Corbyn Investment Management Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 13, 2026), Corbyn Investment Management Inc. reported 54 stock positions worth $212.0 million. Its top holding was Emcor (EME) at 8.8% of the portfolio, followed by Republic Services (RSG, 8.6%) and MYR Group Inc./Delaware (MYRG, 7.1%). Compared with Q3 2025, it opened 1 new position, added to 9 and reduced 34. The biggest buy was Amdocs (DOX, shares +17%) and the biggest sale Dupont DE Nemours (DD, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- Lutherville, MD
- CIK
- 0000919538
- Portfolio Value
- $212.0M (Q4 2025)
- SEC Filing
- 0001999371-26-000774 ↗ filed Jan 13, 2026
Holdings Value
Holdings 54 stocks · $212.0M
| EME Emcor Group Inc. | 8.80% | 30,490 | $18.7M | Reduce -7.3% |
| RSG Republic Services Inc. | 8.62% | 86,246 | $18.3M | Reduce -1.8% |
| MYRG MYR Group Inc./Delaware | 7.13% | 69,163 | $15.1M | Reduce -7.0% |
| GOOG Alphabet Inc. Class C | 5.85% | 39,494 | $12.4M | Reduce -11.5% |
| KBR KBR Inc. | 5.29% | 279,006 | $11.2M | Reduce -1.5% |
| JCI Johnson Controls Internation | 5.26% | 93,060 | $11.1M | Reduce -1.9% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 4.25% | 128,425 | $9.0M | Add +0.2% |
| NXT Nextpower Inc. | 3.35% | 81,638 | $7.1M | Reduce -1.6% |
| PRMB Primo Brands Corp. | 3.02% | 391,646 | $6.4M | Add +8.0% |
| AMZN Amazon.com Inc. | 2.19% | 20,147 | $4.7M | Reduce -2.9% |
| EOG EOG Resources Inc. | 2.05% | 41,401 | $4.3M | Add +0.6% |
| V Visa Inc. Class A | 2.05% | 12,380 | $4.3M | Reduce -3.6% |
| TMUS T-Mobile US Inc. | 2.01% | 20,982 | $4.3M | Add +6.2% |
| FLEX Flex Ltd. | 2.00% | 70,281 | $4.2M | Reduce -3.3% |
| CB Chubb Ltd. | 1.90% | 12,881 | $4.0M | Reduce -2.5% |
| NEE Nextera Energy Inc. | 1.89% | 49,909 | $4.0M | Reduce -2.3% |
| FRST Primis Financial Corp. | 1.81% | 275,154 | $3.8M | Reduce -0.3% |
| DOX Amdocs Ltd. | 1.69% | 44,394 | $3.6M | Add +17.1% |
| MDT Medtronic PLC | 1.65% | 36,517 | $3.5M | Reduce -4.3% |
| EMR Emerson Electric Co. | 1.64% | 26,137 | $3.5M | Reduce -1.8% |
| ALIT Alight Inc. Class A | 1.63% | 1,767,663 | $3.4M | Add +24.9% |
| Q Qnity Electronics Inc. | 1.61% | 41,735 | $3.4M | Reduce -1.7% |
| DD Dupont DE Nemours Inc. | 1.58% | 83,497 | $3.4M | Reduce -1.7% |
| ZD Ziff Davis Inc. | 1.55% | 93,252 | $3.3M | Reduce -15.1% |
| KVUE Kenvue Inc. | 1.51% | 185,538 | $3.2M | Reduce -5.9% |
| AMH American Homes 4 Rent- A | 1.45% | 95,967 | $3.1M | Reduce -2.5% |
| ZBH Zimmer Biomet Holdings Inc. | 1.44% | 33,867 | $3.0M | Add +4.5% |
| BLKB Blackbaud Inc. | 1.41% | 47,074 | $3.0M | Reduce -2.3% |
| LEVI Levi Strauss & Co. Class A | 1.29% | 131,404 | $2.7M | Reduce -2.3% |
| SHBI Shore Bancshares Inc. | 1.21% | 144,593 | $2.6M | Reduce -6.9% |
| NVT Nvent Electric PLC | 1.09% | 22,747 | $2.3M | No change |
| WMS Advanced Drainage Systems Inc. | 1.05% | 15,420 | $2.2M | Reduce -0.5% |
| CDRE Cadre Holdings Inc. | 0.94% | 49,001 | $2.0M | No change |
| MTX Minerals Technologies Inc. | 0.88% | 30,438 | $1.9M | No change |
| USFD US Foods Holding Corp. | 0.87% | 24,613 | $1.9M | No change |
| WSFS WSFS Financial Corp. | 0.85% | 32,585 | $1.8M | Reduce -3.3% |
| WH Wyndham Hotels & Resorts Inc. | 0.84% | 23,532 | $1.8M | Reduce -2.3% |
| RUSHA Rush Enterprises Inc. Class A | 0.68% | 26,582 | $1.4M | Reduce -1.7% |
| UPS United Parcel Service Class B | 0.64% | 13,603 | $1.3M | Reduce -2.8% |
| SHW The Sherwin-Williams Co. | 0.63% | 4,130 | $1.3M | Reduce -3.4% |
| ABT Abbott Laboratories | 0.61% | 10,316 | $1.3M | Reduce -0.1% |
| AKAM Akamai Technologies Inc. | 0.56% | 13,554 | $1.2M | Reduce -0.7% |
| ROP Roper Technologies Inc. | 0.55% | 2,599 | $1.2M | No change |
| CNNE Cannae Holdings Inc. | 0.51% | 69,182 | $1.1M | Add +26.7% |
| RUSHB Rush Enterprises Inc. Class B | 0.46% | 17,328 | $975K | No change |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.42% | 13,289 | $890K | No change |
| OCFC Oceanfirst Financial Corp. | 0.25% | 30,012 | $539K | No change |
| PSX Phillips 66 | 0.21% | 3,387 | $437K | Reduce -1.6% |
| AVGO Broadcom Inc. | 0.20% | 1,220 | $422K | Reduce -9.5% |
| MSFT Microsoft Corp. | 0.20% | 861 | $416K | Add +26.6% |
| VGT Vanguard Info Tech ETF | 0.14% | 402 | $303K | Reduce -26.5% |
| SHLS Shoals Technologies Group -A | 0.14% | 34,500 | $293K | No change |
| AAPL Apple Inc. | 0.10% | 777 | $211K | New |
| JPM JPMorgan Chase & Co. | 0.10% | 655 | $211K | No change |
Other holdings (15): bonds, preferreds, convertibles and warrants · $130.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 · principal | 17,791,000 | $15.5M | Add +54.6% |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 15,605,000 | $15.4M | Reduce -0.8% |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | 14,855,000 | $14.8M | Reduce -3.3% |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | 15,081,000 | $14.6M | Add +20.8% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 14,127,000 | $13.6M | Reduce -1.9% |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | 12,189,000 | $12.1M | Reduce -3.3% |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | 11,410,000 | $11.3M | Add +6.3% |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 11,802,000 | $11.0M | Reduce -1.1% |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 6,538,000 | $6.1M | Reduce -4.8% |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | 5,117,000 | $5.1M | Add +3.1% |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | 5,124,000 | $4.8M | New |
| LUCID GROUP INC (LCID 1.25 12/15/26) | 1.250 12/15/26 CVT · principal | 3,195,000 | $3.0M | Add +6.5% |
| PENNYMAC CORP (PMT 8.5 06/01/29) | NOTE 8.500% 6/0 · principal | 1,500,000 | $1.6M | No change |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | 825,000 | $815K | Add +1.4% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 526,000 | $506K | No change |
Total filed on the 13F, all lines: $342.3M.
Portfolio Sells Q3 2025 → Q4 2025
| DD Dupont DE Nemours Inc. | Reduce -1.7% | 1.58% | −1.42 |
| EME Emcor Group Inc. | Reduce -7.3% | 8.80% | −0.91 |
| KBR KBR Inc. | Reduce -1.5% | 5.29% | −0.80 |
| RSG Republic Services Inc. | Reduce -1.8% | 8.62% | −0.54 |
| ZD Ziff Davis Inc. | Reduce -15.1% | 1.55% | −0.36 |
| LEVI Levi Strauss & Co. Class A | Reduce -2.3% | 1.29% | −0.14 |
| VGT Vanguard Info Tech ETF | Reduce -26.5% | 0.14% | −0.04 |
| SHW The Sherwin-Williams Co. | Reduce -3.4% | 0.63% | −0.04 |
| WH Wyndham Hotels & Resorts Inc. | Reduce -2.3% | 0.84% | −0.04 |
| AMH American Homes 4 Rent- A | Reduce -2.5% | 1.45% | −0.03 |
| ABT Abbott Laboratories | Reduce -0.1% | 0.61% | −0.02 |
| PSX Phillips 66 | Reduce -1.6% | 0.21% | −0.01 |
| AVGO Broadcom Inc. | Reduce -9.5% | 0.20% | −0.00 |
| BLKB Blackbaud Inc. | Reduce -2.3% | 1.41% | −0.00 |
| MDT Medtronic PLC | Reduce -4.3% | 1.65% | +0.00 |
| RUSHA Rush Enterprises Inc. Class A | Reduce -1.7% | 0.68% | +0.02 |
| WSFS WSFS Financial Corp. | Reduce -3.3% | 0.85% | +0.02 |
| Q Qnity Electronics Inc. | Reduce -1.7% | 1.61% | +0.03 |
| SHBI Shore Bancshares Inc. | Reduce -6.9% | 1.21% | +0.05 |
| EMR Emerson Electric Co. | Reduce -1.8% | 1.64% | +0.05 |
| V Visa Inc. Class A | Reduce -3.6% | 2.05% | +0.05 |
| KVUE Kenvue Inc. | Reduce -5.9% | 1.51% | +0.05 |
| WMS Advanced Drainage Systems Inc. | Reduce -0.5% | 1.05% | +0.08 |
| FLEX Flex Ltd. | Reduce -3.3% | 2.00% | +0.09 |
| AKAM Akamai Technologies Inc. | Reduce -0.7% | 0.56% | +0.09 |
| MYRG MYR Group Inc./Delaware | Reduce -7.0% | 7.13% | +0.10 |
| UPS United Parcel Service Class B | Reduce -2.8% | 0.64% | +0.10 |
| AMZN Amazon.com Inc. | Reduce -2.9% | 2.19% | +0.12 |
| NEE Nextera Energy Inc. | Reduce -2.3% | 1.89% | +0.14 |
| CB Chubb Ltd. | Reduce -2.5% | 1.90% | +0.20 |
| FRST Primis Financial Corp. | Reduce -0.3% | 1.81% | +0.49 |
| JCI Johnson Controls Internation | Reduce -1.9% | 5.26% | +0.51 |
| NXT Nextpower Inc. | Reduce -1.6% | 3.35% | +0.56 |
| GOOG Alphabet Inc. Class C | Reduce -11.5% | 5.85% | +0.91 |
Portfolio Buys Q3 2025 → Q4 2025
| DOX Amdocs Ltd. | Add +17.1% | 1.69% | +0.27 |
| AAPL Apple Inc. | New | 0.10% | +0.10 |
| CNNE Cannae Holdings Inc. | Add +26.7% | 0.51% | +0.06 |
| MSFT Microsoft Corp. | Add +26.6% | 0.20% | +0.04 |
| ZBH Zimmer Biomet Holdings Inc. | Add +4.5% | 1.44% | −0.02 |
| EOG EOG Resources Inc. | Add +0.6% | 2.05% | −0.05 |
| TMUS T-Mobile US Inc. | Add +6.2% | 2.01% | −0.14 |
| WRB WR Berkley Corp. | Add +0.2% | 4.25% | −0.22 |
| ALIT Alight Inc. Class A | Add +24.9% | 1.63% | −0.47 |
| PRMB Primo Brands Corp. | Add +8.0% | 3.02% | −0.62 |
Notes & Other Activity Q3 2025 → Q4 2025
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 · principal | Add +54.6% | 17,791,000 | $15.5M |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | Reduce -0.8% | 15,605,000 | $15.4M |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | Reduce -3.3% | 14,855,000 | $14.8M |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | Add +20.8% | 15,081,000 | $14.6M |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | Reduce -1.9% | 14,127,000 | $13.6M |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | Reduce -3.3% | 12,189,000 | $12.1M |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | Add +6.3% | 11,410,000 | $11.3M |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | Reduce -1.1% | 11,802,000 | $11.0M |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | Reduce -4.8% | 6,538,000 | $6.1M |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | Add +3.1% | 5,117,000 | $5.1M |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | New | 5,124,000 | $4.8M |
| XPLR INFRASTRUCTURE LP (XIFR 0 11/15/25) | 0 15/11/2025 · principal | Sold out | 4,500,000 | $4.5Mbefore exit |
| LUCID GROUP INC (LCID 1.25 12/15/26) | 1.250 12/15/26 CVT · principal | Add +6.5% | 3,195,000 | $3.0M |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | Add +1.4% | 825,000 | $815K |
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 |