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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, Q4 2023

Institutional positions in Potbelly Corp as of Dec 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
90
−1 vs. Q3 2023
Shares held
18.8M
+729.9K (+4.0%) vs. Q3 2023
Total value
$195.7M
+$54.8M (+38.9%) vs. Q3 2023
New holders
11
37 more added
Sold out
12
25 more reduced

Compare with Q3 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 holdersQ4 2023: 90 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 heldQ4 2023: $195.7M
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, Q4 2023

Shares, value and share of portfolio for each institution holding Potbelly Corp; share changes are against Q3 2023.

Institutions holding PBPB in Q4 2023
InstitutionSharesValue% of portfolioChange in sharesAction
Parallel Advisors, LLC4$420.00%00.0%Unchanged
Fortis Group Advisors, LLC40$4160.00%+20+100.0%Added
Coppell Advisory Solutions LLC35$7440.00%+35New
Comerica Bank262$2.73K0.00%00.0%Unchanged
FMR LLC423$4.41K0.00%−4−0.9%Reduced
Federated Hermes, Inc.478$4.98K0.00%+40+9.1%Added
Advisor Group Holdings, Inc.525$5.47K0.00%−575−52.3%Reduced
IFP Advisors, Inc900$9.38K0.00%00.0%Unchanged
North Star Investment Management Corp.1,000$10.4K0.00%00.0%Unchanged
Metropolitan Life Insurance Co1,443$15.0K0.00%00.0%Unchanged
Ameritas Investment Partners, Inc.2,155$22.5K0.00%00.0%Unchanged
Legal & General Group Plc3,016$31.4K0.00%00.0%Unchanged
AJOVista, LLC3,311$34.5K0.04%+3,311New
Amalgamated Bank3,695$39.0K0.00%−262−6.6%Reduced
Citigroup Inc3,818$39.8K0.00%+3,796+17,254.5%Added
California State Teachers Retirement System4,296$44.8K0.00%−1,463−25.4%Reduced
EntryPoint Capital, LLC4,624$48.2K0.05%+4,624New
Salem Investment Counselors Inc5,239$54.6K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)6,229$64.9K0.00%+5,126+464.7%Added
Wells Fargo & Company6,747$70.3K0.00%+1,540+29.6%Added
Royal Bank of Canada8,320$86.0K0.00%+4,417+113.2%Added
State of Wyoming9,098$94.8K0.02%+9,098New
New York State Common Retirement Fund9,436$98.3K0.00%+8,289+722.7%Added
CI Private Wealth, LLC10,000$104.2K0.00%00.0%Unchanged
Manufacturers Life Insurance Company, The10,322$107.6K0.00%−753−6.8%Reduced
Voya Investment Management LLC11,531$120.2K0.00%+400+3.6%Added
Deutsche Bank AG12,437$129.6K0.00%−546−4.2%Reduced
American International Group, Inc.12,974$135.2K0.00%−52−0.4%Reduced
MetLife Investment Management13,924$145.1K0.00%00.0%Unchanged
Occudo Quantitative Strategies LP14,209$148.1K0.02%+14,209New
Mirae Asset Global Investments Co., Ltd.14,278$148.8K0.00%00.0%Unchanged
O'Shaughnessy Asset Management, LLC16,578$172.7K0.00%−2,486−13.0%Reduced
XTX Topco Ltd16,971$176.8K0.04%+3,683+27.7%Added
JPMorgan Chase & Co17,739$184.8K0.00%00.0%Unchanged
Goldman Sachs Group Inc18,769$195.6K0.00%+6,667+55.1%Added
Qube Research & Technologies Ltd18,822$196.1K0.00%+17,536+1,363.6%Added
Quadrature Capital Ltd20,802$216.3K0.00%+20,802New
Orchard Capital Managment, LLC20,888$217.7K0.07%−11,537−35.6%Reduced
BNP Paribas Arbitrage, SA20,913$217.9K0.00%−2,884−12.1%Reduced
Bridgeway Capital Management, LLC24,000$250.1K0.01%−39,600−62.3%Reduced
Bank of America Corp24,417$254.4K0.00%+12,990+113.7%Added
Commonwealth Equity Services, LLC24,550$256.0K0.00%00.0%Unchanged
Stephens Inc25,185$262.4K0.00%00.0%Unchanged
Stifel Financial Corp27,250$283.9K0.00%+27,250New
Rhumbline Advisers27,784$289.5K0.00%+2,565+10.2%Added
Engineers Gate Manager LP28,448$296.4K0.01%−6,487−18.6%Reduced
Walleye Capital LLC28,474$296.7K0.00%−3,897−12.0%Reduced
UBS Group AG32,863$342.4K0.00%+18,996+137.0%Added
AQR Capital Management LLC33,403$348.1K0.00%+12,286+58.2%Added
American Century Companies Inc35,099$365.7K0.00%+9,705+38.2%Added
Barclays PLC37,956$395.5K0.00%+32,444+588.6%Added
Campbell & CO Investment Adviser LLC45,269$471.7K0.04%+19,118+73.1%Added
Connor, Clark & Lunn Investment Management Ltd.53,243$554.8K0.00%−7,149−11.8%Reduced
Janney Montgomery Scott LLC56,722$591.0K0.00%+8,586+17.8%Added
First Trust Advisors LP66,157$689.4K0.00%+1,662+2.6%Added
Invesco Ltd.67,388$702.2K0.00%−3,344−4.7%Reduced
Victory Capital Management Inc68,300$711.7K0.00%−4,223−5.8%Reduced
Fortis Advisors, LLC69,969$729.1K0.52%00.0%Unchanged
Charles Schwab Investment Management Inc71,211$742.0K0.00%−146−0.2%Reduced
Gsa Capital Partners LLP73,363$764.0K0.06%+73,363New
EAM Investors, LLC73,695$767.9K0.14%+73,695New
Boston Partners75,858$790.4K0.00%+75,858New
Bank of New York Mellon Corp86,880$905.3K0.00%+14,058+19.3%Added
Millennium Management LLC88,888$926.2K0.00%+59,483+202.3%Added
Raffles Associates LP89,761$935.3K1.18%−3,199−3.4%Reduced
Russell Investments Group, Ltd.92,566$964.5K0.00%+39,898+75.8%Added
American Financial Group Inc100,000$1.04M0.38%00.0%Unchanged
Two Sigma Advisers, LP104,800$1.09M0.00%−5,700−5.2%Reduced
Morgan Stanley112,624$1.17M0.00%+52,860+88.4%Added
Two Sigma Investments, LP119,073$1.24M0.00%−7,491−5.9%Reduced
Millrace Asset Group, Inc.133,457$1.39M1.38%+133,457New
Ancora Advisors, LLC150,598$1.57M0.04%+51,180+51.5%Added
Assenagon Asset Management S.A.165,718$1.73M0.01%−14,256−7.9%Reduced
Los Angeles Capital Management LLC188,995$1.97M0.01%+79,449+72.5%Added
Arrowstreet Capital, Limited Partnership196,316$2.05M0.00%+56,356+40.3%Added
Nuveen Asset Management, LLC214,034$2.23M0.00%+64,160+42.8%Added
Northern Trust Corp218,976$2.28M0.00%+3,211+1.5%Added
Cerity Partners LLC279,182$2.91M0.01%−13,570−4.6%Reduced
State Street Corp481,673$5.02M0.00%+66,418+16.0%Added
Geode Capital Management, LLC514,959$5.37M0.00%+19,974+4.0%Added
Dimensional Fund Advisors LP549,302$5.72M0.00%+7,688+1.4%Added
First Eagle Investment Management, LLC814,728$8.49M0.02%+76,748+10.4%Added
Heartland Advisors Inc960,900$10.0M0.52%−1,000−0.1%Reduced
Archon Capital Management LLC1,296,791$13.5M5.56%00.0%Unchanged
Punch & Associates Investment Management, Inc.1,321,360$13.8M0.81%+5,850+0.4%Added
Soviero Asset Management, LP1,402,310$14.6M9.13%−117,690−7.7%Reduced
Renaissance Technologies LLC1,469,154$15.3M0.02%−49,432−3.3%Reduced
Vanguard Group Inc1,579,581$16.5M0.00%+13,388+0.9%Added
BlackRock Inc.1,819,598$19.0M0.00%+132,744+7.9%Added
Nierenberg Investment Management Company, Inc.2,829,860$29.5M18.69%+120,000+4.4%Added
Boothbay Fund Management, LLC0$00.00%−134,166−100.0%Sold out
Advisory Research Inc0$00.00%−113,040−100.0%Sold out
Marshall Wace, LLP0$00.00%−104,602−100.0%Sold out
Susquehanna International Group, LLP0$00.00%−36,823−100.0%Sold out
Acadian Asset Management LLC0$00.00%−28,256−100.0%Sold out
Man Group plc0$00.00%–Sold out
Truist Financial Corp0$00.00%−13,570−100.0%Sold out
Allspring Global Investments Holdings, LLC0$00.00%−4,771−100.0%Sold out
Group One Trading, L.P.0$00.00%−3,000−100.0%Sold out
Simplex Trading, LLC0$00.00%−2,707−100.0%Sold out