ACM

Armbruster Capital Management Portfolio holdings

AUM $501M

AUM

$501M

AUM Growth

+$9.24M (+2%)

Cap. Flow

+$7.62M

Cap. Flow % of AUM

1.52%

Top 10 Holdings %Top 10 Hldgs %

54.92%

Holding

135

New

Increased

Reduced

Closed

Top Buys

1	Invesco S&P 500 Low Volatility ETF SPLV	$1.46M
2	iShares MSCI USA Momentum Factor ETF MTUM	$894K
3	Vanguard US Quality Factor ETF VFQY	$767K
4	iShares MSCI USA Quality Factor ETF QUAL	$678K
5	Invesco S&P SmallCap Momentum ETF XSMO	$590K

Top Sells

1	iShares Core S&P 500 ETF IVV	$811K
2	Vanguard Real Estate ETF VNQ	$767K
3	National Fuel Gas NFG	$594K
4	Exxon Mobil XOM	$410K
5	iShares Russell 3000 ETF IWV	$338K

Sector Composition

1	Technology	1.92%
2	Financials	0.9%
3	Healthcare	0.57%
4	Consumer Staples	0.57%
5	Energy	0.55%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 iShares Core S&P Mid-Cap ETF IJH $92.1B	$4.91M	0.98%	84,104 +455	+0.5%	+$26.5K
27	27 Dimensional International Value ETF DFIV $11.8B	$3.84M	0.77%	97,520 -2,525	-3%	-$99.4K
28	28 Vanguard S&P 500 ETF VOO $665B	$3.7M	0.74%	7,194 +864	+14%	+$444K
29	29 Vanguard Mid-Cap ETF VO $80B	$3.21M	0.64%	12,427 +704	+6%	+$182K
30	30 Invesco S&P International Developed Low Volatility ETF IDLV $401M	$3.21M	0.64%	105,925 -301	-0.3%	-$9.13K
31	31 Vanguard FTSE Developed Markets ETF VEA $160B	$2.95M	0.59%	58,030 -766	-1%	-$38.9K
32	32 Paychex PAYX $55.2B	$2.93M	0.58%	18,987 -841	-4%	-$130K
33	33 Avantis Emerging Markets Equity ETF AVEM $10.2B	$2.81M	0.56%	46,740 +7,850	+20%	+$472K
34	34 Avantis International Equity ETF AVDE $7.14B	$2.73M	0.54%	41,182 +7,790	+23%	+$516K
35	35 iShares Core S&P Small-Cap ETF IJR $77.4B	$2.42M	0.48%	23,100 -765	-3%	-$80K
36	36 Berkshire Hathaway Class B BRK.B $1.05T	$2.31M	0.46%	4,329 -43	-1%	-$22.9K
37	37 Avantis US Large Cap Value ETF AVLV $7.27B	$2.24M	0.45%	34,310 +1,580	+5%	+$103K
38	38 Apple AAPL $2.93T	$2.02M	0.4%	9,107 +110	+1%	+$24.4K
39	39 Vanguard ESG US Stock ETF ESGV $10.2B	$2M	0.4%	20,440 +68	+0.3%	+$6.66K
40	40 JPMorgan Chase JPM $736B	$1.76M	0.35%	7,178 -433	-6%	-$106K
41	41 SPDR S&P 500 ESG ETF EFIV $1.1B	$1.7M	0.34%	31,804 +1,074	+3%	+$57.5K
42	42 iShares MSCI USA Small-Cap Min Vol Factor ETF SMMV $310M	$1.67M	0.33%	40,275 +575	+1%	+$23.8K
43	43 Vanguard FTSE Emerging Markets ETF VWO $87.7B	$1.51M	0.3%	33,265	–	–
44	44 Microsoft MSFT $3.53T	$1.49M	0.3%	3,974 -46	-1%	-$17.3K
45	45 Broadstone Net Lease BNL $3.05B	$1.29M	0.26%	75,554	–	–
46	46 Exxon Mobil XOM $483B	$1.29M	0.26%	10,822 -3,446	-24%	-$410K
47	47 Schwab US Large- Cap ETF SCHX $54.4B	$1.23M	0.25%	55,820 +11,955	+27%	+$264K
48	48 Invesco QQQ Trust QQQ $339B	$1.22M	0.24%	2,606 -8	-0.3%	-$3.75K
49	49 National Fuel Gas NFG $7.6B	$1.17M	0.23%	14,732 -7,500	-34%	-$594K
50	50 iShares ESG Aware MSCI EAFE ETF ESGD $9.67B	$1.01M	0.2%	12,407 +375	+3%	+$30.6K