Top Institutional Investors

Arrow Investment Advisors, LLC — 13F Holdings & Portfolio

CIK 1378410 · latest 13F-HR filed 2026-11-02

Backtest portfolio

Arrow Investment Advisors, LLC manages $115.5M in 13F-reported U.S. long-equity assets across 78 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are ARCM (35.35%), VLUE (5.46%), EEM (4.55%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 9 new positions and exited 6; 37 existing positions rose in reported value and 13 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$115.5M

Long-equity book

Holdings
78

Distinct positions

Period
2026-09-30

Filed 2026-11-02

Q/Q Activity
+9 / −6 / ↑37 / ↓13

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
ARCM35.3% · 0%VLUE5.5% · -0%EEM4.5% · -0%IVW4.1% · newEZU4.0% · 0%XLI3.9% · 0%MTUM3.9% · newFYX3.8% · -0%GYLD3.3% · 0%VBR3.0% · newIJT3.0% · newORO2.8% · 0%SHY2.6% · +37%DBC1.5% · +18%CWB1.1% · 0%TIP1.0% · 0%VBK0.6% · -4%VTV0.6% · -4%HYG0.6% · -6%EWO0.6% · newEIS0.5% · -2%EWT0.5% · -4%EPOL0.4% · -1%EWS0.4% · -2%EPU0.4% · -3%GREK0.4% · -1%EWP0.4% · -2%EWI0.4% · -3%RHI0.4% · +1%EWN0.3% · newTX0.3% · +24%CALM0.2% · +17%DE0.2% · newDMLP0.2% · +18%WU0.2% · +54%SUN0.2% · +16%PAGP0.2% · +16%BBY0.2% · newPAA0.2% · +17%UAN0.2% · +18%TXO0.2% · +14%PK0.2% · -15%EPR0.2% · +12%GLP0.2% · +24%KNTK0.2% · +10%HST0.2% · +2%ET0.2% · +18%GRMN0.2% · newTU0.2% · +33%GOOD0.2% · +14%BSM0.2% · +11%DKL0.2% · +9%CQP0.2% · +19%DEA0.2% · +12%HESM0.2% · +16%HIW0.2% · -5%ARLP0.2% · +18%WES0.2% · +7%SLG0.2% · -2%APLE0.2% · -8%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 71.3%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 31, 2026.

Assets Under Management
$377.3M
Discretionary
$377.3M
Employees
10
Accounts
2
Address
6100 CHEVY CHASE DR.
SUITE 100
LAUREL, MD 20707
Phone
(301) 260-1001
Website
Name Title / Status Ownership Type
BARRATO, JOSEPH, JOHN ControlMANAGING MEMBER, CHIEF EXECUTIVE OFFICER, PRESIDENT
since Dec 2007
75% or moreIndividual
BARRATO, ISABELLA, WATSONCOMPLIANCE OFFICER
since Mar 2025
Less than 5%Individual
GUYER, JONATHAN, SCHIEF COMPLIANCE OFFICER
since Feb 2025
Less than 5%Individual
Ownership & leadership changes · 10 filings with changes since Mar 23, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 31, 2025 filing
  • ChangedBARRATO, ISABELLA, WATSON · title ASSISTANT COMPLIANCE OFFICER → COMPLIANCE OFFICER
Mar 17, 2025 filing
  • No longer listedLEWIS, CHRISTOPHER, HARDY · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Jul 2021
  • No longer listedSERRAPERE, JOHN, RALPH · MANAGING MEMBER, DIRECTOR OF RESEARCH · Less than 5% · control person · listed since Feb 2007
  • AddedBARRATO, ISABELLA, WATSON · ASSISTANT COMPLIANCE OFFICER · Less than 5%
  • AddedGUYER, JONATHAN, S · CHIEF COMPLIANCE OFFICER · Less than 5%
Mar 31, 2023 filing
  • No longer listedWIDDER, SCOTT, BARTH · PRESIDENT OF SALES · Less than 5% · control person · listed since Jan 2020
Apr 1, 2022 filing
  • No longer listedGRIFFITH, JACOB, LOUIS · OWNER · 25–50% · control person · listed since Dec 2007
  • No longer listedSTELLJES, KRISTIN, E · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Feb 2018
  • Listed againLEWIS, CHRISTOPHER, HARDY · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedBARRATO, JOSEPH, JOHN · ownership 25–50% → 75% or more
Dec 3, 2020 filing
  • No longer listedFLAIG, WILLIAM, EDWARD · CHIEF INVESTMENT OFFICER · Less than 5% · listed since Jan 2007
Oct 19, 2020 filing
  • AddedSERRAPERE, JOHN, RALPH · MANAGING MEMBER, DIRECTOR OF RESEARCH · Less than 5% · control person
  • AddedWIDDER, SCOTT, BARTH · PRESIDENT OF SALES · Less than 5% · control person
  • ChangedBARRATO, JOSEPH, JOHN · title MANAGING PARTNER, CHIEF EXECUTIVE OFFICER, DIRECTOR OF INVESTMENT STRATEGIES → MANAGING MEMBER, CHIEF EXECUTIVE OFFICER, PRESIDENT
  • ChangedGRIFFITH, JACOB, LOUIS · title MANAGING PARTNER, PRESIDENT, DIRECTOR OF SALES → OWNER
Feb 8, 2018 filing
  • No longer listedLEWIS, CHRISTOPHER, HARDY · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Apr 2017
  • Listed againSTELLJES, KRISTIN, E · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Apr 17, 2017 filing
  • No longer listedSTELLJES, KRISTIN, E · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Jun 2015
  • AddedLEWIS, CHRISTOPHER, HARDY · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Jun 22, 2015 filing
  • No longer listedCHIN, SOTHARA, NMN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Apr 2016
  • AddedSTELLJES, KRISTIN, E · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Jun 26, 2014 filing
  • No longer listedBASSETT, PATRICK, TERENCE · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Jan 2007
  • AddedCHIN, SOTHARA, NMN · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Older changes (1 more filing)
Mar 23, 2012 filing (earliest on record)
  • ListedBARRATO, JOSEPH, JOHN · MANAGING PARTNER, CHIEF EXECUTIVE OFFICER, DIRECTOR OF INVESTMENT STRATEGIES · 25–50% · control person
  • ListedBASSETT, PATRICK, TERENCE · CHIEF COMPLIANCE OFFICER · Less than 5%
  • ListedFLAIG, WILLIAM, EDWARD · CHIEF INVESTMENT OFFICER · Less than 5%
  • ListedGRIFFITH, JACOB, LOUIS · MANAGING PARTNER, PRESIDENT, DIRECTOR OF SALES · 25–50% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 37 →

Top Trims

Show all 13 →

New Positions

Show all 9 →

Exited Positions

Show all 6 →

Arrow Investment Advisors, LLC Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 ARROW INVTS TR ARCM 042765719 $40.8M 35.35% 409,003 SH
2 ISHARES TR VLUE 46432F388 $6.3M 5.46% 31,826 SH
3 ISHARES TR EEM 464287234 $5.3M 4.55% 78,667 SH
4 ISHARES TR IVW 464287309 $4.7M 4.06% 32,929 SH
5 ISHARES INC EZU 464286608 $4.6M 3.99% 68,419 SH
6 SELECT SECTOR SPDR TR XLI 81369Y704 $4.5M 3.90% 26,996 SH
7 ISHARES TR MTUM 46432F396 $4.5M 3.89% 14,150 SH
8 FIRST TR EXCHANGE-TRADED ALP FYX 33734Y109 $4.4M 3.77% 32,321 SH
9 ARROW ETF TR GYLD 04273H104 $3.9M 3.35% 285,605 SH
10 VANGUARD INDEX FDS VBR 922908611 $3.5M 3.03% 15,169 SH
11 ISHARES TR IJT 464287887 $3.5M 2.99% 21,521 SH
12 ARROW INVTS TR ORO 042765651 $3.2M 2.76% 155,000 SH
13 ISHARES TR SHY 464287457 $3.0M 2.62% 37,297 SH
14 INVESCO DB COMMDY INDX TRCK DBC 46138B103 $1.8M 1.53% 54,543 SH
15 SPDR SERIES TRUST CWB 78464A359 $1.2M 1.06% 12,123 SH
16 ISHARES TR TIP 464287176 $1.2M 1.05% 11,631 SH
17 VANGUARD INDEX FDS VBK 922908595 $715.9K 0.62% 2,119 SH
18 VANGUARD INDEX FDS VTV 922908744 $714.4K 0.62% 3,306 SH
19 ISHARES TR HYG 464288513 $679.9K 0.59% 8,806 SH
20 ISHARES INC EWO 464286202 $639.8K 0.55% 15,034 SH
21 ISHARES INC EIS 464286632 $530.0K 0.46% 4,369 SH
22 ISHARES INC EWT 46434G772 $524.3K 0.45% 4,644 SH
23 ISHARES TR EPOL 46429B606 $500.5K 0.43% 11,293 SH
24 ISHARES INC EWS 46434G780 $482.2K 0.42% 14,498 SH
25 ISHARES TR EPU 464289842 $482.1K 0.42% 5,433 SH
26 GLOBAL X FDS GREK 37954Y319 $474.7K 0.41% 5,539 SH
27 ISHARES INC EWP 464286764 $438.4K 0.38% 7,406 SH
28 ISHARES INC EWI 46434G830 $418.6K 0.36% 7,129 SH
29 ROBERT HALF INC. RHI 770323103 $410.4K 0.36% 11,166 SH
30 ISHARES INC EWN 464286814 $387.0K 0.34% 5,712 SH
31 TERNIUM SA TX 880890108 $384.6K 0.33% 7,083 SH
32 CAL MAINE FOODS INC CALM 128030202 $280.5K 0.24% 4,121 SH
33 DEERE & CO DE 244199105 $278.0K 0.24% 414 SH
34 DORCHESTER MINERALS L P DMLP 25820R105 $268.5K 0.23% 9,575 SH
35 WESTERN UN CO WU 959802109 $266.8K 0.23% 45,222 SH
36 SUNOCO LP/SUNOCO FIN CORP SUN 86765K109 $266.7K 0.23% 3,660 SH
37 PLAINS GP HLDGS L P PAGP 72651A207 $266.6K 0.23% 10,295 SH
38 BEST BUY INC BBY 086516101 $266.2K 0.23% 3,017 SH
39 PLAINS ALL AMERN PIPELINE L PAA 726503105 $266.1K 0.23% 11,217 SH
40 CVR PARTNERS LP/CVR NITROGEN UAN 126633205 $266.0K 0.23% 2,149 SH
41 TXO PARTNERS LP TXO 87313P103 $264.3K 0.23% 19,335 SH
42 PARK HOTELS & RESORTS INC PK 700517105 $257.0K 0.22% 16,668 SH
43 EPR PPTYS EPR 26884U109 $255.2K 0.22% 4,547 SH
44 GLOBAL PARTNERS LP GLP 37946R109 $253.0K 0.22% 5,465 SH
45 KINETIK HOLDINGS INC KNTK 02215L209 $253.0K 0.22% 5,040 SH
46 HOST HOTELS & RESORTS INC HST 44107P104 $252.7K 0.22% 11,285 SH
47 ENERGY TRANSFER L P ET 29273V100 $252.4K 0.22% 12,766 SH
48 GARMIN LTD GRMN H2906T109 $249.6K 0.22% 870 SH
49 TELUS CORPORATION TU 87971M103 $247.7K 0.21% 29,526 SH
50 GLADSTONE COMMERCIAL CORP GOOD 376536108 $247.7K 0.21% 19,618 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-11-02 $115.5M 78 0001378410-26-000004
2026-06-30 2026-08-04 $103.4M 75 0001378410-26-000003
2026-03-31 2026-05-04 $93.9M 59 0001378410-26-000002
2025-12-31 2026-02-09 $90.0M 49 0001378410-26-000001
Filer Information
Address
6100 CHEVY CHASE DR
SUITE 100
LAUREL, MD 20707
Phone
(301) 260-1001
Filing Manager
Arrow Investment Advisors, LLC
LAUREL, MD
Signatory
Jonathan Guyer
Chief Compliance Officer