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 2024
Institutional positions in Potbelly Corp as of Mar 31, 2024. 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
- 118
- +29 vs. Q4 2023
- Shares held
- 21.0M
- +2.20M (+11.7%) vs. Q4 2023
- Total value
- $254.1M
- +$58.4M (+29.9%) vs. Q4 2023
- New holders
- 39
- 32 more added
- Sold out
- 10
- 35 more reduced
1 institution that held it in Q4 2023 haven't filed for Q1 2024 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 0 | $0 |
| Q1 2026 | 0 | $0 |
| Q4 2025 | 1 | $16.3K |
| Q3 2025 | 132 | $440.6M |
| Q2 2025 | 125 | $287.3M |
| Q1 2025 | 115 | $208.9M |
| Q4 2024 | 114 | $208.7M |
| Q3 2024 | 109 | $175.7M |
| Q2 2024 | 110 | $167.6M |
| Q1 2024 | 118 | $254.1M |
| Q4 2023 | 90 | $195.7M |
| Q3 2023 | 91 | $140.9M |
| Q2 2023 | 86 | $162.1M |
| Q1 2023 | 75 | $140.8M |
| Q4 2022 | 55 | $83.3M |
| Q3 2022 | 53 | $68.2M |
| Q2 2022 | 52 | $88.2M |
| Q1 2022 | 52 | $103.6M |
| Q4 2021 | 59 | $85.2M |
| Q3 2021 | 64 | $99.9M |
| Q2 2021 | 66 | $117.1M |
| Q1 2021 | 58 | $85.7M |
Institutions, Q1 2024
Shares, value and share of portfolio for each institution holding Potbelly Corp; share changes are against Q4 2023.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Nierenberg Investment Management Company, Inc. | 2,829,860 | $34.3M | 20.04% | 00.0% | Unchanged |
| BlackRock Inc. | 1,855,628 | $22.5M | 0.00% | +36,030+2.0% | Added |
| Renaissance Technologies LLC | 1,384,448 | $16.8M | 0.03% | −84,706−5.8% | Reduced |
| Soviero Asset Management, LP | 1,306,700 | $15.8M | 10.81% | −95,610−6.8% | Reduced |
| Vanguard Group Inc | 1,238,460 | $15.0M | 0.00% | −341,121−21.6% | Reduced |
| Punch & Associates Investment Management, Inc. | 1,235,555 | $15.0M | 0.85% | −85,805−6.5% | Reduced |
| Portolan Capital Management, LLC | 1,145,952 | $13.9M | 1.06% | +1,145,952 | New |
| First Eagle Investment Management, LLC | 859,128 | $10.4M | 0.02% | +44,400+5.4% | Added |
| Heartland Advisors Inc | 705,050 | $8.54M | 0.45% | −255,850−26.6% | Reduced |
| Dimensional Fund Advisors LP | 545,579 | $6.61M | 0.00% | −3,723−0.7% | Reduced |
| Geode Capital Management, LLC | 533,126 | $6.46M | 0.00% | +18,167+3.5% | Added |
| Readystate Asset Management LP | 516,000 | $6.25M | 0.22% | +516,000 | New |
| State Street Corp | 492,083 | $5.96M | 0.00% | +10,410+2.2% | Added |
| Silvercrest Asset Management Group LLC | 480,630 | $5.82M | 0.04% | +480,630 | New |
| Archon Capital Management LLC | 462,671 | $5.60M | 2.65% | −834,120−64.3% | Reduced |
| CenterBook Partners LP | 385,407 | $4.67M | 0.32% | +385,407 | New |
| Russell Investments Group, Ltd. | 300,736 | $3.64M | 0.01% | +208,170+224.9% | Added |
| Arrowstreet Capital, Limited Partnership | 254,481 | $3.08M | 0.00% | +58,165+29.6% | Added |
| Nuveen Asset Management, LLC | 250,124 | $3.03M | 0.00% | +36,090+16.9% | Added |
| Los Angeles Capital Management LLC | 243,662 | $2.95M | 0.01% | +54,667+28.9% | Added |
| Northern Trust Corp | 216,459 | $2.62M | 0.00% | −2,517−1.1% | Reduced |
| Manatuck Hill Partners, LLC | 199,337 | $2.41M | 1.06% | +199,337 | New |
| Western Standard LLC | 182,335 | $2.21M | 2.08% | +182,335 | New |
| Next Century Growth Investors LLC | 169,238 | $2.05M | 0.18% | +169,238 | New |
| Millennium Management LLC | 167,604 | $2.03M | 0.00% | +78,716+88.6% | Added |
| Two Sigma Investments, LP | 144,893 | $1.75M | 0.00% | +25,820+21.7% | Added |
| Assenagon Asset Management S.A. | 139,460 | $1.69M | 0.00% | −26,258−15.8% | Reduced |
| Millrace Asset Group, Inc. | 137,480 | $1.67M | 1.67% | +4,023+3.0% | Added |
| Morgan Stanley | 135,239 | $1.64M | 0.00% | +22,615+20.1% | Added |
| Ancora Advisors, LLC | 132,548 | $1.61M | 0.04% | −18,050−12.0% | Reduced |
| Hodges Capital Management Inc. | 116,470 | $1.41M | 0.09% | +116,470 | New |
| Two Sigma Advisers, LP | 116,300 | $1.41M | 0.00% | +11,500+11.0% | Added |
| Gsa Capital Partners LLP | 86,121 | $1.04M | 0.08% | +12,758+17.4% | Added |
| Invesco Ltd. | 85,048 | $1.03M | 0.00% | +17,660+26.2% | Added |
| AQR Capital Management LLC | 81,467 | $986.6K | 0.00% | +48,064+143.9% | Added |
| Boothbay Fund Management, LLC | 79,480 | $962.5K | 0.03% | +79,480 | New |
| Bank of New York Mellon Corp | 78,036 | $945.0K | 0.00% | −8,844−10.2% | Reduced |
| Raffles Associates LP | 74,761 | $905.4K | 1.05% | −15,000−16.7% | Reduced |
| Charles Schwab Investment Management Inc | 71,307 | $863.5K | 0.00% | +96+0.1% | Added |
| Fortis Advisors, LLC | 69,969 | $847.3K | 0.57% | 00.0% | Unchanged |
| First Trust Advisors LP | 68,220 | $826.1K | 0.00% | +2,063+3.1% | Added |
| EAM Investors, LLC | 67,231 | $814.2K | 0.13% | −6,464−8.8% | Reduced |
| ClariVest Asset Management LLC | 67,126 | $812.9K | 0.08% | +67,126 | New |
| Qube Research & Technologies Ltd | 64,488 | $781.0K | 0.00% | +45,666+242.6% | Added |
| Engineers Gate Manager LP | 63,899 | $773.8K | 0.02% | +35,451+124.6% | Added |
| Janney Montgomery Scott LLC | 61,693 | $747.0K | 0.00% | +4,971+8.8% | Added |
| Campbell & CO Investment Adviser LLC | 60,034 | $727.0K | 0.06% | +14,765+32.6% | Added |
| Victory Capital Management Inc | 58,016 | $702.6K | 0.00% | −10,284−15.1% | Reduced |
| Trexquant Investment LP | 54,801 | $663.6K | 0.01% | +54,801 | New |
| Boston Partners | 52,813 | $639.6K | 0.00% | −23,045−30.4% | Reduced |
| American Century Companies Inc | 51,970 | $629.4K | 0.00% | +16,871+48.1% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 42,390 | $513.3K | 0.00% | −10,853−20.4% | Reduced |
| Lombard Odier Asset Management (USA) Corp | 35,162 | $425.8K | 0.06% | +35,162 | New |
| Calamos Advisors LLC | 31,915 | $386.5K | 0.00% | +31,915 | New |
| Susquehanna International Group, LLP | 30,997 | $375.4K | 0.00% | +30,997 | New |
| XTX Topco Ltd | 29,782 | $360.7K | 0.05% | +12,811+75.5% | Added |
| Y-Intercept (Hong Kong) Ltd | 29,189 | $353.5K | 0.03% | +29,189 | New |
| Rhumbline Advisers | 28,907 | $350.1K | 0.00% | +1,123+4.0% | Added |
| Jane Street Group, LLC | 27,779 | $336.4K | 0.00% | +27,779 | New |
| Federated Hermes, Inc. | 27,134 | $328.6K | 0.00% | +26,656+5,576.6% | Added |
| Cubist Systematic Strategies, LLC | 26,987 | $326.8K | 0.00% | +26,987 | New |
| UBS Group AG | 26,912 | $325.9K | 0.00% | −5,951−18.1% | Reduced |
| Next Level Private LLC | 26,853 | $325.2K | 0.15% | +26,853 | New |
| Stifel Financial Corp | 26,750 | $323.9K | 0.00% | −500−1.8% | Reduced |
| JPMorgan Chase & Co | 26,059 | $315.6K | 0.00% | +8,320+46.9% | Added |
| Stephens Inc | 25,185 | $305.0K | 0.00% | 00.0% | Unchanged |
| Bridgeway Capital Management, LLC | 22,700 | $274.9K | 0.01% | −1,300−5.4% | Reduced |
| Tectonic Advisors LLC | 22,418 | $271.5K | 0.02% | +22,418 | New |
| BNP Paribas Arbitrage, SA | 22,385 | $271.1K | 0.00% | +1,472+7.0% | Added |
| Orchard Capital Managment, LLC | 20,888 | $253.0K | 0.07% | 00.0% | Unchanged |
| Barclays PLC | 20,377 | $246.8K | 0.00% | −17,579−46.3% | Reduced |
| Options Solutions, LLC | 15,702 | $190.2K | 0.11% | +15,702 | New |
| O'Shaughnessy Asset Management, LLC | 15,577 | $188.6K | 0.00% | −1,001−6.0% | Reduced |
| Wells Fargo & Company | 14,543 | $176.1K | 0.00% | +7,796+115.5% | Added |
| Two Sigma Securities, LLC | 14,366 | $174.0K | 0.01% | +14,366 | New |
| MetLife Investment Management | 13,924 | $168.6K | 0.00% | 00.0% | Unchanged |
| Occudo Quantitative Strategies LP | 13,240 | $160.3K | 0.03% | −969−6.8% | Reduced |
| State of Wyoming | 13,004 | $157.5K | 0.03% | +3,906+42.9% | Added |
| American International Group, Inc. | 12,864 | $155.8K | 0.00% | −110−0.8% | Reduced |
| Deutsche Bank AG | 12,198 | $147.7K | 0.00% | −239−1.9% | Reduced |
| Shay Capital LLC | 11,820 | $143.1K | 0.04% | +11,820 | New |
| Quest Partners LLC | 10,686 | $129.4K | 0.02% | +10,686 | New |
| Goldman Sachs Group Inc | 10,452 | $126.6K | 0.00% | −8,317−44.3% | Reduced |
| Axq Capital, LP | 10,209 | $123.6K | 0.03% | +10,209 | New |
| Wolverine Trading, LLC | 10,130 | $122.7K | 0.00% | +10,130 | New |
| New York State Common Retirement Fund | 9,402 | $113.9K | 0.00% | −34−0.4% | Reduced |
| Bank of America Corp | 9,391 | $113.7K | 0.00% | −15,026−61.5% | Reduced |
| AdvisorShares Investments LLC | 8,100 | $98.1K | 0.02% | +8,100 | New |
| Royal Bank of Canada | 7,405 | $90.0K | 0.00% | −915−11.0% | Reduced |
| Salem Investment Counselors Inc | 5,239 | $63.4K | 0.00% | 00.0% | Unchanged |
| Citigroup Inc | 4,350 | $52.7K | 0.00% | +532+13.9% | Added |
| Steward Partners Investment Advisory, LLC | 3,909 | $47.3K | 0.00% | +3,909 | New |
| nVerses Capital, LLC | 3,400 | $41.2K | 0.10% | +3,400 | New |
| California State Teachers Retirement System | 2,624 | $31.8K | 0.00% | −1,672−38.9% | Reduced |
| Point72 (DIFC) Ltd | 2,565 | $31.1K | 0.00% | +2,565 | New |
| EntryPoint Capital, LLC | 2,550 | $30.9K | 0.03% | −2,074−44.9% | Reduced |
| Legal & General Group Plc | 2,538 | $30.7K | 0.00% | −478−15.8% | Reduced |
| Ameritas Investment Partners, Inc. | 2,155 | $26.1K | 0.00% | 00.0% | Unchanged |
| Advisor Group Holdings, Inc. | 1,675 | $20.3K | 0.00% | +1,150+219.0% | Added |
| Metropolitan Life Insurance Co | 1,443 | $17.5K | 0.00% | 00.0% | Unchanged |