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. Arrow Financial Corporation, a bank holding company, provides commercial and consumer banking, and financial products and services. The company's deposit products include demand deposits, interest-bearing checking accounts, savings deposits, time deposits, and other time deposits. For more information on Arrow Financial stock, visit the Arrow Financial stock profile here.Investment ActivityArrow Financial has $977.99 million in total holdings as of September 30, 2025.Arrow Financial owns shares of 160 different stocks, but just 32 companies or ETFs make up 80% of its holdings.Approximately 0.97% of the portfolio was purchased this quarter.About 3.93% of the portfolio was sold this quarter.This quarter, Arrow Financial has purchased 160 new stocks and bought additional shares in 37 stocks.Arrow Financial sold shares of 102 stocks and completely divested from 6 stocks this quarter.Largest Holdings Vanguard S&P 500 ETF $130,035,831Invesco QQQ $91,513,199iShares Core S&P Mid-Cap ETF $56,500,150Arrow Financial $52,562,495iShares Core S&P Small-Cap ETF $44,902,768 Largest New Holdings this Quarter 655844108 - Norfolk Southern $355,084 Holding458140100 - Intel $288,698 Holding891160509 - Toronto Dominion Bank $213,307 Holding824348106 - Sherwin-Williams $206,717 Holding370334104 - General Mills $204,151 Holding Largest Purchases this Quarter iShares iBonds 2026 Term High Yield and Income ETF 177,300 shares (about $4.15M)ISHARES IBONDS DEC 2034 TM CORP 47,477 shares (about $1.26M)Real Estate Select Sector SPDR Fund 13,745 shares (about $579.08K)Norfolk Southern 1,182 shares (about $355.08K)Broadcom 987 shares (about $325.62K) Largest Sales this Quarter iShares iBonds 2025 Term High Yield and Income ETF 199,142 shares (about $4.62M)Invesco QQQ 5,948 shares (about $3.57M)Vanguard S&P 500 ETF 3,341 shares (about $2.05M)Vanguard Mid-Cap ETF 3,280 shares (about $963.46K)Arrow Financial 30,988 shares (about $876.96K) 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$130,035,831$2,045,962 ▼-1.5%212,34513.3%ETFQQQInvesco QQQ$91,513,199$3,571,001 ▼-3.8%152,4289.4%FinanceIJHiShares Core S&P Mid-Cap ETF$56,500,150$514,313 ▼-0.9%865,7715.8%ETFAROWArrow Financial$52,562,495$876,960 ▼-1.6%1,857,3325.4%FinanceIJRiShares Core S&P Small-Cap ETF$44,902,768$784,393 ▼-1.7%377,8764.6%ETFSPYVSPDR Portfolio S&P 500 Value ETF$43,416,566$823,310 ▼-1.9%784,6844.4%ETFIDEViShares Core MSCI International Developed Markets ETF$40,300,096$456,889 ▼-1.1%502,6834.1%ETFVOVanguard Mid-Cap ETF$29,364,307$963,458 ▼-3.2%99,9683.0%ETFIBHFiShares iBonds 2026 Term High Yield and Income ETF$21,087,512$4,147,047 ▲24.5%901,5612.2%ETFNVDANVIDIA$18,951,864$350,024 ▼-1.8%101,5751.9%Computer and TechnologyMSFTMicrosoft$18,470,097$11,913 ▼-0.1%35,6601.9%Computer and TechnologyAAPLApple$18,328,777$43,796 ▲0.2%71,9821.9%Computer and TechnologyIBHEiShares iBonds 2025 Term High Yield and Income ETF$15,546,580$4,624,077 ▼-22.9%669,5341.6%ETFIBDXiShares iBonds Dec 2032 Term Corporate ETF$14,782,125$384,889 ▼-2.5%576,9761.5%ETFIBDYiShares iBonds Dec 2033 Term Corporate ETF$14,461,963$393,450 ▼-2.6%551,3521.5%ETFIBDWiShares iBonds Dec 2031 Term Corporate ETF$14,338,396$371,541 ▼-2.5%675,7021.5%ETFIBDViShares iBonds Dec 2030 Term Corporate ETF$14,265,198$312,049 ▼-2.1%644,0271.5%ETFIBDUiShares iBonds Dec 2029 Term Corporate ETF$14,135,347$342,052 ▼-2.4%602,2731.4%ETFIBDTiShares iBonds Dec 2028 Term Corporate ETF$13,894,900$338,906 ▼-2.4%544,4711.4%ETFGOOGLAlphabet$13,831,660$157,772 ▼-1.1%56,8971.4%Computer and TechnologyIBDRiShares iBonds Dec 2026 Term Corporate ETF$13,587,297$345,692 ▼-2.5%559,1481.4%ETFIBDSiShares iBonds Dec 2027 Term Corporate ETF$13,555,749$349,863 ▼-2.5%556,9331.4%ETFVBVanguard Small-Cap ETF$12,043,210$449,313 ▼-3.6%47,3621.2%ETFXLREReal Estate Select Sector SPDR Fund$10,470,653$579,077 ▲5.9%248,5321.1%ETFORCLOracle$8,867,779$340,582 ▼-3.7%31,5310.9%Computer and TechnologyAMZNAmazon.com$8,622,294$32,716 ▼-0.4%39,2690.9%Retail/WholesaleJPMJPMorgan Chase & Co.$8,209,066$93,367 ▼-1.1%26,0250.8%FinanceISHARES IBONDS DEC 2034 TM CORP$7,613,619$1,256,716 ▲19.8%287,6320.8%EquitiesAGGiShares Core U.S. Aggregate Bond ETF$6,508,832$37,594 ▼-0.6%64,9260.7%FinanceHDHome Depot$5,791,380$64,020 ▲1.1%14,2930.6%Retail/WholesaleMETAMeta Platforms$5,723,758$22,766 ▼-0.4%7,7940.6%Computer and TechnologyVCSHVanguard Short-Term Corporate Bond ETF$5,349,635$250,261 ▼-4.5%66,9290.5%ETFAPHAmphenol$5,233,511$243,787 ▼-4.5%42,2910.5%Computer and TechnologySPYSPDR S&P 500 ETF Trust$4,928,400$55,293 ▲1.1%7,3980.5%FinanceTLHiShares 10-20 Year Treasury Bond ETF$4,917,567$741,322 ▼-13.1%47,7480.5%ETFVVisa$4,731,186$58,376 ▼-1.2%13,8590.5%Business ServicesBRK.BBerkshire Hathaway$4,621,186$56,810 ▼-1.2%9,1920.5%FinanceNYFiShares New York Muni Bond ETF$4,592,101$10,670 ▼-0.2%86,0750.5%ETFBLACKROCK INC$4,142,336$69,952 ▼-1.7%3,5530.4%EquitiesLLYEli Lilly and Company$3,993,542$7,630 ▼-0.2%5,2340.4%MedicalNFLXNetflix$3,906,081$124,688 ▼-3.1%3,2580.4%Consumer DiscretionaryJNJJohnson & Johnson$3,732,320$15,019 ▼-0.4%20,1290.4%MedicalCRMSalesforce$3,721,137$29,625 ▼-0.8%15,7010.4%Computer and TechnologyCATCaterpillar$3,560,016$15,269 ▲0.4%7,4610.4%IndustrialsBACBank of America$3,446,058$52,983 ▼-1.5%66,7970.4%FinanceXOMExxon Mobil$3,435,944$104,632 ▼-3.0%30,4740.4%EnergyCOSTCostco Wholesale$3,405,393$53,687 ▲1.6%3,6790.3%Retail/WholesaleWMTWalmart$3,385,831$54,931 ▼-1.6%32,8530.3%Retail/WholesaleCSCOCisco Systems$3,345,533$101,125 ▼-2.9%48,8970.3%Computer and TechnologyICEIntercontinental Exchange$3,279,463$50,039 ▼-1.5%19,4650.3%FinanceTJXTJX Companies$3,179,446$116,644 ▼-3.5%21,9970.3%Retail/WholesaleSYKStryker$3,115,579$126,427 ▼-3.9%8,4280.3%MedicalPGProcter & Gamble$2,972,052$768 ▼0.0%19,3430.3%Consumer StaplesDISWalt Disney$2,814,067$35,495 ▲1.3%24,5770.3%Consumer DiscretionaryGOOGAlphabet$2,804,965$1,218 ▼0.0%11,5170.3%Computer and TechnologyMCDMcDonald's$2,786,064$6,686 ▲0.2%9,1680.3%Retail/WholesaleAMGNAmgen$2,760,198$64,342 ▼-2.3%9,7810.3%MedicalMSMorgan Stanley$2,675,615$20,665 ▼-0.8%16,8320.3%FinanceTMOThermo Fisher Scientific$2,612,318$124,650 ▲5.0%5,3860.3%MedicalTMUST-Mobile US$2,558,733$9,336 ▲0.4%10,6890.3%Computer and TechnologyTRVTravelers Companies$2,411,902$61,428 ▼-2.5%8,6380.2%FinanceXLKTechnology Select Sector SPDR Fund$2,378,335$146,003 ▼-5.8%8,4380.2%ETFADBEAdobe$2,362,719$23,634 ▼-1.0%6,6980.2%Computer and TechnologyPANWPalo Alto Networks$2,351,200$184,276 ▲8.5%11,5470.2%Computer and TechnologyABTAbbott Laboratories$2,343,816$73,667 ▼-3.0%17,4990.2%MedicalGDGeneral Dynamics$2,321,528$30,690 ▼-1.3%6,8080.2%AerospaceWMBWilliams Companies$2,310,121$93,315 ▼-3.9%36,4660.2%EnergyKOCocaCola$2,301,569$62,739 ▲2.8%34,7040.2%Consumer StaplesHONHoneywell International$2,201,199$10,736 ▲0.5%10,4570.2%Multi-Sector ConglomeratesMRVLMarvell Technology$2,079,051$233,546 ▲12.7%24,7300.2%Computer and TechnologyMAMastercard$1,987,991$106,367 ▼-5.1%3,4950.2%Business ServicesTSLATesla$1,966,997$889 ▲0.0%4,4230.2%Auto/Tires/TrucksCMICummins$1,965,288$51,952 ▼-2.6%4,6530.2%Auto/Tires/TrucksUNPUnion Pacific$1,920,506$75,875 ▼-3.8%8,1250.2%TransportationPWRQuanta Services$1,843,340$35,640 ▲2.0%4,4480.2%ConstructionDHRDanaher$1,666,573$3,370 ▼-0.2%8,4060.2%MedicalMASMasco$1,665,146$5,702 ▼-0.3%23,6560.2%ConstructionPEPPepsiCo$1,471,811$58,563 ▲4.1%10,4800.2%Consumer StaplesYUMYum! Brands$1,464,216$27,968 ▲1.9%9,6330.1%Retail/WholesaleCOPConocoPhillips$1,446,565$22,891 ▼-1.6%15,2930.1%EnergyUNHUnitedHealth Group$1,393,630$349,443 ▼-20.0%4,0360.1%MedicalXLBMaterials Select Sector SPDR Fund$1,375,577$9,050 ▲0.7%15,3510.1%ETFIBMInternational Business Machines$1,373,273$56,432 ▲4.3%4,8670.1%Computer and TechnologyBNDVanguard Total Bond Market ETF$1,344,758$262,675 ▼-16.3%18,0820.1%ETFIRIngersoll Rand$1,331,751$16,854 ▲1.3%16,1190.1%IndustrialsABBVAbbVie$1,325,335$6,252 ▼-0.5%5,7240.1%MedicalAVGOBroadcom$1,308,753$325,621 ▲33.1%3,9670.1%Computer and TechnologyVRTXVertex Pharmaceuticals$1,267,739$25,457 ▼-2.0%3,2370.1%MedicalCVXChevron$1,252,880$10,870 ▲0.9%8,0680.1%EnergyLOWLowe's Companies$1,244,487$29,655 ▼-2.3%4,9520.1%Retail/WholesaleXLFFinancial Select Sector SPDR Fund$1,229,960$66,314 ▼-5.1%22,8320.1%ETFRTXRTX$1,227,198$10,207 ▲0.8%7,3340.1%AerospaceAWKAmerican Water Works$1,130,779$90,752 ▲8.7%8,1240.1%UtilitiesMUBiShares National Muni Bond ETF$1,082,258$235,875 ▼-17.9%10,1630.1%ETFADPAutomatic Data Processing$1,050,144$205,450 ▲24.3%3,5780.1%Computer and TechnologyMINTPIMCO Enhanced Short Maturity Exchange-Traded Fund$1,014,251$403,062 ▼-28.4%10,0730.1%ETFAXPAmerican Express$999,469$124,560 ▲14.2%3,0090.1%FinanceTERTeradyne$998,991$238,255 ▼-19.3%7,2580.1%Computer and TechnologySYYSysco$978,693$39,523 ▼-3.9%11,8860.1%Consumer StaplesGEGE Aerospace$956,307$18,049 ▲1.9%3,1790.1%AerospaceShowing largest 100 holdings. View all holdings. More Institutional Buying and Selling Information SEC Filings and Trading Data SEC Filings 13F Filings Top 13F Buys Top 13F Sells Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. 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