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ARROW FINL CORP
ARROW FINL CORP. Institutional holdings reported to the SEC.

Institutional Holders (2016Q4)
Portfolio Summary: 92 Institutional holders with a total value of $219,916,796.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 ARROW FINANCIAL CORP 1,365,575 55,306,000 25.15%
2 BlackRock Institutional Trust Company, N.A. 509,088 20,618,000 9.38%
3 VANGUARD GROUP INC 497,603 20,153,000 9.16%
4 DIMENSIONAL FUND ADVISORS LP 434,101 17,581,000 7.99%
5 BlackRock Fund Advisors 380,114 15,395,000 7.00%
6 RENAISSANCE TECHNOLOGIES LLC 267,466 10,832,000 4.93%
7 STATE STREET CORP 235,662 9,546,000 4.34%
8 NORTHERN TRUST CORP 182,739 7,401,000 3.37%
9 PNC FINANCIAL SERVICES GROUP, INC. 157,878 6,394,000 2.91%
10 NORGES BANK 110,659 4,482,000 2.04%
11 GEODE CAPITAL MANAGEMENT, LLC 94,618 3,832,000 1.74%
12 Bank of New York Mellon Corp 83,578 3,385,000 1.54%
13 J.P. Morgan Private Wealth Advisors LLC 82,779 3,353,000 1.52%
14 WELLS FARGO & COMPANY/MN 62,483 2,530,000 1.15%
15 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 51,359 2,081,000 0.95%
16 BlackRock Investment Management, LLC 46,545 1,885,000 0.86%
17 CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 42,821 1,734,000 0.79%
18 MORGAN STANLEY 38,637 1,565,000 0.71%
19 TIAA CREF INVESTMENT MANAGEMENT LLC 36,802 1,490,000 0.68%
20 PARAMETRIC PORTFOLIO ASSOCIATES LLC 35,828 1,451,000 0.66%
21 CREDIT SUISSE AG/ 34,683 1,404,000 0.64%
22 People's United Financial, Inc. 33,557 1,359,000 0.62%
23 WEDGE CAPITAL MANAGEMENT L L P/NC 32,920 1,333,000 0.61%
24 DEUTSCHE BANK AG\ 32,732 1,323,000 0.60%
25 Ativo Capital Management LLC 30,907 1,252,000 0.57%
26 PRUDENTIAL FINANCIAL INC 28,900 1,170,000 0.53%
27 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 23,333 945,000 0.43%
28 FIRST TRUST ADVISORS LP 22,726 920,000 0.42%
29 MARTINGALE ASSET MANAGEMENT L P 22,305 904,000 0.41%
30 Swiss National Bank 20,983 850,000 0.39%
31 SUSQUEHANNA INTERNATIONAL GROUP, LLP 20,412 827,000 0.38%
32 TEACHERS ADVISORS, LLC 19,813 802,000 0.36%
33 TRUST CO OF VERMONT 19,196 777,000 0.35%
34 JPMORGAN CHASE & CO 17,403 705,000 0.32%
35 Invesco Ltd. 16,288 660,000 0.30%
36 CHICAGO EQUITY PARTNERS LLC 16,022 649,000 0.30%
37 RHUMBLINE ADVISERS 15,358 622,000 0.28%
38 COLDSTREAM CAPITAL MANAGEMENT INC 15,253 618,000 0.28%
39 CITIGROUP INC 14,776 598,000 0.27%
40 NEW YORK STATE COMMON RETIREMENT FUND 13,904 563,000 0.26%
41 MILLENNIUM MANAGEMENT LLC 11,764 476,000 0.22%
42 HighTower Advisors, LLC 11,733 475,000 0.22%
43 PRICE T ROWE ASSOCIATES INC /MD/ 11,598 470,000 0.21%
44 PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 11,071 448,000 0.20%
45 SMITH ASSET MANAGEMENT GROUP LP 11,020 446,000 0.20%
46 Spark Investment Management LLC 10,500 425,000 0.19%
47 LPL Financial LLC 9,270 376,000 0.17%
48 ALLIANCEBERNSTEIN L.P. 9,033 366,000 0.17%
49 Private Advisor Group, LLC 8,682 336,000 0.15%
50 MANUFACTURERS LIFE INSURANCE COMPANY, THE 8,272 335,000 0.15%
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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.