Potbelly
PBPB
PBPB was delisted on the 22nd of October, 2025.
64 hedge funds and large institutions have $99.9M invested in Potbelly in 2021 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 25 reducing their positions, and 10 closing their positions.
169% more call options, than puts
Call options by funds: $113K | Put options by funds: $42K
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.89% less ownership
Funds ownership: 53% → 52.11% (-0.89%)
3% less funds holding
Funds holding: 66 → 64 (-2)
15% less capital invested
Capital invested by funds: $117M → $99.9M (-$17.2M)
20% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 10
48% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$3.68M |
| 2 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$1.87M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$1.01M |
| 4 |
NIMC
Nierenberg Investment Management Company
Camas,
Washington
|
+$682K |
| 5 |
ACM
Archon Capital Management
Seattle,
Washington
|
+$539K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$1.7M |
| 2 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$1.43M |
| 3 |
EI
EAM Investors
Solana Beach,
California
|
-$1.42M |
| 4 |
SAM
Soviero Asset Management
New York
|
-$1.04M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$827K |
PBPB Hedge Fund Activity: Q3 2021 in Review
64 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q3 2021, worth a combined $99.9M — down 15% from $117M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of PBPB and 8 opened new positions — a net loss of 2 holders — while 25 trimmed existing stakes and 13 added.
The largest buyer was Punch & Associates Investment Management, adding an estimated $3.68M. The largest seller was Ancora Advisors, cutting an estimated $1.7M.
- 64 institutional investors held Potbelly (PBPB) as of Q3 2021, down from 66 in Q2 2021.
- Funds reported $99.9M of Potbelly stock for Q3 2021, down 15% quarter-over-quarter.
- 8 funds opened new Potbelly positions in Q3 2021 and 10 closed out, a net change of -2 holders.
- The largest Potbelly buyer in Q3 2021 was Punch & Associates Investment Management, an estimated $3.68M added.
- The largest Potbelly seller in Q3 2021 was Ancora Advisors, an estimated $1.7M sold.
Based on aggregated 13F filings for Q3 2021.