Arrow Financial Corp

Glens Falls, NY · CIK 717538 · 13F filing filed 2025-05-05

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

$894.5m reported value -15.1% vs Q4 2024

155positions

52.7%in top 10

3 new 16 added 110 reduced 15 sold out vs Q4 2024

This report includes the holdings of 1 other manager that shares the investment decisions:

Arrow Bank National Association – reports through this filing

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

Holdings, Q1 2025

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	217,197	$111.6m12.48%	12.48%	Added +642	+642 0.3%
2	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	158,151	$74.2m8.29%	8.29%	Added +1.7k	+1,693 1.1%
3	ISHARES TR CORE S&P MCP ETF IJH	IJH	866,247	$50.5m5.65%	5.65%	Reduced -122	-122 -0.0%
4	ARROW FINL CORP COM AROW	AROW	1,887,250	$49.6m5.55%	5.55%	Reduced -12.3k	-12,319 -0.7%
5	SPDR SERIES TRUST PRTFLO S&P500 VL SPYV	SPYV	795,847	$40.6m4.54%	4.54%	Added +4.3k	+4,301 0.5%
6	ISHARES TR CORE S&P SCP ETF IJR	IJR	383,938	$40.1m4.49%	4.49%	Reduced -803	-803 -0.2%
7	ISHARES TR CORE MSCI INTL IDEV	IDEV	453,166	$31.2m3.49%	3.49%	Reduced -2.2k	-2,161 -0.5%
8	ISHARES TR IBONDS 25 TRM HG IBHE	IBHE	1,250,775	$29.1m3.25%	3.25%	Reduced -228.9k	-228,880 -15.5%
9	VANGUARD INDEX FDS MID CAP ETF VO	VO	108,765	$28.1m3.14%	3.14%	Reduced -2.2k	-2,221 -2.0%
10	APPLE INC COM AAPL	AAPL	72,599	$16.1m1.80%	1.80%	Reduced -42.5k	-42,548 -37.0%
11	ISHARES TR IBONDS DEC 2032 IBDX	IBDX	597,191	$14.9m1.67%	1.67%	Reduced -2.8k	-2,752 -0.5%
12	ISHARES TR IBONDS DEC 2033 IBDY	IBDY	570,865	$14.6m1.63%	1.63%	Reduced -1.8k	-1,788 -0.3%
13	ISHARES TR IBONDS DEC 2031 IBDW	IBDW	699,516	$14.5m1.62%	1.62%	Reduced -2.9k	-2,893 -0.4%
14	ISHARES TR IBONDS DEC 2030 IBDV	IBDV	664,224	$14.4m1.61%	1.61%	Reduced -3.0k	-3,020 -0.5%
15	ISHARES TR IBONDS DEC 29 IBDU	IBDU	622,702	$14.4m1.61%	1.61%	Added +2.6k	+2,559 0.4%
16	ISHARES TR IBDS DEC28 ETF IBDT	IBDT	566,467	$14.3m1.60%	1.60%	Added +2.7k	+2,731 0.5%
17	ISHARES TR IBONDS DEC2026 IBDR	IBDR	580,936	$14.1m1.57%	1.57%	Reduced -4.1k	-4,121 -0.7%
18	MICROSOFT CORP COM MSFT	MSFT	37,272	$14.0m1.56%	1.56%	Reduced -20.5k	-20,519 -35.5%
19	ISHARES TR IBONDS 27 ETF IBDS	IBDS	578,531	$14.0m1.56%	1.56%	Reduced -1.2k	-1,194 -0.2%
20	ISHARES TR IBONDS DEC25 ETF IBDQ	IBDQ	542,074	$13.6m1.52%	1.52%	Reduced -11.0k	-10,988 -2.0%
21	VANGUARD INDEX FDS SMALL CP ETF VB	VB	50,745	$11.3m1.26%	1.26%	Reduced -302	-302 -0.6%
22	NVIDIA CORPORATION COM NVDA	NVDA	103,378	$11.2m1.25%	1.25%	Reduced -77.9k	-77,859 -43.0%
23	ALPHABET INC CAP STK CL A GOOGL	GOOGL	57,924	$9.0m1.00%	1.00%	Reduced -28.0k	-28,045 -32.6%
24	ISHARES TR IBONDS 2026 TERM IBHF	IBHF	334,879	$7.8m0.87%	0.87%	Added +260.4k	+260,419 349.7%
25	SPDR SER TR S&P HOMEBUILD XHB	XHB	79,376	$7.7m0.86%	0.86%	Added +3.2k	+3,203 4.2%
26	AMAZON COM INC COM AMZN	AMZN	39,421	$7.5m0.84%	0.84%	Reduced -25.8k	-25,833 -39.6%
27	ISHARES TR 10-20 YR TRS ETF TLH	TLH	72,073	$7.5m0.84%	0.84%	Reduced -9.4k	-9,394 -11.5%
28	ISHARES TR CORE US AGGBD ET AGG	AGG	67,236	$6.7m0.74%	0.74%	Unchanged
29	JPMORGAN CHASE & CO COM JPM	JPM	26,915	$6.6m0.74%	0.74%	Reduced -12.7k	-12,741 -32.1%
30	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	74,016	$5.8m0.65%	0.65%	Reduced -405	-405 -0.5%
31	SELECT SECTOR SPDR TR RL EST SEL SEC XLRE	XLRE	128,558	$5.4m0.60%	0.60%	Added +1.7k	+1,679 1.3%
32	ORACLE CORP COM ORCL	ORCL	35,776	$5.0m0.56%	0.56%	Reduced -11.3k	-11,287 -24.0%
33	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	9,302	$5.0m0.55%	0.55%	Reduced -5.2k	-5,157 -35.7%
34	HOME DEPOT INC COM HD	HD	13,486	$4.9m0.55%	0.55%	Reduced -7.9k	-7,883 -36.9%
35	VISA INC COM CL A V	V	13,738	$4.8m0.54%	0.54%	Reduced -5.9k	-5,883 -30.0%
36	ISHARES TR NEW YORK MUN ETF NYF	NYF	88,704	$4.7m0.52%	0.52%	Reduced -1.6k	-1,579 -1.8%
37	META PLATFORMS INC CL A META	META	7,890	$4.5m0.51%	0.51%	Reduced -5.6k	-5,590 -41.5%
38	SALESFORCE INC COM CRM	CRM	16,230	$4.4m0.49%	0.49%	Reduced -10.0k	-9,993 -38.1%
39	ELI LILLY & CO COM LLY	LLY	5,141	$4.2m0.47%	0.47%	Reduced -3.4k	-3,428 -40.0%
40	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	7,326	$4.1m0.46%	0.46%	Reduced -25	-25 -0.3%
41	EXXON MOBIL CORP COM XOM	XOM	32,705	$3.9m0.43%	0.43%	Reduced -8.4k	-8,359 -20.4%
42	ISHARES TR IBONDS DEC 2034 IBDZ	IBDZ	148,400	$3.8m0.43%	0.43%	Added +91.0k	+90,979 158.4%
43	COSTCO WHSL CORP NEW COM COST	COST	3,700	$3.5m0.39%	0.39%	Reduced -1.4k	-1,430 -27.9%
44	JOHNSON & JOHNSON COM JNJ	JNJ	20,608	$3.4m0.38%	0.38%	Reduced -9.7k	-9,657 -31.9%
45	STRYKER CORPORATION COM SYK	SYK	9,063	$3.4m0.38%	0.38%	Reduced -4.4k	-4,425 -32.8%
46	AMGEN INC COM AMGN	AMGN	10,822	$3.4m0.38%	0.38%	Reduced -4.8k	-4,775 -30.6%
47	BLACKROCK INC COM BLK	BLK	3,562	$3.4m0.38%	0.38%	Reduced -2.2k	-2,219 -38.4%
48	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	19,519	$3.4m0.38%	0.38%	Reduced -11.5k	-11,518 -37.1%
49	CISCO SYS INC COM CSCO	CSCO	53,862	$3.3m0.37%	0.37%	Reduced -730	-730 -1.3%
50	PROCTER AND GAMBLE CO COM PG	PG	19,261	$3.3m0.37%	0.37%	Reduced -12.5k	-12,472 -39.3%
51	NETFLIX INC COM NFLX	NFLX	3,511	$3.3m0.37%	0.37%	Reduced -1.8k	-1,751 -33.3%
52	AMPHENOL CORP CL A APH	APH	48,648	$3.2m0.36%	0.36%	Reduced -26.4k	-26,371 -35.1%
53	T-MOBILE US INC COM TMUS	TMUS	11,391	$3.0m0.34%	0.34%	Reduced -46	-46 -0.4%
54	WALMART INC COM WMT	WMT	32,888	$2.9m0.32%	0.32%	Reduced -28.5k	-28,514 -46.4%
55	TJX COS INC NEW COM TJX	TJX	23,015	$2.8m0.31%	0.31%	Reduced -10.7k	-10,689 -31.7%
56	MCDONALDS CORP COM MCD	MCD	8,894	$2.8m0.31%	0.31%	Reduced -2.6k	-2,586 -22.5%
57	BANK AMERICA CORP COM BAC	BAC	66,144	$2.8m0.31%	0.31%	Reduced -55.9k	-55,910 -45.8%
58	ABBOTT LABS COM ABT	ABT	19,482	$2.6m0.29%	0.29%	Reduced -13.2k	-13,193 -40.4%
59	WILLIAMS COS INC COM WMB	WMB	41,843	$2.5m0.28%	0.28%	Reduced -34.8k	-34,758 -45.4%
60	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	4,869	$2.4m0.27%	0.27%	Reduced -3.2k	-3,235 -39.9%
61	CATERPILLAR INC COM CAT	CAT	7,337	$2.4m0.27%	0.27%	Reduced -6.4k	-6,376 -46.5%
62	TRAVELERS COMPANIES INC COM TRV	TRV	9,117	$2.4m0.27%	0.27%	Reduced -79	-79 -0.9%
63	ADOBE INC COM ADBE	ADBE	6,256	$2.4m0.27%	0.27%	Reduced -4.4k	-4,413 -41.4%
64	DISNEY WALT CO COM DIS	DIS	24,214	$2.4m0.27%	0.27%	Reduced -6.3k	-6,349 -20.8%
65	COCA COLA CO COM KO	KO	32,273	$2.3m0.26%	0.26%	Reduced -46	-46 -0.1%
66	UNITEDHEALTH GROUP INC COM UNH	UNH	4,326	$2.3m0.25%	0.25%	Reduced -3.2k	-3,250 -42.9%
67	HONEYWELL INTL INC COM COM		10,325	$2.2m0.24%	0.24%	Reduced -9.1k	-9,110 -46.9%
68	MASTERCARD INCORPORATED CL A MA	MA	3,772	$2.1m0.23%	0.23%	Reduced -55	-55 -1.4%
69	UNION PAC CORP COM UNP	UNP	8,721	$2.1m0.23%	0.23%	Reduced -76	-76 -0.9%
70	MORGAN STANLEY COM NEW MS	MS	17,258	$2.0m0.23%	0.23%	Reduced -11.5k	-11,471 -39.9%
71	ALPHABET INC CAP STK CL C GOOG	GOOG	12,042	$1.9m0.21%	0.21%	Reduced -409	-409 -3.3%
72	PIMCO ETF TR ENHAN SHRT MA AC MINT	MINT	18,379	$1.8m0.21%	0.21%	Reduced -2.2k	-2,199 -10.7%
73	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	8,956	$1.8m0.21%	0.21%	Reduced -3.5k	-3,472 -27.9%
74	GENERAL DYNAMICS CORP COM GD	GD	6,517	$1.8m0.20%	0.20%	Reduced -3	-3 -0.1%
75	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	23,393	$1.7m0.19%	0.19%	Added +40	+40 0.2%
76	PALO ALTO NETWORKS INC COM PANW	PANW	10,010	$1.7m0.19%	0.19%	Reduced -1.5k	-1,489 -12.9%
77	DANAHER CORPORATION COM DHR	DHR	8,012	$1.6m0.18%	0.18%	Reduced -3.8k	-3,815 -32.3%
78	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	3,385	$1.6m0.18%	0.18%	Reduced -2.2k	-2,220 -39.6%
79	CONOCOPHILLIPS COM COP	COP	15,427	$1.6m0.18%	0.18%	Reduced -8	-8 -0.1%
80	MASCO CORP COM MAS	MAS	22,551	$1.6m0.18%	0.18%	Reduced -27.6k	-27,649 -55.1%
81	PEPSICO INC COM PEP	PEP	10,332	$1.5m0.17%	0.17%	Reduced -7.1k	-7,105 -40.8%
82	CUMMINS INC COM CMI	CMI	4,796	$1.5m0.17%	0.17%	Reduced -66	-66 -1.4%
83	YUM BRANDS INC COM YUM	YUM	9,499	$1.5m0.17%	0.17%	Reduced -80	-80 -0.8%
84	INGERSOLL RAND INC COM IR	IR	18,230	$1.5m0.16%	0.16%	Reduced -14.1k	-14,113 -43.6%
85	CHEVRON CORP NEW COM CVX	CVX	8,277	$1.4m0.15%	0.15%	Reduced -6.6k	-6,649 -44.5%
86	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	5,249	$1.3m0.15%	0.15%	Reduced -21	-21 -0.4%
87	ISHARES TR NATIONAL MUN ETF MUB	MUB	12,378	$1.3m0.15%	0.15%	Added +645	+645 5.5%
88	ABBVIE INC COM ABBV	ABBV	5,956	$1.2m0.14%	0.14%	Reduced -21	-21 -0.3%
89	SELECT SECTOR SPDR TR SBI MATERIALS XLB	XLB	14,397	$1.2m0.14%	0.14%	Reduced -1.4k	-1,387 -8.8%
90	SELECT SECTOR SPDR TR SBI INT-UTILS XLU	XLU	15,599	$1.2m0.14%	0.14%	Reduced -835	-835 -5.1%
91	TESLA INC COM TSLA	TSLA	4,501	$1.2m0.13%	0.13%	Reduced -4.1k	-4,144 -47.9%
92	LOWES COS INC COM LOW	LOW	4,864	$1.1m0.13%	0.13%	Unchanged
93	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	22,328	$1.1m0.12%	0.12%	Reduced -8.4k	-8,405 -27.4%
94	MARVELL TECHNOLOGY INC COM MRVL	MRVL	18,041	$1.1m0.12%	0.12%	Reduced -20.1k	-20,117 -52.7%
95	QUANTA SVCS INC COM PWR	PWR	4,168	$1.1m0.12%	0.12%	Added +153	+153 3.8%
96	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	6,841	$1.0m0.11%	0.11%	Reduced -3.1k	-3,054 -30.9%
97	RTX CORPORATION COM RTX	RTX	7,482	$991.1k0.11%	0.11%	Reduced -31	-31 -0.4%
98	TERADYNE INC COM TER	TER	11,854	$979.1k0.11%	0.11%	Reduced -5.0k	-4,992 -29.6%
99	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	6,525	$952.7k0.11%	0.11%	Reduced -2.2k	-2,223 -25.4%
100	LENNAR CORP CL A LEN	LEN	8,112	$931.1k0.10%	0.10%	Reduced -3.1k	-3,093 -27.6%

Sold out since Q4 2024

Security	Ticker	Shares held before	Value then
DIGITAL RLTY TR INC DLR	DLR	12,300	$2.2m12.3k shares
WASTE MGMT INC DEL WM	WM	8,299	$1.7m8.3k shares
CAPITAL ONE FINL CORP COF	COF	6,810	$1.2m6.8k shares
SHERWIN WILLIAMS CO SHW	SHW	2,705	$919.5k2.7k shares
AIR PRODS & CHEMS INC APD	APD	2,899	$840.8k2.9k shares
SOUTHERN CO SO	SO	9,960	$819.9k10.0k shares
HERSHEY CO HSY	HSY	3,488	$590.7k3.5k shares
PUBLIC STORAGE PSA	PSA	1,900	$568.9k1.9k shares
VULCAN MATLS CO VMC	VMC	1,842	$473.8k1.8k shares
AMERICAN TOWER CORP NEW AMT	AMT	2,472	$453.4k2.5k shares
PAYPAL HLDGS INC PYPL	PYPL	2,982	$254.5k3.0k shares
CONSTELLATION BRANDS INC STZ	STZ	1,140	$251.9k1.1k shares
NUSHARES ETF TR NUSC	NUSC	5,150	$215.7k5.2k shares
VANGUARD INDEX FDS VUG	VUG	516	$211.8k516 shares
EATON CORP PLC ETN	ETN	605	$200.8k605 shares