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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 2025

Institutional positions in Potbelly Corp as of Sep 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

PBPB is no longer listed, so this page shows Q3 2025. 13F filings for later quarters list far fewer holders.

Institutional holders
132
+8 vs. Q2 2025
Shares held
25.9M
+2.45M (+10.5%) vs. Q2 2025
Total value
$440.6M
+$153.9M (+53.7%) vs. Q2 2025
New holders
45
35 more added
Sold out
37
32 more reduced

1 institution that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 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 holdersQ3 2025: 132 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 2025: $440.6M
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 2025

Shares, value and share of portfolio for each institution holding Potbelly Corp; share changes are against Q2 2025.

Institutions holding PBPB in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Quantbot Technologies LP3,075$52.4K0.00%+3,075New
Legal & General Group Plc2,794$47.6K0.00%00.0%Unchanged
Advisor Group Holdings, Inc.3,282$45.9K0.00%00.0%Unchanged
New York State Teachers Retirement System2,208$38.0K0.00%−286−11.5%Reduced
Ameritas Investment Partners, Inc.2,155$36.7K0.00%00.0%Unchanged
California State Teachers Retirement System1,990$33.9K0.00%+1+0.1%Added
State of Alaska, Department of Revenue1,592$27.0K0.00%+1,592New
Citigroup Inc1,303$22.2K0.00%−7,789−85.7%Reduced
Quest Partners LLC1,302$22.2K0.00%+1,302New
SBI Securities Co., Ltd.1,015$17.3K0.00%00.0%Unchanged
Ancora Advisors, LLC1,000$17.0K0.00%−331,912−99.7%Reduced
North Star Investment Management Corp.1,000$17.0K0.00%−1,000−50.0%Reduced
IFP Advisors, Inc951$16.2K0.00%+61+6.9%Added
Tower Research Capital LLC (TRC)938$16.0K0.00%−2,267−70.7%Reduced
Amalgamated Bank880$15.0K0.00%00.0%Unchanged
SRS Capital Advisors, Inc.819$14.0K0.00%+819New
Versant Capital Management, Inc708$12.1K0.00%00.0%Unchanged
GAMMA Investing LLC556$9.47K0.00%+42+8.2%Added
Quarry LP277$4.72K0.00%+277New
Essential Partners LLC255$4.34K0.00%+224+722.6%Added
Sterling Capital Management LLC242$4.12K0.00%+105+76.6%Added
Allworth Financial LP232$3.95K0.00%+232New
Optiver Holding B.V.226$3.85K0.00%+226New
Clearstead Advisors, LLC213$3.63K0.00%+183+610.0%Added
Nisa Investment Advisors, LLC178$3.03K0.00%00.0%Unchanged
EverSource Wealth Advisors, LLC149$2.54K0.00%+59+65.6%Added
Rothschild Investment LLC105$1.79K0.00%00.0%Unchanged
Parallel Advisors, LLC31$5280.00%+31New
The PNC Financial Services Group, Inc.27$4600.00%00.0%Unchanged
Point72 Europe (London) LLP26$4440.00%+26New
Fortis Group Advisors, LLC20$3410.00%00.0%Unchanged
Comerica Bank13$2170.00%−501−97.5%Reduced
Portolan Capital Management, LLC0$00.00%−1,667,702−100.0%Sold out
First Eagle Investment Management, LLC0$00.00%−989,028−100.0%Sold out
Western Standard LLC0$00.00%−927,593−100.0%Sold out
Silvercrest Asset Management Group LLC0$00.00%−639,649−100.0%Sold out
Next Century Growth Investors LLC0$00.00%−603,003−100.0%Sold out
Archon Capital Management LLC0$00.00%−546,417−100.0%Sold out
Marshall Wace, LLP0$00.00%−383,360−100.0%Sold out
Soviero Asset Management, LP0$00.00%−240,000−100.0%Sold out
Hodges Capital Management Inc.0$00.00%−227,111−100.0%Sold out
Essex Investment Management Co LLC0$00.00%−220,446−100.0%Sold out
Manatuck Hill Partners, LLC0$00.00%−153,100−100.0%Sold out
1492 Capital Management LLC0$00.00%−114,297−100.0%Sold out
Tectonic Advisors LLC0$00.00%−89,004−100.0%Sold out
Gsa Capital Partners LLP0$00.00%−78,277−100.0%Sold out
Legato Capital Management LLC0$00.00%−65,701−100.0%Sold out
GatePass Capital, LLC0$00.00%−65,486−100.0%Sold out
Bridgeway Capital Management, LLC0$00.00%−62,100−100.0%Sold out
Raffles Associates LP0$00.00%−59,761−100.0%Sold out
Boston Partners0$00.00%−54,966−100.0%Sold out
Dynamic Technology Lab Private Ltd0$00.00%−52,256−100.0%Sold out
Northern Right Capital Management, L.P.0$00.00%−48,147−100.0%Sold out
Two Sigma Investments, LP0$00.00%−42,070−100.0%Sold out
State of Wisconsin Investment Board0$00.00%−28,451−100.0%Sold out
Oppenheimer Asset Management Inc.0$00.00%−20,446−100.0%Sold out
Prudential Financial Inc0$00.00%−19,726−100.0%Sold out
Boothbay Fund Management, LLC0$00.00%−17,856−100.0%Sold out
Engineers Gate Manager LP0$00.00%−16,115−100.0%Sold out
Intech Investment Management LLC0$00.00%−15,831−100.0%Sold out
ExodusPoint Capital Management, LP0$00.00%−15,687−100.0%Sold out
HRT Financial LP0$00.00%−11,684−100.0%Sold out
Kapitalo Investimentos Ltda0$00.00%−11,382−100.0%Sold out
Two Sigma Advisers, LP0$00.00%−10,800−100.0%Sold out
Simplex Trading, LLC0$00.00%−8,140−100.0%Sold out
Raymond James Financial Inc0$00.00%−900−100.0%Sold out
Fifth Third Bancorp0$00.00%−800−100.0%Sold out
MCF Advisors LLC0$00.00%−764−100.0%Sold out
Transce3nd, LLC0$00.00%−35−100.0%Sold out
DHK Financial Advisors, Inc.––––Not filed