$AROW

$38.44 -$0.14 (0.36%) Close

$AROW Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 18.5M shares outstanding

Who owns AROW?

By type of holder

Institutions 57.6% Insiders 3.4% Everyone else 39.0%

Concentration Top 10 holders own 39.5%

Arrow Financial Corp 10.0% · BlackRock, Inc. 7.6%

Institutional ownership

57.6%

+8.4 pts vs last qtr

Institutional holders

146

+7 vs last qtr

Net shares bought

+1.6M

by institutions in Q2 2026

New / sold out

25 / 18

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Rhino Investment Partners, Inc NEW +847.6K
State Street Corp +151.9K

Biggest sellers in Q2 2026

Marshall Wace, LLP SOLD OUT −109.4K
Millennium Management LLC SOLD OUT −49.8K

Who is planning to sell?

No insider has filed a notice of proposed sale (Form 144) for Arrow Financial Corp in the last 12 months.

Is your stake being diluted?

Diluted share count, FY2016–FY2025

+15.4%

+1.61% a year

Each share's claim on the business

−13.4%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

$37.7M vs $4.04M

over 10 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years70% 3–5 years3% 1–3 years13% Under 1 year14%

Quarterly turnover

13.5%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting AROW on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
AF Arrow Financial Corp	1.9M	10.04%	−18.9K (−1.0%)	≤2021	6.8%
Shares held by quarter Peak holding2.0M (Q3'24) Change over 8 quarters−109.8K Share of the company10.040% Arrow Financial Corp's full portfolio →
B BlackRock, Inc.	1.4M	7.56%	+148.5K (+11.9%)	≤2021	0.0%
Shares held by quarter Peak holding1.4M (Q2'26) Change over 8 quarters+51.2K Share of the company7.560% BlackRock, Inc.'s full portfolio →

Arrow Financial Corp

1.9M

% of company

10.04%

Change vs last qtr

−18.9K (−1.0%)

Held since

≤2021

BlackRock, Inc.

1.4M

% of company

7.56%

Change vs last qtr

+148.5K (+11.9%)

Held since

≤2021

28 more super investors behind a free account

See every manager holding Arrow Financial Corp, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting AROW on Form N-PORT; together they hold 21.1% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
IR iShares Russell 2000 ETF iShares Trust	$19.1M	466.4K	2.52%	0.02%	June 30, 2026
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$18.2M	445.0K	2.40%	0.00%	June 30, 2026

iShares Russell 2000 ETF

iShares Trust

Position value

$19.1M

% of company

2.52%

% of the fund

0.02%

As of

June 30, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$18.2M

% of company

2.40%

% of the fund

0.00%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Arrow Financial Corp and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
DD DeMarco David S. Insider	112.0K	0.60%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.600% DeMarco David S.'s insider activity →
DG Dake Gary C Insider	73.5K	0.40%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.400% Dake Gary C's insider activity →

DeMarco David S.

Insider

112.0K

% of company

0.60%

Change vs last qtr

—

Held since

—

Dake Gary C

Insider

73.5K

% of company

0.40%

Change vs last qtr

—

Held since

—

19 more holders behind a free account

See every insider and 5%+ holder of Arrow Financial Corp.

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