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Potbelly Corp

PBPBDelisted
Industry
Retail-Eating Places
SEC CIK
0001195734

Potbelly Corp was delisted in 2025; its insiders filed their last Form 4 on Oct 27, 2025; 132 institutions reported holding it in 13F filings for Q3 2025, worth $446.3M in total; Soros Fund Management was the only superinvestor holding it.

13F holders, Q3 2025

Institutional positions in Potbelly Corp as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

PBPB is no longer listed, so this page shows Q3 2025. 13F filings for later quarters list far fewer holders.

Institutional holders
132
+8 vs. Q2 2025
Shares held
25.9M
+2.45M (+10.5%) vs. Q2 2025
Total value
$440.6M
+$153.9M (+53.7%) vs. Q2 2025
New holders
45
35 more added
Sold out
37
32 more reduced

1 institution that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting PBPB on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ3 2025: 132 institutions
Q1 2021: 58 institutionsQ2 2021: 66 institutionsQ3 2021: 64 institutionsQ4 2021: 59 institutionsQ1 2022: 52 institutionsQ2 2022: 52 institutionsQ3 2022: 53 institutionsQ4 2022: 55 institutionsQ1 2023: 75 institutionsQ2 2023: 86 institutionsQ3 2023: 91 institutionsQ4 2023: 90 institutionsQ1 2024: 118 institutionsQ2 2024: 110 institutionsQ3 2024: 109 institutionsQ4 2024: 114 institutionsQ1 2025: 115 institutionsQ2 2025: 125 institutionsQ3 2025: 132 institutionsQ4 2025: 1 institutionQ1 2026: 0 institutionsQ2 2026: 0 institutions
Value heldQ3 2025: $446.3M
Q1 2021: $85.7MQ2 2021: $117.1MQ3 2021: $99.9MQ4 2021: $85.9MQ1 2022: $103.6MQ2 2022: $88.2MQ3 2022: $68.2MQ4 2022: $83.3MQ1 2023: $140.8MQ2 2023: $162.1MQ3 2023: $140.9MQ4 2023: $197.0MQ1 2024: $257.7MQ2 2024: $167.9MQ3 2024: $176.3MQ4 2024: $208.7MQ1 2025: $218.8MQ2 2025: $288.1MQ3 2025: $446.3MQ4 2025: $16.3KQ1 2026: $0Q2 2026: $0
Institutions holding PBPB and their total value by quarter
QuarterHoldersValue
Q2 20260$0
Q1 20260$0
Q4 20251$16.3K
Q3 2025132$446.3M
Q2 2025125$288.1M
Q1 2025115$218.8M
Q4 2024114$208.7M
Q3 2024109$176.3M
Q2 2024110$167.9M
Q1 2024118$257.7M
Q4 202390$197.0M
Q3 202391$140.9M
Q2 202386$162.1M
Q1 202375$140.8M
Q4 202255$83.3M
Q3 202253$68.2M
Q2 202252$88.2M
Q1 202252$103.6M
Q4 202159$85.9M
Q3 202164$99.9M
Q2 202166$117.1M
Q1 202158$85.7M

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding Potbelly Corp; share changes are against Q2 2025.

Institutions holding PBPB in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Nierenberg Investment Management Company, Inc.2,980,564$50.8M28.07%00.0%Unchanged
BlackRock, Inc.2,009,653$34.2M0.00%+115,451+6.1%Added
Glazer Capital, LLC1,631,301$27.8M0.93%+1,631,301New
Vanguard Group Inc1,450,355$24.7M0.00%+27,116+1.9%Added
Water Island Capital LLC1,351,588$23.0M3.30%+1,351,588New
FIL Ltd1,210,426$20.6M0.02%+1,210,426New
Balyasny Asset Management LLC1,150,782$19.6M0.04%+1,150,782New
Renaissance Technologies LLC1,112,954$19.0M0.03%−600−0.1%Reduced
Versor Investments LP1,057,265$18.0M3.32%+1,057,265New
Vivaldi Asset Management, LLC857,701$14.6M0.94%+857,701New
American Century Companies Inc613,554$10.5M0.01%+142,317+30.2%Added
Geode Capital Management, LLC612,785$10.4M0.00%+4,507+0.7%Added
Monimus Capital Management, LP582,325$9.92M7.38%−88,770−13.2%Reduced
State Street Corp526,332$8.97M0.00%+811+0.2%Added
Alpine Associates Management Inc.524,296$8.93M0.54%+524,296New
Arrowstreet Capital, Limited Partnership492,537$8.39M0.01%+46,757+10.5%Added
Gabelli Funds LLC444,300$7.57M0.05%+444,300New
Dimensional Fund Advisors LP429,743$7.32M0.00%−79,376−15.6%Reduced
Heartland Advisors Inc400,000$6.82M0.36%−365,700−47.8%Reduced
Gabelli & Co Investment Advisers, Inc.386,200$6.58M1.06%+386,200New
Qube Research & Technologies Ltd369,075$6.29M0.01%+342,055+1,265.9%Added
Bank of America Corp347,831$5.93M0.00%+261,554+303.2%Added
JPMorgan Chase & Co339,576$5.79M0.00%+327,437+2,697.4%Added
Punch & Associates Investment Management, Inc.338,779$5.77M0.33%−615,555−64.5%Reduced
Morgan Stanley333,313$5.68M0.00%+247,350+287.7%Added
Goldman Sachs Group Inc259,584$4.42M0.00%+198,464+324.7%Added
Northern Trust Corp257,096$4.38M0.00%−4,514−1.7%Reduced
Millennium Management LLC244,479$4.17M0.00%+215,131+733.0%Added
Nuveen, LLC221,917$3.78M0.00%−14,598−6.2%Reduced
UBS Group AG203,338$3.46M0.00%+157,617+344.7%Added
Assenagon Asset Management S.A.188,560$3.21M0.00%+127,588+209.3%Added
Cerity Partners LLC186,166$3.17M0.01%−22,558−10.8%Reduced
AQR Capital Management LLC144,420$2.46M0.00%+64,742+81.3%Added
Oddo BHF Asset Management SAS117,909$2.01M0.08%+117,909New
Jane Street Group, LLC116,883$1.99M0.00%+84,857+265.0%Added
Virtu Financial LLC111,453$1.90M0.11%+111,453New
Morningstar Investment Management LLC102,917$1.75M0.06%+102,917New
Centiva Capital, LP100,000$1.70M0.16%+100,000New
Russell Investments Group, Ltd.96,927$1.65M0.00%−153,792−61.3%Reduced
Allianz Asset Management GmbH87,500$1.49M0.00%+87,500New
Groupe la Francaise82,200$1.40M0.02%+82,200New
BCK Capital Management LP81,610$1.39M1.48%+81,610New
First Trust Advisors LP80,280$1.37M0.00%+80,280New
Charles Schwab Investment Management Inc75,725$1.29M0.00%00.0%Unchanged
Fortis Advisors, LLC69,969$1.19M0.68%00.0%Unchanged
Bank of New York Mellon Corp65,151$1.11M0.00%−1,411−2.1%Reduced
CenterBook Partners LP63,406$1.08M0.05%−191,577−75.1%Reduced
Victory Capital Management Inc62,000$1.06M0.00%−9,950−13.8%Reduced
Credit Industriel Et Commercial61,403$1.05M0.17%+61,403New
Panagora Asset Management Inc60,369$1.03M0.00%−26,109−30.2%Reduced
Abc Arbitrage SA59,987$1.02M0.10%+59,987New
Royal Bank of Canada57,076$972.0K0.00%−12,605−18.1%Reduced
Quantessence Capital LLC52,024$886.5K0.28%+52,024New
Prelude Capital Management, LLC44,312$755.1K0.06%+44,312New
Trexquant Investment LP44,065$750.9K0.01%−52,951−54.6%Reduced
Susquehanna International Group, LLP40,335$687.3K0.00%−20,463−33.7%Reduced
Citadel Advisors LLC38,969$664.0K0.00%−276,780−87.7%Reduced
Barclays PLC36,896$628.7K0.00%−9,202−20.0%Reduced
Oxford Asset Management LLP36,668$624.8K0.20%+36,668New
Rhumbline Advisers36,429$620.7K0.00%−1,580−4.2%Reduced
Squarepoint Ops LLC35,303$601.6K0.00%−37,866−51.8%Reduced
Sagefield Capital LP35,110$598.3K0.07%+35,110New
Verition Fund Management LLC30,758$524.1K0.00%+30,758New
Principal Financial Group Inc30,048$512.0K0.00%+30,048New
Gardner Lewis Asset Management L P26,196$446.4K0.12%+26,196New
State of Wyoming24,610$419.4K0.05%+18,674+314.6%Added
D. E. Shaw & Co., Inc.24,194$412.3K0.00%+24,194New
Soros Fund Management LLCSuperinvestorSoros Fund Management23,400$398.7K0.01%+23,400New
Franklin Resources Inc23,207$395.4K0.00%+3,594+18.3%Added
SG Americas Securities, LLC22,275$380.0K0.00%+22,275New
Skandinaviska Enskilda Banken AB (publ)22,253$379.2K0.00%+22,253New
Invesco Ltd.21,546$367.1K0.00%−5,392−20.0%Reduced
Orchard Capital Managment, LLC20,888$355.9K0.47%00.0%Unchanged
Stephens Inc20,098$342.5K0.00%−5,000−19.9%Reduced
Quinn Opportunity Partners LLC20,000$340.8K0.02%−29,703−59.8%Reduced
Point72 Asia (Singapore) Pte. Ltd.18,977$323.4K0.05%+18,977New
LPL Financial LLC18,917$322.3K0.00%−440−2.3%Reduced
XTX Topco Ltd17,714$301.8K0.02%−3,239−15.5%Reduced
Kovitz Investment Group Partners, LLC17,707$301.7K0.00%+313+1.8%Added
Deutsche Bank AG17,059$290.7K0.00%00.0%Unchanged
Quantinno Capital Management LP17,044$290.4K0.00%+5,995+54.3%Added
Divisadero Street Capital Management, LP17,000$289.7K0.01%00.0%Unchanged
Wells Fargo & Company16,155$275.3K0.00%+2,564+18.9%Added
MetLife Investment Management15,142$258.0K0.00%00.0%Unchanged
Price T Rowe Associates Inc13,483$230.0K0.00%+699+5.5%Added
Guggenheim Capital LLC12,522$213.4K0.00%+12,522New
AdvisorShares Investments LLC12,500$213.0K0.03%+4,000+47.1%Added
Mirae Asset Global ETFs Holdings Ltd.11,667$198.8K0.00%−2,312−16.5%Reduced
Alliancebernstein L.P.11,170$190.3K0.00%00.0%Unchanged
PenderFund Capital Management Ltd.10,900$185.7K0.03%+10,900New
Zacks Investment Management10,827$184.5K0.00%00.0%Unchanged
FMR LLC10,505$179.0K0.00%+565+5.7%Added
Wolverine Asset Management LLC10,316$175.8K0.00%+10,316New
Commonwealth of Pennsylvania Public School Empls Retrmt Sys10,000$170.4K0.00%+10,000New
New York State Common Retirement Fund8,520$145.2K0.00%+7,600+826.1%Added
Police & Firemen's Retirement System of New Jersey8,048$137.1K0.00%+2,217+38.0%Added
Salem Investment Counselors Inc5,239$89.3K0.00%00.0%Unchanged
BNP Paribas Arbitrage, SA4,996$85.1K0.00%+2,464+97.3%Added
CWM, LLC4,130$70.0K0.00%+2,857+224.4%Added
Advisory Services Network, LLC3,500$59.6K0.00%+3,500New