Arrow Financial Corp (AROW)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Rhumbline Advisers	24,940	$655,689	0%
2.	Nbt Bank N A	6,315	$166,021	0.01%
3.	Adirondack Trust Co	2,456	$64,567	0.03%
4.	Clean Yield Group	1,458	$38,331	0.01%
5.	Gamma Investing Llc	885	$23,267	0%