M |
PBPB Hedge Fund Activity: Q2 2023 in Review
86 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q2 2023, worth a combined $162M — up 15% from $141M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new PBPB positions and 15 closed out — a net gain of 12 holders — while 32 added to existing stakes and 15 trimmed.
The largest buyer was BlackRock, adding an estimated $9.81M. The largest seller was Archon Capital Management, cutting an estimated $9.35M.
- 86 institutional investors held Potbelly (PBPB) as of Q2 2023, up from 74 in Q1 2023.
- Funds reported $162M of Potbelly stock for Q2 2023, up 15% quarter-over-quarter.
- 27 funds opened new Potbelly positions in Q2 2023 and 15 closed out, a net change of +12 holders.
- The largest Potbelly buyer in Q2 2023 was BlackRock, an estimated $9.81M added.
- The largest Potbelly seller in Q2 2023 was Archon Capital Management, an estimated $9.35M sold.
Based on aggregated 13F filings for Q2 2023.