Armbruster Capital Management, Inc.
Long book
$610.2M
Q1 2026
Positions
132
Top-10 weight
56%
concentration
Last quarter
+13.1%
SPY +14.8%
Turnover
7%
of book per quarter
Strategy in plain words
auto-generated from filingsArmbruster Capital Management, Inc. is a wealth-management firm allocating client money, running a $610.2M US long book across 132 positions.
The portfolio is concentrated: the top 10 names carry 56% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: VANGUARD U.S. VALUE FACTOR, ISHARES MSCI USA MOMENTUM FA, INVESCO S&P 500 PURE VALUE E, INVESCO S&P 500 LOW VOLATILI, ISHARES MSCI USA QUALITY FAC.
Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.2%
Q2 2024
+7.4%
Q3 2024
-1.8%
Q4 2024
+1.0%
Q1 2025
+8.2%
Q2 2025
+6.3%
Q3 2025
+2.4%
Q4 2025
+0.9%
Q1 2026
+13.1%
Sector allocation
Technology 28%
Financials 17%
Industrials 12%
Healthcare 8%
Consumer discretionary 8%
Energy 8%
Services media 6%
Consumer staples 5%
Long book by quarter
What does Armbruster Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 4.9K | $2.4M | 0.4% | +3.7% |
| AAPL APPLE INC | Technology | 8.7K | $2.2M | 0.4% | +2.7% |
| JPM JPMORGAN CHASE & CO | Financials | 7.1K | $2.1M | 0.3% | +0.4% |
| XOM EXXON MOBIL CORP | Energy | 11.2K | $1.9M | 0.3% | -0.9% |
| PAYX PAYCHEX INC | Services media | 20.3K | $1.9M | 0.3% | +0.5% |
| MSFT MICROSOFT CORP | Technology | 3.2K | $1.2M | 0.2% | -2.0% |
| PH PARKER HANNIFIN CORP | Industrials | 1.2K | $1.0M | 0.2% | Held |
| INTC INTEL CORP | Technology | 22.1K | $976K | 0.2% | -1.8% |
| AVGO BROADCOM INC | Technology | 3.0K | $932K | 0.2% | Held |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 5.6K | $929K | 0.2% | +0.4% |
| GOOGL ALPHABET INC-CL A | Technology | 2.9K | $826K | 0.1% | -4.0% |
| NFG NATIONAL FUEL GAS CO | Utilities | 8.7K | $820K | 0.1% | +96.8% |
| AMGN AMGEN INC | Healthcare | 2.0K | $697K | 0.1% | -5.5% |
| NEE NEXTERA ENERGY INC | Utilities | 7.3K | $675K | 0.1% | -1.2% |
| ORCL ORACLE CORP | Technology | 4.4K | $649K | 0.1% | Held |
| GE GENERAL ELECTRIC | Industrials | 2.2K | $611K | 0.1% | Held |
| UNP UNION PACIFIC CORP | Industrials | 2.3K | $568K | 0.1% | Held |
| MRK MERCK & CO. INC. | Healthcare | 4.7K | $564K | 0.1% | +9.3% |
| WMT WALMART INC | Consumer discretionary | 4.4K | $546K | 0.1% | Held |
| ABBV ABBVIE INC | Healthcare | 2.2K | $474K | 0.1% | +1.3% |
| KO COCA-COLA CO/THE | Consumer staples | 6.2K | $472K | 0.1% | Held |
| GEV GE VERNOVA INC | Industrials | 536 | $468K | 0.1% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 1.4K | $466K | 0.1% | -5.3% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 926 | $455K | 0.1% | Held |
| CVX CHEVRON CORP | Energy | 2.0K | $419K | 0.1% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 2.8K | $409K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 21, 2026 | 132 | $610.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 23, 2026 | 132 | $595.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 20, 2025 | 131 | $587.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 23, 2025 | 128 | $552.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 16, 2025 | 128 | $501.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 22, 2025 | 132 | $492.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 4, 2024 | 130 | $502.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 29, 2024 | 118 | $481.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 107 | $470.0M | canonical | SEC ↗ |