Arrow Financial Corp

Glens Falls, NY · CIK 717538 · 13F filing filed 2026-05-11

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

$994.0m reported value -0.9% vs Q4 2025

157positions

53.9%in top 10

1 new 48 added 86 reduced 3 sold out vs Q4 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, Q1 2026

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	202,122	$120.8m12.15%	12.15%	Added +4.9k	+4,905 2.5%
2	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	139,402	$80.5m8.09%	8.09%	Added +15	+15 0.0%
3	ARROW FINL CORP COM AROW	AROW	1,878,839	$63.1m6.35%	6.35%	Added +7.1k	+7,104 0.4%
4	ISHARES TR CORE S&P MCP ETF IJH	IJH	924,486	$62.4m6.28%	6.28%	Added +94.2k	+94,167 11.3%
5	ISHARES TR CORE S&P SCP ETF IJR	IJR	385,520	$47.9m4.82%	4.82%	Added +29.5k	+29,509 8.3%
6	ISHARES TR CORE MSCI INTL IDEV	IDEV	558,240	$46.7m4.69%	4.69%	Added +12.0k	+11,973 2.2%
7	SPDR SERIES TRUST PRTFLO S&P500 VL SPYV	SPYV	781,325	$44.2m4.45%	4.45%	Reduced -1.9k	-1,874 -0.2%
8	ISHARES TR IBONDS 2026 TERM IBHF	IBHF	1,349,454	$31.0m3.12%	3.12%	Added +133.5k	+133,494 11.0%
9	VANGUARD INDEX FDS MID CAP ETF VO	VO	77,065	$22.1m2.23%	2.23%	Reduced -18.4k	-18,441 -19.3%
10	APPLE INC COM AAPL	AAPL	69,186	$17.6m1.77%	1.77%	Reduced -2.2k	-2,154 -3.0%
11	NVIDIA CORPORATION COM NVDA	NVDA	99,976	$17.4m1.75%	1.75%	Reduced -2.3k	-2,308 -2.3%
12	TEMA ETF TRUST ELECTRIFICATION VOLT	VOLT	463,644	$15.9m1.60%	1.60%	Added +92.7k	+92,698 25.0%
13	ISHARES TR IBONDS DEC 2032 IBDX	IBDX	614,512	$15.5m1.56%	1.56%	Added +15.4k	+15,366 2.6%
14	ISHARES TR IBONDS DEC 2033 IBDY	IBDY	589,794	$15.2m1.53%	1.53%	Added +33.9k	+33,899 6.1%
15	ALPHABET INC CAP STK CL A GOOGL	GOOGL	52,943	$15.2m1.53%	1.53%	Reduced -2.0k	-2,031 -3.7%
16	ISHARES TR IBONDS DEC 2031 IBDW	IBDW	722,758	$15.1m1.52%	1.52%	Added +19.0k	+18,980 2.7%
17	ISHARES TR IBONDS DEC 2035 IBCA	IBCA	586,917	$15.0m1.51%	1.51%	Added +18.4k	+18,350 3.2%
18	ISHARES TR IBONDS DEC 2030 IBDV	IBDV	684,978	$15.0m1.51%	1.51%	Added +17.8k	+17,786 2.7%
19	ISHARES TR IBONDS DEC 29 IBDU	IBDU	641,623	$14.9m1.50%	1.50%	Added +38.2k	+38,228 6.3%
20	ISHARES TR IBDS DEC28 ETF IBDT	IBDT	577,599	$14.6m1.47%	1.47%	Added +14.5k	+14,519 2.6%
21	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	256,058	$14.5m1.46%	1.46%	Added +60.8k	+60,772 31.1%
22	MICROSOFT CORP COM MSFT	MSFT	35,720	$13.2m1.33%	1.33%	Added +1.4k	+1,395 4.1%
23	ISHARES TR IBONDS DEC 2034 IBDZ	IBDZ	441,310	$11.5m1.16%	1.16%	Added +40.4k	+40,433 10.1%
24	ISHARES TR IBONDS 27 ETF IBDS	IBDS	434,774	$10.5m1.06%	1.06%	Reduced -141.8k	-141,816 -24.6%
25	ISHARES TR IBONDS DEC2026 IBDR	IBDR	425,552	$10.3m1.04%	1.04%	Reduced -152.4k	-152,430 -26.4%
26	ISHARES TR 10-20 YR TRS ETF TLH	TLH	90,264	$9.1m0.91%	0.91%	Added +47.1k	+47,086 109.0%
27	VANGUARD INDEX FDS SMALL CP ETF VB	VB	31,275	$8.2m0.82%	0.82%	Reduced -14.0k	-13,973 -30.9%
28	AMAZON COM INC COM AMZN	AMZN	39,040	$8.1m0.82%	0.82%	Added +226	+226 0.6%
29	JPMORGAN CHASE & CO COM JPM	JPM	24,407	$7.2m0.72%	0.72%	Reduced -1.0k	-1,008 -4.0%
30	AB ACTIVE ETFS INC NEW YO INTER ETF NYM	NYM	256,734	$6.4m0.64%	0.64%	Added +5.2k	+5,175 2.1%
31	ISHARES TR CORE US AGGBD ET AGG	AGG	62,302	$6.2m0.62%	0.62%	Reduced -2.5k	-2,544 -3.9%
32	AMPHENOL CORP CL A APH	APH	38,913	$4.9m0.49%	0.49%	Reduced -1.4k	-1,380 -3.4%
33	HOME DEPOT INC COM HD	HD	14,809	$4.9m0.49%	0.49%	Added +122	+122 0.8%
34	VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD VCSH	VCSH	60,420	$4.8m0.48%	0.48%	Reduced -12.7k	-12,695 -17.4%
35	JOHNSON & JOHNSON COM JNJ	JNJ	19,080	$4.7m0.47%	0.47%	Reduced -942	-942 -4.7%
36	EXXON MOBIL CORP COM XOM	XOM	27,264	$4.6m0.47%	0.47%	Reduced -2.2k	-2,177 -7.4%
37	ORACLE CORP COM ORCL	ORCL	31,309	$4.6m0.46%	0.46%	Added +1.5k	+1,533 5.2%
38	META PLATFORMS INC CL A META	META	8,006	$4.6m0.46%	0.46%	Added +288	+288 3.7%
39	ISHARES TR NEW YORK MUN ETF NYF	NYF	86,120	$4.6m0.46%	0.46%	Reduced -2.4k	-2,351 -2.7%
40	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	9,113	$4.4m0.44%	0.44%	Reduced -340	-340 -3.6%
41	ELI LILLY & CO COM LLY	LLY	4,681	$4.3m0.43%	0.43%	Reduced -262	-262 -5.3%
42	CATERPILLAR INC COM CAT	CAT	5,919	$4.2m0.42%	0.42%	Reduced -910	-910 -13.3%
43	VISA INC COM CL A V	V	13,714	$4.1m0.42%	0.42%	Added +149	+149 1.1%
44	CISCO SYS INC COM CSCO	CSCO	47,435	$3.7m0.37%	0.37%	Added +473	+473 1.0%
45	WALMART INC COM WMT	WMT	28,946	$3.6m0.36%	0.36%	Reduced -3.2k	-3,169 -9.9%
46	COSTCO WHSL CORP NEW COM COST	COST	3,434	$3.4m0.34%	0.34%	Reduced -119	-119 -3.4%
47	BLACKROCK INC COM BLK	BLK	3,417	$3.3m0.33%	0.33%	Reduced -121	-121 -3.4%
48	TJX COS INC NEW COM TJX	TJX	20,562	$3.3m0.33%	0.33%	Reduced -656	-656 -3.1%
49	SALESFORCE INC COM CRM	CRM	17,398	$3.2m0.33%	0.33%	Added +1.9k	+1,852 11.9%
50	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	20,186	$3.2m0.32%	0.32%	Added +696	+696 3.6%
51	ALPHABET INC CAP STK CL C GOOG	GOOG	10,778	$3.1m0.31%	0.31%	Reduced -853	-853 -7.3%
52	AMGEN INC COM AMGN	AMGN	8,737	$3.1m0.31%	0.31%	Reduced -329	-329 -3.6%
53	BANK AMERICA CORP COM BAC	BAC	62,841	$3.1m0.31%	0.31%	Reduced -2.3k	-2,260 -3.5%
54	MCDONALDS CORP COM MCD	MCD	9,480	$2.9m0.30%	0.30%	Added +29	+29 0.3%
55	MARVELL TECHNOLOGY INC COM MRVL	MRVL	28,485	$2.8m0.28%	0.28%	Added +2.0k	+2,026 7.7%
56	NETFLIX INC COM NFLX	NFLX	27,620	$2.7m0.27%	0.27%	Reduced -2.7k	-2,730 -9.0%
57	DISNEY WALT CO COM DIS	DIS	27,533	$2.7m0.27%	0.27%	Added +2.3k	+2,349 9.3%
58	PROCTER AND GAMBLE CO COM PG	PG	18,193	$2.6m0.26%	0.26%	Reduced -1.2k	-1,226 -6.3%
59	COCA COLA CO COM KO	KO	32,884	$2.5m0.25%	0.25%	Reduced -1.8k	-1,832 -5.3%
60	MORGAN STANLEY COM NEW MS	MS	15,188	$2.5m0.25%	0.25%	Reduced -1.1k	-1,082 -6.7%
61	PALO ALTO NETWORKS INC COM PANW	PANW	15,518	$2.5m0.25%	0.25%	Added +3.0k	+3,028 24.2%
62	STRYKER CORPORATION COM SYK	SYK	7,571	$2.5m0.25%	0.25%	Reduced -351	-351 -4.4%
63	T-MOBILE US INC COM TMUS	TMUS	11,708	$2.5m0.25%	0.25%	Added +897	+897 8.3%
64	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	4,940	$2.4m0.24%	0.24%	Reduced -183	-183 -3.6%
65	QUANTA SVCS INC COM PWR	PWR	4,247	$2.3m0.23%	0.23%	Reduced -193	-193 -4.3%
66	HONEYWELL INTL INC COM COM		10,307	$2.3m0.23%	0.23%	Added +22	+22 0.2%
67	WILLIAMS COS INC COM WMB	WMB	31,387	$2.3m0.23%	0.23%	Reduced -1.8k	-1,805 -5.4%
68	TRAVELERS COMPANIES INC COM TRV	TRV	7,798	$2.3m0.23%	0.23%	Reduced -347	-347 -4.3%
69	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	16,842	$2.2m0.23%	0.23%	Reduced -14	-14 -0.1%
70	GENERAL DYNAMICS CORP COM GD	GD	6,382	$2.2m0.22%	0.22%	Reduced -312	-312 -4.7%
71	UNION PAC CORP COM UNP	UNP	8,445	$2.0m0.21%	0.21%	Reduced -367	-367 -4.2%
72	CUMMINS INC COM CMI	CMI	3,740	$2.0m0.20%	0.20%	Reduced -528	-528 -12.4%
73	BROADCOM INC COM AVGO	AVGO	6,319	$2.0m0.20%	0.20%	Added +1.4k	+1,415 28.9%
74	ABBOTT LABS COM ABT	ABT	18,555	$1.9m0.19%	0.19%	Added +816	+816 4.6%
75	CONOCOPHILLIPS COM COP	COP	13,535	$1.8m0.18%	0.18%	Reduced -1.2k	-1,190 -8.1%
76	MASTERCARD INCORPORATED CL A MA	MA	3,520	$1.8m0.18%	0.18%	Added +82	+82 2.4%
77	TERADYNE INC COM TER	TER	5,673	$1.7m0.17%	0.17%	Reduced -241	-241 -4.1%
78	DANAHER CORPORATION COM DHR	DHR	8,466	$1.6m0.16%	0.16%	Added +77	+77 0.9%
79	TESLA INC COM TSLA	TSLA	4,248	$1.6m0.16%	0.16%	Added +22	+22 0.5%
80	CHEVRON CORP NEW COM CVX	CVX	7,383	$1.5m0.15%	0.15%	Reduced -560	-560 -7.0%
81	SELECT SECTOR SPDR TR SBI MATERIALS XLB	XLB	30,130	$1.5m0.15%	0.15%	Reduced -824	-824 -2.7%
82	YUM BRANDS INC COM YUM	YUM	9,416	$1.5m0.15%	0.15%	Reduced -99	-99 -1.0%
83	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	2,239	$1.5m0.15%	0.15%	Reduced -5.1k	-5,128 -69.6%
84	MASCO CORP COM MAS	MAS	23,584	$1.4m0.14%	0.14%	Reduced -444	-444 -1.9%
85	PEPSICO INC COM PEP	PEP	9,035	$1.4m0.14%	0.14%	Reduced -860	-860 -8.7%
86	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	2,994	$1.3m0.13%	0.13%	Reduced -91	-91 -3.0%
87	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	18,126	$1.3m0.13%	0.13%	Reduced -519	-519 -2.8%
88	RTX CORPORATION COM RTX	RTX	6,799	$1.3m0.13%	0.13%	Reduced -255	-255 -3.6%
89	ABBVIE INC COM ABBV	ABBV	5,899	$1.3m0.13%	0.13%	Reduced -270	-270 -4.4%
90	LOWES COS INC COM LOW	LOW	4,817	$1.1m0.11%	0.11%	Added +51	+51 1.1%
91	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	8,300	$1.1m0.11%	0.11%	Added +526	+526 6.8%
92	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	22,832	$1.1m0.11%	0.11%	Unchanged
93	ISHARES TR NATIONAL MUN ETF MUB	MUB	10,370	$1.1m0.11%	0.11%	Added +207	+207 2.0%
94	ADOBE INC COM ADBE	ADBE	4,305	$1.0m0.11%	0.11%	Reduced -1.7k	-1,681 -28.1%
95	AMERICAN ELEC PWR CO INC COM AEP	AEP	7,931	$1.0m0.10%	0.10%	Reduced -664	-664 -7.7%
96	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	4,164	$1.0m0.10%	0.10%	Reduced -633	-633 -13.2%
97	MCKESSON CORP COM MCK	MCK	1,129	$977.0k0.10%	0.10%	Added +137	+137 13.8%
98	EATON CORP PLC SHS ETN	ETN	2,636	$942.8k0.09%	0.09%	Added +1.4k	+1,372 108.5%
99	J P MORGAN EXCHANGE TRADED F NASDAQ EQT PREM JEPQ	JEPQ	15,863	$880.7k0.09%	0.09%	Added +1.7k	+1,689 11.9%
100	GE AEROSPACE COM NEW GE	GE	3,103	$880.5k0.09%	0.09%	Reduced -50	-50 -1.6%

Sold out since Q4 2025

Security	Ticker	Shares held before	Value then
PAYCHEX INC PAYX	PAYX	2,240	$251.3k2.2k shares
SPDR SER TR SDY	SDY	1,642	$228.5k1.6k shares
UBER TECHNOLOGIES INC UBER	UBER	2,669	$218.1k2.7k shares