Arrow Financial Corp

Glens Falls, NY · CIK 717538 · 13F filing filed 2023-08-09

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

$828.9m reported value +8.0% vs Q1 2023

324positions

46.9%in top 10

6 new 58 added 116 reduced 6 sold out vs Q1 2023

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, Q2 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	221,147	$90.1m10.87%	10.87%	Reduced -20.8k	-20,825 -8.6%
2	ISHARES TR CORE S&P SCP ETF IJR	IJR	507,211	$50.5m6.10%	6.10%	Added +66.7k	+66,651 15.1%
3	ISHARES TR CORE S&P MCP ETF IJH	IJH	189,013	$49.4m5.96%	5.96%	Added +4.1k	+4,084 2.2%
4	VANGUARD INDEX FDS MID CAP ETF VO	VO	148,011	$32.6m3.93%	3.93%	Reduced -1.5k	-1,460 -1.0%
5	ARROW FINL CORP COM AROW	AROW	1,573,620	$31.7m3.82%	3.82%	Reduced -3.1k	-3,121 -0.2%
6	SPDR SERIES TRUST PRTFLO S&P500 VL SPYV	SPYV	721,349	$31.2m3.76%	3.76%	Added +711.4k	+711,448 7185.6%
7	ISHARES TR CORE MSCI INTL IDEV	IDEV	487,367	$29.8m3.59%	3.59%	Reduced -16.9k	-16,859 -3.3%
8	APPLE INC COM AAPL	AAPL	135,944	$26.4m3.18%	3.18%	Added +7.3k	+7,322 5.7%
9	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	64,487	$23.8m2.87%	2.87%	Added +5.6k	+5,636 9.6%
10	MICROSOFT CORP COM MSFT	MSFT	68,549	$23.3m2.82%	2.82%	Added +2.2k	+2,197 3.3%
11	ISHARES TR IBONDS 24 TRM HG IBHD	IBHD	772,228	$17.8m2.15%	2.15%	Added +383.6k	+383,599 98.7%
12	VANGUARD INDEX FDS SMALL CP ETF VB	VB	73,066	$14.5m1.75%	1.75%	Added +9.1k	+9,099 14.2%
13	ALPHABET INC CAP STK CL A GOOGL	GOOGL	93,922	$11.2m1.36%	1.36%	Reduced -1.4k	-1,446 -1.5%
14	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	137,208	$10.4m1.25%	1.25%	Reduced -16.6k	-16,578 -10.8%
15	AMAZON COM INC COM AMZN	AMZN	74,784	$9.7m1.18%	1.18%	Reduced -694	-694 -0.9%
16	ISHARES TR IBONDS DEC23 ETF IBONDS DEC23 ETF		367,811	$9.3m1.12%	1.12%	Added +43.6k	+43,634 13.5%
17	ISHARES TR IBONDS DEC24 ETF IBDP	IBDP	349,389	$8.6m1.04%	1.04%	Added +18.1k	+18,077 5.5%
18	ISHARES TR IBONDS DEC2026 IBDR	IBDR	356,332	$8.4m1.01%	1.01%	Added +9.1k	+9,116 2.6%
19	ISHARES TR IBONDS DEC 29 IBDU	IBDU	365,893	$8.2m0.99%	0.99%	Added +26.8k	+26,829 7.9%
20	ISHARES TR IBONDS DEC25 ETF IBDQ	IBDQ	336,874	$8.2m0.99%	0.99%	Added +8.5k	+8,484 2.6%
21	NVIDIA CORPORATION COM NVDA	NVDA	19,406	$8.2m0.99%	0.99%	Added +237	+237 1.2%
22	ISHARES TR IBONDS DEC 2031 IBDW	IBDW	399,775	$8.1m0.98%	0.98%	Added +46.1k	+46,111 13.0%
23	ISHARES TR IBONDS 27 ETF IBDS	IBDS	344,885	$8.1m0.98%	0.98%	Added +9.3k	+9,318 2.8%
24	ISHARES TR IBONDS DEC 2030 IBDV	IBDV	378,324	$8.0m0.97%	0.97%	Added +36.1k	+36,075 10.5%
25	ISHARES TR IBDS DEC28 ETF IBDT	IBDT	326,387	$8.0m0.96%	0.96%	Added +12.1k	+12,137 3.9%
26	JPMORGAN CHASE & CO COM JPM	JPM	53,599	$7.8m0.94%	0.94%	Reduced -3.1k	-3,075 -5.4%
27	ORACLE CORP COM ORCL	ORCL	64,009	$7.6m0.92%	0.92%	Reduced -3.8k	-3,784 -5.6%
28	JOHNSON & JOHNSON COM JNJ	JNJ	44,480	$7.4m0.89%	0.89%	Reduced -1.4k	-1,416 -3.1%
29	VISA INC COM CL A V	V	30,914	$7.3m0.89%	0.89%	Reduced -9.6k	-9,621 -23.7%
30	ISHARES TR IBONDS DEC 2032 IBDX	IBDX	296,454	$7.3m0.88%	0.88%	Added +105.5k	+105,489 55.2%
31	HOME DEPOT INC COM HD	HD	23,289	$7.2m0.87%	0.87%	Reduced -832	-832 -3.5%
32	ADOBE INC COM ADBE	ADBE	14,362	$7.0m0.85%	0.85%	Reduced -2.9k	-2,948 -17.0%
33	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	13,897	$6.2m0.74%	0.74%	Reduced -276	-276 -1.9%
34	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	11,302	$5.9m0.71%	0.71%	Reduced -158	-158 -1.4%
35	PROCTER AND GAMBLE CO COM PG	PG	38,306	$5.8m0.70%	0.70%	Added +219	+219 0.6%
36	UNITEDHEALTH GROUP INC COM UNH	UNH	11,960	$5.7m0.69%	0.69%	Reduced -342	-342 -2.8%
37	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	16,827	$5.7m0.69%	0.69%	Reduced -3.9k	-3,921 -18.9%
38	SALESFORCE INC COM CRM	CRM	26,893	$5.7m0.69%	0.69%	Reduced -5.4k	-5,352 -16.6%
39	STRYKER CORPORATION COM SYK	SYK	16,946	$5.2m0.62%	0.62%	Reduced -1.4k	-1,364 -7.5%
40	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	44,165	$5.0m0.60%	0.60%	Reduced -5.8k	-5,821 -11.7%
41	BLACKROCK INC COM BLK	BLK	7,215	$5.0m0.60%	0.60%	Added +67	+67 0.9%
42	HONEYWELL INTL INC COM COM		23,755	$4.9m0.59%	0.59%	Reduced -751	-751 -3.1%
43	CISCO SYS INC COM CSCO	CSCO	94,742	$4.9m0.59%	0.59%	Added +878	+878 0.9%
44	PEPSICO INC COM PEP	PEP	26,131	$4.8m0.58%	0.58%	Reduced -390	-390 -1.5%
45	ISHARES TR CORE US AGGBD ET AGG	AGG	48,840	$4.8m0.58%	0.58%	Added +2.5k	+2,534 5.5%
46	EXXON MOBIL CORP COM XOM	XOM	43,737	$4.7m0.57%	0.57%	Reduced -3.0k	-2,951 -6.3%
47	AMPHENOL CORP CL A APH	APH	54,318	$4.6m0.56%	0.56%	Added +18.9k	+18,851 53.1%
48	ABBOTT LABS COM ABT	ABT	42,298	$4.6m0.56%	0.56%	Added +171	+171 0.4%
49	ISHARES TR NEW YORK MUN ETF NYF	NYF	83,655	$4.5m0.54%	0.54%	Reduced -484	-484 -0.6%
50	TJX COS INC NEW COM TJX	TJX	50,324	$4.3m0.51%	0.51%	Reduced -3.9k	-3,945 -7.3%
51	WALMART INC COM WMT	WMT	26,394	$4.1m0.50%	0.50%	Added +394	+394 1.5%
52	BANK AMERICA CORP COM BAC	BAC	139,860	$4.0m0.48%	0.48%	Added +5.4k	+5,421 4.0%
53	PFIZER INC COM PFE	PFE	107,229	$3.9m0.47%	0.47%	Reduced -2.8k	-2,782 -2.5%
54	CATERPILLAR INC COM CAT	CAT	15,954	$3.9m0.47%	0.47%	Reduced -435	-435 -2.6%
55	COSTCO WHSL CORP NEW COM COST	COST	7,066	$3.8m0.46%	0.46%	Reduced -1.2k	-1,215 -14.7%
56	ISHARES TR ISHS 1-5YR INVS IGSB	IGSB	74,879	$3.8m0.45%	0.45%	Reduced -7.0k	-7,049 -8.6%
57	QUALCOMM INC COM QCOM	QCOM	31,429	$3.7m0.45%	0.45%	Added +820	+820 2.7%
58	DISNEY WALT CO COM DIS	DIS	40,173	$3.6m0.43%	0.43%	Reduced -31	-31 -0.1%
59	AMGEN INC COM AMGN	AMGN	15,384	$3.4m0.41%	0.41%	Reduced -35	-35 -0.2%
60	MCDONALDS CORP COM MCD	MCD	11,278	$3.4m0.41%	0.41%	Reduced -409	-409 -3.5%
61	MASCO CORP COM MAS	MAS	58,048	$3.3m0.40%	0.40%	Added +4.6k	+4,634 8.7%
62	WASTE MGMT INC DEL COM WM	WM	18,244	$3.2m0.38%	0.38%	Reduced -225	-225 -1.2%
63	UNION PAC CORP COM UNP	UNP	15,292	$3.1m0.38%	0.38%	Reduced -3.1k	-3,076 -16.8%
64	DANAHER CORPORATION COM DHR	DHR	12,770	$3.1m0.37%	0.37%	Added +760	+760 6.3%
65	NETFLIX INC COM NFLX	NFLX	6,952	$3.1m0.37%	0.37%	Reduced -858	-858 -11.0%
66	ACTIVISION BLIZZARD INC COM ATVI	ATVI	36,218	$3.1m0.37%	0.37%	Reduced -3.1k	-3,074 -7.8%
67	META PLATFORMS INC CL A META	META	10,056	$2.9m0.35%	0.35%	Added +2.5k	+2,496 33.0%
68	WILLIAMS COS INC COM WMB	WMB	85,841	$2.8m0.34%	0.34%	Added +942	+942 1.1%
69	DOLLAR TREE INC COM DLTR	DLTR	18,986	$2.7m0.33%	0.33%	Reduced -7.1k	-7,129 -27.3%
70	CHEVRON CORP NEW COM CVX	CVX	16,413	$2.6m0.31%	0.31%	Reduced -311	-311 -1.9%
71	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	14,822	$2.6m0.31%	0.31%	Reduced -1.6k	-1,570 -9.6%
72	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	39,746	$2.5m0.31%	0.31%	Added +140	+140 0.3%
73	ALPHABET INC CAP STK CL C GOOG	GOOG	16,086	$1.9m0.23%	0.23%	Reduced -534	-534 -3.2%
74	STARBUCKS CORP COM SBUX	SBUX	18,644	$1.8m0.22%	0.22%	Reduced -2.0k	-2,005 -9.7%
75	COCA COLA CO COM KO	KO	30,257	$1.8m0.22%	0.22%	Added +1.8k	+1,810 6.4%
76	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	25,034	$1.8m0.22%	0.22%	Added +2.2k	+2,224 9.8%
77	MORGAN STANLEY COM NEW MS	MS	20,541	$1.8m0.21%	0.21%	Reduced -1.2k	-1,214 -5.6%
78	YUM BRANDS INC COM YUM	YUM	12,292	$1.7m0.21%	0.21%	Reduced -39	-39 -0.3%
79	MASTERCARD INCORPORATED CL A MA	MA	4,259	$1.7m0.20%	0.20%	Reduced -2.9k	-2,923 -40.7%
80	PAYCHEX INC COM PAYX	PAYX	14,869	$1.7m0.20%	0.20%	Reduced -9.0k	-9,021 -37.8%
81	GENERAL DYNAMICS CORP COM GD	GD	7,618	$1.6m0.20%	0.20%	Reduced -1.9k	-1,871 -19.7%
82	TRAVELERS COMPANIES INC COM TRV	TRV	9,300	$1.6m0.19%	0.19%	Reduced -639	-639 -6.4%
83	CONOCOPHILLIPS COM COP	COP	15,428	$1.6m0.19%	0.19%	Added +1.5k	+1,473 10.6%
84	SELECT SECTOR SPDR TR SBI MATERIALS XLB	XLB	19,104	$1.6m0.19%	0.19%	Reduced -6.0k	-5,977 -23.8%
85	ELI LILLY & CO COM LLY	LLY	3,344	$1.6m0.19%	0.19%	Added +1.1k	+1,104 49.3%
86	CUMMINS INC COM CMI	CMI	6,271	$1.5m0.19%	0.19%	Reduced -642	-642 -9.3%
87	SYSCO CORP COM SYY	SYY	20,436	$1.5m0.18%	0.18%	Reduced -10.2k	-10,228 -33.4%
88	NIKE INC CL B NKE	NKE	13,572	$1.5m0.18%	0.18%	Added +6.5k	+6,545 93.1%
89	LOWES COS INC COM LOW	LOW	6,481	$1.5m0.18%	0.18%	Reduced -1.5k	-1,547 -19.3%
90	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	10,132	$1.3m0.16%	0.16%	Reduced -190	-190 -1.8%
91	ECOLAB INC COM ECL	ECL	7,064	$1.3m0.16%	0.16%	Reduced -353	-353 -4.8%
92	UNITED PARCEL SERVICE INC CL B UPS	UPS	7,277	$1.3m0.16%	0.16%	Reduced -5.7k	-5,716 -44.0%
93	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	5,764	$1.3m0.15%	0.15%	Reduced -2.8k	-2,759 -32.4%
94	ISHARES TR NATIONAL MUN ETF MUB	MUB	11,837	$1.3m0.15%	0.15%	Reduced -124	-124 -1.0%
95	DIGITAL RLTY TR INC COM DLR	DLR	11,000	$1.3m0.15%	0.15%	Unchanged
96	NEXTERA ENERGY INC COM NEE	NEE	15,946	$1.2m0.14%	0.14%	Reduced -103	-103 -0.6%
97	DOMINION ENERGY INC COM D	D	22,550	$1.2m0.14%	0.14%	Added +5.5k	+5,535 32.5%
98	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	34,124	$1.2m0.14%	0.14%	Added +1.7k	+1,701 5.2%
99	LYONDELLBASELL INDUSTRIES N SHS - A - LYB	LYB	11,855	$1.1m0.13%	0.13%	Reduced -1.3k	-1,325 -10.1%
100	MERCK & CO INC COM MRK	MRK	9,076	$1.0m0.13%	0.13%	Reduced -596	-596 -6.2%

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
DOMINOS PIZZA INC DPZ	DPZ	3,800	$1.3m3.8k shares
ALEXANDRIA REAL ESTATE EQ IN ARE	ARE	1,500	$188.4k1.5k shares
KADANT INC KAI	KAI	480	$100.1k480 shares
BLOCK INC XYZ	XYZ	185	$12.7k185 shares
THOMSON REUTERS CORP.		90	$11.7k90 shares
GREENLANE HLDGS INC		110	$40110 shares