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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, Q2 2023

Institutional positions in Potbelly Corp as of Jun 30, 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
86
+11 vs. Q1 2023
Shares held
18.5M
+1.63M (+9.7%) vs. Q1 2023
Total value
$162.1M
+$21.3M (+15.1%) vs. Q1 2023
New holders
26
32 more added
Sold out
15
15 more reduced

Compare with Q1 2023: 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 holdersQ2 2023: 86 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 heldQ2 2023: $162.1M
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, Q2 2023

Shares, value and share of portfolio for each institution holding Potbelly Corp; share changes are against Q1 2023.

Institutions holding PBPB in Q2 2023
InstitutionSharesValue% of portfolioChange in sharesAction
Nierenberg Investment Management Company, Inc.2,709,860$23.8M16.28%00.0%Unchanged
Renaissance Technologies LLC1,625,954$14.3M0.02%+24,307+1.5%Added
BlackRock Inc.1,594,190$14.0M0.00%+1,117,254+234.3%Added
Soviero Asset Management, LP1,563,830$13.7M6.82%+131,800+9.2%Added
Punch & Associates Investment Management, Inc.1,315,510$11.6M0.70%−4,600−0.3%Reduced
Archon Capital Management LLC1,260,654$11.1M4.02%−1,064,855−45.8%Reduced
Vanguard Group Inc1,160,696$10.2M0.00%−136,535−10.5%Reduced
Heartland Advisors Inc961,900$8.45M0.48%+77,100+8.7%Added
First Eagle Investment Management, LLC564,753$4.96M0.01%+80,917+16.7%Added
Dimensional Fund Advisors LP554,118$4.87M0.00%+41,907+8.2%Added
Geode Capital Management, LLC471,647$4.14M0.00%+243,827+107.0%Added
Millennium Management LLC469,705$4.12M0.00%+8,021+1.7%Added
State Street Corp375,982$3.30M0.00%+279,046+287.9%Added
Hillsdale Investment Management Inc.375,129$3.29M0.30%+113,449+43.4%Added
Aj Wealth Strategies, LLC292,752$2.57M0.12%−29,755−9.2%Reduced
Acadian Asset Management LLC229,639$2.01M0.01%+93,377+68.5%Added
Northern Trust Corp216,196$1.90M0.00%+173,326+404.3%Added
Arrowstreet Capital, Limited Partnership206,290$1.81M0.00%+180,661+704.9%Added
Marshall Wace, LLP206,021$1.81M0.00%+13,683+7.1%Added
Assenagon Asset Management S.A.198,112$1.74M0.01%−7,120−3.5%Reduced
Advisory Research Inc195,483$1.72M0.22%+195,483New
Two Sigma Investments, LP163,025$1.43M0.00%+163,025New
Bridgeway Capital Management, LLC113,600$997.4K0.02%00.0%Unchanged
American Financial Group Inc100,000$878.0K0.27%00.0%Unchanged
Nuveen Asset Management, LLC97,254$853.9K0.00%+97,254New
Raffles Associates LP92,960$816.2K1.10%+37,500+67.6%Added
Morgan Stanley87,095$764.7K0.00%+13,978+19.1%Added
Man Group plc82,276$722.4K0.00%––
Two Sigma Advisers, LP79,700$699.8K0.00%+79,700New
Connor, Clark & Lunn Investment Management Ltd.73,830$648.2K0.00%+41,588+129.0%Added
Bank of New York Mellon Corp72,822$639.4K0.00%+59,851+461.4%Added
Victory Capital Management Inc71,943$631.7K0.00%−21,357−22.9%Reduced
Charles Schwab Investment Management Inc71,357$626.5K0.00%+59,667+510.4%Added
Fortis Advisors, LLC69,969$614.3K0.44%00.0%Unchanged
Walleye Capital LLC66,861$587.0K0.01%+42,455+174.0%Added
Citadel Advisors LLC57,753$507.1K0.00%−63,354−52.3%Reduced
Engineers Gate Manager LP52,836$463.9K0.02%+22,539+74.4%Added
Campbell & CO Investment Adviser LLC34,722$304.9K0.05%+34,722New
Orchard Capital Managment, LLC32,425$284.7K0.10%00.0%Unchanged
JPMorgan Chase & Co28,975$254.4K0.00%+26,848+1,262.2%Added
O'Shaughnessy Asset Management, LLC26,222$230.2K0.00%+8,857+51.0%Added
Stephens Inc25,185$221.1K0.00%00.0%Unchanged
Cubist Systematic Strategies, LLC24,897$218.6K0.00%+3,482+16.3%Added
Occudo Quantitative Strategies LP24,883$218.5K0.02%+558+2.3%Added
Commonwealth Equity Services, LLC24,550$216.0K0.00%00.0%Unchanged
Rhumbline Advisers23,352$205.0K0.00%+23,352New
American Century Companies Inc20,476$179.8K0.00%+20,476New
XTX Topco Ltd19,054$167.3K0.03%+19,054New
BNP Paribas Arbitrage, SA17,845$156.7K0.00%+17,845New
UBS Group AG16,021$140.7K0.00%+15,256+1,994.2%Added
Jump Financial, LLC15,600$137.0K0.01%−11,097−41.6%Reduced
Ergoteles LLC14,426$126.7K0.01%+14,426New
Belvedere Trading LLC14,406$126.5K0.04%−3,220−18.3%Reduced
Mirae Asset Global Investments Co., Ltd.14,278$125.4K0.00%+14,278New
MetLife Investment Management13,924$122.3K0.00%+13,924New
Invesco Ltd.13,328$117.0K0.00%+13,328New
Susquehanna International Group, LLP13,107$115.1K0.00%−181,157−93.3%Reduced
American International Group, Inc.12,564$110.3K0.00%+12,564New
New York State Common Retirement Fund12,200$107.1K0.00%+12,200New
Ritholtz Wealth Management11,714$102.8K0.00%+11,714New
Voya Investment Management LLC11,131$97.7K0.00%+11,131New
Manufacturers Life Insurance Company, The11,075$97.2K0.00%+11,075New
Wells Fargo & Company10,877$95.5K0.00%+10,714+6,573.0%Added
CI Private Wealth, LLC10,000$87.8K0.00%−2,269−18.5%Reduced
California State Teachers Retirement System8,683$76.2K0.00%+8,683New
Quantbot Technologies LP7,846$68.9K0.00%+7,846New
Citigroup Inc7,771$68.2K0.00%+7,764+110,914.3%Added
Salem Investment Counselors Inc5,239$46.0K0.00%00.0%Unchanged
Barclays PLC5,229$45.9K0.00%−5,253−50.1%Reduced
Amalgamated Bank3,957$35.0K0.00%+3,957New
Bank of America Corp3,604$31.6K0.00%−25,781−87.7%Reduced
Legal & General Group Plc3,016$26.5K0.00%+3,016New
Royal Bank of Canada2,927$25.0K0.00%+1,955+201.1%Added
Quarry LP2,174$19.1K0.01%+1,195+122.1%Added
Ameritas Investment Partners, Inc.2,155$18.9K0.00%+2,155New
Deutsche Bank AG2,015$17.7K0.00%+2,015New
Metropolitan Life Insurance Co1,443$12.7K0.00%+1,443New
IFP Advisors, Inc900$11.9K0.00%00.0%Unchanged
Advisor Group Holdings, Inc.1,185$10.4K0.00%+685+137.0%Added
North Star Investment Management Corp.1,000$8.78K0.00%00.0%Unchanged
Federated Hermes, Inc.882$7.74K0.00%−1,296−59.5%Reduced
Tower Research Capital LLC (TRC)699$6.14K0.00%−1,890−73.0%Reduced
FMR LLC402$3.53K0.00%+83+26.0%Added
Signaturefd, LLC300$2.63K0.00%+300New
Larson Financial Group LLC176$1.54K0.00%00.0%Unchanged
Parallel Advisors, LLC4$350.00%00.0%Unchanged
EAM Investors, LLC0$00.00%−204,561−100.0%Sold out
Jane Street Group, LLC0$00.00%−129,000−100.0%Sold out
Goldman Sachs Group Inc0$00.00%−91,162−100.0%Sold out
HRT Financial LP0$00.00%−44,293−100.0%Sold out
Qube Research & Technologies Ltd0$00.00%−42,861−100.0%Sold out
LMR Partners LLP0$00.00%−17,444−100.0%Sold out
Boothbay Fund Management, LLC0$00.00%−17,342−100.0%Sold out
Quadrature Capital Ltd0$00.00%−17,300−100.0%Sold out
Schonfeld Strategic Advisors LLC0$00.00%−14,599−100.0%Sold out
Squarepoint Ops LLC0$00.00%−13,478−100.0%Sold out
Jefferies Financial Group Inc.0$00.00%−11,167−100.0%Sold out
Point72 Asset Management, L.P.0$00.00%−5,540−100.0%Sold out
Point72 Middle East FZE0$00.00%−4,905−100.0%Sold out
Dorsey Wright & Associates0$00.00%−2,609−100.0%Sold out