Potbelly Ownership | Who Owns Potbelly?

Overview Forecast RevenueFinancials Chart Transcripts

Potbelly Ownership Summary

Potbelly is owned by 77.44% institutional investors, 16.19% insiders, and 6.37% retail investors. Nierenberg investment management company is the largest institutional shareholder, holding 9.87% of PBPB shares. Strategic Advisers U.S. Total Stock is the top mutual fund, with 3.12% of its assets in Potbelly shares.

PBPB Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Potbelly	77.44%	16.19%	6.37%
Sector	Consumer Cyclical Stocks	60.16%	14.23%	25.61%
Industry	Restaurants Stocks	71.15%	11.83%	17.02%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Nierenberg investment management company	2.98M	9.87%	$36.51M
Blackrock	1.91M	6.48%	$15.37M
Blackrock funding, inc. /de	1.89M	6.27%	$23.20M
Portolan capital management	1.67M	5.52%	$20.43M
Vanguard group	1.42M	4.76%	$13.42M
First eagle investment management	1.16M	3.88%	$10.94M
Renaissance	1.15M	3.84%	$10.83M
Punch & associates investment management	954.33K	3.16%	$11.69M
Heartland advisors	923.95K	3.09%	$8.70M
Western standard	927.59K	3.07%	$11.36M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Nierenberg investment management company	2.98M	19.40%	$36.51M
Western standard	927.59K	6.32%	$11.36M
Archon capital management	546.42K	5.49%	$6.69M
Soviero asset management, lp	240.00K	1.78%	$2.94M
Portolan capital management	1.67M	1.28%	$20.43M
Punch & associates investment management	954.33K	0.72%	$11.69M
Raffles associates lp	69.76K	0.71%	$657.15K
Manatuck hill partners	153.10K	0.71%	$1.88M
1492 capital management	114.30K	0.65%	$1.40M
Next century growth investors	603.00K	0.57%	$7.39M

Top Buyers

Holder	Shares	% Assets	Change
Portolan capital management	1.67M	1.28%	391.09K
Western standard	927.59K	6.32%	226.27K
Marshall wace, llp	383.36K	0.01%	209.90K
Assenagon asset management	188.56K	0.00%	127.59K
Punch & associates investment management	954.33K	0.72%	116.98K

Top Sellers

Holder	Shares	% Assets	Change
Readystate asset management lp	-	-	-283.27K
Vantage consulting group	-	-	-164.88K
Soviero asset management, lp	240.00K	1.78%	-143.00K
Millrace asset group	-	-	-137.48K
Centerbook partners lp	-	-	-119.05K

New Positions

Holder	Shares	% Assets	Change	Value
Sg americas securities	22.27K	0.00%	22.27K	$380.00K
Panagora asset management	21.71K	0.00%	21.71K	$204.55K
Hrt financial lp	11.68K	0.00%	11.68K	$143.00K
Kapitalo investimentos ltda	11.38K	0.03%	11.38K	$139.43K
Price t rowe associates inc /md/	10.35K	-	10.35K	$98.00K

Sold Out

Holder	Change
Parallel advisors	-4.00
Nelson, van denburg & campbell wealth management group	-6.00
Coppell advisory solutions	-35.00
Capital performance advisors llp	-70.00
Cornerstone planning group	-82.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Jun 30, 2025	126	7.69%	23,382,096	7.12%	77	1.45%	57	-	44	25.71%
Mar 31, 2025	119	2.59%	22,458,624	1.63%	75	1.38%	57	11.76%	36	2.86%
Dec 31, 2024	41	-63.72%	6,732,916	-68.07%	22	0.45%	15	-74.58%	10	-68.75%
Sep 30, 2024	112	-1.75%	21,084,251	1.00%	70	1.45%	59	-4.84%	32	-
Jun 30, 2024	113	-7.38%	20,874,697	-0.51%	70	1.37%	61	-12.86%	32	-13.51%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
Strategic Advisers U.S. Total Stock	944.72K	3.12%	37.22K
First Eagle US Small Cap Strategy	870.56K	2.89%	-2.94K
First Eagle Small Cap Opportunity I	863.36K	2.85%	-7.20K
Vanguard US Total Market Shares ETF	832.67K	2.79%	-
Vanguard Total Stock Mkt Idx Inv	814.61K	2.69%	-18.06K
Heartland Value Investor	650.00K	2.15%	-
iShares Russell 2000 ETF	630.12K	2.08%	-
Strategic Advisers U.S. Total Stock{mg}	619.09K	2.07%	98.23K
Strategic Advisers Small-Mid Cap	572.47K	1.91%	143.08K
Avantis US Small Cap Value ETF	411.23K	1.36%	2.78K

Recent Insider Transactions

Date	Name	Role	Activity	Value
Mar 28, 2025	Nierenberg David	-	Buy	$207.50K
Jan 07, 2025	Nierenberg David	-	Buy	$69.22K
Jan 07, 2025	Nierenberg David	-	Buy	$924.00
Dec 18, 2024	Nierenberg David	-	Buy	$14.95K
Dec 18, 2024	Nierenberg David	-	Buy	$29.42K

Insider Transactions Trends

Date	Buy	Sell
2025 Q2	-	-
2025 Q1	3	-
2024 Q4	2	-
2024 Q3	9	-
2024 Q2	4	-

PBPB Ownership FAQ

Who Owns Potbelly?

Potbelly shareholders are primarily institutional investors at 77.44%, followed by 16.19% insiders and 6.37% retail investors. The average institutional ownership in Potbelly's industry, Restaurants Stocks , is 71.15%, which Potbelly exceeds.

Who owns the most shares of Potbelly?

Potbelly’s largest shareholders are Nierenberg investment management company (2.98M shares, 9.87%), Blackrock (1.91M shares, 6.48%), and Blackrock funding, inc. /de (1.89M shares, 6.27%). Together, they hold 22.62% of Potbelly’s total shares outstanding.

Does Blackrock own Potbelly?

Yes, BlackRock owns 6.48% of Potbelly, totaling 1.91M shares as of Jun 2024. This represents 0.00% of BlackRock's total assets, with a market value of 15.37M$. In the last quarter, BlackRock increased its holdings by 58.16K shares, a 3.13% change.

Who is Potbelly’s biggest shareholder by percentage of total assets invested?

Nierenberg investment management company is Potbelly’s biggest shareholder by percentage of total assets invested, with 19.40% of its assets in 2.98M Potbelly shares, valued at 36.51M$.

Who is the top mutual fund holder of Potbelly shares?

Strategic Advisers U.S. Total Stock is the top mutual fund holder of Potbelly shares, with 3.12% of its total shares outstanding invested in 944.72K Potbelly shares.

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