Arrow Financial Corp

Glens Falls, NY · CIK 717538 · 13F filing filed 2023-05-03

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

Kindbank or insurer
Others nearbyGlens Falls, NY
FamilyArrow Financial Corp · 2 related pages

$767.3m reported value +4.1% vs Q4 2022

324positions

45.9%in top 10

3 new 65 added 115 reduced 12 sold out vs Q4 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, Q1 2023

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	241,972	$91.0m11.86%	11.86%	Reduced -11.5k	-11,461 -4.5%
2	ISHARES TR CORE S&P MCP ETF IJH	IJH	184,929	$46.3m6.03%	6.03%	Added +2.5k	+2,541 1.4%
3	ISHARES TR CORE S&P SCP ETF IJR	IJR	440,560	$42.6m5.55%	5.55%	Added +63.0k	+63,044 16.7%
4	ARROW FINL CORP COM AROW	AROW	1,576,741	$39.3m5.12%	5.12%	Reduced -22.9k	-22,898 -1.4%
5	VANGUARD INDEX FDS MID CAP ETF VO	VO	149,471	$31.5m4.11%	4.11%	Reduced -5.4k	-5,439 -3.5%
6	ISHARES TR CORE MSCI INTL IDEV	IDEV	504,226	$30.5m3.97%	3.97%	Reduced -27.3k	-27,346 -5.1%
7	APPLE INC COM AAPL	AAPL	128,622	$21.2m2.76%	2.76%	Reduced -2.1k	-2,132 -1.6%
8	MICROSOFT CORP COM MSFT	MSFT	66,352	$19.1m2.49%	2.49%	Reduced -466	-466 -0.7%
9	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	58,851	$18.9m2.46%	2.46%	Reduced -163	-163 -0.3%
10	VANGUARD INDEX FDS SMALL CP ETF VB	VB	63,967	$12.1m1.58%	1.58%	Reduced -2.5k	-2,505 -3.8%
11	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	153,786	$11.7m1.53%	1.53%	Reduced -16.1k	-16,067 -9.5%
12	ALPHABET INC CAP STK CL A GOOGL	GOOGL	95,368	$9.9m1.29%	1.29%	Reduced -8.1k	-8,085 -7.8%
13	VISA INC COM CL A V	V	40,535	$9.1m1.19%	1.19%	Reduced -297	-297 -0.7%
14	ISHARES TR IBONDS 24 TRM HG IBHD	IBHD	388,629	$9.0m1.17%	1.17%	Added +382.0k	+381,991 5754.6%
15	ISHARES TR IBONDS DEC2026 IBDR	IBDR	347,216	$8.2m1.07%	1.07%	Added +20.2k	+20,172 6.2%
16	ISHARES TR IBONDS DEC23 ETF IBONDS DEC23 ETF		324,177	$8.2m1.06%	1.06%	Added +11.6k	+11,566 3.7%
17	ISHARES TR IBONDS DEC24 ETF IBDP	IBDP	331,312	$8.1m1.06%	1.06%	Added +13.2k	+13,212 4.2%
18	ISHARES TR IBONDS DEC25 ETF IBDQ	IBDQ	328,390	$8.1m1.05%	1.05%	Added +7.5k	+7,466 2.3%
19	ISHARES TR IBONDS 27 ETF IBDS	IBDS	335,567	$8.0m1.04%	1.04%	Added +15.0k	+15,041 4.7%
20	ISHARES TR IBDS DEC28 ETF IBDT	IBDT	314,250	$7.8m1.02%	1.02%	Added +12.3k	+12,263 4.1%
21	AMAZON COM INC COM AMZN	AMZN	75,478	$7.8m1.02%	1.02%	Reduced -2.3k	-2,324 -3.0%
22	ISHARES TR IBONDS DEC 29 IBDU	IBDU	339,064	$7.8m1.01%	1.01%	Added +48.7k	+48,686 16.8%
23	JPMORGAN CHASE & CO COM JPM	JPM	56,674	$7.4m0.96%	0.96%	Reduced -847	-847 -1.5%
24	ISHARES TR IBONDS DEC 2030 IBDV	IBDV	342,249	$7.4m0.96%	0.96%	Added +63.7k	+63,748 22.9%
25	ISHARES TR IBONDS DEC 2031 IBDW	IBDW	353,664	$7.3m0.95%	0.95%	Added +63.7k	+63,705 22.0%
26	HOME DEPOT INC COM HD	HD	24,121	$7.1m0.93%	0.93%	Reduced -70	-70 -0.3%
27	JOHNSON & JOHNSON COM JNJ	JNJ	45,896	$7.1m0.93%	0.93%	Reduced -1.8k	-1,804 -3.8%
28	ADOBE INC COM ADBE	ADBE	17,310	$6.7m0.87%	0.87%	Added +426	+426 2.5%
29	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	11,460	$6.6m0.86%	0.86%	Added +51	+51 0.5%
30	SALESFORCE INC COM CRM	CRM	32,245	$6.4m0.84%	0.84%	Added +1.9k	+1,885 6.2%
31	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	20,748	$6.4m0.83%	0.83%	Reduced -78	-78 -0.4%
32	ORACLE CORP COM ORCL	ORCL	67,793	$6.3m0.82%	0.82%	Reduced -475	-475 -0.7%
33	UNITEDHEALTH GROUP INC COM UNH	UNH	12,302	$5.8m0.76%	0.76%	Added +28	+28 0.2%
34	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	14,173	$5.8m0.76%	0.76%	Reduced -280	-280 -1.9%
35	PROCTER AND GAMBLE CO COM PG	PG	38,087	$5.7m0.74%	0.74%	Reduced -202	-202 -0.5%
36	NVIDIA CORPORATION COM NVDA	NVDA	19,169	$5.3m0.69%	0.69%	Added +998	+998 5.5%
37	STRYKER CORPORATION COM SYK	SYK	18,310	$5.2m0.68%	0.68%	Reduced -2.6k	-2,612 -12.5%
38	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	49,986	$5.2m0.68%	0.68%	Added +352	+352 0.7%
39	EXXON MOBIL CORP COM XOM	XOM	46,688	$5.1m0.67%	0.67%	Reduced -3.6k	-3,570 -7.1%
40	CISCO SYS INC COM CSCO	CSCO	93,864	$4.9m0.64%	0.64%	Added +1.9k	+1,883 2.0%
41	PEPSICO INC COM PEP	PEP	26,521	$4.8m0.63%	0.63%	Reduced -143	-143 -0.5%
42	ISHARES TR IBONDS DEC 2032 IBDX	IBDX	190,965	$4.8m0.62%	0.62%	New
43	BLACKROCK INC COM BLK	BLK	7,148	$4.8m0.62%	0.62%	Added +30	+30 0.4%
44	HONEYWELL INTL INC COM COM		24,506	$4.7m0.61%	0.61%	Added +70	+70 0.3%
45	ISHARES TR CORE US AGGBD ET AGG	AGG	46,306	$4.6m0.60%	0.60%	Reduced -5.6k	-5,646 -10.9%
46	ISHARES TR NEW YORK MUN ETF NYF	NYF	84,139	$4.5m0.59%	0.59%	Reduced -828	-828 -1.0%
47	PFIZER INC COM PFE	PFE	110,011	$4.5m0.58%	0.58%	Reduced -10.1k	-10,131 -8.4%
48	ABBOTT LABS COM ABT	ABT	42,127	$4.3m0.56%	0.56%	Added +398	+398 0.9%
49	TJX COS INC NEW COM TJX	TJX	54,269	$4.3m0.55%	0.55%	Added +54	+54 0.1%
50	ISHARES TR ISHS 1-5YR INVS IGSB	IGSB	81,928	$4.1m0.54%	0.54%	Reduced -8.0k	-8,018 -8.9%
51	COSTCO WHSL CORP NEW COM COST	COST	8,281	$4.1m0.54%	0.54%	Reduced -287	-287 -3.4%
52	DISNEY WALT CO COM DIS	DIS	40,204	$4.0m0.52%	0.52%	Reduced -298	-298 -0.7%
53	QUALCOMM INC COM QCOM	QCOM	30,609	$3.9m0.51%	0.51%	Added +399	+399 1.3%
54	BANK AMERICA CORP COM BAC	BAC	134,439	$3.8m0.50%	0.50%	Added +1.3k	+1,296 1.0%
55	WALMART INC COM WMT	WMT	26,000	$3.8m0.50%	0.50%	Added +694	+694 2.7%
56	CATERPILLAR INC COM CAT	CAT	16,389	$3.8m0.49%	0.49%	Added +2.3k	+2,275 16.1%
57	DOLLAR TREE INC COM DLTR	DLTR	26,115	$3.7m0.49%	0.49%	Added +245	+245 0.9%
58	AMGEN INC COM AMGN	AMGN	15,419	$3.7m0.49%	0.49%	Reduced -135	-135 -0.9%
59	UNION PAC CORP COM UNP	UNP	18,368	$3.7m0.48%	0.48%	Reduced -278	-278 -1.5%
60	ACTIVISION BLIZZARD INC COM ATVI	ATVI	39,292	$3.4m0.44%	0.44%	Added +730	+730 1.9%
61	MCDONALDS CORP COM MCD	MCD	11,687	$3.3m0.43%	0.43%	Added +72	+72 0.6%
62	DANAHER CORPORATION COM DHR	DHR	12,010	$3.0m0.39%	0.39%	Added +319	+319 2.7%
63	WASTE MGMT INC DEL COM WM	WM	18,469	$3.0m0.39%	0.39%	Unchanged
64	AMPHENOL CORP CL A APH	APH	35,467	$2.9m0.38%	0.38%	Unchanged
65	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	39,606	$2.7m0.36%	0.36%	Added +468	+468 1.2%
66	PAYCHEX INC COM PAYX	PAYX	23,890	$2.7m0.36%	0.36%	Added +1.3k	+1,268 5.6%
67	CHEVRON CORP NEW COM CVX	CVX	16,724	$2.7m0.36%	0.36%	Reduced -2.3k	-2,334 -12.2%
68	NETFLIX INC COM NFLX	NFLX	7,810	$2.7m0.35%	0.35%	Reduced -50	-50 -0.6%
69	MASCO CORP COM MAS	MAS	53,414	$2.7m0.35%	0.35%	Reduced -209	-209 -0.4%
70	MASTERCARD INCORPORATED CL A MA	MA	7,182	$2.6m0.34%	0.34%	Reduced -462	-462 -6.0%
71	WILLIAMS COS INC COM WMB	WMB	84,899	$2.5m0.33%	0.33%	Added +3.4k	+3,364 4.1%
72	UNITED PARCEL SERVICE INC CL B UPS	UPS	12,993	$2.5m0.33%	0.33%	Reduced -93	-93 -0.7%
73	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	16,392	$2.5m0.32%	0.32%	Reduced -842	-842 -4.9%
74	SYSCO CORP COM SYY	SYY	30,664	$2.4m0.31%	0.31%	Reduced -537	-537 -1.7%
75	GENERAL DYNAMICS CORP COM GD	GD	9,489	$2.2m0.28%	0.28%	Added +829	+829 9.6%
76	STARBUCKS CORP COM SBUX	SBUX	20,649	$2.2m0.28%	0.28%	Reduced -916	-916 -4.2%
77	SELECT SECTOR SPDR TR SBI MATERIALS XLB	XLB	25,081	$2.0m0.26%	0.26%	Reduced -1.1k	-1,149 -4.4%
78	MORGAN STANLEY COM NEW MS	MS	21,755	$1.9m0.25%	0.25%	Reduced -138	-138 -0.6%
79	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	8,523	$1.9m0.25%	0.25%	Added +794	+794 10.3%
80	COCA COLA CO COM KO	KO	28,447	$1.8m0.23%	0.23%	Added +442	+442 1.6%
81	ALPHABET INC CAP STK CL C GOOG	GOOG	16,620	$1.7m0.23%	0.23%	Reduced -1.1k	-1,090 -6.2%
82	TRAVELERS COMPANIES INC COM TRV	TRV	9,939	$1.7m0.22%	0.22%	Reduced -260	-260 -2.5%
83	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	22,810	$1.7m0.22%	0.22%	Added +4.3k	+4,301 23.2%
84	CUMMINS INC COM CMI	CMI	6,913	$1.7m0.22%	0.22%	Added +213	+213 3.2%
85	YUM BRANDS INC COM YUM	YUM	12,331	$1.6m0.21%	0.21%	Added +519	+519 4.4%
86	LOWES COS INC COM LOW	LOW	8,028	$1.6m0.21%	0.21%	Reduced -1.4k	-1,368 -14.6%
87	META PLATFORMS INC CL A META	META	7,560	$1.6m0.21%	0.21%	Reduced -55	-55 -0.7%
88	CONOCOPHILLIPS COM COP	COP	13,955	$1.4m0.18%	0.18%	Added +368	+368 2.7%
89	TEXAS INSTRS INC COM TXN	TXN	7,422	$1.4m0.18%	0.18%	Reduced -966	-966 -11.5%
90	AT&T INC COM T	T	70,356	$1.4m0.18%	0.18%	Added +10.7k	+10,675 17.9%
91	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	10,322	$1.3m0.17%	0.17%	Added +11	+11 0.1%
92	ISHARES TR NATIONAL MUN ETF MUB	MUB	11,961	$1.3m0.17%	0.17%	Unchanged
93	DOMINOS PIZZA INC COM DPZ	DPZ	3,800	$1.3m0.16%	0.16%	Unchanged
94	LYONDELLBASELL INDUSTRIES N SHS - A - LYB	LYB	13,180	$1.2m0.16%	0.16%	Reduced -6.1k	-6,099 -31.6%
95	NEXTERA ENERGY INC COM NEE	NEE	16,049	$1.2m0.16%	0.16%	Reduced -354	-354 -2.2%
96	ECOLAB INC COM ECL	ECL	7,417	$1.2m0.16%	0.16%	Unchanged
97	VERIZON COMMUNICATIONS INC COM VZ	VZ	30,419	$1.2m0.15%	0.15%	Reduced -9.1k	-9,053 -22.9%
98	CONSTELLATION BRANDS INC CL A STZ	STZ	5,182	$1.2m0.15%	0.15%	Reduced -117	-117 -2.2%
99	ABBVIE INC COM ABBV	ABBV	7,232	$1.2m0.15%	0.15%	Reduced -517	-517 -6.7%
100	PAYPAL HLDGS INC COM PYPL	PYPL	14,369	$1.1m0.14%	0.14%	Reduced -928	-928 -6.1%

Sold out since Q4 2022

Security	Ticker	Shares held before	Value then
ISHARES TR QUAL	QUAL	886	$101.0k886 shares
LINDE PLC 99952EUR	99952EUR	275	$90.0k275 shares
VANECK ETF TRUST SMH	SMH	432	$88.0k432 shares
CORNING INC GLW	GLW	2,184	$70.0k2.2k shares
INVESCO EXCHANGE TRADED FD T RSP	RSP	342	$48.0k342 shares
VANGUARD TAX-MANAGED FDS VEA	VEA	380	$16.0k380 shares
DOCUSIGN INC DOCU	DOCU	225	$12.0k225 shares
DICKS SPORTING GOODS INC DKS	DKS	50	$6.0k50 shares
JD.COM INC JD	JD	99	$6.0k99 shares
MOTOROLA SOLUTIONS INC MSI	MSI	22	$6.0k22 shares
INTUITIVE SURGICAL INC ISRG	ISRG	15	$4.0k15 shares
NORTHERN TR CORP NTRS	NTRS	38	$3.0k38 shares