Potbelly
PBPB
PBPB was delisted on the 22nd of October, 2025.
76 hedge funds and large institutions have $61.1M invested in Potbelly in 2019 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 24 increasing their positions, 22 reducing their positions, and 11 closing their positions.
43% more call options, than puts
Call options by funds: $368K | Put options by funds: $257K
18% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 11
4.58% more ownership
Funds ownership: 56.38% → 60.96% (+4.6%)
3% more funds holding
Funds holding: 74 → 76 (+2)
9% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 22
5% more capital invested
Capital invested by funds: $58.5M → $61.1M (+$2.65M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRF
B. Riley Financial
Los Angeles,
California
|
+$1.96M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$1.09M |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$997K |
| 4 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$613K |
| 5 |
Goldman Sachs
New York
|
+$526K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECM
Engine Capital Management
New York
|
-$1.51M |
| 2 |
FM
Fondren Management
Houston,
Texas
|
-$1.27M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$697K |
| 4 |
PAPAIJV
Paragon Associates & Paragon Associates II Joint Venture
Dallas,
Texas
|
-$668K |
| 5 |
JP Morgan Chase
New York
|
-$272K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Millennium Management
New York
| – | -$62K | -14,271 | Closed |
|
|
ES
77
Equitec Specialists
Chicago,
Illinois
| – | -$26K | -5,900 | Closed |
|
|
TRCT
78
Tower Research Capital (TRC)
New York
| – | -$23K | -5,406 | Closed |
|
79
Victory Capital Management
San Antonio,
Texas
| – | -$18K | -4,053 | Closed |
|
|
ASN
80
Advisory Services Network
Atlanta,
Georgia
| – | -$12K | -2,453 | Closed |
|
|
QT
81
Quantamental Technologies
White Plains,
New York
| – | -$10K | -2,345 | Closed |
|
|
MAM
82
Meeder Asset Management
Dublin,
Ohio
| – | -$7K | -1,558 | Closed |
|
|
AG
83
Advisor Group
Phoenix,
Arizona
| – | -$1K | -200 | Closed |
|
84
Simplex Trading
Chicago,
Illinois
| – | +$637 | +146 | New |
|
|
HWM
85
Howard Wealth Management
Madison,
Connecticut
| – | +$698 | +160 | New |
|
PBPB Hedge Fund Activity: Q4 2019 in Review
76 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q4 2019, worth a combined $61.1M — up 4.5% from $58.5M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new PBPB positions and 11 closed out — a net gain of 2 holders — while 24 added to existing stakes and 22 trimmed.
The largest buyer was B. Riley Financial, opening a new position worth an estimated $1.96M. The largest seller was Engine Capital Management, cutting an estimated $1.51M.
- 76 institutional investors held Potbelly (PBPB) as of Q4 2019, up from 74 in Q3 2019.
- Funds reported $61.1M of Potbelly stock for Q4 2019, up 4.5% quarter-over-quarter.
- 13 funds opened new Potbelly positions in Q4 2019 and 11 closed out, a net change of +2 holders.
- The largest Potbelly buyer in Q4 2019 was B. Riley Financial, an estimated $1.96M added.
- The largest Potbelly seller in Q4 2019 was Engine Capital Management, an estimated $1.51M sold.
Based on aggregated 13F filings for Q4 2019.