Arrow Financial Corp

Glens Falls, NY · CIK 717538 · 13F filing filed 2023-02-02

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityArrow Financial Corporation (US)

Other 13F filers in this group: Arrow Bank National Association files a notice

$737.2m reported value +7.5% vs Q3 2022

333positions

46.9%in top 10

2 new 56 added 110 reduced 8 sold out vs Q3 2022

This report includes the holdings of 2 other managers that share the investment decisions:

Arrow Bank National Association – reports through this filing
NORTH COUNTRY INVESTMENT ADVISERS, INC. – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q4 2022

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	253,433	$89.0m12.08%	12.08%	Reduced -4.2k	-4,239 -1.6%
2	ARROW FINL CORP COM AROW	AROW	1,599,639	$54.2m7.36%	7.36%	Added +23.2k	+23,241 1.5%
3	ISHARES TR CORE S&P MCP ETF IJH	IJH	182,388	$44.1m5.98%	5.98%	Added +5.7k	+5,743 3.2%
4	ISHARES TR CORE S&P SCP ETF IJR	IJR	377,516	$35.7m4.85%	4.85%	Added +10.9k	+10,887 3.0%
5	VANGUARD INDEX FDS MID CAP ETF VO	VO	154,910	$31.6m4.28%	4.28%	Reduced -10.4k	-10,391 -6.3%
6	ISHARES TR CORE MSCI INTL IDEV	IDEV	531,572	$29.8m4.04%	4.04%	Reduced -91.7k	-91,692 -14.7%
7	APPLE INC COM AAPL	AAPL	130,754	$17.0m2.30%	2.30%	Reduced -3.8k	-3,789 -2.8%
8	MICROSOFT CORP COM MSFT	MSFT	66,818	$16.0m2.17%	2.17%	Reduced -865	-865 -1.3%
9	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	59,014	$15.7m2.13%	2.13%	Added +5.3k	+5,280 9.8%
10	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	169,853	$12.8m1.73%	1.73%	Reduced -4.0k	-3,958 -2.3%
11	VANGUARD INDEX FDS SMALL CP ETF VB	VB	66,472	$12.2m1.66%	1.66%	Reduced -3.6k	-3,578 -5.1%
12	ALPHABET INC CAP STK CL A GOOGL	GOOGL	103,453	$9.1m1.24%	1.24%	Reduced -606	-606 -0.6%
13	VISA INC COM CL A V	V	40,832	$8.5m1.15%	1.15%	Reduced -15.6k	-15,568 -27.6%
14	JOHNSON & JOHNSON COM JNJ	JNJ	47,700	$8.4m1.14%	1.14%	Reduced -232	-232 -0.5%
15	ISHARES TR IBONDS DEC23 ETF IBONDS DEC23 ETF		312,611	$7.8m1.06%	1.06%	Reduced -21.0k	-20,989 -6.3%
16	ISHARES TR IBONDS DEC25 ETF IBDQ	IBDQ	320,924	$7.8m1.06%	1.06%	Reduced -13.2k	-13,224 -4.0%
17	ISHARES TR IBONDS DEC24 ETF IBDP	IBDP	318,100	$7.8m1.05%	1.05%	Reduced -14.1k	-14,112 -4.2%
18	JPMORGAN CHASE & CO COM JPM	JPM	57,521	$7.7m1.05%	1.05%	Reduced -140	-140 -0.2%
19	HOME DEPOT INC COM HD	HD	24,191	$7.6m1.04%	1.04%	Reduced -3.7k	-3,674 -13.2%
20	ISHARES TR IBONDS DEC2026 IBDR	IBDR	327,044	$7.6m1.04%	1.04%	Reduced -17.3k	-17,292 -5.0%
21	ISHARES TR IBONDS 27 ETF IBDS	IBDS	320,526	$7.5m1.02%	1.02%	Reduced -10.3k	-10,337 -3.1%
22	ISHARES TR IBDS DEC28 ETF IBDT	IBDT	301,987	$7.3m1.00%	1.00%	Reduced -10.8k	-10,784 -3.5%
23	AMAZON COM INC COM AMZN	AMZN	77,802	$6.5m0.89%	0.89%	Reduced -7.3k	-7,301 -8.6%
24	UNITEDHEALTH GROUP INC COM UNH	UNH	12,274	$6.5m0.88%	0.88%	Reduced -1.1k	-1,063 -8.0%
25	ISHARES TR IBONDS DEC 29 IBDU	IBDU	290,378	$6.4m0.87%	0.87%	Added +194.5k	+194,513 202.9%
26	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	20,826	$6.4m0.87%	0.87%	Reduced -4	-4 -0.0%
27	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	11,409	$6.3m0.85%	0.85%	Reduced -100	-100 -0.9%
28	PFIZER INC COM PFE	PFE	120,142	$6.2m0.84%	0.84%	Reduced -794	-794 -0.7%
29	PROCTER AND GAMBLE CO COM PG	PG	38,289	$5.8m0.79%	0.79%	Reduced -119	-119 -0.3%
30	ISHARES TR IBONDS DEC 2030 IBDV	IBDV	278,501	$5.8m0.79%	0.79%	Added +198.0k	+197,992 245.9%
31	ISHARES TR IBONDS DEC 2031 IBDW	IBDW	289,959	$5.8m0.78%	0.78%	Added +219.3k	+219,259 310.1%
32	ADOBE INC COM ADBE	ADBE	16,884	$5.7m0.77%	0.77%	Added +47	+47 0.3%
33	ORACLE CORP COM ORCL	ORCL	68,268	$5.6m0.76%	0.76%	Reduced -715	-715 -1.0%
34	EXXON MOBIL CORP COM XOM	XOM	50,258	$5.5m0.75%	0.75%	Reduced -1.5k	-1,547 -3.0%
35	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	14,453	$5.5m0.75%	0.75%	Reduced -1.4k	-1,356 -8.6%
36	HONEYWELL INTL INC COM COM		24,436	$5.2m0.71%	0.71%	Reduced -221	-221 -0.9%
37	STRYKER CORPORATION COM SYK	SYK	20,922	$5.1m0.69%	0.69%	Added +88	+88 0.4%
38	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	49,634	$5.1m0.69%	0.69%	Reduced -30	-30 -0.1%
39	BLACKROCK INC COM BLK	BLK	7,118	$5.0m0.68%	0.68%	Unchanged
40	ISHARES TR CORE US AGGBD ET AGG	AGG	51,952	$5.0m0.68%	0.68%	Reduced -3.1k	-3,114 -5.7%
41	PEPSICO INC COM PEP	PEP	26,664	$4.8m0.65%	0.65%	Reduced -184	-184 -0.7%
42	ABBOTT LABS COM ABT	ABT	41,729	$4.6m0.62%	0.62%	Added +454	+454 1.1%
43	ISHARES TR ISHS 1-5YR INVS IGSB	IGSB	89,946	$4.5m0.61%	0.61%	Reduced -3.8k	-3,765 -4.0%
44	ISHARES TR NEW YORK MUN ETF NYF	NYF	84,967	$4.5m0.60%	0.60%	Added +25.1k	+25,084 41.9%
45	BANK AMERICA CORP COM BAC	BAC	133,143	$4.4m0.60%	0.60%	Added +2.9k	+2,894 2.2%
46	CISCO SYS INC COM CSCO	CSCO	91,981	$4.4m0.59%	0.59%	Added +458	+458 0.5%
47	TJX COS INC NEW COM TJX	TJX	54,215	$4.3m0.59%	0.59%	Reduced -2.7k	-2,658 -4.7%
48	AMGEN INC COM AMGN	AMGN	15,554	$4.1m0.55%	0.55%	Reduced -1.7k	-1,705 -9.9%
49	SALESFORCE INC COM CRM	CRM	30,360	$4.0m0.55%	0.55%	Added +4.7k	+4,693 18.3%
50	COSTCO WHSL CORP NEW COM COST	COST	8,568	$3.9m0.53%	0.53%	Added +150	+150 1.8%
51	UNION PAC CORP COM UNP	UNP	18,646	$3.9m0.52%	0.52%	Reduced -48	-48 -0.3%
52	DOLLAR TREE INC COM DLTR	DLTR	25,870	$3.7m0.50%	0.50%	Reduced -600	-600 -2.3%
53	WALMART INC COM WMT	WMT	25,306	$3.6m0.49%	0.49%	Reduced -156	-156 -0.6%
54	DISNEY WALT CO COM DIS	DIS	40,502	$3.5m0.48%	0.48%	Added +5.4k	+5,423 15.5%
55	CHEVRON CORP NEW COM CVX	CVX	19,058	$3.4m0.46%	0.46%	Reduced -359	-359 -1.9%
56	CATERPILLAR INC COM CAT	CAT	14,114	$3.4m0.46%	0.46%	Reduced -301	-301 -2.1%
57	QUALCOMM INC COM QCOM	QCOM	30,210	$3.3m0.45%	0.45%	Reduced -533	-533 -1.7%
58	DANAHER CORPORATION COM DHR	DHR	11,691	$3.1m0.42%	0.42%	Added +404	+404 3.6%
59	MCDONALDS CORP COM MCD	MCD	11,615	$3.1m0.42%	0.42%	Added +6	+6 0.1%
60	ACTIVISION BLIZZARD INC COM ATVI	ATVI	38,562	$3.0m0.40%	0.40%	Added +476	+476 1.2%
61	WASTE MGMT INC DEL COM WM	WM	18,469	$2.9m0.39%	0.39%	Added +2.7k	+2,675 16.9%
62	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	39,138	$2.8m0.38%	0.38%	Reduced -151	-151 -0.4%
63	AMPHENOL CORP CL A APH	APH	35,467	$2.7m0.37%	0.37%	New
64	WILLIAMS COS INC COM WMB	WMB	81,535	$2.7m0.36%	0.36%	Added +2.4k	+2,415 3.0%
65	MASTERCARD INCORPORATED CL A MA	MA	7,644	$2.7m0.36%	0.36%	Reduced -135	-135 -1.7%
66	NVIDIA CORPORATION COM NVDA	NVDA	18,171	$2.7m0.36%	0.36%	Added +1.5k	+1,507 9.0%
67	PAYCHEX INC COM PAYX	PAYX	22,622	$2.6m0.35%	0.35%	Reduced -601	-601 -2.6%
68	MASCO CORP COM MAS	MAS	53,623	$2.5m0.34%	0.34%	Added +1.4k	+1,377 2.6%
69	SYSCO CORP COM SYY	SYY	31,201	$2.4m0.32%	0.32%	Reduced -34	-34 -0.1%
70	NETFLIX INC COM NFLX	NFLX	7,860	$2.3m0.31%	0.31%	Reduced -842	-842 -9.7%
71	UNITED PARCEL SERVICE INC CL B UPS	UPS	13,086	$2.3m0.31%	0.31%	Reduced -27	-27 -0.2%
72	GENERAL DYNAMICS CORP COM GD	GD	8,660	$2.1m0.29%	0.29%	Reduced -203	-203 -2.3%
73	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	17,234	$2.1m0.29%	0.29%	Added +613	+613 3.7%
74	STARBUCKS CORP COM SBUX	SBUX	21,565	$2.1m0.29%	0.29%	Reduced -728	-728 -3.3%
75	SELECT SECTOR SPDR TR SBI MATERIALS XLB	XLB	26,230	$2.0m0.28%	0.28%	Reduced -1.2k	-1,219 -4.4%
76	TRAVELERS COMPANIES INC COM TRV	TRV	10,199	$1.9m0.26%	0.26%	Reduced -162	-162 -1.6%
77	LOWES COS INC COM LOW	LOW	9,396	$1.9m0.25%	0.25%	Reduced -1.0k	-1,035 -9.9%
78	MORGAN STANLEY COM NEW MS	MS	21,893	$1.9m0.25%	0.25%	Reduced -77	-77 -0.3%
79	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	7,729	$1.8m0.25%	0.25%	Added +521	+521 7.2%
80	COCA COLA CO COM KO	KO	28,005	$1.8m0.24%	0.24%	Added +320	+320 1.2%
81	SHERWIN WILLIAMS CO COM SHW	SHW	6,844	$1.6m0.22%	0.22%	Unchanged
82	CUMMINS INC COM CMI	CMI	6,700	$1.6m0.22%	0.22%	Reduced -604	-604 -8.3%
83	CONOCOPHILLIPS COM COP	COP	13,587	$1.6m0.22%	0.22%	Added +476	+476 3.6%
84	LYONDELLBASELL INDUSTRIES N SHS - A - LYB	LYB	19,279	$1.6m0.22%	0.22%	Added +146	+146 0.8%
85	ALPHABET INC CAP STK CL C GOOG	GOOG	17,710	$1.6m0.21%	0.21%	Reduced -500	-500 -2.8%
86	VERIZON COMMUNICATIONS INC COM VZ	VZ	39,472	$1.6m0.21%	0.21%	Reduced -25.1k	-25,067 -38.8%
87	YUM BRANDS INC COM YUM	YUM	11,812	$1.5m0.21%	0.21%	Reduced -605	-605 -4.9%
88	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	10,311	$1.4m0.19%	0.19%	Reduced -485	-485 -4.5%
89	TEXAS INSTRS INC COM TXN	TXN	8,388	$1.4m0.19%	0.19%	Reduced -1.4k	-1,388 -14.2%
90	NEXTERA ENERGY INC COM NEE	NEE	16,403	$1.4m0.19%	0.19%	Reduced -179	-179 -1.1%
91	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	18,509	$1.3m0.18%	0.18%	Added +1.3k	+1,305 7.6%
92	DOMINOS PIZZA INC COM DPZ	DPZ	3,800	$1.3m0.18%	0.18%	Reduced -1.3k	-1,300 -25.5%
93	ISHARES TR NATIONAL MUN ETF MUB	MUB	11,961	$1.3m0.17%	0.17%	Added +2.0k	+2,001 20.1%
94	ABBVIE INC COM ABBV	ABBV	7,749	$1.3m0.17%	0.17%	Reduced -91	-91 -1.2%
95	CONSTELLATION BRANDS INC CL A STZ	STZ	5,299	$1.2m0.17%	0.17%	Reduced -40	-40 -0.8%
96	US BANCORP DEL COM NEW USB	USB	25,817	$1.1m0.15%	0.15%	Added +167	+167 0.7%
97	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	32,395	$1.1m0.15%	0.15%	Reduced -535	-535 -1.6%
98	AT&T INC COM T	T	59,681	$1.1m0.15%	0.15%	Added +38.1k	+38,091 176.4%
99	MERCK & CO INC COM MRK	MRK	9,893	$1.1m0.15%	0.15%	Reduced -415	-415 -4.0%
100	PAYPAL HLDGS INC COM PYPL	PYPL	15,297	$1.1m0.15%	0.15%	Reduced -1.5k	-1,547 -9.2%

Sold out since Q3 2022

Security	Ticker	Shares held before	Value then
ISHARES TR		285,251	$7.1m285.3k shares
TWITTER INC TWTR	TWTR	20,015	$878.0k20.0k shares
ISHARES TR		1,270	$31.0k1.3k shares
COTERRA ENERGY INC CTRA	CTRA	300	$8.0k300 shares
JABIL INC JBL	JBL	100	$6.0k100 shares
VONTIER CORPORATION VNT	VNT	176	$3.0k176 shares
CHUBB LIMITED CB	CB	10	$2.0k10 shares
CARLOTZ INC		750	$0750 shares