Armbruster Capital Management, Inc.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 22, 2025), Armbruster Capital Management, Inc. reported 132 stock positions worth $492.2 million. Its top holding was Vanguard U.S. Value Factor (VFVA) at 10.1% of the portfolio, followed by iShares MSCI USA Momentum Fa (MTUM, 8.5%) and Invesco S&P 500 Pure Value E (RPV, 6.2%). Compared with Q3 2024, it opened 11 new positions, sold out of 9, added to 44 and reduced 38. The biggest buy was iShares MSCI USA Momentum Fa (MTUM, shares +1%) and the biggest sale an exit from Cencora (COR).

Most Recent 13F
Q2 2026
Location
PITTSFORD, NY
CIK
0001664847
Portfolio Value
$492.2M (Q4 2024)
SEC Filing
0001140361-25-001556 ↗ filed Jan 22, 2025

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 Q3 2024 Q4 2024: $492.2M $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 132 stocks · $492.2M
VFVA Vanguard U.S. Value Factor 10.12% 420,646 $49.8M Add +0.9%
MTUM iShares MSCI USA Momentum Fa 8.46% 201,344 $41.7M Add +0.6%
RPV Invesco S&P 500 Pure Value E 6.22% 339,184 $30.6M Reduce -1.0%
SPLV Invesco S&P 500 Low Volatili 5.91% 415,589 $29.1M Add +2.0%
QUAL iShares MSCI USA Quality Fac 5.24% 144,899 $25.8M Add +0.1%
VFQY Vanguard U.S. Quality Factor 5.13% 179,382 $25.3M Add +0.3%
IVLU iShares MSCI International V 3.73% 676,969 $18.4M Add +2.0%
IMTM iShares MSCI Intl Momentum F 3.23% 424,760 $15.9M Add +2.2%
IQLT iShares MSCI International Q 3.22% 426,324 $15.8M Add +3.5%
USMV iShares MSCI USA Min Vol Fac 2.96% 164,237 $14.6M Reduce -0.3%
AVES Avantis Emerging Markets Val 2.92% 311,142 $14.4M Add +2.7%
EFAV iShares MSCI Eafe Min Vol Fa 2.84% 197,520 $14.0M Add +1.8%
IVV iShares Core S&P 500 ETF 2.38% 19,911 $11.7M Reduce -5.8%
XSMO Invesco S&P Smallcap Momentu 2.34% 173,993 $11.5M Add +0.2%
IEFA iShares Core MSCI Eafe ETF 2.00% 140,231 $9.9M Add +6.1%
XSLV Invesco S&P Smallcap Low Vol 1.90% 197,899 $9.3M Add +2.4%
QVMT Invesco S&P 500 Concentrated 1.67% 167,103 $8.2M Reduce -0.5%
RZV Invesco S&P Smallcap 600 Pur 1.57% 69,553 $7.7M Reduce -1.4%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 1.45% 16,723 $7.1M Reduce -13.9%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 1.43% 26,027 $7.0M Add +0.1%
VFMO Vanguard US Momentum Factor 1.33% 39,740 $6.5M Add +0.4%
SPY SS SPDR S&P 500 ETF Trust-US 1.29% 10,853 $6.4M Reduce -1.6%
EMGF iShares Emerging Markets Equ 1.20% 130,320 $5.9M Reduce -0.9%
IJH iShares Core S&P Midcap ETF 1.06% 83,649 $5.2M Add +2.9%
SCHF Schwab Intl Equity ETF 1.01% 267,669 $5.0M Add +0.4%
IEMG iShares Core MSCI Emerging 0.97% 91,048 $4.8M Add +6.4%
DFIV Dimensional International Va 0.72% 100,045 $3.5M Add +3.1%
VOO Vanguard S&P 500 ETF 0.69% 6,330 $3.4M Add +21.4%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.63% 11,723 $3.1M Reduce -27.3%
IDLV Invesco S&P International DE 0.60% 106,226 $3.0M Add +10.6%
VEA Vanguard Ftse Developed ETF 0.57% 58,796 $2.8M Add +12.9%
PAYX Paychex Inc. 0.56% 19,828 $2.8M No change
IJR iShares Core S&P Small-Cap E 0.56% 23,865 $2.7M Add +3.2%
AVEM Avantis Emerging Markets Eq 0.46% 38,890 $2.3M Add +18.4%
AAPL Apple Inc. 0.46% 8,997 $2.3M Add +1.5%
AVLV Avantis US Large Cap Value 0.44% 32,730 $2.2M Add +20.7%
ESGV Vanguard ESG US Stock ETF 0.43% 20,372 $2.1M Reduce -1.3%
AVDE Avantis International Equity 0.42% 33,392 $2.0M Add +16.4%
BRK.B Berkshire Hathaway Inc. Class B 0.40% 4,372 $2.0M Reduce -3.3%
JPM JPMorgan Chase & Co. 0.37% 7,611 $1.8M Reduce -13.6%
EFIV SS SPDR S&P 500 ESG ETF 0.35% 30,730 $1.7M Reduce -3.1%
MSFT Microsoft Corp. 0.34% 4,020 $1.7M Reduce -0.7%
VNQ Vanguard Real Estate ETF 0.34% 18,922 $1.7M Reduce -0.3%
SMMV iShares MSCI USA Small-Cap M 0.33% 39,700 $1.6M Reduce -0.2%
XOM Exxon Mobil Corp. 0.31% 14,268 $1.5M Reduce -11.0%
VWO Vanguard Ftse Emerging Marke 0.30% 33,265 $1.5M Add +1.2%
NFG National Fuel Gas Co. 0.27% 22,232 $1.3M New
QQQ Invesco QQQ Trust Series 1 0.27% 2,614 $1.3M Reduce -1.4%
AVUV Avantis US Small Cap Value 0.25% 12,668 $1.2M Add +17.2%
BNL Broadstone Net Lease Inc. 0.24% 75,554 $1.2M No change
SPSM SS SPDR P S&P 600 Small Cap 0.21% 23,332 $1.0M Add +13.6%
SCHX Schwab US Large-Cap ETF 0.21% 43,865 $1.0M Reduce -0.4%
SPMD SS SPDR P S&P 400 Midcap ETF 0.20% 17,770 $972K Add +15.0%
SPTM SS SPDR P S&P 1500 Comp ETF 0.20% 13,565 $969K Add +10.8%
SCHE Schwab Emrg Mrkts Eqty ETF 0.19% 35,819 $954K Add +0.1%
VTI VG Morningstar TS MKT ETF-US 0.19% 3,213 $931K Add +2.6%
ESGD iShares Trust iShares ESG Aw 0.19% 12,032 $916K No change
IWV iShares Russell 3000 ETF 0.19% 2,730 $913K Reduce -0.7%
VTV Vanguard Mrngstr Val ETF-Aui 0.18% 5,238 $887K Add +6.0%
XMMO Invesco S&P Midcap Momentum 0.17% 6,959 $860K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.16% 3,965 $786K Add +1.3%
EEMV iShares MSCI Emg MKT Min Vol 0.16% 13,451 $780K Reduce -0.5%
ORCL Oracle Corp. 0.15% 4,478 $746K No change
AVGO Broadcom Inc. 0.15% 3,118 $723K Add +1.2%
PM Philip Morris International 0.15% 6,001 $722K Reduce -0.1%
HD Home Depot Inc. 0.14% 1,745 $679K No change
PH Parker Hannifin Corp. 0.13% 1,032 $656K Add +2.0%
PWB Invesco Large Cap Growth ETF 0.13% 6,370 $648K No change
GOOGL Alphabet Inc. Class A 0.13% 3,387 $641K Reduce -2.2%
AMGN Amgen Inc. 0.13% 2,416 $630K Reduce -2.3%
GE General Electric filed as GE AEROSPACE 0.13% 3,717 $620K No change
VB Vanguard Most SM-Cap ETF-Usd 0.12% 2,545 $612K Add +0.2%
INTF iShares International Equity 0.12% 21,225 $610K Add +20.8%
UNH Unitedhealth Group Inc. 0.12% 1,178 $596K No change
IAU iShares Gold Trust 0.12% 12,000 $594K New
SCHB Schwab US Broad Market ETF 0.12% 25,468 $578K Reduce -0.7%
PWV Invesco Large Cap Value ETF 0.12% 10,117 $575K No change
SCHA Schwab US Small-Cap ETF 0.12% 21,930 $567K Reduce -0.2%
ACWV iShares MSCI Global Min Vol 0.11% 5,160 $563K No change
EFA iShares MSCI Eafe ETF 0.11% 7,287 $551K No change
UNP Union Pacific Corp. 0.11% 2,356 $537K Reduce -50.5%
PG The Procter & Gamble Co. 0.11% 3,161 $530K Reduce -10.3%
AVLC Avantis US LG Cap Eq ETF 0.10% 7,525 $508K No change
INTC Intel Corp. 0.10% 25,350 $508K No change
XSVM Invesco S&P Smallcap Value W 0.10% 9,281 $506K No change
TMO Thermo Fisher Scientific Inc. 0.10% 934 $486K No change
XMVM Invesco S&P Midcap Value Wit 0.10% 8,749 $485K No change
IHS Ihs Holding Ltd. 0.10% 165,347 $483K New
NEE Nextera Energy Inc. 0.09% 6,506 $466K Reduce -0.7%
VEU Vanguard Ftse All-World Ex-U 0.09% 7,851 $451K No change
MRK Merck & Co. Inc. 0.09% 4,413 $439K No change
IUSG iShares Core S&P U.S. Growth 0.09% 3,125 $435K No change
SHW The Sherwin-Williams Co. 0.08% 1,194 $406K No change
CSCO Cisco Systems Inc. 0.08% 6,835 $405K No change
WMT Walmart Inc. 0.08% 4,395 $397K Add +4.2%
IBIT iShares Bitcoin Trust ETF 0.08% 7,400 $393K No change
ABBV Abbvie Inc. 0.08% 2,152 $382K No change
KO The Coca-Cola Co. 0.08% 5,979 $372K No change
VDC Vanguard Consumer Staple ETF 0.07% 1,728 $365K Reduce -0.1%
XAR SS SPDR S&P Aerospace Def 0.07% 2,160 $358K No change
GEV GE Vernova Inc. 0.07% 1,072 $353K No change
META Meta Platforms Inc. Class A 0.07% 598 $350K No change
NOW ServiceNow Inc. 0.07% 326 $346K Add +2.5%
COST Costco Wholesale Corp. 0.07% 365 $334K Add +4.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 1,518 $334K Add +27.2%
SCHM Schwab US Mid Cap ETF 0.07% 11,795 $327K Reduce -0.2%
BND Vanguard Total Bond Market 0.07% 4,526 $325K New
XJH Ishare ESG SS S&P Midcap ETF 0.07% 7,675 $321K No change
ACIO Aptus Collared Invest Opp 0.07% 7,958 $320K New
SLYV SS SPDR S&P 600 SC Val ETF 0.06% 3,313 $289K Reduce -6.5%
CVX Chevron Corp. 0.06% 1,992 $289K No change
VYM Vanguard High DVD Yield ETF 0.06% 2,165 $276K Reduce -1.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.06% 2,242 $271K No change
SPHQ Invesco S&P 500 Quality ETF 0.05% 4,000 $268K No change
GOOG Alphabet Inc. Class C 0.05% 1,405 $268K Reduce -1.4%
VPL Vanguard Ftse Pacific ETF 0.05% 3,751 $266K No change
RDVY First Trust Rising Dividend 0.05% 4,255 $252K New
BX Blackstone Inc. 0.05% 1,455 $251K No change
FAUG FT Vest U.S. Equity Buffer E 0.05% 5,300 $247K New
XJR Ishr ESG SS S&P Smal-Cap-Usd 0.05% 5,985 $246K Reduce -2.8%
TSLA Tesla Inc. 0.05% 581 $235K New
ADP Automatic Data Processing 0.05% 801 $234K No change
MDLZ Mondelez International Inc. Class A 0.05% 3,855 $230K Reduce -1.7%
ALL Allstate Corp. 0.05% 1,161 $224K No change
AMZN Amazon.com Inc. 0.05% 1,020 $224K New
SYK Stryker Corp. 0.04% 611 $220K No change
IDEV iShares Core MSCI Dev MKTS 0.04% 3,356 $216K New
VXUS Vanguard Total Intl Stock 0.04% 3,560 $210K No change
VSS Vanguard Ftse All Wo X-US SC 0.04% 1,825 $209K No change
NVDA Nvidia Corp. 0.04% 1,530 $205K New
SPHD Invesco S&P 500 High Dividen 0.04% 4,229 $204K Reduce -0.2%
APD Air Products & Chemicals Inc. 0.04% 696 $202K Reduce -2.3%

Portfolio Sells Q3 2024 → Q4 2024
COR Cencora Inc. Sold out 0.00% −0.39
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -27.3% 0.63% −0.22
DIA SS SPDR Dow Jones Indus Avg Reduce -13.9% 1.45% −0.19
KMB Kimberly-Clark Corp. Sold out 0.00% −0.17
UNP Union Pacific Corp. Reduce -50.5% 0.11% −0.12
EMGF iShares Emerging Markets Equ Reduce -0.9% 1.20% −0.11
PFE Pfizer Inc. Sold out 0.00% −0.09
XOM Exxon Mobil Corp. Reduce -11.0% 0.31% −0.06
PPG PPG Industries Inc. Sold out 0.00% −0.05
IVV iShares Core S&P 500 ETF Reduce -5.8% 2.38% −0.05
LMT Lockheed Martin Corp. Sold out 0.00% −0.04
T AT&T Inc. Sold out 0.00% −0.04
MMM 3M Co. Sold out 0.00% −0.04
JNJ Johnson & Johnson Sold out 0.00% −0.04
USMV iShares MSCI USA Min Vol Fac Reduce -0.3% 2.96% −0.03
AMGN Amgen Inc. Reduce -2.3% 0.13% −0.03
VNQ Vanguard Real Estate ETF Reduce -0.3% 0.34% −0.03
NEE Nextera Energy Inc. Reduce -0.7% 0.09% −0.02
PG The Procter & Gamble Co. Reduce -10.3% 0.11% −0.01
BRK.B Berkshire Hathaway Inc. Class B Reduce -3.3% 0.40% −0.01
MDLZ Mondelez International Inc. Class A Reduce -1.7% 0.05% −0.01
EEMV iShares MSCI Emg MKT Min Vol Reduce -0.5% 0.16% −0.01
MOBIX LABS INC Sold out 0.00% −0.00
MSFT Microsoft Corp. Reduce -0.7% 0.34% −0.00
SLYV SS SPDR S&P 600 SC Val ETF Reduce -6.5% 0.06% −0.00
XJR Ishr ESG SS S&P Smal-Cap-Usd Reduce -2.8% 0.05% −0.00
APD Air Products & Chemicals Inc. Reduce -2.3% 0.04% −0.00
SPHD Invesco S&P 500 High Dividen Reduce -0.2% 0.04% −0.00
VDC Vanguard Consumer Staple ETF Reduce -0.1% 0.07% −0.00
VYM Vanguard High DVD Yield ETF Reduce -1.8% 0.06% −0.00
EFIV SS SPDR S&P 500 ESG ETF Reduce -3.1% 0.35% +0.00
JPM JPMorgan Chase & Co. Reduce -13.6% 0.37% +0.00
SCHM Schwab US Mid Cap ETF Reduce -0.2% 0.07% +0.00
PM Philip Morris International Reduce -0.1% 0.15% +0.00
SCHA Schwab US Small-Cap ETF Reduce -0.2% 0.12% +0.00
SCHB Schwab US Broad Market ETF Reduce -0.7% 0.12% +0.00
QVMT Invesco S&P 500 Concentrated Reduce -0.5% 1.67% +0.01
IWV iShares Russell 3000 ETF Reduce -0.7% 0.19% +0.01
GOOG Alphabet Inc. Class C Reduce -1.4% 0.05% +0.01
SCHX Schwab US Large-Cap ETF Reduce -0.4% 0.21% +0.01
SMMV iShares MSCI USA Small-Cap M Reduce -0.2% 0.33% +0.01
QQQ Invesco QQQ Trust Series 1 Reduce -1.4% 0.27% +0.01
GOOGL Alphabet Inc. Class A Reduce -2.2% 0.13% +0.02
ESGV Vanguard ESG US Stock ETF Reduce -1.3% 0.43% +0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.6% 1.29% +0.03
RZV Invesco S&P Smallcap 600 Pur Reduce -1.4% 1.57% +0.04
RPV Invesco S&P 500 Pure Value E Reduce -1.0% 6.22% +0.15

Portfolio Buys Q3 2024 → Q4 2024
MTUM iShares MSCI USA Momentum Fa Add +0.6% 8.46% +0.38
NFG National Fuel Gas Co. New 0.27% +0.27
VOO Vanguard S&P 500 ETF Add +21.4% 0.69% +0.15
IAU iShares Gold Trust New 0.12% +0.12
VFVA Vanguard U.S. Value Factor Add +0.9% 10.12% +0.10
IHS Ihs Holding Ltd. New 0.10% +0.10
AVLV Avantis US Large Cap Value Add +20.7% 0.44% +0.09
SPLV Invesco S&P 500 Low Volatili Add +2.0% 5.91% +0.09
QUAL iShares MSCI USA Quality Fac Add +0.1% 5.24% +0.07
BND Vanguard Total Bond Market New 0.07% +0.07
ACIO Aptus Collared Invest Opp New 0.07% +0.07
VV Vngrd Mrgstr LRG-Cap ETF-Usd Add +0.1% 1.43% +0.06
VFMO Vanguard US Momentum Factor Add +0.4% 1.33% +0.06
RDVY First Trust Rising Dividend New 0.05% +0.05
FAUG FT Vest U.S. Equity Buffer E New 0.05% +0.05
IJH iShares Core S&P Midcap ETF Add +2.9% 1.06% +0.05
XSMO Invesco S&P Smallcap Momentu Add +0.2% 2.34% +0.05
TSLA Tesla Inc. New 0.05% +0.05
XSLV Invesco S&P Smallcap Low Vol Add +2.4% 1.90% +0.05
AAPL Apple Inc. Add +1.5% 0.46% +0.05
AMZN Amazon.com Inc. New 0.05% +0.05
IDEV iShares Core MSCI Dev MKTS New 0.04% +0.04
VFQY Vanguard U.S. Quality Factor Add +0.3% 5.13% +0.04
AVUV Avantis US Small Cap Value Add +17.2% 0.25% +0.04
AVEM Avantis Emerging Markets Eq Add +18.4% 0.46% +0.04
NVDA Nvidia Corp. New 0.04% +0.04
AVGO Broadcom Inc. Add +1.2% 0.15% +0.04
AVDE Avantis International Equity Add +16.4% 0.42% +0.03
SPMD SS SPDR P S&P 400 Midcap ETF Add +15.0% 0.20% +0.03
SPSM SS SPDR P S&P 600 Small Cap Add +13.6% 0.21% +0.03
SPTM SS SPDR P S&P 1500 Comp ETF Add +10.8% 0.20% +0.03
VEA Vanguard Ftse Developed ETF Add +12.9% 0.57% +0.02
IJR iShares Core S&P Small-Cap E Add +3.2% 0.56% +0.02
IDLV Invesco S&P International DE Add +10.6% 0.60% +0.02
IBM Intl Business Machines Corp. Add +27.2% 0.07% +0.02
INTF iShares International Equity Add +20.8% 0.12% +0.01
NOW ServiceNow Inc. Add +2.5% 0.07% +0.01
WMT Walmart Inc. Add +4.2% 0.08% +0.01
VTI VG Morningstar TS MKT ETF-US Add +2.6% 0.19% +0.01
VTV Vanguard Mrngstr Val ETF-Aui Add +6.0% 0.18% +0.01
COST Costco Wholesale Corp. Add +4.0% 0.07% +0.01
PH Parker Hannifin Corp. Add +2.0% 0.13% +0.01
VB Vanguard Most SM-Cap ETF-Usd Add +0.2% 0.12% +0.00
VBR Vngrd Mrngst SL-CP Val ETF-U Add +1.3% 0.16% +0.00
IEMG iShares Core MSCI Emerging Add +6.4% 0.97% −0.01
SCHE Schwab Emrg Mrkts Eqty ETF Add +0.1% 0.19% −0.01
DFIV Dimensional International Va Add +3.1% 0.72% −0.02
VWO Vanguard Ftse Emerging Marke Add +1.2% 0.30% −0.02
IEFA iShares Core MSCI Eafe ETF Add +6.1% 2.00% −0.05
SCHF Schwab Intl Equity ETF Add +0.4% 1.01% −0.09

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