Corbyn Investment Management Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), Corbyn Investment Management Inc. reported 56 stock positions worth $214.3 million. Its top holding was Republic Services (RSG) at 10.7% of the portfolio, followed by KBR (KBR, 6.7%) and Emcor (EME, 6.7%). Compared with Q4 2024, it sold out of 4, added to 35 and reduced 13. The biggest buy was Primo Brands (PRMB, shares +0%) and the biggest sale Alphabet Class C (GOOG, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- Lutherville, MD
- CIK
- 0000919538
- Portfolio Value
- $214.3M (Q1 2025)
- SEC Filing
- 0000919538-25-000002 ↗ filed May 9, 2025
Holdings Value
Holdings 56 stocks · $214.3M
| RSG Republic Services Inc. | 10.70% | 94,673 | $22.9M | Reduce -8.1% |
| KBR KBR Inc. | 6.70% | 288,424 | $14.4M | Add +0.4% |
| EME Emcor Group Inc. | 6.69% | 38,795 | $14.3M | Add +1.6% |
| PRMB Primo Brands Corp. | 6.09% | 367,933 | $13.1M | Add +0.3% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 4.36% | 131,377 | $9.3M | Add +0.9% |
| MYRG MYR Group Inc./Delaware | 4.36% | 82,571 | $9.3M | Add +0.6% |
| JCI Johnson Controls Internation | 3.63% | 97,043 | $7.8M | Reduce -5.7% |
| GOOG Alphabet Inc. Class C | 3.57% | 48,953 | $7.6M | Reduce -0.9% |
| DD Dupont DE Nemours Inc. | 3.01% | 86,442 | $6.5M | Add +0.6% |
| TMUS T-Mobile US Inc. | 2.90% | 23,336 | $6.2M | Reduce -2.3% |
| EOG EOG Resources Inc. | 2.51% | 41,864 | $5.4M | Add +0.7% |
| ALIT Alight Inc. Class A | 2.34% | 844,735 | $5.0M | Add +3.1% |
| V Visa Inc. Class A | 2.22% | 13,588 | $4.8M | Reduce -1.8% |
| CB Chubb Ltd. | 2.18% | 15,466 | $4.7M | Reduce -0.5% |
| ZD Ziff Davis Inc. | 1.99% | 113,637 | $4.3M | Add +2.9% |
| AMZN Amazon.com Inc. | 1.91% | 21,490 | $4.1M | Add +0.3% |
| KVUE Kenvue Inc. | 1.90% | 170,007 | $4.1M | Add +0.7% |
| AMH American Homes 4 Rent- A | 1.78% | 100,730 | $3.8M | Add +0.6% |
| LEVI Levi Strauss & Co. Class A | 1.74% | 239,476 | $3.7M | Add +0.8% |
| NEE Nextera Energy Inc. | 1.74% | 52,490 | $3.7M | Add +3.3% |
| ZBH Zimmer Biomet Holdings Inc. | 1.72% | 32,473 | $3.7M | Add +6.3% |
| MDT Medtronic PLC | 1.70% | 40,595 | $3.6M | Reduce -12.7% |
| NXT Nextpower Inc. filed as NEXTRACKER INC | 1.66% | 84,537 | $3.6M | Add +0.5% |
| DOX Amdocs Ltd. | 1.66% | 38,866 | $3.6M | Add +0.4% |
| DNB Dun & Bradstreet Holdings Inc. | 1.44% | 346,181 | $3.1M | Add +18.3% |
| FRST Primis Financial Corp. | 1.40% | 306,934 | $3.0M | Add +0.0% |
| EMR Emerson Electric Co. | 1.38% | 26,892 | $2.9M | Add +0.5% |
| BLKB Blackbaud Inc. | 1.29% | 44,505 | $2.8M | Add +21.4% |
| TFX Teleflex Inc. | 1.27% | 19,764 | $2.7M | Add +2.4% |
| FLEX Flex Ltd. | 1.16% | 74,846 | $2.5M | Add +0.1% |
| WH Wyndham Hotels & Resorts Inc. | 1.03% | 24,476 | $2.2M | Reduce -31.3% |
| SHBI Shore Bancshares Inc. | 1.00% | 157,644 | $2.1M | Add +0.0% |
| MTX Minerals Technologies Inc. | 0.90% | 30,438 | $1.9M | No change |
| WSFS WSFS Financial Corp. | 0.82% | 33,755 | $1.8M | Add +0.1% |
| WMS Advanced Drainage Systems Inc. | 0.80% | 15,812 | $1.7M | Add +11.9% |
| USFD US Foods Holding Corp. | 0.75% | 24,613 | $1.6M | Add +0.5% |
| UPS United Parcel Service Class B | 0.74% | 14,477 | $1.6M | Add +4.1% |
| SHW The Sherwin-Williams Co. | 0.72% | 4,415 | $1.5M | Add +0.4% |
| ABT Abbott Laboratories | 0.70% | 11,373 | $1.5M | Add +1.7% |
| RUSHA Rush Enterprises Inc. Class A | 0.69% | 27,801 | $1.5M | Add +0.1% |
| CDRE Cadre Holdings Inc. | 0.57% | 41,539 | $1.2M | Add +31.4% |
| NVT Nvent Electric PLC | 0.56% | 22,786 | $1.2M | Add +0.2% |
| AKAM Akamai Technologies Inc. | 0.53% | 14,198 | $1.1M | No change |
| RUSHB Rush Enterprises Inc. Class B | 0.46% | 17,328 | $979K | No change |
| DAR Darling Ingredients Inc. | 0.43% | 29,795 | $931K | No change |
| TAN Invesco Solar ETF | 0.35% | 24,729 | $753K | Reduce -16.7% |
| CNNE Cannae Holdings Inc. | 0.26% | 30,599 | $561K | No change |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.26% | 12,364 | $547K | Add +99.6% |
| JNJ Johnson & Johnson | 0.24% | 3,148 | $522K | Reduce -42.8% |
| OCFC Oceanfirst Financial Corp. | 0.24% | 30,012 | $511K | No change |
| SHLS Shoals Technologies Group -A | 0.22% | 141,688 | $470K | Add +32.3% |
| PSX Phillips 66 | 0.20% | 3,441 | $425K | No change |
| VGT Vanguard Info Tech ETF | 0.18% | 710 | $385K | Reduce -37.7% |
| MSFT Microsoft Corp. | 0.12% | 685 | $257K | Reduce -6.5% |
| AVGO Broadcom Inc. | 0.11% | 1,407 | $236K | Reduce -10.8% |
| KO The Coca-Cola Co. | 0.11% | 3,232 | $231K | No change |
Other holdings (7): bonds, preferreds, convertibles and warrants · $54.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 15,697,000 | $14.6M | Reduce -2.0% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 14,017,000 | $13.1M | Reduce -1.4% |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 12,386,000 | $12.0M | Add +35.1% |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | 7,450,000 | $7.2M | New |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 7,118,000 | $6.3M | Reduce -1.4% |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | 730,000 | $697K | No change |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 343,000 | $339K | New |
Total filed on the 13F, all lines: $268.6M.
Portfolio Sells Q4 2024 → Q1 2025
| GOOG Alphabet Inc. Class C | Reduce -0.9% | 3.57% | −0.60 |
| WH Wyndham Hotels & Resorts Inc. | Reduce -31.3% | 1.03% | −0.56 |
| VGT Vanguard Info Tech ETF | Reduce -37.7% | 0.18% | −0.13 |
| VCR Vanguard Consumer Discre ETF | Sold out | 0.00% | −0.12 |
| VHT Vanguard Health Care ETF | Sold out | 0.00% | −0.12 |
| JNJ Johnson & Johnson | Reduce -42.8% | 0.24% | −0.11 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −0.10 |
| CIBR First Trust Nasdaq Cybersecu | Sold out | 0.00% | −0.09 |
| TAN Invesco Solar ETF | Reduce -16.7% | 0.35% | −0.08 |
| AVGO Broadcom Inc. | Reduce -10.8% | 0.11% | −0.05 |
| MSFT Microsoft Corp. | Reduce -6.5% | 0.12% | −0.02 |
| JCI Johnson Controls Internation | Reduce -5.7% | 3.63% | +0.02 |
| MDT Medtronic PLC | Reduce -12.7% | 1.70% | +0.05 |
| CB Chubb Ltd. | Reduce -0.5% | 2.18% | +0.28 |
| V Visa Inc. Class A | Reduce -1.8% | 2.22% | +0.28 |
| TMUS T-Mobile US Inc. | Reduce -2.3% | 2.90% | +0.57 |
| RSG Republic Services Inc. | Reduce -8.1% | 10.70% | +1.51 |
Portfolio Buys Q4 2024 → Q1 2025
| PRMB Primo Brands Corp. | Add +0.3% | 6.09% | +1.09 |
| WRB WR Berkley Corp. | Add +0.9% | 4.36% | +0.98 |
| KVUE Kenvue Inc. | Add +0.7% | 1.90% | +0.30 |
| NXT Nextpower Inc. | Add +0.5% | 1.66% | +0.30 |
| ZBH Zimmer Biomet Holdings Inc. | Add +6.3% | 1.72% | +0.28 |
| EOG EOG Resources Inc. | Add +0.7% | 2.51% | +0.24 |
| DOX Amdocs Ltd. | Add +0.4% | 1.66% | +0.20 |
| ABT Abbott Laboratories | Add +1.7% | 0.70% | +0.14 |
| NEE Nextera Energy Inc. | Add +3.3% | 1.74% | +0.12 |
| CDRE Cadre Holdings Inc. | Add +31.4% | 0.57% | +0.12 |
| AMH American Homes 4 Rent- A | Add +0.6% | 1.78% | +0.12 |
| DD Dupont DE Nemours Inc. | Add +0.6% | 3.01% | +0.11 |
| BLKB Blackbaud Inc. | Add +21.4% | 1.29% | +0.09 |
| P Everpure Inc. Class A | Add +99.6% | 0.26% | +0.09 |
| WMS Advanced Drainage Systems Inc. | Add +11.9% | 0.80% | +0.08 |
| SHW The Sherwin-Williams Co. | Add +0.4% | 0.72% | +0.06 |
| WSFS WSFS Financial Corp. | Add +0.1% | 0.82% | +0.02 |
| USFD US Foods Holding Corp. | Add +0.5% | 0.75% | +0.02 |
| RUSHA Rush Enterprises Inc. Class A | Add +0.1% | 0.69% | +0.02 |
| UPS United Parcel Service Class B | Add +4.1% | 0.74% | −0.03 |
| SHLS Shoals Technologies Group -A | Add +32.3% | 0.22% | −0.04 |
| LEVI Levi Strauss & Co. Class A | Add +0.8% | 1.74% | −0.08 |
| EMR Emerson Electric Co. | Add +0.5% | 1.38% | −0.09 |
| SHBI Shore Bancshares Inc. | Add +0.0% | 1.00% | −0.11 |
| FLEX Flex Ltd. | Add +0.1% | 1.16% | −0.12 |
| NVT Nvent Electric PLC | Add +0.2% | 0.56% | −0.13 |
| DNB Dun & Bradstreet Holdings Inc. | Add +18.3% | 1.44% | −0.17 |
| AMZN Amazon.com Inc. | Add +0.3% | 1.91% | −0.18 |
| ALIT Alight Inc. Class A | Add +3.1% | 2.34% | −0.18 |
| FRST Primis Financial Corp. | Add +0.0% | 1.40% | −0.19 |
| TFX Teleflex Inc. | Add +2.4% | 1.27% | −0.25 |
| ZD Ziff Davis Inc. | Add +2.9% | 1.99% | −0.67 |
| KBR KBR Inc. | Add +0.4% | 6.70% | −0.67 |
| EME Emcor Group Inc. | Add +1.6% | 6.69% | −1.00 |
| MYRG MYR Group Inc./Delaware | Add +0.6% | 4.36% | −1.06 |
Notes & Other Activity Q4 2024 → Q1 2025
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Reduce -2.0% | 15,697,000 | $14.6M |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | Reduce -1.4% | 14,017,000 | $13.1M |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | Add +35.1% | 12,386,000 | $12.0M |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | New | 7,450,000 | $7.2M |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | Sold out | 7,230,000 | $6.8Mbefore exit |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | Reduce -1.4% | 7,118,000 | $6.3M |
| CHEGG INC (CHGG 0.125 03/15/25) | NOTE 0.125% 3/1 · principal | Sold out | 3,538,000 | $3.4Mbefore exit |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | New | 343,000 | $339K |
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 |