Arrow Financial Ownership | Who Owns Arrow Financial?

Arrow Financial Ownership Summary

Arrow Financial is owned by 18.35% institutional investors, 2.76% insiders, and 78.90% retail investors. Arrow financial is the largest institutional shareholder, holding 11.42% of AROW shares. Vanguard Total Stock Mkt Idx Inv is the top mutual fund, with 2.94% of its assets in Arrow Financial shares.

AROW Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Arrow Financial	18.35%	2.76%	78.90%
Sector	Financial Services Stocks	32.19%	15.44%	52.37%
Industry	Regional Banks Stocks	31.54%	12.70%	55.76%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Arrow financial	1.87M	11.42%	$58.77M
Blackrock	1.29M	7.66%	$33.67M
Blackrock funding, inc. /de	1.25M	7.63%	$39.28M
Vanguard group	876.81K	5.31%	$27.53M
Dimensional fund advisors lp	728.53K	4.41%	$22.88M
State street	376.92K	2.28%	$10.67M
Geode capital management	363.72K	2.22%	$11.42M
American century companies	323.99K	1.96%	$9.17M
Renaissance	252.21K	1.53%	$7.92M
Rhino investment partners	227.80K	1.38%	$6.45M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Arrow financial	1.87M	5.86%	$58.77M
Rhino investment partners	227.80K	2.03%	$6.45M
Summerhaven investment management	30.77K	0.55%	$966.08K
Angel oak capital advisors	11.00K	0.50%	$345.40K
Edmp	14.24K	0.37%	$447.04K
Integrated quantitative investments	20.33K	0.14%	$638.33K
Clarivest asset management	37.25K	0.10%	$970.28K
Trust co of vermont	56.37K	0.07%	$1.77M
Parr mcknight wealth management group	11.00K	0.05%	$345.40K
Legato capital management	15.08K	0.04%	$473.57K

Top Buyers

Holder	Shares	% Assets	Change
Blackrock	1.29M	0.00%	92.36K
Acadian asset management	143.02K	0.01%	82.07K
Rhino investment partners	227.80K	2.03%	27.86K
Integrated quantitative investments	20.33K	0.14%	20.33K
Us bancorp \de\	20.45K	0.00%	19.95K

Top Sellers

Holder	Shares	% Assets	Change
First trust advisors lp	9.11K	0.00%	-47.87K
Squarepoint ops	-	-	-26.20K
M&t bank	-	-	-24.46K
Empowered funds	-	-	-23.16K
Bridgeway capital management	-	-	-23.16K

New Positions

Holder	Shares	% Assets	Change	Value
Integrated quantitative investments	20.33K	0.14%	20.33K	$638.33K
Lpl financial	19.52K	0.00%	19.52K	$613.02K
Legato capital management	15.08K	0.04%	15.08K	$473.57K
Edmp	14.24K	0.37%	14.24K	$447.04K
Ieq capital	9.36K	0.00%	9.36K	$293.84K

Sold Out

Holder	Change
Aquatic capital management	-2.00
Nelson, van denburg & campbell wealth management group	-2.00
Stephens consulting	-15.00
Capital performance advisors llp	-27.00
Halbert hargrove global advisors	-40.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Dec 31, 2025	36	-68.70%	3,027,969	-64.27%	18	0.70%	15	-74.14%	9	-68.97%
Sep 30, 2025	48	-50.52%	3,464,493	-57.75%	20	0.85%	20	-62.26%	9	-59.09%
Jun 30, 2025	103	-6.36%	8,502,245	-1.03%	51	1.93%	57	23.91%	23	-39.47%
Mar 31, 2025	110	0.92%	8,590,877	0.58%	51	1.97%	47	-11.32%	37	37.04%
Dec 31, 2024	108	4.85%	8,530,657	2.57%	51	2.06%	52	6.12%	27	-3.57%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
Vanguard Total Stock Mkt Idx Inv	484.69K	2.94%	-8.43K
Vanguard US Total Market Shares ETF	447.01K	2.67%	-
iShares Russell 2000 ETF	431.69K	2.62%	-
Avantis US Small Cap Value ETF	269.46K	1.64%	-
Fidelity Small Cap Index	168.66K	1.02%	-1.30K
Vanguard Institutional Extnd Mkt Idx Tr	160.47K	0.97%	-67.10K
iShares Russell 2000 Value ETF	140.65K	0.85%	-
DFA US Micro Cap I	130.30K	0.79%	-4.04K
DFA US Targeted Value I	115.76K	0.70%	-
State St Russell Sm/Mid Cp® Indx NL Cl C	100.65K	0.60%	395.00

Recent Insider Transactions

Date	Name	Role	Activity	Value
Dec 24, 2025	DeMarco David S.	President & CEO	Buy	$96.45K
Nov 10, 2025	White Daniel James	-	Buy	$49.55K
Nov 04, 2025	Ivanov Penko Krassimir	SEVP, Treasurer and CFO	Buy	$48.22K
Nov 04, 2025	Ivanov Penko Krassimir	SEVP, Treasurer and CFO	Buy	$89.01
Aug 08, 2025	Duffy Kristine D	-	Buy	$5.57K

Insider Transactions Trends

Date	Buy	Sell
2026 Q1	-	-
2025 Q4	4	-
2025 Q3	6	-
2025 Q2	-	2
2025 Q1	1	3

AROW Ownership FAQ

Who Owns Arrow Financial?

Arrow Financial shareholders are primarily institutional investors at 18.35%, followed by 2.76% insiders and 78.89% retail investors. The average institutional ownership in Arrow Financial's industry, Regional Banks Stocks, is 31.54%, which Arrow Financial falls below.

Who owns the most shares of Arrow Financial?

Arrow Financial’s largest shareholders are Arrow financial (1.87M shares, 11.42%), Blackrock (1.29M shares, 7.66%), and Blackrock funding, inc. /de (1.25M shares, 7.63%). Together, they hold 26.72% of Arrow Financial’s total shares outstanding.

Does Blackrock own Arrow Financial?

Yes, BlackRock owns 7.66% of Arrow Financial, totaling 1.29M shares as of Jun 2024. This represents 0.00% of BlackRock's total assets, with a market value of 33.67M$. In the last quarter, BlackRock increased its holdings by 92.36K shares, a 7.70% change.

Who is Arrow Financial’s biggest shareholder by percentage of total assets invested?

Arrow financial is Arrow Financial’s biggest shareholder by percentage of total assets invested, with 5.86% of its assets in 1.87M Arrow Financial shares, valued at 58.77M$.

Who is the top mutual fund holder of Arrow Financial shares?

Vanguard Total Stock Mkt Idx Inv is the top mutual fund holder of Arrow Financial shares, with 2.94% of its total shares outstanding invested in 484.69K Arrow Financial shares.

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