Corbyn Investment Management Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Corbyn Investment Management Inc. reported 60 stock positions worth $225.5 million. Its top holding was Republic Services (RSG) at 9.2% of the portfolio, followed by Emcor (EME, 7.7%) and KBR (KBR, 7.4%). Compared with Q3 2024, it opened 1 new position, sold out of 1, added to 10 and reduced 42. The biggest buy was Teleflex (TFX, shares +917%) and the biggest sale T-Mobile US (TMUS, shares −37%).
- Most Recent 13F
- Q2 2026
- Location
- Lutherville, MD
- CIK
- 0000919538
- Portfolio Value
- $225.5M (Q4 2024)
- SEC Filing
- 0000919538-25-000001 ↗ filed Feb 12, 2025
Holdings Value
Holdings 60 stocks · $225.5M
| RSG Republic Services Inc. | 9.19% | 103,023 | $20.7M | Reduce -6.8% |
| EME Emcor Group Inc. | 7.69% | 38,194 | $17.3M | Reduce -6.8% |
| KBR KBR Inc. | 7.38% | 287,232 | $16.6M | Reduce -0.2% |
| MYRG MYR Group Inc./Delaware | 5.41% | 82,084 | $12.2M | Reduce -0.5% |
| PRMB Primo Brands Corp. | 5.01% | 366,875 | $11.3M | Reduce -0.3% |
| GOOG Alphabet Inc. Class C | 4.17% | 49,408 | $9.4M | Reduce -5.9% |
| JCI Johnson Controls Internation | 3.60% | 102,956 | $8.1M | Reduce -16.6% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 3.38% | 130,227 | $7.6M | Add +0.1% |
| DD Dupont DE Nemours Inc. | 2.91% | 85,936 | $6.6M | Reduce -0.2% |
| ZD Ziff Davis Inc. | 2.66% | 110,438 | $6.0M | Reduce -0.1% |
| ALIT Alight Inc. Class A | 2.51% | 819,657 | $5.7M | Add +14.7% |
| TMUS T-Mobile US Inc. | 2.34% | 23,883 | $5.3M | Reduce -36.7% |
| EOG EOG Resources Inc. | 2.26% | 41,588 | $5.1M | Reduce -0.1% |
| AMZN Amazon.com Inc. | 2.08% | 21,428 | $4.7M | Reduce -3.3% |
| V Visa Inc. Class A | 1.94% | 13,837 | $4.4M | Reduce -3.8% |
| CB Chubb Ltd. | 1.90% | 15,545 | $4.3M | Reduce -0.6% |
| LEVI Levi Strauss & Co. Class A | 1.82% | 237,518 | $4.1M | Add +0.4% |
| AMH American Homes 4 Rent- A | 1.66% | 100,115 | $3.7M | Reduce -0.6% |
| MDT Medtronic PLC | 1.65% | 46,513 | $3.7M | Reduce -0.3% |
| DNB Dun & Bradstreet Holdings Inc. | 1.62% | 292,701 | $3.6M | Reduce -0.0% |
| NEE Nextera Energy Inc. | 1.61% | 50,805 | $3.6M | Reduce -0.1% |
| KVUE Kenvue Inc. | 1.60% | 168,859 | $3.6M | Reduce -0.1% |
| WH Wyndham Hotels & Resorts Inc. | 1.59% | 35,605 | $3.6M | Reduce -38.1% |
| FRST Primis Financial Corp. | 1.59% | 306,932 | $3.6M | Reduce -4.4% |
| TFX Teleflex Inc. | 1.52% | 19,304 | $3.4M | Add +916.5% |
| EMR Emerson Electric Co. | 1.47% | 26,749 | $3.3M | Reduce -0.6% |
| DOX Amdocs Ltd. | 1.46% | 38,714 | $3.3M | Reduce -0.1% |
| ZBH Zimmer Biomet Holdings Inc. | 1.43% | 30,542 | $3.2M | Add +5.6% |
| NXT Nextpower Inc. filed as NEXTRACKER INC | 1.36% | 84,116 | $3.1M | Add +1.1% |
| FLEX Flex Ltd. | 1.27% | 74,806 | $2.9M | Reduce -0.5% |
| BLKB Blackbaud Inc. | 1.20% | 36,664 | $2.7M | Add +19.9% |
| SHBI Shore Bancshares Inc. | 1.11% | 157,589 | $2.5M | Reduce -0.2% |
| MTX Minerals Technologies Inc. | 1.03% | 30,438 | $2.3M | No change |
| WSFS WSFS Financial Corp. | 0.79% | 33,735 | $1.8M | Reduce -2.6% |
| UPS United Parcel Service Class B | 0.78% | 13,905 | $1.8M | Add +1.2% |
| USFD US Foods Holding Corp. | 0.73% | 24,486 | $1.7M | No change |
| WMS Advanced Drainage Systems Inc. | 0.72% | 14,131 | $1.6M | Add +93.2% |
| NVT Nvent Electric PLC | 0.69% | 22,748 | $1.6M | Reduce -0.3% |
| RUSHA Rush Enterprises Inc. Class A | 0.67% | 27,765 | $1.5M | Reduce -0.3% |
| SHW The Sherwin-Williams Co. | 0.66% | 4,398 | $1.5M | Reduce -1.1% |
| AKAM Akamai Technologies Inc. | 0.60% | 14,198 | $1.4M | Reduce -0.3% |
| ABT Abbott Laboratories | 0.56% | 11,178 | $1.3M | Reduce -0.4% |
| CDRE Cadre Holdings Inc. | 0.45% | 31,604 | $1.0M | New |
| DAR Darling Ingredients Inc. | 0.45% | 29,795 | $1.0M | Add +0.4% |
| TAN Invesco Solar ETF | 0.44% | 29,689 | $983K | Reduce -13.4% |
| RUSHB Rush Enterprises Inc. Class B | 0.42% | 17,328 | $943K | No change |
| JNJ Johnson & Johnson | 0.35% | 5,507 | $796K | Reduce -15.1% |
| VGT Vanguard Info Tech ETF | 0.31% | 1,139 | $708K | Reduce -29.0% |
| CNNE Cannae Holdings Inc. | 0.27% | 30,599 | $608K | No change |
| SHLS Shoals Technologies Group -A | 0.26% | 107,113 | $592K | Reduce -31.2% |
| OCFC Oceanfirst Financial Corp. | 0.24% | 30,012 | $543K | No change |
| PSX Phillips 66 | 0.17% | 3,441 | $392K | No change |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.17% | 6,195 | $381K | No change |
| AVGO Broadcom Inc. | 0.16% | 1,578 | $366K | Reduce -7.7% |
| MSFT Microsoft Corp. | 0.14% | 733 | $309K | Reduce -9.8% |
| VCR Vanguard Consumer Discre ETF | 0.12% | 725 | $272K | Reduce -31.1% |
| VHT Vanguard Health Care ETF | 0.12% | 1,026 | $260K | Reduce -26.5% |
| JPM JPMorgan Chase & Co. | 0.10% | 988 | $237K | Reduce -15.8% |
| CIBR First Trust Nasdaq Cybersecu | 0.09% | 3,204 | $203K | Reduce -13.1% |
| KO The Coca-Cola Co. | 0.09% | 3,232 | $201K | Reduce -0.9% |
Other holdings (7): bonds, preferreds, convertibles and warrants · $53.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 16,025,000 | $14.2M | Add +20.1% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 14,218,000 | $13.2M | Add +0.6% |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 9,169,000 | $8.8M | New |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | 7,230,000 | $6.8M | Reduce -0.3% |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 7,216,000 | $6.3M | Add +65.6% |
| CHEGG INC (CHGG 0.125 03/15/25) | NOTE 0.125% 3/1 · principal | 3,538,000 | $3.4M | New |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | 730,000 | $687K | Add +20.9% |
Total filed on the 13F, all lines: $279.0M.
Portfolio Sells Q3 2024 → Q4 2024
| TMUS T-Mobile US Inc. | Reduce -36.7% | 2.34% | −1.11 |
| KBR KBR Inc. | Reduce -0.2% | 7.38% | −0.91 |
| JCI Johnson Controls Internation | Reduce -16.6% | 3.60% | −0.63 |
| RSG Republic Services Inc. | Reduce -6.8% | 9.19% | −0.63 |
| DD Dupont DE Nemours Inc. | Reduce -0.2% | 2.91% | −0.49 |
| WH Wyndham Hotels & Resorts Inc. | Reduce -38.1% | 1.59% | −0.40 |
| NEE Nextera Energy Inc. | Reduce -0.1% | 1.61% | −0.29 |
| TAN Invesco Solar ETF | Reduce -13.4% | 0.44% | −0.22 |
| MDT Medtronic PLC | Reduce -0.3% | 1.65% | −0.21 |
| FRST Primis Financial Corp. | Reduce -4.4% | 1.59% | −0.14 |
| KVUE Kenvue Inc. | Reduce -0.1% | 1.60% | −0.13 |
| SHLS Shoals Technologies Group -A | Reduce -31.2% | 0.26% | −0.12 |
| EME Emcor Group Inc. | Reduce -6.8% | 7.69% | −0.12 |
| JNJ Johnson & Johnson | Reduce -15.1% | 0.35% | −0.11 |
| VGT Vanguard Info Tech ETF | Reduce -29.0% | 0.31% | −0.10 |
| IAI iShares U.S. Broker-Dealers | Sold out | 0.00% | −0.10 |
| CB Chubb Ltd. | Reduce -0.6% | 1.90% | −0.09 |
| SHW The Sherwin-Williams Co. | Reduce -1.1% | 0.66% | −0.09 |
| VHT Vanguard Health Care ETF | Reduce -26.5% | 0.12% | −0.06 |
| AMH American Homes 4 Rent- A | Reduce -0.6% | 1.66% | −0.05 |
| DOX Amdocs Ltd. | Reduce -0.1% | 1.46% | −0.04 |
| VCR Vanguard Consumer Discre ETF | Reduce -31.1% | 0.12% | −0.04 |
| AKAM Akamai Technologies Inc. | Reduce -0.3% | 0.60% | −0.03 |
| NVT Nvent Electric PLC | Reduce -0.3% | 0.69% | −0.02 |
| MSFT Microsoft Corp. | Reduce -9.8% | 0.14% | −0.02 |
| KO The Coca-Cola Co. | Reduce -0.9% | 0.09% | −0.01 |
| CIBR First Trust Nasdaq Cybersecu | Reduce -13.1% | 0.09% | −0.01 |
| ABT Abbott Laboratories | Reduce -0.4% | 0.56% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -15.8% | 0.10% | −0.00 |
| EOG EOG Resources Inc. | Reduce -0.1% | 2.26% | −0.00 |
| WSFS WSFS Financial Corp. | Reduce -2.6% | 0.79% | +0.01 |
| RUSHA Rush Enterprises Inc. Class A | Reduce -0.3% | 0.67% | +0.02 |
| AVGO Broadcom Inc. | Reduce -7.7% | 0.16% | +0.03 |
| DNB Dun & Bradstreet Holdings Inc. | Reduce -0.0% | 1.62% | +0.13 |
| SHBI Shore Bancshares Inc. | Reduce -0.2% | 1.11% | +0.13 |
| FLEX Flex Ltd. | Reduce -0.5% | 1.27% | +0.16 |
| EMR Emerson Electric Co. | Reduce -0.6% | 1.47% | +0.17 |
| V Visa Inc. Class A | Reduce -3.8% | 1.94% | +0.19 |
| AMZN Amazon.com Inc. | Reduce -3.3% | 2.08% | +0.26 |
| ZD Ziff Davis Inc. | Reduce -0.1% | 2.66% | +0.28 |
| GOOG Alphabet Inc. Class C | Reduce -5.9% | 4.17% | +0.29 |
| PRMB Primo Brands Corp. | Reduce -0.3% | 5.01% | +0.89 |
| MYRG MYR Group Inc./Delaware | Reduce -0.5% | 5.41% | +1.69 |
Portfolio Buys Q3 2024 → Q4 2024
| TFX Teleflex Inc. | Add +916.5% | 1.52% | +1.32 |
| CDRE Cadre Holdings Inc. | New | 0.45% | +0.45 |
| WMS Advanced Drainage Systems Inc. | Add +93.2% | 0.72% | +0.22 |
| ALIT Alight Inc. Class A | Add +14.7% | 2.51% | +0.18 |
| WRB WR Berkley Corp. | Add +0.1% | 3.38% | +0.12 |
| BLKB Blackbaud Inc. | Add +19.9% | 1.20% | +0.06 |
| ZBH Zimmer Biomet Holdings Inc. | Add +5.6% | 1.43% | +0.05 |
| NXT Nextpower Inc. | Add +1.1% | 1.36% | −0.02 |
| DAR Darling Ingredients Inc. | Add +0.4% | 0.45% | −0.04 |
| UPS United Parcel Service Class B | Add +1.2% | 0.78% | −0.05 |
| LEVI Levi Strauss & Co. Class A | Add +0.4% | 1.82% | −0.46 |
Notes & Other Activity Q3 2024 → Q4 2024
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Add +20.1% | 16,025,000 | $14.2M |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | Add +0.6% | 14,218,000 | $13.2M |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | New | 9,169,000 | $8.8M |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | Reduce -0.3% | 7,230,000 | $6.8M |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | Add +65.6% | 7,216,000 | $6.3M |
| CHEGG INC (CHGG 0.125 03/15/25) | NOTE 0.125% 3/1 · principal | New | 3,538,000 | $3.4M |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | Add +20.9% | 730,000 | $687K |
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 |