ARROW FINANCIAL CORP - Common Stock (AROW) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Common Stock
Symbol
AROW on Nasdaq
Shares outstanding
16,676,558
Price per share
$31.40
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
8,473,514
Total reported value
$239,807,817
% of total 13F portfolios
0%
Share change
-30,177
Value change
-$704,001
Number of holders
114
Price from insider filings
$31.40
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of ARROW FINANCIAL CORP - Common Stock (AROW) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
VANGUARD GROUP INC 5.2% $23,043,014 872,184 The Vanguard Group 30 Jun 2025

As of 30 Sep 2025, 114 institutional investors reported holding 8,473,514 shares of ARROW FINANCIAL CORP - Common Stock (AROW). This represents 51% of the company’s total 16,676,558 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of ARROW FINANCIAL CORP - Common Stock (AROW) together control 46% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
Arrow Financial Corp 11% 1,857,332 -1.6% 5.4% $52,562,495
BlackRock, Inc. 7.6% 1,267,270 -3.1% 0% $35,863,754
VANGUARD GROUP INC 5.3% 889,234 +2% 0% $25,165,323
DIMENSIONAL FUND ADVISORS LP 4.4% 740,453 -0.82% 0% $20,954,780
STATE STREET CORP 2.3% 376,916 +1% 0% $10,666,723
GEODE CAPITAL MANAGEMENT, LLC 2.2% 371,179 -0.35% 0% $10,506,793
AMERICAN CENTURY COMPANIES INC 1.9% 323,994 -1.4% 0% $9,169,031
RENAISSANCE TECHNOLOGIES LLC 1.5% 249,288 -4.8% 0.01% $7,054,850
Rhino Investment Partners, Inc 1.4% 227,804 +14% 2% $6,446,853
MORGAN STANLEY 1.2% 199,395 -5.9% 0% $5,642,926
NORTHERN TRUST CORP 0.81% 135,507 -0.82% 0% $3,834,848
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.78% 129,575 +2.2% 0% $3,666,973
Voya Investment Management LLC 0.73% 122,177 -17% 0% $3,457,608
Rockefeller Capital Management L.P. 0.72% 119,331 +0.43% 0.01% $3,377,070
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.68% 112,689 -7.7% 0.01% $3,189,099
Bank of New York Mellon Corp 0.53% 88,662 +1.3% 0% $2,509,142
Connor, Clark & Lunn Investment Management Ltd. 0.47% 77,728 -1.8% 0.01% $2,199,702
GOLDMAN SACHS GROUP INC 0.44% 72,725 +82% 0% $2,058,124
TWO SIGMA INVESTMENTS, LP 0.37% 61,486 +29% 0% $1,740,054
ACADIAN ASSET MANAGEMENT LLC 0.37% 60,953 +146% 0% $1,722,000
JOHNSON INVESTMENT COUNSEL INC 0.36% 59,992 +0.62% 0.01% $1,697,774
TRUST CO OF VERMONT 0.34% 57,365 0% 0.07% $1,623,430
TWO SIGMA ADVISERS, LP 0.3% 50,119 +47% 0% $1,418,368
Nuveen, LLC 0.29% 48,699 0% 0% $1,378,182
JANE STREET GROUP, LLC 0.23% 38,899 +97% 0% $1,100,841

Institutional Holders of ARROW FINANCIAL CORP - Common Stock (AROW) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 90,783 $2,850,602 +$550,608 $31.40 10
2025 Q3 8,473,514 $239,807,817 -$704,001 $28.30 114
2025 Q2 8,502,079 $224,627,501 -$2,805,307 $26.42 103
2025 Q1 8,590,319 $225,841,600 +$1,072,994 $26.29 108
2024 Q4 8,545,402 $245,341,175 +$6,193,411 $28.71 106
2024 Q3 8,316,610 $238,306,990 +$4,019,042 $28.66 103
2024 Q2 8,121,972 $211,578,718 +$8,686,011 $26.05 91
2024 Q1 7,780,183 $194,661,425 +$547,843 $25.02 99
2023 Q4 7,721,812 $215,654,015 +$5,739,709 $27.94 108
2023 Q3 7,568,597 $128,823,849 +$2,493,631 $17.02 91
2023 Q2 7,423,670 $149,510,922 +$1,281,394 $20.14 91
2023 Q1 7,332,935 $182,597,697 -$3,223,985 $24.91 93
2022 Q4 7,432,978 $251,857,113 +$7,329,080 $33.90 93
2022 Q3 7,253,233 $209,038,884 +$4,269,453 $28.82 87
2022 Q2 7,063,522 $224,685,840 +$864,802 $31.81 90
2022 Q1 7,130,463 $231,217,110 +$4,202,906 $32.42 90
2021 Q4 7,000,138 $246,600,678 +$101,568 $35.23 91
2021 Q3 6,973,732 $239,667,158 +$7,690,854 $34.36 90
2021 Q2 6,746,829 $242,577,247 +$5,315,553 $35.95 89
2021 Q1 6,608,072 $220,123,390 +$2,029,224 $33.31 91
2020 Q4 6,555,650 $196,075,602 +$99,047 $29.91 86
2020 Q3 6,567,427 $164,814,002 +$1,822,245 $25.09 89
2020 Q2 6,480,660 $192,608,141 +$3,272,701 $29.73 81
2020 Q1 6,373,943 $177,636,062 -$765,819 $27.87 80
2019 Q4 6,374,604 $240,943,559 +$5,173,778 $37.80 84
2019 Q3 6,243,275 $208,462,068 +$9,477,924 $33.39 85
2019 Q2 5,961,153 $207,017,498 +$2,626,665 $34.73 81
2019 Q1 5,936,367 $195,248,361 -$762,047 $32.89 81
2018 Q4 5,958,482 $190,787,072 +$1,342,785 $32.02 86
2018 Q3 5,912,698 $218,768,148 +$6,662,542 $37.00 86
2018 Q2 5,715,272 $208,028,213 +$5,323,647 $36.40 88
2018 Q1 5,589,609 $189,767,569 -$2,894,053 $33.95 78
2017 Q4 5,676,002 $192,704,220 +$78,714 $33.95 82
2017 Q3 5,666,688 $194,649,598 +$4,763,913 $34.35 78
2017 Q2 5,530,331 $175,028,988 +$1,428,369 $31.65 81
2017 Q1 5,480,940 $185,806,441 +$33,352,657 $33.90 86
2016 Q4 5,430,447 $219,901,796 +$13,202,612 $40.50 90
2016 Q3 5,133,453 $168,364,132 +$5,653,352 $32.83 87
2016 Q2 4,961,042 $150,254,700 +$1,057,431 $30.29 82
2016 Q1 4,926,719 $130,880,000 +$3,015,469 $26.57 80
2015 Q4 4,786,917 $130,057,529 +$210,362 $27.17 74
2015 Q3 4,770,191 $127,365,247 +$4,217,088 $26.70 72
2015 Q2 4,614,078 $124,716,697 -$312,242 $27.03 75
2015 Q1 4,626,838 $125,554,715 -$246,522 $27.15 72
2014 Q4 4,635,861 $127,377,953 +$3,928,588 $27.49 73
2014 Q3 4,496,154 $112,720,023 +$2,911,488 $25.07 73
2014 Q2 4,479,540 $116,198,779 -$1,772,865 $25.94 73
2014 Q1 4,547,422 $120,208,839 +$115,697 $26.44 71