Armbruster Capital Management, Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 4, 2024), Armbruster Capital Management, Inc. reported 130 stock positions worth $502.0 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, 8.1%) and Invesco S&P 500 Pure Value E (RPV, 6.1%). Compared with Q2 2024, it opened 15 new positions, sold out of 3, added to 39 and reduced 51. The biggest buy was a new position in Cencora (COR) and the biggest sale Invesco S&P 500 Pure Value E (RPV, shares −11%).
- Most Recent 13F
- Q2 2026
- Location
- PITTSFORD, NY
- CIK
- 0001664847
- Portfolio Value
- $502.0M (Q3 2024)
- SEC Filing
- 0001140361-24-045059 ↗ filed Nov 4, 2024
Holdings Value
Holdings 130 stocks · $502.0M
| VFVA Vanguard U.S. Value Factor | 10.01% | 417,017 | $50.3M | Reduce -2.3% |
| MTUM iShares MSCI USA Momentum Fa | 8.08% | 200,091 | $40.6M | Reduce -6.1% |
| RPV Invesco S&P 500 Pure Value E | 6.07% | 342,577 | $30.5M | Reduce -10.5% |
| SPLV Invesco S&P 500 Low Volatili | 5.82% | 407,586 | $29.2M | Reduce -5.9% |
| QUAL iShares MSCI USA Quality Fac | 5.17% | 144,714 | $25.9M | Reduce -6.1% |
| VFQY Vanguard U.S. Quality Factor | 5.09% | 178,887 | $25.6M | Reduce -2.0% |
| IVLU iShares MSCI International V | 3.90% | 663,548 | $19.6M | Reduce -6.9% |
| IQLT iShares MSCI International Q | 3.40% | 411,796 | $17.1M | Reduce -6.2% |
| IMTM iShares MSCI Intl Momentum F | 3.34% | 415,543 | $16.8M | Reduce -7.3% |
| AVES Avantis Emerging Markets Val | 3.15% | 302,981 | $15.8M | Add +0.4% |
| USMV iShares MSCI USA Min Vol Fac | 2.99% | 164,667 | $15.0M | Reduce -4.3% |
| EFAV iShares MSCI Eafe Min Vol Fa | 2.96% | 194,011 | $14.9M | Reduce -5.5% |
| IVV iShares Core S&P 500 ETF | 2.43% | 21,131 | $12.2M | Add +0.6% |
| XSMO Invesco S&P Smallcap Momentu | 2.29% | 173,571 | $11.5M | Reduce -3.1% |
| IEFA iShares Core MSCI Eafe ETF | 2.06% | 132,218 | $10.3M | Add +5.7% |
| XSLV Invesco S&P Smallcap Low Vol | 1.85% | 193,212 | $9.3M | Add +0.3% |
| QVMT Invesco S&P 500 Concentrated | 1.67% | 167,903 | $8.4M | Reduce -1.9% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 1.64% | 19,432 | $8.2M | Add +0.1% |
| RZV Invesco S&P Smallcap 600 Pur | 1.54% | 70,575 | $7.7M | Reduce -15.8% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 1.36% | 26,015 | $6.8M | No change |
| EMGF iShares Emerging Markets Equ | 1.30% | 131,558 | $6.6M | Reduce -1.3% |
| VFMO Vanguard US Momentum Factor | 1.27% | 39,565 | $6.4M | Add +7.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.26% | 11,025 | $6.3M | Reduce -3.4% |
| SCHF Schwab Intl Equity ETF | 1.09% | 133,319 | $5.5M | Reduce -0.4% |
| IJH iShares Core S&P Midcap ETF | 1.01% | 81,314 | $5.1M | Reduce -24.0% |
| IEMG iShares Core MSCI Emerging | 0.98% | 85,558 | $4.9M | Reduce -2.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.85% | 16,122 | $4.3M | Add +1.2% |
| DFIV Dimensional International Va | 0.74% | 97,072 | $3.7M | Add +6.0% |
| IDLV Invesco S&P International DE | 0.58% | 96,051 | $2.9M | Reduce -7.8% |
| VOO Vanguard S&P 500 ETF | 0.55% | 5,213 | $2.8M | Add +6.5% |
| VEA Vanguard Ftse Developed ETF | 0.55% | 52,063 | $2.7M | Add +7.7% |
| IJR iShares Core S&P Small-Cap E | 0.54% | 23,115 | $2.7M | No change |
| PAYX Paychex Inc. | 0.53% | 19,828 | $2.7M | Reduce -10.1% |
| AVEM Avantis Emerging Markets Eq | 0.42% | 32,858 | $2.1M | Reduce -29.4% |
| ESGV Vanguard ESG US Stock ETF | 0.42% | 20,632 | $2.1M | Add +197.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.41% | 4,523 | $2.1M | Reduce -0.1% |
| AAPL Apple Inc. | 0.41% | 8,861 | $2.1M | Add +2.5% |
| COR Cencora Inc. | 0.39% | 8,604 | $1.9M | New |
| AVDE Avantis International Equity | 0.38% | 28,682 | $1.9M | Add +7.2% |
| XOM Exxon Mobil Corp. | 0.37% | 16,038 | $1.9M | Add +11.4% |
| JPM JPMorgan Chase & Co. | 0.37% | 8,808 | $1.9M | Add +17.4% |
| VNQ Vanguard Real Estate ETF | 0.37% | 18,972 | $1.8M | Reduce -5.4% |
| AVLV Avantis US Large Cap Value | 0.36% | 27,120 | $1.8M | Add +2.1% |
| EFIV SS SPDR S&P 500 ESG ETF | 0.35% | 31,730 | $1.8M | Reduce -19.5% |
| MSFT Microsoft Corp. | 0.35% | 4,048 | $1.7M | Add +2.6% |
| SMMV iShares MSCI USA Small-Cap M | 0.32% | 39,775 | $1.6M | Reduce -1.7% |
| VWO Vanguard Ftse Emerging Marke | 0.31% | 32,880 | $1.6M | Add +3.7% |
| BNL Broadstone Net Lease Inc. | 0.29% | 75,554 | $1.4M | Reduce -15.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.26% | 2,651 | $1.3M | Reduce -0.6% |
| UNP Union Pacific Corp. | 0.23% | 4,756 | $1.2M | Add +101.6% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.21% | 35,771 | $1.0M | No change |
| AVUV Avantis US Small Cap Value | 0.21% | 10,805 | $1.0M | Add +11.8% |
| ESGD iShares Trust iShares ESG Aw | 0.20% | 12,032 | $1.0M | Reduce -16.3% |
| SCHX Schwab US Large-Cap ETF | 0.20% | 14,679 | $996K | Add +152.1% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.19% | 20,543 | $935K | Add +31.1% |
| IWV iShares Russell 3000 ETF | 0.18% | 2,749 | $898K | Reduce -0.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.18% | 3,130 | $886K | Reduce -11.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.17% | 4,939 | $862K | Reduce -7.9% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.17% | 12,245 | $858K | Add +9.1% |
| KMB Kimberly-Clark Corp. | 0.17% | 6,000 | $854K | New |
| EEMV iShares MSCI Emg MKT Min Vol | 0.17% | 13,516 | $847K | Reduce -31.3% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.17% | 15,450 | $845K | Add +18.8% |
| XMMO Invesco S&P Midcap Momentum | 0.17% | 6,959 | $837K | No change |
| AMGN Amgen Inc. | 0.16% | 2,472 | $797K | Reduce -0.6% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.16% | 3,916 | $786K | Add +0.2% |
| ORCL Oracle Corp. | 0.15% | 4,478 | $763K | Reduce -34.6% |
| PM Philip Morris International | 0.15% | 6,008 | $729K | Add +3.7% |
| HD Home Depot Inc. | 0.14% | 1,745 | $707K | Add +0.5% |
| GE General Electric filed as GE AEROSPACE | 0.14% | 3,717 | $701K | No change |
| UNH Unitedhealth Group Inc. | 0.14% | 1,178 | $689K | Add +0.3% |
| PH Parker Hannifin Corp. | 0.13% | 1,012 | $639K | Reduce -0.2% |
| PWB Invesco Large Cap Growth ETF | 0.13% | 6,370 | $629K | No change |
| PG The Procter & Gamble Co. | 0.12% | 3,526 | $611K | Reduce -0.2% |
| EFA iShares MSCI Eafe ETF | 0.12% | 7,287 | $609K | Reduce -0.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.12% | 2,541 | $603K | No change |
| INTC Intel Corp. | 0.12% | 25,350 | $595K | Reduce -7.7% |
| ACWV iShares MSCI Global Min Vol | 0.12% | 5,160 | $591K | No change |
| PWV Invesco Large Cap Value ETF | 0.12% | 10,117 | $590K | No change |
| TMO Thermo Fisher Scientific Inc. | 0.12% | 934 | $578K | Reduce -2.5% |
| GOOGL Alphabet Inc. Class A | 0.11% | 3,462 | $574K | Reduce -1.2% |
| SCHB Schwab US Broad Market ETF | 0.11% | 8,552 | $569K | Add +0.2% |
| SCHA Schwab US Small-Cap ETF | 0.11% | 10,985 | $566K | Reduce -0.2% |
| NEE Nextera Energy Inc. | 0.11% | 6,552 | $554K | Add +0.7% |
| INTF iShares International Equity | 0.11% | 17,575 | $552K | New |
| AVGO Broadcom Inc. | 0.11% | 3,080 | $531K | Add +12.4% |
| XSVM Invesco S&P Smallcap Value W | 0.10% | 9,281 | $510K | Reduce -0.3% |
| MRK Merck & Co. Inc. | 0.10% | 4,413 | $501K | Reduce -8.6% |
| AVLC Avantis US LG Cap Eq ETF | 0.10% | 7,525 | $497K | New |
| VEU Vanguard Ftse All-World Ex-U | 0.10% | 7,851 | $495K | No change |
| XMVM Invesco S&P Midcap Value Wit | 0.10% | 8,749 | $485K | No change |
| PFE Pfizer Inc. | 0.09% | 16,335 | $473K | New |
| SHW The Sherwin-Williams Co. | 0.09% | 1,194 | $456K | No change |
| KO The Coca-Cola Co. | 0.09% | 5,979 | $430K | Reduce -4.0% |
| ABBV Abbvie Inc. | 0.08% | 2,152 | $425K | Add +6.5% |
| IUSG iShares Core S&P U.S. Growth | 0.08% | 3,125 | $412K | Reduce -6.7% |
| VDC Vanguard Consumer Staple ETF | 0.08% | 1,729 | $378K | No change |
| CSCO Cisco Systems Inc. | 0.07% | 6,835 | $364K | Reduce -12.0% |
| META Meta Platforms Inc. Class A | 0.07% | 598 | $342K | No change |
| WMT Walmart Inc. | 0.07% | 4,217 | $341K | No change |
| XAR SS SPDR S&P Aerospace Def | 0.07% | 2,160 | $340K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| RPV Invesco S&P 500 Pure Value E | Reduce -10.5% | 6.07% | −0.56 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -6.1% | 8.08% | −0.54 |
| QUAL iShares MSCI USA Quality Fac | Reduce -6.1% | 5.17% | −0.29 |
| IJH iShares Core S&P Midcap ETF | Reduce -24.0% | 1.01% | −0.29 |
| IMTM iShares MSCI Intl Momentum F | Reduce -7.3% | 3.34% | −0.26 |
| RZV Invesco S&P Smallcap 600 Pur | Reduce -15.8% | 1.54% | −0.19 |
| AVEM Avantis Emerging Markets Eq | Reduce -29.4% | 0.42% | −0.17 |
| IQLT iShares MSCI International Q | Reduce -6.2% | 3.40% | −0.16 |
| IVLU iShares MSCI International V | Reduce -6.9% | 3.90% | −0.16 |
| EFIV SS SPDR S&P 500 ESG ETF | Reduce -19.5% | 0.35% | −0.08 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.08 |
| EEMV iShares MSCI Emg MKT Min Vol | Reduce -31.3% | 0.17% | −0.06 |
| INTC Intel Corp. | Reduce -7.7% | 0.12% | −0.06 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.06 |
| ORCL Oracle Corp. | Reduce -34.6% | 0.15% | −0.05 |
| ESGE iShares Inc. iShares ESG Awar | Sold out | 0.00% | −0.04 |
| IBM Intl Business Machines Corp. | Reduce -52.3% | 0.05% | −0.04 |
| QVMT Invesco S&P 500 Concentrated | Reduce -1.9% | 1.67% | −0.04 |
| ESGD iShares Trust iShares ESG Aw | Reduce -16.3% | 0.20% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -3.4% | 1.26% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -8.6% | 0.10% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -11.3% | 0.18% | −0.02 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -5.9% | 5.82% | −0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -1.2% | 0.11% | −0.02 |
| JNJ Johnson & Johnson | Reduce -31.1% | 0.04% | −0.01 |
| XJH Ishare ESG SS S&P Midcap ETF | Reduce -20.1% | 0.06% | −0.01 |
| PAYX Paychex Inc. | Reduce -10.1% | 0.53% | −0.01 |
| BNL Broadstone Net Lease Inc. | Reduce -15.4% | 0.29% | −0.01 |
| IDLV Invesco S&P International DE | Reduce -7.8% | 0.58% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.6% | 0.26% | −0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -7.9% | 0.17% | −0.01 |
| IUSG iShares Core S&P U.S. Growth | Reduce -6.7% | 0.08% | −0.01 |
| VFVA Vanguard U.S. Value Factor | Reduce -2.3% | 10.01% | −0.01 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -4.3% | 2.99% | −0.00 |
| XJR Ishr ESG SS S&P Smal-Cap-Usd | Reduce -13.4% | 0.05% | −0.00 |
| CSCO Cisco Systems Inc. | Reduce -12.0% | 0.07% | −0.00 |
| AMGN Amgen Inc. | Reduce -0.6% | 0.16% | −0.00 |
| XSVM Invesco S&P Smallcap Value W | Reduce -0.3% | 0.10% | +0.00 |
| PG The Procter & Gamble Co. | Reduce -0.2% | 0.12% | +0.00 |
| IWV iShares Russell 3000 ETF | Reduce -0.8% | 0.18% | +0.00 |
| EFA iShares MSCI Eafe ETF | Reduce -0.8% | 0.12% | +0.00 |
| KO The Coca-Cola Co. | Reduce -4.0% | 0.09% | +0.00 |
| IEMG iShares Core MSCI Emerging | Reduce -2.4% | 0.98% | +0.00 |
| SCHA Schwab US Small-Cap ETF | Reduce -0.2% | 0.11% | +0.00 |
| TMO Thermo Fisher Scientific Inc. | Reduce -2.5% | 0.12% | +0.01 |
| EFAV iShares MSCI Eafe Min Vol Fa | Reduce -5.5% | 2.96% | +0.01 |
| VFQY Vanguard U.S. Quality Factor | Reduce -2.0% | 5.09% | +0.01 |
| SMMV iShares MSCI USA Small-Cap M | Reduce -1.7% | 0.32% | +0.01 |
| EMGF iShares Emerging Markets Equ | Reduce -1.3% | 1.30% | +0.01 |
| VNQ Vanguard Real Estate ETF | Reduce -5.4% | 0.37% | +0.02 |
Portfolio Buys Q2 2024 → Q3 2024
| COR Cencora Inc. | New | 0.39% | +0.39 |
| ESGV Vanguard ESG US Stock ETF | Add +197.4% | 0.42% | +0.28 |
| KMB Kimberly-Clark Corp. | New | 0.17% | +0.17 |
| IEFA iShares Core MSCI Eafe ETF | Add +5.7% | 2.06% | +0.17 |
| UNP Union Pacific Corp. | Add +101.6% | 0.23% | +0.12 |
| SCHX Schwab US Large-Cap ETF | Add +152.1% | 0.20% | +0.12 |
| VFMO Vanguard US Momentum Factor | Add +7.1% | 1.27% | +0.12 |
| INTF iShares International Equity | New | 0.11% | +0.11 |
| XSLV Invesco S&P Smallcap Low Vol | Add +0.3% | 1.85% | +0.11 |
| AVLC Avantis US LG Cap Eq ETF | New | 0.10% | +0.10 |
| PFE Pfizer Inc. | New | 0.09% | +0.09 |
| AVES Avantis Emerging Markets Val | Add +0.4% | 3.15% | +0.09 |
| DIA SS SPDR Dow Jones Indus Avg | Add +0.1% | 1.64% | +0.06 |
| JPM JPMorgan Chase & Co. | Add +17.4% | 0.37% | +0.05 |
| GEV GE Vernova Inc. | New | 0.05% | +0.05 |
| DFIV Dimensional International Va | Add +6.0% | 0.74% | +0.05 |
| VEA Vanguard Ftse Developed ETF | Add +7.7% | 0.55% | +0.05 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +31.1% | 0.19% | +0.05 |
| PPG PPG Industries Inc. | New | 0.05% | +0.05 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +1.2% | 0.85% | +0.05 |
| BX Blackstone Inc. | New | 0.04% | +0.04 |
| ADP Automatic Data Processing | New | 0.04% | +0.04 |
| ALL Allstate Corp. | New | 0.04% | +0.04 |
| LMT Lockheed Martin Corp. | New | 0.04% | +0.04 |
| SPHD Invesco S&P 500 High Dividen | New | 0.04% | +0.04 |
| APD Air Products & Chemicals Inc. | New | 0.04% | +0.04 |
| T AT&T Inc. | New | 0.04% | +0.04 |
| IVV iShares Core S&P 500 ETF | Add +0.6% | 2.43% | +0.04 |
| MMM 3M Co. | New | 0.04% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +6.5% | 0.55% | +0.04 |
| AVDE Avantis International Equity | Add +7.2% | 0.38% | +0.04 |
| AAPL Apple Inc. | Add +2.5% | 0.41% | +0.03 |
| XOM Exxon Mobil Corp. | Add +11.4% | 0.37% | +0.03 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +18.8% | 0.17% | +0.03 |
| AVUV Avantis US Small Cap Value | Add +11.8% | 0.21% | +0.03 |
| VWO Vanguard Ftse Emerging Marke | Add +3.7% | 0.31% | +0.03 |
| PM Philip Morris International | Add +3.7% | 0.15% | +0.02 |
| HD Home Depot Inc. | Add +0.5% | 0.14% | +0.02 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +9.1% | 0.17% | +0.02 |
| NEE Nextera Energy Inc. | Add +0.7% | 0.11% | +0.01 |
| AVGO Broadcom Inc. | Add +12.4% | 0.11% | +0.01 |
| UNH Unitedhealth Group Inc. | Add +0.3% | 0.14% | +0.01 |
| ABBV Abbvie Inc. | Add +6.5% | 0.08% | +0.01 |
| AVLV Avantis US Large Cap Value | Add +2.1% | 0.36% | +0.01 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +0.2% | 0.16% | +0.01 |
| TJX TJX Companies Inc. | Add +6.9% | 0.05% | +0.00 |
| VYM Vanguard High DVD Yield ETF | Add +1.8% | 0.06% | +0.00 |
| VXUS Vanguard Total Intl Stock | Add +2.1% | 0.05% | +0.00 |
| SCHB Schwab US Broad Market ETF | Add +0.2% | 0.11% | +0.00 |
| SCHM Schwab US Mid Cap ETF | Add +0.4% | 0.07% | +0.00 |
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 |