Armbruster Capital Management, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 20, 2025), Armbruster Capital Management, Inc. reported 131 stock positions worth $587.6 million. Its top holding was Vanguard U.S. Value Factor (VFVA) at 9.3% of the portfolio, followed by iShares MSCI USA Momentum Fa (MTUM, 9.2%) and Invesco S&P 500 Low Volatili (SPLV, 6.0%). Compared with Q2 2025, it opened 5 new positions, sold out of 2, added to 39 and reduced 52. The biggest buy was Vanguard U.S. Value Factor (VFVA, shares +1%) and the biggest sale SS SPDR Dow Jones Indus Avg (DIA, shares −59%).
- Most Recent 13F
- Q2 2026
- Location
- PITTSFORD, NY
- CIK
- 0001664847
- Portfolio Value
- $587.6M (Q3 2025)
- SEC Filing
- 0001140361-25-038592 ↗ filed Oct 20, 2025
Holdings Value
Holdings 131 stocks · $587.6M
| VFVA Vanguard U.S. Value Factor | 9.29% | 427,773 | $54.6M | Add +1.0% |
| MTUM iShares MSCI USA Momentum Fa | 9.21% | 211,106 | $54.1M | Add +1.4% |
| SPLV Invesco S&P 500 Low Volatili | 6.03% | 482,394 | $35.4M | Add +5.1% |
| RPV Invesco S&P 500 Pure Value E | 5.96% | 352,622 | $35.0M | Reduce -0.6% |
| QUAL iShares MSCI USA Quality Fac | 5.40% | 163,028 | $31.7M | Add +1.8% |
| VFQY Vanguard U.S. Quality Factor | 4.81% | 187,483 | $28.3M | Add +1.6% |
| IVLU iShares MSCI International V | 4.24% | 701,351 | $24.9M | Add +0.1% |
| IMTM iShares MSCI Intl Momentum F | 3.70% | 454,157 | $21.7M | Add +0.8% |
| IQLT iShares MSCI International Q | 3.50% | 465,494 | $20.6M | Add +2.2% |
| AVES Avantis Emerging Markets Val | 3.38% | 346,289 | $19.9M | Add +2.0% |
| EFAV iShares MSCI Eafe Min Vol Fa | 3.13% | 216,938 | $18.4M | Add +2.7% |
| USMV iShares MSCI USA Min Vol Fac | 2.69% | 166,362 | $15.8M | Reduce -0.4% |
| XSMO Invesco S&P Smallcap Momentu | 2.46% | 196,330 | $14.4M | Add +3.3% |
| IEFA iShares Core MSCI Eafe ETF | 2.32% | 156,459 | $13.7M | Add +4.0% |
| XSLV Invesco S&P Smallcap Low Vol | 1.87% | 237,575 | $11.0M | Add +6.4% |
| QVMT Invesco S&P 500 Concentrated | 1.58% | 169,003 | $9.3M | Reduce -0.7% |
| VFMO Vanguard US Momentum Factor | 1.56% | 47,750 | $9.1M | Reduce -1.4% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 1.38% | 26,361 | $8.1M | Add +0.1% |
| RZV Invesco S&P Smallcap 600 Pur | 1.38% | 68,643 | $8.1M | Add +0.1% |
| EMGF iShares Emerging Markets Equ | 1.28% | 132,918 | $7.5M | Reduce -0.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.19% | 10,470 | $7.0M | Reduce -0.8% |
| IVV iShares Core S&P 500 ETF | 1.09% | 9,548 | $6.4M | Reduce -36.1% |
| IEMG iShares Core MSCI Emerging | 1.06% | 94,275 | $6.2M | Add +1.7% |
| SCHF Schwab Intl Equity ETF | 1.03% | 260,448 | $6.1M | Reduce -0.1% |
| VOO Vanguard S&P 500 ETF | 0.95% | 9,145 | $5.6M | Add +24.0% |
| IJH iShares Core S&P Midcap ETF | 0.95% | 85,154 | $5.6M | Add +0.3% |
| DFIV Dimensional International Va | 0.78% | 99,820 | $4.6M | Reduce -0.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.70% | 14,008 | $4.1M | No change |
| AVDE Avantis International Equity | 0.66% | 49,427 | $3.9M | Add +15.3% |
| AVEM Avantis Emerging Markets Eq | 0.66% | 51,569 | $3.9M | Add +4.0% |
| VEA Vanguard Ftse Developed ETF | 0.64% | 62,626 | $3.8M | Add +0.3% |
| SCHX Schwab US Large-Cap ETF | 0.60% | 134,895 | $3.6M | Reduce -0.0% |
| IDLV Invesco S&P International DE | 0.60% | 106,000 | $3.6M | Reduce -3.1% |
| AVLV Avantis US Large Cap Value | 0.55% | 44,916 | $3.2M | Add +22.5% |
| IJR iShares Core S&P Small-Cap E | 0.47% | 23,000 | $2.7M | Reduce -0.4% |
| ESGV Vanguard ESG US Stock ETF | 0.43% | 21,310 | $2.5M | Reduce -0.8% |
| PAYX Paychex Inc. | 0.42% | 19,574 | $2.5M | Add +3.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.41% | 4,759 | $2.4M | Add +9.9% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.40% | 5,068 | $2.4M | Reduce -59.3% |
| JPM JPMorgan Chase & Co. | 0.38% | 7,064 | $2.2M | Reduce -3.7% |
| AAPL Apple Inc. | 0.37% | 8,446 | $2.2M | Reduce -5.7% |
| EFIV SS SPDR S&P 500 ESG ETF | 0.34% | 31,804 | $2.0M | Reduce -0.9% |
| SMMV iShares MSCI USA Small-Cap M | 0.34% | 46,700 | $2.0M | Reduce -1.4% |
| AVUV Avantis US Small Cap Value | 0.34% | 20,128 | $2.0M | Add +14.2% |
| VWO Vanguard Ftse Emerging Marke | 0.33% | 35,865 | $1.9M | Add +0.3% |
| MSFT Microsoft Corp. | 0.29% | 3,295 | $1.7M | Reduce -16.0% |
| AVLC Avantis US LG Cap Eq ETF | 0.27% | 21,000 | $1.6M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.26% | 2,549 | $1.5M | Reduce -2.2% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.26% | 33,010 | $1.5M | Add +20.2% |
| BNL Broadstone Net Lease Inc. | 0.21% | 70,554 | $1.3M | Reduce -17.5% |
| ORCL Oracle Corp. | 0.21% | 4,410 | $1.2M | Reduce -0.6% |
| XOM Exxon Mobil Corp. | 0.21% | 10,972 | $1.2M | Add +1.1% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.21% | 15,027 | $1.2M | Add +1.6% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.20% | 21,015 | $1.2M | Add +27.7% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.20% | 35,285 | $1.2M | No change |
| INTF iShares International Equity | 0.20% | 32,775 | $1.2M | No change |
| ESGD iShares Trust iShares ESG Aw | 0.19% | 12,158 | $1.1M | Add +2.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.18% | 4,224 | $1.1M | Reduce -0.3% |
| AVGO Broadcom Inc. | 0.18% | 3,206 | $1.1M | Reduce -4.2% |
| IHS Ihs Holding Ltd. | 0.17% | 150,347 | $1.0M | Reduce -9.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.17% | 3,104 | $1.0M | Add +1.2% |
| IBIT iShares Bitcoin Trust ETF | 0.17% | 15,238 | $990K | Add +105.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.17% | 5,305 | $989K | Add +1.3% |
| VNQ Vanguard Real Estate ETF | 0.16% | 10,306 | $942K | Reduce -1.6% |
| XMMO Invesco S&P Midcap Momentum | 0.16% | 6,959 | $941K | No change |
| PM Philip Morris International | 0.15% | 5,599 | $908K | Reduce -7.1% |
| PH Parker Hannifin Corp. | 0.15% | 1,159 | $879K | No change |
| IAU iShares Gold Trust | 0.15% | 12,000 | $873K | No change |
| EEMV iShares MSCI Emg MKT Min Vol | 0.14% | 12,920 | $825K | Reduce -2.0% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.14% | 3,911 | $816K | No change |
| PWB Invesco Large Cap Growth ETF | 0.14% | 6,370 | $799K | No change |
| INTC Intel Corp. | 0.13% | 22,525 | $756K | Reduce -3.3% |
| IWV iShares Russell 3000 ETF | 0.12% | 1,810 | $686K | Add +0.5% |
| GOOGL Alphabet Inc. Class A | 0.12% | 2,814 | $684K | Reduce -1.5% |
| EFA iShares MSCI Eafe ETF | 0.11% | 7,182 | $671K | No change |
| PWV Invesco Large Cap Value ETF | 0.11% | 10,117 | $660K | No change |
| AMGN Amgen Inc. | 0.11% | 2,261 | $638K | Reduce -3.4% |
| GE General Electric filed as GE AEROSPACE | 0.11% | 2,078 | $625K | Reduce -5.7% |
| ACWV iShares MSCI Global Min Vol | 0.11% | 5,160 | $619K | No change |
| SCHA Schwab US Small-Cap ETF | 0.10% | 21,930 | $612K | No change |
| HD Home Depot Inc. | 0.10% | 1,498 | $607K | Reduce -11.9% |
| UNP Union Pacific Corp. | 0.09% | 2,341 | $553K | No change |
| XMVM Invesco S&P Midcap Value Wit | 0.09% | 8,749 | $539K | No change |
| SCHB Schwab US Broad Market ETF | 0.09% | 20,781 | $534K | Add +0.4% |
| VEU Vanguard Ftse All-World Ex-U | 0.09% | 7,426 | $530K | Reduce -2.9% |
| XSVM Invesco S&P Smallcap Value W | 0.09% | 9,094 | $513K | No change |
| XAR SS SPDR S&P Aerospace Def | 0.09% | 2,160 | $508K | No change |
| ABBV Abbvie Inc. | 0.08% | 2,152 | $498K | No change |
| BSV Vanguard Short-Term Bond ETF | 0.08% | 6,287 | $496K | No change |
| IUSG iShares Core S&P U.S. Growth | 0.08% | 2,900 | $477K | Reduce -1.0% |
| NVDA Nvidia Corp. | 0.08% | 2,438 | $455K | Add +4.0% |
| WMT Walmart Inc. | 0.08% | 4,395 | $453K | Reduce -0.7% |
| TMO Thermo Fisher Scientific Inc. | 0.08% | 926 | $449K | Reduce -0.2% |
| META Meta Platforms Inc. Class A | 0.08% | 603 | $443K | Reduce -1.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.07% | 1,518 | $428K | Reduce -2.1% |
| VSS Vanguard Ftse All Wo X-US SC | 0.07% | 2,949 | $420K | No change |
| PG The Procter & Gamble Co. | 0.07% | 2,733 | $420K | Reduce -12.3% |
| SHW The Sherwin-Williams Co. | 0.07% | 1,194 | $413K | No change |
| NFG National Fuel Gas Co. | 0.07% | 4,432 | $409K | Reduce -6.3% |
| UNH Unitedhealth Group Inc. | 0.07% | 1,175 | $406K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| DIA SS SPDR Dow Jones Indus Avg | Reduce -59.3% | 0.40% | −0.59 |
| IVV iShares Core S&P 500 ETF | Reduce -36.1% | 1.09% | −0.59 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -0.4% | 2.69% | −0.15 |
| MSFT Microsoft Corp. | Reduce -16.0% | 0.29% | −0.06 |
| RPV Invesco S&P 500 Pure Value E | Reduce -0.6% | 5.96% | −0.06 |
| IDLV Invesco S&P International DE | Reduce -3.1% | 0.60% | −0.05 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.04 |
| PM Philip Morris International | Reduce -7.1% | 0.15% | −0.04 |
| DOCT FT Vest U.S. Equity Deep Buf | Sold out | 0.00% | −0.04 |
| BNL Broadstone Net Lease Inc. | Reduce -17.5% | 0.21% | −0.03 |
| QVMT Invesco S&P 500 Concentrated | Reduce -0.7% | 1.58% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -12.3% | 0.07% | −0.02 |
| SMMV iShares MSCI USA Small-Cap M | Reduce -1.4% | 0.34% | −0.02 |
| CSCO Cisco Systems Inc. | Reduce -10.4% | 0.06% | −0.01 |
| SCHF Schwab Intl Equity ETF | Reduce -0.1% | 1.03% | −0.01 |
| KO The Coca-Cola Co. | Reduce -2.8% | 0.07% | −0.01 |
| IBM Intl Business Machines Corp. | Reduce -2.1% | 0.07% | −0.01 |
| AMGN Amgen Inc. | Reduce -3.4% | 0.11% | −0.01 |
| HD Home Depot Inc. | Reduce -11.9% | 0.10% | −0.01 |
| EEMV iShares MSCI Emg MKT Min Vol | Reduce -2.0% | 0.14% | −0.01 |
| VNQ Vanguard Real Estate ETF | Reduce -1.6% | 0.16% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -1.9% | 0.08% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -3.7% | 0.38% | −0.01 |
| AMZN Amazon.com Inc. | Reduce -2.1% | 0.05% | −0.00 |
| CVX Chevron Corp. | Reduce -10.4% | 0.05% | −0.00 |
| NEE Nextera Energy Inc. | Reduce -7.5% | 0.06% | −0.00 |
| NFG National Fuel Gas Co. | Reduce -6.3% | 0.07% | −0.00 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -2.9% | 0.09% | −0.00 |
| MRK Merck & Co. Inc. | Reduce -2.4% | 0.06% | −0.00 |
| WMT Walmart Inc. | Reduce -0.7% | 0.08% | −0.00 |
| SCHM Schwab US Mid Cap ETF | Reduce -0.6% | 0.06% | −0.00 |
| ALL Allstate Corp. | Reduce -0.8% | 0.04% | −0.00 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -2.2% | 0.26% | +0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -0.3% | 0.18% | +0.00 |
| IUSG iShares Core S&P U.S. Growth | Reduce -1.0% | 0.08% | +0.00 |
| GEV GE Vernova Inc. | Reduce -5.7% | 0.05% | +0.00 |
| DFIV Dimensional International Va | Reduce -0.8% | 0.78% | +0.00 |
| ESGV Vanguard ESG US Stock ETF | Reduce -0.8% | 0.43% | +0.00 |
| GE General Electric | Reduce -5.7% | 0.11% | +0.00 |
| EFIV SS SPDR S&P 500 ESG ETF | Reduce -0.9% | 0.34% | +0.00 |
| TJX TJX Companies Inc. | Reduce -0.5% | 0.06% | +0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.8% | 1.19% | +0.01 |
| SCHX Schwab US Large-Cap ETF | Reduce -0.0% | 0.60% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.4% | 0.47% | +0.01 |
| IHS Ihs Holding Ltd. | Reduce -9.1% | 0.17% | +0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.2% | 0.08% | +0.01 |
| GOOG Alphabet Inc. Class C | Reduce -3.0% | 0.05% | +0.01 |
| AVGO Broadcom Inc. | Reduce -4.2% | 0.18% | +0.01 |
| EMGF iShares Emerging Markets Equ | Reduce -0.7% | 1.28% | +0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -1.5% | 0.12% | +0.03 |
Portfolio Buys Q2 2025 → Q3 2025
| VFVA Vanguard U.S. Value Factor | Add +1.0% | 9.29% | +0.21 |
| VOO Vanguard S&P 500 ETF | Add +24.0% | 0.95% | +0.19 |
| MTUM iShares MSCI USA Momentum Fa | Add +1.4% | 9.21% | +0.15 |
| XSMO Invesco S&P Smallcap Momentu | Add +3.3% | 2.46% | +0.12 |
| AVLV Avantis US Large Cap Value | Add +22.5% | 0.55% | +0.10 |
| QUAL iShares MSCI USA Quality Fac | Add +1.8% | 5.40% | +0.09 |
| AVDE Avantis International Equity | Add +15.3% | 0.66% | +0.09 |
| AVES Avantis Emerging Markets Val | Add +2.0% | 3.38% | +0.09 |
| IBIT iShares Bitcoin Trust ETF | Add +105.9% | 0.17% | +0.09 |
| RZV Invesco S&P Smallcap 600 Pur | Add +0.1% | 1.38% | +0.08 |
| IVLU iShares MSCI International V | Add +0.1% | 4.24% | +0.06 |
| IEFA iShares Core MSCI Eafe ETF | Add +4.0% | 2.32% | +0.05 |
| AVUV Avantis US Small Cap Value | Add +14.2% | 0.34% | +0.05 |
| IEMG iShares Core MSCI Emerging | Add +1.7% | 1.06% | +0.05 |
| TSLA Tesla Inc. | New | 0.05% | +0.05 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +20.2% | 0.26% | +0.05 |
| AVEM Avantis Emerging Markets Eq | Add +4.0% | 0.66% | +0.04 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +27.7% | 0.20% | +0.04 |
| JNJ Johnson & Johnson | New | 0.04% | +0.04 |
| ESGE iShares Inc. iShares ESG Awar | New | 0.04% | +0.04 |
| RTX RTX Corp. | New | 0.04% | +0.04 |
| SPHD Invesco S&P 500 High Dividen | New | 0.03% | +0.03 |
| XSLV Invesco S&P Smallcap Low Vol | Add +6.4% | 1.87% | +0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +9.9% | 0.41% | +0.03 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +0.1% | 1.38% | +0.02 |
| VFQY Vanguard U.S. Quality Factor | Add +1.6% | 4.81% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +0.3% | 0.33% | +0.01 |
| NVDA Nvidia Corp. | Add +4.0% | 0.08% | +0.01 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +1.6% | 0.21% | +0.01 |
| XJR Ishr ESG SS S&P Smal-Cap-Usd | Add +10.0% | 0.05% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +1.2% | 0.17% | +0.00 |
| IWV iShares Russell 3000 ETF | Add +0.5% | 0.12% | +0.00 |
| SCHB Schwab US Broad Market ETF | Add +0.4% | 0.09% | +0.00 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +4.3% | 0.04% | +0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +1.3% | 0.17% | +0.00 |
| ESGD iShares Trust iShares ESG Aw | Add +2.1% | 0.19% | 0.00 |
| XOM Exxon Mobil Corp. | Add +1.1% | 0.21% | −0.00 |
| VEA Vanguard Ftse Developed ETF | Add +0.3% | 0.64% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Add +0.3% | 0.95% | −0.01 |
| SPLV Invesco S&P 500 Low Volatili | Add +5.1% | 6.03% | −0.02 |
| IMTM iShares MSCI Intl Momentum F | Add +0.8% | 3.70% | −0.03 |
| IQLT iShares MSCI International Q | Add +2.2% | 3.50% | −0.06 |
| PAYX Paychex Inc. | Add +3.3% | 0.42% | −0.08 |
| EFAV iShares MSCI Eafe Min Vol Fa | Add +2.7% | 3.13% | −0.09 |
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 |