1y return+20.8%S&P 500 +20.9%
3y return+51.8%S&P 500 +68.5%
5y return+44.2%S&P 500 +74.5%
10y return+169.7%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $270 against $357 in the S&P 500.2
Arrow Financial CorpS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| VOOVanguard S&p 500 Etf | $137.0M | 12.3% | −1.3% |
| QQQInvesco Qqq Trust Series 1 | $105.3M | 9.4% | +2.6% |
| AROWArrow Financial Corporation | $76.2M | 6.8% | −1.0% |
| IJHIshares Core S&p Mid-cap Etf | $69.8M | 6.3% | −2.0% |
| IJRIshares Core S&p Small-cap Etf | $53.6M | 4.8% | −6.3% |
| IDEVIshares Core Msci Dev Mkts Etf | $50.5M | 4.5% | +1.7% |
| SPYVSpdr Portfolio S&p 500 Value Etf | $46.8M | 4.2% | −1.4% |
| IBHGIshares Tr Ibonds 2027 Term Etf | $32.9M | 3.0% | New |
| VOVanguard Mid-cap Etf | $24.0M | 2.1% | −3.6% |
| VOLTTema Electrification Etf | $21.0M | 1.9% | +8.1% |
| AAPLApple Inc | $19.6M | 1.8% | −2.1% |
| NVDANvidia Corp | $19.3M | 1.7% | −3.4% |
| GOOGLAlphabet Inc Cl A | $18.3M | 1.6% | −3.4% |
| TLHIshares 10-20 Year Treasury Bond Etf | $17.7M | 1.6% | +95.3% |
| JEPIJ P Morgan Exchange Traded Fd Equity Premium | $17.4M | 1.6% | +20.0% |
| IBDXIshares Ibonds Dec 2032 Tc Etf | $15.9M | 1.4% | +2.7% |
| IBCAIshares Tr Ibonds Dec 2035 | $15.8M | 1.4% | +4.9% |
| IBDYIshares Ibonds Dec 2033 Corp | $15.7M | 1.4% | +3.4% |
| IBDWIshares Ibonds Dec 2031 Term Corp | $15.5M | 1.4% | +2.7% |
| IBDVIshares Ibonds Dec 2030 Term Corp | $15.3M | 1.4% | +2.6% |
| IBDUIshares Ibonds Dec 2029 Term Corp | $15.2M | 1.4% | +2.2% |
| IBDTIshares Ibonds Dec 2028 Term Corp | $14.9M | 1.3% | +2.4% |
| MSFTMicrosoft Corp | $13.4M | 1.2% | |
| IBDZIshares Ibonds Dec 2034 Tm Corp | $13.3M | 1.2% | +16.1% |
| VBVanguard Small-cap Etf | $9.2M | 0.8% | −3.4% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corp | June 30, 2020 | +2006.7% | $19.3M |
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $6.0M |
| LLYLilly Eli & Co | June 30, 2020 | +630.6% | $5.3M |
| GOOGLAlphabet Inc Cl A | June 30, 2020 | +404.0% | $18.3M |
| APHAmphenol Corp Cl A | December 31, 2022 | +363.1% | $6.6M |
| JPMJp Morgan Chase & Co | June 30, 2020 | +248.0% | $7.8M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $19.6M |
| QQQInvesco Qqq Trust Series 1 | June 30, 2020 | +197.4% | $105.3M |
| PANWPalo Alto Networks Inc | September 30, 2023 | +190.9% | $5.5M |
| CSCOCisco Systems Inc | June 30, 2020 | +151.8% | $5.3M |
Sold off last quarter
- Honeywell International IncCUSIP 438516106 was $2.3M
- INTUIntuit Inc was $324K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +11.3% | +14.8% |
| March 31, 2026 | −1.5% | −4.6% |
| December 31, 2025 | +3.9% | +2.4% |
| September 30, 2025 | +6.0% | +7.8% |
| June 30, 2025 | +6.9% | +10.5% |
| March 31, 2025 | −3.8% | −4.6% |
| December 31, 2024 | +0.3% | +2.1% |
| September 30, 2024 | +5.6% | +5.4% |
| June 30, 2024 | +1.6% | +4.0% |
| March 31, 2024 | +6.0% | +10.0% |
| December 31, 2023 | +11.7% | +11.2% |
| September 30, 2023 | −3.9% | −3.6% |
| June 30, 2023 | +4.3% | +8.3% |
| March 31, 2023 | +2.8% | +7.0% |
| December 31, 2022 | +8.5% | +7.1% |
| September 30, 2022 | −5.6% | −5.3% |
| June 30, 2022 | −13.9% | −16.5% |
| March 31, 2022 | −6.2% | −4.9% |
| December 31, 2021 | +7.6% | +10.7% |
| September 30, 2021 | −0.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Arrow Financial Corp Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=717538&type=13F-HR&dateb=&owner=include&count=40CIK 717538
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/717538/000071753826000112/Filed July 31, 2026 · accession 0000717538-26-000112