Potbelly
PBPB
PBPB was delisted on the 22nd of October, 2025.
117 hedge funds and large institutions have $198M invested in Potbelly in 2015 Q2 according to their latest regulatory filings, with 29 funds opening new positions, 48 increasing their positions, 26 reducing their positions, and 20 closing their positions.
85% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 26
58% more call options, than puts
Call options by funds: $4.24M | Put options by funds: $2.68M
45% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 20
7% more funds holding
Funds holding: 109 → 117 (+8)
4% less capital invested
Capital invested by funds: $207M → $198M (-$8.12M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Scopus Asset Management
New York
|
+$3.51M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.85M |
| 3 |
Renaissance Technologies
New York
|
+$2.72M |
| 4 |
RHJA
Rice Hall James & Associates
San Diego,
California
|
+$2.51M |
| 5 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
+$2.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$4.11M |
| 2 |
Millennium Management
New York
|
-$2.91M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
-$2.04M |
| 4 |
CM
Castleark Management
Chicago,
Illinois
|
-$1.95M |
| 5 |
ZIG
Zuckerman Investment Group
Chicago,
Illinois
|
-$1.51M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SOMRS
126
State of Michigan Retirement System
Lansing,
Michigan
| – | -$385K | -28,132 | Closed |
|
|
CCM
127
Cadence Capital Management
Boston,
Massachusetts
| – | -$315K | -22,960 | Closed |
|
|
SIM
128
Spark Investment Management
New York
| – | -$284K | -20,800 | Closed |
|
129
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$186K | -13,238 | Closed |
|
|
BP
130
BBR Partners
New York
| – | -$173K | -12,618 | Closed |
|
|
ASP
131
Adams Street Partners
Chicago,
Illinois
| – | -$165K | -12,056 | Closed |
|
132
AllianceBernstein
Nashville,
Tennessee
| – | -$47K | -3,400 | Closed |
|
|
RFC
133
Russell Frank Company
Seattle,
Washington
| – | -$20K | -1,439 | Closed |
|
|
DSC
134
Duncker Streett & Co
St. Louis,
Missouri
| – | -$4K | -312 | Closed |
|
135
Point72 Asset Management
Stamford,
Connecticut
| – | -$1K | -100 | Closed |
|
|
EFSCE
136
Enterprise Financial Services Corp (EFSC)
Clayton,
Missouri
| – | -$1K | -76 | Closed |
|
PBPB Hedge Fund Activity: Q2 2015 in Review
117 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q2 2015, worth a combined $198M — down 3.9% from $207M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new PBPB positions and 20 closed out — a net gain of 9 holders — while 48 added to existing stakes and 26 trimmed.
The largest buyer was Scopus Asset Management, opening a new position worth an estimated $3.51M. The largest seller was Polar Asset Management Partners, exiting entirely with an estimated $4.11M sold.
- 117 institutional investors held Potbelly (PBPB) as of Q2 2015, up from 109 in Q1 2015.
- Funds reported $198M of Potbelly stock for Q2 2015, down 3.9% quarter-over-quarter.
- 29 funds opened new Potbelly positions in Q2 2015 and 20 closed out, a net change of +9 holders.
- The largest Potbelly buyer in Q2 2015 was Scopus Asset Management, an estimated $3.51M added.
- The largest Potbelly seller in Q2 2015 was Polar Asset Management Partners, an estimated $4.11M sold.
Based on aggregated 13F filings for Q2 2015.