Armbruster Capital Management, Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 29, 2024), Armbruster Capital Management, Inc. reported 118 stock positions worth $481.6 million. Its top holding was Vanguard U.S. Value Factor (VFVA) at 10.0% of the portfolio, followed by iShares MSCI USA Momentum Fa (MTUM, 8.6%) and Invesco S&P 500 Pure Value E (RPV, 6.6%). Compared with Q1 2024, it opened 13 new positions, sold out of 2, added to 49 and reduced 40. The biggest buy was a new position in Vanguard S&P 500 ETF (VOO) and the biggest sale Vanguard U.S. Value Factor (VFVA, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- PITTSFORD, NY
- CIK
- 0001664847
- Portfolio Value
- $481.6M (Q2 2024)
- SEC Filing
- 0001140361-24-034694 ↗ filed Jul 29, 2024
Holdings Value
Holdings 118 stocks · $481.6M
| VFVA Vanguard U.S. Value Factor | 10.02% | 426,742 | $48.3M | Reduce -0.5% |
| MTUM iShares MSCI USA Momentum Fa | 8.62% | 213,014 | $41.5M | Add +2.0% |
| RPV Invesco S&P 500 Pure Value E | 6.63% | 382,923 | $31.9M | Add +0.4% |
| SPLV Invesco S&P 500 Low Volatili | 5.84% | 433,207 | $28.1M | Add +5.9% |
| QUAL iShares MSCI USA Quality Fac | 5.46% | 154,048 | $26.3M | Reduce -0.2% |
| VFQY Vanguard U.S. Quality Factor | 5.08% | 182,552 | $24.5M | Add +1.1% |
| IVLU iShares MSCI International V | 4.06% | 712,510 | $19.6M | Add +1.0% |
| IMTM iShares MSCI Intl Momentum F | 3.60% | 448,123 | $17.3M | Add +1.9% |
| IQLT iShares MSCI International Q | 3.56% | 439,084 | $17.1M | Add +2.1% |
| AVES Avantis Emerging Markets Val | 3.05% | 301,726 | $14.7M | Add +3.0% |
| USMV iShares MSCI USA Min Vol Fac | 3.00% | 172,063 | $14.4M | Reduce -1.7% |
| EFAV iShares MSCI Eafe Min Vol Fa | 2.96% | 205,349 | $14.2M | Add +3.6% |
| IVV iShares Core S&P 500 ETF | 2.39% | 20,997 | $11.5M | Reduce -2.9% |
| XSMO Invesco S&P Smallcap Momentu | 2.23% | 179,100 | $10.8M | Add +6.2% |
| IEFA iShares Core MSCI Eafe ETF | 1.89% | 125,084 | $9.1M | Add +19.6% |
| XSLV Invesco S&P Smallcap Low Vol | 1.75% | 192,589 | $8.4M | Add +9.8% |
| RZV Invesco S&P Smallcap 600 Pur | 1.73% | 83,869 | $8.3M | Reduce -1.9% |
| QVMT Invesco S&P 500 Concentrated | 1.70% | 171,128 | $8.2M | Reduce -0.3% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 1.58% | 19,423 | $7.6M | Reduce -2.3% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 1.35% | 26,015 | $6.5M | No change |
| IJH iShares Core S&P Midcap ETF | 1.30% | 106,955 | $6.3M | Reduce -1.7% |
| EMGF iShares Emerging Markets Equ | 1.29% | 133,324 | $6.2M | Reduce -1.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.29% | 11,410 | $6.2M | Add +0.0% |
| VFMO Vanguard US Momentum Factor | 1.15% | 36,940 | $5.5M | Reduce -0.8% |
| SCHF Schwab Intl Equity ETF | 1.07% | 133,899 | $5.1M | Reduce -1.4% |
| IEMG iShares Core MSCI Emerging | 0.97% | 87,666 | $4.7M | Add +15.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.80% | 15,937 | $3.9M | Add +0.9% |
| DFIV Dimensional International Va | 0.68% | 91,569 | $3.3M | Reduce -1.2% |
| AVEM Avantis Emerging Markets Eq | 0.59% | 46,555 | $2.8M | Add +33.6% |
| IDLV Invesco S&P International DE | 0.59% | 104,175 | $2.8M | Reduce -0.1% |
| PAYX Paychex Inc. | 0.54% | 22,059 | $2.6M | Add +2.5% |
| IJR iShares Core S&P Small-Cap E | 0.51% | 23,115 | $2.5M | Reduce -0.9% |
| VOO Vanguard S&P 500 ETF | 0.51% | 4,895 | $2.4M | New |
| VEA Vanguard Ftse Developed ETF | 0.50% | 48,325 | $2.4M | Reduce -0.7% |
| EFIV SS SPDR S&P 500 ESG ETF | 0.43% | 39,430 | $2.1M | Add +0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.38% | 4,528 | $1.8M | Add +4.1% |
| AAPL Apple Inc. | 0.38% | 8,646 | $1.8M | Add +3.3% |
| MSFT Microsoft Corp. | 0.37% | 3,947 | $1.8M | Add +15.5% |
| VNQ Vanguard Real Estate ETF | 0.35% | 20,047 | $1.7M | Reduce -0.2% |
| AVLV Avantis US Large Cap Value | 0.35% | 26,560 | $1.7M | New |
| AVDE Avantis International Equity | 0.35% | 26,750 | $1.7M | New |
| XOM Exxon Mobil Corp. | 0.34% | 14,393 | $1.7M | Add +0.1% |
| JPM JPMorgan Chase & Co. | 0.32% | 7,504 | $1.5M | Add +4.5% |
| SMMV iShares MSCI USA Small-Cap M | 0.31% | 40,475 | $1.5M | Reduce -1.6% |
| BNL Broadstone Net Lease Inc. | 0.29% | 89,322 | $1.4M | Reduce -21.6% |
| VWO Vanguard Ftse Emerging Marke | 0.29% | 31,695 | $1.4M | Reduce -0.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.27% | 2,666 | $1.3M | Add +2.5% |
| ESGD iShares Trust iShares ESG Aw | 0.24% | 14,379 | $1.1M | Add +0.5% |
| EEMV iShares MSCI Emg MKT Min Vol | 0.23% | 19,666 | $1.1M | Reduce -0.7% |
| ORCL Oracle Corp. | 0.20% | 6,849 | $967K | Add +4.1% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.20% | 35,771 | $950K | Reduce -5.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.20% | 3,527 | $944K | Reduce -1.0% |
| AVUV Avantis US Small Cap Value | 0.18% | 9,665 | $867K | New |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.18% | 5,364 | $860K | Reduce -9.5% |
| IWV iShares Russell 3000 ETF | 0.18% | 2,770 | $855K | Reduce -0.8% |
| INTC Intel Corp. | 0.18% | 27,450 | $850K | Reduce -6.8% |
| XMMO Invesco S&P Midcap Momentum | 0.16% | 6,959 | $793K | No change |
| AMGN Amgen Inc. | 0.16% | 2,487 | $777K | Add +3.0% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.15% | 11,227 | $745K | Add +8.4% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.15% | 3,909 | $713K | Reduce -6.3% |
| ESGV Vanguard ESG US Stock ETF | 0.14% | 6,937 | $670K | No change |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.14% | 13,005 | $667K | New |
| SPSM SS SPDR P S&P 600 Small Cap | 0.14% | 15,670 | $651K | New |
| GOOGL Alphabet Inc. Class A | 0.13% | 3,503 | $638K | Add +30.7% |
| PWB Invesco Large Cap Growth ETF | 0.12% | 6,370 | $602K | No change |
| UNH Unitedhealth Group Inc. | 0.12% | 1,175 | $598K | No change |
| MRK Merck & Co. Inc. | 0.12% | 4,830 | $598K | Add +0.2% |
| HD Home Depot Inc. | 0.12% | 1,736 | $598K | Add +2.5% |
| GE General Electric filed as GE AEROSPACE | 0.12% | 3,717 | $591K | Reduce -13.4% |
| PM Philip Morris International | 0.12% | 5,794 | $587K | Add +0.6% |
| PG The Procter & Gamble Co. | 0.12% | 3,533 | $583K | Reduce -7.4% |
| EFA iShares MSCI Eafe ETF | 0.12% | 7,347 | $575K | Reduce -0.1% |
| PWV Invesco Large Cap Value ETF | 0.12% | 10,117 | $557K | No change |
| VB Vanguard Most SM-Cap ETF-Usd | 0.12% | 2,541 | $554K | Add +12.1% |
| ACWV iShares MSCI Global Min Vol | 0.11% | 5,160 | $540K | Reduce -18.3% |
| SCHB Schwab US Broad Market ETF | 0.11% | 8,538 | $537K | Reduce -1.1% |
| UNP Union Pacific Corp. | 0.11% | 2,359 | $534K | Add +0.1% |
| TMO Thermo Fisher Scientific Inc. | 0.11% | 958 | $530K | Add +4.2% |
| SCHA Schwab US Small-Cap ETF | 0.11% | 11,010 | $522K | Reduce -0.1% |
| PH Parker Hannifin Corp. | 0.11% | 1,014 | $513K | Add +0.2% |
| XSVM Invesco S&P Smallcap Value W | 0.10% | 9,309 | $488K | Add +2.4% |
| NEE Nextera Energy Inc. | 0.10% | 6,506 | $461K | Reduce -5.7% |
| VEU Vanguard Ftse All-World Ex-U | 0.10% | 7,851 | $460K | No change |
| XMVM Invesco S&P Midcap Value Wit | 0.09% | 8,749 | $452K | No change |
| AVGO Broadcom Inc. | 0.09% | 274 | $440K | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.09% | 2,500 | $432K | Add +2.3% |
| IUSG iShares Core S&P U.S. Growth | 0.09% | 3,350 | $427K | Reduce -3.4% |
| KO The Coca-Cola Co. | 0.08% | 6,229 | $396K | Reduce -6.0% |
| XJH Ishare ESG SS S&P Midcap ETF | 0.08% | 9,600 | $380K | Add +1.9% |
| SCHX Schwab US Large-Cap ETF | 0.08% | 5,822 | $374K | Reduce -9.5% |
| CSCO Cisco Systems Inc. | 0.08% | 7,765 | $369K | Reduce -0.2% |
| STZ Constellation Brands Inc. Class A | 0.08% | 1,410 | $363K | Reduce -24.8% |
| SHW The Sherwin-Williams Co. | 0.07% | 1,194 | $356K | No change |
| VDC Vanguard Consumer Staple ETF | 0.07% | 1,729 | $351K | Reduce -17.8% |
| ABBV Abbvie Inc. | 0.07% | 2,020 | $346K | Add +6.4% |
| SCHM Schwab US Mid Cap ETF | 0.06% | 3,925 | $305K | Add +0.3% |
| XAR SS SPDR S&P Aerospace Def | 0.06% | 2,160 | $302K | No change |
| META Meta Platforms Inc. Class A | 0.06% | 598 | $302K | Add +5.1% |
| CVX Chevron Corp. | 0.06% | 1,895 | $296K | Add +0.4% |
| COST Costco Wholesale Corp. | 0.06% | 344 | $292K | New |
Portfolio Sells Q1 2024 → Q2 2024
| VFVA Vanguard U.S. Value Factor | Reduce -0.5% | 10.02% | −0.87 |
| RZV Invesco S&P Smallcap 600 Pur | Reduce -1.9% | 1.73% | −0.23 |
| QVMT Invesco S&P 500 Concentrated | Reduce -0.3% | 1.70% | −0.12 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -1.7% | 3.00% | −0.11 |
| IJH iShares Core S&P Midcap ETF | Reduce -1.7% | 1.30% | −0.11 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -2.3% | 1.58% | −0.10 |
| INTC Intel Corp. | Reduce -6.8% | 0.18% | −0.10 |
| BNL Broadstone Net Lease Inc. | Reduce -21.6% | 0.29% | −0.09 |
| SCHF Schwab Intl Equity ETF | Reduce -1.4% | 1.07% | −0.06 |
| VFMO Vanguard US Momentum Factor | Reduce -0.8% | 1.15% | −0.05 |
| ALL Allstate Corp. | Sold out | 0.00% | −0.04 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.04 |
| DFIV Dimensional International Va | Reduce -1.2% | 0.68% | −0.04 |
| GE General Electric | Reduce -13.4% | 0.12% | −0.04 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.9% | 0.51% | −0.04 |
| STZ Constellation Brands Inc. Class A | Reduce -24.8% | 0.08% | −0.03 |
| IDLV Invesco S&P International DE | Reduce -0.1% | 0.59% | −0.03 |
| IVV iShares Core S&P 500 ETF | Reduce -2.9% | 2.39% | −0.03 |
| ACWV iShares MSCI Global Min Vol | Reduce -18.3% | 0.11% | −0.03 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -9.5% | 0.18% | −0.03 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.7% | 0.50% | −0.02 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -6.3% | 0.15% | −0.02 |
| VNQ Vanguard Real Estate ETF | Reduce -0.2% | 0.35% | −0.02 |
| VDC Vanguard Consumer Staple ETF | Reduce -17.8% | 0.07% | −0.02 |
| SMMV iShares MSCI USA Small-Cap M | Reduce -1.6% | 0.31% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -7.4% | 0.12% | −0.01 |
| JNJ Johnson & Johnson | Reduce -3.9% | 0.06% | −0.01 |
| SCHX Schwab US Large-Cap ETF | Reduce -9.5% | 0.08% | −0.01 |
| SCHA Schwab US Small-Cap ETF | Reduce -0.1% | 0.11% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -0.2% | 0.08% | −0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -0.1% | 0.12% | −0.01 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -5.0% | 0.20% | −0.01 |
| EEMV iShares MSCI Emg MKT Min Vol | Reduce -0.7% | 0.23% | −0.00 |
| KO The Coca-Cola Co. | Reduce -6.0% | 0.08% | −0.00 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.0% | 0.20% | −0.00 |
| IWV iShares Russell 3000 ETF | Reduce -0.8% | 0.18% | −0.00 |
| SCHB Schwab US Broad Market ETF | Reduce -1.1% | 0.11% | −0.00 |
| NEE Nextera Energy Inc. | Reduce -5.7% | 0.10% | +0.00 |
| IUSG iShares Core S&P U.S. Growth | Reduce -3.4% | 0.09% | +0.00 |
| VWO Vanguard Ftse Emerging Marke | Reduce -0.9% | 0.29% | +0.00 |
| EMGF iShares Emerging Markets Equ | Reduce -1.7% | 1.29% | +0.01 |
| QUAL iShares MSCI USA Quality Fac | Reduce -0.2% | 5.46% | +0.06 |
Portfolio Buys Q1 2024 → Q2 2024
| VOO Vanguard S&P 500 ETF | New | 0.51% | +0.51 |
| AVLV Avantis US Large Cap Value | New | 0.35% | +0.35 |
| AVDE Avantis International Equity | New | 0.35% | +0.35 |
| MTUM iShares MSCI USA Momentum Fa | Add +2.0% | 8.62% | +0.30 |
| IEFA iShares Core MSCI Eafe ETF | Add +19.6% | 1.89% | +0.23 |
| AVUV Avantis US Small Cap Value | New | 0.18% | +0.18 |
| AVEM Avantis Emerging Markets Eq | Add +33.6% | 0.59% | +0.16 |
| IEMG iShares Core MSCI Emerging | Add +15.9% | 0.97% | +0.14 |
| SPMD SS SPDR P S&P 400 Midcap ETF | New | 0.14% | +0.14 |
| SPSM SS SPDR P S&P 600 Small Cap | New | 0.14% | +0.14 |
| SPLV Invesco S&P 500 Low Volatili | Add +5.9% | 5.84% | +0.11 |
| AVES Avantis Emerging Markets Val | Add +3.0% | 3.05% | +0.10 |
| XSLV Invesco S&P Smallcap Low Vol | Add +9.8% | 1.75% | +0.10 |
| AVGO Broadcom Inc. | New | 0.09% | +0.09 |
| AAPL Apple Inc. | Add +3.3% | 0.38% | +0.07 |
| XSMO Invesco S&P Smallcap Momentu | Add +6.2% | 2.23% | +0.07 |
| COST Costco Wholesale Corp. | New | 0.06% | +0.06 |
| MSFT Microsoft Corp. | Add +15.5% | 0.37% | +0.06 |
| GOOG Alphabet Inc. Class C | New | 0.05% | +0.05 |
| IBIT iShares Bitcoin Trust ETF | New | 0.05% | +0.05 |
| GOOGL Alphabet Inc. Class A | Add +30.7% | 0.13% | +0.05 |
| VXUS Vanguard Total Intl Stock | New | 0.04% | +0.04 |
| ESGE iShares Inc. iShares ESG Awar | New | 0.04% | +0.04 |
| ORCL Oracle Corp. | Add +4.1% | 0.20% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.0% | 1.29% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +2.5% | 0.27% | +0.02 |
| AMGN Amgen Inc. | Add +3.0% | 0.16% | +0.02 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +8.4% | 0.15% | +0.01 |
| AMZN Amazon.com Inc. | Add +17.3% | 0.06% | +0.01 |
| EFIV SS SPDR S&P 500 ESG ETF | Add +0.1% | 0.43% | +0.01 |
| PM Philip Morris International | Add +0.6% | 0.12% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +4.5% | 0.32% | +0.01 |
| WMT Walmart Inc. | Add +0.4% | 0.06% | +0.01 |
| MOBIX LABS INC | New | 0.01% | +0.01 |
| TJX TJX Companies Inc. | Add +4.8% | 0.05% | +0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +12.1% | 0.12% | +0.00 |
| META Meta Platforms Inc. Class A | Add +5.1% | 0.06% | +0.00 |
| NOW ServiceNow Inc. | Add +0.3% | 0.05% | +0.00 |
| ABBV Abbvie Inc. | Add +6.4% | 0.07% | −0.00 |
| CVX Chevron Corp. | Add +0.4% | 0.06% | −0.00 |
| XJR Ishr ESG SS S&P Smal-Cap-Usd | Add +1.8% | 0.06% | −0.00 |
| SYK Stryker Corp. | Add +0.3% | 0.04% | −0.00 |
| XJH Ishare ESG SS S&P Midcap ETF | Add +1.9% | 0.08% | −0.00 |
| TMO Thermo Fisher Scientific Inc. | Add +4.2% | 0.11% | −0.00 |
| SCHM Schwab US Mid Cap ETF | Add +0.3% | 0.06% | −0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +4.1% | 0.38% | −0.01 |
| ESGD iShares Trust iShares ESG Aw | Add +0.5% | 0.24% | −0.01 |
| XSVM Invesco S&P Smallcap Value W | Add +2.4% | 0.10% | −0.01 |
| IBM Intl Business Machines Corp. | Add +2.3% | 0.09% | −0.01 |
| MRK Merck & Co. Inc. | Add +0.2% | 0.12% | −0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 125 | $670.8M | MTUM, VFVA, RPV, SPLV, QUAL |
| Q1 2026 | 132 | $610.2M | VFVA, MTUM, RPV, SPLV, QUAL |
| Q4 2025 | 132 | $595.5M | VFVA, MTUM, RPV, SPLV, QUAL |
| Q3 2025 | 131 | $587.6M | VFVA, MTUM, SPLV, RPV, QUAL |
| Q2 2025 | 128 | $552.1M | VFVA, MTUM, SPLV, RPV, QUAL |
| Q1 2025 | 128 | $501.4M | VFVA, MTUM, SPLV, RPV, QUAL |
| Q4 2024 | 132 | $492.2M | VFVA, MTUM, RPV, SPLV, QUAL |
| Q3 2024 | 130 | $502.0M | VFVA, MTUM, RPV, SPLV, QUAL |
| Q2 2024 | 118 | $481.6M | VFVA, MTUM, RPV, SPLV, QUAL |
| Q1 2024 | 107 | $470.0M | VFVA, MTUM, RPV, SPLV, QUAL |