Potbelly
PBPB
PBPB was delisted on the 22nd of October, 2025.
102 hedge funds and large institutions have $237M invested in Potbelly in 2018 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 33 increasing their positions, 26 reducing their positions, and 12 closing their positions.
52% more call options, than puts
Call options by funds: $1.18M | Put options by funds: $779K
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
27% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 26
17% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 12
10% more capital invested
Capital invested by funds: $215M → $237M (+$22.2M)
2% more funds holding
Funds holding: 100 → 102 (+2)
0.85% more ownership
Funds ownership: 71.13% → 71.98% (+0.85%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
+$3.05M |
| 2 |
Millennium Management
New York
|
+$1.99M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.76M |
| 4 |
Renaissance Technologies
New York
|
+$1.69M |
| 5 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$1.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.24M |
| 2 |
Alyeska Investment Group
Chicago,
Illinois
|
-$3.51M |
| 3 |
ECM
Engine Capital Management
New York
|
-$1.07M |
| 4 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
-$1.03M |
| 5 |
AIM
Alambic Investment Management
Belvedere,
California
|
-$733K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ECM
101
Engine Capital Management
New York
| – | -$1.07M | -88,842 | Closed |
|
102
Ameriprise
Minneapolis,
Minnesota
| – | -$368K | -30,500 | Closed |
|
|
BCM
103
BlueCrest Capital Management
St Helier,
Jersey
| – | -$280K | -23,196 | Closed |
|
|
KPF
104
K2 Principal Fund
Toronto,
Ontario, Canada
| – | -$210K | -17,439 | Closed |
|
|
VF
105
Virtu Financial
New York
| – | -$186K | -15,407 | Closed |
|
106
Acadian Asset Management
Boston,
Massachusetts
| – | -$151K | -12,570 | Closed |
|
107
HighTower Advisors
Chicago,
Illinois
| – | -$130K | -10,785 | Closed |
|
108
Walleye Trading
New York
| – | -$30.9K | -2,457 | Closed |
|
|
CG
109
Cutler Group
San Francisco,
California
| – | -$10K | -900 | Closed |
|
|
VFA
110
Valeo Financial Advisors
Carmel,
Indiana
| – | -$10K | -800 | Closed |
|
|
AA
111
AlphaMark Advisors
Ft. Wright,
Kentucky
| – | -$5K | -400 | Closed |
|
|
DBT
112
Dubuque Bank & Trust
Dubuque,
Iowa
| – | -$2K | -196 | Closed |
|
|
FA
113
Fortis Advisors
Wayne,
Pennsylvania
| – | -$113 | -9 | -90% |
|
PBPB Hedge Fund Activity: Q2 2018 in Review
102 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q2 2018, worth a combined $237M — up 10% from $215M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new PBPB positions and 12 closed out — a net gain of 2 holders — while 33 added to existing stakes and 26 trimmed.
The largest buyer was Stephens Investment Management Group, adding an estimated $3.05M. The largest seller was Morgan Stanley, cutting an estimated $5.24M.
- 102 institutional investors held Potbelly (PBPB) as of Q2 2018, up from 100 in Q1 2018.
- Funds reported $237M of Potbelly stock for Q2 2018, up 10% quarter-over-quarter.
- 14 funds opened new Potbelly positions in Q2 2018 and 12 closed out, a net change of +2 holders.
- The largest Potbelly buyer in Q2 2018 was Stephens Investment Management Group, an estimated $3.05M added.
- The largest Potbelly seller in Q2 2018 was Morgan Stanley, an estimated $5.24M sold.
Based on aggregated 13F filings for Q2 2018.