Arrow Investment Advisors, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 30, 2025), Arrow Investment Advisors, LLC reported 53 stock positions worth $90.6 million. Its top holding was Arrow Reserve Cap Mgmt ETF (ARCM) at 45.2% of the portfolio, followed by SS Industrial Select Sector (XLI, 5.1%) and iShares MSCI Eurozone ETF (EZU, 4.7%). Compared with Q2 2025, it opened 14 new positions, sold out of 13, added to 14 and reduced 19. The biggest buy was a new position in iShares S&P 500 Growth ETF (IVW) and the biggest sale an exit from Arrow Dwa Tactical: Intl ETF (DWCR).

Most Recent 13F
Q2 2026
Location
LAUREL, MD
CIK
0001378410
Portfolio Value
$90.6M (Q3 2025)
SEC Filing
0001378410-25-000005 ↗ filed Oct 30, 2025

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $117.1M Q1 2024 Q2 2024: $109.7M Q2 2024 Q3 2024: $107.4M Q3 2024 Q4 2024: $107.4M Q4 2024 Q1 2025: $94.5M Q1 2025 Q2 2025: $103.3M Q2 2025 Q3 2025: $90.6M $90.6M Q3 2025 Q4 2025: $90.0M Q4 2025 Q1 2026: $93.9M Q1 2026 Q2 2026: $103.4M Q2 2026

Holdings 53 stocks · $90.6M
ARCM Arrow Reserve Cap Mgmt ETF 45.25% 409,003 $41.0M No change
XLI SS Industrial Select Sector 5.06% 29,743 $4.6M Reduce -5.7%
EZU iShares MSCI Eurozone ETF 4.72% 69,065 $4.3M Add +2.1%
IVW iShares S&P 500 Growth ETF 4.70% 35,235 $4.3M New
GYLD Arrow Dow Jones Global Yield 4.53% 307,217 $4.1M No change
MTUM iShares MSCI USA Momentum Fa 4.51% 15,934 $4.1M Reduce -5.7%
IEV iShares Europe ETF 4.44% 61,386 $4.0M Reduce -8.5%
XLF SS Financial Select Sector 3.98% 66,847 $3.6M Reduce -5.7%
TLT iShares 20+ Year Treasury BD 1.46% 14,845 $1.3M New
LQD Ishr Ibx Usd Invgd CB ETF-Ui 1.46% 11,860 $1.3M No change
VUG Vanguard Mrngstar GR ETF-Sui 1.45% 2,740 $1.3M No change
TIP iShares Tips Bond ETF 1.43% 11,631 $1.3M No change
CWB SS SPDR BB Conv Sec ETF 1.31% 13,123 $1.2M New
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 1.18% 13,130 $1.1M New
EMB iShares JP Morgan Usd Emergi 1.11% 10,553 $1.0M New
RFG Invesco S&P Midcap 400 Pure 0.99% 17,680 $901K No change
EZA iShares MSCI South Africa Et 0.64% 9,049 $580K Reduce -28.0%
MCHI iShares MSCI China ETF 0.63% 8,619 $568K Reduce -28.0%
EWP iShares MSCI Spain ETF 0.61% 11,107 $550K Reduce -28.0%
EWI iShares MSCI Italy ETF 0.58% 10,146 $527K Reduce -28.0%
EWS iShares MSCI Singapore ETF 0.58% 18,544 $526K Reduce -28.0%
EIS iShares MSCI Israel ETF 0.57% 5,191 $521K Reduce -28.0%
ECH iShares MSCI Chile ETF 0.56% 15,271 $503K Reduce -28.0%
ENOR iShares MSCI Norway ETF 0.55% 17,322 $494K Reduce -28.0%
EPOL iShares MSCI Poland ETF 0.53% 14,937 $481K Reduce -31.3%
EWG iShares MSCI Germany ETF 0.53% 11,486 $478K Reduce -28.0%
NEM Newmont Corp. 0.43% 4,619 $389K Reduce -6.4%
GRMN Garmin Ltd. 0.34% 1,235 $304K Reduce -12.5%
PWR Quanta Services Inc. 0.33% 719 $298K New
HAS Hasbro Inc. 0.32% 3,874 $294K New
KR Kroger Co. 0.32% 4,265 $288K Add +7.5%
BR Broadridge Financial Solutio 0.30% 1,155 $275K New
TX Ternium SA-Sponsored ADR 0.28% 7,259 $252K Reduce -1.2%
HR Healthcare Realty Trust Inc. 0.26% 12,955 $234K Add +3.8%
SBLK Star Bulk Carriers Corp. 0.25% 12,360 $230K Reduce -6.4%
BCE Bce Inc. 0.25% 9,705 $227K New
OHI Omega Healthcare Investors 0.25% 5,375 $227K New
BNL Broadstone Net Lease Inc. 0.24% 12,160 $217K Add +13.2%
PK Park Hotels & Resorts Inc. 0.24% 19,461 $216K Add +10.7%
GNL Global Net Lease Inc. 0.24% 26,451 $215K Add +15.2%
XRN Chiron Real Estate Inc. filed as GLOBAL MED REIT INC 0.24% 6,374 $215K Add +43.4%
HIW Highwoods Properties Inc. 0.23% 6,419 $204K New
DEA Easterly Government Properti 0.22% 8,876 $204K New
BDN Brandywine Realty Trust 0.21% 46,431 $194K Add +14.5%
IEP Icahn Enterprises LP 0.21% 22,216 $187K Add +24.7%
BSM Black Stone Minerals LP 0.20% 13,986 $184K Add +27.8%
GEL Genesis Energy L.P. 0.20% 10,848 $181K Add +1.6%
CHCT Community Healthcare Trust I 0.20% 11,837 $181K Add +16.9%
ET Energy Transfer LP 0.19% 10,268 $176K New
KRP Kimbell Royalty Partners LP 0.19% 12,595 $170K Add +6.8%
TXO Txo Partners LP 0.18% 11,528 $162K New
MNR Mach Natural Resources LP 0.18% 12,216 $161K Add +12.9%
AES AES Corp. 0.16% 11,003 $145K Reduce -16.9%

Portfolio Sells Q2 2025 → Q3 2025
DWCR Arrow Dwa Tactical: Intl ETF Sold out 0.00% −4.72
SHY iShares 1-3 Year Treasury Bo Sold out 0.00% −3.84
SPLV Invesco S&P 500 Low Volatili Sold out 0.00% −3.66
NFLX Netflix Inc. Sold out 0.00% −2.14
AMZN Amazon.com Inc. Sold out 0.00% −1.93
GOOG Alphabet Inc. Class C Sold out 0.00% −1.59
AAPL Apple Inc. Sold out 0.00% −1.58
ICF iShares Select U.S. REIT ETF Sold out 0.00% −1.34
TMUS T-Mobile US Inc. Sold out 0.00% −0.29
WBA Walgreens Boots Alliance Inc. Sold out 0.00% −0.28
BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −0.28
EPR Epr Properties Sold out 0.00% −0.20
PDM Piedmont Realty Trust Inc. Sold out 0.00% −0.17
EPOL iShares MSCI Poland ETF Reduce -31.3% 0.53% −0.15
EWG iShares MSCI Germany ETF Reduce -28.0% 0.53% −0.13
ENOR iShares MSCI Norway ETF Reduce -28.0% 0.55% −0.10
ECH iShares MSCI Chile ETF Reduce -28.0% 0.56% −0.09
EIS iShares MSCI Israel ETF Reduce -28.0% 0.57% −0.09
EWI iShares MSCI Italy ETF Reduce -28.0% 0.58% −0.07
EWS iShares MSCI Singapore ETF Reduce -28.0% 0.58% −0.07
EWP iShares MSCI Spain ETF Reduce -28.0% 0.61% −0.05
EZA iShares MSCI South Africa Et Reduce -28.0% 0.64% −0.01
MCHI iShares MSCI China ETF Reduce -28.0% 0.63% −0.01
AES AES Corp. Reduce -16.9% 0.16% +0.03
SBLK Star Bulk Carriers Corp. Reduce -6.4% 0.25% +0.03
GRMN Garmin Ltd. Reduce -12.5% 0.34% +0.05
TX Ternium SA-Sponsored ADR Reduce -1.2% 0.28% +0.06
NEM Newmont Corp. Reduce -6.4% 0.43% +0.15
IEV iShares Europe ETF Reduce -8.5% 4.44% +0.33
XLF SS Financial Select Sector Reduce -5.7% 3.98% +0.38
XLI SS Industrial Select Sector Reduce -5.7% 5.06% +0.56
MTUM iShares MSCI USA Momentum Fa Reduce -5.7% 4.51% +0.58

Portfolio Buys Q2 2025 → Q3 2025
IVW iShares S&P 500 Growth ETF New 4.70% +4.70
TLT iShares 20+ Year Treasury BD New 1.46% +1.46
CWB SS SPDR BB Conv Sec ETF New 1.31% +1.31
HYG Ishr Ibx Usd Hiyld CB ETF-Ui New 1.18% +1.18
EMB iShares JP Morgan Usd Emergi New 1.11% +1.11
EZU iShares MSCI Eurozone ETF Add +2.1% 4.72% +0.83
PWR Quanta Services Inc. New 0.33% +0.33
HAS Hasbro Inc. New 0.32% +0.32
BR Broadridge Financial Solutio New 0.30% +0.30
BCE Bce Inc. New 0.25% +0.25
OHI Omega Healthcare Investors New 0.25% +0.25
HIW Highwoods Properties Inc. New 0.23% +0.23
DEA Easterly Government Properti New 0.22% +0.22
ET Energy Transfer LP New 0.19% +0.19
TXO Txo Partners LP New 0.18% +0.18
XRN Chiron Real Estate Inc. Add +43.4% 0.24% +0.09
BNL Broadstone Net Lease Inc. Add +13.2% 0.24% +0.07
GNL Global Net Lease Inc. Add +15.2% 0.24% +0.07
IEP Icahn Enterprises LP Add +24.7% 0.21% +0.07
HR Healthcare Realty Trust Inc. Add +3.8% 0.26% +0.07
BSM Black Stone Minerals LP Add +27.8% 0.20% +0.06
PK Park Hotels & Resorts Inc. Add +10.7% 0.24% +0.06
BDN Brandywine Realty Trust Add +14.5% 0.21% +0.05
KR Kroger Co. Add +7.5% 0.32% +0.04
CHCT Community Healthcare Trust I Add +16.9% 0.20% +0.04
KRP Kimbell Royalty Partners LP Add +6.8% 0.19% +0.03
MNR Mach Natural Resources LP Add +12.9% 0.18% +0.03
GEL Genesis Energy L.P. Add +1.6% 0.20% +0.02

Options Activity Q2 2025 → Q3 2025
NFLX Netflix Inc. put Sold out 5,000 $1.5Mbefore exit
GOOG Alphabet Inc. Class C call Sold out 1,000 $89Kbefore exit
AMZN Amazon.com Inc. call Sold out 1,000 $84Kbefore exit
GOOG Alphabet Inc. Class C put Sold out 500 $44Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 75$103.4MARCM, VLUE, EEM, XLI, EZU
Q1 2026 59$93.9MARCM, VLUE, EEM, XLI, EZU
Q4 2025 49$90.0MARCM, XLI, EZU, IVW, GYLD
Q3 2025 53$90.6MARCM, XLI, EZU, IVW, GYLD
Q2 2025 52$103.3MARCM, DWCR, XLI, IEV, MTUM
Q1 2025 46$94.5MARCM, IVW, QUAL, XLI, DWCR
Q4 2024 47$107.4MARCM, DWCR, QUAL, IVW, RPV
Q3 2024 47$107.4MARCM, DWCR, QUAL, IVW, RPV
Q2 2024 47$109.7MARCM, IVW, QUAL, DWCR, XLK
Q1 2024 52$117.1MARCM, QUAL, RPV, DWCR, XLI