Arrow Financial Top Holdings and 13F Report (2025) About Arrow FinancialArrow Financial NASDAQ: AROW has filed 13-F forms with the SEC as an investor. Arrow Financial is itself a publicly traded company. For more information on Arrow Financial stock, visit the Arrow Financial stock profile here.Investment ActivityArrow Financial has $894.47 million in total holdings as of March 31, 2025.Arrow Financial owns shares of 155 different stocks, but just 35 companies or ETFs make up 80% of its holdings.Approximately 1.29% of the portfolio was purchased this quarter.About 14.60% of the portfolio was sold this quarter.This quarter, Arrow Financial has purchased 167 new stocks and bought additional shares in 16 stocks.Arrow Financial sold shares of 110 stocks and completely divested from 15 stocks this quarter.Largest Holdings Vanguard S&P 500 ETF $111,619,710Invesco QQQ $74,160,167iShares Core S&P Mid-Cap ETF $50,545,454Arrow Financial $49,615,802SPDR Portfolio S&P 500 Value ETF $40,643,906 Largest New Holdings this Quarter 464287200 - iShares Core S&P 500 ETF $679,899 Holding68902V107 - Otis Worldwide $214,140 Holding636274409 - National Grid $212,117 Holding Largest Purchases this Quarter iShares iBonds 2026 Term High Yield and Income ETF 260,419 shares (about $6.05M)ISHARES IBONDS DEC 2034 TM CORP 90,979 shares (about $2.35M)Invesco QQQ 1,693 shares (about $793.88K)iShares Core S&P 500 ETF 1,210 shares (about $679.90K)Vanguard S&P 500 ETF 642 shares (about $329.93K) Largest Sales this Quarter Apple 42,548 shares (about $9.45M)NVIDIA 77,859 shares (about $8.44M)Microsoft 20,519 shares (about $7.70M)iShares iBonds 2025 Term High Yield and Income ETF 228,880 shares (about $5.32M)Amazon.com 25,833 shares (about $4.91M) Sector Allocation Over TimeMap of 500 Largest Holdings ofArrow Financial Selling Neutral Buying Latest 13F Holdings and Changes Since Previous Quarterly FilingIssuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSectorVOOVanguard S&P 500 ETF$111,619,710$329,930 ▲0.3%217,19712.5%ETFQQQInvesco QQQ$74,160,167$793,882 ▲1.1%158,1518.3%FinanceIJHiShares Core S&P Mid-Cap ETF$50,545,454$7,119 ▼0.0%866,2475.7%ETFAROWArrow Financial$49,615,802$323,867 ▼-0.6%1,887,2505.5%FinanceSPYVSPDR Portfolio S&P 500 Value ETF$40,643,906$219,652 ▲0.5%795,8474.5%ETFIJRiShares Core S&P Small-Cap ETF$40,148,135$83,969 ▼-0.2%383,9384.5%ETFIDEViShares Core MSCI International Developed Markets ETF$31,218,606$148,871 ▼-0.5%453,1663.5%ETFIBHEiShares iBonds 2025 Term High Yield and Income ETF$29,068,011$5,319,171 ▼-15.5%1,250,7753.2%ETFVOVanguard Mid-Cap ETF$28,128,546$574,390 ▼-2.0%108,7653.1%ETFAAPLApple$16,126,305$9,451,122 ▼-37.0%72,5991.8%Computer and TechnologyIBDXiShares iBonds Dec 2032 Term Corporate ETF$14,923,803$68,772 ▼-0.5%597,1911.7%ETFIBDYiShares iBonds Dec 2033 Term Corporate ETF$14,591,309$45,701 ▼-0.3%570,8651.6%ETFIBDWiShares iBonds Dec 2031 Term Corporate ETF$14,514,957$60,030 ▼-0.4%699,5161.6%ETFIBDViShares iBonds Dec 2030 Term Corporate ETF$14,426,945$65,594 ▼-0.5%664,2241.6%ETFIBDUiShares iBonds Dec 2029 Term Corporate ETF$14,403,097$59,190 ▲0.4%622,7021.6%ETFIBDTiShares iBonds Dec 2028 Term Corporate ETF$14,308,957$68,985 ▲0.5%566,4671.6%ETFIBDRiShares iBonds Dec 2026 Term Corporate ETF$14,064,460$99,769 ▼-0.7%580,9361.6%ETFMSFTMicrosoft$13,991,536$7,702,627 ▼-35.5%37,2721.6%Computer and TechnologyIBDSiShares iBonds Dec 2027 Term Corporate ETF$13,988,880$28,871 ▼-0.2%578,5311.6%ETFIBDQiShares iBonds Dec 2025 Term Corporate ETF$13,633,161$276,348 ▼-2.0%542,0741.5%ETFVBVanguard Small-Cap ETF$11,252,704$66,969 ▼-0.6%50,7451.3%ETFNVDANVIDIA$11,204,108$8,438,359 ▼-43.0%103,3781.3%Computer and TechnologyGOOGLAlphabet$8,957,367$4,336,879 ▼-32.6%57,9241.0%Computer and TechnologyIBHFiShares iBonds 2026 Term High Yield and Income ETF$7,775,890$6,046,929 ▲349.7%334,8790.9%ETFXHBSPDR S&P Homebuilders ETF$7,691,486$310,369 ▲4.2%79,3760.9%ETFAMZNAmazon.com$7,500,240$4,914,987 ▼-39.6%39,4210.8%Retail/WholesaleTLHiShares 10-20 Year Treasury Bond ETF$7,477,574$974,628 ▼-11.5%72,0730.8%ETFAGGiShares Core U.S. Aggregate Bond ETF$6,650,9850.0%67,2360.7%FinanceJPMJPMorgan Chase & Co.$6,602,127$3,125,309 ▼-32.1%26,9150.7%FinanceVCSHVanguard Short-Term Corporate Bond ETF$5,842,823$31,971 ▼-0.5%74,0160.7%ETFXLREReal Estate Select Sector SPDR Fund$5,380,131$70,266 ▲1.3%128,5580.6%ETFORCLOracle$5,001,773$1,578,014 ▼-24.0%35,7760.6%Computer and TechnologyBRK.BBerkshire Hathaway$4,954,059$2,746,515 ▼-35.7%9,3020.6%FinanceHDHome Depot$4,942,484$2,889,041 ▼-36.9%13,4860.6%Retail/WholesaleVVisa$4,814,445$2,061,681 ▼-30.0%13,7380.5%Business ServicesNYFiShares New York Muni Bond ETF$4,670,266$83,134 ▼-1.7%88,7040.5%ETFMETAMeta Platforms$4,547,480$3,221,852 ▼-41.5%7,8900.5%Computer and TechnologyCRMSalesforce$4,355,349$2,681,639 ▼-38.1%16,2300.5%Computer and TechnologyLLYEli Lilly and Company$4,246,004$2,831,220 ▼-40.0%5,1410.5%MedicalSPYSPDR S&P 500 ETF Trust$4,098,091$13,985 ▼-0.3%7,3260.5%FinanceXOMExxon Mobil$3,889,605$994,136 ▼-20.4%32,7050.4%EnergyISHARES IBONDS DEC 2034 TM CORP$3,826,553$2,345,930 ▲158.4%148,4000.4%EquitiesCOSTCostco Wholesale$3,498,913$1,352,283 ▼-27.9%3,7000.4%Retail/WholesaleJNJJohnson & Johnson$3,417,631$1,601,517 ▼-31.9%20,6080.4%MedicalSYKStryker$3,373,702$1,647,206 ▼-32.8%9,0630.4%MedicalAMGNAmgen$3,371,595$1,487,652 ▼-30.6%10,8220.4%MedicalBLACKROCK INC$3,370,888$2,099,944 ▼-38.4%3,5620.4%EquitiesICEIntercontinental Exchange$3,366,941$1,986,804 ▼-37.1%19,5190.4%FinanceCSCOCisco Systems$3,323,793$45,048 ▼-1.3%53,8620.4%Computer and TechnologyPGProcter & Gamble$3,282,374$2,125,423 ▼-39.3%19,2610.4%Consumer StaplesNFLXNetflix$3,274,113$1,632,860 ▼-33.3%3,5110.4%Consumer DiscretionaryAPHAmphenol$3,190,822$1,729,674 ▼-35.2%48,6480.4%Computer and TechnologyTMUST-Mobile US$3,038,094$12,269 ▼-0.4%11,3910.3%Computer and TechnologyWMTWalmart$2,887,237$2,503,244 ▼-46.4%32,8880.3%Retail/WholesaleTJXTJX Companies$2,803,227$1,301,920 ▼-31.7%23,0150.3%Retail/WholesaleMCDMcDonald's$2,778,219$807,789 ▼-22.5%8,8940.3%Retail/WholesaleBACBank of America$2,760,189$2,333,124 ▼-45.8%66,1440.3%FinanceABTAbbott Laboratories$2,584,287$1,750,051 ▼-40.4%19,4820.3%MedicalWMBWilliams Companies$2,500,508$2,077,113 ▼-45.4%41,8430.3%EnergyTMOThermo Fisher Scientific$2,422,565$1,609,570 ▼-39.9%4,8690.3%MedicalCATCaterpillar$2,419,742$2,102,804 ▼-46.5%7,3370.3%IndustrialsTRVTravelers Companies$2,411,082$20,892 ▼-0.9%9,1170.3%FinanceADBEAdobe$2,399,172$1,692,383 ▼-41.4%6,2560.3%Computer and TechnologyDISWalt Disney$2,389,873$626,634 ▼-20.8%24,2140.3%Consumer DiscretionaryKOCoca-Cola$2,311,356$3,294 ▼-0.1%32,2730.3%Consumer StaplesUNHUnitedHealth Group$2,265,743$1,702,188 ▼-42.9%4,3260.3%MedicalHONHoneywell International$2,186,213$1,928,949 ▼-46.9%10,3250.2%Multi-Sector ConglomeratesMAMastercard$2,067,508$30,147 ▼-1.4%3,7720.2%Business ServicesUNPUnion Pacific$2,060,131$17,953 ▼-0.9%8,7210.2%TransportationMSMorgan Stanley$2,013,491$1,338,322 ▼-39.9%17,2580.2%FinanceGOOGAlphabet$1,881,322$63,898 ▼-3.3%12,0420.2%Computer and TechnologyMINTPIMCO Enhanced Short Maturity Exchange-Traded Fund$1,849,295$221,263 ▼-10.7%18,3790.2%ETFXLKTechnology Select Sector SPDR Fund$1,849,235$716,899 ▼-27.9%8,9560.2%ETFGDGeneral Dynamics$1,776,268$818 ▼0.0%6,5170.2%AerospaceBNDVanguard Total Bond Market ETF$1,718,216$2,938 ▲0.2%23,3930.2%ETFPANWPalo Alto Networks$1,708,106$254,083 ▼-12.9%10,0100.2%Computer and TechnologyDHRDanaher$1,642,358$782,026 ▼-32.3%8,0120.2%MedicalVRTXVertex Pharmaceuticals$1,641,116$1,076,301 ▼-39.6%3,3850.2%MedicalCOPConocoPhillips$1,620,144$840 ▼-0.1%15,4270.2%EnergyMASMasco$1,568,197$1,922,712 ▼-55.1%22,5510.2%ConstructionPEPPepsiCo$1,549,180$1,065,324 ▼-40.7%10,3320.2%Consumer StaplesCMICummins$1,503,101$20,685 ▼-1.4%4,7960.2%Auto/Tires/TrucksYUMYum! Brands$1,494,763$12,589 ▼-0.8%9,4990.2%Retail/WholesaleIRIngersoll Rand$1,458,947$1,129,463 ▼-43.6%18,2300.2%IndustrialsCVXChevron$1,384,659$1,112,311 ▼-44.5%8,2770.2%EnergyIBMInternational Business Machines$1,305,216$5,222 ▼-0.4%5,2490.1%Computer and TechnologyMUBiShares National Muni Bond ETF$1,305,136$68,009 ▲5.5%12,3780.1%ETFABBVAbbVie$1,247,901$4,400 ▼-0.4%5,9560.1%MedicalXLBMaterials Select Sector SPDR Fund$1,237,639$119,234 ▼-8.8%14,3970.1%ETFXLUUtilities Select Sector SPDR Fund$1,229,981$65,840 ▼-5.1%15,5990.1%ETFTSLATesla$1,166,479$1,073,959 ▼-47.9%4,5010.1%Auto/Tires/TrucksLOWLowe's Companies$1,134,4300.0%4,8640.1%Retail/WholesaleXLFFinancial Select Sector SPDR Fund$1,112,158$418,653 ▼-27.3%22,3280.1%ETFMRVLMarvell Technology$1,110,784$1,238,603 ▼-52.7%18,0410.1%Computer and TechnologyPWRQuanta Services$1,059,422$38,890 ▲3.8%4,1680.1%ConstructionAWKAmerican Water Works$1,009,110$450,493 ▼-30.9%6,8410.1%UtilitiesRTXRTX$991,066$4,106 ▼-0.4%7,4820.1%AerospaceTERTeradyne$979,140$412,339 ▼-29.6%11,8540.1%Computer and TechnologyXLVHealth Care Select Sector SPDR Fund$952,716$324,580 ▼-25.4%6,5250.1%ETFLENLennar$931,096$355,015 ▼-27.6%8,1120.1%ConstructionShowing largest 100 holdings. 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