Arrow Financial Corp
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 11, 2026), Arrow Financial Corp reported 157 stock positions worth $994.0 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 12.2% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 8.1%) and Arrow Financial (AROW, 6.3%). Compared with Q4 2025, it opened 1 new position, sold out of 3, added to 48 and reduced 86. The biggest buy was iShares Core S&P Midcap ETF (IJH, shares +11%) and the biggest sale Vngrd Mrngstr MD-Cap ETF-Usd (VO, shares −19%).
- Most Recent 13F
- Q2 2026
- Location
- Glens Falls, NY
- CIK
- 0000717538
- Portfolio Value
- $994.0M (Q1 2026)
- SEC Filing
- 0000717538-26-000062 ↗ filed May 11, 2026
Holdings Value
Holdings 157 stocks · $994.0M
| VOO Vanguard S&P 500 ETF | 12.15% | 202,122 | $120.8M | Add +2.5% |
| QQQ Invesco QQQ Trust Series 1 | 8.09% | 139,402 | $80.5M | Add +0.0% |
| AROW Arrow Financial Corp. | 6.35% | 1,878,839 | $63.1M | Add +0.4% |
| IJH iShares Core S&P Midcap ETF | 6.28% | 924,486 | $62.4M | Add +11.3% |
| IJR iShares Core S&P Small-Cap E | 4.82% | 385,520 | $47.9M | Add +8.3% |
| IDEV iShares Core MSCI Dev MKTS | 4.69% | 558,240 | $46.7M | Add +2.2% |
| SPYV SS SPDR P S&P 500 Value ETF | 4.45% | 781,325 | $44.2M | Reduce -0.2% |
| IBHF iShares Ibond 2026 HY & Inc. | 3.12% | 1,349,454 | $31.0M | Add +11.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.23% | 77,065 | $22.1M | Reduce -19.3% |
| AAPL Apple Inc. | 1.77% | 69,186 | $17.6M | Reduce -3.0% |
| NVDA Nvidia Corp. | 1.75% | 99,976 | $17.4M | Reduce -2.3% |
| VOLT Tema Electrification | 1.60% | 463,644 | $15.9M | Add +25.0% |
| IBDX iShares Ibonds Dec 2032 TC | 1.56% | 614,512 | $15.5M | Add +2.6% |
| IBDY iShares Ibonds Dec 2033 Corp. | 1.53% | 589,794 | $15.2M | Add +6.1% |
| GOOGL Alphabet Inc. Class A | 1.53% | 52,943 | $15.2M | Reduce -3.7% |
| IBDW iShares Ibonds Dec 2031 Corp. | 1.52% | 722,758 | $15.1M | Add +2.7% |
| IBCA iShares Ibonds Dec 2035 TC | 1.51% | 586,917 | $15.0M | Add +3.2% |
| IBDV iShares Ibonds Dec 2030 Corp. | 1.51% | 684,978 | $15.0M | Add +2.7% |
| IBDU iShares Ibonds Dec 2029 Term | 1.50% | 641,623 | $14.9M | Add +6.3% |
| IBDT iShares Ibonds Dec 2028 ETF | 1.47% | 577,599 | $14.6M | Add +2.6% |
| JEPI JPMorgan Equity Premium Inco | 1.46% | 256,058 | $14.5M | Add +31.1% |
| MSFT Microsoft Corp. | 1.33% | 35,720 | $13.2M | Add +4.1% |
| IBDZ ISHARESIBONDSDEC2034TMCORP | 1.16% | 441,310 | $11.5M | Add +10.1% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 1.06% | 434,774 | $10.5M | Reduce -24.6% |
| IBDR iShares Ibonds Dec 2026 Term | 1.04% | 425,552 | $10.3M | Reduce -26.4% |
| TLH iShares 10-20 Year Treasury | 0.91% | 90,264 | $9.1M | Add +109.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.82% | 31,275 | $8.2M | Reduce -30.9% |
| AMZN Amazon.com Inc. | 0.82% | 39,040 | $8.1M | Add +0.6% |
| JPM JPMorgan Chase & Co. | 0.72% | 24,407 | $7.2M | Reduce -4.0% |
| NYM AB New York Inter Muni ETF filed as AB ACTIVE ETFS INC | 0.64% | 256,734 | $6.4M | Add +2.1% |
| AGG iShares Core U.S. Aggregate | 0.62% | 62,302 | $6.2M | Reduce -3.9% |
| APH Amphenol Corp. Class A | 0.49% | 38,913 | $4.9M | Reduce -3.4% |
| HD Home Depot Inc. | 0.49% | 14,809 | $4.9M | Add +0.8% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.48% | 60,420 | $4.8M | Reduce -17.4% |
| JNJ Johnson & Johnson | 0.47% | 19,080 | $4.7M | Reduce -4.7% |
| XOM Exxon Mobil Corp. | 0.47% | 27,264 | $4.6M | Reduce -7.4% |
| ORCL Oracle Corp. | 0.46% | 31,309 | $4.6M | Add +5.2% |
| META Meta Platforms Inc. Class A | 0.46% | 8,006 | $4.6M | Add +3.7% |
| NYF iShares New York Muni Bond E | 0.46% | 86,120 | $4.6M | Reduce -2.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.44% | 9,113 | $4.4M | Reduce -3.6% |
| LLY Eli Lilly & Co. | 0.43% | 4,681 | $4.3M | Reduce -5.3% |
| CAT Caterpillar Inc. | 0.42% | 5,919 | $4.2M | Reduce -13.3% |
| V Visa Inc. Class A | 0.42% | 13,714 | $4.1M | Add +1.1% |
| CSCO Cisco Systems Inc. | 0.37% | 47,435 | $3.7M | Add +1.0% |
| WMT Walmart Inc. | 0.36% | 28,946 | $3.6M | Reduce -9.9% |
| COST Costco Wholesale Corp. | 0.34% | 3,434 | $3.4M | Reduce -3.4% |
| BLK BlackRock Inc. | 0.33% | 3,417 | $3.3M | Reduce -3.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.33% | 20,562 | $3.3M | Reduce -3.1% |
| CRM Salesforce Inc. | 0.33% | 17,398 | $3.2M | Add +11.9% |
| ICE Intercontinental Exchange Inc. | 0.32% | 20,186 | $3.2M | Add +3.6% |
| GOOG Alphabet Inc. Class C | 0.31% | 10,778 | $3.1M | Reduce -7.3% |
| AMGN Amgen Inc. | 0.31% | 8,737 | $3.1M | Reduce -3.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.31% | 62,841 | $3.1M | Reduce -3.5% |
| MCD McDonald's Corp. | 0.30% | 9,480 | $2.9M | Add +0.3% |
| MRVL Marvell Technology Inc. | 0.28% | 28,485 | $2.8M | Add +7.7% |
| NFLX Netflix Inc. | 0.27% | 27,620 | $2.7M | Reduce -9.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.27% | 27,533 | $2.7M | Add +9.3% |
| PG The Procter & Gamble Co. | 0.26% | 18,193 | $2.6M | Reduce -6.3% |
| KO The Coca-Cola Co. | 0.25% | 32,884 | $2.5M | Reduce -5.3% |
| MS Morgan Stanley | 0.25% | 15,188 | $2.5M | Reduce -6.7% |
| PANW Palo Alto Networks Inc. | 0.25% | 15,518 | $2.5M | Add +24.2% |
| SYK Stryker Corp. | 0.25% | 7,571 | $2.5M | Reduce -4.4% |
| TMUS T-Mobile US Inc. | 0.25% | 11,708 | $2.5M | Add +8.3% |
| TMO Thermo Fisher Scientific Inc. | 0.24% | 4,940 | $2.4M | Reduce -3.6% |
| PWR Quanta Services Inc. | 0.23% | 4,247 | $2.3M | Reduce -4.3% |
| HON Honeywell International Inc. | 0.23% | 10,307 | $2.3M | Add +0.2% |
| WMB Williams Cos Inc. | 0.23% | 31,387 | $2.3M | Reduce -5.4% |
| TRV The Travelers Cos Inc. | 0.23% | 7,798 | $2.3M | Reduce -4.3% |
| XLK SS Technology Select Sector | 0.23% | 16,842 | $2.2M | Reduce -0.1% |
| GD General Dynamics Corp. | 0.22% | 6,382 | $2.2M | Reduce -4.7% |
| UNP Union Pacific Corp. | 0.21% | 8,445 | $2.0M | Reduce -4.2% |
| CMI Cummins Inc. | 0.20% | 3,740 | $2.0M | Reduce -12.4% |
| AVGO Broadcom Inc. | 0.20% | 6,319 | $2.0M | Add +28.9% |
| ABT Abbott Laboratories | 0.19% | 18,555 | $1.9M | Add +4.6% |
| COP Conocophillips | 0.18% | 13,535 | $1.8M | Reduce -8.1% |
| MA Mastercard Inc. Class A | 0.18% | 3,520 | $1.8M | Add +2.4% |
| TER Teradyne Inc. | 0.17% | 5,673 | $1.7M | Reduce -4.1% |
| DHR Danaher Corp. | 0.16% | 8,466 | $1.6M | Add +0.9% |
| TSLA Tesla Inc. | 0.16% | 4,248 | $1.6M | Add +0.5% |
| CVX Chevron Corp. | 0.15% | 7,383 | $1.5M | Reduce -7.0% |
| XLB SS Materials Select Sector | 0.15% | 30,130 | $1.5M | Reduce -2.7% |
| YUM Yum! Brands Inc. | 0.15% | 9,416 | $1.5M | Reduce -1.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.15% | 2,239 | $1.5M | Reduce -69.6% |
| MAS Masco Corp. | 0.14% | 23,584 | $1.4M | Reduce -1.9% |
| PEP Pepsico Inc. | 0.14% | 9,035 | $1.4M | Reduce -8.7% |
| VRTX Vertex Pharmaceuticals Inc. | 0.13% | 2,994 | $1.3M | Reduce -3.0% |
| BND Vanguard Total Bond Market | 0.13% | 18,126 | $1.3M | Reduce -2.8% |
| RTX RTX Corp. | 0.13% | 6,799 | $1.3M | Reduce -3.6% |
| ABBV Abbvie Inc. | 0.13% | 5,899 | $1.3M | Reduce -4.4% |
| LOW Lowe's Cos Inc. | 0.11% | 4,817 | $1.1M | Add +1.1% |
| AWK American Water Works Co. Inc. | 0.11% | 8,300 | $1.1M | Add +6.8% |
| XLF SS Financial Select Sector | 0.11% | 22,832 | $1.1M | No change |
| MUB iShares National Muni Bond E | 0.11% | 10,370 | $1.1M | Add +2.0% |
| ADBE Adobe Inc. | 0.11% | 4,305 | $1.0M | Reduce -28.1% |
| AEP American Electric Power | 0.10% | 7,931 | $1.0M | Reduce -7.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.10% | 4,164 | $1.0M | Reduce -13.2% |
| MCK McKesson Corp. | 0.10% | 1,129 | $977K | Add +13.8% |
| ETN Eaton Corp. PLC | 0.09% | 2,636 | $943K | Add +108.5% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.09% | 15,863 | $881K | Add +11.9% |
| GE General Electric filed as GE AEROSPACE | 0.09% | 3,103 | $881K | Reduce -1.6% |
Portfolio Sells Q4 2025 → Q1 2026
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -19.3% | 2.23% | −0.54 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -26.4% | 1.04% | −0.36 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -69.6% | 0.15% | −0.35 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -30.9% | 0.82% | −0.34 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Reduce -24.6% | 1.06% | −0.34 |
| GOOGL Alphabet Inc. Class A | Reduce -3.7% | 1.53% | −0.18 |
| AAPL Apple Inc. | Reduce -3.0% | 1.77% | −0.17 |
| NVDA Nvidia Corp. | Reduce -2.3% | 1.75% | −0.15 |
| ADBE Adobe Inc. | Reduce -28.1% | 0.11% | −0.10 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -17.4% | 0.48% | −0.10 |
| LLY Eli Lilly & Co. | Reduce -5.3% | 0.43% | −0.10 |
| JPM JPMorgan Chase & Co. | Reduce -4.0% | 0.72% | −0.09 |
| XLRE SS Real Estate Select Sector | Reduce -63.0% | 0.03% | −0.06 |
| UNH Unitedhealth Group Inc. | Reduce -41.1% | 0.05% | −0.05 |
| GOOG Alphabet Inc. Class C | Reduce -7.3% | 0.31% | −0.05 |
| TMO Thermo Fisher Scientific Inc. | Reduce -3.6% | 0.24% | −0.05 |
| BAC Bank of America Corp. | Reduce -3.5% | 0.31% | −0.05 |
| APH Amphenol Corp. Class A | Reduce -3.4% | 0.49% | −0.05 |
| BLK BlackRock Inc. | Reduce -3.4% | 0.33% | −0.05 |
| IBM Intl Business Machines Corp. | Reduce -13.2% | 0.10% | −0.04 |
| MS Morgan Stanley | Reduce -6.7% | 0.25% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.6% | 0.44% | −0.03 |
| AXP American Express Co. | Reduce -11.6% | 0.08% | −0.03 |
| IR Ingersoll-Rand Inc. | Reduce -25.6% | 0.09% | −0.03 |
| SYK Stryker Corp. | Reduce -4.4% | 0.25% | −0.03 |
| PAYX Paychex Inc. | Sold out | 0.00% | −0.03 |
| AGG iShares Core U.S. Aggregate | Reduce -3.9% | 0.62% | −0.02 |
| MINT PIMCO Enhanced Short Maturit | Reduce -33.8% | 0.05% | −0.02 |
| SDY SS SPDR S&P Dividend ETF | Sold out | 0.00% | −0.02 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.02 |
| SNOW Snowflake Inc. | Reduce -1.4% | 0.04% | −0.02 |
| ADP Automatic Data Processing | Reduce -1.8% | 0.07% | −0.02 |
| INTU Intuit Inc. | Reduce -2.3% | 0.03% | −0.02 |
| XLK SS Technology Select Sector | Reduce -0.1% | 0.23% | −0.02 |
| NFLX Netflix Inc. | Reduce -9.0% | 0.27% | −0.02 |
| CMI Cummins Inc. | Reduce -12.4% | 0.20% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -6.3% | 0.26% | −0.01 |
| NYF iShares New York Muni Bond E | Reduce -2.7% | 0.46% | −0.01 |
| ABBV Abbvie Inc. | Reduce -4.4% | 0.13% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -11.8% | 0.04% | −0.01 |
| MMM 3M Co. | Reduce -5.5% | 0.06% | −0.01 |
| NSC Norfolk Southern Corp. | Reduce -28.7% | 0.02% | −0.01 |
| MAS Masco Corp. | Reduce -1.9% | 0.14% | −0.01 |
| GE General Electric | Reduce -1.6% | 0.09% | −0.01 |
| TRV The Travelers Cos Inc. | Reduce -4.3% | 0.23% | −0.01 |
| SYY Sysco Corp. | Reduce -5.5% | 0.08% | −0.01 |
| ECL Ecolab Inc. | Reduce -11.6% | 0.06% | −0.01 |
| EMR Emerson Electric Co. | Reduce -10.9% | 0.04% | −0.01 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -3.0% | 0.13% | −0.00 |
| GD General Dynamics Corp. | Reduce -4.7% | 0.22% | −0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| IJH iShares Core S&P Midcap ETF | Add +11.3% | 6.28% | +0.82 |
| IJR iShares Core S&P Small-Cap E | Add +8.3% | 4.82% | +0.56 |
| VOLT Tema Electrification | Add +25.0% | 1.60% | +0.53 |
| AROW Arrow Financial Corp. | Add +0.4% | 6.35% | +0.49 |
| TLH iShares 10-20 Year Treasury | Add +109.0% | 0.91% | +0.48 |
| JEPI JPMorgan Equity Premium Inco | Add +31.1% | 1.46% | +0.35 |
| IBHF iShares Ibond 2026 HY & Inc. | Add +11.0% | 3.12% | +0.32 |
| IDEV iShares Core MSCI Dev MKTS | Add +2.2% | 4.69% | +0.20 |
| IBDZ ISHARESIBONDSDEC2034TMCORP | Add +10.1% | 1.16% | +0.10 |
| IBDU iShares Ibonds Dec 2029 Term | Add +6.3% | 1.50% | +0.09 |
| IBDY iShares Ibonds Dec 2033 Corp. | Add +6.1% | 1.53% | +0.09 |
| MRVL Marvell Technology Inc. | Add +7.7% | 0.28% | +0.06 |
| ETN Eaton Corp. PLC | Add +108.5% | 0.09% | +0.05 |
| IBCA iShares Ibonds Dec 2035 TC | Add +3.2% | 1.51% | +0.04 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +2.6% | 1.47% | +0.04 |
| LYB Lyondellbasell Indu Class A | Add +44.1% | 0.06% | +0.04 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +2.7% | 1.51% | +0.04 |
| IBDW iShares Ibonds Dec 2031 Corp. | Add +2.7% | 1.52% | +0.04 |
| IBDX iShares Ibonds Dec 2032 TC | Add +2.6% | 1.56% | +0.04 |
| HON Honeywell International Inc. | Add +0.2% | 0.23% | +0.03 |
| TMUS T-Mobile US Inc. | Add +8.3% | 0.25% | +0.03 |
| AVGO Broadcom Inc. | Add +28.9% | 0.20% | +0.03 |
| FDX FedEx Corp. | New | 0.02% | +0.02 |
| PANW Palo Alto Networks Inc. | Add +24.2% | 0.25% | +0.02 |
| NYM AB New York Inter Muni ETF | Add +2.1% | 0.64% | +0.02 |
| MCK McKesson Corp. | Add +13.8% | 0.10% | +0.02 |
| AWK American Water Works Co. Inc. | Add +6.8% | 0.11% | +0.01 |
| CSCO Cisco Systems Inc. | Add +1.0% | 0.37% | +0.01 |
| SO The Southern Co. | Add +3.5% | 0.07% | +0.01 |
| MCD McDonald's Corp. | Add +0.3% | 0.30% | +0.01 |
| JEPQ JPM Nasdaq Equity Premium | Add +11.9% | 0.09% | +0.01 |
| ICE Intercontinental Exchange Inc. | Add +3.6% | 0.32% | +0.00 |
| MUB iShares National Muni Bond E | Add +2.0% | 0.11% | +0.00 |
| LOW Lowe's Cos Inc. | Add +1.1% | 0.11% | −0.00 |
| IVV iShares Core S&P 500 ETF | Add +1.6% | 0.08% | −0.00 |
| HD Home Depot Inc. | Add +0.8% | 0.49% | −0.01 |
| DIS The Walt Disney Co. | Add +9.3% | 0.27% | −0.02 |
| MA Mastercard Inc. Class A | Add +2.4% | 0.18% | −0.02 |
| ABT Abbott Laboratories | Add +4.6% | 0.19% | −0.03 |
| DHR Danaher Corp. | Add +0.9% | 0.16% | −0.03 |
| TSLA Tesla Inc. | Add +0.5% | 0.16% | −0.03 |
| META Meta Platforms Inc. Class A | Add +3.7% | 0.46% | −0.05 |
| V Visa Inc. Class A | Add +1.1% | 0.42% | −0.06 |
| AMZN Amazon.com Inc. | Add +0.6% | 0.82% | −0.08 |
| CRM Salesforce Inc. | Add +11.9% | 0.33% | −0.08 |
| ORCL Oracle Corp. | Add +5.2% | 0.46% | −0.12 |
| VOO Vanguard S&P 500 ETF | Add +2.5% | 12.15% | −0.18 |
| MSFT Microsoft Corp. | Add +4.1% | 1.33% | −0.32 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.0% | 8.09% | −0.44 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 162 | $1.1B | VOO, QQQ, AROW, IJH, IJR |
| Q1 2026 | 157 | $994.0M | VOO, QQQ, AROW, IJH, IJR |
| Q4 2025 | 159 | $1.0B | VOO, QQQ, AROW, IJH, IDEV |
| Q3 2025 | 160 | $978.0M | VOO, QQQ, IJH, AROW, IJR |
| Q2 2025 | 160 | $949.7M | VOO, QQQ, IJH, AROW, IJR |
| Q1 2025 | 155 | $894.5M | VOO, QQQ, IJH, AROW, SPYV |
| Q4 2024 | 167 | $1.1B | VOO, QQQ, AROW, IJH, IJR |
| Q3 2024 | 340 | $1.1B | VOO, QQQ, AROW, IJH, IJR |
| Q2 2024 | 336 | $1.0B | VOO, QQQ, IJH, AROW, IJR |
| Q1 2024 | 333 | $1.0B | VOO, IJR, IJH, SPYV, AROW |