International Business Machines Corporation
MX ˙ BMV ˙ US4592001014
SecurityMX:IBM / International Business Machines Corporation
InstitutionArmbruster Capital Management, Inc.
Latest Disclosed Ownership1,505 shares
Latest Disclosed Value $ 364,797
Armbruster Capital Management, Inc. ownership in IBM / International Business Machines Corporation

On April 21, 2026 - Armbruster Capital Management, Inc. filed a 13F-HR form disclosing ownership of 1,505 shares of International Business Machines Corporation (MX:IBM) valued at $364,797 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 23, 2026 disclosing 1,505 shares of International Business Machines Corporation. This represents a change in shares of 0.00% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-21 2026-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,505 0 0.00 365 -18.20 0.0598
2026-01-23 2025-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,505 -13 -0.86 446 3.97 0.0749
2025-10-20 2025-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,518 -33 -2.13 428 -6.35 0.0729
2025-07-23 2025-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,551 33 2.17 457 21.22 0.0828
2025-04-16 2025-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,518 0 0.00 377 13.21 0.0753
2025-01-22 2024-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,518 325 27.24 334 26.62 0.0678
2024-11-04 2024-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,193 -1,307 -52.28 264 -39.12 0.0525
2024-07-29 2024-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,500 56 2.29 432 -7.30 0.0898
2024-05-07 2024-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,444 0 0.00 467 16.79 0.0993
2024-02-01 2023-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,444 0 0.00 400 16.67 0.0910
2023-10-17 2023-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,444 0 0.00 343 4.59 0.0866
2023-08-03 2023-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,444 0 0.00 327 2.19 0.0805
2023-05-09 2023-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,444 0 0.00 320 -6.98 0.0818
2023-02-13 2022-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,444 0 0.00 344 18.62 0.0893
2022-11-16 2022-09-30 13F/A-1 INTERNATIONAL BUSINESS MACHS COM 459200101 2,444 0 0.00 290 -15.94 0.0827
2022-10-19 2022-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,444 0 290 0.0827
2022-08-01 2022-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,444 120 5.16 345 14.24 0.0933
2022-05-05 2022-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,324 0 0.00 302 -2.89 0.0727
2022-02-15 2021-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,324 0 0.00 311 -3.72 0.0712
2021-10-21 2021-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,324 0 0.00 323 -5.28 0.0923
2021-08-06 2021-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,324 0 0.00 341 10.00 0.0962
2021-04-29 2021-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,324 0 0.00 310 5.80 0.0918
2021-02-12 2020-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,324 0 0.00 293 3.53 0.0984
2020-10-30 2020-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,324 0 0.00 283 0.71 0.1088
2020-08-10 2020-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,324 0 0.00 281 8.91 0.1127
2020-05-08 2020-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,324 0 0.00 258 -17.31 0.1216
2020-02-12 2019-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,324 0 0.00 312 -7.69 0.1194
2019-11-08 2019-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,324 0 0.00 338 5.63 0.1402
2019-07-18 2019-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,324 -185 -7.37 320 -9.60 0.1342
2019-04-16 2019-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,509 2,509 354 0.1531
2019-01-28 2018-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 0 -1,389 -100.00 0 -100.00
2018-10-22 2018-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,389 1,389 210 0.0918
2018-07-30 2018-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 0 -1,429 -100.00 0 -100.00
2018-04-18 2018-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,429 -400 -21.87 219 -22.06 0.1388
2018-02-02 2017-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 1,829 344 23.16 281 30.70 0.1285
2017-11-08 2017-09-30 13F International Business Machine Equities 459200101 1,485 0 0.00 215 -5.70 0.1102
2017-08-01 2017-06-30 13F International Business Machine Equities 459200101 1,485 -75 -4.81 228 -16.18 0.1232
2017-05-08 2017-03-31 13F International Business Machine Equities 459200101 1,560 -40 -2.50 272 2.26 0.1518
2017-02-06 2016-12-31 13F International Business Machine Equities 459200101 1,600 -40 -2.44 266 1.92 0.1559
2016-10-25 2016-09-30 13F International Business Machine Equities 459200101 1,640 0 0.00 261 4.82 0.1616
2016-07-29 2016-06-30 13F International Business Machine Equities 459200101 1,640 0 0.00 249 0.40 0.1612
2016-05-03 2016-03-31 13F International Business Machine Equities 459200101 1,640 0 0.00 248 9.73 0.1695
2016-01-26 2015-12-31 13F International Business Machine Equities 459200101 1,640 1,640 226 0.2017
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.