ARROW FINANCIAL CORP - Common Stock (AROW) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Common Stock
Symbol
AROW on Nasdaq
Shares outstanding
16,676,558
Price per share
$31.40
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
9,469,967
Total reported value
$292,823,448
% of total 13F portfolios
0%
Share change
+994,539
Value change
+$28,027,729
Number of holders
134
Price from insider filings
$31.40
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of ARROW FINANCIAL CORP - Common Stock (AROW) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
VANGUARD GROUP INC 5.2% $23,043,014 872,184 The Vanguard Group 30 Jun 2025

As of 31 Dec 2025, 134 institutional investors reported holding 9,469,967 shares of ARROW FINANCIAL CORP - Common Stock (AROW). This represents 57% of the company’s total 16,676,558 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of ARROW FINANCIAL CORP - Common Stock (AROW) together control 50% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
Arrow Financial Corp 11% 1,871,735 +0.78% 5.9% $58,772,479
BlackRock, Inc. 7.5% 1,251,086 -1.3% 0% $39,284,113
VANGUARD GROUP INC 5.3% 876,807 -1.4% 0% $27,531,739
Rhino Investment Partners, Inc 4.7% 789,305 +246% 5.8% $20,332,497
DIMENSIONAL FUND ADVISORS LP 4.4% 728,534 -1.6% 0% $22,876,087
STATE STREET CORP 2.2% 369,085 -2.1% 0% $11,589,269
GEODE CAPITAL MANAGEMENT, LLC 2.2% 363,724 -2% 0% $11,423,494
AMERICAN CENTURY COMPANIES INC 1.9% 322,964 -0.32% 0.01% $10,141,070
RENAISSANCE TECHNOLOGIES LLC 1.5% 252,205 +1.2% 0.01% $7,919,237
MORGAN STANLEY 1.1% 187,897 -5.8% 0% $5,900,034
ACADIAN ASSET MANAGEMENT LLC 0.86% 143,019 +135% 0.01% $4,487,000
NORTHERN TRUST CORP 0.77% 128,012 -5.5% 0% $4,019,576
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.76% 127,525 -1.6% 0% $4,004,285
Rockefeller Capital Management L.P. 0.72% 119,842 +0.43% 0.01% $3,763,063
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.7% 116,889 +3.7% 0.01% $3,670,315
VOYA INVESTMENT MANAGEMENT LLC 0.61% 101,905 -17% 0% $3,199,817
Bank of New York Mellon Corp 0.52% 86,676 -2.2% 0% $2,721,632
TWO SIGMA INVESTMENTS, LP 0.48% 80,374 +31% 0% $2,523,744
Connor, Clark & Lunn Investment Management Ltd. 0.45% 74,328 -4.4% 0.01% $2,333,899
SEGALL BRYANT & HAMILL, LLC 0.42% 69,263 0.03% $2,174,858
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.4% 66,697 +196% 0% $2,094,286
GOLDMAN SACHS GROUP INC 0.38% 64,079 -12% 0% $2,012,087
JOHNSON INVESTMENT COUNSEL INC 0.37% 61,882 +3.2% 0.02% $1,943,095
TRUST CO OF VERMONT 0.34% 56,365 -1.7% 0.07% $1,769,861
TWO SIGMA ADVISERS, LP 0.3% 50,419 +0.6% 0% $1,583,157

Institutional Holders of ARROW FINANCIAL CORP - Common Stock (AROW) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 9,469,967 $292,823,448 +$28,027,729 $31.40 134
2025 Q3 8,473,543 $239,808,638 -$703,180 $28.30 115
2025 Q2 8,502,079 $224,627,501 -$2,805,307 $26.42 103
2025 Q1 8,590,319 $225,841,600 +$1,072,994 $26.29 108
2024 Q4 8,545,402 $245,341,175 +$6,193,411 $28.71 106
2024 Q3 8,316,610 $238,306,990 +$4,019,042 $28.66 103
2024 Q2 8,121,972 $211,578,718 +$8,686,011 $26.05 91
2024 Q1 7,780,183 $194,661,425 +$547,843 $25.02 99
2023 Q4 7,721,812 $215,654,015 +$5,739,709 $27.94 108
2023 Q3 7,568,597 $128,823,849 +$2,493,631 $17.02 91
2023 Q2 7,423,670 $149,510,922 +$1,281,394 $20.14 91
2023 Q1 7,332,935 $182,597,697 -$3,223,985 $24.91 93
2022 Q4 7,432,978 $251,857,113 +$7,329,080 $33.90 93
2022 Q3 7,253,233 $209,038,884 +$4,269,453 $28.82 87
2022 Q2 7,063,522 $224,685,840 +$864,802 $31.81 90
2022 Q1 7,130,463 $231,217,110 +$4,202,906 $32.42 90
2021 Q4 7,000,138 $246,600,678 +$101,568 $35.23 91
2021 Q3 6,973,732 $239,667,158 +$7,690,854 $34.36 90
2021 Q2 6,746,829 $242,577,247 +$5,315,553 $35.95 89
2021 Q1 6,608,072 $220,123,390 +$2,029,224 $33.31 91
2020 Q4 6,555,650 $196,075,602 +$99,047 $29.91 86
2020 Q3 6,567,427 $164,814,002 +$1,822,245 $25.09 89
2020 Q2 6,480,660 $192,608,141 +$3,272,701 $29.73 81
2020 Q1 6,373,943 $177,636,062 -$765,819 $27.87 80
2019 Q4 6,374,604 $240,943,559 +$5,173,778 $37.80 84
2019 Q3 6,243,275 $208,462,068 +$9,477,924 $33.39 85
2019 Q2 5,961,153 $207,017,498 +$2,626,665 $34.73 81
2019 Q1 5,936,367 $195,248,361 -$762,047 $32.89 81
2018 Q4 5,958,482 $190,787,072 +$1,342,785 $32.02 86
2018 Q3 5,912,698 $218,768,148 +$6,662,542 $37.00 86
2018 Q2 5,715,272 $208,028,213 +$5,323,647 $36.40 88
2018 Q1 5,589,609 $189,767,569 -$2,894,053 $33.95 78
2017 Q4 5,676,002 $192,704,220 +$78,714 $33.95 82
2017 Q3 5,666,688 $194,649,598 +$4,763,913 $34.35 78
2017 Q2 5,530,331 $175,028,988 +$1,428,369 $31.65 81
2017 Q1 5,480,940 $185,806,441 +$33,352,657 $33.90 86
2016 Q4 5,430,447 $219,901,796 +$13,202,612 $40.50 90
2016 Q3 5,133,453 $168,364,132 +$5,653,352 $32.83 87
2016 Q2 4,961,042 $150,254,700 +$1,057,431 $30.29 82
2016 Q1 4,926,719 $130,880,000 +$3,015,469 $26.57 80
2015 Q4 4,786,917 $130,057,529 +$210,362 $27.17 74
2015 Q3 4,770,191 $127,365,247 +$4,217,088 $26.70 72
2015 Q2 4,614,078 $124,716,697 -$312,242 $27.03 75
2015 Q1 4,626,838 $125,554,715 -$246,522 $27.15 72
2014 Q4 4,635,861 $127,377,953 +$3,928,588 $27.49 73
2014 Q3 4,496,154 $112,720,023 +$2,911,488 $25.07 73
2014 Q2 4,479,540 $116,198,779 -$1,772,865 $25.94 73
2014 Q1 4,547,422 $120,208,839 +$115,697 $26.44 71