Corbyn Investment Management Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 28, 2026), Corbyn Investment Management Inc. reported 51 stock positions worth $213.7 million. Its top holding was Emcor (EME) at 9.2% of the portfolio, followed by Republic Services (RSG, 8.8%) and MYR Group Inc./Delaware (MYRG, 8.0%). Compared with Q4 2025, it opened 1 new position, sold out of 4, added to 7 and reduced 35. The biggest buy was Cadre (CDRE, shares +102%) and the biggest sale an exit from Alight Class A (ALIT).
- Most Recent 13F
- Q2 2026
- Location
- Lutherville, MD
- CIK
- 0000919538
- Portfolio Value
- $213.7M (Q1 2026)
- SEC Filing
- 0002000324-26-001733 ↗ filed Apr 28, 2026
Holdings Value
Holdings 51 stocks · $213.7M
| EME Emcor Group Inc. | 9.16% | 26,524 | $19.6M | Reduce -13.0% |
| RSG Republic Services Inc. | 8.82% | 86,067 | $18.9M | Reduce -0.2% |
| MYRG MYR Group Inc./Delaware | 8.04% | 60,844 | $17.2M | Reduce -12.0% |
| JCI Johnson Controls Internation | 5.64% | 91,992 | $12.0M | Reduce -1.1% |
| GOOG Alphabet Inc. Class C | 5.13% | 38,220 | $11.0M | Reduce -3.2% |
| KBR KBR Inc. | 4.82% | 279,372 | $10.3M | Add +0.1% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 3.97% | 128,104 | $8.5M | Reduce -0.3% |
| NXT Nextpower Inc. | 3.87% | 68,608 | $8.3M | Reduce -16.0% |
| PRMB Primo Brands Corp. | 3.44% | 390,507 | $7.4M | Reduce -0.3% |
| EOG EOG Resources Inc. | 2.79% | 41,225 | $6.0M | Reduce -0.4% |
| Q Qnity Electronics Inc. | 2.24% | 41,580 | $4.8M | Reduce -0.4% |
| NEE Nextera Energy Inc. | 2.15% | 49,553 | $4.6M | Reduce -0.7% |
| FLEX Flex Ltd. filed as FLEXTRONICS INTL LTD | 2.15% | 70,040 | $4.6M | Reduce -0.3% |
| TMUS T-Mobile US Inc. | 2.06% | 20,914 | $4.4M | Reduce -0.3% |
| CB Chubb Ltd. | 1.96% | 12,835 | $4.2M | Reduce -0.4% |
| AMZN Amazon.com Inc. | 1.95% | 20,022 | $4.2M | Reduce -0.6% |
| ZD Ziff Davis Inc. | 1.81% | 92,341 | $3.9M | Reduce -1.0% |
| DD Dupont DE Nemours Inc. | 1.78% | 83,251 | $3.8M | Reduce -0.3% |
| DOX Amdocs Ltd. | 1.78% | 58,279 | $3.8M | Add +31.3% |
| V Visa Inc. Class A | 1.74% | 12,284 | $3.7M | Reduce -0.8% |
| FRST Primis Financial Corp. | 1.68% | 270,282 | $3.6M | Reduce -1.8% |
| EMR Emerson Electric Co. | 1.60% | 26,049 | $3.4M | Reduce -0.3% |
| MDT Medtronic PLC | 1.48% | 36,397 | $3.2M | Reduce -0.3% |
| ZBH Zimmer Biomet Holdings Inc. | 1.44% | 34,050 | $3.1M | Add +0.5% |
| CDRE Cadre Holdings Inc. | 1.42% | 99,144 | $3.0M | Add +102.3% |
| AMH American Homes 4 Rent- A | 1.25% | 95,754 | $2.7M | Reduce -0.2% |
| NVT Nvent Electric PLC | 1.24% | 22,454 | $2.7M | Reduce -1.3% |
| SHBI Shore Bancshares Inc. | 1.22% | 139,412 | $2.6M | Reduce -3.6% |
| LEVI Levi Strauss & Co. Class A | 1.13% | 130,862 | $2.4M | Reduce -0.4% |
| USFD US Foods Holding Corp. | 1.06% | 24,613 | $2.3M | No change |
| MTX Minerals Technologies Inc. | 1.01% | 30,438 | $2.2M | No change |
| WMS Advanced Drainage Systems Inc. | 0.98% | 15,263 | $2.1M | Reduce -1.0% |
| BLKB Blackbaud Inc. | 0.93% | 51,418 | $2.0M | Add +9.2% |
| WH Wyndham Hotels & Resorts Inc. | 0.89% | 23,524 | $1.9M | Reduce -0.0% |
| RUSHA Rush Enterprises Inc. Class A | 0.81% | 26,331 | $1.7M | Reduce -0.9% |
| ABT Abbott Laboratories | 0.77% | 16,116 | $1.7M | Add +56.2% |
| AKAM Akamai Technologies Inc. | 0.73% | 13,554 | $1.6M | No change |
| WSFS WSFS Financial Corp. | 0.64% | 20,838 | $1.4M | Reduce -36.0% |
| UPS United Parcel Service Class B | 0.62% | 13,572 | $1.3M | Reduce -0.2% |
| SHW The Sherwin-Williams Co. | 0.62% | 4,130 | $1.3M | No change |
| RUSHB Rush Enterprises Inc. Class B | 0.52% | 17,328 | $1.1M | No change |
| XYL Xylem Inc. | 0.44% | 7,906 | $945K | New |
| ROP Roper Technologies Inc. | 0.43% | 2,599 | $920K | No change |
| P Everpure Inc. Class A | 0.38% | 13,582 | $802K | Add +2.2% |
| CNNE Cannae Holdings Inc. | 0.37% | 69,182 | $787K | No change |
| PSX Phillips 66 | 0.29% | 3,369 | $614K | Reduce -0.5% |
| OCFC Oceanfirst Financial Corp. | 0.25% | 29,137 | $526K | Reduce -2.9% |
| MSFT Microsoft Corp. | 0.15% | 845 | $313K | Reduce -1.9% |
| AVGO Broadcom Inc. | 0.14% | 992 | $307K | Reduce -18.7% |
| SHLS Shoals Technologies Group -A | 0.11% | 34,500 | $227K | No change |
| VGT Vanguard Info Tech ETF | 0.10% | 321 | $224K | Reduce -20.1% |
Other holdings (11): bonds, preferreds, convertibles and warrants · $86.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | 15,100,000 | $14.5M | Add +0.1% |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 14,556,000 | $14.4M | Reduce -6.7% |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | 13,063,000 | $12.7M | Reduce -7.5% |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | 10,905,000 | $10.4M | Reduce -7.6% |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | 10,831,000 | $10.0M | New |
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 · principal | 9,144,000 | $8.1M | Reduce -48.6% |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | 5,665,000 | $5.4M | Reduce -13.3% |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | 4,554,000 | $4.5M | Reduce -11.1% |
| LUCID GROUP INC (LCID 1.25 12/15/26) | 1.250 12/15/26 CVT · principal | 3,195,000 | $3.0M | No change |
| PENNYMAC CORP (PMT 8.5 06/01/29) | NOTE 8.500% 6/0 · principal | 2,845,000 | $3.0M | Add +89.7% |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 526,000 | $512K | No change |
Total filed on the 13F, all lines: $300.2M.
Portfolio Sells Q4 2025 → Q1 2026
| ALIT Alight Inc. Class A | Sold out | 0.00% | −1.63 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −1.51 |
| GOOG Alphabet Inc. Class C | Reduce -3.2% | 5.13% | −0.72 |
| V Visa Inc. Class A | Reduce -0.8% | 1.74% | −0.31 |
| WRB WR Berkley Corp. | Reduce -0.3% | 3.97% | −0.27 |
| AMZN Amazon.com Inc. | Reduce -0.6% | 1.95% | −0.24 |
| WSFS WSFS Financial Corp. | Reduce -36.0% | 0.64% | −0.21 |
| AMH American Homes 4 Rent- A | Reduce -0.2% | 1.25% | −0.20 |
| MDT Medtronic PLC | Reduce -0.3% | 1.48% | −0.18 |
| LEVI Levi Strauss & Co. Class A | Reduce -0.4% | 1.13% | −0.15 |
| FRST Primis Financial Corp. | Reduce -1.8% | 1.68% | −0.13 |
| AAPL Apple Inc. | Sold out | 0.00% | −0.10 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −0.10 |
| WMS Advanced Drainage Systems Inc. | Reduce -1.0% | 0.98% | −0.07 |
| AVGO Broadcom Inc. | Reduce -18.7% | 0.14% | −0.06 |
| MSFT Microsoft Corp. | Reduce -1.9% | 0.15% | −0.05 |
| EMR Emerson Electric Co. | Reduce -0.3% | 1.60% | −0.04 |
| VGT Vanguard Info Tech ETF | Reduce -20.1% | 0.10% | −0.04 |
| UPS United Parcel Service Class B | Reduce -0.2% | 0.62% | −0.01 |
| OCFC Oceanfirst Financial Corp. | Reduce -2.9% | 0.25% | −0.01 |
| SHBI Shore Bancshares Inc. | Reduce -3.6% | 1.22% | +0.01 |
| TMUS T-Mobile US Inc. | Reduce -0.3% | 2.06% | +0.05 |
| WH Wyndham Hotels & Resorts Inc. | Reduce -0.0% | 0.89% | +0.06 |
| CB Chubb Ltd. | Reduce -0.4% | 1.96% | +0.06 |
| PSX Phillips 66 | Reduce -0.5% | 0.29% | +0.08 |
| RUSHA Rush Enterprises Inc. Class A | Reduce -0.9% | 0.81% | +0.14 |
| FLEX Flex Ltd. | Reduce -0.3% | 2.15% | +0.14 |
| NVT Nvent Electric PLC | Reduce -1.3% | 1.24% | +0.15 |
| RSG Republic Services Inc. | Reduce -0.2% | 8.82% | +0.20 |
| DD Dupont DE Nemours Inc. | Reduce -0.3% | 1.78% | +0.20 |
| NEE Nextera Energy Inc. | Reduce -0.7% | 2.15% | +0.26 |
| ZD Ziff Davis Inc. | Reduce -1.0% | 1.81% | +0.27 |
| EME Emcor Group Inc. | Reduce -13.0% | 9.16% | +0.36 |
| JCI Johnson Controls Internation | Reduce -1.1% | 5.64% | +0.38 |
| PRMB Primo Brands Corp. | Reduce -0.3% | 3.44% | +0.42 |
| NXT Nextpower Inc. | Reduce -16.0% | 3.87% | +0.52 |
| Q Qnity Electronics Inc. | Reduce -0.4% | 2.24% | +0.64 |
| EOG EOG Resources Inc. | Reduce -0.4% | 2.79% | +0.74 |
| MYRG MYR Group Inc./Delaware | Reduce -12.0% | 8.04% | +0.91 |
Portfolio Buys Q4 2025 → Q1 2026
| CDRE Cadre Holdings Inc. | Add +102.3% | 1.42% | +0.48 |
| XYL Xylem Inc. | New | 0.44% | +0.44 |
| ABT Abbott Laboratories | Add +56.2% | 0.77% | +0.16 |
| DOX Amdocs Ltd. | Add +31.3% | 1.78% | +0.09 |
| ZBH Zimmer Biomet Holdings Inc. | Add +0.5% | 1.44% | +0.00 |
| P Everpure Inc. Class A | Add +2.2% | 0.38% | −0.04 |
| KBR KBR Inc. | Add +0.1% | 4.82% | −0.47 |
| BLKB Blackbaud Inc. | Add +9.2% | 0.93% | −0.48 |
Notes & Other Activity Q4 2025 → Q1 2026
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | Sold out | 14,855,000 | $14.8Mbefore exit |
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | Add +0.1% | 15,100,000 | $14.5M |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | Reduce -6.7% | 14,556,000 | $14.4M |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | NOTE 1.750%12/1 · principal | Reduce -7.5% | 13,063,000 | $12.7M |
| PENNYMAC CORP (PMT 5.5 03/15/26) | NOTE 5.500% 3/1 · principal | Sold out | 12,189,000 | $12.1Mbefore exit |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | Sold out | 11,410,000 | $11.3Mbefore exit |
| REDFIN CORP (RDFN 0.5 04/01/27) | NOTE 0.500% 4/0 · principal | Reduce -7.6% | 10,905,000 | $10.4M |
| SAREPTA THERAPEUTICS INC (SRPT 1.25 09/15/27) | NOTE 1.250% 9/1 · principal | New | 10,831,000 | $10.0M |
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 · principal | Reduce -48.6% | 9,144,000 | $8.1M |
| SNAP INC (SNAP 0 05/01/27) | NOTE 5/0 · principal | Reduce -13.3% | 5,665,000 | $5.4M |
| MARRIOTT VACATION WORLDW (VAC 0 01/15/26) | NOTE 1/1 · principal | Sold out | 5,117,000 | $5.1Mbefore exit |
| SPECTRUM BRANDS INC (SPB 3.375 06/01/29) | NOTE 3.375% 6/0 · principal | Reduce -11.1% | 4,554,000 | $4.5M |
| PENNYMAC CORP (PMT 8.5 06/01/29) | NOTE 8.500% 6/0 · principal | Add +89.7% | 2,845,000 | $3.0M |
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | Sold out | 825,000 | $815Kbefore exit |
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 |