Corbyn Investment Management Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 7, 2024), Corbyn Investment Management Inc. reported 60 stock positions worth $226.1 million. Its top holding was Republic Services (RSG) at 9.8% of the portfolio, followed by KBR (KBR, 8.3%) and Emcor (EME, 7.8%). Compared with Q2 2024, it added to 10 and reduced 30. The biggest buy was Zimmer Biomet (ZBH, shares +93%) and the biggest sale Republic Services (RSG, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- Lutherville, MD
- CIK
- 0000919538
- Portfolio Value
- $226.1M (Q3 2024)
- SEC Filing
- 0000919538-24-000004 ↗ filed Nov 7, 2024
Holdings Value
Holdings 60 stocks · $226.1M
| RSG Republic Services Inc. | 9.82% | 110,527 | $22.2M | Reduce -6.8% |
| KBR KBR Inc. | 8.29% | 287,781 | $18.7M | Reduce -0.2% |
| EME Emcor Group Inc. | 7.80% | 40,977 | $17.6M | Reduce -8.6% |
| JCI Johnson Controls Internation | 4.24% | 123,437 | $9.6M | Reduce -0.9% |
| PRMW Primo Water Corp. | 4.11% | 368,042 | $9.3M | Reduce -0.2% |
| GOOG Alphabet Inc. Class C | 3.88% | 52,506 | $8.8M | Reduce -1.3% |
| MYRG MYR Group Inc./Delaware | 3.73% | 82,455 | $8.4M | Add +0.1% |
| TMUS T-Mobile US Inc. | 3.44% | 37,733 | $7.8M | Reduce -14.7% |
| DD Dupont DE Nemours Inc. | 3.39% | 86,088 | $7.7M | Reduce -0.2% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 3.26% | 130,065 | $7.4M | Reduce -0.2% |
| ZD Ziff Davis Inc. | 2.38% | 110,564 | $5.4M | Reduce -0.1% |
| ALIT Alight Inc. Class A | 2.34% | 714,823 | $5.3M | Add +4.2% |
| LEVI Levi Strauss & Co. Class A | 2.28% | 236,589 | $5.2M | Reduce -0.2% |
| EOG EOG Resources Inc. | 2.26% | 41,638 | $5.1M | Reduce -0.2% |
| CB Chubb Ltd. | 1.99% | 15,638 | $4.5M | Reduce -4.3% |
| WH Wyndham Hotels & Resorts Inc. | 1.99% | 57,484 | $4.5M | Reduce -1.0% |
| NEE Nextera Energy Inc. | 1.90% | 50,871 | $4.3M | Reduce -3.1% |
| MDT Medtronic PLC | 1.86% | 46,630 | $4.2M | Reduce -15.1% |
| AMZN Amazon.com Inc. | 1.83% | 22,166 | $4.1M | Reduce -1.2% |
| V Visa Inc. Class A | 1.75% | 14,378 | $4.0M | Reduce -0.5% |
| FRST Primis Financial Corp. | 1.73% | 321,150 | $3.9M | Reduce -2.9% |
| KVUE Kenvue Inc. | 1.73% | 169,014 | $3.9M | Reduce -0.2% |
| AMH American Homes 4 Rent- A | 1.71% | 100,717 | $3.9M | Reduce -1.6% |
| DOX Amdocs Ltd. | 1.50% | 38,764 | $3.4M | Reduce -0.1% |
| DNB Dun & Bradstreet Holdings Inc. | 1.49% | 292,756 | $3.4M | Reduce -4.1% |
| ZBH Zimmer Biomet Holdings Inc. | 1.38% | 28,931 | $3.1M | Add +93.3% |
| NXT Nextpower Inc. filed as NEXTRACKER INC | 1.38% | 83,222 | $3.1M | Add +121.4% |
| EMR Emerson Electric Co. | 1.30% | 26,919 | $2.9M | Reduce -1.4% |
| BLKB Blackbaud Inc. | 1.15% | 30,569 | $2.6M | Reduce -0.2% |
| FLEX Flex Ltd. | 1.11% | 75,174 | $2.5M | No change |
| MTX Minerals Technologies Inc. | 1.04% | 30,438 | $2.4M | Add +9.8% |
| SHBI Shore Bancshares Inc. | 0.98% | 157,953 | $2.2M | No change |
| UPS United Parcel Service Class B | 0.83% | 13,738 | $1.9M | Add +0.3% |
| WSFS WSFS Financial Corp. | 0.78% | 34,651 | $1.8M | No change |
| SHW The Sherwin-Williams Co. | 0.75% | 4,448 | $1.7M | Reduce -0.5% |
| NVT Nvent Electric PLC | 0.71% | 22,822 | $1.6M | No change |
| USFD US Foods Holding Corp. | 0.67% | 24,486 | $1.5M | No change |
| TAN Invesco Solar ETF | 0.65% | 34,286 | $1.5M | Reduce -34.8% |
| RUSHA Rush Enterprises Inc. Class A | 0.65% | 27,834 | $1.5M | No change |
| AKAM Akamai Technologies Inc. | 0.64% | 14,236 | $1.4M | No change |
| ABT Abbott Laboratories | 0.57% | 11,223 | $1.3M | No change |
| WMS Advanced Drainage Systems Inc. | 0.51% | 7,316 | $1.1M | No change |
| DAR Darling Ingredients Inc. | 0.49% | 29,676 | $1.1M | Add +1.6% |
| JNJ Johnson & Johnson | 0.47% | 6,489 | $1.1M | Reduce -7.5% |
| VGT Vanguard Info Tech ETF | 0.42% | 1,605 | $941K | Add +1.1% |
| SHLS Shoals Technologies Group -A | 0.39% | 155,778 | $874K | Add +7.6% |
| RUSHB Rush Enterprises Inc. Class B | 0.37% | 17,328 | $831K | No change |
| CNNE Cannae Holdings Inc. | 0.26% | 30,599 | $583K | No change |
| OCFC Oceanfirst Financial Corp. | 0.25% | 30,012 | $558K | No change |
| TFX Teleflex Inc. | 0.21% | 1,899 | $470K | No change |
| PSX Phillips 66 | 0.20% | 3,441 | $452K | No change |
| VHT Vanguard Health Care ETF | 0.17% | 1,396 | $394K | No change |
| VCR Vanguard Consumer Discre ETF | 0.16% | 1,052 | $358K | Add +1.8% |
| MSFT Microsoft Corp. | 0.15% | 813 | $350K | No change |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.14% | 6,195 | $311K | No change |
| AVGO Broadcom Inc. | 0.13% | 1,710 | $295K | No change |
| JPM JPMorgan Chase & Co. | 0.11% | 1,173 | $247K | Reduce -1.4% |
| KO The Coca-Cola Co. | 0.10% | 3,263 | $234K | Reduce -0.7% |
| IAI iShares U.S. Broker-Dealers | 0.10% | 1,721 | $221K | No change |
| CIBR First Trust Nasdaq Cybersecu | 0.10% | 3,687 | $218K | No change |
Other holdings (5): bonds, preferreds, convertibles and warrants · $35.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 14,134,000 | $13.0M | New |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 13,339,000 | $11.8M | Add +33.4% |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | 7,250,000 | $6.6M | Add +141.7% |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 4,357,000 | $3.7M | Reduce -1.8% |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | 604,000 | $556K | Add +18.4% |
Total filed on the 13F, all lines: $261.7M.
Portfolio Sells Q2 2024 → Q3 2024
| RSG Republic Services Inc. | Reduce -6.8% | 9.82% | −0.77 |
| GOOG Alphabet Inc. Class C | Reduce -1.3% | 3.88% | −0.60 |
| ZD Ziff Davis Inc. | Reduce -0.1% | 2.38% | −0.42 |
| TAN Invesco Solar ETF | Reduce -34.8% | 0.65% | −0.32 |
| KBR KBR Inc. | Reduce -0.2% | 8.29% | −0.21 |
| AMZN Amazon.com Inc. | Reduce -1.2% | 1.83% | −0.17 |
| EOG EOG Resources Inc. | Reduce -0.2% | 2.26% | −0.15 |
| TMUS T-Mobile US Inc. | Reduce -14.7% | 3.44% | −0.14 |
| MDT Medtronic PLC | Reduce -15.1% | 1.86% | −0.13 |
| EMR Emerson Electric Co. | Reduce -1.4% | 1.30% | −0.08 |
| AMH American Homes 4 Rent- A | Reduce -1.6% | 1.71% | −0.04 |
| JNJ Johnson & Johnson | Reduce -7.5% | 0.47% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -1.4% | 0.11% | −0.00 |
| V Visa Inc. Class A | Reduce -0.5% | 1.75% | +0.01 |
| KO The Coca-Cola Co. | Reduce -0.7% | 0.10% | +0.01 |
| WH Wyndham Hotels & Resorts Inc. | Reduce -1.0% | 1.99% | +0.01 |
| BLKB Blackbaud Inc. | Reduce -0.2% | 1.15% | +0.07 |
| CB Chubb Ltd. | Reduce -4.3% | 1.99% | +0.08 |
| DOX Amdocs Ltd. | Reduce -0.1% | 1.50% | +0.09 |
| WRB WR Berkley Corp. | Reduce -0.2% | 3.26% | +0.13 |
| FRST Primis Financial Corp. | Reduce -2.9% | 1.73% | +0.14 |
| SHW The Sherwin-Williams Co. | Reduce -0.5% | 0.75% | +0.14 |
| LEVI Levi Strauss & Co. Class A | Reduce -0.2% | 2.28% | +0.18 |
| DNB Dun & Bradstreet Holdings Inc. | Reduce -4.1% | 1.49% | +0.19 |
| NEE Nextera Energy Inc. | Reduce -3.1% | 1.90% | +0.19 |
| DD Dupont DE Nemours Inc. | Reduce -0.2% | 3.39% | +0.20 |
| EME Emcor Group Inc. | Reduce -8.6% | 7.80% | +0.28 |
| KVUE Kenvue Inc. | Reduce -0.2% | 1.73% | +0.31 |
| PRMW Primo Water Corp. | Reduce -0.2% | 4.11% | +0.41 |
| JCI Johnson Controls Internation | Reduce -0.9% | 4.24% | +0.43 |
Portfolio Buys Q2 2024 → Q3 2024
| ZBH Zimmer Biomet Holdings Inc. | Add +93.3% | 1.38% | +0.63 |
| NXT Nextpower Inc. | Add +121.4% | 1.38% | +0.57 |
| ALIT Alight Inc. Class A | Add +4.2% | 2.34% | +0.01 |
| VCR Vanguard Consumer Discre ETF | Add +1.8% | 0.16% | +0.01 |
| VGT Vanguard Info Tech ETF | Add +1.1% | 0.42% | −0.00 |
| DAR Darling Ingredients Inc. | Add +1.6% | 0.49% | −0.01 |
| MTX Minerals Technologies Inc. | Add +9.8% | 1.04% | −0.02 |
| SHLS Shoals Technologies Group -A | Add +7.6% | 0.39% | −0.03 |
| UPS United Parcel Service Class B | Add +0.3% | 0.83% | −0.03 |
| MYRG MYR Group Inc./Delaware | Add +0.1% | 3.73% | −1.41 |
Notes & Other Activity Q2 2024 → Q3 2024
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | New | 14,134,000 | $13.0M |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Add +33.4% | 13,339,000 | $11.8M |
| WESCO INTERNATIONAL INC (WCC V10.625 PERP A) | COM | Sold out | 362,017 | $9.4Mbefore exit |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | Add +141.7% | 7,250,000 | $6.6M |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | Reduce -1.8% | 4,357,000 | $3.7M |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | Add +18.4% | 604,000 | $556K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 53 | $247.7M | MYRG, EME, RSG, GOOG, JCI |
| Q1 2026 | 51 | $213.7M | EME, RSG, MYRG, JCI, GOOG |
| Q4 2025 | 54 | $212.0M | EME, RSG, MYRG, GOOG, KBR |
| Q3 2025 | 52 | $220.0M | EME, RSG, MYRG, KBR, GOOG |
| Q2 2025 | 55 | $221.2M | RSG, EME, MYRG, KBR, PRMB |
| Q1 2025 | 56 | $214.3M | RSG, KBR, EME, PRMB, WRB |
| Q4 2024 | 60 | $225.5M | RSG, EME, KBR, MYRG, PRMB |
| Q3 2024 | 60 | $226.1M | RSG, KBR, EME, JCI, PRMW |
| Q2 2024 | 60 | $217.5M | RSG, KBR, EME, MYRG, GOOG |
| Q1 2024 | 60 | $225.6M | RSG, KBR, EME, MYRG, GOOG |