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PBPB

Potbelly
PBPB

Delisted

PBPB was delisted on the 22nd of October, 2025.

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1 hedge funds and large institutions have $16.3K invested in Potbelly in 2025 Q4 according to their latest regulatory filings, with 0 funds opening new positions, 0 increasing their positions, 0 reducing their positions, and 129 closing their positions.

New
Increased
Maintained
Reduced
Closed

85.44% less ownership

Funds ownership: 85.44% → 0% (-85%)

99% less funds holding

Funds holding: 132 → 1 (-131)

100% less funds holding in top 10

Funds holding in top 10: 3 → 0 (-3)

100% less capital invested

Capital invested by funds: $441M → $16.3K (-$441M)

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 129

Holders
1
Holders Change
-131
Holders Change %
-99.24%
% of All Funds
0.01%
Holding in Top 10
–
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-100%
% of All Funds
–
New
–
Increased
–
Reduced
–
Closed
129
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

No buyers this quarter

Top Sellers

Rank Fund Capital Flow
1
NIMC
Nierenberg Investment Management Company
Washington
-$50.8M
2
BlackRock
BlackRock
New York
-$34.2M
3
GCL
Glazer Capital LLC
New York
-$27.8M
4
Vanguard Group
Vanguard Group
Pennsylvania
-$24.7M
5
WIC
Water Island Capital
New York
-$23M
Name Holding Trade Value Shares
Change 		Change in
Stake
IA
1
IFP Advisors
Florida
$16.3K – – –
NIMC
2
Nierenberg Investment Management Company
Washington
– -$50.8M -2,980,564 Closed
BlackRock
3
BlackRock
New York
– -$34.2M -2,009,653 Closed
GCL
4
Glazer Capital LLC
New York
– -$27.8M -1,631,301 Closed
Vanguard Group
5
Vanguard Group
Pennsylvania
– -$24.7M -1,450,355 Closed
WIC
6
Water Island Capital
New York
– -$23M -1,351,588 Closed
Fidelity International
7
Fidelity International
Bermuda
– -$20.6M -1,210,426 Closed
Balyasny Asset Management
8
Balyasny Asset Management
Illinois
– -$19.6M -1,150,782 Closed
Renaissance Technologies
9
Renaissance Technologies
New York
– -$19M -1,112,954 Closed
VI
10
Versor Investments
New York
– -$18M -1,057,265 Closed
FTCM
11
First Trust Capital Management
Illinois
– -$14.6M -857,701 Closed
American Century Companies
12
American Century Companies
Missouri
– -$10.5M -613,554 Closed
Geode Capital Management
13
Geode Capital Management
Massachusetts
– -$10.4M -612,785 Closed
MCM
14
Monimus Capital Management
New Jersey
– -$9.92M -582,325 Closed
State Street
15
State Street
Massachusetts
– -$8.97M -526,332 Closed
AAM
16
Alpine Associates Management
Florida
– -$8.93M -524,296 Closed
Arrowstreet Capital
17
Arrowstreet Capital
Massachusetts
– -$8.39M -492,537 Closed
GF
18
Gabelli Funds
New York
– -$7.57M -444,300 Closed
Dimensional Fund Advisors
19
Dimensional Fund Advisors
Texas
– -$7.32M -429,743 Closed
HA
20
Heartland Advisors
Wisconsin
– -$6.82M -400,000 Closed
GCIA
21
Gabelli & Co Investment Advisers
New York
– -$6.58M -386,200 Closed
Qube Research & Technologies (QRT)
22
Qube Research & Technologies (QRT)
United Kingdom
– -$6.29M -369,075 Closed
Bank of America
23
Bank of America
North Carolina
– -$5.93M -347,831 Closed
JP Morgan Chase
24
JP Morgan Chase
New York
– -$5.79M -339,576 Closed
PAIM
25
Punch & Associates Investment Management
Minnesota
– -$5.77M -338,779 Closed
1
2 3 4 5

PBPB Hedge Fund Activity: Q4 2025 in Review

1 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Potbelly (PBPB) for Q4 2025, worth a combined $16.3K — down 100% from $441M a quarter earlier.

Sellers outnumbered buyers: 129 funds closed out of PBPB and 0 opened new positions — a net loss of 129 holders — while 0 trimmed existing stakes and 0 added.

The largest seller was Nierenberg Investment Management Company, exiting entirely with an estimated $50.8M sold.

  • 1 institutional investor held Potbelly (PBPB) as of Q4 2025, down from 132 in Q3 2025.
  • Funds reported $16.3K of Potbelly stock for Q4 2025, down 100% quarter-over-quarter.
  • 0 funds opened new Potbelly positions in Q4 2025 and 129 closed out, a net change of -129 holders.
  • The largest Potbelly seller in Q4 2025 was Nierenberg Investment Management Company, an estimated $50.8M sold.

Based on aggregated 13F filings for Q4 2025.