Potbelly
PBPB
PBPB was delisted on the 22nd of October, 2025.
54 hedge funds and large institutions have $23.4M invested in Potbelly in 2020 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 11 increasing their positions, 19 reducing their positions, and 24 closing their positions.
191% more call options, than puts
Call options by funds: $157K | Put options by funds: $54K
12.18% less ownership
Funds ownership: 55.32% → 43.14% (-12%)
16% less funds holding
Funds holding: 64 → 54 (-10)
42% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 24
42% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 19
43% less capital invested
Capital invested by funds: $41.2M → $23.4M (-$17.8M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWS
AJ Wealth Strategies
New York
|
+$1.02M |
| 2 |
Millennium Management
New York
|
+$891K |
| 3 |
Morgan Stanley
New York
|
+$442K |
| 4 |
Jane Street
New York
|
+$414K |
| 5 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$384K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$2.93M |
| 2 |
BRF
B. Riley Financial
Los Angeles,
California
|
-$2.46M |
| 3 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$1.6M |
| 4 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$1.3M |
| 5 |
State Street
Boston,
Massachusetts
|
-$1.14M |
PBPB Hedge Fund Activity: Q2 2020 in Review
54 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q2 2020, worth a combined $23.4M — down 43% from $41.2M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of PBPB and 14 opened new positions — a net loss of 10 holders — while 19 trimmed existing stakes and 11 added.
The largest buyer was AJ Wealth Strategies, opening a new position worth an estimated $1.02M. The largest seller was BlackRock, cutting an estimated $2.93M.
- 54 institutional investors held Potbelly (PBPB) as of Q2 2020, down from 64 in Q1 2020.
- Funds reported $23.4M of Potbelly stock for Q2 2020, down 43% quarter-over-quarter.
- 14 funds opened new Potbelly positions in Q2 2020 and 24 closed out, a net change of -10 holders.
- The largest Potbelly buyer in Q2 2020 was AJ Wealth Strategies, an estimated $1.02M added.
- The largest Potbelly seller in Q2 2020 was BlackRock, an estimated $2.93M sold.
Based on aggregated 13F filings for Q2 2020.