Q4 2025 · 13F-HR
ARROW FINANCIAL CORP (AROW)holdings as filed
Filed 2026-02-05 · accession 0000717538-26-000011
$1.00B
Reported value
159
Positions
2025-12-31
Period end
The Brief · ARROW FINANCIAL CORP (AROW) · Q4 2025
AI · grounded in 13F
ARROW FINANCIAL CORP (AROW) closed its position in IBHE for a reduction of $15.5M. The fund established new positions in IBCA for $14.7M, JEPI for $11.2M, and VOLT for $10.7M. Additionally, the fund trimmed its holdings in XLRE by 90.9% and QQQ by 8.5%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 922908363 | VOO | VANGUARD S&P 500 ETF | $123.7M | 12.3% | 197,217 | Common | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TRUST SERIES 1 | $85.6M | 8.54% | 139,387 | Common | SOLE |
| 042744102 | AROW | ARROW FINANCIAL CORPORATION | $58.8M | 5.86% | 1,871,735 | Common | SOLE |
| 464287507 | IJH | ISHARES CORE S&P MID-CAP ETF | $54.8M | 5.46% | 830,319 | Common | SOLE |
| 46435G326 | IDEV | ISHARES CORE MSCI DEV MKTS ETF | $45.1M | 4.49% | 546,267 | Common | SOLE |
| 78464A508 | SPYV | SPDR PORTFOLIO S&P 500 VALUE ETF | $44.5M | 4.44% | 783,199 | Common | SOLE |
| 464287804 | IJR | ISHARES CORE S&P SMALL-CAP ETF | $42.8M | 4.27% | 356,011 | Common | SOLE |
| 46436E528 | IBHF | ISHARES IBONDS 2026 TERM HIGH YIELD AND INC | $28.1M | 2.80% | 1,215,960 | Common | SOLE |
| 922908629 | VO | VANGUARD MID-CAP ETF | $27.7M | 2.76% | 95,506 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $19.4M | 1.93% | 71,340 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORP | $19.1M | 1.90% | 102,284 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC CL A | $17.2M | 1.72% | 54,974 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $16.6M | 1.65% | 34,325 | Common | SOLE |
| 46436E312 | IBDX | ISHARES IBONDS DEC 2032 TC ETF | $15.3M | 1.52% | 599,146 | Common | SOLE |
| 46436E486 | IBDW | ISHARES IBONDS DEC 2031 TERM CORP | $14.9M | 1.48% | 703,778 | Common | SOLE |
| 46438G372 | IBCA | ISHARES TR IBONDS DEC 2035 | $14.7M | 1.47% | 568,567 | Common | SOLE |
| 46436E726 | IBDV | ISHARES IBONDS DEC 2030 TERM CORP | $14.7M | 1.47% | 667,192 | Common | SOLE |
| 46436E130 | IBDY | ISHARES IBONDS DEC 2033 CORP | $14.5M | 1.45% | 555,895 | Common | SOLE |
| 46435U515 | IBDT | ISHARES IBONDS DEC 2028 TERM CORP | $14.3M | 1.43% | 563,080 | Common | SOLE |
| 46436E205 | IBDU | ISHARES IBONDS DEC 2029 TERM CORP | $14.1M | 1.41% | 603,395 | Common | SOLE |
| 46435GAA0 | IBDR | ISHARES IBONDS DEC 2026 TERM CORP | $14.0M | 1.40% | 577,982 | Common | SOLE |
| 46435UAA9 | IBDS | ISHARES IBONDS DEC 2027 TERM CORP | $14.0M | 1.40% | 576,590 | Common | SOLE |
| 922908751 | VB | VANGUARD SMALL-CAP ETF | $11.7M | 1.16% | 45,248 | Common | SOLE |
| 46641Q332 | JEPI | J P MORGAN EXCHANGE TRADED FD EQUITY PREMIUM | $11.2M | 1.11% | 195,286 | Common | SOLE |
| 87975E834 | VOLT | TEMA ELECTRIFICATION ETF | $10.7M | 1.07% | 370,946 | Common | SOLE |
| 46438G653 | IBDZ | ISHARES IBONDS DEC 2034 TM CORP | $10.6M | 1.05% | 400,877 | Common | SOLE |
| 023135106 | AMZN | AMAZON.COM INC | $9.0M | 0.89% | 38,814 | Common | SOLE |
| 46625H100 | JPM | JP MORGAN CHASE & CO | $8.2M | 0.82% | 25,415 | Common | SOLE |
| 464287226 | AGG | ISHARES CORE U.S. AGGREGATE | $6.5M | 0.65% | 64,846 | Common | SOLE |
| 00039J764 | NYM | AB NEW YORK INTERMEDIATE MUNI ETF | $6.3M | 0.63% | 251,559 | Common | SOLE |
| 92206C409 | VCSH | VANGUARD SHORT TERM CORP BOND ETF | $5.8M | 0.58% | 73,115 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORPORATION | $5.8M | 0.58% | 29,776 | Common | SOLE |
| 032095101 | APH | AMPHENOL CORP CL A | $5.4M | 0.54% | 40,293 | Common | SOLE |
| 532457108 | LLY | LILLY ELI & CO | $5.3M | 0.53% | 4,943 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC CL A | $5.1M | 0.51% | 7,718 | Common | SOLE |
| 437076102 | HD | HOME DEPOT INC | $5.1M | 0.50% | 14,687 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TRUST | $5.0M | 0.50% | 7,367 | Common | SOLE |
| 92826C839 | V | VISA INC CL A | $4.8M | 0.47% | 13,565 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC-CL B | $4.8M | 0.47% | 9,453 | Common | SOLE |
| 464288323 | NYF | ISHARES NEW YORK MUNI BOND ETF | $4.7M | 0.47% | 88,471 | Common | SOLE |
| 464288653 | TLH | ISHARES 10-20 YEAR TREASURY BOND ETF | $4.4M | 0.44% | 43,178 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $4.1M | 0.41% | 20,022 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $4.1M | 0.41% | 15,546 | Common | SOLE |
| 149123101 | CAT | CATERPILLAR INC | $3.9M | 0.39% | 6,829 | Common | SOLE |
| 09290D101 | BLK | BLACKROCK INC | $3.8M | 0.38% | 3,538 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC CL C | $3.6M | 0.36% | 11,631 | Common | SOLE |
| 17275R102 | CSCO | CISCO SYSTEMS INC | $3.6M | 0.36% | 46,962 | Common | SOLE |
| 060505104 | BAC | BANK OF AMERICA CORP | $3.6M | 0.36% | 65,101 | Common | SOLE |
| 931142103 | WMT | WALMART INC | $3.6M | 0.36% | 32,115 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $3.5M | 0.35% | 29,441 | Common | SOLE |
| 872540109 | TJX | TJX COS INC | $3.3M | 0.32% | 21,218 | Common | SOLE |
| 45866F104 | ICE | INTERCONTINENTAL EXCHANGE GROUP, INC | $3.2M | 0.31% | 19,490 | Common | SOLE |
| 22160K105 | COST | COSTCO WHOLESALE CORP | $3.1M | 0.31% | 3,553 | Common | SOLE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $3.0M | 0.30% | 5,123 | Common | SOLE |
| 031162100 | AMGN | AMGEN INC | $3.0M | 0.30% | 9,066 | Common | SOLE |
| 580135101 | MCD | MCDONALDS CORP | $2.9M | 0.29% | 9,451 | Common | SOLE |
| 617446448 | MS | MORGAN STANLEY | $2.9M | 0.29% | 16,270 | Common | SOLE |
| 254687106 | DIS | DISNEY WALT CO NEW | $2.9M | 0.29% | 25,184 | Common | SOLE |
| 64110L106 | NFLX | NETFLIX INC | $2.8M | 0.28% | 30,350 | Common | SOLE |
| 863667101 | SYK | STRYKER CORPORATION | $2.8M | 0.28% | 7,922 | Common | SOLE |
| 742718109 | PG | PROCTER & GAMBLE CO | $2.8M | 0.28% | 19,419 | Common | SOLE |
| 191216100 | KO | COCA COLA CO | $2.4M | 0.24% | 34,716 | Common | SOLE |
| 81369Y803 | XLK | TECHNOLOGY SELECT SECTOR SPDR FUND | $2.4M | 0.24% | 16,856 | Common | SOLE |
| 89417E109 | TRV | TRAVELERS COMPANIES INC | $2.4M | 0.24% | 8,145 | Common | SOLE |
| 697435105 | PANW | PALO ALTO NETWORKS INC | $2.3M | 0.23% | 12,490 | Common | SOLE |
| 369550108 | GD | GENERAL DYNAMICS CORP | $2.3M | 0.22% | 6,694 | Common | SOLE |
| 573874104 | MRVL | MARVELL TECHNOLOGY INC | $2.2M | 0.22% | 26,459 | Common | SOLE |
| 002824100 | ABT | ABBOTT LABS | $2.2M | 0.22% | 17,739 | Common | SOLE |
| 872590104 | TMUS | T-MOBILE US INC | $2.2M | 0.22% | 10,811 | Common | SOLE |
| 231021106 | CMI | CUMMINS INC | $2.2M | 0.22% | 4,268 | Common | SOLE |
| 00724F101 | ADBE | ADOBE INC | $2.1M | 0.21% | 5,986 | Common | SOLE |
| 907818108 | UNP | UNION PAC CORP | $2.0M | 0.20% | 8,812 | Common | SOLE |
| 438516106 | HON | HONEYWELL INTERNATIONAL INC | $2.0M | 0.20% | 10,285 | Common | SOLE |
| 969457100 | WMB | WILLIAMS COS INC | $2.0M | 0.20% | 33,192 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INC CL A | $2.0M | 0.20% | 3,438 | Common | SOLE |
| 235851102 | DHR | DANAHER CORP | $1.9M | 0.19% | 8,389 | Common | SOLE |
| 88160R101 | TSLA | TESLA INC | $1.9M | 0.19% | 4,226 | Common | SOLE |
| 74762E102 | QURE | QUANTA SERVICES INC | $1.9M | 0.19% | 4,440 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $1.7M | 0.17% | 4,904 | Common | SOLE |
| 574599106 | MAS | MASCO CORP | $1.5M | 0.15% | 24,028 | Common | SOLE |
| 988498101 | YUM | YUM BRANDS INC | $1.4M | 0.14% | 9,515 | Common | SOLE |
| 459200101 | IBM | INTL. BUSINESS MACHINES CORP | $1.4M | 0.14% | 4,797 | Common | SOLE |
| 713448108 | PEP | PEPSICO INC | $1.4M | 0.14% | 9,895 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $1.4M | 0.14% | 6,169 | Common | SOLE |
| 81369Y100 | XLB | MATERIALS SELECT SECTOR SPDR FUND | $1.4M | 0.14% | 30,954 | Common | SOLE |
| 92532F100 | VRTX | VERTEX PHARMACEUTICALS INC | $1.4M | 0.14% | 3,085 | Common | SOLE |
| 921937835 | BND | VANGUARD TOTAL BOND MARKET ETF | $1.4M | 0.14% | 18,645 | Common | SOLE |
| 20825C104 | COP | CONOCOPHILLIPS | $1.4M | 0.14% | 14,725 | Common | SOLE |
| 75513E101 | RTX | RTX CORPORATION | $1.3M | 0.13% | 7,054 | Common | SOLE |
| 81369Y605 | XLF | FINANCIAL SELECT SECTOR SPDR FUND | $1.3M | 0.12% | 22,832 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORPORATION | $1.2M | 0.12% | 7,943 | Common | SOLE |
| 548661107 | LOW | LOWES COS INC | $1.1M | 0.11% | 4,766 | Common | SOLE |
| 45687V106 | IR | INGERSOLL-RAND INC | $1.1M | 0.11% | 14,460 | Common | SOLE |
| 880770102 | TER | TERADYNE INC | $1.1M | 0.11% | 5,914 | Common | SOLE |
| 464288414 | MUB | ISHARES NATIONAL MUNI BOND ETF | $1.1M | 0.11% | 10,163 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $1.1M | 0.11% | 3,227 | Common | SOLE |
| 025816109 | AXP | AMERICAN EXPRESS CO | $1.1M | 0.10% | 2,839 | Common | SOLE |
| 030420103 | AWK | AMERICAN WATER WORKS CO INC | $1.0M | 0.10% | 7,774 | Common | SOLE |
| 025537101 | AEP | AMERICAN ELEC PWR INC | $991,089 | 0.10% | 8,595 | Common | SOLE |
| 369604301 | GE | GE AEROSPACE | $971,219 | 0.10% | 3,153 | Common | SOLE |
| 81369Y209 | XLV | HEALTH CARE SELECT SECTOR SPDR FUND | $905,890 | 0.09% | 5,852 | Common | SOLE |
| 81369Y860 | XLRE | REAL ESTATE SELECT SECTOR SPDR FUND | $905,064 | 0.09% | 22,430 | Common | SOLE |
| 053015103 | ADP | AUTOMATIC DATA PROCESSING INC | $898,247 | 0.09% | 3,492 | Common | SOLE |
| 46435G243 | SUSB | ISHARES ESG AWARE 1-5 YEAR USD ETF | $871,916 | 0.09% | 34,545 | Common | SOLE |
| 464287200 | IVV | ISHARES CORE S&P 500 ETF | $867,134 | 0.09% | 1,266 | Common | SOLE |
| 871829107 | SYY | SYSCO CORP | $832,991 | 0.08% | 11,304 | Common | SOLE |
| 81369Y704 | XLI | INDUSTRIAL SELECT SECTOR SPDR FUND | $825,083 | 0.08% | 5,319 | Common | SOLE |
| 46654Q203 | JEPQ | J P MORGAN EXCHANGE TRADED FD NASDAQ EQT PREM | $823,793 | 0.08% | 14,174 | Common | SOLE |
| 58155Q103 | MCK | MCKESSON CORP COM | $813,728 | 0.08% | 992 | Common | SOLE |
| 25746U109 | D | DOMINION ENERGY INC | $804,792 | 0.08% | 13,736 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO INC | $736,293 | 0.07% | 6,995 | Common | SOLE |
| 72201R833 | MINT | PIMCO ENHANCED SHORT MATURITY ETF | $707,598 | 0.07% | 7,052 | Common | SOLE |
| 88579Y101 | MMM | 3M CO | $702,039 | 0.07% | 4,385 | Common | SOLE |
| 81369Y407 | XLY | CONS DISC SELECT SECTOR SPDR FUND | $668,577 | 0.07% | 5,599 | Common | SOLE |
| 833445109 | SNOW | SNOWFLAKE INC CL A | $637,460 | 0.06% | 2,906 | Common | SOLE |
| 278865100 | ECL | ECOLAB INC | $635,561 | 0.06% | 2,421 | Common | SOLE |
| 81369Y886 | XLU | UTILITIES SELECT SECTOR SPDR FUND | $622,079 | 0.06% | 14,572 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TRUST | $621,018 | 0.06% | 1,567 | Common | SOLE |
| 882508104 | TXN | TEXAS INSTRUMENTS INC | $617,451 | 0.06% | 3,559 | Common | SOLE |
| 842587107 | SO | SOUTHERN COMPANY | $585,722 | 0.06% | 6,717 | Common | SOLE |
| 922908553 | VNQ | VANGUARD REAL ESTATE ETF | $582,618 | 0.06% | 6,584 | Common | SOLE |
| 65339F101 | NEE | NEXTERA ENERGY INC | $558,668 | 0.06% | 6,959 | Common | SOLE |
| 36828A101 | GEV | GE VERNOVA LLC | $550,306 | 0.05% | 842 | Common | SOLE |
| 194162103 | CL | COLGATE PALMOLIVE CO | $544,368 | 0.05% | 6,889 | Common | SOLE |
| 78464A409 | SPYG | SPDR PORTFOLIO S&P 500 GROWTH ETF | $516,641 | 0.05% | 4,842 | Common | SOLE |
| 461202103 | INTU | INTUIT INC | $508,739 | 0.05% | 768 | Common | SOLE |
| 277432100 | EMN | EASTMAN CHEMICAL CO | $499,214 | 0.05% | 7,821 | Common | SOLE |
| 291011104 | EMR | EMERSON ELEC CO | $476,066 | 0.05% | 3,587 | Common | SOLE |
| 81369Y852 | XLC | COMM. SERV. SELECT SECTOR SPDR FUND | $465,583 | 0.05% | 3,955 | Common | SOLE |
| 949746101 | WMT2 | WELLS FARGO & CO | $464,975 | 0.05% | 4,989 | Common | SOLE |
| 922908769 | VTI | VANGUARD TOTAL STOCK MARKET ETF | $462,002 | 0.05% | 1,378 | Common | SOLE |
| 92343V104 | VZ | VERIZON COMMUNICATIONS | $442,287 | 0.04% | 10,859 | Common | SOLE |
| 038222105 | AMAT | APPLIED MATERIALS INC | $433,028 | 0.04% | 1,685 | Common | SOLE |
| G29183103 | ETN | EATON CORP PLC | $402,596 | 0.04% | 1,264 | Common | SOLE |
| 464287499 | IWR | ISHARES RUSSELL MIDCAP ETF | $392,397 | 0.04% | 4,076 | Common | SOLE |
| 855244109 | SBUX | STARBUCKS CORP | $343,492 | 0.03% | 4,079 | Common | SOLE |
| 256746108 | DLTR | DOLLAR TREE INC | $343,198 | 0.03% | 2,790 | Common | SOLE |
| 458140100 | INTC | INTEL CORP | $331,178 | 0.03% | 8,975 | Common | SOLE |
| 655844108 | NSC | NORFOLK SOUTHERN CORP | $327,408 | 0.03% | 1,134 | Common | SOLE |
| 717081103 | PFE | PFIZER INC | $292,475 | 0.03% | 11,746 | Common | SOLE |
| 110122108 | BMY | BRISTOL MYERS SQUIBB CO | $283,239 | 0.03% | 5,251 | Common | SOLE |
| 81369Y506 | XLE | ENERGY SELECT SECTOR SPDR FUND | $282,389 | 0.03% | 6,316 | Common | SOLE |
| 14448C104 | CARR | CARRIER GLOBAL CORP | $262,879 | 0.03% | 4,975 | Common | SOLE |
| 891160509 | TD | TORONTO DOMINION BANK | $251,326 | 0.03% | 2,668 | Common | SOLE |
| 704326107 | PAYX | PAYCHEX INC | $251,283 | 0.03% | 2,240 | Common | SOLE |
| 46435U259 | IBMO | ISHARES IBONDS DEC 2026 MUNI ETF | $242,295 | 0.02% | 9,451 | Common | SOLE |
| 46435U283 | IBMP | ISHARES IBONDS DEC 2027 MUNI ETF | $241,637 | 0.02% | 9,517 | Common | SOLE |
| 46435U325 | IBMQ | ISHARES IBONDS DEC 2028 TERM MUNI | $241,633 | 0.02% | 9,448 | Common | SOLE |
| N53745100 | LYB | LYONDELLBASELL INDUSTRIES NV | $239,406 | 0.02% | 5,529 | Common | SOLE |
| 67092P607 | NUSC | NUVEEN ESG SMALL-CAP ETF | $229,948 | 0.02% | 5,150 | Common | SOLE |
| 81369Y308 | XLP | CONS STAPLES SELECT SECT SPDR FUND | $229,622 | 0.02% | 2,956 | Common | SOLE |
| 78464A763 | SDY | SPDR S&P DIVIDEND ETF | $228,501 | 0.02% | 1,642 | Common | SOLE |
| 38141G104 | GS | GOLDMAN SACHS GROUP INC | $218,871 | 0.02% | 249 | Common | SOLE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $218,084 | 0.02% | 2,669 | Common | SOLE |
| 00206R102 | T | AT&T INC | $213,724 | 0.02% | 8,604 | Common | SOLE |
| 78464A870 | XBI | SPDR S&P BIOTECH ETF | $206,793 | 0.02% | 1,696 | Common | SOLE |
| 539830109 | LMT | LOCKHEED MARTIN CORP | $200,239 | 0.02% | 414 | Common | SOLE |
| 345370860 | F | FORD MOTOR CO DEL | $141,420 | 0.01% | 10,779 | Common | SOLE |
| 68375N103 | OPK | OPKO HEALTH INC COM | $31,500 | 0.00% | 25,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.