Potbelly
PBPB
PBPB was delisted on the 22nd of October, 2025.
115 hedge funds and large institutions have $219M invested in Potbelly in 2025 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 40 increasing their positions, 37 reducing their positions, and 14 closing their positions.
257% more call options, than puts
Call options by funds: $1.08M | Put options by funds: $303K
8% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 37
7% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 14
5% more capital invested
Capital invested by funds: $209M → $219M (+$10.1M)
1% more funds holding
Funds holding: 114 → 115 (+1)
0.59% more ownership
Funds ownership: 73.94% → 74.54% (+0.59%)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
+$5.12M |
| 2 |
WSL
Western Standard LLC
Los Angeles,
California
|
+$4.1M |
| 3 |
CP
CenterBook Partners
Greenwich,
Connecticut
|
+$3.34M |
| 4 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$3.21M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$2.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$4.97M |
| 2 |
Millennium Management
New York
|
-$3.35M |
| 3 |
HCM
Hodges Capital Management
Dallas,
Texas
|
-$3.34M |
| 4 |
First Eagle Investment Management
New York
|
-$1.78M |
| 5 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
-$1.74M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Simplex Trading
Chicago,
Illinois
| – | -$55.1K | -4,986 | Closed |
|
|
VWM
127
Venturi Wealth Management
Austin,
Texas
| – | -$5.16K | -548 | Closed |
|
|
PD
128
Point72 (DIFC)
Dubai,
United Arab Emirates
| – | -$3.13K | -332 | Closed |
|
129
Jones Financial Companies
Des Peres,
Missouri
| – | -$1.88K | -200 | Closed |
|
PBPB Hedge Fund Activity: Q1 2025 in Review
115 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q1 2025, worth a combined $219M — up 4.8% from $209M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new PBPB positions and 14 closed out — a net gain of 1 holder — while 40 added to existing stakes and 37 trimmed.
The largest buyer was Next Century Growth Investors, adding an estimated $5.12M. The largest seller was Punch & Associates Investment Management, cutting an estimated $4.97M.
- 115 institutional investors held Potbelly (PBPB) as of Q1 2025, up from 114 in Q4 2024.
- Funds reported $219M of Potbelly stock for Q1 2025, up 4.8% quarter-over-quarter.
- 15 funds opened new Potbelly positions in Q1 2025 and 14 closed out, a net change of +1 holder.
- The largest Potbelly buyer in Q1 2025 was Next Century Growth Investors, an estimated $5.12M added.
- The largest Potbelly seller in Q1 2025 was Punch & Associates Investment Management, an estimated $4.97M sold.
Based on aggregated 13F filings for Q1 2025.