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

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 Q4 2024 Q1 2025: $501.4M $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 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
CSCO Cisco Systems Inc. 0.07% 5,770 $356K Reduce -15.6%
META Meta Platforms Inc. Class A 0.07% 603 $348K Add +0.8%
XAR SS SPDR S&P Aerospace Def 0.07% 2,160 $347K No change
IBIT iShares Bitcoin Trust ETF 0.07% 7,400 $346K No change
CVX Chevron Corp. 0.07% 1,967 $329K Reduce -1.3%
COST Costco Wholesale Corp. 0.06% 331 $313K Reduce -9.3%
SCHM Schwab US Mid Cap ETF 0.06% 11,795 $309K No change
XJH Ishare ESG SS S&P Midcap ETF 0.06% 7,675 $300K No change
VYM Vanguard High DVD Yield ETF 0.06% 2,165 $279K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.05% 2,242 $273K No change
AMZN Amazon.com Inc. 0.05% 1,427 $272K Add +39.9%
SPHQ Invesco S&P 500 Quality ETF 0.05% 4,000 $265K No change
MDLZ Mondelez International Inc. Class A 0.05% 3,855 $262K No change
NOW ServiceNow Inc. 0.05% 326 $260K No change
SLYV SS SPDR S&P 600 SC Val ETF 0.05% 3,256 $255K Reduce -1.7%
NVDA Nvidia Corp. 0.05% 2,355 $255K Add +53.9%
ADP Automatic Data Processing 0.05% 801 $245K No change
FAUG FT Vest U.S. Equity Buffer E 0.05% 5,300 $241K No change
ALL Allstate Corp. 0.05% 1,161 $240K No change
XJR Ishr ESG SS S&P Smal-Cap-Usd 0.04% 5,985 $225K No change
SYK Stryker Corp. 0.04% 600 $223K Reduce -1.8%
VXUS Vanguard Total Intl Stock 0.04% 3,560 $221K No change
MMM 3M Co. 0.04% 1,500 $220K New
SPHD Invesco S&P 500 High Dividen 0.04% 4,234 $213K Add +0.1%
RDVY First Trust Rising Dividend 0.04% 3,625 $212K Reduce -14.8%
GOOG Alphabet Inc. Class C 0.04% 1,340 $209K Reduce -4.6%
APD Air Products & Chemicals Inc. 0.04% 696 $205K No change
BX Blackstone Inc. 0.04% 1,455 $203K 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

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