Arrow Financial Corp
AROW- Exchange
- Nasdaq
- Industry
- National Commercial Banks
- SEC CIK
- 0000717538
No open-market purchases or sales by Arrow Financial Corp insiders were filed in the last 90 days; 147 institutions reported holding it in 13F filings for Q2 2026, worth $429.2M in total; no superinvestor holds it.
13F holders, Q4 2025
Institutional positions in Arrow Financial Corp as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 135
- +19 vs. Q3 2025
- Shares held
- 9.47M
- +996.6K (+11.8%) vs. Q3 2025
- Total value
- $292.8M
- +$53.0M (+22.1%) vs. Q3 2025
- New holders
- 24
- 44 more added
- Sold out
- 5
- 37 more reduced
1 institution that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting AROW on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 147 | $429.2M |
| Q1 2026 | 139 | $305.7M |
| Q4 2025 | 135 | $292.8M |
| Q3 2025 | 117 | $239.8M |
| Q2 2025 | 107 | $224.6M |
| Q1 2025 | 112 | $225.8M |
| Q4 2024 | 108 | $245.3M |
| Q3 2024 | 105 | $238.3M |
| Q2 2024 | 94 | $211.6M |
| Q1 2024 | 101 | $194.7M |
| Q4 2023 | 110 | $215.7M |
| Q3 2023 | 93 | $128.8M |
| Q2 2023 | 94 | $149.7M |
| Q1 2023 | 94 | $182.6M |
| Q4 2022 | 94 | $251.3M |
| Q3 2022 | 91 | $209.3M |
| Q2 2022 | 93 | $224.7M |
| Q1 2022 | 92 | $231.2M |
| Q4 2021 | 93 | $246.7M |
| Q3 2021 | 92 | $239.7M |
| Q2 2021 | 92 | $242.6M |
| Q1 2021 | 92 | $220.1M |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Arrow Financial Corp; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Arrow Financial Corp | 1,871,735 | $58.8M | 5.86% | +14,403+0.8% | Added |
| BlackRock, Inc. | 1,251,086 | $39.3M | 0.00% | −16,184−1.3% | Reduced |
| Vanguard Group Inc | 876,807 | $27.5M | 0.00% | −12,427−1.4% | Reduced |
| Dimensional Fund Advisors LP | 728,534 | $22.9M | 0.00% | −11,919−1.6% | Reduced |
| rhino investment partners, Inc | 789,305 | $20.3M | 5.76% | +561,501+246.5% | Added |
| State Street Corp | 369,085 | $11.6M | 0.00% | −7,831−2.1% | Reduced |
| Geode Capital Management, LLC | 363,724 | $11.4M | 0.00% | −7,455−2.0% | Reduced |
| American Century Companies Inc | 322,964 | $10.1M | 0.01% | −1,030−0.3% | Reduced |
| Renaissance Technologies LLC | 252,205 | $7.92M | 0.01% | +2,917+1.2% | Added |
| Morgan Stanley | 187,897 | $5.90M | 0.00% | −11,499−5.8% | Reduced |
| Acadian Asset Management LLC | 143,019 | $4.49M | 0.01% | +82,066+134.6% | Added |
| Northern Trust Corp | 128,012 | $4.02M | 0.00% | −7,495−5.5% | Reduced |
| Charles Schwab Investment Management Inc | 127,525 | $4.00M | 0.00% | −2,050−1.6% | Reduced |
| Rockefeller Capital Management L.P. | 119,842 | $3.76M | 0.01% | +511+0.4% | Added |
| Hotchkis & Wiley Capital Management LLC | 116,889 | $3.67M | 0.01% | +4,200+3.7% | Added |
| Voya Investment Management LLC | 101,905 | $3.20M | 0.00% | −20,272−16.6% | Reduced |
| Bank of New York Mellon Corp | 86,676 | $2.72M | 0.00% | −1,986−2.2% | Reduced |
| Two Sigma Investments, LP | 80,374 | $2.52M | 0.00% | +18,888+30.7% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 74,328 | $2.33M | 0.01% | −3,400−4.4% | Reduced |
| Segall Bryant & Hamill, LLC | 69,263 | $2.17M | 0.03% | +69,263 | New |
| Arrowstreet Capital, Limited Partnership | 66,697 | $2.09M | 0.00% | +44,131+195.6% | Added |
| Goldman Sachs Group Inc | 64,079 | $2.01M | 0.00% | −8,646−11.9% | Reduced |
| Johnson Investment Counsel Inc | 61,882 | $1.94M | 0.02% | +1,890+3.2% | Added |
| Trust Co of Vermont | 56,365 | $1.77M | 0.07% | −1,000−1.7% | Reduced |
| Two Sigma Advisers, LP | 50,419 | $1.58M | 0.00% | +300+0.6% | Added |
| Marshall Wace, LLP | 50,387 | $1.58M | 0.00% | +23,839+89.8% | Added |
| Martingale Asset Management L P | 48,909 | $1.54M | 0.04% | +26,082+114.3% | Added |
| Nuveen, LLC | 48,699 | $1.53M | 0.00% | 00.0% | Unchanged |
| AQR Capital Management LLC | 45,987 | $1.44M | 0.00% | +13,192+40.2% | Added |
| Jane Street Group, LLC | 42,543 | $1.34M | 0.00% | +3,644+9.4% | Added |
| Price T Rowe Associates Inc | 39,598 | $1.24M | 0.00% | +13,049+49.2% | Added |
| Millennium Management LLC | 31,001 | $973.4K | 0.00% | +1,525+5.2% | Added |
| SummerHaven Investment Management, LLC | 30,767 | $966.1K | 0.55% | 00.0% | Unchanged |
| Gallagher Fiduciary Advisors, LLC | 28,420 | $892.4K | 0.03% | +2,141+8.1% | Added |
| Atria Investments LLC | 28,337 | $889.8K | 0.01% | +2,445+9.4% | Added |
| Bank of America Corp | 28,055 | $880.9K | 0.00% | +10,531+60.1% | Added |
| Citadel Advisors LLC | 27,603 | $866.7K | 0.00% | +27,603 | New |
| Quantinno Capital Management LP | 26,479 | $831.5K | 0.00% | +7,868+42.3% | Added |
| Barclays PLC | 25,339 | $795.6K | 0.00% | +2,143+9.2% | Added |
| Private Advisor Group, LLC | 24,396 | $766.0K | 0.00% | −667−2.7% | Reduced |
| Invesco Ltd. | 23,964 | $752.5K | 0.00% | −5,058−17.4% | Reduced |
| Commonwealth Equity Services, LLC | 22,858 | $717.7K | 0.00% | −1,685−6.9% | Reduced |
| Rhumbline Advisers | 22,131 | $694.9K | 0.00% | −2,866−11.5% | Reduced |
| Wells Fargo & Company | 20,867 | $655.2K | 0.00% | +8,077+63.2% | Added |
| US Bancorp | 20,447 | $642.0K | 0.00% | +19,945+3,973.1% | Added |
| Integrated Quantitative Investments LLC | 20,329 | $638.3K | 0.14% | +20,329 | New |
| HighTower Advisors, LLC | 20,131 | $632.1K | 0.00% | +812+4.2% | Added |
| LPL Financial LLC | 19,523 | $613.0K | 0.00% | +19,523 | New |
| Midwest Trust Co | 16,854 | $529.2K | 0.01% | −80.0% | Reduced |
| Los Angeles Capital Management LLC | 18,800 | $509.9K | 0.00% | +8,350+79.9% | Added |
| Ameriprise Financial Inc | 15,690 | $492.7K | 0.00% | 00.0% | Unchanged |
| Alliancebernstein L.P. | 15,638 | $491.0K | 0.00% | −1,440−8.4% | Reduced |
| State of Wisconsin Investment Board | 15,499 | $486.7K | 0.00% | +2,500+19.2% | Added |
| Legato Capital Management LLC | 15,082 | $473.6K | 0.04% | +15,082 | New |
| Edmp, Inc. | 14,237 | $447.0K | 0.37% | +14,237 | New |
| JPMorgan Chase & Co | 13,954 | $438.2K | 0.00% | −6,243−30.9% | Reduced |
| Washington Trust Advisors, Inc. | 11,110 | $348.9K | 0.03% | −400−3.5% | Reduced |
| Citizens Financial Group Inc | 11,110 | $348.9K | 0.00% | 00.0% | Unchanged |
| Angel Oak Capital Advisors, LLC | 11,000 | $345.4K | 0.50% | 00.0% | Unchanged |
| Parr McKnight Wealth Management Group, LLC | 11,000 | $345.4K | 0.05% | 00.0% | Unchanged |
| Waldron Private Wealth LLC | 10,955 | $344.0K | 0.01% | 00.0% | Unchanged |
| Franklin Resources Inc | 10,764 | $338.0K | 0.00% | +10,764 | New |
| Brandywine Global Investment Management, LLC | 10,100 | $317.1K | 0.00% | +1,720+20.5% | Added |
| MetLife Investment Management | 9,861 | $309.6K | 0.00% | 00.0% | Unchanged |
| Trexquant Investment LP | 9,563 | $300.3K | 0.00% | +2,477+35.0% | Added |
| PharVision Advisers, LLC | 9,559 | $300.2K | 0.15% | +9,559 | New |
| Ieq Capital, LLC | 9,358 | $293.8K | 0.00% | +9,358 | New |
| Janney Montgomery Scott LLC | 9,198 | $289.0K | 0.00% | +720+8.5% | Added |
| Occudo Quantitative Strategies LP | 9,129 | $286.7K | 0.02% | +9,129 | New |
| O'Shaughnessy Asset Management, LLC | 8,347 | $262.1K | 0.00% | +8,347 | New |
| Raymond James Financial Inc | 8,043 | $252.6K | 0.00% | +8,043 | New |
| IFG Advisory, LLC | 7,937 | $249.2K | 0.01% | 00.0% | Unchanged |
| XTX Topco Ltd | 7,642 | $240.0K | 0.01% | +7,642 | New |
| Mirae Asset Global ETFs Holdings Ltd. | 7,596 | $238.5K | 0.00% | −211−2.7% | Reduced |
| Intech Investment Management LLC | 7,196 | $226.0K | 0.00% | +7,196 | New |
| Mariner, LLC | 7,021 | $220.5K | 0.00% | +7,021 | New |
| Deutsche Bank AG | 6,835 | $214.6K | 0.00% | 00.0% | Unchanged |
| New York State Common Retirement Fund | 6,651 | $208.8K | 0.00% | 00.0% | Unchanged |
| First Trust Advisors LP | 6,511 | $204.4K | 0.00% | −2,596−28.5% | Reduced |
| NBT Bank N A | 6,315 | $198.3K | 0.01% | 00.0% | Unchanged |
| Royal Bank of Canada | 6,003 | $188.0K | 0.00% | +571+10.5% | Added |
| FMR LLC | 5,355 | $168.2K | 0.00% | +397+8.0% | Added |
| BNP Paribas Arbitrage, SA | 5,259 | $165.1K | 0.00% | +2,035+63.1% | Added |
| UBS Group AG | 5,098 | $160.1K | 0.00% | −9,469−65.0% | Reduced |
| Plante Moran Financial Advisors, LLC | 4,905 | $154.0K | 0.01% | 00.0% | Unchanged |
| Police & Firemen's Retirement System of New Jersey | 4,600 | $144.4K | 0.00% | 00.0% | Unchanged |
| SG Americas Securities, LLC | 4,521 | $142.0K | 0.00% | +4,521 | New |
| Pinnacle Wealth Planning Services, Inc. | 4,045 | $127.0K | 0.01% | +4,045 | New |
| Canada Pension Plan Investment Board | 3,200 | $100.5K | 0.00% | +3,200 | New |
| CWM, LLC | 2,561 | $80.0K | 0.00% | +807+46.0% | Added |
| Advisor Group Holdings, Inc. | 2,521 | $79.2K | 0.00% | −1,831−42.1% | Reduced |
| Citigroup Inc | 2,489 | $78.2K | 0.00% | +1,178+89.9% | Added |
| Adirondack Trust Co | 2,456 | $77.1K | 0.03% | 00.0% | Unchanged |
| LSV Asset Management | 2,400 | $75.0K | 0.00% | +2,400 | New |
| Great West Life Assurance Co | 1,557 | $49.0K | 0.00% | +338+27.7% | Added |
| Russell Investments Group, Ltd. | 1,523 | $47.8K | 0.00% | 00.0% | Unchanged |
| Legal & General Group Plc | 1,500 | $47.1K | 0.00% | 00.0% | Unchanged |
| Clean Yield Group | 1,458 | $45.8K | 0.01% | 00.0% | Unchanged |
| Ameritas Investment Partners, Inc. | 1,323 | $41.5K | 0.00% | −340−20.4% | Reduced |
| Brown, Lisle/Cummings, Inc. | 1,310 | $41.1K | 0.01% | +12+0.9% | Added |