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Institutional Investment Manager
ARROW FINANCIAL CORP
ARROW FINANCIAL CORP (CIK: 0000717538) incorporated in New York, registered under National Commercial Banks, located at 250 Glen St, Glens Falls, NY. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q1)
Portfolio Summary: 387 holdings with a total value of $371,711,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 ARROW FINL CORP 1,369,934 37,194,000 10.01%
2 APPLE INC 102,979 12,814,000 3.45%
3 VISA INC 103,254 6,755,000 1.82%
4 JOHNSON & JOHNSON 64,968 6,535,000 1.76%
5 ISHARES TR 57,686 6,428,000 1.73%
6 EXXON MOBIL CORP 74,990 6,374,000 1.71%
7 AMAZON COM INC 16,819 6,259,000 1.68%
8 PEPSICO INC 62,235 5,950,000 1.60%
9 GENERAL ELECTRIC CO 232,932 5,779,000 1.55%
10 UNDER ARMOUR INC 70,735 5,713,000 1.54%
11 BERKSHIRE HATHAWAY INC DEL 37,566 5,421,000 1.46%
12 JPMORGAN CHASE & CO 85,375 5,172,000 1.39%
13 DISNEY WALT CO 48,240 5,060,000 1.36%
14 WELLS FARGO & CO NEW 89,726 4,882,000 1.31%
15 PROCTER AND GAMBLE CO 58,170 4,767,000 1.28%
16 MICROSOFT CORP 117,267 4,767,000 1.28%
17 SPDR S&P 500 ETF TR 22,921 4,731,000 1.27%
18 SALESFORCE COM INC 70,357 4,701,000 1.26%
19 ISHARES NASDAQ BIOTECHNOLOGY ETF 8,449 4,686,000 1.26%
20 PFIZER INC 131,884 4,589,000 1.23%
21 INTERNATIONAL BUSINESS MACHS 28,195 4,525,000 1.22%
22 UNITED TECHNOLOGIES CORP 36,059 4,227,000 1.14%
23 CHEVRON CORP NEW 39,795 4,178,000 1.12%
24 ISHARES TR NEW YORK MUN ETF 36,711 4,120,000 1.11%
25 MORGAN STANLEY 114,706 4,094,000 1.10%
26 AMGEN INC 25,123 4,016,000 1.08%
27 GOLDMAN SACHS GROUP INC 21,279 4,000,000 1.08%
28 GILEAD SCIENCES INC 38,643 3,791,000 1.02%
29 CVS HEALTH CORP 36,378 3,754,000 1.01%
30 CELGENE CORP 32,551 3,753,000 1.01%
31 FACEBOOK INC 45,526 3,743,000 1.01%
32 INTEL CORP 119,257 3,729,000 1.00%
33 GOOGLE INC 6,689 3,665,000 0.99%
34 MERCK & CO INC 61,348 3,526,000 0.95%
35 BIOGEN INC 8,309 3,509,000 0.94%
36 CITIGROUP INC 58,677 3,022,000 0.81%
37 COSTCO WHSL CORP NEW 19,327 2,927,000 0.79%
38 UNION PAC CORP 26,171 2,834,000 0.76%
39 SOUTHWEST AIRLS CO 63,749 2,824,000 0.76%
40 HONEYWELL INTL INC 26,646 2,779,000 0.75%
41 SCHLUMBERGER LTD 32,602 2,720,000 0.73%
42 CORNING INC 119,976 2,720,000 0.73%
43 CHECK POINT SOFTWARE TECH LT 33,083 2,712,000 0.73%
44 COLGATE PALMOLIVE CO 38,495 2,669,000 0.72%
45 BANK AMER CORP 172,756 2,659,000 0.72%
46 VERIZON COMMUNICATIONS INC 54,624 2,656,000 0.71%
47 HOME DEPOT INC 23,331 2,651,000 0.71%
48 CHIPOTLE MEXICAN GRILL INC 4,074 2,651,000 0.71%
49 AMERICAN INTL GROUP INC 45,424 2,489,000 0.67%
50 ALLERGAN PLC 8,349 2,485,000 0.67%
Page 1 of 8

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000717538-15-000045, filed 2015.04.30).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.