13F-HR: Arrow Financial Discloses Q3 2025 Equity Holdings

Arrow Financial Corp. reported its institutional investment holdings for the quarter ended September 30, 2025, totaling $977.99 million across 288 securities.

Summary

• Arrow Financial Corp. filed its Form 13F-HR for the quarter ending September 30, 2025.
• The total market value of its reported holdings is $977,985,527.
• The report lists 288 distinct securities.
• Arrow Bank National Association is included as another manager in this report.
• Key holdings include significant investments in broad market ETFs such as Vanguard S&P 500 ETF ($130.04 million), Invesco QQQ Trust Series 1 ($91.51 million), iShares Core S&P Mid-Cap ETF ($56.50 million), and iShares Core S&P Small-Cap ETF ($44.90 million).
• The portfolio also features substantial allocations to various iShares iBonds ETFs, indicating a focus on fixed-income strategies with defined maturities, including iShares iBonds 2026 Term High Yield and Inc ($21.09 million) and iShares iBonds Dec 2032 TC ETF ($14.78 million).
• Notable individual equity holdings include Arrow Financial Corporation itself ($52.56 million), NVIDIA Corp ($18.95 million), Microsoft Corp ($18.47 million), and Apple Inc ($18.33 million).

Sentiment

Score: 5

Explanation: A Form 13F-HR is a factual disclosure of holdings and does not inherently convey positive or negative sentiment regarding the company's operational performance or future prospects. The sentiment is neutral as it simply reports portfolio composition.

Future Outlook

NA

Industry Context

This filing provides a snapshot of Arrow Financial Corp.'s equity and bond ETF portfolio, reflecting typical institutional investment strategies that often include diversification across market capitalization, sectors, and fixed-income instruments. The significant allocation to ETFs suggests a preference for broad market exposure and potentially lower-cost investment vehicles. The self-holding in Arrow Financial Corporation is common for financial institutions managing their own stock.

Related Party Transactions

• Arrow Financial Corp. holds 1,845,641 shares with a value of $52,231,640 under 'DFND' discretion and 11,691 shares with a value of $330,855 under 'OTR' discretion in its own stock (Arrow Financial Corporation).

Stakeholder Impact

• Shareholders gain transparency into the investment strategy and portfolio composition of Arrow Financial Corp. and its included manager, Arrow Bank National Association.

Key Dates

Keywords

Arrow Financial Corp, 13F-HR, institutional holdings, equity portfolio, investment management, Q3 2025, ETF holdings, fixed income ETFs, stock holdings, SEC filing