| 1 | Arrow Financial Corp | $76.2M | 1.9M | Trimmed |
| 2 | BlackRock, Inc. | $57.4M | 1.4M | Added |
| 3 | VANGUARD GROUP INC | $35.3M | 861,793 | Added |
| 4 | DIMENSIONAL FUND ADVISORS LP | $29.7M | 725,492 | Trimmed |
| 5 | Rhino Investment Partners, Inc | $26.1M | 847,563 | New |
| 6 | STATE STREET CORP | $20.1M | 490,098 | Added |
| 7 | AMERICAN CENTURY COMPANIES INC | $17.7M | 432,990 | Added |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | $16.8M | 409,589 | Added |
| 9 | ACADIAN ASSET MANAGEMENT LLC | $14.1M | 345,161 | Added |
| 10 | MORGAN STANLEY | $9.2M | 224,482 | Added |
| 11 | HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $7.8M | 189,939 | Added |
| 12 | RENAISSANCE TECHNOLOGIES LLC | $7.7M | 186,721 | Trimmed |
| 13 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $6.1M | 149,239 | Added |
| 14 | TWO SIGMA INVESTMENTS, LP | $5.9M | 144,861 | Added |
| 15 | NORTHERN TRUST CORP | $5.8M | 141,937 | Added |
| 16 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $5.2M | 125,799 | Added |
| 17 | Sixth Street Partners Management Company, L.P. | $5.2M | 125,799 | New |
| 18 | Connor, Clark & Lunn Investment Management Ltd. | $5.0M | 121,870 | Added |
| 19 | Rockefeller Capital Management L.P. | $4.9M | 120,712 | Added |
| 20 | AQR CAPITAL MANAGEMENT LLC | $4.8M | 116,804 | Added |
| 21 | GOLDMAN SACHS GROUP INC | $4.1M | 99,248 | Added |
| 22 | Bank of New York Mellon Corp | $3.7M | 89,370 | Added |
| 23 | Voya Investment Management LLC | $3.4M | 82,267 | Trimmed |
| 24 | MARTINGALE ASSET MANAGEMENT L P | $3.1M | 75,510 | Added |
| 25 | FMR LLC | $2.7M | 65,192 | Added |