Arrow Financial Corporation
US ˙ NasdaqGS ˙ US0427441029

SecurityAROW / Arrow Financial Corporation
InstitutionCitigroup Inc
Latest Disclosed Ownership3,032 shares
Latest Disclosed Value $ 101,784
Citigroup Inc reports 21.82% increase in ownership of AROW / Arrow Financial Corporation

On May 11, 2026 - Citigroup Inc filed a 13F-HR form disclosing ownership of 3,032 shares of Arrow Financial Corporation (US:AROW) valued at $101,784 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 2,489 shares of Arrow Financial Corporation. This represents a change in shares of 21.82% during the quarter. The current value of the position is $108,485 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-11 2026-03-31 13F ARROW FINL COM 042744102 3,032 543 21.82 102 29.49 0.0000
2026-02-13 2025-12-31 13F ARROW FINL COM 042744102 2,489 1,178 89.86 78 110.81 0.0000
2025-11-10 2025-09-30 13F ARROW FINL COM 042744102 1,311 -5,248 -80.01 37 -78.61 0.0000
2025-08-11 2025-06-30 13F ARROW FINL COM 042744102 6,559 -5,782 -46.85 173 -46.60 0.0001
2025-05-12 2025-03-31 13F ARROW FINL COM 042744102 12,341 -1,215 -8.96 324 -16.71 0.0002
2025-02-12 2024-12-31 13F ARROW FINL COM 042744102 13,556 866 6.82 389 7.16 0.0002
2024-11-12 2024-09-30 13F ARROW FINL COM 042744102 12,690 8,398 195.67 364 227.03 0.0002
2024-08-12 2024-06-30 13F ARROW FINL COM 042744102 4,292 1,057 32.67 112 38.75 0.0001
2024-05-10 2024-03-31 13F ARROW FINL COM 042744102 3,235 785 32.04 81 17.65 0.0001
2024-02-09 2023-12-31 13F ARROW FINL COM 042744102 2,450 2,227 998.65 68 2,166.67 0.0000
2023-12-06 2023-09-30 13F/A-1 ARROW FINL COM 042744102 223 -4,469 -95.25 4 -96.81 0.0000
2023-11-09 2023-09-30 13F ARROW FINL COM 042744102 223 -4,469 4 0.0000
2023-08-10 2023-06-30 13F ARROW FINL COM 042744102 4,692 4,275 1,025.18 94 840.00 0.0001
2023-05-11 2023-03-31 13F ARROW FINL COM 042744102 417 -93 -18.24 10 -41.18 0.0000
2023-02-09 2022-12-31 13F ARROW FINL COM 042744102 510 -116 -18.53 17 -5.56 0.0000
2022-11-10 2022-09-30 13F ARROW FINL COM 042744102 626 -771 -55.19 18 -59.09 0.0000
2022-08-10 2022-06-30 13F ARROW FINL COM 042744102 1,397 202 16.90 44 12.82 0.0000
2022-05-12 2022-03-31 13F ARROW FINL COM 042744102 1,195 -2,575 -68.30 39 -70.68 0.0000
2022-02-10 2021-12-31 13F ARROW FINL COM 042744102 3,770 1,892 100.75 133 104.62 0.0001
2021-11-10 2021-09-30 13F ARROW FINL COM 042744102 1,878 643 52.06 65 47.73 0.0000
2021-08-10 2021-06-30 13F ARROW FINL COM 042744102 1,235 -23 -1.83 44 4.76 0.0000
2021-05-13 2021-03-31 13F ARROW FINL COM 042744102 1,258 -1,620 -56.29 42 -51.16 0.0000
2021-02-11 2020-12-31 13F ARROW FINL COM 042744102 2,878 1,974 218.36 86 273.91 0.0001
2020-11-12 2020-09-30 13F ARROW FINL COM 042744102 904 -3,495 -79.45 23 -82.44 0.0000
2020-08-12 2020-06-30 13F ARROW FINL COM 042744102 4,399 741 20.26 131 28.43 0.0001
2020-05-12 2020-03-31 13F ARROW FINL COM 042744102 3,658 897 32.49 102 -1.92 0.0001
2020-02-12 2019-12-31 13F ARROW FINL COM 042744102 2,761 -1,164 -29.66 104 -20.61 0.0001
2019-11-08 2019-09-30 13F ARROW FINL COM 042744102 3,925 -45 -1.13 131 -5.07 0.0001
2019-08-12 2019-06-30 13F ARROW FINL COM 042744102 3,970 466 13.30 138 20.00 0.0001
2019-05-13 2019-03-31 13F ARROW FINL COM 042744102 3,504 12 0.34 115 2.68 0.0001
2019-02-12 2018-12-31 13F ARROW FINL COM 042744102 3,492 227 6.95 112 -7.44 0.0001
2018-11-13 2018-09-30 13F ARROW FINL COM 042744102 3,265 462 16.48 121 18.63 0.0001
2018-08-10 2018-06-30 13F ARROW FINL COM 042744102 2,803 -591 -17.41 102 -11.30 0.0001
2018-05-11 2018-03-31 13F ARROW FINL COM 042744102 3,394 -1,558 -31.46 115 -31.55 0.0001
2018-02-12 2017-12-31 13F ARROW FINL COM 042744102 4,952 2,015 68.61 168 66.34 0.0001
2017-11-13 2017-09-30 13F ARROW FINL COM 042744102 2,937 -41 -1.38 101 7.45 0.0001
2017-08-11 2017-06-30 13F ARROW FINL COM 042744102 2,978 -2,417 -44.80 94 -48.63 0.0001
2017-05-12 2017-03-31 13F ARROW FINL COM 042744102 5,395 -9,381 -63.49 183 -69.40 0.0002
2017-02-10 2016-12-31 13F ARROW FINL COM 042744102 14,776 12,752 630.04 598 792.54 0.0005
2016-11-10 2016-09-30 13F ARROW FINL COM 042744102 2,024 -710 -25.97 67 -19.28 0.0001
2016-08-12 2016-06-30 13F ARROW FINL COM 042744102 2,734 -7,656 -73.69 83 -69.93 0.0001
2016-05-13 2016-03-31 13F ARROW FINL COM 042744102 10,390 4,983 92.16 276 87.76 0.0003
2016-02-12 2015-12-31 13F ARROW FINL COM 042744102 5,407 5,343 8,348.44 147 7,250.00 0.0001
2015-11-13 2015-09-30 13F ARROW FINL COM 042744102 64 -1,743 -96.46 2 -95.92 0.0000
2015-08-13 2015-06-30 13F ARROW FINL COM 042744102 1,807 -2,340 -56.43 49 -56.64 0.0000
2015-05-14 2015-03-31 13F ARROW FINL COM 042744102 4,147 -3,096 -42.74 113 -43.22 0.0001
2015-02-17 2014-12-31 13F ARROW FINL COM 042744102 7,243 4,612 175.29 199 201.52 0.0002
2014-11-14 2014-09-30 13F ARROW FINL COM 042744102 2,631 1,249 90.38 66 88.57 0.0001
2014-08-14 2014-06-30 13F ARROW FINL COM 042744102 1,382 -3,923 -73.95 35 -75.00 0.0000
2014-05-15 2014-03-31 13F ARROW FINL COM 042744102 5,305 -1,851 -25.87 140 -26.32 0.0001
2014-02-14 2013-12-31 13F ARROW FINL COM 042744102 7,156 3,888 118.97 190 128.92 0.0002
2013-11-14 2013-09-30 13F ARROW FINL COM 042744102 3,268 -2,555 -43.88 83 -42.36 0.0001
2013-08-14 2013-06-30 13F ARROW FINL COM 042744102 5,823 5,823 144 0.0001
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.