Arrow Financial Corporation
US ˙ NasdaqGS ˙ US0427441029

SecurityAROW / Arrow Financial Corporation
InstitutionDimensional Fund Advisors Lp
Latest Disclosed Ownership730,471 shares
Latest Disclosed Value $ 24,521,934
Dimensional Fund Advisors Lp reports 0.27% increase in ownership of AROW / Arrow Financial Corporation

On May 7, 2026 - Dimensional Fund Advisors Lp filed a 13F-HR form disclosing ownership of 730,471 shares of Arrow Financial Corporation (US:AROW) valued at $24,521,911 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 728,534 shares of Arrow Financial Corporation. This represents a change in shares of 0.27% during the quarter. The current value of the position is $26,136,252 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)
2026-05-07 2026-03-31 13F ARROW FINL COM 042744102 730,471 1,937 0.27 24,522 7.19 0.0011
2026-02-12 2025-12-31 13F ARROW FINL COM 042744102 728,534 -11,919 -1.61 22,876 9.17 0.0048
2025-11-12 2025-09-30 13F ARROW FINL COM 042744102 740,453 -6,128 -0.82 20,955 6.23 0.0045
2025-08-12 2025-06-30 13F ARROW FINL COM 042744102 746,581 3,211 0.43 19,725 0.93 0.0046
2025-05-13 2025-03-31 13F ARROW FINL COM 042744102 743,370 6,801 0.92 19,543 -7.58 0.0049
2025-02-13 2024-12-31 13F ARROW FINL COM 042744102 736,569 12,798 1.77 21,147 1.95 0.0051
2024-11-07 2024-09-30 13F ARROW FINL COM 042744102 723,771 23,518 3.36 20,743 13.71 0.0050
2024-08-09 2024-06-30 13F ARROW FINL COM 042744102 700,253 31,268 4.67 18,241 8.98 0.0048
2024-05-10 2024-03-31 13F ARROW FINL COM 042744102 668,985 35,108 5.54 16,738 -5.49 0.0045
2024-02-07 2023-12-31 13F ARROW FINL COM 042744102 633,877 -9,922 -1.54 17,711 61.64 0.0052
2023-11-09 2023-09-30 13F ARROW FINL COM 042744102 643,799 -49,882 -7.19 10,958 -21.57 0.0036
2023-08-09 2023-06-30 13F ARROW FINL COM 042744102 693,681 -35,705 -4.90 13,971 -23.10 0.0045
2023-05-12 2023-03-31 13F ARROW FINL COM 042744102 729,386 18,944 2.67 18,169 75,600.00 0.0061
2023-02-09 2022-12-31 13F ARROW FINL COM 042744102 710,442 3,094 0.44 24 -99.88 0.0071
2022-11-10 2022-09-30 13F ARROW FINL COM 042744102 707,348 29,610 4.37 20,387 -5.43 0.0078
2022-08-12 2022-06-30 13F ARROW FINL COM 042744102 677,738 4,910 0.73 21,558 -1.17 0.0077
2022-05-13 2022-03-31 13F ARROW FINL COM 042744102 672,828 -4,846 -0.72 21,813 -8.63 0.0067
2022-02-09 2021-12-31 13F ARROW FINL COM 042744102 677,674 -3,721 -0.55 23,874 1.97 0.0072
2021-11-12 2021-09-30 13F ARROW FINL COM 042744102 681,395 16,744 2.52 23,413 -2.01 0.0075
2021-08-12 2021-06-30 13F ARROW FINL COM 042744102 664,651 -15,819 -2.32 23,894 5.41 0.0076
2021-05-14 2021-03-31 13F ARROW FINL COM 042744102 680,470 -17,900 -2.56 22,667 8.52 0.0075
2021-03-08 2020-12-31 13F/A-2 ARROW FINL COM 042744102 698,370 -8,273 -1.17 20,888 17.82 0.0075
2021-02-11 2020-12-31 13F ARROW FINL COM 042744102 698,370 -8,273 20,888 7,543.6353
2020-11-12 2020-09-30 13F ARROW FINL COM 042744102 706,643 19,794 2.88 17,729 -13.17 0.0075
2020-08-13 2020-06-30 13F ARROW FINL COM 042744102 686,849 -7,012 -1.01 20,419 5.60 0.0090
2020-05-14 2020-03-31 13F ARROW FINL COM 042744102 693,861 -1,620 -0.23 19,337 -26.44 0.0101
2020-02-14 2019-12-31 13F ARROW FINL COM 042744102 695,481 -7,740 -1.10 26,289 11.96 0.0096
2019-11-12 2019-09-30 13F ARROW FINL COM 042744102 703,221 23,497 3.46 23,481 -0.53 0.0091
2019-08-13 2019-06-30 13F ARROW FINL COM 042744102 679,724 5,755 0.85 23,606 6.49 0.0092
2019-08-12 2019-03-31 13F/A-2 ARROW FINL COM 042744102 673,969 16,017 2.43 22,167 5.22 0.0088
2019-05-10 2019-03-31 13F ARROW FINL COM 042744102 673,969 16,017 22,167
2019-02-26 2018-12-31 13F/A-1 ARROW FINL COM 042744102 657,952 8,075 1.24 21,068 -12.38 0.0095
2019-02-13 2018-12-31 13F ARROW FINL COM 042744102 657,952 8,075 21,068
2018-11-13 2018-09-30 13F ARROW FINL COM 042744102 649,877 29,499 4.76 24,045 6.48 0.0092
2018-08-10 2018-06-30 13F ARROW FINL COM 042744102 620,378 26,657 4.49 22,582 12.03 0.0090
2018-05-11 2018-03-31 13F ARROW FINL COM 042744102 593,721 26,215 4.62 20,157 4.62 0.0084
2018-02-12 2017-12-31 13F ARROW FINL COM 042744102 567,506 25,183 4.64 19,267 3.42 0.0080
2017-11-13 2017-09-30 13F ARROW FINL COM 042744102 542,323 48,209 9.76 18,629 19.12 0.0081
2017-08-11 2017-06-30 13F ARROW FINL COM 042744102 494,114 26,749 5.72 15,639 -1.30 0.0072
2017-05-12 2017-03-31 13F ARROW FINL COM 042744102 467,365 33,264 7.66 15,845 -9.87 0.0076
2017-02-09 2016-12-31 13F ARROW FINL COM 042744102 434,101 21,016 5.09 17,581 29.64 0.0088
2016-11-10 2016-09-30 13F ARROW FINL COM 042744102 413,085 20,895 5.33 13,561 14.16 0.0073
2016-08-09 2016-06-30 13F ARROW FINL COM 042744102 392,190 10,175 2.66 11,879 17.03 0.0068
2016-05-13 2016-03-31 13F ARROW FINL COM 042744102 382,015 10,149 2.73 10,150 0.46 0.0061
2016-02-10 2015-12-31 13F ARROW FINL COM 042744102 371,866 8,046 2.21 10,104 4.01 0.0063
2015-11-13 2015-09-30 13F ARROW FINL COM 042744102 363,820 11,176 3.17 9,714 1.91 0.0064
2015-08-14 2015-06-30 13F ARROW FINL COM 042744102 352,644 6,490 1.87 9,532 1.43 0.0058
2015-05-14 2015-03-31 13F ARROW FINL COM 042744102 346,154 4,373 1.28 9,398 0.02 0.0059
2015-02-06 2014-12-31 13F ARROW FINL COM 042744102 341,781 -562 -0.16 9,396 9.47 0.0062
2014-11-13 2014-09-30 13F ARROW FINL COM 042744102 342,343 4,919 1.46 8,583 -1.94 0.0061
2014-08-08 2014-06-30 13F ARROW FINL COM 042744102 337,424 600 0.18 8,753 -1.72 0.0061
2014-05-14 2014-03-31 13F ARROW FINL COM 042744102 336,824 250 0.07 8,906 -0.37 0.0067
2014-02-12 2013-12-31 13F ARROW FINL COM 042744102 336,574 -1,032 -0.31 8,939 3.80 0.0070
2013-11-13 2013-09-30 13F ARROW FINL COM 042744102 337,606 2,430 0.72 8,612 3.81 0.0075
2013-08-15 2013-06-30 13F ARROW FINL COM 042744102 335,176 335,176 8,296 0.0078
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.