Potbelly
PBPB
PBPB was delisted on the 22nd of October, 2025.
103 hedge funds and large institutions have $141M invested in Potbelly in 2018 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 38 increasing their positions, 29 reducing their positions, and 18 closing their positions.
31% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 29
2% less funds holding
Funds holding: 105 → 103 (-2)
3.62% less ownership
Funds ownership: 74.31% → 70.69% (-3.6%)
11% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 18
17% less call options, than puts
Call options by funds: $508K | Put options by funds: $612K
39% less capital invested
Capital invested by funds: $233M → $141M (-$91.3M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAMCO Inc
New York
|
+$4.82M |
| 2 |
Millennium Management
New York
|
+$3.33M |
| 3 |
JP Morgan Chase
New York
|
+$2.89M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$1.32M |
| 5 |
Los Angeles Capital Management
Los Angeles,
California
|
+$1.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$20.3M |
| 2 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$2.9M |
| 3 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
-$2.05M |
| 4 |
Renaissance Technologies
New York
|
-$2.05M |
| 5 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$1.78M |
PBPB Hedge Fund Activity: Q4 2018 in Review
103 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q4 2018, worth a combined $141M — down 39% from $233M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of PBPB and 16 opened new positions — a net loss of 2 holders — while 29 trimmed existing stakes and 38 added.
The largest buyer was BAMCO Inc, opening a new position worth an estimated $4.82M. The largest seller was Morgan Stanley, cutting an estimated $20.3M.
- 103 institutional investors held Potbelly (PBPB) as of Q4 2018, down from 105 in Q3 2018.
- Funds reported $141M of Potbelly stock for Q4 2018, down 39% quarter-over-quarter.
- 16 funds opened new Potbelly positions in Q4 2018 and 18 closed out, a net change of -2 holders.
- The largest Potbelly buyer in Q4 2018 was BAMCO Inc, an estimated $4.82M added.
- The largest Potbelly seller in Q4 2018 was Morgan Stanley, an estimated $20.3M sold.
Based on aggregated 13F filings for Q4 2018.