ARROW FINANCIAL CORP Q1 2019 Filing

Filed April 26, 2019

Portfolio Value

$431.4B

Holdings

336

Report Date

Q1 2019

Filing Type

13F-HR

All Holdings (336 positions)

#	Stock	Shares	Value	% Portfolio
1	AROWARROW FINANCIAL CORPORATION	1,403,122	$46.1B	10.70%
2	AMZNAMAZON.COM INC	8,805	$15.7B	3.63%
3	AAPLAPPLE INC	77,067	$14.6B	3.39%
4	AGGISHARES CORE U.S. AGGREGATE BO	127,192	$13.9B	3.22%
5	MSFTMICROSOFT CORP	117,310	$13.8B	3.21%
6	VVISA INC CL A	84,274	$13.2B	3.05%
7	GOOGLALPHABET INC CL A	9,525	$11.2B	2.60%
8	NFLXNETFLIX INC	25,101	$8.9B	2.07%
9	SPYSPDR S&P 500 ETF TRUST	29,901	$8.4B	1.96%
10	JNJJOHNSON & JOHNSON	59,214	$8.3B	1.92%
11	IJRISHARES S&P SMALLCAP 600	100,807	$7.8B	1.80%
12	JPMJP MORGAN CHASE & CO	70,894	$7.2B	1.66%
13	METAFACEBOOK INC-A	36,261	$6.0B	1.40%
14	BRK/BBERKSHIRE HATHAWAY INC-CL B	29,363	$5.9B	1.37%
15	HDHOME DEPOT INC	30,267	$5.8B	1.35%
16	NYFISHARES NEW YORK MUNI BOND ETF	102,749	$5.7B	1.33%
17	PFEPFIZER INC	129,856	$5.5B	1.28%
18	MRKMERCK & CO INC	65,513	$5.4B	1.26%
19	PEPPEPSICO INC	43,300	$5.3B	1.23%
20	CRMSALESFORCE.COM	32,672	$5.2B	1.20%
21	PGPROCTER & GAMBLE CO	49,615	$5.2B	1.20%
22	AMGNAMGEN INC	26,910	$5.1B	1.18%
23	SYKSTRYKER CORPORATION	25,723	$5.1B	1.18%
24	XOMEXXONMOBIL CORP	59,513	$4.8B	1.11%
25	IJHISHARES S&P 400 MIDCAP INDEX F	25,114	$4.8B	1.10%
26	CVXCHEVRON CORPORATION	37,390	$4.6B	1.07%
27	UNHUNITEDHEALTH GROUP INC	16,960	$4.2B	0.97%
28	PYPLPAYPAL HOLDINGS INC	39,996	$4.2B	0.96%
29	HONHONEYWELL INTERNATIONAL INC	26,037	$4.1B	0.96%
30	ICEINTERCONTINENTAL EXCHANGE GROU	52,237	$4.0B	0.92%
31	DPZDOMINOS PIZZA INC	15,000	$3.9B	0.90%
32	BACBANK OF AMERICA CORP	135,930	$3.8B	0.87%
33	BLKCHFBLACKROCK INC CL A	8,701	$3.7B	0.86%
34	TMOTHERMO FISHER SCIENTIFIC INC	13,397	$3.7B	0.85%
35	MASMASCO CORP	91,459	$3.6B	0.83%
36	PSXPHILLIPS 66	34,228	$3.3B	0.75%
37	DISDISNEY WALT CO NEW	29,104	$3.2B	0.75%
38	BACVERIZON COMMUNICATIONS	54,602	$3.2B	0.75%
39	UTXZUNITED TECHNOLOGIES CORP	24,258	$3.1B	0.72%
40	INTCINTEL CORP	56,727	$3.0B	0.71%
41	ORCLORACLE CORPORATION	55,542	$3.0B	0.69%
42	WMTWALMART INC	30,150	$2.9B	0.68%
43	DWDMORGAN STANLEY	69,355	$2.9B	0.68%
44	LUVSOUTHWEST AIRLINES CO	52,136	$2.7B	0.63%
45	UNPUNION PAC CORP	15,361	$2.6B	0.60%
46	IGSBISHARES SHORT-TERM CORPORATE B	47,894	$2.5B	0.59%
47	USBUS BANCORP NEW	50,145	$2.4B	0.56%
48	XLKTECHNOLOGY SELECT SECT SPDR	32,440	$2.4B	0.56%
49	COSTCOSTCO WHOLESALE CORP	9,724	$2.4B	0.55%
50	CSCOCISCO SYSTEMS INC	42,555	$2.3B	0.53%
51	SBUXSTARBUCKS CORP	30,190	$2.2B	0.52%
52	FDXFEDEX CORPORATION	12,334	$2.2B	0.52%
53	TJXTJX COS INC	41,295	$2.2B	0.51%
54	—GRUBHUB INC	30,535	$2.1B	0.49%
55	ABTABBOTT LABS	26,418	$2.1B	0.49%
56	GOOGALPHABET INC CL C	1,667	$2.0B	0.45%
57	NKENIKE INC-CLASS B	22,925	$1.9B	0.45%
58	MNSTMONSTER BEVERAGE CORP	35,055	$1.9B	0.44%
59	SHWSHERWIN WILLIAMS CO	4,345	$1.9B	0.43%
60	ECLECOLAB INC	10,486	$1.9B	0.43%
61	COFCAPITAL ONE FINANCIAL CORP	21,854	$1.8B	0.41%
62	KOCOCA COLA CO	37,074	$1.7B	0.40%
63	NEENEXTERA ENERGY INC	8,926	$1.7B	0.40%
64	BABOEING CO	4,490	$1.7B	0.40%
65	MARMARRIOTT INTERNATIONAL INC	13,587	$1.7B	0.39%
66	SPYVSPDR PORTFOLIO S&P 500 VALUE E	53,110	$1.6B	0.37%
67	MMM3M CO	7,668	$1.6B	0.37%
68	ADBEADOBE INC	5,979	$1.6B	0.37%
69	BMYBRISTOL MYERS SQUIBB CO	32,544	$1.6B	0.36%
70	STZCONSTELLATION BRANDS INC	8,801	$1.5B	0.36%
71	VMCVULCAN MATERIALS CO	11,894	$1.4B	0.33%
72	IBMINTL. BUSINESS MACHINES CORP	9,914	$1.4B	0.32%
73	ABGAMERISOURCEBERGEN CORP	17,500	$1.4B	0.32%
74	OXYOCCIDENTAL PETE CORP	21,024	$1.4B	0.32%
75	PAYXPAYCHEX INC	17,348	$1.4B	0.32%
76	CELGCELGENE CORP	14,744	$1.4B	0.32%
77	XLVHEALTH CARE SELECT SECTOR SPDR	15,044	$1.4B	0.32%
78	UPSUNITED PARCEL SERVICE CL B	12,311	$1.4B	0.32%
79	CVSCVS HEALTH CORP	25,064	$1.4B	0.31%
80	GSGOLDMAN SACHS GROUP INC	6,842	$1.3B	0.30%
81	BBTUSDBB&T CORPORATION	28,025	$1.3B	0.30%
82	BKNGBOOKING HOLDINGS INC	737	$1.3B	0.30%
83	MCDMCDONALDS CORP	6,729	$1.3B	0.30%
84	XLFFINANCIAL SELECT SECTOR SPDR	48,430	$1.2B	0.29%
85	XLYCONSUMER DISCRETIONARY SELT	10,642	$1.2B	0.28%
86	MAMASTERCARD INC CL A	4,972	$1.2B	0.27%
87	IFFINTERNATIONAL FLAVORS & FRAGRA	9,056	$1.2B	0.27%
88	GDGENERAL DYNAMICS CORP	6,741	$1.1B	0.26%
89	RTN1USDRAYTHEON COMPANY	6,036	$1.1B	0.25%
90	ADPAUTOMATIC DATA PROCESSING INC	6,400	$1.0B	0.24%
91	IWRISHARES RUSSELL MIDCAP ETF	18,774	$1.0B	0.23%
92	MDTMEDTRONIC PLC	11,094	$1.0B	0.23%
93	LLYLILLY ELI & CO	7,520	$975.0M	0.23%
94	XLIINDUSTRIAL SELECT SECTOR SPDR	12,613	$946.0M	0.22%
95	DLTRDOLLAR TREE INC	8,930	$938.0M	0.22%
96	XLBMATERIALS SELECT SPDR FUND	16,025	$890.0M	0.21%
97	CLCOLGATE PALMOLIVE CO	12,992	$890.0M	0.21%
98	DHRDANAHER CORP	6,617	$873.0M	0.20%
99	NVDANVIDIA CORP	4,784	$858.0M	0.20%
100	ATVIEURACTIVISION BLIZZARD INC	18,347	$836.0M	0.19%

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