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PBPB

Potbelly
PBPB

Delisted

PBPB was delisted on the 22nd of October, 2025.

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1 hedge funds and large institutions have $16.3K invested in Potbelly in 2025 Q4 according to their latest regulatory filings, with 0 funds opening new positions, 0 increasing their positions, 0 reducing their positions, and 129 closing their positions.

New
Increased
Maintained
Reduced
Closed

85.44% less ownership

Funds ownership: 85.44% → 0% (-85%)

99% less funds holding

Funds holding: 132 → 1 (-131)

100% less funds holding in top 10

Funds holding in top 10: 3 → 0 (-3)

100% less capital invested

Capital invested by funds: $441M → $16.3K (-$441M)

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 129

Holders
1
Holders Change
-131
Holders Change %
-99.24%
% of All Funds
0.01%
Holding in Top 10
–
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-100%
% of All Funds
–
New
–
Increased
–
Reduced
–
Closed
129
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

No buyers this quarter

Top Sellers

Rank Fund Capital Flow
1
NIMC
Nierenberg Investment Management Company
Washington
-$50.8M
2
BlackRock
BlackRock
New York
-$34.2M
3
GCL
Glazer Capital LLC
New York
-$27.8M
4
Vanguard Group
Vanguard Group
Pennsylvania
-$24.7M
5
WIC
Water Island Capital
New York
-$23M
Name Holding Trade Value Shares
Change 		Change in
Stake
QOP
76
Quinn Opportunity Partners
Virginia
– -$341K -20,000 Closed
LPL Financial
77
LPL Financial
California
– -$322K -18,917 Closed
XT
78
XTX Topco
Cayman Islands
– -$302K -17,714 Closed
Kovitz Investment Group Partners
79
Kovitz Investment Group Partners
Illinois
– -$302K -17,707 Closed
Deutsche Bank
80
Deutsche Bank
Germany
– -$291K -17,059 Closed
QCM
81
Quantinno Capital Management
New York
– -$290K -17,044 Closed
DSCM
82
Divisadero Street Capital Management
Florida
– -$290K -17,000 Closed
Wells Fargo
83
Wells Fargo
California
– -$275K -16,155 Closed
MIM
84
MetLife Investment Management
New Jersey
– -$258K -15,142 Closed
T. Rowe Price Associates
85
T. Rowe Price Associates
Maryland
– -$230K -13,483 Closed
GC
86
Guggenheim Capital
Illinois
– -$213K -12,522 Closed
AI
87
AdvisorShares Investments
Maryland
– -$213K -12,500 Closed
Mirae Asset Global ETFs Holdings
88
Mirae Asset Global ETFs Holdings
Hong Kong
– -$199K -11,667 Closed
AllianceBernstein
89
AllianceBernstein
Tennessee
– -$190K -11,170 Closed
PCM
90
PenderFund Capital Management
British Columbia, Canada
– -$186K -10,900 Closed
ZIM
91
Zacks Investment Management
Illinois
– -$184K -10,827 Closed
Fidelity Investments
92
Fidelity Investments
Massachusetts
– -$179K -10,505 Closed
WAM
93
Wolverine Asset Management
Illinois
– -$176K -10,316 Closed
COPPSERS
94
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
– -$170K -10,000 Closed
New York State Common Retirement Fund
95
New York State Common Retirement Fund
New York
– -$145K -8,520 Closed
PFSRSONJ
96
Police & Firemen's Retirement System of New Jersey
New Jersey
– -$137K -8,048 Closed
SIC
97
Salem Investment Counselors
North Carolina
– -$89.3K -5,239 Closed
BNP Paribas Financial Markets
98
BNP Paribas Financial Markets
France
– -$85.1K -4,996 Closed
Carson Wealth (CWM LLC)
99
Carson Wealth (CWM LLC)
Nebraska
– -$70K -4,130 Closed
ASN
100
Advisory Services Network
Georgia
– -$59.6K -3,500 Closed
2 3
4
5 6

PBPB Hedge Fund Activity: Q4 2025 in Review

1 of the 8,225 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q4 2025, worth a combined $16.3K — down 100% from $441M a quarter earlier.

Sellers outnumbered buyers: 129 funds closed out of PBPB and 0 opened new positions — a net loss of 129 holders — while 0 trimmed existing stakes and 0 added.

The largest seller was Nierenberg Investment Management Company, exiting entirely with an estimated $50.8M sold.

  • 1 institutional investor held Potbelly (PBPB) as of Q4 2025, down from 132 in Q3 2025.
  • Funds reported $16.3K of Potbelly stock for Q4 2025, down 100% quarter-over-quarter.
  • 0 funds opened new Potbelly positions in Q4 2025 and 129 closed out, a net change of -129 holders.
  • The largest Potbelly seller in Q4 2025 was Nierenberg Investment Management Company, an estimated $50.8M sold.

Based on aggregated 13F filings for Q4 2025.