Armbruster Capital Management, Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 23, 2025), Armbruster Capital Management, Inc. reported 128 stock positions worth $552.1 million. Its top holding was Vanguard U.S. Value Factor (VFVA) at 9.1% of the portfolio, followed by iShares MSCI USA Momentum Fa (MTUM, 9.1%) and Invesco S&P 500 Low Volatili (SPLV, 6.1%). Compared with Q1 2025, it opened 5 new positions, sold out of 5, added to 62 and reduced 27. The biggest buy was iShares MSCI USA Momentum Fa (MTUM, shares +1%) and the biggest sale Vanguard U.S. Value Factor (VFVA, shares −0%).

Most Recent 13F
Q2 2026
Location
PITTSFORD, NY
CIK
0001664847
Portfolio Value
$552.1M (Q2 2025)
SEC Filing
0001140361-25-026976 ↗ filed Jul 23, 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 Q1 2025 Q2 2025: $552.1M $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 · $552.1M
VFVA Vanguard U.S. Value Factor 9.07% 423,491 $50.1M Reduce -0.1%
MTUM iShares MSCI USA Momentum Fa 9.06% 208,216 $50.0M Add +1.2%
SPLV Invesco S&P 500 Low Volatili 6.05% 458,863 $33.4M Add +5.5%
RPV Invesco S&P 500 Pure Value E 6.03% 354,834 $33.3M Add +4.5%
QUAL iShares MSCI USA Quality Fac 5.30% 160,130 $29.3M Add +7.6%
VFQY Vanguard U.S. Quality Factor 4.80% 184,463 $26.5M Reduce -0.4%
IVLU iShares MSCI International V 4.17% 700,825 $23.1M Add +1.8%
IMTM iShares MSCI Intl Momentum F 3.73% 450,342 $20.6M Add +3.4%
IQLT iShares MSCI International Q 3.56% 455,373 $19.7M Add +4.2%
AVES Avantis Emerging Markets Val 3.29% 339,604 $18.2M Add +5.9%
EFAV iShares MSCI Eafe Min Vol Fa 3.22% 211,320 $17.8M Add +4.3%
USMV iShares MSCI USA Min Vol Fac 2.84% 167,091 $15.7M Add +2.4%
XSMO Invesco S&P Smallcap Momentu 2.34% 190,028 $12.9M Add +3.6%
IEFA iShares Core MSCI Eafe ETF 2.27% 150,396 $12.6M Add +2.6%
XSLV Invesco S&P Smallcap Low Vol 1.84% 223,270 $10.2M Add +6.0%
IVV iShares Core S&P 500 ETF 1.68% 14,935 $9.3M Reduce -19.1%
QVMT Invesco S&P 500 Concentrated 1.60% 170,203 $8.9M Add +3.4%
VFMO Vanguard US Momentum Factor 1.51% 48,448 $8.4M Add +18.5%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 1.36% 26,327 $7.5M No change
RZV Invesco S&P Smallcap 600 Pur 1.30% 68,589 $7.2M Add +1.4%
EMGF iShares Emerging Markets Equ 1.26% 133,893 $7.0M Add +1.7%
SPY SS SPDR S&P 500 ETF Trust-US 1.18% 10,550 $6.5M Reduce -2.0%
SCHF Schwab Intl Equity ETF 1.04% 260,769 $5.8M Reduce -1.3%
IEMG iShares Core MSCI Emerging 1.01% 92,737 $5.6M Add +0.6%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.99% 12,448 $5.5M Reduce -25.6%
IJH iShares Core S&P Midcap ETF 0.95% 84,879 $5.3M Add +0.9%
DFIV Dimensional International Va 0.78% 100,645 $4.3M Add +3.2%
VOO Vanguard S&P 500 ETF 0.76% 7,373 $4.2M Add +2.5%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.71% 14,008 $3.9M Add +12.7%
IDLV Invesco S&P International DE 0.66% 109,350 $3.6M Add +3.2%
VEA Vanguard Ftse Developed ETF 0.64% 62,457 $3.6M Add +7.6%
AVEM Avantis Emerging Markets Eq 0.62% 49,589 $3.4M Add +6.1%
SCHX Schwab US Large-Cap ETF 0.60% 134,920 $3.3M Add +141.7%
AVDE Avantis International Equity 0.57% 42,852 $3.2M Add +4.1%
PAYX Paychex Inc. 0.50% 18,956 $2.8M Reduce -0.2%
IJR iShares Core S&P Small-Cap E 0.46% 23,100 $2.5M No change
AVLV Avantis US Large Cap Value 0.45% 36,660 $2.5M Add +6.8%
ESGV Vanguard ESG US Stock ETF 0.43% 21,489 $2.4M Add +5.1%
JPM JPMorgan Chase & Co. 0.39% 7,333 $2.1M Add +2.2%
BRK.B Berkshire Hathaway Inc. Class B 0.38% 4,329 $2.1M No change
SMMV iShares MSCI USA Small-Cap M 0.36% 47,350 $2.0M Add +17.6%
MSFT Microsoft Corp. 0.35% 3,924 $2.0M Reduce -1.3%
EFIV SS SPDR S&P 500 ESG ETF 0.34% 32,104 $1.9M Add +0.9%
AAPL Apple Inc. 0.33% 8,960 $1.8M Reduce -1.6%
VWO Vanguard Ftse Emerging Marke 0.32% 35,740 $1.8M Add +7.4%
AVUV Avantis US Small Cap Value 0.29% 17,622 $1.6M Add +60.4%
AVLC Avantis US LG Cap Eq ETF 0.27% 21,000 $1.5M Add +73.9%
QQQ Invesco QQQ Trust Series 1 0.26% 2,606 $1.4M No change
BNL Broadstone Net Lease Inc. 0.25% 85,554 $1.4M Add +13.2%
SPSM SS SPDR P S&P 600 Small Cap 0.21% 27,462 $1.2M Add +18.9%
XOM Exxon Mobil Corp. 0.21% 10,851 $1.2M Add +0.3%
INTF iShares International Equity 0.20% 32,775 $1.1M Add +39.0%
SPTM SS SPDR P S&P 1500 Comp ETF 0.20% 14,791 $1.1M Add +8.5%
PM Philip Morris International 0.20% 6,027 $1.1M Add +0.8%
SCHE Schwab Emrg Mrkts Eqty ETF 0.19% 35,285 $1.1M Reduce -1.5%
ESGD iShares Trust iShares ESG Aw 0.19% 11,908 $1.1M Reduce -4.0%
VB Vanguard Most SM-Cap ETF-Usd 0.18% 4,239 $1.0M Add +15.2%
ORCL Oracle Corp. 0.18% 4,436 $970K Add +0.2%
VNQ Vanguard Real Estate ETF 0.17% 10,472 $933K Add +0.2%
VTI VG Morningstar TS MKT ETF-US 0.17% 3,067 $932K Reduce -4.9%
VTV Vanguard Mrngstr Val ETF-Aui 0.17% 5,238 $926K No change
AVGO Broadcom Inc. 0.17% 3,345 $922K Add +0.2%
IHS Ihs Holding Ltd. 0.17% 165,347 $919K No change
XMMO Invesco S&P Midcap Momentum 0.16% 6,959 $895K No change
SPMD SS SPDR P S&P 400 Midcap ETF 0.16% 16,454 $895K Reduce -12.3%
EEMV iShares MSCI Emg MKT Min Vol 0.15% 13,181 $828K Add +0.2%
PH Parker Hannifin Corp. 0.15% 1,159 $810K Add +12.3%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.14% 3,911 $763K No change
IAU iShares Gold Trust 0.14% 12,000 $748K No change
PWB Invesco Large Cap Growth ETF 0.14% 6,370 $748K No change
AMGN Amgen Inc. 0.12% 2,341 $654K No change
EFA iShares MSCI Eafe ETF 0.12% 7,182 $642K Reduce -0.1%
IWV iShares Russell 3000 ETF 0.11% 1,801 $632K Add +8.2%
PWV Invesco Large Cap Value ETF 0.11% 10,117 $629K No change
HD Home Depot Inc. 0.11% 1,701 $624K Add +0.1%
ACWV iShares MSCI Global Min Vol 0.11% 5,160 $612K No change
GE General Electric filed as GE AEROSPACE 0.10% 2,203 $567K No change
SCHA Schwab US Small-Cap ETF 0.10% 21,930 $555K No change
UNP Union Pacific Corp. 0.10% 2,341 $539K No change
INTC Intel Corp. 0.09% 23,300 $522K No change
VEU Vanguard Ftse All-World Ex-U 0.09% 7,651 $514K Reduce -2.5%
GOOGL Alphabet Inc. Class A 0.09% 2,856 $503K Reduce -9.0%
PG The Procter & Gamble Co. 0.09% 3,115 $496K Add +0.8%
BSV Vanguard Short-Term Bond ETF 0.09% 6,287 $495K Reduce -2.0%
SCHB Schwab US Broad Market ETF 0.09% 20,690 $493K Reduce -15.9%
XMVM Invesco S&P Midcap Value Wit 0.09% 8,749 $487K No change
XSVM Invesco S&P Smallcap Value W 0.09% 9,094 $473K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.08% 1,551 $457K Add +2.2%
XAR SS SPDR S&P Aerospace Def 0.08% 2,160 $456K No change
META Meta Platforms Inc. Class A 0.08% 615 $454K Add +2.0%
IBIT iShares Bitcoin Trust ETF 0.08% 7,400 $453K No change
IUSG iShares Core S&P U.S. Growth 0.08% 2,928 $440K Reduce -6.3%
KO The Coca-Cola Co. 0.08% 6,158 $436K Add +3.0%
WMT Walmart Inc. 0.08% 4,425 $433K Add +0.7%
SHW The Sherwin-Williams Co. 0.07% 1,194 $410K No change
NFG National Fuel Gas Co. 0.07% 4,732 $401K Reduce -67.9%
CSCO Cisco Systems Inc. 0.07% 5,770 $400K No change
ABBV Abbvie Inc. 0.07% 2,152 $399K No change
VSS Vanguard Ftse All Wo X-US SC 0.07% 2,949 $396K New
VDC Vanguard Consumer Staple ETF 0.07% 1,728 $378K No change
TMO Thermo Fisher Scientific Inc. 0.07% 928 $376K Add +0.2%
NEE Nextera Energy Inc. 0.07% 5,347 $371K Reduce -13.7%
NVDA Nvidia Corp. 0.07% 2,345 $370K Reduce -0.4%
UNH Unitedhealth Group Inc. 0.07% 1,175 $367K No change
MRK Merck & Co. Inc. 0.06% 4,398 $348K Add +2.5%
XJH Ishare ESG SS S&P Midcap ETF 0.06% 8,175 $339K Add +6.5%
NOW ServiceNow Inc. 0.06% 326 $335K No change
SCHM Schwab US Mid Cap ETF 0.06% 11,920 $334K Add +1.1%
COST Costco Wholesale Corp. 0.06% 324 $321K Reduce -2.1%
AMZN Amazon.com Inc. 0.06% 1,458 $320K Add +2.2%
GEV GE Vernova Inc. 0.05% 549 $291K New
VYM Vanguard High DVD Yield ETF 0.05% 2,165 $289K No change
SPHQ Invesco S&P 500 Quality ETF 0.05% 4,000 $285K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.05% 2,254 $278K Add +0.5%
CVX Chevron Corp. 0.05% 1,913 $274K Reduce -2.8%
XJR Ishr ESG SS S&P Smal-Cap-Usd 0.05% 6,694 $265K Add +11.8%
AVSC Avantis US Small Cap Equity 0.05% 5,125 $264K Reduce -41.5%
SLYV SS SPDR S&P 600 SC Val ETF 0.05% 3,256 $260K No change
MDLZ Mondelez International Inc. Class A 0.05% 3,690 $249K Reduce -4.3%
ADP Automatic Data Processing 0.04% 801 $247K No change
VXUS Vanguard Total Intl Stock 0.04% 3,560 $246K No change
SYK Stryker Corp. 0.04% 600 $237K No change
ALL Allstate Corp. 0.04% 1,171 $236K Add +0.9%
MMM 3M Co. 0.04% 1,500 $228K No change
SPDW Ste STR SPDR PT DW Eu ETF 0.04% 5,595 $227K New
GS Goldman Sachs Group Inc. 0.04% 304 $215K New
DOCT FT Vest U.S. Equity Deep Buf 0.04% 5,000 $205K New
GOOG Alphabet Inc. Class C 0.04% 1,155 $205K Reduce -13.8%

Portfolio Sells Q1 2025 → Q2 2025
VFVA Vanguard U.S. Value Factor Reduce -0.1% 9.07% −0.57
DIA SS SPDR Dow Jones Indus Avg Reduce -25.6% 0.99% −0.41
IVV iShares Core S&P 500 ETF Reduce -19.1% 1.68% −0.39
NFG National Fuel Gas Co. Reduce -67.9% 0.07% −0.16
VFQY Vanguard U.S. Quality Factor Reduce -0.4% 4.80% −0.13
PAYX Paychex Inc. Reduce -0.2% 0.50% −0.08
AAPL Apple Inc. Reduce -1.6% 0.33% −0.07
FAUG FT Vest U.S. Equity Buffer E Sold out 0.00% −0.05
SPHD Invesco S&P 500 High Dividen Sold out 0.00% −0.04
RDVY First Trust Rising Dividend Sold out 0.00% −0.04
APD Air Products & Chemicals Inc. Sold out 0.00% −0.04
BX Blackstone Inc. Sold out 0.00% −0.04
AVSC Avantis US Small Cap Equity Reduce -41.5% 0.05% −0.04
SPMD SS SPDR P S&P 400 Midcap ETF Reduce -12.3% 0.16% −0.03
NEE Nextera Energy Inc. Reduce -13.7% 0.07% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -2.0% 1.18% −0.02
SCHB Schwab US Broad Market ETF Reduce -15.9% 0.09% −0.02
CVX Chevron Corp. Reduce -2.8% 0.05% −0.02
BSV Vanguard Short-Term Bond ETF Reduce -2.0% 0.09% −0.01
ESGD iShares Trust iShares ESG Aw Reduce -4.0% 0.19% −0.01
VTI VG Morningstar TS MKT ETF-US Reduce -4.9% 0.17% −0.01
MDLZ Mondelez International Inc. Class A Reduce -4.3% 0.05% −0.01
GOOGL Alphabet Inc. Class A Reduce -9.0% 0.09% −0.01
GOOG Alphabet Inc. Class C Reduce -13.8% 0.04% −0.00
SCHE Schwab Emrg Mrkts Eqty ETF Reduce -1.5% 0.19% −0.00
COST Costco Wholesale Corp. Reduce -2.1% 0.06% −0.00
VEU Vanguard Ftse All-World Ex-U Reduce -2.5% 0.09% −0.00
EFA iShares MSCI Eafe ETF Reduce -0.1% 0.12% −0.00
IUSG iShares Core S&P U.S. Growth Reduce -6.3% 0.08% +0.00
SCHF Schwab Intl Equity ETF Reduce -1.3% 1.04% +0.00
NVDA Nvidia Corp. Reduce -0.4% 0.07% +0.02
MSFT Microsoft Corp. Reduce -1.3% 0.35% +0.06

Portfolio Buys Q1 2025 → Q2 2025
MTUM iShares MSCI USA Momentum Fa Add +1.2% 9.06% +0.77
SCHX Schwab US Large-Cap ETF Add +141.7% 0.60% +0.35
AVES Avantis Emerging Markets Val Add +5.9% 3.29% +0.28
VFMO Vanguard US Momentum Factor Add +18.5% 1.51% +0.28
IMTM iShares MSCI Intl Momentum F Add +3.4% 3.73% +0.26
QUAL iShares MSCI USA Quality Fac Add +7.6% 5.30% +0.23
AVLC Avantis US LG Cap Eq ETF Add +73.9% 0.27% +0.12
IQLT iShares MSCI International Q Add +4.2% 3.56% +0.10
AVUV Avantis US Small Cap Value Add +60.4% 0.29% +0.10
VSS Vanguard Ftse All Wo X-US SC New 0.07% +0.07
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +12.7% 0.71% +0.07
EFAV iShares MSCI Eafe Min Vol Fa Add +4.3% 3.22% +0.07
IEFA iShares Core MSCI Eafe ETF Add +2.6% 2.27% +0.06
INTF iShares International Equity Add +39.0% 0.20% +0.06
VEA Vanguard Ftse Developed ETF Add +7.6% 0.64% +0.06
AVGO Broadcom Inc. Add +0.2% 0.17% +0.06
AVEM Avantis Emerging Markets Eq Add +6.1% 0.62% +0.05
GEV GE Vernova Inc. New 0.05% +0.05
ORCL Oracle Corp. Add +0.2% 0.18% +0.05
XSMO Invesco S&P Smallcap Momentu Add +3.6% 2.34% +0.05
SPDW Ste STR SPDR PT DW Eu ETF New 0.04% +0.04
GS Goldman Sachs Group Inc. New 0.04% +0.04
DOCT FT Vest U.S. Equity Deep Buf New 0.04% +0.04
EMGF iShares Emerging Markets Equ Add +1.7% 1.26% +0.03
JPM JPMorgan Chase & Co. Add +2.2% 0.39% +0.03
AVDE Avantis International Equity Add +4.1% 0.57% +0.03
ESGV Vanguard ESG US Stock ETF Add +5.1% 0.43% +0.03
SMMV iShares MSCI USA Small-Cap M Add +17.6% 0.36% +0.03
SPSM SS SPDR P S&P 600 Small Cap Add +18.9% 0.21% +0.02
PH Parker Hannifin Corp. Add +12.3% 0.15% +0.02
VOO Vanguard S&P 500 ETF Add +2.5% 0.76% +0.02
VWO Vanguard Ftse Emerging Marke Add +7.4% 0.32% +0.02
VB Vanguard Most SM-Cap ETF-Usd Add +15.2% 0.18% +0.02
SPTM SS SPDR P S&P 1500 Comp ETF Add +8.5% 0.20% +0.02
IEMG iShares Core MSCI Emerging Add +0.6% 1.01% +0.02
IDLV Invesco S&P International DE Add +3.2% 0.66% +0.02
DFIV Dimensional International Va Add +3.2% 0.78% +0.02
IVLU iShares MSCI International V Add +1.8% 4.17% +0.01
META Meta Platforms Inc. Class A Add +2.0% 0.08% +0.01
PM Philip Morris International Add +0.8% 0.20% +0.01
IWV iShares Russell 3000 ETF Add +8.2% 0.11% +0.01
IBM Intl Business Machines Corp. Add +2.2% 0.08% +0.01
AVLV Avantis US Large Cap Value Add +6.8% 0.45% +0.01
AMZN Amazon.com Inc. Add +2.2% 0.06% +0.00
XJR Ishr ESG SS S&P Smal-Cap-Usd Add +11.8% 0.05% +0.00
XJH Ishare ESG SS S&P Midcap ETF Add +6.5% 0.06% +0.00
WMT Walmart Inc. Add +0.7% 0.08% +0.00
EFIV SS SPDR S&P 500 ESG ETF Add +0.9% 0.34% +0.00
SCHM Schwab US Mid Cap ETF Add +1.1% 0.06% −0.00
EEMV iShares MSCI Emg MKT Min Vol Add +0.2% 0.15% −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