Potbelly Corporation
Potbelly Corporation (PBPB) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · PBPB · as of Sep 30, 2025
Ownership Breakdown
136
Institutional Holders
▲ 8 vs Q2
$440.56M
Total Inst. Value
▲ $153.29M vs Q2
30.26M
Shares Outstanding
freeFloat 69.50%
25.85M
13F Shares Held
▲ 2.40M vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
PBPB largest shareholders · institutional ownership
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
NIERENBERG INVESTMENT MANAGEMENT COMPANY, INC. retail-eating places | 2.98M | 9.87% | 9.87% | $50.79B | Nov 12, 2025 | — held |
BLACKROCK, INC. retail-eating places | 2.01M | 6.66% | 6.66% | $34.24B | Nov 12, 2025 | ▲ 115.5K |
GLAZER CAPITAL, LLC retail-eating places | 1.63M | 5.40% | 5.40% | $27.80B | Nov 13, 2025 | NEW |
VANGUARD GROUP INC retail-eating places | 1.45M | 4.80% | 4.80% | $24.71B | Nov 7, 2025 | ▲ 27.1K |
WATER ISLAND CAPITAL LLC retail-eating places | 1.35M | 4.48% | 4.48% | $23.03B | Nov 14, 2025 | NEW |
FIL LTD retail-eating places | 1.21M | 4.01% | 4.01% | $20.63B | Nov 13, 2025 | NEW |
BALYASNY ASSET MANAGEMENT L.P. retail-eating places | 1.15M | 3.81% | 3.81% | $19.61B | Nov 14, 2025 | NEW |
RENAISSANCE TECHNOLOGIES LLC retail-eating places | 1.11M | 3.69% | 3.69% | $18.96B | Nov 13, 2025 | ▼ 600 |
VERSOR INVESTMENTS LP retail-eating places | 1.06M | 3.50% | 3.50% | $18.02B | Nov 6, 2025 | NEW |
FIRST TRUST CAPITAL MANAGEMENT L.P. retail-eating places | 857.7K | 2.84% | 2.84% | $14.62B | Nov 17, 2025 | NEW |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
16
Increased
+2.36M shares18
New Positions
first time holders13
Decreased
−1.57M shares0
Sold Out
fully exitedNet shares change (top 50)
+789.2K
+2.36M / −1.57M
Net new holders
+21
18 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
PBPB insider trading · insider activity
Source: SEC Form 4
29
Buy transactions
41
Sell transactions
0.71
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
Butler Adrian M director | Oct 23, 2025 | D-Return | 89,529 | $17.12 | $1.53M | 0 | Form 4 ↗ |
Near David director | Oct 23, 2025 | D-Return | 158,840 | $17.12 | $2.72M | 0 | Form 4 ↗ |
PEARSON DAVID T. director | Oct 23, 2025 | D-Return | 49,386 | $17.12 | $845.5K | 0 | Form 4 ↗ |
Head David W director | Oct 23, 2025 | D-Return | 147,726 | $17.12 | $2.53M | 0 | Form 4 ↗ |
Boehm Joseph director | Oct 23, 2025 | D-Return | 248,826 | $17.12 | $4.26M | 0 | Form 4 ↗ |
Sutton Jill director | Oct 23, 2025 | D-Return | 77,304 | $17.12 | $1.32M | 0 | Form 4 ↗ |
Avedisian Vann A director | Oct 23, 2025 | D-Return | 40,710 | — | — | 0 | Form 4 ↗ |
Avedisian Vann A director | Oct 23, 2025 | D-Return | 101,585 | $17.12 | $1.74M | 0 | Form 4 ↗ |
Wright Robert D. President and CEO | Oct 23, 2025 | D-Return | 832,632 | $17.12 | $14.25M | 0 | Form 4 ↗ |
Wright Robert D. President and CEO | Oct 23, 2025 | D-Return | 60,773 | — | — | 0 | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
Potbelly Corporation (PBPB) is primarily owned by institutional investors, who hold approximately 85.5% of total shares outstanding. Company insiders own approximately 30.50%, while retail and public investors account for the remaining 0.00%.
The largest institutional shareholder of Potbelly Corporation is NIERENBERG INVESTMENT MANAGEMENT COMPANY, INC., holding approximately 2.98 million shares — equal to 9.87% of outstanding shares — as of September 30, 2025.
A total of 136 institutional investors currently hold PBPB stock, with a combined institutional value of approximately $440,556,578 as of the most recent 13F filing period.
Frequently asked questions
PBPB ownershipPotbelly Corporation (PBPB) is primarily owned by institutional investors, who hold approximately 85.5% of shares. The largest shareholder is NIERENBERG INVESTMENT MANAGEMENT COMPANY, INC. with a 9.87% stake. Company insiders hold 30.50%. Data sourced from SEC Form 13F as of September 30, 2025.