Potbelly
PBPB
PBPB was delisted on the 22nd of October, 2025.
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.
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
Top Buyers
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NIMC
Nierenberg Investment Management Company
Camas,
Washington
|
-$50.8M |
| 2 |
BlackRock
New York
|
-$34.2M |
| 3 |
GCL
Glazer Capital LLC
New York
|
-$27.8M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$24.7M |
| 5 |
WIC
Water Island Capital
New York
|
-$23M |
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.