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Corbyn Investment Management Inc

Lutherville, MDSEC-registered investment adviserCRD 104716

Filed as CORBYN INVESTMENT MANAGEMENT INC

Corbyn Investment Management Inc is an SEC-registered investment advisory firm in Lutherville, MD, registered since 1973, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated June 29, 2026.

53 years
registered since 1973
$1,005,472,384
assets under management
1 arrangement
Percentage of assets
None
disclosure items (Item 11)

Quick answers

From the filing

How is Corbyn Investment Management Inc compensated?

On its Form ADV (Item 5.E, October 2026), Corbyn Investment Management Inc reports these compensation arrangements: a percentage of assets under its management.

Where is Corbyn Investment Management Inc located?

Corbyn Investment Management Inc's principal office is in Lutherville, MD, according to its Form ADV.

Is Corbyn Investment Management Inc registered with the SEC or a state?

Corbyn Investment Management Inc is an SEC-registered investment advisory firm, registered since 1973. Status as filed: Approved. CRD 104716.

How much does Corbyn Investment Management Inc manage?

Corbyn Investment Management Inc reports $1,005,472,384 in regulatory assets under management in its Form ADV filing dated June 29, 2026 (100% discretionary).

How have Corbyn Investment Management Inc's assets and staff changed since 2021?

In the Form ADV data for Corbyn Investment Management Inc: Regulatory assets under management: $914,447,106 in the October 2021 data and $1,005,472,384 in the October 2026 data, up 10%. Total employees: 11 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

What types of clients does Corbyn Investment Management Inc serve?

By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (273); high net worth individuals (106); corporations or other businesses not listed above (32).

Which custodians does Corbyn Investment Management Inc use?

Corbyn Investment Management Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., National Financial Services LLC and Wilmington Trust Investment Management as custodians holding 10% or more of its separately managed account assets.

Does Corbyn Investment Management Inc report any disciplinary disclosures?

Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/104716

Does Corbyn Investment Management Inc state an account minimum?

Its Form ADV Part 2A brochure dated June 29, 2026 says: "We prefer that new accounts begin with a minimum balance of $500,000. Corbyn has the right to waive or modify minimums as deemed appropriate with respect to each individual account, client, and situation."

What changed in Corbyn Investment Management Inc's recent Form ADV filings?

In the February 2026 filing data: Registered or notice-filed in KS, ME, MS, OH, SC, WY.

From the Form ADV filing

Every figure below is as the firm filed it with regulators, as of October 2026.

How the firm is compensated

Item 5.E
  • A percentage of assets under your management

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

Fees and minimums

Form ADV Part 2A

The brochure lists different fees for different services or strategies; see the brochure for them.

Account minimum: $500,000 (the brochure says it may be waived or negotiated)

The brochure's wording
We prefer that new accounts begin with a minimum balance of $500,000. Corbyn has the right to waive or modify minimums as deemed appropriate with respect to each individual account, client, and situation.

As stated in the firm's Form ADV Part 2A brochure dated June 29, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site

Regulatory assets under management

Item 5.F
$1,005,472,384

$1,005,472,384 as of October 2026, filing dated June 29, 2026.

Discretionary: $1,005,472,384.Non-discretionary: $0.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

Who the firm serves

Item 5.D
Individuals (other than high net worth individuals)
Clients 273 Assets $136,193,690 (14%)
High net worth individuals
Clients 106 Assets $229,966,090 (23%)
Investment companies
Clients 2 Assets $508,189,176 (51%)
Pension and profit sharing plans (but not the plan participants or government pension plans)
Clients 4 Assets $4,301,944 (0%)
Charitable organizations
Clients 24 Assets $53,095,445 (5%)
Insurance companies
Clients 1 Assets $849,456 (0%)
Corporations or other businesses not listed above
Clients 32 Assets $72,155,182 (7%)
Other
Clients 2 Assets $721,401 (0%)

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

Advisory services

Item 5.G
  • Portfolio management for individuals and/or small businesses
  • Portfolio management for investment companies (and business development companies)
  • Portfolio management for businesses (other than small businesses) or institutional clients

Registration and firm details

Items 1, 2, 5
Registration
SEC-registered investment adviser. Status as filed: Approved.
Registered since
1973 (53 years)
Employees
Total: 10. Performing investment advisory functions: 7.
Wrap fee program participation
No.
Custodians (Schedule D, Section 5.K(3))

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

States registered or notice-filed
28 states or jurisdictions
CACOCTDCDEFLGAILKSMAMDMEMIMSNCNENHNJNYOHPASCTNTXVAWAWIWY

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

Disclosures

Item 11

None Reports no disclosure items on Form ADV Item 11. View on IAPD.

Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures

Assets and staff over time

Items 5.A, 5.F
$914M 2021 $1.02B 2022 $1.03B 2023 $939M 2024 $976M 2025 $1.01B 2026
Data periodAssets under managementEmployeesFiling dated
October 2026$1,005,472,38410June 29, 2026
October 2025$976,239,56211July 16, 2025
October 2024$939,296,54711March 28, 2024
October 2023$1,030,641,10010August 18, 2023
October 2022$1,024,798,27311March 14, 2022
October 2021$914,447,10611September 21, 2021

Regulatory assets under management: $914,447,106 in the October 2021 data and $1,005,472,384 in the October 2026 data, up 10%.

Total employees: 11 in October 2021 and 10 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

Changes in the filing

Last 12 months
  1. February 2026
    • Registered or notice-filed in KS, ME, MS, OH, SC, WY.
  2. November 2025
    • Updated its list of owners and control persons (Schedule A).

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.

Websites listed on Form ADV

Item 1.I
corbyn.comgreenspringfund.comgreenspringfunds.com

Source: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."

Cite this page

AdvisorCensus. Corbyn Investment Management Inc (CRD 104716): Form ADV filing data as of October 2026.
https://advisorcensus.com/firm/corbyn-investment-management-inc-lutherville-md-104716