CORBYN INVESTMENT MANAGEMENT INC/MD

Lutherville, MD · CIK 919538 · 13F filing filed 2026-08-06

SEC-registered investment adviser since 1973 · corporation

Assets managed$1.0bn
Staff10 · 7 in investment roles
Main clients (by assets)Mutual funds and ETFs 51%, High net worth individuals 23%, Individuals 14%
Websitecorbyn.com
Form ADV · 2026-06-29SEC adviser record

Legal entityCORBYN INVESTMENT MANAGEMENT, INC. (US)

Kindmutual funds
Others nearbyLutherville Timonium, MD

$346.2m reported value +15.3% vs Q1 2026

66positions

44.1%in top 10

7 new 12 added 38 reduced 3 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MYR GROUP INC DEL COM MYRG	MYRG	47,358	$23.7m6.84%	6.84%	Reduced -13.5k	-13,486 -22.2%
2	EMCOR GROUP INC COM EME	EME	25,052	$20.8m6.00%	6.00%	Reduced -1.5k	-1,472 -5.5%
3	REPUBLIC SVCS INC COM RSG	RSG	85,998	$18.3m5.29%	5.29%	Reduced -69	-69 -0.1%
4	MGP INGREDIENTS INC NEW NOTE 1.875%11/1 · principal MGPI 1.875 11.15.41 · principal	MGPI 1.875 11.15.41	15,990,000	$15.5m4.48%	4.48%	Added +890.0k	+890,000 5.9%
5	BLACKSTONE MORTGAGE TRUST IN NOTE 5.500% 3/1 · principal BXMT 5.5 03.15.27 · principal	BXMT 5.5 03.15.27	14,607,000	$14.5m4.20%	4.20%	Added +51.0k	+51,000 0.3%
6	ALPHABET INC CAP STK CL C GOOG	GOOG	38,530	$13.6m3.93%	3.93%	Added +310	+310 0.8%
7	JOHNSON CTLS INTL PLC SHS JCI	JCI	89,633	$13.1m3.78%	3.78%	Reduced -2.4k	-2,359 -2.6%
8	PEBBLEBROOK HOTEL TR NOTE 1.750%12/1 · principal PEB 1.75 12.15.26 · principal	PEB 1.75 12.15.26	12,768,000	$12.6m3.65%	3.65%	Reduced -295.0k	-295,000 -2.3%
9	REDFIN CORP NOTE 0.500% 4/0 · principal RDFN 0.5 04.01.27 · principal	RDFN 0.5 04.01.27	10,714,000	$10.3m2.97%	2.97%	Reduced -191.0k	-191,000 -1.8%
10	SAREPTA THERAPEUTICS INC NOTE 1.250% 9/1 · principal SRPT 1.25 09.15.27 · principal	SRPT 1.25 09.15.27	10,877,000	$10.3m2.96%	2.96%	Added +46.0k	+46,000 0.4%
11	KBR INC COM KBR	KBR	279,167	$9.6m2.78%	2.78%	Reduced -205	-205 -0.1%
12	PRIMO BRANDS CORPORATION CLASS A COM SHS PRMB	PRMB	390,106	$9.5m2.75%	2.75%	Reduced -401	-401 -0.1%
13	FLEX LTD ORD FLEX	FLEX	58,616	$9.5m2.74%	2.74%	Reduced -11.4k	-11,424 -16.3%
14	BERKLEY W R CORP COM WRB	WRB	127,987	$9.0m2.61%	2.61%	Reduced -117	-117 -0.1%
15	BANDWIDTH INC NOTE 0.500% 4/0 · principal BAND 0.5 04.01.28 · principal	BAND 0.5 04.01.28	9,022,000	$8.4m2.44%	2.44%	Reduced -122.0k	-122,000 -1.3%
16	NEXTRACKER INC CLASS A COM NXT	NXT	67,570	$8.1m2.33%	2.33%	Reduced -1.0k	-1,038 -1.5%
17	QNITY ELECTRONICS INC COMMON STOCK Q	Q	41,498	$6.8m1.96%	1.96%	Reduced -82	-82 -0.2%
18	XYLEM INC COM XYL	XYL	48,117	$5.7m1.64%	1.64%	Added +40.2k	+40,211 508.6%
19	EOG RES INC COM EOG	EOG	41,111	$5.3m1.54%	1.54%	Reduced -114	-114 -0.3%
20	SNAP INC NOTE 5/0 · principal SNAP 0 05.01.27 · principal	SNAP 0 05.01.27	5,474,000	$5.2m1.50%	1.50%	Reduced -191.0k	-191,000 -3.4%
21	US FOODS HLDG CORP COM USFD	USFD	48,508	$5.0m1.43%	1.43%	Added +23.9k	+23,895 97.1%
22	fuboTV, Inc. CONV · principal FUBO 7.5 02.15.29 · principal	FUBO 7.5 02.15.29	5,000,000	$4.9m1.42%	1.42%	New
23	AMAZON COM INC COM AMZN	AMZN	19,961	$4.8m1.37%	1.37%	Reduced -61	-61 -0.3%
24	SPECTRUM BRANDS INC NOTE 3.375% 6/0 · principal SPB 3.375 06.01.29 · principal	SPB 3.375 06.01.29	4,554,000	$4.7m1.37%	1.37%	Unchanged
25	CADRE HLDGS INC COM CDRE	CDRE	158,936	$4.5m1.31%	1.31%	Added +59.8k	+59,792 60.3%
26	PRIMIS FINANCIAL CORP COM FRST	FRST	270,282	$4.4m1.28%	1.28%	Unchanged
27	CHUBB LIMITED COM CB	CB	12,787	$4.4m1.26%	1.26%	Reduced -48	-48 -0.4%
28	NEXTERA ENERGY INC COM NEE	NEE	49,231	$4.3m1.25%	1.25%	Reduced -322	-322 -0.7%
29	VISA INC COM CL A V	V	12,258	$4.2m1.21%	1.21%	Reduced -26	-26 -0.2%
30	SUPER MICRO COMPUTER INC NOTE 3.500% 3/0 · principal SMCI 3.5 03.01.29 · principal	SMCI 3.5 03.01.29	4,500,000	$4.1m1.20%	1.20%	New
31	NVENT ELECTRIC PLC SHS NVT	NVT	22,454	$3.8m1.10%	1.10%	Unchanged
32	DUPONT DE NEMOURS INC COMMON STOCK DD	DD	27,658	$3.8m1.08%	1.08%	New
33	EMERSON ELEC CO COM EMR	EMR	26,023	$3.7m1.08%	1.08%	Reduced -26	-26 -0.1%
34	PENNYMAC CORP NOTE 8.500% 6/0 · principal PMT 8.5 06.01.29 · principal	PMT 8.5 06.01.29	3,495,000	$3.6m1.03%	1.03%	Added +650.0k	+650,000 22.9%
35	T-MOBILE US INC COM TMUS	TMUS	20,897	$3.5m1.01%	1.01%	Reduced -17	-17 -0.1%
36	ZIFF DAVIS INC COM ZD	ZD	64,909	$3.4m0.98%	0.98%	Reduced -27.4k	-27,432 -29.7%
37	LUCID GROUP INC 1.25 12/15/2026 · principal LCID 1.25 12.15.26 · principal	LCID 1.25 12.15.26	3,495,000	$3.3m0.96%	0.96%	Added +300.0k	+300,000 9.4%
38	AMERICAN HOMES 4 RENT CL A AMH	AMH	95,134	$3.2m0.92%	0.92%	Reduced -620	-620 -0.7%
39	LEVI STRAUSS & CO NEW CL A COM STK LEVI	LEVI	128,356	$3.2m0.92%	0.92%	Reduced -2.5k	-2,506 -1.9%
40	AMDOCS LTD SHS DOX	DOX	61,780	$3.1m0.90%	0.90%	Added +3.5k	+3,501 6.0%
41	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	33,944	$2.9m0.84%	0.84%	Reduced -106	-106 -0.3%
42	MEDTRONIC PLC SHS MDT	MDT	36,343	$2.8m0.82%	0.82%	Reduced -54	-54 -0.1%
43	ABBOTT LABS COM ABT	ABT	31,203	$2.8m0.82%	0.82%	Added +15.1k	+15,087 93.6%
44	BLACKBAUD INC COM BLKB	BLKB	93,466	$2.8m0.80%	0.80%	Added +42.0k	+42,048 81.8%
45	SHORE BANCSHARES INC COM SHBI	SHBI	112,560	$2.6m0.75%	0.75%	Reduced -26.9k	-26,852 -19.3%
46	ADVANCED DRAIN SYS INC DEL COM WMS	WMS	15,263	$2.4m0.69%	0.69%	Unchanged
47	MINERALS TECHNOLOGIES INC COM MTX	MTX	30,299	$2.2m0.65%	0.65%	Reduced -139	-139 -0.5%
48	WYNDHAM HOTELS & RESORTS INC COM WH	WH	23,508	$2.0m0.57%	0.57%	Reduced -16	-16 -0.1%
49	RUSH ENTERPRISES INC CL A RUSHA	RUSHA	26,254	$1.9m0.55%	0.55%	Reduced -77	-77 -0.3%
50	WSFS FINL CORP COM WSFS	WSFS	20,764	$1.6m0.46%	0.46%	Reduced -74	-74 -0.4%
51	UNITED PARCEL SERVICE INC CL B UPS	UPS	13,555	$1.5m0.42%	0.42%	Reduced -17	-17 -0.1%
52	SHERWIN WILLIAMS CO COM SHW	SHW	4,130	$1.4m0.41%	0.41%	Unchanged
53	AKAMAI TECHNOLOGIES INC COM AKAM	AKAM	11,587	$1.4m0.40%	0.40%	Reduced -2.0k	-1,967 -14.5%
54	RUSH ENTERPRISES INC CL B RUSHB	RUSHB	17,328	$1.3m0.38%	0.38%	Unchanged
55	PURE STORAGE INC CL A P	P	13,582	$1.1m0.31%	0.31%	Unchanged
56	BEAUTY HEALTH CO NOTE 1.250 10/01/26 · principal SKIN 1.25 10.01.26 · principal	SKIN 1.25 10.01.26	1,000,000	$978.8k0.28%	0.28%	New
57	CANNAE HLDGS INC COM CNNE	CNNE	67,552	$972.7k0.28%	0.28%	Reduced -1.6k	-1,630 -2.4%
58	NVIDIA CORPORATION COM NVDA	NVDA	3,863	$772.9k0.22%	0.22%	New
59	PHILLIPS 66 COM PSX	PSX	3,369	$569.5k0.16%	0.16%	Unchanged
60	OCEANFIRST FINL CORP COM OCFC	OCFC	29,137	$569.0k0.16%	0.16%	Unchanged
61	ROPER TECHNOLOGIES INC COM ROP	ROP	1,169	$395.6k0.11%	0.11%	Reduced -1.4k	-1,430 -55.0%
62	BROADCOM INC COM AVGO	AVGO	916	$346.0k0.10%	0.10%	Reduced -76	-76 -7.7%
63	MICROSOFT CORP COM MSFT	MSFT	842	$314.1k0.09%	0.09%	Reduced -3	-3 -0.4%
64	VANGUARD WORLD FD INF TECH ETF VGT	VGT	2,504	$299.3k0.09%	0.09%	Reduced -64	-64 -2.5%
65	APPLE INC COM AAPL	AAPL	777	$224.8k0.06%	0.06%	New
66	JPMORGAN CHASE & CO COM JPM	JPM	617	$202.0k0.06%	0.06%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
DUPONT DE NEMOURS INC DWDP	DWDP	27,750	$3.8m27.8k shares
DIGITALOCEAN HLDGS INC DOCN 0 12.01.26	DOCN 0 12.01.26	526,000	$512.3k526.0k shares
SHOALS TECHNOLOGIES GROUP IN SHLS	SHLS	34,500	$227.0k34.5k shares