Q3 2026 13F · SEC CIK 717538

Arrow Financial Corp

Bank & trustFiled 2026-10-26 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $1.1B
Reported positions: 162
Top holdings a year, 3 yrs: +15.3%
Average holding period: 6.8 yrs

Arrow Financial Corp is a bank & trust that reported 162 positions worth $1.1B in its Q3 2026 13F, filed 2026-10-26. Its largest holdings were Vanguard Index Fds (VOO, 13.0%), Invesco Qqq Tr (QQQ, 9.7%), Arrow Financial Corporation (AROW, 6.2%). A portfolio copying its top holdings returned 15.3% a year over the last 3 years, against 20.4% for the S&P 500.

Arrow Financial Corp holdings largest 50 of 162 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Arrow Financial Corp 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
VOOVanguard Index Fds	13.0%	12.3%	202,915	+1.7%	$142.2M
QQQInvesco Qqq Tr	9.7%	9.4%	144,102	+0.8%	$106.6M
AROWArrow Financial Corporation	6.2%	6.8%	1,833,064	-1.4%	$67.5M
IJHIshares Tr	5.9%	6.3%	905,894	+0.0%	$65.2M
IDEVIshares Tr	4.7%	4.5%	572,476	+0.9%	$51.2M
IJRIshares Tr	4.4%	4.8%	353,715	-2.1%	$48.1M
SPYVState Street Spdr Portfolio S&p 500 Valu	4.3%	4.2%	769,595	-0.1%	$47.0M
IBHGIshares Tr	3.2%	3.0%	1,587,518	+6.4%	$34.6M
VOVanguard Index Fds	2.1%	2.1%	286,754	-3.5%	$22.5M
AAPLApple Inc	2.0%	1.8%	64,615	-4.6%	$21.5M
NVDANvidia Corporation	2.0%	1.7%	93,793	-2.8%	$21.4M
JEPIJ P Morgan Exchange Traded F	1.8%	1.6%	346,877	+12.8%	$19.5M
TLHIshares Tr	1.8%	1.6%	208,368	+18.2%	$19.2M
VOLTTema ETF Trust	1.7%	1.9%	526,041	+4.9%	$18.6M
GOOGLAlphabet Inc	1.6%	1.6%	51,125	-0.0%	$17.6M
MSFTMicrosoft Corp	1.6%	1.2%	33,284	-7.4%	$17.1M
IBDXIshares Tr	1.4%	1.4%	625,745	-0.8%	$15.1M
IBDYIshares Tr	1.4%	1.4%	606,324	-0.6%	$14.8M
IBDWIshares Tr	1.4%	1.4%	738,467	-0.5%	$14.8M
46438G372Ishares Tr	1.4%	1.4%	615,326	-0.0%	$14.8M
IBDUIshares Tr	1.4%	1.4%	652,334	-0.6%	$14.8M
IBDVIshares Tr	1.3%	1.4%	698,000	-0.7%	$14.8M
IBDTIshares Ibonds Dec 2028 Term Corporate E	1.3%	1.3%	588,817	-0.5%	$14.7M
IBDZIshares Tr	1.2%	1.2%	527,694	+3.0%	$13.0M
AMZNAmazon Com Inc	0.8%	0.8%	37,363	-2.6%	$9.3M
VBVanguard Index Fds	0.8%	0.8%	29,153	-3.5%	$8.3M
JPMJpmorgan Chase & Co	0.7%	0.7%	22,957	-3.6%	$7.6M
MRVLMarvell Technology Inc	0.6%	0.7%	26,682	+0.6%	$7.0M
NYMAB New York Intermediate Muni ETF	0.6%	0.6%	275,928	+2.9%	$6.6M
APHAmphenol Corp	0.6%	0.6%	73,680	+96.5%	$6.2M
AGGIshares Tr	0.5%	0.6%	61,616	-0.9%	$5.8M
IBCBIshares Tr Ibonds Dec 2036 Term Corp. Et	0.5%	0.3%	244,579	+85.2%	$5.8M
METAMeta Platforms Inc	0.5%	0.4%	7,924	-1.6%	$5.7M
PANWPalo Alto Networks Inc	0.5%	0.5%	13,464	-16.1%	$5.3M
JNJJohnson & Johnson	0.4%	0.4%	17,924	-2.8%	$4.7M
LLYEli Lilly & Co	0.4%	0.5%	4,015	-8.9%	$4.6M
CSCOCisco Sys Inc	0.4%	0.5%	42,355	-6.9%	$4.6M
VVisa Inc	0.4%	0.4%	12,385	-8.1%	$4.5M
XOMExxonmobil Holdings Corp	0.4%	—	27,170	—	$4.4M
CATCaterpillar Inc	0.4%	0.5%	5,324	-5.5%	$4.3M
ORCLOracle Corp	0.4%	0.4%	30,852	-0.9%	$4.2M
HDHome Depot Inc	0.4%	0.5%	14,637	-1.5%	$4.2M
BRK-BBerkshire Hathaway Inc Del	0.4%	0.4%	7,816	-13.2%	$3.9M
CRMSalesforce Inc	0.4%	—	16,936	—	$3.9M
NYFIshares Tr	0.3%	0.4%	74,341	-10.3%	$3.8M
IBDSIshares Tr	0.3%	0.5%	152,754	-27.1%	$3.7M
VCSHVanguard Scottsdale Fds	0.3%	0.4%	47,352	-14.9%	$3.7M
IBDRIshares Tr	0.3%	0.4%	148,253	-26.2%	$3.6M
AMGNAmgen Inc	0.3%	—	8,015	—	$3.4M
GOOGAlphabet Inc	0.3%	0.3%	9,853	-9.2%	$3.4M

What Arrow Financial Corp bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Added to

APH Amphenol Corp+96.5% shares
IBCB Ishares Tr Ibonds Dec 2036 Term Corp. Et+85.2% shares
TLH Ishares Tr+18.2% shares
JEPI J P Morgan Exchange Traded F+12.8% shares
IBHG Ishares Tr+6.4% shares

Reduced

IBDS Ishares Tr-27.1% shares
IBDR Ishares Tr-26.2% shares
PANW Palo Alto Networks Inc-16.1% shares
VCSH Vanguard Scottsdale Fds-14.9% shares
BRK-B Berkshire Hathaway Inc Del-13.2% shares
NYF Ishares Tr-10.3% shares
GOOG Alphabet Inc-9.2% shares
LLY Eli Lilly & Co-8.9% shares

Left the top 50

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +18.6% /yr; S&P 500 +20.1%
3 years: +15.3% /yr; S&P 500 +20.4%
5 years: +6.1% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$1.1B	162
Q2 2026	$1.1B	162
Q1 2026	$994.0M	157
Q4 2025	$1.0B	159
Q3 2025	$978.0M	160
Q2 2025	$949.7M	160
Q1 2025	$894.5M	155
Q4 2024	$1.1B	167
Q3 2024	$1.1B	340
Q2 2024	$1.0B	336
Q1 2024	$1.0B	333
Q4 2023	$963.8M	348

Questions about Arrow Financial Corp's portfolio

What stocks does Arrow Financial Corp own?

Arrow Financial Corp's latest 13F, for Q3 2026 and filed Oct 26, 2026, lists 162 positions worth $1.1B. The largest are Vanguard Index Fds (VOO) at 13.0%, Invesco Qqq Tr (QQQ) at 9.7%, Arrow Financial Corporation (AROW) at 6.2%, Ishares Tr (IJH) at 5.9% and Ishares Tr (IDEV) at 4.7%.

What did Arrow Financial Corp buy last quarter?

In Q3 2026, Arrow Financial Corp added Amphenol Corp (APH) (+96.5% shares), Ishares Tr Ibonds Dec 2036 Term Corp. Et (IBCB) (+85.2% shares) and Ishares Tr (TLH) (+18.2% shares), compared with its Q2 2026 filing.

What did Arrow Financial Corp sell last quarter?

In Q3 2026, Arrow Financial Corp cut from its top 50 Exxon Mobil Corp (XOM), cut from its top 50 Bank of Amer Corp (BAC), cut from its top 50 Blackrock Inc (BLK), Ishares Tr (IBDS) (-27.1% shares), Ishares Tr (IBDR) (-26.2% shares) and Palo Alto Networks Inc (PANW) (-16.1% shares), compared with its Q2 2026 filing.

How has Arrow Financial Corp's portfolio performed?

A portfolio copying Arrow Financial Corp's 20 largest 13F holdings each quarter, from the day each filing was public, returned +15.3% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +18.6% against +20.1%. Over 5 years: +6.1% a year against +11.6%.

When is Arrow Financial Corp's next 13F filing due?

13F filings are due 45 days after each quarter ends. Arrow Financial Corp's filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.