Latest ARROW FINANCIAL CORP Stock Portfolio

ARROW FINANCIAL CORP Performance:

2025 Q3: 4.27%YTD: 5.21%2024: 5.27%

Performance for 2025 Q3 is 4.27%, and YTD is 5.21%, and 2024 is 5.27%.

About ARROW FINANCIAL CORP and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, Arrow Financial Corp reported an equity portfolio of $978 Millions as of 30 Sep, 2025.

The top stock holdings of Arrow Financial Corp are VB, QQQ, IJR. The fund has invested 13.3% of it's portfolio in VANGUARD S&P 500 ETF and 9.4% of portfolio in INVESCO QQQ TRUST SERIES 1.

The fund managers got completely rid off ISHARES 1-5Y INV GRADE CORP ETF (AAXJ), CHESAPEAKE UTILITIES CORP (CPK) and NATIONAL GRID PLC SPONS ADR (NGG) stocks. They significantly reduced their stock positions in MERCK & CO INC (MRK), PIMCO ENHANCED SHORT MATURITY ETF (BOND) and LYONDELLBASELL INDUSTRIES NV (LYB). Arrow Financial Corp opened new stock positions in NORFOLK SOUTHERN CORP (NSC), INTEL CORP (INTC) and TORONTO DOMINION BANK. The fund showed a lot of confidence in some stocks as they added substantially to BROADCOM INC (AVGO), AMERICAN ELEC PWR INC (AEP) and ISHARES IBONDS 2026 TERM HIGH YIELD AND INC (DMXF).

ARROW FINANCIAL CORP Annual Return Estimates Vs S&P 500

Our best estimate is that Arrow Financial Corp made a return of 4.27% in the last quarter. In trailing 12 months, it's portfolio return was 6.24%.

Performance
S&P 500

New Buys

Ticker	$ Bought
norfolk southern corp	355,084
intel corp	288,698
toronto dominion bank	213,307
sherwin williams co	206,717
general mls inc	204,151
opko health inc com	38,750

New stocks bought by ARROW FINANCIAL CORP

Additions

Ticker	% Inc.
broadcom inc	33.12
american elec pwr inc	32.93
ishares ibonds 2026 term high yield and inc	24.48
automatic data processing inc	24.32
ishares ibonds dec 2034 tm corp	19.77
southern company	18.44
american express co	14.24
marvell technology inc	12.65

Additions to existing portfolio by ARROW FINANCIAL CORP

Reductions

Ticker	% Reduced
merck & co inc	-31.63
pimco enhanced short maturity etf	-28.44
lyondellbasell industries nv	-27.04
ishares ibonds 2025 h/y inc etf	-22.92
lockheed martin corp	-22.29
unitedhealth group inc	-20.05
teradyne inc	-19.26
lennar corp cl a	-18.77

ARROW FINANCIAL CORP reduced stake in above stock

Sold off

Ticker	$ Sold
ishares ibonds dec 2025 term corp	-11,910,700
ishares 1-5y inv grade corp etf	-349,535
national grid plc spons adr	-240,568
paypal holdings inc	-224,892
chesapeake utilities corp	-298,146
otis worldwide corp	-205,467

ARROW FINANCIAL CORP got rid off the above stocks

Sector Distribution

Arrow Financial Corp has about 67.7% of it's holdings in Others sector.

Sector	%
Others	67.7
Technology	9.5
Financial Services	8.6
Communication Services	3.4
Healthcare	2.7
Consumer Cyclical	2.7
Industrials	2.4
Consumer Defensive	1.6

Market Cap. Distribution

Arrow Financial Corp has about 26.8% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	67.7
MEGA-CAP	17.6
LARGE-CAP	9.2
SMALL-CAP	5.5

Stocks belong to which Index?

About 32% of the stocks held by Arrow Financial Corp either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	68
S&P 500	26.5
RUSSELL 2000	5.5

Top 5 Winners (%)		%
TER	teradyne inc	53.1 %
TSLA	tesla inc	40.0 %
GOOG	alphabet inc cl a	37.9 %
GOOG	alphabet inc cl c	37.3 %
CMI	cummins inc	29.0 %

Top 5 Winners ($)		$
QQQ	invesco qqq trust series 1	7.7 M
GOOG	alphabet inc cl a	3.8 M
IJR	ishares core s&p small-cap etf	3.7 M
AAPL	apple inc	3.6 M
AROW	arrow financial corporation	3.6 M

Top 5 Losers (%)		%
CARR	carrier global corp	-18.4 %
EMN	eastman chemical co	-15.6 %
LYB	lyondellbasell industries nv	-15.2 %
CRM	salesforce inc	-13.1 %
INTU	intuit inc	-13.0 %

Top 5 Losers ($)		$
CRM	salesforce inc	-0.6 M
NFLX	netflix inc	-0.5 M
ICE	intercontinental exchange group, inc	-0.3 M
HON	honeywell international inc	-0.2 M
COST	costco wholesale corp	-0.2 M

ARROW FINANCIAL CORP Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of ARROW FINANCIAL CORP

Arrow Financial Corp has 158 stocks in it's portfolio. About 54.1% of the portfolio is in top 10 stocks. CRM proved to be the most loss making stock for the portfolio. QQQ was the most profitable stock for Arrow Financial Corp last quarter.

Last Reported on: 21 Oct, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	1.87	71,982	18,328,800	added	0.24

AAXJ	ishares 10-20 year treasury bond etf	0.50	47,748	4,917,570	reduced	-13.1

AAXJ	ishares new york muni bond etf	0.47	86,075	4,592,100	reduced	-0.23

AAXJ	ishares national muni bond etf	0.11	10,163	1,082,260	reduced	-17.89

AAXJ	ishares 1-5y inv grade corp etf	0.00	0.00	0.00	sold off	-100

ABBV	abbvie inc	0.14	5,724	1,325,340	reduced	-0.47

ABT	abbott labs	0.24	17,499	2,343,820	reduced	-3.05

ACWF	ishares ibonds dec 2025 term corp	0.00	0.00	0.00	sold off	-100

ADBE	adobe inc	0.24	6,698	2,362,720	reduced	-0.99

ADP	automatic data processing inc	0.11	3,578	1,050,140	added	24.32

AEP	american elec pwr inc	0.08	7,169	806,513	added	32.93

AGT	ishares core msci dev mkts etf	4.12	502,683	40,300,100	reduced	-1.12

AGT	ishares ibonds dec 2026 term corp	1.39	559,148	13,587,300	reduced	-2.48

AGT	ishares esg aware 1-5 year usd etf	0.06	24,545	621,234	unchanged	0.00

AMAT	applied materials inc	0.04	1,685	344,987	unchanged	0.00

AMGN	amgen inc	0.28	9,781	2,760,200	reduced	-2.28

AMZN	amazon.com inc	0.88	39,269	8,622,290	reduced	-0.38

APH	amphenol corp cl a	0.54	42,291	5,233,510	reduced	-4.45

AROW	arrow financial corporation	5.38	1,857,330	52,562,500	reduced	-1.64

AVGO	broadcom inc	0.13	3,967	1,308,750	added	33.12