Potbelly
PBPB
PBPB was delisted on the 22nd of October, 2025.
64 hedge funds and large institutions have $42M invested in Potbelly in 2020 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 22 reducing their positions, and 19 closing their positions.
367% more call options, than puts
Call options by funds: $243K | Put options by funds: $52K
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4.58% less ownership
Funds ownership: 60.96% → 56.38% (-4.6%)
14% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 22
16% less funds holding
Funds holding: 76 → 64 (-12)
31% less capital invested
Capital invested by funds: $61.1M → $42M (-$19.1M)
58% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$2.11M |
| 2 |
BRF
B. Riley Financial
Los Angeles,
California
|
+$1.43M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$941K |
| 4 |
Goldman Sachs
New York
|
+$337K |
| 5 |
Los Angeles Capital Management
Los Angeles,
California
|
+$238K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
-$2.31M |
| 2 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$1.17M |
| 3 |
D.E. Shaw & Co
New York
|
-$881K |
| 4 |
DG
Dumont Global
New York
|
-$851K |
| 5 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
-$593K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EGM
76
Engineers Gate Manager
New York
| – | -$86K | -20,436 | Closed |
|
|
ARTA
77
A.R.T. Advisors
New York
| – | -$78K | -18,568 | Closed |
|
78
Squarepoint
New York
| – | -$45K | -10,655 | Closed |
|
79
US Bancorp
Minneapolis,
Minnesota
| – | -$3K | -567 | Closed |
|
|
GWS
80
Glassman Wealth Services
Vienna,
Virginia
| – | +$310 | +75 | New |
|
PBPB Hedge Fund Activity: Q1 2020 in Review
64 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q1 2020, worth a combined $42M — down 31% from $61.1M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of PBPB and 8 opened new positions — a net loss of 11 holders — while 22 trimmed existing stakes and 19 added.
The largest buyer was Victory Capital Management, opening a new position worth an estimated $2.11M. The largest seller was Confluence Investment Management, exiting entirely with an estimated $2.31M sold.
- 64 institutional investors held Potbelly (PBPB) as of Q1 2020, down from 76 in Q4 2019.
- Funds reported $42M of Potbelly stock for Q1 2020, down 31% quarter-over-quarter.
- 8 funds opened new Potbelly positions in Q1 2020 and 19 closed out, a net change of -11 holders.
- The largest Potbelly buyer in Q1 2020 was Victory Capital Management, an estimated $2.11M added.
- The largest Potbelly seller in Q1 2020 was Confluence Investment Management, an estimated $2.31M sold.
Based on aggregated 13F filings for Q1 2020.