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

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $470.0M Q1 2024 Q2 2024: $481.6M Q2 2024 Q3 2024: $502.0M $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 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
SCHM Schwab US Mid Cap ETF 0.07% 3,940 $327K Add +0.4%
XJH Ishare ESG SS S&P Midcap ETF 0.06% 7,675 $325K Reduce -20.1%
COST Costco Wholesale Corp. 0.06% 351 $311K Add +2.0%
SLYV SS SPDR S&P 600 SC Val ETF 0.06% 3,544 $308K No change
VPL Vanguard Ftse Pacific ETF 0.06% 3,751 $294K No change
CVX Chevron Corp. 0.06% 1,992 $293K Add +5.1%
MDLZ Mondelez International Inc. Class A 0.06% 3,923 $289K No change
NOW ServiceNow Inc. 0.06% 318 $284K No change
VYM Vanguard High DVD Yield ETF 0.06% 2,204 $283K Add +1.8%
GEV GE Vernova Inc. 0.05% 1,072 $273K New
SPHQ Invesco S&P 500 Quality ETF 0.05% 4,000 $269K No change
IBIT iShares Bitcoin Trust ETF 0.05% 7,400 $267K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.05% 1,193 $264K Reduce -52.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.05% 2,242 $264K Add +6.9%
XJR Ishr ESG SS S&P Smal-Cap-Usd 0.05% 6,160 $258K Reduce -13.4%
PPG PPG Industries Inc. 0.05% 1,900 $252K New
GOOG Alphabet Inc. Class C 0.05% 1,425 $238K No change
VXUS Vanguard Total Intl Stock 0.05% 3,560 $230K Add +2.1%
VSS Vanguard Ftse All Wo X-US SC 0.05% 1,825 $230K No change
BX Blackstone Inc. 0.04% 1,455 $223K New
ADP Automatic Data Processing 0.04% 801 $222K New
SYK Stryker Corp. 0.04% 611 $221K Add +1.5%
ALL Allstate Corp. 0.04% 1,161 $220K New
LMT Lockheed Martin Corp. 0.04% 373 $218K New
SPHD Invesco S&P 500 High Dividen 0.04% 4,239 $214K New
APD Air Products & Chemicals Inc. 0.04% 712 $212K New
T AT&T Inc. 0.04% 9,597 $211K New
MMM 3M Co. 0.04% 1,500 $205K New
JNJ Johnson & Johnson 0.04% 1,260 $204K Reduce -31.1%
MOBIX LABS INC 0.00% 14,620 $15K 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

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