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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 (2016Q2)
Portfolio Summary: 349 holdings with a total value of $383,444,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 ARROW FINL CORP 1,354,169 41,017,000 10.70%
2 APPLE INC 109,979 10,514,000 2.74%
3 AMAZON COM INC 12,434 8,898,000 2.32%
4 SPDR S&P 500 ETF TR 42,087 8,816,000 2.30%
5 JOHNSON & JOHNSON 64,267 7,796,000 2.03%
6 ISHARES TR 68,309 7,692,000 2.01%
7 ALPHABET INC 10,800 7,598,000 1.98%
8 MICROSOFT CORP 146,953 7,520,000 1.96%
9 GENERAL ELECTRIC CO 238,508 7,509,000 1.96%
10 VISA INC 101,177 7,504,000 1.96%
11 EXXON MOBIL CORP 74,977 7,029,000 1.83%
12 FACEBOOK INC 55,607 6,354,000 1.66%
13 PEPSICO INC 53,418 5,658,000 1.48%
14 PFIZER INC 160,253 5,643,000 1.47%
15 JPMORGAN CHASE & CO 89,870 5,584,000 1.46%
16 WELLS FARGO & CO NEW 113,615 5,378,000 1.40%
17 BERKSHIRE HATHAWAY INC DEL 37,054 5,364,000 1.40%
18 PROCTER AND GAMBLE CO 59,472 5,035,000 1.31%
19 SALESFORCE COM INC 62,182 4,939,000 1.29%
20 DISNEY WALT CO 50,021 4,893,000 1.28%
21 CHEVRON CORP NEW 43,688 4,579,000 1.19%
22 MERCK & CO INC 78,402 4,517,000 1.18%
23 AMGEN INC 27,852 4,238,000 1.11%
24 ISHARES TR NEW YORK MUN ETF 35,729 4,119,000 1.07%
25 BRISTOL MYERS SQUIBB CO 53,853 3,961,000 1.03%
26 CVS HEALTH CORP 41,042 3,929,000 1.02%
27 ALPHABET INC 5,639 3,903,000 1.02%
28 INTERNATIONAL BUSINESS MACHS 23,260 3,531,000 0.92%
29 NETFLIX INC 38,246 3,499,000 0.91%
30 GENERAL MLS INC 48,996 3,495,000 0.91%
31 GILEAD SCIENCES INC 40,918 3,413,000 0.89%
32 CHECK POINT SOFTWARE TECH LT 41,584 3,314,000 0.86%
33 HONEYWELL INTL INC 27,457 3,193,000 0.83%
34 UNDER ARMOUR INC 79,100 3,175,000 0.83%
35 NEXTERA ENERGY INC 23,803 3,104,000 0.81%
36 VERIZON COMMUNICATIONS INC 54,982 3,071,000 0.80%
37 MASCO CORP 98,895 3,060,000 0.80%
38 US BANCORP DEL 72,985 2,943,000 0.77%
39 GOLDMAN SACHS GROUP INC 19,737 2,933,000 0.76%
40 MORGAN STANLEY 111,786 2,904,000 0.76%
41 VULCAN MATLS CO 23,979 2,886,000 0.75%
42 PAYPAL HLDGS INC 75,911 2,772,000 0.72%
43 SOUTHWEST AIRLS CO 69,501 2,725,000 0.71%
44 CELGENE CORP 27,458 2,709,000 0.71%
45 STARBUCKS CORP 46,490 2,656,000 0.69%
46 COSTCO WHSL CORP NEW 16,542 2,598,000 0.68%
47 HOME DEPOT INC 20,330 2,596,000 0.68%
48 FEDEX CORP 17,070 2,590,000 0.68%
49 INTERNATIONAL FLAVORS&FRAGRA 19,973 2,518,000 0.66%
50 PHILLIPS 66 31,440 2,494,000 0.65%
Page 1 of 7

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000717538-16-000326, filed 2016.08.02).

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.