Armbruster Capital Management, Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 7, 2024), Armbruster Capital Management, Inc. reported 107 stock positions worth $470.0 million. Its top holding was Vanguard U.S. Value Factor (VFVA) at 10.9% of the portfolio, followed by iShares MSCI USA Momentum Fa (MTUM, 8.3%) and Invesco S&P 500 Pure Value E (RPV, 7.2%). Compared with Q4 2023, it opened 6 new positions, added to 16 and reduced 49. The biggest buy was a new position in Meta Platforms Class A (META) and the biggest sale Invesco S&P Smallcap 600 Pur (RZV, shares −3%).

Most Recent 13F
Q2 2026
Location
PITTSFORD, NY
CIK
0001664847
Portfolio Value
$470.0M (Q1 2024)
SEC Filing
0001140361-24-024651 ↗ filed May 7, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $470.0M $470.0M Q1 2024 Q2 2024: $481.6M Q2 2024 Q3 2024: $502.0M Q3 2024 Q4 2024: $492.2M Q4 2024 Q1 2025: $501.4M Q1 2025 Q2 2025: $552.1M Q2 2025 Q3 2025: $587.6M Q3 2025 Q4 2025: $595.5M Q4 2025 Q1 2026: $610.2M Q1 2026 Q2 2026: $670.8M Q2 2026

Holdings 107 stocks · $470.0M
VFVA Vanguard U.S. Value Factor 10.89% 428,715 $51.2M Reduce -0.1%
MTUM iShares MSCI USA Momentum Fa 8.32% 208,756 $39.1M Reduce -2.5%
RPV Invesco S&P 500 Pure Value E 7.18% 381,519 $33.7M Reduce -2.2%
SPLV Invesco S&P 500 Low Volatili 5.73% 409,120 $26.9M Add +0.4%
QUAL iShares MSCI USA Quality Fac 5.40% 154,355 $25.4M Reduce -2.8%
VFQY Vanguard U.S. Quality Factor 5.26% 180,470 $24.7M Reduce -1.7%
IVLU iShares MSCI International V 4.24% 705,664 $19.9M Reduce -0.0%
IMTM iShares MSCI Intl Momentum F 3.67% 439,989 $17.3M Reduce -1.0%
IQLT iShares MSCI International Q 3.63% 430,192 $17.1M Reduce -1.2%
USMV iShares MSCI USA Min Vol Fac 3.11% 175,058 $14.6M Reduce -0.9%
EFAV iShares MSCI Eafe Min Vol Fa 2.99% 198,130 $14.0M Add +1.1%
AVES Avantis Emerging Markets Val 2.95% 293,001 $13.9M Add +3.0%
IVV iShares Core S&P 500 ETF 2.42% 21,617 $11.4M Reduce -5.0%
XSMO Invesco S&P Smallcap Momentu 2.16% 168,664 $10.2M Reduce -0.8%
RZV Invesco S&P Smallcap 600 Pur 1.96% 85,505 $9.2M Reduce -2.9%
QVMT Invesco S&P 500 Concentrated 1.82% 171,603 $8.6M Reduce -0.4%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 1.68% 19,873 $7.9M Reduce -2.1%
IEFA iShares Core MSCI Eafe ETF 1.65% 104,586 $7.8M Reduce -0.5%
XSLV Invesco S&P Smallcap Low Vol 1.65% 175,438 $7.8M Add +0.3%
IJH iShares Core S&P Midcap ETF 1.41% 108,815 $6.6M Reduce -3.9%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 1.33% 26,015 $6.2M No change
EMGF iShares Emerging Markets Equ 1.29% 135,610 $6.0M Reduce -2.5%
SPY SS SPDR S&P 500 ETF Trust-US 1.27% 11,406 $6.0M Reduce -2.1%
VFMO Vanguard US Momentum Factor 1.20% 37,240 $5.6M Reduce -0.7%
SCHF Schwab Intl Equity ETF 1.13% 135,736 $5.3M Reduce -0.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.84% 15,787 $3.9M No change
IEMG iShares Core MSCI Emerging 0.83% 75,618 $3.9M Reduce -0.5%
DFIV Dimensional International Va 0.72% 92,687 $3.4M Reduce -1.7%
IDLV Invesco S&P International DE 0.62% 104,300 $2.9M Reduce -3.8%
PAYX Paychex Inc. 0.56% 21,528 $2.6M Reduce -0.6%
IJR iShares Core S&P Small-Cap E 0.55% 23,315 $2.6M Reduce -0.4%
VEA Vanguard Ftse Developed ETF 0.52% 48,652 $2.4M Reduce -6.3%
AVEM Avantis Emerging Markets Eq 0.43% 34,835 $2.0M Add +2.5%
EFIV SS SPDR S&P 500 ESG ETF 0.42% 39,380 $2.0M Add +9.5%
BRK.B Berkshire Hathaway Inc. Class B 0.39% 4,348 $1.8M No change
BNL Broadstone Net Lease Inc. 0.38% 113,886 $1.8M Add +9.6%
VNQ Vanguard Real Estate ETF 0.37% 20,092 $1.7M Add +2.2%
XOM Exxon Mobil Corp. 0.36% 14,374 $1.7M No change
SMMV iShares MSCI USA Small-Cap M 0.33% 41,125 $1.5M Add +0.4%
JPM JPMorgan Chase & Co. 0.31% 7,180 $1.4M Reduce -1.0%
MSFT Microsoft Corp. 0.31% 3,417 $1.4M Reduce -0.8%
AAPL Apple Inc. 0.31% 8,372 $1.4M Reduce -2.0%
VWO Vanguard Ftse Emerging Marke 0.28% 31,985 $1.3M No change
INTC Intel Corp. 0.28% 29,450 $1.3M Reduce -1.0%
QQQ Invesco QQQ Trust Series 1 0.25% 2,600 $1.2M Reduce -1.4%
ESGD iShares Trust iShares ESG Aw 0.24% 14,304 $1.1M Add +12.2%
EEMV iShares MSCI Emg MKT Min Vol 0.24% 19,806 $1.1M Reduce -1.5%
VTV Vanguard Mrngstr Val ETF-Aui 0.21% 5,929 $966K No change
SCHE Schwab Emrg Mrkts Eqty ETF 0.20% 37,674 $951K Reduce -2.0%
VTI VG Morningstar TS MKT ETF-US 0.20% 3,562 $926K Reduce -3.6%
IWV iShares Russell 3000 ETF 0.18% 2,791 $838K Reduce -1.6%
ORCL Oracle Corp. 0.18% 6,580 $827K Reduce -0.5%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.17% 4,173 $801K Reduce -1.9%
XMMO Invesco S&P Midcap Momentum 0.17% 6,959 $799K No change
GE General Electric 0.16% 4,290 $753K Add +9.5%
AMGN Amgen Inc. 0.15% 2,415 $687K Reduce -2.4%
ACWV iShares MSCI Global Min Vol 0.14% 6,314 $665K No change
SPTM SS SPDR P S&P 1500 Comp ETF 0.14% 10,357 $664K Reduce -6.9%
HD Home Depot Inc. 0.14% 1,693 $649K No change
ESGV Vanguard ESG US Stock ETF 0.14% 6,937 $646K Reduce -4.9%
MRK Merck & Co. Inc. 0.14% 4,822 $636K Reduce -1.7%
PG The Procter & Gamble Co. 0.13% 3,816 $619K No change
EFA iShares MSCI Eafe ETF 0.12% 7,352 $587K Reduce -1.3%
UNH Unitedhealth Group Inc. 0.12% 1,175 $581K No change
UNP Union Pacific Corp. 0.12% 2,356 $579K No change
PWV Invesco Large Cap Value ETF 0.12% 10,117 $573K No change
PWB Invesco Large Cap Growth ETF 0.12% 6,370 $569K No change
PH Parker Hannifin Corp. 0.12% 1,012 $562K No change
SCHA Schwab US Small-Cap ETF 0.12% 11,025 $543K No change
TMO Thermo Fisher Scientific Inc. 0.11% 919 $534K Reduce -8.0%
PM Philip Morris International 0.11% 5,761 $528K No change
SCHB Schwab US Broad Market ETF 0.11% 8,629 $527K Add +2.5%
VB Vanguard Most SM-Cap ETF-Usd 0.11% 2,266 $518K No change
XSVM Invesco S&P Smallcap Value W 0.11% 9,094 $518K No change
STZ Constellation Brands Inc. Class A 0.11% 1,874 $509K No change
XMVM Invesco S&P Midcap Value Wit 0.10% 8,749 $475K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.10% 2,444 $467K No change
VEU Vanguard Ftse All-World Ex-U 0.10% 7,851 $460K No change
NEE Nextera Energy Inc. 0.09% 6,900 $441K No change
VDC Vanguard Consumer Staple ETF 0.09% 2,103 $429K Reduce -5.0%
SHW The Sherwin-Williams Co. 0.09% 1,194 $415K No change
IUSG iShares Core S&P U.S. Growth 0.09% 3,468 $406K Add +19.6%
KO The Coca-Cola Co. 0.09% 6,628 $406K No change
GOOGL Alphabet Inc. Class A 0.09% 2,680 $404K Reduce -0.7%
SCHX Schwab US Large-Cap ETF 0.08% 6,432 $399K Reduce -2.8%
CSCO Cisco Systems Inc. 0.08% 7,782 $388K Reduce -1.3%
XJH Ishare ESG SS S&P Midcap ETF 0.08% 9,425 $387K Add +10.6%
ABBV Abbvie Inc. 0.07% 1,898 $346K No change
SCHM Schwab US Mid Cap ETF 0.07% 3,915 $319K Reduce -0.6%
XAR SS SPDR S&P Aerospace Def 0.06% 2,160 $304K Add +20.3%
JNJ Johnson & Johnson 0.06% 1,905 $301K No change
CVX Chevron Corp. 0.06% 1,888 $298K No change
SLYV SS SPDR S&P 600 SC Val ETF 0.06% 3,544 $294K Reduce -0.7%
VPL Vanguard Ftse Pacific ETF 0.06% 3,751 $285K No change
META Meta Platforms Inc. Class A 0.06% 569 $276K New
MDLZ Mondelez International Inc. Class A 0.06% 3,923 $275K No change
XJR Ishr ESG SS S&P Smal-Cap-Usd 0.06% 6,985 $274K Add +11.1%
VYM Vanguard High DVD Yield ETF 0.06% 2,165 $262K No change
WMT Walmart Inc. 0.05% 4,200 $253K No change
NOW ServiceNow Inc. 0.05% 317 $242K No change
SPHQ Invesco S&P 500 Quality ETF 0.05% 4,000 $242K No change
AMZN Amazon.com Inc. 0.05% 1,223 $221K New
SYK Stryker Corp. 0.05% 600 $215K New
VSS Vanguard Ftse All Wo X-US SC 0.05% 1,825 $213K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.04% 2,000 $203K New
ALL Allstate Corp. 0.04% 1,161 $201K New
ADP Automatic Data Processing 0.04% 801 $200K New

Portfolio Sells Q4 2023 → Q1 2024
RZV Invesco S&P Smallcap 600 Pur Reduce -2.9% 1.96% −0.20
VFVA Vanguard U.S. Value Factor Reduce -0.1% 10.89% −0.12
RPV Invesco S&P 500 Pure Value E Reduce -2.2% 7.18% −0.11
IQLT iShares MSCI International Q Reduce -1.2% 3.63% −0.09
IDLV Invesco S&P International DE Reduce -3.8% 0.62% −0.07
EMGF iShares Emerging Markets Equ Reduce -2.5% 1.29% −0.07
AAPL Apple Inc. Reduce -2.0% 0.31% −0.07
INTC Intel Corp. Reduce -1.0% 0.28% −0.06
DIA SS SPDR Dow Jones Indus Avg Reduce -2.1% 1.68% −0.06
IVV iShares Core S&P 500 ETF Reduce -5.0% 2.42% −0.06
VEA Vanguard Ftse Developed ETF Reduce -6.3% 0.52% −0.05
IEMG iShares Core MSCI Emerging Reduce -0.5% 0.83% −0.05
IEFA iShares Core MSCI Eafe ETF Reduce -0.5% 1.65% −0.03
IJR iShares Core S&P Small-Cap E Reduce -0.4% 0.55% −0.03
XSMO Invesco S&P Smallcap Momentu Reduce -0.8% 2.16% −0.03
VFQY Vanguard U.S. Quality Factor Reduce -1.7% 5.26% −0.03
USMV iShares MSCI USA Min Vol Fac Reduce -0.9% 3.11% −0.03
PAYX Paychex Inc. Reduce -0.6% 0.56% −0.03
IJH iShares Core S&P Midcap ETF Reduce -3.9% 1.41% −0.02
IVLU iShares MSCI International V Reduce -0.0% 4.24% −0.02
SCHF Schwab Intl Equity ETF Reduce -0.3% 1.13% −0.02
AMGN Amgen Inc. Reduce -2.4% 0.15% −0.02
EEMV iShares MSCI Emg MKT Min Vol Reduce -1.5% 0.24% −0.02
SCHE Schwab Emrg Mrkts Eqty ETF Reduce -2.0% 0.20% −0.01
DFIV Dimensional International Va Reduce -1.7% 0.72% −0.01
CSCO Cisco Systems Inc. Reduce -1.3% 0.08% −0.01
TMO Thermo Fisher Scientific Inc. Reduce -8.0% 0.11% −0.01
SPTM SS SPDR P S&P 1500 Comp ETF Reduce -6.9% 0.14% −0.01
SLYV SS SPDR S&P 600 SC Val ETF Reduce -0.7% 0.06% −0.01
VDC Vanguard Consumer Staple ETF Reduce -5.0% 0.09% −0.00
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -1.9% 0.17% −0.00
ESGV Vanguard ESG US Stock ETF Reduce -4.9% 0.14% −0.00
EFA iShares MSCI Eafe ETF Reduce -1.3% 0.12% −0.00
VTI VG Morningstar TS MKT ETF-US Reduce -3.6% 0.20% −0.00
QQQ Invesco QQQ Trust Series 1 Reduce -1.4% 0.25% −0.00
SCHX Schwab US Large-Cap ETF Reduce -2.8% 0.08% −0.00
GOOGL Alphabet Inc. Class A Reduce -0.7% 0.09% +0.00
SCHM Schwab US Mid Cap ETF Reduce -0.6% 0.07% +0.00
IWV iShares Russell 3000 ETF Reduce -1.6% 0.18% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -2.1% 1.27% +0.01
MSFT Microsoft Corp. Reduce -0.8% 0.31% +0.01
MRK Merck & Co. Inc. Reduce -1.7% 0.14% +0.01
ORCL Oracle Corp. Reduce -0.5% 0.18% +0.02
JPM JPMorgan Chase & Co. Reduce -1.0% 0.31% +0.02
QUAL iShares MSCI USA Quality Fac Reduce -2.8% 5.40% +0.07
VFMO Vanguard US Momentum Factor Reduce -0.7% 1.20% +0.08
QVMT Invesco S&P 500 Concentrated Reduce -0.4% 1.82% +0.09
IMTM iShares MSCI Intl Momentum F Reduce -1.0% 3.67% +0.20
MTUM iShares MSCI USA Momentum Fa Reduce -2.5% 8.32% +0.67

Portfolio Buys Q4 2023 → Q1 2024
META Meta Platforms Inc. Class A New 0.06% +0.06
AMZN Amazon.com Inc. New 0.05% +0.05
GE General Electric Add +9.5% 0.16% +0.05
EFIV SS SPDR S&P 500 ESG ETF Add +9.5% 0.42% +0.05
SYK Stryker Corp. New 0.05% +0.05
TJX TJX Companies Inc. New 0.04% +0.04
ALL Allstate Corp. New 0.04% +0.04
ADP Automatic Data Processing New 0.04% +0.04
ESGD iShares Trust iShares ESG Aw Add +12.2% 0.24% +0.02
IUSG iShares Core S&P U.S. Growth Add +19.6% 0.09% +0.02
XAR SS SPDR S&P Aerospace Def Add +20.3% 0.06% +0.01
XJH Ishare ESG SS S&P Midcap ETF Add +10.6% 0.08% +0.01
SCHB Schwab US Broad Market ETF Add +2.5% 0.11% +0.01
XJR Ishr ESG SS S&P Smal-Cap-Usd Add +11.1% 0.06% +0.00
SMMV iShares MSCI USA Small-Cap M Add +0.4% 0.33% −0.01
AVEM Avantis Emerging Markets Eq Add +2.5% 0.43% −0.01
AVES Avantis Emerging Markets Val Add +3.0% 2.95% −0.03
VNQ Vanguard Real Estate ETF Add +2.2% 0.37% −0.03
BNL Broadstone Net Lease Inc. Add +9.6% 0.38% −0.03
SPLV Invesco S&P 500 Low Volatili Add +0.4% 5.73% −0.08
EFAV iShares MSCI Eafe Min Vol Fa Add +1.1% 2.99% −0.11
XSLV Invesco S&P Smallcap Low Vol Add +0.3% 1.65% −0.11

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 125$670.8MMTUM, VFVA, RPV, SPLV, QUAL
Q1 2026 132$610.2MVFVA, MTUM, RPV, SPLV, QUAL
Q4 2025 132$595.5MVFVA, MTUM, RPV, SPLV, QUAL
Q3 2025 131$587.6MVFVA, MTUM, SPLV, RPV, QUAL
Q2 2025 128$552.1MVFVA, MTUM, SPLV, RPV, QUAL
Q1 2025 128$501.4MVFVA, MTUM, SPLV, RPV, QUAL
Q4 2024 132$492.2MVFVA, MTUM, RPV, SPLV, QUAL
Q3 2024 130$502.0MVFVA, MTUM, RPV, SPLV, QUAL
Q2 2024 118$481.6MVFVA, MTUM, RPV, SPLV, QUAL
Q1 2024 107$470.0MVFVA, MTUM, RPV, SPLV, QUAL