Potbelly
PBPB
PBPB was delisted on the 22nd of October, 2025.
74 hedge funds and large institutions have $58.5M invested in Potbelly in 2019 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 20 increasing their positions, 28 reducing their positions, and 18 closing their positions.
1,077% more call options, than puts
Call options by funds: $1.35M | Put options by funds: $115K
4.11% less ownership
Funds ownership: 60.48% → 56.38% (-4.1%)
10% less funds holding
Funds holding: 82 → 74 (-8)
21% less capital invested
Capital invested by funds: $73.7M → $58.5M (-$15.2M)
29% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 28
39% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$1.62M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$1.28M |
| 3 |
FM
Fondren Management
Houston,
Texas
|
+$1.1M |
| 4 |
PAPAIJV
Paragon Associates & Paragon Associates II Joint Venture
Dallas,
Texas
|
+$689K |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$224K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
3CP
3G Capital Partners
New York
|
-$4.45M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.05M |
| 3 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$783K |
| 4 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
-$509K |
| 5 |
MSL
Mackay Shields LLC
New York
|
-$466K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
SG Americas Securities
New York
| – | -$389K | -76,403 | Closed |
|
77
Two Sigma Advisers
New York
| – | -$363K | -71,400 | Closed |
|
|
MAM
78
Martingale Asset Management
Boston,
Massachusetts
| – | -$324K | -63,500 | Closed |
|
|
PC
79
PA Capital
Richmond,
Virginia
| – | -$318K | -62,554 | Closed |
|
80
Two Sigma Investments
New York
| – | -$194K | -38,200 | Closed |
|
81
Bessemer Group
Woodbridge,
New Jersey
| – | -$183K | -36,000 | Closed |
|
|
JC
82
JBF Capital
Aspen,
Colorado
| – | -$108K | -21,200 | Closed |
|
83
Squarepoint
New York
| – | -$87K | -17,100 | Closed |
|
84
Walleye Trading
New York
| – | -$67K | -13,170 | Closed |
|
85
Marshall Wace
London,
United Kingdom
| – | -$66K | -12,888 | Closed |
|
86
Walleye Capital
New York
| – | -$61K | -11,972 | Closed |
|
|
CG
87
Cutler Group
San Francisco,
California
| – | -$15K | -3,100 | Closed |
|
|
AG
88
Aperio Group
Sausalito,
California
| – | -$5K | -925 | Closed |
|
|
CAW
89
Cornerstone Advisors (Washington)
Bellevue,
Washington
| – | -$1K | -228 | Closed |
|
90
Simplex Trading
Chicago,
Illinois
| – | -$148 | -33 | Closed |
|
PBPB Hedge Fund Activity: Q3 2019 in Review
74 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q3 2019, worth a combined $58.5M — down 21% from $73.7M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of PBPB and 11 opened new positions — a net loss of 7 holders — while 28 trimmed existing stakes and 20 added.
The largest buyer was Fuller & Thaler Asset Management, adding an estimated $1.62M. The largest seller was 3G Capital Partners, exiting entirely with an estimated $4.45M sold.
- 74 institutional investors held Potbelly (PBPB) as of Q3 2019, down from 82 in Q2 2019.
- Funds reported $58.5M of Potbelly stock for Q3 2019, down 21% quarter-over-quarter.
- 11 funds opened new Potbelly positions in Q3 2019 and 18 closed out, a net change of -7 holders.
- The largest Potbelly buyer in Q3 2019 was Fuller & Thaler Asset Management, an estimated $1.62M added.
- The largest Potbelly seller in Q3 2019 was 3G Capital Partners, an estimated $4.45M sold.
Based on aggregated 13F filings for Q3 2019.