Arrow Financial (AROW) 13F shows $949.7M across 286 holdings

Rhea-AI Filing Summary

Arrow Financial Corp filed a Form 13F holdings report signed by Chief Financial Officer Penko Ivanov on 08-08-2025. The report lists 286 holdings entries with an aggregate value of $949,676,486. The filing names one other included manager: Arrow Bank National Association.

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL

OMB Number:			3235-0006
Estimated average burden
hours per response:			23.8

Report for the Calendar Year or Quarter Ended: 06-30-2025

Check here if Amendment		Amendment Number:
This Amendment (Check only one.):		is a restatement.
		adds new holdings entries.

Institutional Investment Manager Filing this Report:
Name:	Arrow Financial Corp
Address:	250 GLEN STREET
	Glens Falls, NY 12801
Form 13F File Number:	028-12533
CRD Number (if applicable):
SEC File Number (if applicable):

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name:		Penko Ivanov
Title:		Chief Financial Officer
Phone:		518-415-4512
Signature, Place, and Date of Signing:
/s/ Penko Ivanov			Glens Falls, NY	08-08-2025
[Signature]			[City, State]	[Date]

Report Type (Check only one.):
X	13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
	13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
	13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

Form 13F Summary Page
	Report Summary:
	Number of Other Included Managers:		1
	Form 13F Information Table Entry Total:		286
	Form 13F Information Table Value Total:		949,676,486
			(round to nearest dollar)

List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]
	No.	Name	Form 13F File No.	CRD No. (if applicable)	SEC File No. (if applicable)	CIK
	2	ARROW BANK NATIONAL ASSOCIATION				0000902882

FAQ

What does Arrow Financial Corp's (AROW) Form 13F report show?

It reports the manager's institutional holdings as of the reporting quarter, listing 286 positions with a total market value of $949,676,486. The filing is signed by CFO Penko Ivanov on 08-08-2025 and includes one other manager.

Who filed the 13F for AROW and when was it signed?

The 13F was filed by institutional manager Arrow Financial Corp and signed by CFO Penko Ivanov. The signature block shows the filing was signed in Glens Falls, NY on 08-08-2025 as indicated in the report.

How many holdings and what total value are reported in AROW's 13F?

The summary page lists 286 Form 13F information table entries and a combined market value of $949,676,486, rounded to the nearest dollar, as presented on the filing's Form 13F summary page.

Does the filing list other included managers for AROW (AROW)?

Yes; the filing shows 1 other included manager named Arrow Bank National Association. The report includes a numbered list for other included managers on the Form 13F summary page.

Is the SEC endorsing the accuracy of Arrow Financial Corp's 13F filing?

No; the cover statement explicitly notes the SEC has not necessarily reviewed or determined the accuracy or completeness of the filing. The filing's introductory language advises readers not to assume SEC verification.