# 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.

- CRD: 104716
- Filed as: CORBYN INVESTMENT MANAGEMENT INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Lutherville, MD
- Filing period: October 2026
- Form ADV filing dated: June 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/104716
- AdvisorCensus page: https://advisorcensus.com/firm/corbyn-investment-management-inc-lutherville-md-104716

## Quick answers

**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

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated June 29, 2026)

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

> 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 brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- National Financial Services LLC
- Wilmington Trust Investment Management

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.

### Regulatory assets under management (Item 5.F)
- Total: $1,005,472,384
- Discretionary: $1,005,472,384
- Non-discretionary: $0

### Clients (Item 5.D)

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

### 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

### Firm details
- Registered since: 1973 (53 years)
- Employees: 10 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CO, CT, DC, DE, FL, GA, IL, KS, MA, MD, ME, MI, MS, NC, NE, NH, NJ, NY, OH, PA, SC, TN, TX, VA, WA, WI, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- corbyn.com
- greenspringfund.com
- greenspringfunds.com
- LinkedIn @corbyn-investment-management-inc.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $914,447,106 | 11 | September 21, 2021 |
| October 2022 | $1,024,798,273 | 11 | March 14, 2022 |
| October 2023 | $1,030,641,100 | 10 | August 18, 2023 |
| October 2024 | $939,296,547 | 11 | March 28, 2024 |
| October 2025 | $976,239,562 | 11 | July 16, 2025 |
| October 2026 | $1,005,472,384 | 10 | June 29, 2026 |

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.

## Changes in the filing (last 12 months)

### February 2026
- Registered or notice-filed in KS, ME, MS, OH, SC, WY.

### November 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Corbyn Investment Management Inc (CRD 104716): Form ADV filing data as of October 2026.