ARROW FINANCIAL CORP (AROW) — Institutional Holders, Q2 2026
147 institutional investment managers reported a AROW position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $429.1M. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
AROW in Q2 2026: what funds did
Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- rhino investment partnersNew · +847,563 sh+$34.7M
- STATE STREETAdded · +151,943 sh+$6.2M
- BlackRockAdded · +148,528 sh+$6.1M
- ACADIAN ASSET MANAGEMENTAdded · +92,609 sh+$3.8M
- AMERICAN CENTURY COMPANIESAdded · +89,734 sh+$3.7M
Biggest sellers
- MARSHALL WACE, LLPSold out · -109,416 sh-$4.5M
- MILLENNIUM MANAGEMENTSold out · -49,794 sh-$2.0M
- RENAISSANCE TECHNOLOGIESTrimmed · -43,563 sh-$1.8M
- Qube Research & Technologies LtdSold out · -37,039 sh-$1.5M
- UBS Group AGTrimmed · -30,960 sh-$1.3M
AROW 13F holders ranked 1–100 of 147
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | ARROW FINANCIAL#1 · 1,859,963 sh | 1,859,963 | $76.2M | — | -1.0% |
| 2 | BlackRock#2 · 1,399,785 sh | 1,399,785 | $57.4M | <0.01% | +11.9% |
| 3 | DIMENSIONAL FUND ADVISORS#3 · 725,492 sh | 725,492 | $29.7M | <0.01% | -0.7% |
| 4 | rhino investment partners#4 · 847,563 sh | 847,563 | $26.1M | 7.89% | New |
| 5 | VANGUARD CAPITAL MANAGEMENT#5 · 623,719 sh | 623,719 | $25.6M | <0.01% | -2.2% |
| 6 | STATE STREET#6 · 490,098 sh | 490,098 | $20.1M | <0.01% | +44.9% |
| 7 | AMERICAN CENTURY COMPANIES#7 · 432,990 sh | 432,990 | $17.7M | <0.01% | +26.1% |
| 8 | GEODE CAPITAL MANAGEMENT#8 · 409,589 sh | 409,589 | $16.8M | <0.01% | +10.5% |
| 9 | ACADIAN ASSET MANAGEMENT#9 · 345,161 sh | 345,161 | $14.1M | 0.02% | +36.7% |
| 10 | MORGAN STANLEY#10 · 224,482 sh | 224,482 | $9.2M | <0.01% | +26.2% |
| 11 | HOTCHKIS & WILEY CAPITAL MANAGEMENT#11 · 189,939 sh | 189,939 | $7.8M | 0.02% | +2.0% |
| 12 | RENAISSANCE TECHNOLOGIES#12 · 186,721 sh | 186,721 | $7.7M | 0.01% | -18.9% |
| 13 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP#13 · 149,239 sh | 149,239 | $6.1M | <0.01% | +30.4% |
| 14 | TWO SIGMA INVESTMENTS#14 · 144,861 sh | 144,861 | $5.9M | <0.01% | +67.4% |
| 15 | NORTHERN#15 · 141,937 sh | 141,937 | $5.8M | <0.01% | +6.3% |
| 16 | VANGUARD PORTFOLIO MANAGEMENT#16 · 136,862 sh | 136,862 | $5.6M | <0.01% | +12.6% |
| 17 | CHARLES SCHWAB INVESTMENT MANAGEMENT#17 · 125,799 sh | 125,799 | $5.2M | <0.01% | +2.9% |
| 18 | Connor, Clark & Lunn Investment Management Ltd.#18 · 121,870 sh | 121,870 | $5.0M | <0.01% | +18.0% |
| 19 | Rockefeller Capital Management L.P.#19 · 120,712 sh | 120,712 | $4.9M | <0.01% | +0.3% |
| 20 | AQR CAPITAL MANAGEMENT#20 · 116,804 sh | 116,804 | $4.8M | <0.01% | +20.4% |
| 21 | GOLDMAN SACHS GROUP#21 · 99,248 sh | 99,248 | $4.1M | <0.01% | +4.0% |
| 22 | VANGUARD FIDUCIARY#22 · 96,076 sh | 96,076 | $3.9M | <0.01% | +4.5% |
| 23 | Bank of New York Mellon#23 · 89,370 sh | 89,370 | $3.7M | <0.01% | +5.4% |
| 24 | VOYA INVESTMENT MANAGEMENT#24 · 82,267 sh | 82,267 | $3.4M | <0.01% | -9.2% |
| 25 | MARTINGALE ASSET MANAGEMENT L P#25 · 75,510 sh | 75,510 | $3.1M | 0.07% | +4.4% |
| 26 | FMR#26 · 65,192 sh | 65,192 | $2.7M | <0.01% | +259.5% |
| 27 | SEGALL BRYANT & HAMILL#27 · 64,794 sh | 64,794 | $2.7M | 0.03% | -6.2% |
| 28 | JOHNSON INVESTMENT COUNSEL#28 · 62,192 sh | 62,192 | $2.5M | 0.02% | 0.0% |
| 29 | CITADEL ADVISORS#29 · 59,188 sh | 59,188 | $2.4M | <0.01% | +210.9% |
| 30 | PRICE T ROWE ASSOCIATES#30 · 55,668 sh | 55,668 | $2.3M | <0.01% | +16.0% |
| 31 | OF VERMONT#31 · 54,365 sh | 54,365 | $2.2M | — | — |
| 32 | LOS ANGELES CAPITAL MANAGEMENT#32 · 52,908 sh | 52,908 | $2.2M | <0.01% | +28.8% |
| 33 | Nuveen#33 · 50,718 sh | 50,718 | $2.1M | <0.01% | +3.2% |
| 34 | Quantinno Capital Management#34 · 41,833 sh | 41,833 | $1.7M | <0.01% | +35.0% |
| 35 | HighTower Advisors#35 · 35,260 sh | 35,260 | $1.4M | <0.01% | -0.7% |
| 36 | BANK OF AMERICA#36 · 31,929 sh | 31,929 | $1.3M | <0.01% | -2.3% |
| 37 | Integrated Quantitative Investments#37 · 31,124 sh | 31,124 | $1.3M | 0.21% | +29.8% |
| 38 | LAZARD ASSET MANAGEMENT#38 · 30,157 sh | 30,157 | $1.2M | <0.01% | +1.8% |
| 39 | AMERIPRISE FINANCIAL#39 · 28,217 sh | 28,217 | $1.2M | <0.01% | +88.7% |
| 40 | SummerHaven Investment Management#40 · 27,574 sh | 27,574 | $1.1M | — | 0.0% |
| 41 | Forty-three Eighteen Advisors#41 · 26,826 sh | 26,826 | $1.1M | 0.74% | New |
| 42 | Gallagher Fiduciary Advisors#42 · 25,106 sh | 25,106 | $1.0M | 0.03% | -2.3% |
| 43 | Atria Investments#43 · 24,999 sh | 24,999 | $1.0M | — | -2.4% |
| 44 | CITIZENS FINANCIAL GROUP#44 · 24,471 sh | 24,471 | $1.0M | — | +120.3% |
| 45 | Private Advisor Group#45 · 24,396 sh | 24,396 | $1000.0K | <0.01% | 0.0% |
| 46 | Creative Planning#46 · 22,103 sh | 22,103 | $906.0K | <0.01% | +46.9% |
| 47 | COMMONWEALTH EQUITY SERVICES#47 · 20,924 sh | 20,924 | $857.7K | <0.01% | -7.0% |
| 48 | RHUMBLINE ADVISERS#48 · 20,853 sh | 20,853 | $854.8K | <0.01% | -1.2% |
| 49 | US BANCORP \DE\#49 · 20,067 sh | 20,067 | $822.5K | <0.01% | 0.0% |
| 50 | Legato Capital Management#50 · 19,976 sh | 19,976 | $818.8K | 0.07% | +6.7% |
| 51 | Invesco Ltd.#51 · 18,838 sh | 18,838 | $772.2K | <0.01% | -17.0% |
| 52 | ALLIANCEBERNSTEIN L.P.#52 · 22,083 sh | 22,083 | $741.3K | <0.01% | +41.2% |
| 53 | SUSQUEHANNA FUNDAMENTAL INVESTMENTS#53 · 16,986 sh | 16,986 | $696.3K | 0.01% | +2.9% |
| 54 | Midwest#54 · 16,854 sh | 16,854 | $690.8K | — | -10.6% |
| 55 | XTX Topco Ltd#55 · 16,566 sh | 16,566 | $679.0K | <0.01% | New |
| 56 | DEUTSCHE BANK AG\#56 · 16,031 sh | 16,031 | $657.1K | <0.01% | +29.5% |
| 57 | STATE OF WISCONSIN INVESTMENT BOARD#57 · 15,799 sh | 15,799 | $647.6K | <0.01% | +1.9% |
| 58 | ALPS ADVISORS#58 · 15,446 sh | 15,446 | $633.1K | <0.01% | +1.3% |
| 59 | CITIGROUP#59 · 14,620 sh | 14,620 | $599.3K | <0.01% | +382.2% |
| 60 | EDMP#60 · 14,237 sh | 14,237 | $583.6K | — | 0.0% |
| 61 | WELLS FARGO & COMPANY#61 · 14,045 sh | 14,045 | $575.7K | <0.01% | +60.3% |
| 62 | THRIVENT FINANCIAL FOR LUTHERANS#62 · 13,825 sh | 13,825 | $567.0K | <0.01% | +63.4% |
| 63 | UBS Group AG#63 · 13,149 sh | 13,149 | $539.0K | <0.01% | -70.2% |
| 64 | SEI INVESTMENTS#64 · 12,328 sh | 12,328 | $505.3K | <0.01% | -34.1% |
| 65 | Janney Montgomery Scott#65 · 12,209 sh | 12,209 | $500.0K | <0.01% | +17.9% |
| 66 | PRUDENTIAL FINANCIAL#66 · 10,766 sh | 10,766 | $441.3K | <0.01% | New |
| 67 | FRANKLIN RESOURCES#67 · 10,764 sh | 10,764 | $441.2K | <0.01% | -48.4% |
| 68 | IEQ CAPITAL#68 · 10,604 sh | 10,604 | $434.7K | <0.01% | +2.0% |
| 69 | LSV ASSET MANAGEMENT#69 · 10,600 sh | 10,600 | $434.0K | <0.01% | 0.0% |
| 70 | Washington Advisors#70 · 10,310 sh | 10,310 | $422.6K | — | 0.0% |
| 71 | MetLife Investment Management#71 · 9,861 sh | 9,861 | $404.2K | <0.01% | 0.0% |
| 72 | Sequoia Financial Advisors#72 · 9,798 sh | 9,798 | $401.6K | <0.01% | New |
| 73 | Mariner#73 · 9,596 sh | 9,596 | $393.4K | <0.01% | +9.6% |
| 74 | RAYMOND JAMES FINANCIAL#74 · 9,141 sh | 9,141 | $374.7K | <0.01% | +13.4% |
| 75 | STIFEL FINANCIAL#75 · 8,991 sh | 8,991 | $368.5K | <0.01% | New |
| 76 | Russell Investments Group, Ltd.#76 · 8,702 sh | 8,702 | $356.7K | <0.01% | +507.7% |
| 77 | DELPHI MANAGEMENT#77 · 8,555 sh | 8,555 | $351.0K | 0.34% | -0.4% |
| 78 | Odyssean#78 · 8,542 sh | 8,542 | $350.1K | 0.06% | 0.0% |
| 79 | IFG Advisory#79 · 7,937 sh | 7,937 | $325.3K | 0.01% | New |
| 80 | JPMORGAN CHASE#80 · 7,769 sh | 7,769 | $319.5K | 0.00% | +11.4% |
| 81 | MIRAE ASSET GLOBAL ETFS Ltd.#81 · 7,571 sh | 7,571 | $310.3K | <0.01% | -2.5% |
| 82 | BARCLAYS PLC#82 · 7,489 sh | 7,489 | $307.0K | <0.01% | +120.0% |
| 83 | Rafferty Asset Management#83 · 7,253 sh | 7,253 | $297.3K | <0.01% | New |
| 84 | NEW YORK STATE COMMON RETIREMENT FUND#84 · 6,651 sh | 6,651 | $272.6K | <0.01% | 0.0% |
| 85 | MERCER GLOBAL ADVISORS#85 · 6,588 sh | 6,588 | $270.0K | <0.01% | New |
| 86 | StoneX Group#86 · 6,739 sh | 6,739 | $256.8K | 0.01% | New |
| 87 | PARR MCKNIGHT WEALTH MANAGEMENT GROUP#87 · 6,000 sh | 6,000 | $245.9K | 0.03% | -25.0% |
| 88 | SG Americas Securities#88 · 5,889 sh | 5,889 | $241.0K | <0.01% | New |
| 89 | FIRST ADVISORS#89 · 5,826 sh | 5,826 | $238.8K | <0.01% | New |
| 90 | King Wealth Management Group#90 · 5,718 sh | 5,718 | $234.0K | 0.03% | New |
| 91 | Squarepoint Ops#91 · 5,664 sh | 5,664 | $232.2K | <0.01% | -67.3% |
| 92 | Integrated Wealth Concepts#92 · 5,610 sh | 5,610 | $230.0K | <0.01% | New |
| 93 | INTECH INVESTMENT MANAGEMENT#93 · 5,452 sh | 5,452 | $223.5K | <0.01% | -10.5% |
| 94 | LPL Financial#94 · 5,302 sh | 5,302 | $217.3K | 0.00% | -31.9% |
| 95 | Aptus Capital Advisors#95 · 5,226 sh | 5,226 | $214.2K | <0.01% | New |
| 96 | One Day In July#96 · 5,161 sh | 5,161 | $211.5K | 0.01% | New |
| 97 | Vanguard Global Advisers#97 · 5,136 sh | 5,136 | $210.5K | <0.01% | 0.0% |
| 98 | Aquatic Capital Management#98 · 5,025 sh | 5,025 | $206.0K | <0.01% | New |
| 99 | BNP PARIBAS FINANCIAL MARKETS#99 · 4,957 sh | 4,957 | $203.2K | <0.01% | +17.0% |
| 100 | MANUFACTURERS LIFE INSURANCE COMPANY, THE#100 · 4,920 sh | 4,920 | $201.7K | <0.01% | New |
Funds that sold out of AROW in Q2 2026 (15)
Held AROW at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q1 2026 |
|---|---|---|
| MARSHALL WACE, LLP109,416 sh | 109,416 | $3.7M |
| MILLENNIUM MANAGEMENT49,794 sh | 49,794 | $1.7M |
| Qube Research & Technologies Ltd37,039 sh | 37,039 | $1.2M |
| JANE STREET GROUP21,088 sh | 21,088 | $707.9K |
| Hillsdale Investment Management9,960 sh | 9,960 | $334.4K |
| OCCUDO QUANTITATIVE STRATEGIES7,649 sh | 7,649 | $281.9K |
| Angel Oak Capital Advisors8,000 sh | 8,000 | $268.6K |
| Corient Private Wealth6,744 sh | 6,744 | $226.4K |
| JACOBS LEVY EQUITY MANAGEMENT6,714 sh | 6,714 | $225.4K |
| QUADRANT CAPITAL GROUP314 sh | 314 | $54.2K |
| Advisory Services Network242 sh | 242 | $8.1K |
| MAI Capital Management184 sh | 184 | $6.2K |
| Root Financial Partners24 sh | 24 | $806.00 |
| SIMPLEX TRADING9 sh | 9 | $302.00 |
| City State Bank9 sh | 9 | $302.00 |
Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.