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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 (2015Q3)
Portfolio Summary: 337 holdings with a total value of $351,926,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 ARROW FINL CORP 1,360,734 36,332,000 10.32%
2 APPLE INC 113,069 12,472,000 3.54%
3 AMAZON COM INC 14,973 7,664,000 2.18%
4 SPDR S&P 500 ETF TR 38,580 7,393,000 2.10%
5 VISA INC 104,389 7,272,000 2.07%
6 ISHARES TR 65,269 7,152,000 2.03%
7 ISHARES NASDAQ BIOTECHNOLOGY ETF 10,810 6,900,000 1.96%
8 UNDER ARMOUR INC 71,025 6,873,000 1.95%
9 JOHNSON & JOHNSON 65,366 6,102,000 1.73%
10 GENERAL ELECTRIC CO 239,323 6,035,000 1.71%
11 WELLS FARGO & CO NEW 116,147 5,965,000 1.69%
12 MICROSOFT CORP 131,864 5,837,000 1.66%
13 FACEBOOK INC 63,145 5,677,000 1.61%
14 PEPSICO INC 58,960 5,560,000 1.58%
15 EXXON MOBIL CORP 72,707 5,406,000 1.54%
16 JPMORGAN CHASE & CO 85,625 5,220,000 1.48%
17 DISNEY WALT CO 49,927 5,102,000 1.45%
18 SALESFORCE COM INC 71,685 4,978,000 1.41%
19 BERKSHIRE HATHAWAY INC DEL 37,449 4,883,000 1.39%
20 PFIZER INC 150,196 4,717,000 1.34%
21 PROCTER AND GAMBLE CO 60,592 4,359,000 1.24%
22 GILEAD SCIENCES INC 42,696 4,192,000 1.19%
23 ISHARES TR NEW YORK MUN ETF 37,508 4,156,000 1.18%
24 AMGEN INC 27,661 3,825,000 1.09%
25 CVS HEALTH CORP 39,419 3,803,000 1.08%
26 MORGAN STANLEY 117,227 3,692,000 1.05%
27 GOLDMAN SACHS GROUP INC 20,737 3,604,000 1.02%
28 GOOGLE INC 5,916 3,600,000 1.02%
29 INTERNATIONAL BUSINESS MACHS 24,367 3,531,000 1.00%
30 CELGENE CORP 32,563 3,522,000 1.00%
31 CHEVRON CORP NEW 43,488 3,431,000 0.97%
32 CHECK POINT SOFTWARE TECH LT 41,453 3,288,000 0.93%
33 UNITED TECHNOLOGIES CORP 36,575 3,254,000 0.92%
34 MERCK & CO INC 65,850 3,252,000 0.92%
35 BIOGEN INC 10,717 3,128,000 0.89%
36 CITIGROUP INC 62,587 3,104,000 0.88%
37 BANK AMER CORP 189,687 2,956,000 0.84%
38 INTEL CORP 91,312 2,752,000 0.78%
39 NETFLIX INC 25,920 2,676,000 0.76%
40 SOUTHWEST AIRLS CO 69,932 2,660,000 0.76%
41 INTERNATIONAL FLAVORS&FRAGRA 25,121 2,594,000 0.74%
42 HONEYWELL INTL INC 27,207 2,576,000 0.73%
43 CERNER CORP 42,785 2,565,000 0.73%
44 UNION PAC CORP 28,486 2,518,000 0.72%
45 STARBUCKS CORP 43,607 2,478,000 0.70%
46 COSTCO WHSL CORP NEW 17,097 2,472,000 0.70%
47 HOME DEPOT INC 21,283 2,459,000 0.70%
48 US BANCORP DEL 58,708 2,408,000 0.68%
49 PRICELINE GRP INC 1,920 2,376,000 0.68%
50 MASCO CORP 92,800 2,337,000 0.66%
Page 1 of 7

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000717538-15-000111, filed 2015.11.06).

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.