Armbruster Capital Management, Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 23, 2026), Armbruster Capital Management, Inc. reported 132 stock positions worth $595.5 million. Its top holding was Vanguard U.S. Value Factor (VFVA) at 9.5% of the portfolio, followed by iShares MSCI USA Momentum Fa (MTUM, 8.9%) and Invesco S&P 500 Pure Value E (RPV, 6.2%). Compared with Q3 2025, it opened 2 new positions, sold out of 1, added to 36 and reduced 41. The biggest buy was Vanguard U.S. Value Factor (VFVA, shares +0%) and the biggest sale SS SPDR Dow Jones Indus Avg (DIA, shares −82%).

Most Recent 13F
Q2 2026
Location
PITTSFORD, NY
CIK
0001664847
Portfolio Value
$595.5M (Q4 2025)
SEC Filing
0001140361-26-002124 ↗ filed Jan 23, 2026

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 Q2 2025 Q3 2025: $587.6M Q3 2025 Q4 2025: $595.5M $595.5M Q4 2025 Q1 2026: $610.2M Q1 2026 Q2 2026: $670.8M Q2 2026

Holdings 132 stocks · $595.5M
VFVA Vanguard U.S. Value Factor 9.55% 428,220 $56.9M Add +0.1%
MTUM iShares MSCI USA Momentum Fa 8.92% 212,122 $53.1M Add +0.5%
RPV Invesco S&P 500 Pure Value E 6.15% 354,464 $36.6M Add +0.5%
SPLV Invesco S&P 500 Low Volatili 6.05% 504,129 $36.0M Add +4.5%
QUAL iShares MSCI USA Quality Fac 5.50% 164,914 $32.8M Add +1.2%
VFQY Vanguard U.S. Quality Factor 4.79% 186,040 $28.5M Reduce -0.8%
IVLU iShares MSCI International V 4.44% 694,130 $26.4M Reduce -1.0%
IMTM iShares MSCI Intl Momentum F 3.66% 454,137 $21.8M Reduce 0.0%
IQLT iShares MSCI International Q 3.58% 469,056 $21.3M Add +0.8%
AVES Avantis Emerging Markets Val 3.40% 347,503 $20.3M Add +0.3%
EFAV iShares MSCI Eafe Min Vol Fa 3.18% 219,293 $18.9M Add +1.1%
USMV iShares MSCI USA Min Vol Fac 2.60% 164,178 $15.5M Reduce -1.3%
XSMO Invesco S&P Smallcap Momentu 2.41% 199,652 $14.4M Add +1.7%
IEFA iShares Core MSCI Eafe ETF 2.33% 155,248 $13.9M Reduce -0.8%
XSLV Invesco S&P Smallcap Low Vol 1.94% 248,561 $11.5M Add +4.6%
QVMT Invesco S&P 500 Concentrated 1.60% 167,123 $9.5M Reduce -1.1%
VFMO Vanguard US Momentum Factor 1.44% 44,991 $8.6M Reduce -5.8%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 1.38% 26,192 $8.2M Reduce -0.6%
RZV Invesco S&P Smallcap 600 Pur 1.32% 65,922 $7.8M Reduce -4.0%
EMGF iShares Emerging Markets Equ 1.29% 132,702 $7.7M Reduce -0.2%
SPY SS SPDR S&P 500 ETF Trust-US 1.18% 10,347 $7.1M Reduce -1.2%
VOO Vanguard S&P 500 ETF 1.11% 10,523 $6.6M Add +15.1%
IEMG iShares Core MSCI Emerging 1.05% 93,449 $6.3M Reduce -0.9%
SCHF Schwab Intl Equity ETF 1.05% 260,252 $6.3M Reduce -0.1%
IJH iShares Core S&P Midcap ETF 0.93% 83,699 $5.5M Reduce -1.7%
DFIV Dimensional International Va 0.81% 97,145 $4.8M Reduce -2.7%
IVV iShares Core S&P 500 ETF 0.76% 6,635 $4.5M Reduce -30.5%
AVDE Avantis International Equity 0.70% 50,361 $4.1M Add +1.9%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.68% 13,993 $4.1M Reduce -0.1%
AVEM Avantis Emerging Markets Eq 0.66% 50,820 $3.9M Reduce -1.4%
VEA Vanguard Ftse Developed ETF 0.65% 62,336 $3.9M Reduce -0.5%
AVLV Avantis US Large Cap Value 0.61% 47,963 $3.6M Add +6.8%
SCHX Schwab US Large-Cap ETF 0.61% 134,880 $3.6M Reduce -0.0%
IDLV Invesco S&P International DE 0.59% 104,400 $3.5M Reduce -1.5%
ESGV Vanguard ESG US Stock ETF 0.45% 22,393 $2.7M Add +5.1%
IJR iShares Core S&P Small-Cap E 0.45% 22,398 $2.7M Reduce -2.6%
BRK.B Berkshire Hathaway Inc. Class B 0.40% 4,735 $2.4M Reduce -0.5%
AAPL Apple Inc. 0.39% 8,512 $2.3M Add +0.8%
JPM JPMorgan Chase & Co. 0.38% 7,064 $2.3M No change
PAYX Paychex Inc. 0.38% 20,192 $2.3M Add +3.2%
AVUV Avantis US Small Cap Value 0.35% 20,644 $2.1M Add +2.6%
EFIV SS SPDR S&P 500 ESG ETF 0.35% 31,812 $2.1M Add +0.0%
SMMV iShares MSCI USA Small-Cap M 0.33% 45,890 $2.0M Reduce -1.7%
VWO Vanguard Ftse Emerging Marke 0.32% 35,785 $1.9M Reduce -0.2%
AVLC Avantis US LG Cap Eq ETF 0.28% 21,000 $1.7M No change
SPSM SS SPDR P S&P 600 Small Cap 0.27% 34,809 $1.6M Add +5.5%
MSFT Microsoft Corp. 0.27% 3,295 $1.6M No change
QQQ Invesco QQQ Trust Series 1 0.26% 2,549 $1.6M No change
SPTM SS SPDR P S&P 1500 Comp ETF 0.23% 16,963 $1.4M Add +12.9%
XOM Exxon Mobil Corp. 0.23% 11,324 $1.4M Add +3.2%
SPMD SS SPDR P S&P 400 Midcap ETF 0.22% 22,741 $1.3M Add +8.2%
INTF iShares International Equity 0.21% 32,775 $1.2M No change
BNL Broadstone Net Lease Inc. 0.21% 70,554 $1.2M No change
ESGD iShares Trust iShares ESG Aw 0.19% 12,192 $1.2M Add +0.3%
SCHE Schwab Emrg Mrkts Eqty ETF 0.19% 35,170 $1.2M Reduce -0.3%
VB Vanguard Most SM-Cap ETF-Usd 0.18% 4,224 $1.1M No change
IHS Ihs Holding Ltd. 0.18% 140,347 $1.0M Reduce -6.7%
AVGO Broadcom Inc. 0.17% 3,011 $1.0M Reduce -6.1%
VTI VG Morningstar TS MKT ETF-US 0.17% 3,067 $1.0M Reduce -1.2%
PH Parker Hannifin Corp. 0.17% 1,159 $1.0M No change
VTV Vanguard Mrngstr Val ETF-Aui 0.17% 5,305 $1.0M No change
XMMO Invesco S&P Midcap Momentum 0.16% 6,959 $964K No change
GOOGL Alphabet Inc. Class A 0.16% 2,994 $937K Add +6.4%
VNQ Vanguard Real Estate ETF 0.15% 10,166 $900K Reduce -1.4%
PM Philip Morris International 0.15% 5,599 $898K No change
ORCL Oracle Corp. 0.14% 4,410 $860K No change
INTC Intel Corp. 0.14% 22,525 $831K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.14% 3,911 $828K No change
PWB Invesco Large Cap Growth ETF 0.14% 6,370 $810K No change
EEMV iShares MSCI Emg MKT Min Vol 0.13% 12,025 $770K Reduce -6.9%
IAU iShares Gold Trust 0.13% 9,250 $751K Reduce -22.9%
IWV iShares Russell 3000 ETF 0.12% 1,819 $704K Add +0.5%
EFA iShares MSCI Eafe ETF 0.12% 7,182 $690K No change
AMGN Amgen Inc. 0.12% 2,096 $686K Reduce -7.3%
PWV Invesco Large Cap Value ETF 0.11% 10,117 $673K No change
GE General Electric filed as GE AEROSPACE 0.11% 2,153 $663K Add +3.6%
SCHA Schwab US Small-Cap ETF 0.10% 21,930 $625K No change
ACWV iShares MSCI Global Min Vol 0.10% 5,160 $613K No change
NEE Nextera Energy Inc. 0.10% 7,357 $591K Add +48.7%
XMVM Invesco S&P Midcap Value Wit 0.09% 8,749 $561K No change
UNP Union Pacific Corp. 0.09% 2,341 $542K No change
VEU Vanguard Ftse All-World Ex-U 0.09% 7,351 $541K Reduce -1.0%
TMO Thermo Fisher Scientific Inc. 0.09% 926 $537K No change
XAR SS SPDR S&P Aerospace Def 0.09% 2,160 $521K No change
XSVM Invesco S&P Smallcap Value W 0.09% 9,094 $520K No change
HD Home Depot Inc. 0.09% 1,498 $515K No change
SCHB Schwab US Broad Market ETF 0.08% 19,249 $505K Reduce -7.4%
BTC Grayscale Bitcoin Mini ETF 0.08% 12,808 $496K New
ABBV Abbvie Inc. 0.08% 2,152 $492K No change
WMT Walmart Inc. 0.08% 4,395 $490K No change
BSV Vanguard Short-Term Bond ETF 0.08% 6,212 $490K Reduce -1.2%
IUSG iShares Core S&P U.S. Growth 0.08% 2,900 $487K No change
NVDA Nvidia Corp. 0.08% 2,438 $455K No change
MRK Merck & Co. Inc. 0.08% 4,292 $452K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 1,505 $446K Reduce -0.9%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.07% 923 $444K Reduce -81.8%
KO The Coca-Cola Co. 0.07% 6,211 $434K Add +3.8%
VSS Vanguard Ftse All Wo X-US SC 0.07% 2,949 $423K No change
PG The Procter & Gamble Co. 0.07% 2,834 $406K Add +3.7%
CSCO Cisco Systems Inc. 0.07% 5,170 $398K No change

Show all 132 holdings

Portfolio Sells Q3 2025 → Q4 2025
DIA SS SPDR Dow Jones Indus Avg Reduce -81.8% 0.07% −0.33
IVV iShares Core S&P 500 ETF Reduce -30.5% 0.76% −0.32
IBIT iShares Bitcoin Trust ETF Reduce -61.7% 0.05% −0.12
VFMO Vanguard US Momentum Factor Reduce -5.8% 1.44% −0.11
USMV iShares MSCI USA Min Vol Fac Reduce -1.3% 2.60% −0.10
RZV Invesco S&P Smallcap 600 Pur Reduce -4.0% 1.32% −0.06
IMTM iShares MSCI Intl Momentum F Reduce 0.0% 3.66% −0.04
SPHD Invesco S&P 500 High Dividen Sold out 0.00% −0.03
IAU iShares Gold Trust Reduce -22.9% 0.13% −0.02
VFQY Vanguard U.S. Quality Factor Reduce -0.8% 4.79% −0.02
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -0.1% 0.68% −0.02
IJH iShares Core S&P Midcap ETF Reduce -1.7% 0.93% −0.02
IJR iShares Core S&P Small-Cap E Reduce -2.6% 0.45% −0.01
EEMV iShares MSCI Emg MKT Min Vol Reduce -6.9% 0.13% −0.01
IDLV Invesco S&P International DE Reduce -1.5% 0.59% −0.01
VNQ Vanguard Real Estate ETF Reduce -1.4% 0.15% −0.01
META Meta Platforms Inc. Class A Reduce -0.2% 0.07% −0.01
SMMV iShares MSCI USA Small-Cap M Reduce -1.7% 0.33% −0.01
VWO Vanguard Ftse Emerging Marke Reduce -0.2% 0.32% −0.01
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.5% 0.40% −0.01
SCHE Schwab Emrg Mrkts Eqty ETF Reduce -0.3% 0.19% −0.01
SCHB Schwab US Broad Market ETF Reduce -7.4% 0.08% −0.01
AVGO Broadcom Inc. Reduce -6.1% 0.17% −0.01
IEMG iShares Core MSCI Emerging Reduce -0.9% 1.05% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.2% 1.18% −0.00
BSV Vanguard Short-Term Bond ETF Reduce -1.2% 0.08% −0.00
SLYV SS SPDR S&P 600 SC Val ETF Reduce -5.2% 0.05% −0.00
AVEM Avantis Emerging Markets Eq Reduce -1.4% 0.66% −0.00
VTI VG Morningstar TS MKT ETF-US Reduce -1.2% 0.17% −0.00
VEU Vanguard Ftse All-World Ex-U Reduce -1.0% 0.09% +0.00
IHS Ihs Holding Ltd. Reduce -6.7% 0.18% +0.00
IBM Intl Business Machines Corp. Reduce -0.9% 0.07% +0.00
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -0.6% 1.38% +0.00
SCHX Schwab US Large-Cap ETF Reduce -0.0% 0.61% +0.00
AMGN Amgen Inc. Reduce -7.3% 0.12% +0.01
IEFA iShares Core MSCI Eafe ETF Reduce -0.8% 2.33% +0.01
EMGF iShares Emerging Markets Equ Reduce -0.2% 1.29% +0.01
VEA Vanguard Ftse Developed ETF Reduce -0.5% 0.65% +0.02
SCHF Schwab Intl Equity ETF Reduce -0.1% 1.05% +0.02
QVMT Invesco S&P 500 Concentrated Reduce -1.1% 1.60% +0.02
DFIV Dimensional International Va Reduce -2.7% 0.81% +0.03
IVLU iShares MSCI International V Reduce -1.0% 4.44% +0.20

Portfolio Buys Q3 2025 → Q4 2025
VFVA Vanguard U.S. Value Factor Add +0.1% 9.55% +0.26
RPV Invesco S&P 500 Pure Value E Add +0.5% 6.15% +0.19
VOO Vanguard S&P 500 ETF Add +15.1% 1.11% +0.16
QUAL iShares MSCI USA Quality Fac Add +1.2% 5.50% +0.10
BTC Grayscale Bitcoin Mini ETF New 0.08% +0.08
IQLT iShares MSCI International Q Add +0.8% 3.58% +0.08
XSLV Invesco S&P Smallcap Low Vol Add +4.6% 1.94% +0.06
AVLV Avantis US Large Cap Value Add +6.8% 0.61% +0.06
EFAV iShares MSCI Eafe Min Vol Fa Add +1.1% 3.18% +0.04
GOOGL Alphabet Inc. Class A Add +6.4% 0.16% +0.04
NEE Nextera Energy Inc. Add +48.7% 0.10% +0.04
BAC Bank of America Corp. New 0.03% +0.03
AVDE Avantis International Equity Add +1.9% 0.70% +0.03
SPTM SS SPDR P S&P 1500 Comp ETF Add +12.9% 0.23% +0.03
ESGV Vanguard ESG US Stock ETF Add +5.1% 0.45% +0.03
AAPL Apple Inc. Add +0.8% 0.39% +0.02
AVES Avantis Emerging Markets Val Add +0.3% 3.40% +0.02
XOM Exxon Mobil Corp. Add +3.2% 0.23% +0.02
SPMD SS SPDR P S&P 400 Midcap ETF Add +8.2% 0.22% +0.02
SPSM SS SPDR P S&P 600 Small Cap Add +5.5% 0.27% +0.01
SPLV Invesco S&P 500 Low Volatili Add +4.5% 6.05% +0.01
AVUV Avantis US Small Cap Value Add +2.6% 0.35% +0.01
EFIV SS SPDR S&P 500 ESG ETF Add +0.0% 0.35% +0.01
SPDW Ste STR SPDR PT DW Eu ETF Add +14.7% 0.05% +0.01
VYM Vanguard High DVD Yield ETF Add +12.8% 0.06% +0.01
CVX Chevron Corp. Add +18.2% 0.05% +0.01
KO The Coca-Cola Co. Add +3.8% 0.07% +0.01
GE General Electric Add +3.6% 0.11% +0.01
GEV GE Vernova Inc. Add +3.5% 0.06% +0.00
TSLA Tesla Inc. Add +7.7% 0.05% +0.00
ESGD iShares Trust iShares ESG Aw Add +0.3% 0.19% +0.00
IWV iShares Russell 3000 ETF Add +0.5% 0.12% +0.00
SCHM Schwab US Mid Cap ETF Add +1.3% 0.06% +0.00
PG The Procter & Gamble Co. Add +3.7% 0.07% −0.00
MDLZ Mondelez International Inc. Class A Add +6.4% 0.04% −0.00
PAYX Paychex Inc. Add +3.2% 0.38% −0.04
XSMO Invesco S&P Smallcap Momentu Add +1.7% 2.41% −0.04
MTUM iShares MSCI USA Momentum Fa Add +0.5% 8.92% −0.30

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