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 |
|---|---|---|---|---|---|
| Huntington National Bank | 1 | $31 | 0.00% | 00.0% | Unchanged |
| Clearstead Advisors, LLC | 1 | $32 | 0.00% | +1 | New |
| Sunbelt Securities, Inc. | 2 | $63 | 0.00% | 00.0% | Unchanged |
| City State Bank | 9 | $283 | 0.00% | 00.0% | Unchanged |
| True Wealth Design, LLC | 10 | $314 | 0.00% | +2+25.0% | Added |
| Massmutual Trust Co FSB | 17 | $534 | 0.00% | 00.0% | Unchanged |
| Allworth Financial LP | 18 | $566 | 0.00% | +8+80.0% | Added |
| Parallel Advisors, LLC | 19 | $597 | 0.00% | +19 | New |
| Torren Management, LLC | 22 | $691 | 0.00% | +22 | New |
| IFP Advisors, Inc | 29 | $911 | 0.00% | 00.0% | Unchanged |
| MAI Capital Management | 31 | $974 | 0.00% | +8+34.8% | Added |
| Rothschild Investment LLC | 48 | $1.51K | 0.00% | +18+60.0% | Added |
| Quadrant Capital Group LLC | 54 | $1.70K | 0.00% | −132−71.0% | Reduced |
| SBI Securities Co., Ltd. | 70 | $2.20K | 0.00% | −17−19.5% | Reduced |
| Farther Finance Advisors, LLC | 95 | $2.98K | 0.00% | +18+23.4% | Added |
| Smartleaf Asset Management LLC | 96 | $3.03K | 0.00% | 00.0% | Unchanged |
| SRS Capital Advisors, Inc. | 103 | $3.23K | 0.00% | −371−78.3% | Reduced |
| Optiver Holding B.V. | 142 | $4.46K | 0.00% | 00.0% | Unchanged |
| Jones Financial Companies LLLP | 160 | $5.02K | 0.00% | 00.0% | Unchanged |
| Brown Brothers Harriman & Co | 166 | $5.21K | 0.00% | +166 | New |
| Essential Partners LLC | 169 | $5.31K | 0.00% | +18+11.9% | Added |
| Hillsdale Investment Management Inc. | 260 | $8.16K | 0.00% | +260 | New |
| Harbour Investments, Inc. | 320 | $10.0K | 0.00% | 00.0% | Unchanged |
| Tower Research Capital LLC (TRC) | 385 | $12.1K | 0.00% | −217−36.0% | Reduced |
| GAMMA Investing LLC | 490 | $15.4K | 0.00% | −199−28.9% | Reduced |
| The PNC Financial Services Group, Inc. | 498 | $15.7K | 0.00% | +90+22.1% | Added |
| Amalgamated Bank | 512 | $16.0K | 0.00% | −55−9.7% | Reduced |
| Nisa Investment Advisors, LLC | 563 | $17.7K | 0.00% | 00.0% | Unchanged |
| Quarry LP | 642 | $20.2K | 0.00% | +103+19.1% | Added |
| EverSource Wealth Advisors, LLC | 662 | $20.8K | 0.00% | −43−6.1% | Reduced |
| State of Alaska, Department of Revenue | 675 | $21.0K | 0.00% | 00.0% | Unchanged |
| Global Retirement Partners, LLC | 773 | $24.3K | 0.00% | 00.0% | Unchanged |
| Sterling Capital Management LLC | 896 | $28.1K | 0.00% | −184−17.0% | Reduced |
| California State Teachers Retirement System | 1,003 | $31.5K | 0.00% | −188−15.8% | Reduced |
| Signaturefd, LLC | 1,169 | $36.7K | 0.00% | −27−2.3% | Reduced |
| Brown, Lisle/Cummings, Inc. | 1,310 | $41.1K | 0.01% | +12+0.9% | Added |
| Ameritas Investment Partners, Inc. | 1,323 | $41.5K | 0.00% | −340−20.4% | Reduced |
| Clean Yield Group | 1,458 | $45.8K | 0.01% | 00.0% | Unchanged |
| Legal & General Group Plc | 1,500 | $47.1K | 0.00% | 00.0% | Unchanged |
| Russell Investments Group, Ltd. | 1,523 | $47.8K | 0.00% | 00.0% | Unchanged |
| Great West Life Assurance Co | 1,557 | $49.0K | 0.00% | +338+27.7% | Added |
| LSV Asset Management | 2,400 | $75.0K | 0.00% | +2,400 | New |
| Adirondack Trust Co | 2,456 | $77.1K | 0.03% | 00.0% | Unchanged |
| Citigroup Inc | 2,489 | $78.2K | 0.00% | +1,178+89.9% | Added |
| Advisor Group Holdings, Inc. | 2,521 | $79.2K | 0.00% | −1,831−42.1% | Reduced |
| CWM, LLC | 2,561 | $80.0K | 0.00% | +807+46.0% | Added |
| Canada Pension Plan Investment Board | 3,200 | $100.5K | 0.00% | +3,200 | New |
| Pinnacle Wealth Planning Services, Inc. | 4,045 | $127.0K | 0.01% | +4,045 | New |
| SG Americas Securities, LLC | 4,521 | $142.0K | 0.00% | +4,521 | New |
| Police & Firemen's Retirement System of New Jersey | 4,600 | $144.4K | 0.00% | 00.0% | Unchanged |
| Plante Moran Financial Advisors, LLC | 4,905 | $154.0K | 0.01% | 00.0% | Unchanged |
| UBS Group AG | 5,098 | $160.1K | 0.00% | −9,469−65.0% | Reduced |
| BNP Paribas Arbitrage, SA | 5,259 | $165.1K | 0.00% | +2,035+63.1% | Added |
| FMR LLC | 5,355 | $168.2K | 0.00% | +397+8.0% | Added |
| Royal Bank of Canada | 6,003 | $188.0K | 0.00% | +571+10.5% | Added |
| NBT Bank N A | 6,315 | $198.3K | 0.01% | 00.0% | Unchanged |
| First Trust Advisors LP | 6,511 | $204.4K | 0.00% | −2,596−28.5% | Reduced |
| New York State Common Retirement Fund | 6,651 | $208.8K | 0.00% | 00.0% | Unchanged |
| Deutsche Bank AG | 6,835 | $214.6K | 0.00% | 00.0% | Unchanged |
| Mariner, LLC | 7,021 | $220.5K | 0.00% | +7,021 | New |
| Intech Investment Management LLC | 7,196 | $226.0K | 0.00% | +7,196 | New |
| Mirae Asset Global ETFs Holdings Ltd. | 7,596 | $238.5K | 0.00% | −211−2.7% | Reduced |
| XTX Topco Ltd | 7,642 | $240.0K | 0.01% | +7,642 | New |
| IFG Advisory, LLC | 7,937 | $249.2K | 0.01% | 00.0% | Unchanged |
| Raymond James Financial Inc | 8,043 | $252.6K | 0.00% | +8,043 | New |
| O'Shaughnessy Asset Management, LLC | 8,347 | $262.1K | 0.00% | +8,347 | New |
| Occudo Quantitative Strategies LP | 9,129 | $286.7K | 0.02% | +9,129 | New |
| Janney Montgomery Scott LLC | 9,198 | $289.0K | 0.00% | +720+8.5% | Added |
| Ieq Capital, LLC | 9,358 | $293.8K | 0.00% | +9,358 | New |
| PharVision Advisers, LLC | 9,559 | $300.2K | 0.15% | +9,559 | New |
| Trexquant Investment LP | 9,563 | $300.3K | 0.00% | +2,477+35.0% | Added |
| MetLife Investment Management | 9,861 | $309.6K | 0.00% | 00.0% | Unchanged |
| Brandywine Global Investment Management, LLC | 10,100 | $317.1K | 0.00% | +1,720+20.5% | Added |
| Franklin Resources Inc | 10,764 | $338.0K | 0.00% | +10,764 | New |
| Waldron Private Wealth LLC | 10,955 | $344.0K | 0.01% | 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 |
| 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 |
| JPMorgan Chase & Co | 13,954 | $438.2K | 0.00% | −6,243−30.9% | Reduced |
| Edmp, Inc. | 14,237 | $447.0K | 0.37% | +14,237 | New |
| Legato Capital Management LLC | 15,082 | $473.6K | 0.04% | +15,082 | New |
| State of Wisconsin Investment Board | 15,499 | $486.7K | 0.00% | +2,500+19.2% | Added |
| Alliancebernstein L.P. | 15,638 | $491.0K | 0.00% | −1,440−8.4% | Reduced |
| Ameriprise Financial Inc | 15,690 | $492.7K | 0.00% | 00.0% | Unchanged |
| Los Angeles Capital Management LLC | 18,800 | $509.9K | 0.00% | +8,350+79.9% | Added |
| Midwest Trust Co | 16,854 | $529.2K | 0.01% | −80.0% | Reduced |
| LPL Financial LLC | 19,523 | $613.0K | 0.00% | +19,523 | New |
| HighTower Advisors, LLC | 20,131 | $632.1K | 0.00% | +812+4.2% | Added |
| Integrated Quantitative Investments LLC | 20,329 | $638.3K | 0.14% | +20,329 | New |
| US Bancorp | 20,447 | $642.0K | 0.00% | +19,945+3,973.1% | Added |
| Wells Fargo & Company | 20,867 | $655.2K | 0.00% | +8,077+63.2% | Added |
| Rhumbline Advisers | 22,131 | $694.9K | 0.00% | −2,866−11.5% | Reduced |
| Commonwealth Equity Services, LLC | 22,858 | $717.7K | 0.00% | −1,685−6.9% | Reduced |
| Invesco Ltd. | 23,964 | $752.5K | 0.00% | −5,058−17.4% | Reduced |
| Private Advisor Group, LLC | 24,396 | $766.0K | 0.00% | −667−2.7% | Reduced |
| Barclays PLC | 25,339 | $795.6K | 0.00% | +2,143+9.2% | Added |
| Quantinno Capital Management LP | 26,479 | $831.5K | 0.00% | +7,868+42.3% | Added |
| Citadel Advisors LLC | 27,603 | $866.7K | 0.00% | +27,603 | New |
| Bank of America Corp | 28,055 | $880.9K | 0.00% | +10,531+60.1% | Added |