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

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $470.0M Q1 2024 Q2 2024: $481.6M $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 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
WMT Walmart Inc. 0.06% 4,217 $286K Add +0.4%
VPL Vanguard Ftse Pacific ETF 0.06% 3,751 $278K No change
SLYV SS SPDR S&P 600 SC Val ETF 0.06% 3,544 $278K No change
AMZN Amazon.com Inc. 0.06% 1,434 $277K Add +17.3%
XJR Ishr ESG SS S&P Smal-Cap-Usd 0.06% 7,110 $269K Add +1.8%
JNJ Johnson & Johnson 0.06% 1,830 $267K Reduce -3.9%
GOOG Alphabet Inc. Class C 0.05% 1,425 $261K New
VYM Vanguard High DVD Yield ETF 0.05% 2,165 $257K No change
MDLZ Mondelez International Inc. Class A 0.05% 3,923 $257K No change
SPHQ Invesco S&P 500 Quality ETF 0.05% 4,000 $254K No change
IBIT iShares Bitcoin Trust ETF 0.05% 7,400 $253K New
NOW ServiceNow Inc. 0.05% 318 $250K Add +0.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.05% 2,097 $231K Add +4.8%
VSS Vanguard Ftse All Wo X-US SC 0.04% 1,825 $214K No change
VXUS Vanguard Total Intl Stock 0.04% 3,485 $210K New
SYK Stryker Corp. 0.04% 602 $205K Add +0.3%
ESGE iShares Inc. iShares ESG Awar 0.04% 6,000 $201K New
MOBIX LABS INC 0.01% 14,620 $24K 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

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