Potbelly
PBPB
PBPB was delisted on the 22nd of October, 2025.
110 hedge funds and large institutions have $200M invested in Potbelly in 2015 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 45 increasing their positions, 28 reducing their positions, and 26 closing their positions.
68% more call options, than puts
Call options by funds: $918K | Put options by funds: $548K
61% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 28
1% more capital invested
Capital invested by funds: $198M → $200M (+$1.85M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
6% less funds holding
Funds holding: 117 → 110 (-7)
23% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AR
Advisory Research
Chicago,
Illinois
|
+$9.21M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
+$5.63M |
| 3 |
Renaissance Technologies
New York
|
+$4.73M |
| 4 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$4.55M |
| 5 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
+$3.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZIG
Zuckerman Investment Group
Chicago,
Illinois
|
-$6.42M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$6.08M |
| 3 |
CM
Castleark Management
Chicago,
Illinois
|
-$3.4M |
| 4 |
SAM
Scopus Asset Management
New York
|
-$3.06M |
| 5 |
Franklin Resources
San Mateo,
California
|
-$2.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
LPL Financial
San Diego,
California
| – | -$125K | -10,035 | Closed |
|
127
Acadian Asset Management
Boston,
Massachusetts
| – | -$91K | -7,432 | Closed |
|
|
JG
128
Jefferies Group
New York
| – | -$51K | -4,159 | Closed |
|
|
PG
129
PEAK6 Group
Chicago,
Illinois
| – | -$36K | -2,905 | Closed |
|
130
Walleye Trading
New York
| – | -$32.3K | -2,695 | Closed |
|
131
Parallax Volatility Advisers
San Francisco,
California
| – | -$20.6K | -1,721 | Closed |
|
|
MFS
132
MSI Financial Services
Springfield,
Massachusetts
| – | -$17K | -1,350 | Closed |
|
|
TRCT
133
Tower Research Capital (TRC)
New York
| – | -$13K | -1,089 | Closed |
|
134
Invesco
Atlanta,
Georgia
| – | -$6K | -498 | Closed |
|
135
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$1K | -77 | Closed |
|
PBPB Hedge Fund Activity: Q3 2015 in Review
110 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q3 2015, worth a combined $200M — up 0.93% from $198M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of PBPB and 20 opened new positions — a net loss of 6 holders — while 28 trimmed existing stakes and 45 added.
The largest buyer was Advisory Research, adding an estimated $9.21M. The largest seller was Zuckerman Investment Group, cutting an estimated $6.42M.
- 110 institutional investors held Potbelly (PBPB) as of Q3 2015, down from 117 in Q2 2015.
- Funds reported $200M of Potbelly stock for Q3 2015, up 0.93% quarter-over-quarter.
- 20 funds opened new Potbelly positions in Q3 2015 and 26 closed out, a net change of -6 holders.
- The largest Potbelly buyer in Q3 2015 was Advisory Research, an estimated $9.21M added.
- The largest Potbelly seller in Q3 2015 was Zuckerman Investment Group, an estimated $6.42M sold.
Based on aggregated 13F filings for Q3 2015.