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Potbelly Corp

PBPBDelisted Oct 23, 2025
Industry
Retail-Eating Places
SEC CIK
0001195734

Potbelly Corp was delisted on Oct 23, 2025; its insiders filed their last Form 4 on Oct 27, 2025; 132 institutions reported holding it in 13F filings for Q3 2025, worth $440.6M in total; Soros Fund Management was the only superinvestor holding it.

13F holders, Q3 2022

Institutional positions in Potbelly Corp as of Sep 30, 2022. 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

Institutional holders
53
+1 vs. Q2 2022
Shares held
14.7M
−893.7K (−5.7%) vs. Q2 2022
Total value
$68.2M
−$20.0M (−22.7%) vs. Q2 2022
New holders
9
15 more added
Sold out
8
10 more reduced

Compare with Q2 2022: 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 2022: 53 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 2022: $68.2M
Q1 2021: $85.7MQ2 2021: $117.1MQ3 2021: $99.9MQ4 2021: $85.2MQ1 2022: $103.6MQ2 2022: $88.2MQ3 2022: $68.2MQ4 2022: $83.3MQ1 2023: $140.8MQ2 2023: $162.1MQ3 2023: $140.9MQ4 2023: $195.7MQ1 2024: $254.1MQ2 2024: $167.6MQ3 2024: $175.7MQ4 2024: $208.7MQ1 2025: $208.9MQ2 2025: $287.3MQ3 2025: $440.6MQ4 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$440.6M
Q2 2025125$287.3M
Q1 2025115$208.9M
Q4 2024114$208.7M
Q3 2024109$175.7M
Q2 2024110$167.6M
Q1 2024118$254.1M
Q4 202390$195.7M
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$85.2M
Q3 202164$99.9M
Q2 202166$117.1M
Q1 202158$85.7M

Institutions, Q3 2022

Shares, value and share of portfolio for each institution holding Potbelly Corp; share changes are against Q2 2022.

Institutions holding PBPB in Q3 2022
InstitutionSharesValue% of portfolioChange in sharesAction
Nierenberg Investment Management Company, Inc.2,689,860$12.2M10.12%+166,589+6.6%Added
Archon Capital Management LLC2,325,509$10.5M4.35%00.0%Unchanged
Soviero Asset Management, LP1,350,000$7.63M2.83%00.0%Unchanged
Renaissance Technologies LLC1,528,054$6.92M0.01%−32,400−2.1%Reduced
Punch & Associates Investment Management, Inc.1,238,570$5.61M0.39%+1,175+0.1%Added
Vanguard Group Inc1,008,374$4.57M0.00%00.0%Unchanged
Ancora Advisors, LLC632,320$2.86M0.09%−758,807−54.5%Reduced
Heartland Advisors Inc600,000$2.72M0.20%+51,237+9.3%Added
BlackRock Inc.469,684$2.13M0.00%−26,665−5.4%Reduced
Dimensional Fund Advisors LP444,464$2.01M0.00%−94,418−17.5%Reduced
Aj Wealth Strategies, LLC371,197$1.68M0.10%00.0%Unchanged
First Eagle Investment Management, LLC346,469$1.57M0.00%+63,153+22.3%Added
Geode Capital Management, LLC215,417$975.0K0.00%00.0%Unchanged
Russell Investments Group, Ltd.198,292$896.0K0.00%+675+0.3%Added
Millennium Management LLC141,554$641.0K0.00%+141,554New
Victory Capital Management Inc135,500$614.0K0.00%+6,500+5.0%Added
Boothbay Fund Management, LLC124,454$564.0K0.02%+124,454New
Bridgeway Capital Management, LLC113,600$515.0K0.01%00.0%Unchanged
American Financial Group Inc100,000$453.0K0.16%00.0%Unchanged
Susquehanna International Group, LLP94,699$429.0K0.00%+65,582+225.2%Added
State Street Corp84,149$381.0K0.00%−18,579−18.1%Reduced
Fortis Advisors, LLC69,969$317.0K0.23%−10.0%Reduced
Quantum Financial Advisors, LLC63,178$286.0K0.13%00.0%Unchanged
Boston Partners61,352$278.0K0.00%+675+1.1%Added
Northern Trust Corp39,025$177.0K0.00%00.0%Unchanged
Orchard Capital Managment, LLC32,425$147.0K0.05%00.0%Unchanged
Tower Research Capital LLC (TRC)27,267$124.0K0.00%+9,205+51.0%Added
Assenagon Asset Management S.A.27,147$123.0K0.00%+1,591+6.2%Added
Stephens Inc25,185$114.0K0.00%00.0%Unchanged
Commonwealth Equity Services, LLC24,550$111.0K0.00%00.0%Unchanged
Acadian Asset Management LLC21,044$94.0K0.00%+21,044New
Qube Research & Technologies Ltd20,403$92.0K0.00%+4,460+28.0%Added
Bank of New York Mellon Corp16,560$75.0K0.00%00.0%Unchanged
Citadel Advisors LLC15,611$71.0K0.00%+15,611New
Gofen & Glossberg LLC15,000$68.0K0.00%00.0%Unchanged
O'Shaughnessy Asset Management, LLC13,954$63.0K0.00%+13,954New
Morgan Stanley9,362$42.0K0.00%+1,371+17.2%Added
Simplex Trading, LLC5,536$25.0K0.00%+5,536New
Salem Investment Counselors Inc5,239$24.0K0.00%00.0%Unchanged
IFP Advisors, Inc900$12.0K0.00%00.0%Unchanged
Strengthening Families & Communities, LLC2,000$9.00K0.00%+2,000New
FMR LLC1,969$8.00K0.00%+1,650+517.2%Added
North Star Investment Management Corp.1,000$5.00K0.00%00.0%Unchanged
Trust Co of Vermont1,000$5.00K0.00%+1,000New
UBS Group AG785$3.00K0.00%−1,213−60.7%Reduced
Dark Forest Capital Management LP684$3.00K0.00%+684New
Advisor Group Holdings, Inc.600$2.00K0.00%−50−7.7%Reduced
Wells Fargo & Company157$1.00K0.00%+5+3.3%Added
Federated Hermes, Inc.257$1.00K0.00%−7−2.7%Reduced
JPMorgan Chase & Co25$00.00%−297−92.2%Reduced
Bank of America Corp63$00.00%00.0%Unchanged
Royal Bank of Canada75$00.00%+25+50.0%Added
Parallel Advisors, LLC4$00.00%00.0%Unchanged
Hotchkis & Wiley Capital Management LLC0$00.00%−383,014−100.0%Sold out
Hudson Bay Capital Management LP0$00.00%−131,757−100.0%Sold out
D. E. Shaw & Co., Inc.0$00.00%−71,740−100.0%Sold out
Ameriprise Financial Inc0$00.00%−48,200−100.0%Sold out
SEI Investments Co0$00.00%−18,400−100.0%Sold out
Group One Trading, L.P.0$00.00%−7,622−100.0%Sold out
Captrust Financial Advisors0$00.00%−150−100.0%Sold out
BNP Paribas Arbitrage, SA0$00.00%−145−100.0%Sold out