# Armbruster Capital Management, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1664847. Source: https://holderbook.com/funds/1664847-armbruster-capital-management-inc/

- Reported value: $670.8M
- Positions: 125
- Weight of the ten largest: 57.7%
- Filed: 2026-07-16

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $70.7M | 206,320 | 10.5% | 31 |
| VANGUARD WELLINGTON FD | [VFVA](https://holderbook.com/stocks/VFVA/) | $64.1M | 431,781 | 9.6% | 28 |
| INVESCO EXCHANGE TRADED FD T | [RPV](https://holderbook.com/stocks/RPV/) | $41.8M | 366,841 | 6.2% | 31 |
| INVESCO EXCH TRADED FD TR II | [SPLV](https://holderbook.com/stocks/SPLV/) | $40.4M | 540,041 | 6.0% | 31 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $37.7M | 171,926 | 5.6% | 28 |
| VANGUARD WELLINGTON FD | [VFQY](https://holderbook.com/stocks/VFQY/) | $32.7M | 191,754 | 4.9% | 26 |
| ISHARES TR | [IVLU](https://holderbook.com/stocks/IVLU/) | $28.1M | 671,710 | 4.2% | 26 |
| ISHARES TR | [IMTM](https://holderbook.com/stocks/IMTM/) | $24.6M | 460,391 | 3.7% | 26 |
| ISHARES TR | [IQLT](https://holderbook.com/stocks/IQLT/) | $23.6M | 477,138 | 3.5% | 26 |
| AMERICAN CENTY ETF TR | [AVES](https://holderbook.com/stocks/AVES/) | $23.2M | 353,764 | 3.5% | 14 |
| ISHARES TR | [EFAV](https://holderbook.com/stocks/EFAV/) | $20.1M | 228,932 | 3.0% | 26 |
| INVESCO EXCHANGE TRADED FD T | [XSMO](https://holderbook.com/stocks/XSMO/) | $18.6M | 198,166 | 2.8% | 26 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $16.0M | 165,518 | 2.4% | 31 |
| INVESCO EXCH TRADED FD TR II | [XSLV](https://holderbook.com/stocks/XSLV/) | $13.9M | 265,916 | 2.1% | 26 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $13.9M | 143,475 | 2.1% | 31 |
| VANGUARD WELLINGTON FD | [VFMO](https://holderbook.com/stocks/VFMO/) | $11.9M | 47,516 | 1.8% | 26 |
| INVESCO EXCH TRADED FD TR II | [QVMT](https://holderbook.com/stocks/QVMT/) | $10.9M | 156,628 | 1.6% | 31 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $10.3M | 29,828 | 1.5% | 31 |
| INVESCO EXCHANGE TRADED FD T | [RZV](https://holderbook.com/stocks/RZV/) | $9.5M | 63,762 | 1.4% | 31 |
| ISHARES INC | [EMGF](https://holderbook.com/stocks/EMGF/) | $9.2M | 125,334 | 1.4% | 26 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $8.0M | 10,653 | 1.2% | 31 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $7.3M | 87,878 | 1.1% | 31 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $7.2M | 258,406 | 1.1% | 31 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $6.6M | 85,925 | 1.0% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $5.7M | 8,278 | 0.8% | 9 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $5.7M | 7,548 | 0.8% | 31 |
| DIMENSIONAL ETF TRUST | [DFIV](https://holderbook.com/stocks/DFIV/) | $5.2M | 96,770 | 0.8% | 18 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $4.6M | 64,833 | 0.7% | 31 |
| AMERICAN CENTY ETF TR | [AVEM](https://holderbook.com/stocks/AVEM/) | $4.4M | 45,733 | 0.7% | 14 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $4.3M | 53,688 | 0.6% | 31 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $4.1M | 138,755 | 0.6% | 31 |
| AMERICAN CENTY ETF TR | [AVLV](https://holderbook.com/stocks/AVLV/) | $3.6M | 39,958 | 0.5% | 9 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $3.6M | 24,238 | 0.5% | 31 |
| AMERICAN CENTY ETF TR | [AVDE](https://holderbook.com/stocks/AVDE/) | $3.6M | 40,089 | 0.5% | 9 |
| INVESCO EXCH TRADED FD TR II | [IDLV](https://holderbook.com/stocks/IDLV/) | $3.3M | 96,900 | 0.5% | 18 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $3.0M | 22,528 | 0.4% | 17 |
| SPDR SERIES TRUST | [EFIV](https://holderbook.com/stocks/EFIV/) | $2.6M | 35,346 | 0.4% | 18 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.4M | 8,401 | 0.4% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.4M | 4,854 | 0.4% | 31 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $2.1M | 17,178 | 0.3% | 9 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $2.1M | 34,731 | 0.3% | 31 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $2.1M | 5,584 | 0.3% | 31 |
| ISHARES TR | [SMMV](https://holderbook.com/stocks/SMMV/) | $2.0M | 42,800 | 0.3% | 17 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.6M | 4,820 | 0.2% | 31 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $1.6M | 27,209 | 0.2% | 9 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $1.5M | 16,779 | 0.2% | 23 |
| BROADSTONE NET LEASE INC | [BNL](https://holderbook.com/stocks/BNL/) | $1.5M | 70,554 | 0.2% | 22 |
| AMERICAN CENTY ETF TR | [AVLC](https://holderbook.com/stocks/AVLC/) | $1.5M | 16,200 | 0.2% | 8 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $1.5M | 14,147 | 0.2% | 18 |
| SPDR SERIES TRUST | [SPMD](https://holderbook.com/stocks/SPMD/) | $1.3M | 19,727 | 0.2% | 9 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.3M | 9,465 | 0.2% | 31 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $1.3M | 35,056 | 0.2% | 31 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $1.3M | 4,134 | 0.2% | 31 |
| ISHARES TR | [INTF](https://holderbook.com/stocks/INTF/) | $1.2M | 29,375 | 0.2% | 8 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.2M | 3,201 | 0.2% | 31 |
| INVESCO EXCHANGE TRADED FD T | [XMMO](https://holderbook.com/stocks/XMMO/) | $1.2M | 6,959 | 0.2% | 26 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $1.2M | 5,387 | 0.2% | 21 |
| INVESCO EXCHANGE TRADED FD T | [PWB](https://holderbook.com/stocks/PWB/) | $1.1M | 6,370 | 0.2% | 26 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.0M | 2,866 | 0.2% | 22 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $963.6K | 9,276 | 0.1% | 31 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $947.5K | 9,826 | 0.1% | 31 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $923.3K | 9,390 | 0.1% | 31 |
| ISHARES INC | [EEMV](https://holderbook.com/stocks/EEMV/) | $880.8K | 11,700 | 0.1% | 26 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $878.2K | 3,614 | 0.1% | 19 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $863.8K | 11,087 | 0.1% | 6 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $850.3K | 2,251 | 0.1% | 9 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $787.8K | 21,805 | 0.1% | 26 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $784.6K | 1,840 | 0.1% | 19 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $777.6K | 1,056 | 0.1% | 26 |
| INVESCO EXCHANGE TRADED FD T | [PWV](https://holderbook.com/stocks/PWV/) | $766.6K | 10,117 | 0.1% | 26 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $716.3K | 1,978 | 0.1% | 31 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $707.3K | 2,769 | 0.1% | 2 |
| NATIONAL FUEL GAS CO | [NFG](https://holderbook.com/stocks/NFG/) | $673.5K | 8,723 | 0.1% | 7 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $643.4K | 4,390 | 0.1% | 30 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $638.1K | 7,270 | 0.1% | 31 |
| INVESCO EXCHANGE TRADED FD T | [XSVM](https://holderbook.com/stocks/XSVM/) | $632.9K | 9,094 | 0.1% | 25 |
| INVESCO EXCHANGE TRADED FD T | [XMVM](https://holderbook.com/stocks/XMVM/) | $620.5K | 8,749 | 0.1% | 25 |
| ISHARES INC | [ACWV](https://holderbook.com/stocks/ACWV/) | $620.4K | 5,160 | 0.1% | 19 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $615.6K | 7,351 | 0.1% | 31 |
| SPDR SERIES TRUST | [XAR](https://holderbook.com/stocks/XAR/) | $613.0K | 2,160 | 0.1% | 11 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $566.2K | 4,820 | 0.1% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $548.8K | 2,181 | 0.1% | 15 |
| ISHARES TR | [IUSG](https://holderbook.com/stocks/IUSG/) | $545.5K | 2,900 | 0.1% | 31 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $523.3K | 18,071 | 0.1% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $500.1K | 1,418 | 0.1% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $497.8K | 4,395 | 0.1% | 25 |
| ISHARES TR | [XJH](https://holderbook.com/stocks/XJH/) | $491.5K | 9,425 | 0.1% | 15 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $488.4K | 1,175 | 0.1% | 31 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $482.2K | 923 | 0.1% | 29 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $478.4K | 1,354 | 0.1% | 9 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $464.3K | 926 | 0.1% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VSS](https://holderbook.com/stocks/VSS/) | $455.0K | 2,949 | 0.1% | 5 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $454.2K | 13,643 | 0.1% | 9 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $436.7K | 11,845 | 0.1% | 31 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $433.3K | 2,742 | 0.1% | 19 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $412.1K | 2,278 | 0.1% | 31 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $411.1K | 1,194 | 0.1% | 25 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $409.7K | 1,613 | 0.1% | 4 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $404.9K | 1,440 | 0.1% | 30 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $404.5K | 4,731 | 0.1% | 9 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +13.3% | +14.8% | -1.5% | 100% |
| Q1 2026 | +0.7% | -4.6% | +5.3% | 100% |
| Q4 2025 | +1.5% | +2.4% | -0.8% | 100% |
| Q3 2025 | +5.9% | +7.8% | -1.9% | 100% |
| Q2 2025 | +7.4% | +10.5% | -3.0% | 100% |
| Q1 2025 | +0.7% | -4.6% | +5.3% | 100% |
| Q4 2024 | -2.6% | +2.1% | -4.7% | 100% |
| Q3 2024 | +7.0% | +5.4% | +1.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $670.8M | 125 |
| Q1 2026 | $610.2M | 132 |
| Q4 2025 | $595.5M | 132 |
| Q3 2025 | $587.6M | 131 |
| Q2 2025 | $552.1M | 128 |
| Q1 2025 | $501.4M | 128 |
| Q4 2024 | $492.2M | 132 |
| Q3 2024 | $502.0M | 130 |
| Q2 2024 | $481.6M | 118 |
| Q1 2024 | $470.0M | 107 |
| Q4 2023 | $439.1M | 101 |
| Q3 2023 | $395.8M | 100 |