Institutional Manager · CIK 0001664847

Armbruster Capital Management, Inc.

PITTSFORD, NY · File #028-17077

Latest AUM

$595.5M

Positions

132

Top-10 Concentration

60.7%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	ISHARES TR	464287200	-2,913	-$2.0M	+$149,331
REDUCE	SPDR DOW JONES INDL AVERAGE	78467X109	-4,145	-$2.0M	+$85,294
ADD	INVESCO EXCH TRADED FD TR II	IVZ	+21,735	+$1.6M	-$993,726
ADD	VANGUARD INDEX FDS	922908363	+1,378	+$864,185	+$134,889
REDUCE	VANGUARD WELLINGTON FD	921935508	-2,759	-$527,659	-$16,497
ADD	INVESCO EXCH TRADED FD TR II	IVZ	+10,986	+$509,421	+$14,255
NEW	GRAYSCALE BITCOIN MINI TR ET	389930207	+12,808	+$496,054	$0
REDUCE	ISHARES BITCOIN TRUST ETF	IBIT	-9,395	-$466,462	-$233,903
ADD	ISHARES TR	46432F339	+1,886	+$374,597	+$671,598
REDUCE	INVESCO EXCHANGE TRADED FD T	IVZ	-2,721	-$323,592	+$60,684

Sector Allocation

21.0%$125.3M

1.5%$9.1M

0.5%$3.0M

0.4%$2.4M

0.4%$2.3M

0.3%$2.0M

Consumer Discretionary

0.2%$1.2M

Consumer Staples

0.1%$923,858

Communication Services

0.1%$397,374

Materials

0.1%$386,892

Filing History

Jan 23, 202613F HOLDINGS REPORTQ/E Dec 2025132 pos · $595.5M
Oct 20, 202513F HOLDINGS REPORTQ/E Sep 2025131 pos · $587.6M
Jul 23, 202513F HOLDINGS REPORTQ/E Jun 2025128 pos · $552.1M
Apr 16, 202513F HOLDINGS REPORTQ/E Mar 2025128 pos · $501.4M
Jan 22, 202513F HOLDINGS REPORTQ/E Dec 2024132 pos · $492.2M
Nov 4, 202413F HOLDINGS REPORTQ/E Sep 2024130 pos · $502.0M
Jul 29, 202413F HOLDINGS REPORTQ/E Jun 2024118 pos · $481.6M
May 7, 202413F HOLDINGS REPORTQ/E Mar 2024107 pos · $470.0M
Oct 17, 202313F HOLDINGS REPORTQ/E Dec 2023100 pos · $395.8M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD WELLINGTON FD	921935805	428,220	$56.9M	10.34%
2	ISHARES TR	46432F396	212,122	$53.1M	9.66%
3	INVESCO EXCHANGE TRADED FD T	IVZ	354,464	$36.6M	6.67%
4	INVESCO EXCH TRADED FD TR II	IVZ	504,129	$36.0M	6.55%
5	ISHARES TR	46432F339	164,914	$32.8M	5.96%
6	VANGUARD WELLINGTON FD	921935706	186,040	$28.5M	5.19%
7	ISHARES TR	46435G409	694,130	$26.4M	4.81%
8	ISHARES TR	46434V449	454,137	$21.8M	3.96%
9	ISHARES TR	46434V456	469,056	$21.3M	3.88%
10	AMERICAN CENTY ETF TR	025072372	347,503	$20.3M	3.69%
11	ISHARES TR	46429B689	219,293	$18.9M	3.44%
12	ISHARES TR	46429B697	164,178	$15.5M	2.81%
13	INVESCO EXCHANGE TRADED FD T	IVZ	199,652	$14.4M	2.62%
14	ISHARES TR	46432F842	155,248	$13.9M	2.53%
15	INVESCO EXCH TRADED FD TR II	IVZ	248,561	$11.5M	2.10%
16	INVESCO EXCH TRADED FD TR II	IVZ	167,123	$9.5M	1.74%
17	VANGUARD WELLINGTON FD	921935508	44,991	$8.6M	1.57%
18	VANGUARD INDEX FDS	922908637	26,192	$8.2M	1.50%
19	INVESCO EXCHANGE TRADED FD T	IVZ	65,922	$7.8M	1.43%
20	ISHARES INC	46434G889	132,702	$7.7M	1.40%