Armbruster Capital Management, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 16, 2025), Armbruster Capital Management, Inc. reported 128 stock positions worth $501.4 million. Its top holding was Vanguard U.S. Value Factor (VFVA) at 9.6% of the portfolio, followed by iShares MSCI USA Momentum Fa (MTUM, 8.3%) and Invesco S&P 500 Low Volatili (SPLV, 6.5%). Compared with Q4 2024, it opened 3 new positions, sold out of 7, added to 42 and reduced 46. The biggest buy was Invesco S&P 500 Low Volatili (SPLV, shares +5%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- PITTSFORD, NY
- CIK
- 0001664847
- Portfolio Value
- $501.4M (Q1 2025)
- SEC Filing
- 0001140361-25-014206 ↗ filed Apr 16, 2025
Holdings Value
Holdings 128 stocks · $501.4M
| VFVA Vanguard U.S. Value Factor | 9.64% | 423,961 | $48.3M | Add +0.8% |
| MTUM iShares MSCI USA Momentum Fa | 8.29% | 205,768 | $41.6M | Add +2.2% |
| SPLV Invesco S&P 500 Low Volatili | 6.48% | 435,088 | $32.5M | Add +4.7% |
| RPV Invesco S&P 500 Pure Value E | 6.25% | 339,461 | $31.3M | Add +0.1% |
| QUAL iShares MSCI USA Quality Fac | 5.07% | 148,865 | $25.4M | Add +2.7% |
| VFQY Vanguard U.S. Quality Factor | 4.93% | 185,121 | $24.7M | Add +3.2% |
| IVLU iShares MSCI International V | 4.16% | 688,233 | $20.9M | Add +1.7% |
| IMTM iShares MSCI Intl Momentum F | 3.47% | 435,527 | $17.4M | Add +2.5% |
| IQLT iShares MSCI International Q | 3.46% | 437,069 | $17.3M | Add +2.5% |
| EFAV iShares MSCI Eafe Min Vol Fa | 3.15% | 202,647 | $15.8M | Add +2.6% |
| USMV iShares MSCI USA Min Vol Fac | 3.05% | 163,116 | $15.3M | Reduce -0.7% |
| AVES Avantis Emerging Markets Val | 3.02% | 320,566 | $15.1M | Add +3.0% |
| XSMO Invesco S&P Smallcap Momentu | 2.30% | 183,401 | $11.5M | Add +5.4% |
| IEFA iShares Core MSCI Eafe ETF | 2.21% | 146,528 | $11.1M | Add +4.5% |
| IVV iShares Core S&P 500 ETF | 2.07% | 18,468 | $10.4M | Reduce -7.3% |
| XSLV Invesco S&P Smallcap Low Vol | 1.94% | 210,684 | $9.7M | Add +6.5% |
| QVMT Invesco S&P 500 Concentrated | 1.70% | 164,643 | $8.5M | Reduce -1.5% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 1.40% | 16,723 | $7.0M | No change |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 1.35% | 26,327 | $6.8M | Add +1.1% |
| RZV Invesco S&P Smallcap 600 Pur | 1.33% | 67,621 | $6.7M | Reduce -2.8% |
| VFMO Vanguard US Momentum Factor | 1.24% | 40,893 | $6.2M | Add +2.9% |
| EMGF iShares Emerging Markets Equ | 1.23% | 131,644 | $6.2M | Add +1.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.20% | 10,764 | $6.0M | Reduce -0.8% |
| SCHF Schwab Intl Equity ETF | 1.04% | 264,266 | $5.2M | Reduce -1.3% |
| IEMG iShares Core MSCI Emerging | 0.99% | 92,225 | $5.0M | Add +1.3% |
| IJH iShares Core S&P Midcap ETF | 0.98% | 84,104 | $4.9M | Add +0.5% |
| DFIV Dimensional International Va | 0.77% | 97,520 | $3.8M | Reduce -2.5% |
| VOO Vanguard S&P 500 ETF | 0.74% | 7,194 | $3.7M | Add +13.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.64% | 12,427 | $3.2M | Add +6.0% |
| IDLV Invesco S&P International DE | 0.64% | 105,925 | $3.2M | Reduce -0.3% |
| VEA Vanguard Ftse Developed ETF | 0.59% | 58,030 | $2.9M | Reduce -1.3% |
| PAYX Paychex Inc. | 0.58% | 18,987 | $2.9M | Reduce -4.2% |
| AVEM Avantis Emerging Markets Eq | 0.56% | 46,740 | $2.8M | Add +20.2% |
| AVDE Avantis International Equity | 0.54% | 41,182 | $2.7M | Add +23.3% |
| IJR iShares Core S&P Small-Cap E | 0.48% | 23,100 | $2.4M | Reduce -3.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.46% | 4,329 | $2.3M | Reduce -1.0% |
| AVLV Avantis US Large Cap Value | 0.45% | 34,310 | $2.2M | Add +4.8% |
| AAPL Apple Inc. | 0.40% | 9,107 | $2.0M | Add +1.2% |
| ESGV Vanguard ESG US Stock ETF | 0.40% | 20,440 | $2.0M | Add +0.3% |
| JPM JPMorgan Chase & Co. | 0.35% | 7,178 | $1.8M | Reduce -5.7% |
| EFIV SS SPDR S&P 500 ESG ETF | 0.34% | 31,804 | $1.7M | Add +3.5% |
| SMMV iShares MSCI USA Small-Cap M | 0.33% | 40,275 | $1.7M | Add +1.4% |
| VWO Vanguard Ftse Emerging Marke | 0.30% | 33,265 | $1.5M | No change |
| MSFT Microsoft Corp. | 0.30% | 3,974 | $1.5M | Reduce -1.1% |
| BNL Broadstone Net Lease Inc. | 0.26% | 75,554 | $1.3M | No change |
| XOM Exxon Mobil Corp. | 0.26% | 10,822 | $1.3M | Reduce -24.1% |
| SCHX Schwab US Large-Cap ETF | 0.25% | 55,820 | $1.2M | Add +27.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.24% | 2,606 | $1.2M | Reduce -0.3% |
| NFG National Fuel Gas Co. | 0.23% | 14,732 | $1.2M | Reduce -33.7% |
| ESGD iShares Trust iShares ESG Aw | 0.20% | 12,407 | $1.0M | Add +3.1% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.20% | 35,825 | $988K | Add +0.0% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.19% | 18,750 | $960K | Add +5.5% |
| AVUV Avantis US Small Cap Value | 0.19% | 10,985 | $958K | Reduce -13.3% |
| PM Philip Morris International | 0.19% | 5,981 | $949K | Reduce -0.3% |
| VNQ Vanguard Real Estate ETF | 0.19% | 10,447 | $946K | Reduce -44.8% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.19% | 23,097 | $941K | Reduce -1.0% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.18% | 13,628 | $927K | Add +0.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.18% | 5,238 | $905K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.18% | 3,224 | $886K | Add +0.3% |
| IHS Ihs Holding Ltd. | 0.17% | 165,347 | $863K | No change |
| VB Vanguard Most SM-Cap ETF-Usd | 0.16% | 3,681 | $816K | Add +44.6% |
| XMMO Invesco S&P Midcap Momentum | 0.16% | 6,959 | $792K | No change |
| AVLC Avantis US LG Cap Eq ETF | 0.15% | 12,075 | $775K | Add +60.5% |
| EEMV iShares MSCI Emg MKT Min Vol | 0.15% | 13,150 | $767K | Reduce -2.2% |
| AMGN Amgen Inc. | 0.15% | 2,341 | $729K | Reduce -3.1% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.15% | 3,911 | $729K | Reduce -1.4% |
| INTF iShares International Equity | 0.14% | 23,575 | $727K | Add +11.1% |
| IAU iShares Gold Trust | 0.14% | 12,000 | $708K | No change |
| PH Parker Hannifin Corp. | 0.13% | 1,032 | $627K | No change |
| HD Home Depot Inc. | 0.12% | 1,699 | $623K | Reduce -2.6% |
| ORCL Oracle Corp. | 0.12% | 4,427 | $619K | Reduce -1.1% |
| UNH Unitedhealth Group Inc. | 0.12% | 1,175 | $615K | Reduce -0.3% |
| PWB Invesco Large Cap Growth ETF | 0.12% | 6,370 | $612K | No change |
| PWV Invesco Large Cap Value ETF | 0.12% | 10,117 | $602K | No change |
| ACWV iShares MSCI Global Min Vol | 0.12% | 5,160 | $600K | No change |
| EFA iShares MSCI Eafe ETF | 0.12% | 7,187 | $587K | Reduce -1.4% |
| AVGO Broadcom Inc. | 0.11% | 3,338 | $559K | Add +7.1% |
| UNP Union Pacific Corp. | 0.11% | 2,341 | $553K | Reduce -0.6% |
| SCHB Schwab US Broad Market ETF | 0.11% | 24,592 | $529K | Reduce -3.4% |
| INTC Intel Corp. | 0.11% | 23,300 | $529K | Reduce -8.1% |
| IWV iShares Russell 3000 ETF | 0.11% | 1,665 | $529K | Reduce -39.0% |
| PG The Procter & Gamble Co. | 0.11% | 3,091 | $527K | Reduce -2.2% |
| SCHA Schwab US Small-Cap ETF | 0.10% | 21,930 | $514K | No change |
| BSV Vanguard Short-Term Bond ETF | 0.10% | 6,417 | $502K | New |
| GOOGL Alphabet Inc. Class A | 0.10% | 3,140 | $486K | Reduce -7.3% |
| VEU Vanguard Ftse All-World Ex-U | 0.10% | 7,851 | $476K | No change |
| XMVM Invesco S&P Midcap Value Wit | 0.09% | 8,749 | $461K | No change |
| TMO Thermo Fisher Scientific Inc. | 0.09% | 926 | $461K | Reduce -0.9% |
| XSVM Invesco S&P Smallcap Value W | 0.09% | 9,094 | $457K | Reduce -2.0% |
| ABBV Abbvie Inc. | 0.09% | 2,152 | $451K | No change |
| GE General Electric filed as GE AEROSPACE | 0.09% | 2,203 | $441K | Reduce -40.7% |
| NEE Nextera Energy Inc. | 0.09% | 6,199 | $439K | Reduce -4.7% |
| KO The Coca-Cola Co. | 0.09% | 5,979 | $428K | No change |
| AVSC Avantis US Small Cap Equity | 0.08% | 8,760 | $424K | New |
| SHW The Sherwin-Williams Co. | 0.08% | 1,194 | $417K | No change |
| IUSG iShares Core S&P U.S. Growth | 0.08% | 3,125 | $397K | No change |
| WMT Walmart Inc. | 0.08% | 4,395 | $386K | No change |
| MRK Merck & Co. Inc. | 0.08% | 4,292 | $385K | Reduce -2.7% |
| VDC Vanguard Consumer Staple ETF | 0.08% | 1,728 | $378K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.08% | 1,518 | $377K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| IVV iShares Core S&P 500 ETF | Reduce -7.3% | 2.07% | −0.31 |
| RZV Invesco S&P Smallcap 600 Pur | Reduce -2.8% | 1.33% | −0.24 |
| VNQ Vanguard Real Estate ETF | Reduce -44.8% | 0.19% | −0.15 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.8% | 1.20% | −0.09 |
| IWV iShares Russell 3000 ETF | Reduce -39.0% | 0.11% | −0.08 |
| IJR iShares Core S&P Small-Cap E | Reduce -3.2% | 0.48% | −0.08 |
| GEV GE Vernova Inc. | Sold out | 0.00% | −0.07 |
| BND Vanguard Total Bond Market | Sold out | 0.00% | −0.07 |
| ACIO Aptus Collared Invest Opp | Sold out | 0.00% | −0.07 |
| AVUV Avantis US Small Cap Value | Reduce -13.3% | 0.19% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -24.1% | 0.26% | −0.06 |
| VPL Vanguard Ftse Pacific ETF | Sold out | 0.00% | −0.05 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.05 |
| MSFT Microsoft Corp. | Reduce -1.1% | 0.30% | −0.05 |
| IDEV iShares Core MSCI Dev MKTS | Sold out | 0.00% | −0.04 |
| VSS Vanguard Ftse All Wo X-US SC | Sold out | 0.00% | −0.04 |
| NFG National Fuel Gas Co. | Reduce -33.7% | 0.23% | −0.04 |
| GE General Electric | Reduce -40.7% | 0.09% | −0.04 |
| GOOGL Alphabet Inc. Class A | Reduce -7.3% | 0.10% | −0.03 |
| ORCL Oracle Corp. | Reduce -1.1% | 0.12% | −0.03 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.3% | 0.24% | −0.03 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -1.0% | 0.19% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -5.7% | 0.35% | −0.02 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -1.4% | 0.15% | −0.01 |
| HD Home Depot Inc. | Reduce -2.6% | 0.12% | −0.01 |
| GOOG Alphabet Inc. Class C | Reduce -4.6% | 0.04% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -2.7% | 0.08% | −0.01 |
| SCHB Schwab US Broad Market ETF | Reduce -3.4% | 0.11% | −0.01 |
| XSVM Invesco S&P Smallcap Value W | Reduce -2.0% | 0.09% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -15.6% | 0.07% | −0.01 |
| RDVY First Trust Rising Dividend | Reduce -14.8% | 0.04% | −0.01 |
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -1.7% | 0.05% | −0.01 |
| NEE Nextera Energy Inc. | Reduce -4.7% | 0.09% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.9% | 0.09% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -9.3% | 0.06% | −0.01 |
| EEMV iShares MSCI Emg MKT Min Vol | Reduce -2.2% | 0.15% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -2.2% | 0.11% | −0.00 |
| SYK Stryker Corp. | Reduce -1.8% | 0.04% | −0.00 |
| UNP Union Pacific Corp. | Reduce -0.6% | 0.11% | +0.00 |
| UNH Unitedhealth Group Inc. | Reduce -0.3% | 0.12% | +0.00 |
| INTC Intel Corp. | Reduce -8.1% | 0.11% | +0.00 |
| EFA iShares MSCI Eafe ETF | Reduce -1.4% | 0.12% | +0.01 |
| CVX Chevron Corp. | Reduce -1.3% | 0.07% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Reduce -1.3% | 0.59% | +0.02 |
| AMGN Amgen Inc. | Reduce -3.1% | 0.15% | +0.02 |
| PAYX Paychex Inc. | Reduce -4.2% | 0.58% | +0.02 |
| QVMT Invesco S&P 500 Concentrated | Reduce -1.5% | 1.70% | +0.03 |
| SCHF Schwab Intl Equity ETF | Reduce -1.3% | 1.04% | +0.04 |
| IDLV Invesco S&P International DE | Reduce -0.3% | 0.64% | +0.04 |
| PM Philip Morris International | Reduce -0.3% | 0.19% | +0.04 |
Portfolio Buys Q4 2024 → Q1 2025
| SPLV Invesco S&P 500 Low Volatili | Add +4.7% | 6.48% | +0.57 |
| IVLU iShares MSCI International V | Add +1.7% | 4.16% | +0.43 |
| EFAV iShares MSCI Eafe Min Vol Fa | Add +2.6% | 3.15% | +0.31 |
| IQLT iShares MSCI International Q | Add +2.5% | 3.46% | +0.24 |
| IMTM iShares MSCI Intl Momentum F | Add +2.5% | 3.47% | +0.24 |
| IEFA iShares Core MSCI Eafe ETF | Add +4.5% | 2.21% | +0.21 |
| AVDE Avantis International Equity | Add +23.3% | 0.54% | +0.13 |
| BSV Vanguard Short-Term Bond ETF | New | 0.10% | +0.10 |
| AVEM Avantis Emerging Markets Eq | Add +20.2% | 0.56% | +0.10 |
| AVES Avantis Emerging Markets Val | Add +3.0% | 3.02% | +0.09 |
| AVSC Avantis US Small Cap Equity | New | 0.08% | +0.08 |
| AVLC Avantis US LG Cap Eq ETF | Add +60.5% | 0.15% | +0.05 |
| VOO Vanguard S&P 500 ETF | Add +13.7% | 0.74% | +0.04 |
| MMM 3M Co. | New | 0.04% | +0.04 |
| XSLV Invesco S&P Smallcap Low Vol | Add +6.5% | 1.94% | +0.04 |
| SCHX Schwab US Large-Cap ETF | Add +27.3% | 0.25% | +0.04 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +44.6% | 0.16% | +0.04 |
| RPV Invesco S&P 500 Pure Value E | Add +0.1% | 6.25% | +0.04 |
| EMGF iShares Emerging Markets Equ | Add +1.0% | 1.23% | +0.03 |
| IEMG iShares Core MSCI Emerging | Add +1.3% | 0.99% | +0.03 |
| INTF iShares International Equity | Add +11.1% | 0.14% | +0.02 |
| ESGD iShares Trust iShares ESG Aw | Add +3.1% | 0.20% | +0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +6.0% | 0.64% | +0.01 |
| NVDA Nvidia Corp. | Add +53.9% | 0.05% | +0.01 |
| AMZN Amazon.com Inc. | Add +39.9% | 0.05% | +0.01 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +0.0% | 0.20% | +0.00 |
| AVLV Avantis US Large Cap Value | Add +4.8% | 0.45% | +0.00 |
| SPHD Invesco S&P 500 High Dividen | Add +0.1% | 0.04% | +0.00 |
| SMMV iShares MSCI USA Small-Cap M | Add +1.4% | 0.33% | −0.00 |
| META Meta Platforms Inc. Class A | Add +0.8% | 0.07% | −0.00 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +5.5% | 0.19% | −0.01 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +0.5% | 0.18% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.3% | 0.18% | −0.01 |
| EFIV SS SPDR S&P 500 ESG ETF | Add +3.5% | 0.34% | −0.01 |
| ESGV Vanguard ESG US Stock ETF | Add +0.3% | 0.40% | −0.03 |
| AVGO Broadcom Inc. | Add +7.1% | 0.11% | −0.04 |
| XSMO Invesco S&P Smallcap Momentu | Add +5.4% | 2.30% | −0.04 |
| AAPL Apple Inc. | Add +1.2% | 0.40% | −0.05 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +1.1% | 1.35% | −0.08 |
| IJH iShares Core S&P Midcap ETF | Add +0.5% | 0.98% | −0.08 |
| VFMO Vanguard US Momentum Factor | Add +2.9% | 1.24% | −0.09 |
| QUAL iShares MSCI USA Quality Fac | Add +2.7% | 5.07% | −0.17 |
| MTUM iShares MSCI USA Momentum Fa | Add +2.2% | 8.29% | −0.17 |
| VFQY Vanguard U.S. Quality Factor | Add +3.2% | 4.93% | −0.20 |
| VFVA Vanguard U.S. Value Factor | Add +0.8% | 9.64% | −0.48 |
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 |