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Livermore
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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, Q1 2023

Institutional positions in Potbelly Corp as of Mar 31, 2023. 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
75
+21 vs. Q4 2022
Shares held
16.8M
+1.89M (+12.6%) vs. Q4 2022
Total value
$140.8M
+$57.6M (+69.2%) vs. Q4 2022
New holders
27
26 more added
Sold out
6
6 more reduced

1 institution that held it in Q4 2022 haven't filed for Q1 2023 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 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 holdersQ1 2023: 75 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 heldQ1 2023: $140.8M
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, Q1 2023

Shares, value and share of portfolio for each institution holding Potbelly Corp; share changes are against Q4 2022.

Institutions holding PBPB in Q1 2023
InstitutionSharesValue% of portfolioChange in sharesAction
Nierenberg Investment Management Company, Inc.2,709,860$22.6M17.02%00.0%Unchanged
Archon Capital Management LLC2,325,509$19.4M6.87%00.0%Unchanged
Renaissance Technologies LLC1,601,647$13.3M0.02%+133,293+9.1%Added
Soviero Asset Management, LP1,432,030$11.9M6.05%+12,030+0.8%Added
Punch & Associates Investment Management, Inc.1,320,110$11.0M0.71%+42,027+3.3%Added
Vanguard Group Inc1,297,231$10.8M0.00%+278,488+27.3%Added
Heartland Advisors Inc884,800$7.37M0.46%+84,800+10.6%Added
Dimensional Fund Advisors LP512,211$4.27M0.00%+81,125+18.8%Added
First Eagle Investment Management, LLC483,836$4.03M0.01%+9,788+2.1%Added
BlackRock Inc.476,936$3.97M0.00%+1,890+0.4%Added
Millennium Management LLC461,684$3.85M0.00%+340,166+279.9%Added
Aj Wealth Strategies, LLC322,507$2.69M0.14%−1,265−0.4%Reduced
Hillsdale Investment Management Inc.261,680$2.18M0.19%+261,680New
Geode Capital Management, LLC227,820$1.90M0.00%+9,359+4.3%Added
Assenagon Asset Management S.A.205,232$1.71M0.01%+178,085+656.0%Added
EAM Investors, LLC204,561$1.70M0.33%+204,561New
Susquehanna International Group, LLP194,264$1.62M0.00%+108,342+126.1%Added
Marshall Wace, LLP192,338$1.60M0.00%+192,338New
Acadian Asset Management LLC136,262$1.13M0.00%+115,218+547.5%Added
Jane Street Group, LLC129,000$1.07M0.00%+107,542+501.2%Added
Citadel Advisors LLC121,107$1.01M0.00%+96,139+385.0%Added
Bridgeway Capital Management, LLC113,600$946.3K0.03%00.0%Unchanged
American Financial Group Inc100,000$833.0K0.26%00.0%Unchanged
State Street Corp96,936$807.5K0.00%+12,787+15.2%Added
Victory Capital Management Inc93,300$777.2K0.00%−36,761−28.3%Reduced
Goldman Sachs Group Inc91,162$759.4K0.00%+91,162New
Man Group plc–$649.4K0.00%–New
Morgan Stanley73,117$609.1K0.00%+53,425+271.3%Added
Fortis Advisors, LLC69,969$582.8K0.38%00.0%Unchanged
Raffles Associates LP55,460$462.0K0.63%−4,450−7.4%Reduced
HRT Financial LP44,293$368.0K0.00%+44,293New
Northern Trust Corp42,870$357.1K0.00%+2,142+5.3%Added
Qube Research & Technologies Ltd42,861$357.0K0.00%+21,024+96.3%Added
Orchard Capital Managment, LLC32,425$270.1K0.09%00.0%Unchanged
Connor, Clark & Lunn Investment Management Ltd.32,242$268.6K0.00%+20,727+180.0%Added
Engineers Gate Manager LP30,297$252.4K0.01%+30,297New
Bank of America Corp29,385$244.8K0.00%+29,355+97,850.0%Added
Jump Financial, LLC26,697$222.4K0.01%+26,697New
Arrowstreet Capital, Limited Partnership25,629$213.0K0.00%+25,629New
Stephens Inc25,185$209.8K0.00%00.0%Unchanged
Commonwealth Equity Services, LLC24,550$204.0K0.00%00.0%Unchanged
Walleye Capital LLC24,406$203.3K0.00%+24,406New
Occudo Quantitative Strategies LP24,325$202.6K0.02%+24,325New
Cubist Systematic Strategies, LLC21,415$178.4K0.00%+21,415New
Belvedere Trading LLC17,626$146.8K0.06%+17,626New
LMR Partners LLP17,444$145.3K0.00%+17,444New
O'Shaughnessy Asset Management, LLC17,365$144.7K0.00%+4,596+36.0%Added
Boothbay Fund Management, LLC17,342$144.5K0.00%+17,342New
Quadrature Capital Ltd17,300$144.1K0.00%+17,300New
Schonfeld Strategic Advisors LLC14,599$121.6K0.00%+14,599New
Squarepoint Ops LLC13,478$112.3K0.00%+13,478New
Bank of New York Mellon Corp12,971$108.0K0.00%+12,971New
CI Private Wealth, LLC12,269$102.2K0.00%00.0%Unchanged
Charles Schwab Investment Management Inc11,690$97.4K0.00%+11,690New
Jefferies Financial Group Inc.11,167$93.0K0.00%+11,167New
Barclays PLC10,482$87.3K0.00%+10,482New
Point72 Asset Management, L.P.5,540$46.1K0.00%+5,540New
Salem Investment Counselors Inc5,239$43.6K0.00%00.0%Unchanged
Point72 Middle East FZE4,905$40.9K0.00%+4,905New
Tower Research Capital LLC (TRC)2,589$22.0K0.00%−26,470−91.1%Reduced
Dorsey Wright & Associates2,609$21.7K0.01%+2,609New
Federated Hermes, Inc.2,178$18.1K0.00%+1,529+235.6%Added
JPMorgan Chase & Co2,127$18.0K0.00%+2,102+8,408.0%Added
IFP Advisors, Inc900$11.9K0.00%00.0%Unchanged
Royal Bank of Canada972$9.00K0.00%+922+1,844.0%Added
North Star Investment Management Corp.1,000$8.33K0.00%00.0%Unchanged
Quarry LP979$8.15K0.00%+979New
Dark Forest Capital Management LP862$7.18K0.00%−403−31.9%Reduced
UBS Group AG765$6.37K0.00%−20−2.5%Reduced
Advisor Group Holdings, Inc.500$4.17K0.00%00.0%Unchanged
FMR LLC319$2.66K0.00%00.0%Unchanged
Larson Financial Group LLC176$1.47K0.00%00.0%Unchanged
Wells Fargo & Company163$1.36K0.00%+2+1.2%Added
Citigroup Inc7$580.00%+7New
Parallel Advisors, LLC4$330.00%00.0%Unchanged
Ancora Advisors, LLC0$00.00%−631,267−100.0%Sold out
Russell Investments Group, Ltd.0$00.00%−190,558−100.0%Sold out
Boston Partners0$00.00%−61,352−100.0%Sold out
Stifel Financial Corp0$00.00%−10,000−100.0%Sold out
Money Concepts Capital Corp0$00.00%−2,000−100.0%Sold out
Simplex Trading, LLC0$00.00%−400−100.0%Sold out
Gofen & Glossberg LLC––––Not filed