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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 2025

Institutional positions in Potbelly Corp as of Jun 30, 2025. 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
125
+10 vs. Q1 2025
Shares held
23.5M
+1.18M (+5.3%) vs. Q1 2025
Total value
$287.3M
+$78.3M (+37.5%) vs. Q1 2025
New holders
16
42 more added
Sold out
6
43 more reduced

Compare with Q1 2025: 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 2025: 125 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 2025: $287.3M
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 2025

Shares, value and share of portfolio for each institution holding Potbelly Corp; share changes are against Q1 2025.

Institutions holding PBPB in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Soviero Asset Management, LP240,000$2.94M2.16%−143,000−37.3%Reduced
Russell Investments Group, Ltd.250,719$3.07M0.00%−38,285−13.2%Reduced
CenterBook Partners LP254,983$3.12M0.17%−47,105−15.6%Reduced
Northern Trust Corp261,610$3.20M0.00%+43,278+19.8%Added
Citadel Advisors LLC315,749$3.87M0.00%−104,874−24.9%Reduced
Ancora Advisors, LLC332,912$4.08M0.08%+6,191+1.9%Added
Marshall Wace, LLP383,360$4.70M0.01%+209,900+121.0%Added
Arrowstreet Capital, Limited Partnership445,780$5.46M0.00%+107,847+31.9%Added
American Century Companies Inc471,237$5.77M0.00%+84,807+21.9%Added
Dimensional Fund Advisors LP509,119$6.24M0.00%+6,280+1.2%Added
State Street Corp525,521$6.44M0.00%+3,622+0.7%Added
Archon Capital Management LLC546,417$6.69M5.49%+18,000+3.4%Added
Next Century Growth Investors LLC603,003$7.39M0.57%−15,588−2.5%Reduced
Geode Capital Management, LLC608,278$7.45M0.00%−16,039−2.6%Reduced
Silvercrest Asset Management Group LLC639,649$7.84M0.05%00.0%Unchanged
Monimus Capital Management, LP671,095$8.22M6.60%+165,151+32.6%Added
Heartland Advisors Inc765,700$9.38M0.52%−1,000−0.1%Reduced
Western Standard LLC927,593$11.4M6.32%+226,270+32.3%Added
Punch & Associates Investment Management, Inc.954,334$11.7M0.72%+116,979+14.0%Added
First Eagle Investment Management, LLC989,028$12.1M0.02%−11,000−1.1%Reduced
Renaissance Technologies LLC1,113,554$13.6M0.02%−13,100−1.2%Reduced
Vanguard Group Inc1,423,239$17.4M0.00%+1,341+0.1%Added
Portolan Capital Management, LLC1,667,702$20.4M1.28%+391,090+30.6%Added
BlackRock, Inc.1,894,202$23.2M0.00%−90,973−4.6%Reduced
Nierenberg Investment Management Company, Inc.2,980,564$36.5M21.31%00.0%Unchanged
Campbell & CO Investment Adviser LLC0$00.00%−37,766−100.0%Sold out
Level Four Advisory Services, LLC0$00.00%−18,869−100.0%Sold out
Corebridge Financial, Inc.0$00.00%−13,449−100.0%Sold out
Quest Partners LLC0$00.00%−6,004−100.0%Sold out
Aquatic Capital Management LLC0$00.00%−3,786−100.0%Sold out
Group One Trading, L.P.0$00.00%−400−100.0%Sold out