Potbelly
PBPB
PBPB was delisted on the 22nd of October, 2025.
82 hedge funds and large institutions have $73.7M invested in Potbelly in 2019 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 22 increasing their positions, 31 reducing their positions, and 31 closing their positions.
11.29% less ownership
Funds ownership: 71.77% → 60.48% (-11%)
18% less call options, than puts
Call options by funds: $76K | Put options by funds: $93K
20% less funds holding
Funds holding: 103 → 82 (-21)
29% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 31
50% less capital invested
Capital invested by funds: $148M → $73.7M (-$73.8M)
61% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECM
Engine Capital Management
New York
|
+$1.97M |
| 2 |
JP Morgan Chase
New York
|
+$982K |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$961K |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$939K |
| 5 |
FM
Fondren Management
Houston,
Texas
|
+$781K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
-$8.22M |
| 2 |
BAMCO Inc
New York
|
-$5.11M |
| 3 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
-$3.2M |
| 4 |
NC
Nicholas Company
Milwaukee,
Wisconsin
|
-$3.18M |
| 5 |
William Blair & Company
Chicago,
Illinois
|
-$1.23M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
101
Tower Research Capital (TRC)
New York
| – | -$84K | -9,931 | Closed |
|
|
PCM
102
Prelude Capital Management
New York
| – | -$32K | -3,789 | Closed |
|
|
SI
103
Stephens Inc
Little Rock,
Arkansas
| – | -$26K | -3,000 | Closed |
|
104
Zurich Cantonal Bank
Zurich,
Switzerland
| – | -$14K | -1,666 | Closed |
|
105
Asset Management One
Tokyo,
Japan
| – | -$13K | -1,500 | Closed |
|
|
NSIM
106
North Star Investment Management
Chicago,
Illinois
| – | -$9K | -1,100 | Closed |
|
|
FGAM
107
Financial Gravity Asset Management
Lakeway,
Texas
| – | -$4K | -500 | Closed |
|
108
Simplex Trading
Chicago,
Illinois
| – | -$2.71K | -399 | -92% |
|
|
MFW
109
Mosaic Family Wealth
St. Louis,
Missouri
| – | -$2K | -200 | Closed |
|
PBPB Hedge Fund Activity: Q2 2019 in Review
82 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q2 2019, worth a combined $73.7M — down 50% from $148M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of PBPB and 12 opened new positions — a net loss of 19 holders — while 31 trimmed existing stakes and 22 added.
The largest buyer was Engine Capital Management, adding an estimated $1.97M. The largest seller was Stephens Investment Management Group, exiting entirely with an estimated $8.22M sold.
- 82 institutional investors held Potbelly (PBPB) as of Q2 2019, down from 103 in Q1 2019.
- Funds reported $73.7M of Potbelly stock for Q2 2019, down 50% quarter-over-quarter.
- 12 funds opened new Potbelly positions in Q2 2019 and 31 closed out, a net change of -19 holders.
- The largest Potbelly buyer in Q2 2019 was Engine Capital Management, an estimated $1.97M added.
- The largest Potbelly seller in Q2 2019 was Stephens Investment Management Group, an estimated $8.22M sold.
Based on aggregated 13F filings for Q2 2019.