Arrow Financial Corp

Glens Falls, NY · CIK 717538 · 13F filing filed 2025-08-11

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

$949.7m reported value +6.2% vs Q1 2025

160positions

53.0%in top 10

8 new 48 added 75 reduced 3 sold out vs Q1 2025

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, Q2 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	215,686	$122.5m12.90%	12.90%	Reduced -1.5k	-1,511 -0.7%
2	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	158,376	$87.4m9.20%	9.20%	Added +225	+225 0.1%
3	ISHARES TR CORE S&P MCP ETF IJH	IJH	873,652	$54.2m5.71%	5.71%	Added +7.4k	+7,405 0.8%
4	ARROW FINL CORP COM AROW	AROW	1,888,320	$49.9m5.25%	5.25%	Added +1.1k	+1,070 0.1%
5	ISHARES TR CORE S&P SCP ETF IJR	IJR	384,477	$42.0m4.42%	4.42%	Added +539	+539 0.1%
6	SPDR SERIES TRUST PRTFLO S&P500 VL SPYV	SPYV	799,564	$41.8m4.41%	4.41%	Added +3.7k	+3,717 0.5%
7	ISHARES TR CORE MSCI INTL IDEV	IDEV	508,382	$38.7m4.07%	4.07%	Added +55.2k	+55,216 12.2%
8	VANGUARD INDEX FDS MID CAP ETF VO	VO	103,248	$28.9m3.04%	3.04%	Reduced -5.5k	-5,517 -5.1%
9	ISHARES TR IBONDS 25 TRM HG IBHE	IBHE	868,676	$20.2m2.13%	2.13%	Reduced -382.1k	-382,099 -30.6%
10	MICROSOFT CORP COM MSFT	MSFT	35,683	$17.7m1.87%	1.87%	Reduced -1.6k	-1,589 -4.3%
11	ISHARES TR IBONDS 2026 TERM IBHF	IBHF	724,261	$16.8m1.77%	1.77%	Added +389.4k	+389,382 116.3%
12	NVIDIA CORPORATION COM NVDA	NVDA	103,451	$16.3m1.72%	1.72%	Added +73	+73 0.1%
13	ISHARES TR IBONDS DEC 2032 IBDX	IBDX	591,999	$15.0m1.58%	1.58%	Reduced -5.2k	-5,192 -0.9%
14	APPLE INC COM AAPL	AAPL	71,810	$14.7m1.55%	1.55%	Reduced -789	-789 -1.1%
15	ISHARES TR IBONDS DEC 2033 IBDY	IBDY	566,352	$14.7m1.54%	1.54%	Reduced -4.5k	-4,513 -0.8%
16	ISHARES TR IBONDS DEC 2031 IBDW	IBDW	693,211	$14.6m1.54%	1.54%	Reduced -6.3k	-6,305 -0.9%
17	ISHARES TR IBONDS DEC 2030 IBDV	IBDV	658,115	$14.5m1.52%	1.52%	Reduced -6.1k	-6,109 -0.9%
18	ISHARES TR IBONDS DEC 29 IBDU	IBDU	616,847	$14.4m1.52%	1.52%	Reduced -5.9k	-5,855 -0.9%
19	ISHARES TR IBDS DEC28 ETF IBDT	IBDT	557,751	$14.2m1.49%	1.49%	Reduced -8.7k	-8,716 -1.5%
20	ISHARES TR IBONDS DEC2026 IBDR	IBDR	573,374	$13.9m1.46%	1.46%	Reduced -7.6k	-7,562 -1.3%
21	ISHARES TR IBONDS 27 ETF IBDS	IBDS	571,307	$13.9m1.46%	1.46%	Reduced -7.2k	-7,224 -1.2%
22	ISHARES TR IBONDS DEC25 ETF IBDQ	IBDQ	473,024	$11.9m1.25%	1.25%	Reduced -69.0k	-69,050 -12.7%
23	VANGUARD INDEX FDS SMALL CP ETF VB	VB	49,129	$11.6m1.23%	1.23%	Reduced -1.6k	-1,616 -3.2%
24	ALPHABET INC CAP STK CL A GOOGL	GOOGL	57,546	$10.1m1.07%	1.07%	Reduced -378	-378 -0.7%
25	SELECT SECTOR SPDR TR RL EST SEL SEC XLRE	XLRE	234,787	$9.7m1.02%	1.02%	Added +106.2k	+106,229 82.6%
26	AMAZON COM INC COM AMZN	AMZN	39,418	$8.6m0.91%	0.91%	Reduced -3	-3 -0.0%
27	JPMORGAN CHASE & CO COM JPM	JPM	26,321	$7.6m0.80%	0.80%	Reduced -594	-594 -2.2%
28	ORACLE CORP COM ORCL	ORCL	32,742	$7.2m0.75%	0.75%	Reduced -3.0k	-3,034 -8.5%
29	ISHARES TR CORE US AGGBD ET AGG	AGG	65,301	$6.5m0.68%	0.68%	Reduced -1.9k	-1,935 -2.9%
30	ISHARES TR IBONDS DEC 2034 IBDZ	IBDZ	240,155	$6.3m0.66%	0.66%	Added +91.8k	+91,755 61.8%
31	META PLATFORMS INC CL A META	META	7,825	$5.8m0.61%	0.61%	Reduced -65	-65 -0.8%
32	ISHARES TR 10-20 YR TRS ETF TLH	TLH	54,946	$5.6m0.59%	0.59%	Reduced -17.1k	-17,127 -23.8%
33	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	70,060	$5.6m0.59%	0.59%	Reduced -4.0k	-3,956 -5.3%
34	HOME DEPOT INC COM HD	HD	14,135	$5.2m0.55%	0.55%	Added +649	+649 4.8%
35	VISA INC COM CL A V	V	14,030	$5.0m0.52%	0.52%	Added +292	+292 2.1%
36	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	9,305	$4.5m0.48%	0.48%	Added +3	+3 0.0%
37	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	7,315	$4.5m0.48%	0.48%	Reduced -11	-11 -0.1%
38	NETFLIX INC COM NFLX	NFLX	3,362	$4.5m0.47%	0.47%	Reduced -149	-149 -4.2%
39	ISHARES TR NEW YORK MUN ETF NYF	NYF	86,275	$4.5m0.47%	0.47%	Reduced -2.4k	-2,429 -2.7%
40	AMPHENOL CORP CL A APH	APH	44,261	$4.4m0.46%	0.46%	Reduced -4.4k	-4,387 -9.0%
41	SALESFORCE INC COM CRM	CRM	15,826	$4.3m0.45%	0.45%	Reduced -404	-404 -2.5%
42	ELI LILLY & CO COM LLY	LLY	5,244	$4.1m0.43%	0.43%	Added +103	+103 2.0%
43	BLACKROCK INC COM BLK	BLK	3,613	$3.8m0.40%	0.40%	Added +51	+51 1.4%
44	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	19,762	$3.6m0.38%	0.38%	Added +243	+243 1.2%
45	COSTCO WHSL CORP NEW COM COST	COST	3,621	$3.6m0.38%	0.38%	Reduced -79	-79 -2.1%
46	CISCO SYS INC COM CSCO	CSCO	50,375	$3.5m0.37%	0.37%	Reduced -3.5k	-3,487 -6.5%
47	STRYKER CORPORATION COM SYK	SYK	8,770	$3.5m0.37%	0.37%	Reduced -293	-293 -3.2%
48	EXXON MOBIL CORP COM XOM	XOM	31,402	$3.4m0.36%	0.36%	Reduced -1.3k	-1,303 -4.0%
49	WALMART INC COM WMT	WMT	33,386	$3.3m0.34%	0.34%	Added +498	+498 1.5%
50	BANK AMERICA CORP COM BAC	BAC	67,824	$3.2m0.34%	0.34%	Added +1.7k	+1,680 2.5%
51	JOHNSON & JOHNSON COM JNJ	JNJ	20,210	$3.1m0.33%	0.33%	Reduced -398	-398 -1.9%
52	PROCTER AND GAMBLE CO COM PG	PG	19,348	$3.1m0.32%	0.32%	Added +87	+87 0.5%
53	DISNEY WALT CO COM DIS	DIS	24,267	$3.0m0.32%	0.32%	Added +53	+53 0.2%
54	CATERPILLAR INC COM CAT	CAT	7,429	$2.9m0.30%	0.30%	Added +92	+92 1.2%
55	TJX COS INC NEW COM TJX	TJX	22,804	$2.8m0.30%	0.30%	Reduced -211	-211 -0.9%
56	AMGEN INC COM AMGN	AMGN	10,009	$2.8m0.29%	0.29%	Reduced -813	-813 -7.5%
57	MCDONALDS CORP COM MCD	MCD	9,146	$2.7m0.28%	0.28%	Added +252	+252 2.8%
58	ADOBE INC COM ADBE	ADBE	6,765	$2.6m0.28%	0.28%	Added +509	+509 8.1%
59	T-MOBILE US INC COM TMUS	TMUS	10,650	$2.5m0.27%	0.27%	Reduced -741	-741 -6.5%
60	ABBOTT LABS COM ABT	ABT	18,049	$2.5m0.26%	0.26%	Reduced -1.4k	-1,433 -7.4%
61	HONEYWELL INTL INC COM COM		10,406	$2.4m0.26%	0.26%	Added +81	+81 0.8%
62	MORGAN STANLEY COM NEW MS	MS	16,962	$2.4m0.25%	0.25%	Reduced -296	-296 -1.7%
63	COCA COLA CO COM KO	KO	33,758	$2.4m0.25%	0.25%	Added +1.5k	+1,485 4.6%
64	WILLIAMS COS INC COM WMB	WMB	37,939	$2.4m0.25%	0.25%	Reduced -3.9k	-3,904 -9.3%
65	TRAVELERS COMPANIES INC COM TRV	TRV	8,858	$2.4m0.25%	0.25%	Reduced -259	-259 -2.8%
66	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	8,956	$2.3m0.24%	0.24%	Unchanged
67	PALO ALTO NETWORKS INC COM PANW	PANW	10,642	$2.2m0.23%	0.23%	Added +632	+632 6.3%
68	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	5,129	$2.1m0.22%	0.22%	Added +260	+260 5.3%
69	MASTERCARD INCORPORATED CL A MA	MA	3,682	$2.1m0.22%	0.22%	Reduced -90	-90 -2.4%
70	ALPHABET INC CAP STK CL C GOOG	GOOG	11,522	$2.0m0.22%	0.22%	Reduced -520	-520 -4.3%
71	GENERAL DYNAMICS CORP COM GD	GD	6,898	$2.0m0.21%	0.21%	Added +381	+381 5.8%
72	UNION PAC CORP COM UNP	UNP	8,446	$1.9m0.20%	0.20%	Reduced -275	-275 -3.1%
73	MARVELL TECHNOLOGY INC COM MRVL	MRVL	21,952	$1.7m0.18%	0.18%	Added +3.9k	+3,911 21.7%
74	DANAHER CORPORATION COM DHR	DHR	8,423	$1.7m0.18%	0.18%	Added +411	+411 5.1%
75	QUANTA SVCS INC COM PWR	PWR	4,362	$1.6m0.17%	0.17%	Added +194	+194 4.7%
76	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	21,614	$1.6m0.17%	0.17%	Reduced -1.8k	-1,779 -7.6%
77	UNITEDHEALTH GROUP INC COM UNH	UNH	5,048	$1.6m0.17%	0.17%	Added +722	+722 16.7%
78	CUMMINS INC COM CMI	CMI	4,776	$1.6m0.16%	0.16%	Reduced -20	-20 -0.4%
79	MASCO CORP COM MAS	MAS	23,737	$1.5m0.16%	0.16%	Added +1.2k	+1,186 5.3%
80	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	3,302	$1.5m0.15%	0.15%	Reduced -83	-83 -2.5%
81	PIMCO ETF TR ENHAN SHRT MA AC MINT	MINT	14,076	$1.4m0.15%	0.15%	Reduced -4.3k	-4,303 -23.4%
82	TESLA INC COM TSLA	TSLA	4,421	$1.4m0.15%	0.15%	Reduced -80	-80 -1.8%
83	YUM BRANDS INC COM YUM	YUM	9,449	$1.4m0.15%	0.15%	Reduced -50	-50 -0.5%
84	CONOCOPHILLIPS COM COP	COP	15,535	$1.4m0.15%	0.15%	Added +108	+108 0.7%
85	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	4,667	$1.4m0.14%	0.14%	Reduced -582	-582 -11.1%
86	SELECT SECTOR SPDR TR SBI MATERIALS XLB	XLB	15,250	$1.3m0.14%	0.14%	Added +853	+853 5.9%
87	PEPSICO INC COM PEP	PEP	10,063	$1.3m0.14%	0.14%	Reduced -269	-269 -2.6%
88	INGERSOLL RAND INC COM IR	IR	15,915	$1.3m0.14%	0.14%	Reduced -2.3k	-2,315 -12.7%
89	ISHARES TR NATIONAL MUN ETF MUB	MUB	12,378	$1.3m0.14%	0.14%	Unchanged
90	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	24,063	$1.3m0.13%	0.13%	Added +1.7k	+1,735 7.8%
91	CHEVRON CORP NEW COM CVX	CVX	7,998	$1.1m0.12%	0.12%	Reduced -279	-279 -3.4%
92	LOWES COS INC COM LOW	LOW	5,070	$1.1m0.12%	0.12%	Added +206	+206 4.2%
93	ABBVIE INC COM ABBV	ABBV	5,751	$1.1m0.11%	0.11%	Reduced -205	-205 -3.4%
94	RTX CORPORATION COM RTX	RTX	7,273	$1.1m0.11%	0.11%	Reduced -209	-209 -2.8%
95	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	7,472	$1.0m0.11%	0.11%	Added +631	+631 9.2%
96	SELECT SECTOR SPDR TR SBI INT-UTILS XLU	XLU	11,610	$948.1k0.10%	0.10%	Reduced -4.0k	-3,989 -25.6%
97	SYSCO CORP COM SYY	SYY	12,366	$936.6k0.10%	0.10%	Added +64	+64 0.5%
98	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	2,878	$887.6k0.09%	0.09%	Unchanged
99	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	6,525	$879.5k0.09%	0.09%	Unchanged
100	AMERICAN EXPRESS CO COM AXP	AXP	2,634	$840.2k0.09%	0.09%	Reduced -49	-49 -1.8%

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
SPDR SER TR XHB	XHB	79,376	$7.7m79.4k shares
PHILIP MORRIS INTL INC PM	PM	3,230	$512.7k3.2k shares
ALTRIA GROUP INC MO	MO	4,995	$299.8k5.0k shares