SEC Filing Summary: Arrow Financial Corp (Form 13F)
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Arrow Financial Corp. The reporting period covers holdings as of March 31, 2026. The document discloses the company's equity and ETF positions held for the quarter, categorized by discretionary (DFND) and other (OTR) voting authority.
Key Financial Metrics and Portfolio Composition
The filing details a diversified portfolio consisting of individual equities and exchange-traded funds (ETFs). Key observations include:
- Top Equity Holdings by Value:
- Arrow Financial Corp: $63,072,625 (1,878,839 shares)
- Invesco QQQ Trust Series 1: $80,184,732 (138,925 shares)
- Apple Inc: $16,169,468 (63,712 shares)
- Nvidia Corp: $16,329,246 (93,631 shares)
- Alphabet Inc (Class A): $13,934,870 (48,459 shares)
- Significant ETF Exposure: The portfolio holds substantial positions in broad market and sector ETFs, including Vanguard S&P 500 ETF ($119,618,580), Ishares Core S&P Mid-Cap ETF ($62,111,203), and Ishares Core S&P Small-Cap ETF ($47,075,505).
- Fixed Income/Debt Exposure: Significant holdings in bond ETFs, such as Ishares Ibonds 2026 Term High Yield ($30,269,952) and various term corporate bond ETFs maturing between 2026 and 2035.
Material Changes and Voting Authority
The filing does not provide comparative data for the prior quarter; therefore, material changes in position size or value cannot be calculated from this document alone. The voting authority is split between:
- Discretionary (DFND): The majority of holdings are managed with sole discretionary authority.
- Other (OTR): A portion of holdings is listed under "Other" authority, often representing shared or non-discretionary accounts.
Guidance, Outlook, and Risks
Guidance and Outlook: This filing is a statutory disclosure of holdings and contains no management commentary, financial guidance, or forward-looking statements regarding the company's future performance.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy or completeness. No specific litigation, contingencies, or risk factors are disclosed within the text of this table.
Investor Verification Checklist
- Verify the total aggregate value of the portfolio by summing the "Value" column to assess total assets under management.
- Confirm the concentration risk associated with the large position in Arrow Financial Corp itself ($63M) relative to the total portfolio.
- Review the maturity dates of the significant bond ETF holdings (e.g., 2026-2035 terms) to assess interest rate sensitivity.
- Compare the "Discretionary" vs. "Other" share counts to understand the proportion of assets managed directly by the firm versus those held in other capacities.
- Note that the filing date (March 31, 2026) is in the future relative to the current real-time date; verify if this is a hypothetical scenario or a data entry error in the source metadata.