Arrow Financial Corp (AROW) Institutional Ownership

Institutions by Trading Activity

16,406,000Shares Outstanding

9,597,237Shares held by institutions

$327,553,699Value of institutional holdings

58.50%Institutional ownership %

12.76%Shares Changed QoQ

132No. of institutional investors

Arrow Financial Corp (NASDAQ:AROW) has 132 institutional investors with active 13F positions as of December 2025.

Collectively, these holders controlled 57.4% of Arrow Financial's outstanding shares in December 2025, up from 51.8% in September 2025.
Their total shares held in AROW increased 11.18% from the prior quarter, while the number of investors in Arrow Financial increased 23.36% year over year.
Activity in AROW broke down as 64 buyers, 38 sellers, and 30 unchanged among 132 total holders.
Altogether, these fund groups held 9.41Mn shares in AROW by December 2025, up by 946.91K shares quarter on quarter, and up 163.34K shares year over year.
ADIRONDACK TRUST CO leads ownership in AROW with 2.46K shares as of December 31, 2025, equal to 0.01% of outstanding shares.
Per Business Quant, the top 1 investors in AROW for the quarter ending December 2025 include ADIRONDACK TRUST CO (2.46K).

9,597,237 Total Shares Held

Rows:

Owner Name	Date	Shares Held	Change (QoQ)	Change (%)	Value (USD)
Arrow Financial Corp	31 Dec, 2025	1,871,735	14,403	0.78%	$58,772,479.00
BlackRock, Inc.	31 Dec, 2025	1,251,086	-16,184	-1.28%	$39,284,113.00
VANGUARD GROUP INC	31 Dec, 2025	876,807	-12,427	-1.40%	$27,531,739.00
Rhino Investment Partners, Inc	31 Dec, 2025	789,305	561,501	246.48%	$20,332,497.00
DIMENSIONAL FUND ADVISORS LP	31 Dec, 2025	728,534	-11,919	-1.61%	$22,876,087.00
State Street Corp	31 Dec, 2025	369,085	-7,831	-2.08%	$11,589,269.00
GEODE CAPITAL MANAGEMENT, LLC	31 Dec, 2025	363,724	-7,455	-2.01%	$11,423,494.00
AMERICAN CENTURY COMPANIES INC	31 Dec, 2025	322,964	-1,030	-0.32%	$10,141,070.00
RENAISSANCE TECHNOLOGIES LLC	31 Dec, 2025	252,205	2,917	1.17%	$7,919,237.00
Rockefeller Capital Management L.P.	31 Dec, 2025	239,684	120,353	100.86%	$7,526,126.00
Morgan Stanley	31 Dec, 2025	187,897	-11,499	-5.77%	$5,900,034.00
ACADIAN ASSET MANAGEMENT LLC	31 Dec, 2025	143,019	82,066	134.64%	$4,487.00
Goldman Sachs Group Inc	31 Dec, 2025	128,158	55,433	76.22%	$4,024,174.00
Northern Trust Corp	31 Dec, 2025	128,012	-7,495	-5.53%	$4,019,576.00
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	31 Dec, 2025	127,525	-2,050	-1.58%	$4,004,285.00
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	31 Dec, 2025	116,889	4,200	3.73%	$3,670,315.00
VOYA INVESTMENT MANAGEMENT LLC	31 Dec, 2025	101,905	-20,272	-16.59%	$3,199,817.00
Bank of New York Mellon Corp	31 Dec, 2025	86,676	-1,986	-2.24%	$2,721,632.00
TWO SIGMA INVESTMENTS, LP	31 Dec, 2025	80,374	18,888	30.72%	$2,523,744.00
Connor, Clark & Lunn Investment Management Ltd.	31 Dec, 2025	74,328	-3,400	-4.37%	$2,333,899.00

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