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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 (2017Q1)
Portfolio Summary: 350 holdings with a total value of $410,096,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 ARROW FINL CORP 1,368,054 46,377,000 11.31%
2 ISHARES TR 421,132 16,588,000 4.04%
3 APPLE INC 95,064 13,657,000 3.33%
4 AMAZON COM INC 11,438 10,140,000 2.47%
5 MICROSOFT CORP 139,171 9,166,000 2.24%
6 VISA INC 97,737 8,685,000 2.12%
7 ALPHABET INC 10,023 8,497,000 2.07%
8 FACEBOOK INC 56,090 7,968,000 1.94%
9 JOHNSON & JOHNSON 61,276 7,631,000 1.86%
10 SPDR S&P 500 ETF TR 31,980 7,539,000 1.84%
11 ISHARES TR 64,948 7,046,000 1.72%
12 JPMORGAN CHASE & CO 74,362 6,532,000 1.59%
13 GENERAL ELECTRIC CO 216,388 6,448,000 1.57%
14 EXXON MOBIL CORP 74,409 6,102,000 1.49%
15 PEPSICO INC 51,245 5,731,000 1.40%
16 DISNEY WALT CO 47,393 5,375,000 1.31%
17 PFIZER INC 154,183 5,274,000 1.29%
18 BERKSHIRE HATHAWAY INC DEL 30,386 5,065,000 1.24%
19 PROCTER AND GAMBLE CO 55,444 4,982,000 1.21%
20 MERCK & CO INC 74,776 4,751,000 1.16%
21 AMGEN INC 26,945 4,422,000 1.08%
22 CHEVRON CORP NEW 41,003 4,402,000 1.07%
23 ISHARES TR NEW YORK MUN ETF 39,250 4,324,000 1.05%
24 GOLDMAN SACHS GROUP INC 18,487 4,246,000 1.04%
25 NETFLIX INC 28,715 4,245,000 1.04%
26 SALESFORCE COM INC 50,258 4,146,000 1.01%
27 INTERNATIONAL BUSINESS MACHS 22,818 3,974,000 0.97%
28 WELLS FARGO & CO NEW 71,368 3,972,000 0.97%
29 ALPHABET INC 4,747 3,938,000 0.96%
30 MORGAN STANLEY 86,443 3,702,000 0.90%
31 US BANCORP DEL 71,757 3,695,000 0.90%
32 ISHARES TR 34,599 3,641,000 0.89%
33 SOUTHWEST AIRLS CO 66,487 3,574,000 0.87%
34 MASCO CORP 98,377 3,343,000 0.82%
35 HONEYWELL INTL INC 26,681 3,332,000 0.81%
36 PRICELINE GRP INC 1,858 3,307,000 0.81%
37 BLACKROCK INC 8,072 3,096,000 0.75%
38 CELGENE CORP 24,207 3,013,000 0.73%
39 GENERAL MLS INC 48,961 2,889,000 0.70%
40 BANK AMER CORP 122,199 2,882,000 0.70%
41 HOME DEPOT INC 19,302 2,834,000 0.69%
42 DOMINOS PIZZA INC 15,000 2,765,000 0.67%
43 FEDEX CORP 13,939 2,720,000 0.66%
44 BRISTOL MYERS SQUIBB CO 49,963 2,717,000 0.66%
45 UNION PAC CORP 25,583 2,709,000 0.66%
46 STRYKER CORP 20,375 2,682,000 0.65%
47 UNITEDHEALTH GROUP INC 16,067 2,635,000 0.64%
48 PHILLIPS 66 32,392 2,566,000 0.63%
49 STARBUCKS CORP 43,829 2,559,000 0.62%
50 ORACLE CORP 56,769 2,532,000 0.62%
Page 1 of 7

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000717538-17-000076, filed 2017.04.28).

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.