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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 2024

Institutional positions in Potbelly Corp as of Sep 30, 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
109
0 vs. Q2 2024
Shares held
21.1M
+2.12M (+11.2%) vs. Q2 2024
Total value
$175.7M
+$23.5M (+15.4%) vs. Q2 2024
New holders
16
43 more added
Sold out
16
31 more reduced

1 institution that held it in Q2 2024 haven't filed for Q3 2024 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2024: 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 2024: 109 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 2024: $175.7M
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, Q3 2024

Shares, value and share of portfolio for each institution holding Potbelly Corp; share changes are against Q2 2024.

Institutions holding PBPB in Q3 2024
InstitutionSharesValue% of portfolioChange in sharesAction
Nierenberg Investment Management Company, Inc.2,980,564$24.9M14.89%+150,704+5.3%Added
BlackRock, Inc.1,999,733$16.7M0.00%+1,999,733New
Vanguard Group Inc1,439,104$12.0M0.00%+24,640+1.7%Added
Punch & Associates Investment Management, Inc.1,290,355$10.8M0.60%+47,225+3.8%Added
Renaissance Technologies LLC1,201,854$10.0M0.02%−77,000−6.0%Reduced
First Eagle Investment Management, LLC1,111,828$9.27M0.02%+100,500+9.9%Added
Heartland Advisors Inc928,600$7.74M0.41%+130,750+16.4%Added
Portolan Capital Management, LLC902,529$7.53M0.55%+160,763+21.7%Added
Geode Capital Management, LLC608,336$5.07M0.00%+21,188+3.6%Added
Soviero Asset Management, LP530,000$4.42M4.45%−202,000−27.6%Reduced
Archon Capital Management LLC507,940$4.24M7.94%−193,077−27.5%Reduced
Dimensional Fund Advisors LP502,752$4.19M0.00%+2,985+0.6%Added
State Street Corp498,915$4.16M0.00%+7,022+1.4%Added
Silvercrest Asset Management Group LLC483,763$4.03M0.03%−3,169−0.7%Reduced
Ancora Advisors, LLC474,831$3.96M0.09%+23,599+5.2%Added
Millennium Management LLC474,796$3.96M0.00%+167,083+54.3%Added
Western Standard LLC400,769$3.34M3.14%−400,000−50.0%Reduced
Nuveen Asset Management, LLC387,114$3.23M0.00%+168,380+77.0%Added
Hodges Capital Management Inc.380,015$3.17M0.20%+86,445+29.4%Added
Arrowstreet Capital, Limited Partnership343,188$2.86M0.00%+249,419+266.0%Added
Russell Investments Group, Ltd.324,066$2.70M0.00%+189,415+140.7%Added
Cerity Partners LLC279,666$2.33M0.01%+279,666New
Northern Trust Corp217,738$1.82M0.00%+10,949+5.3%Added
Next Century Growth Investors LLC169,211$1.41M0.11%+103+0.1%Added
Boothbay Fund Management, LLC159,325$1.33M0.04%−24,985−13.6%Reduced
Morgan Stanley138,724$1.16M0.00%+40,522+41.3%Added
Los Angeles Capital Management LLC132,605$1.11M0.00%−66,102−33.3%Reduced
Qube Research & Technologies Ltd121,403$1.01M0.00%−2,442−2.0%Reduced
Goldman Sachs Group Inc109,622$914.2K0.00%+88,530+419.7%Added
Assenagon Asset Management S.A.108,580$905.6K0.00%−44,835−29.2%Reduced
Victory Capital Management Inc101,039$842.7K0.00%+34,539+51.9%Added
Tectonic Advisors LLC95,353$795.2K0.05%+40,424+73.6%Added
Gsa Capital Partners LLP94,765$790.0K0.06%+6,997+8.0%Added
AQR Capital Management LLC80,572$672.0K0.00%−30,642−27.6%Reduced
Charles Schwab Investment Management Inc76,525$638.2K0.00%00.0%Unchanged
Fortis Advisors, LLC69,969$583.5K0.38%00.0%Unchanged
Raffles Associates LP69,761$581.8K0.60%−5,000−6.7%Reduced
Bank of New York Mellon Corp67,562$563.5K0.00%−17,486−20.6%Reduced
JPMorgan Chase & Co67,053$559.2K0.00%+36,930+122.6%Added
Two Sigma Investments, LP66,638$555.8K0.00%−68,535−50.7%Reduced
American Century Companies Inc61,496$512.9K0.00%+5,527+9.9%Added
Bridgeway Capital Management, LLC60,700$506.2K0.01%+60,700New
Trexquant Investment LP53,496$446.2K0.01%+2,059+4.0%Added
Boston Partners52,813$440.5K0.00%00.0%Unchanged
Campbell & CO Investment Adviser LLC48,022$400.5K0.03%−5,972−11.1%Reduced
DHK Financial Advisors, Inc.46,952$391.6K0.24%+46,952New
Squarepoint Ops LLC45,739$381.5K0.00%−87,559−65.7%Reduced
Barclays PLC39,780$331.8K0.00%+28,342+247.8%Added
Rhumbline Advisers36,748$306.5K0.00%+1,602+4.6%Added
Susquehanna International Group, LLP35,276$294.2K0.00%+10,206+40.7%Added
Invesco Ltd.35,047$292.3K0.00%−46,820−57.2%Reduced
BNP Paribas Arbitrage, SA34,978$291.7K0.00%+22,359+177.2%Added
Jane Street Group, LLC32,710$272.8K0.00%−3,608−9.9%Reduced
XTX Topco Ltd31,984$266.7K0.02%+1,456+4.8%Added
Citadel Advisors LLC28,686$239.2K0.00%−10,793−27.3%Reduced
Two Sigma Advisers, LP25,800$215.2K0.00%−45,500−63.8%Reduced
Stephens Inc25,185$210.0K0.00%00.0%Unchanged
Bank of America Corp23,073$192.4K0.00%−2,605−10.1%Reduced
Marshall Wace, LLP22,806$190.2K0.00%−31,776−58.2%Reduced
UBS Group AG22,514$187.8K0.00%+12,742+130.4%Added
Next Level Private LLC21,853$182.3K0.07%−5,000−18.6%Reduced
Orchard Capital Managment, LLC20,888$174.2K0.06%00.0%Unchanged
Citigroup Inc19,814$165.2K0.00%+13,807+229.8%Added
Deutsche Bank AG18,403$153.5K0.00%+6,427+53.7%Added
State of Wisconsin Investment Board18,157$151.4K0.00%00.0%Unchanged
Oppenheimer Asset Management Inc.17,723$147.8K0.00%+626+3.7%Added
MetLife Investment Management15,617$130.2K0.00%00.0%Unchanged
Mirae Asset Global ETFs Holdings Ltd.15,179$126.6K0.00%+2,163+16.6%Added
Corebridge Financial, Inc.14,679$122.4K0.00%−90−0.6%Reduced
Truist Financial Corp14,000$116.8K0.00%+14,000New
LPL Financial LLC13,000$108.4K0.00%+13,000New
Two Sigma Securities, LLC12,183$101.6K0.01%+1,581+14.9%Added
Quarry LP10,925$91.1K0.03%+9,493+662.9%Added
Manufacturers Life Insurance Company, The10,565$88.1K0.00%−161−1.5%Reduced
Mirae Asset Global Investments Co., Ltd.10,400$87.4K0.00%+10,400New
Voya Investment Management LLC10,321$86.1K0.00%+10,321New
New York State Common Retirement Fund9,420$78.6K0.00%00.0%Unchanged
FMR LLC8,678$72.4K0.00%+7,956+1,101.9%Added
Wells Fargo & Company8,555$71.3K0.00%−334−3.8%Reduced
Royal Bank of Canada6,733$56.0K0.00%+240+3.7%Added
State of Wyoming6,136$51.2K0.01%−986−13.8%Reduced
Salem Investment Counselors Inc5,239$43.7K0.00%00.0%Unchanged
Legal & General Group Plc3,244$27.1K0.00%00.0%Unchanged
nVerses Capital, LLC2,700$22.5K0.01%+2,700New
Ameritas Investment Partners, Inc.2,155$18.0K0.00%00.0%Unchanged
California State Teachers Retirement System1,989$16.6K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)1,036$8.64K0.00%−4,250−80.4%Reduced
North Star Investment Management Corp.1,000$8.34K0.00%00.0%Unchanged
IFP Advisors, Inc900$7.51K0.00%00.0%Unchanged
Amalgamated Bank880$7.00K0.00%00.0%Unchanged
Fifth Third Bancorp800$6.67K0.00%00.0%Unchanged
Advisor Group Holdings, Inc.800$6.67K0.00%+200+33.3%Added
Venturi Wealth Management, LLC548$4.57K0.00%+548New
CWM, LLC447$4.00K0.00%+415+1,296.9%Added
Allspring Global Investments Holdings, LLC408$3.40K0.00%−7,436−94.8%Reduced
MCF Advisors LLC210$1.75K0.00%00.0%Unchanged
Jones Financial Companies LLLP200$1.68K0.00%+200New
Nisa Investment Advisors, LLC178$1.49K0.00%+152+584.6%Added
Group One Trading, L.P.170$1.42K0.00%−100−37.0%Reduced
Comerica Bank136$1.13K0.00%−261−65.7%Reduced