First Financial Bankshares Inc
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), First Financial Bankshares Inc reported 193 stock positions worth $4.4 billion. Its top holding was First Finl Bankshares (FFIN) at 13.6% of the portfolio, followed by Microsoft (MSFT, 5.0%) and JPMorgan Chase (JPM, 3.7%). Compared with Q4 2023, it opened 20 new positions, sold out of 15, added to 69 and reduced 76. The biggest buy was Nisource (NI, shares +206%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −86%).
- Most Recent 13F
- Q2 2026
- Location
- Abilene, TX
- CIK
- 0000036029
- Portfolio Value
- $4.4B (Q1 2024)
- SEC Filing
- 0000950123-24-004810 ↗ filed May 14, 2024
Holdings Value
Holdings 193 stocks · $4.4B
| FFIN First Finl Bankshares Inc. | 13.55% | 18,331,690 | $601.5M | Add +0.3% |
| MSFT Microsoft Corp. | 4.95% | 522,450 | $219.8M | Reduce -7.0% |
| JPM JPMorgan Chase & Co. | 3.72% | 823,290 | $164.9M | Reduce -1.4% |
| BND Vanguard Total Bond Market | 3.64% | 2,227,205 | $161.8M | Add +4.6% |
| IJH iShares Core S&P Midcap ETF | 3.56% | 2,604,829 | $158.2M | Reduce -0.4% |
| AAPL Apple Inc. | 3.19% | 826,098 | $141.7M | Add +1.0% |
| MRK Merck & Co. Inc. | 2.50% | 842,586 | $111.2M | Reduce -0.8% |
| AVGO Broadcom Inc. | 2.49% | 83,232 | $110.3M | Reduce -0.5% |
| BX Blackstone Inc. | 2.37% | 802,086 | $105.4M | Reduce -0.1% |
| VEA Vanguard Ftse Developed ETF | 2.34% | 2,066,658 | $103.7M | Add +1.9% |
| CVX Chevron Corp. | 2.26% | 637,132 | $100.5M | Add +0.6% |
| VCSH Vanguard S/T Corp. Bond ETF | 1.92% | 1,102,495 | $85.2M | Add +7.5% |
| MDLZ Mondelez International Inc. Class A | 1.83% | 1,160,883 | $81.3M | Add +0.6% |
| JNJ Johnson & Johnson | 1.79% | 501,021 | $79.3M | Add +0.0% |
| ETN Eaton Corp. PLC | 1.77% | 251,437 | $78.6M | Reduce -2.4% |
| COP Conocophillips | 1.70% | 594,200 | $75.6M | Reduce -0.4% |
| GOOGL Alphabet Inc. Class A | 1.61% | 472,446 | $71.3M | Add +5.0% |
| HON Honeywell International Inc. | 1.60% | 345,676 | $70.9M | Reduce -0.1% |
| PEP Pepsico Inc. | 1.54% | 391,131 | $68.5M | Add +0.6% |
| AMZN Amazon.com Inc. | 1.50% | 368,110 | $66.4M | Reduce -0.9% |
| AMGN Amgen Inc. | 1.45% | 227,123 | $64.6M | Reduce -1.6% |
| WMB Williams Cos Inc. | 1.42% | 1,612,809 | $62.9M | Reduce -0.1% |
| VGSH Vanguard Short-Term Treasury | 1.38% | 1,053,092 | $61.2M | Add +2.7% |
| MDT Medtronic PLC | 1.30% | 662,445 | $57.7M | Add +10.2% |
| BLK BlackRock Finance Inc. | 1.20% | 63,996 | $53.4M | Reduce -0.3% |
| KO The Coca-Cola Co. | 1.20% | 869,865 | $53.2M | Add +0.9% |
| AEP American Electric Power | 1.18% | 607,136 | $52.3M | Add +4.2% |
| LMT Lockheed Martin Corp. | 1.17% | 114,148 | $51.9M | Add +17.9% |
| MCD McDonald's Corp. | 1.15% | 181,021 | $51.0M | Reduce -0.6% |
| INVH Invitation Homes Inc. | 1.08% | 1,343,120 | $47.8M | Add +1.6% |
| META Meta Platforms Inc. Class A | 1.07% | 97,815 | $47.5M | Reduce -3.8% |
| CSCO Cisco Systems Inc. | 1.07% | 951,179 | $47.5M | Add +1.0% |
| HD Home Depot Inc. | 1.06% | 122,979 | $47.2M | Reduce -0.5% |
| NEE Nextera Energy Inc. | 1.05% | 730,048 | $46.7M | Add +59.1% |
| NVDA Nvidia Corp. | 1.04% | 51,172 | $46.2M | Reduce -13.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.02% | 1,195,569 | $45.3M | Add +0.3% |
| C Citigroup Inc. | 1.01% | 707,093 | $44.7M | Add +2.0% |
| MA Mastercard Inc. Class A | 0.98% | 89,890 | $43.3M | Reduce -0.1% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.93% | 626,839 | $41.2M | Add +63.6% |
| VNQ Vanguard Real Estate ETF | 0.90% | 462,216 | $40.0M | Add +1.2% |
| VWO Vanguard Ftse Emerging Marke | 0.87% | 925,290 | $38.6M | Add +4.3% |
| CMCSA Comcast Corp. Class A | 0.76% | 781,428 | $33.9M | Add +2.6% |
| ARE Alexandria Real Estate Equit | 0.73% | 252,383 | $32.5M | Add +2.4% |
| SBUX Starbucks Corp. | 0.72% | 350,107 | $32.0M | Add +1.8% |
| WMT Walmart Inc. | 0.70% | 518,735 | $31.2M | No change |
| NVS Novartis AG-Sponsored ADR | 0.68% | 313,159 | $30.3M | Reduce -1.2% |
| VMBS Vanguard Mortgage-Backed Sec | 0.68% | 658,708 | $30.0M | Add +10.2% |
| LOW Lowe's Cos Inc. | 0.65% | 113,427 | $28.9M | Add +0.0% |
| NI Nisource Inc. | 0.64% | 1,021,494 | $28.3M | Add +206.1% |
| AMT American Tower Corp. | 0.63% | 142,579 | $28.2M | Add +1.1% |
| IJR iShares Core S&P Small-Cap E | 0.59% | 238,504 | $26.4M | Reduce -0.1% |
| VT Vanguard Tot World STK ETF | 0.55% | 219,577 | $24.3M | No change |
| CPT Camden Property Trust | 0.52% | 236,652 | $23.3M | Add +11.7% |
| UNP Union Pacific Corp. | 0.47% | 85,077 | $20.9M | Reduce -0.1% |
| UNH Unitedhealth Group Inc. | 0.45% | 40,512 | $20.0M | Add +0.8% |
| KRE SS SPDR S&P Regional Bank | 0.45% | 394,043 | $19.8M | Add +0.9% |
| NOW ServiceNow Inc. | 0.39% | 22,430 | $17.1M | Reduce -0.6% |
| CRM Salesforce Inc. | 0.37% | 55,217 | $16.6M | Add +0.4% |
| VGLT Vanguard Long-Term Treasury | 0.36% | 270,855 | $16.0M | Add +2.7% |
| AMD Advanced Micro Devices | 0.36% | 88,461 | $16.0M | Reduce -42.3% |
| LRCX Lam Research Corp. | 0.32% | 14,657 | $14.2M | Reduce -28.1% |
| ABT Abbott Laboratories | 0.29% | 112,030 | $12.7M | Add +12.6% |
| SPGI S&P Global Inc. | 0.28% | 29,461 | $12.5M | Reduce -0.3% |
| CIFR Cipher Digital Inc. | 0.28% | 2,397,424 | $12.3M | No change |
| PFE Pfizer Inc. | 0.25% | 406,011 | $11.3M | Add +31.3% |
| DHR Danaher Corp. | 0.24% | 42,976 | $10.7M | Add +5.6% |
| XOM Exxon Mobil Corp. | 0.23% | 88,530 | $10.3M | Reduce -1.6% |
| IYT iShares US Transportation Et | 0.21% | 129,660 | $9.1M | Reduce -0.7% |
| WDAY Workday Inc. Class A | 0.20% | 32,898 | $9.0M | Reduce -0.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.20% | 96,076 | $8.8M | New |
| ACDC Profrac Holding Corp. Class A | 0.19% | 1,011,760 | $8.5M | No change |
| VOO Vanguard S&P 500 ETF | 0.17% | 15,430 | $7.4M | Reduce -86.2% |
| MAIN Main Street Capital Corp. | 0.15% | 141,466 | $6.7M | Reduce -0.1% |
| EFA iShares MSCI Eafe ETF | 0.15% | 80,671 | $6.4M | Reduce -0.1% |
| SWK Stanley Black & Decker Inc. | 0.14% | 63,695 | $6.2M | Add +1.4% |
| TPL Texas Pacific Land Corp. | 0.14% | 10,575 | $6.1M | Add +0.4% |
| PANW Palo Alto Networks Inc. | 0.12% | 19,078 | $5.4M | Reduce -21.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.11% | 9,749 | $5.1M | No change |
| IWB iShares Russell 1000 ETF | 0.10% | 15,444 | $4.4M | No change |
| KRP Kimbell Royalty Partners LP | 0.10% | 280,426 | $4.4M | Add +0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.09% | 9,259 | $3.9M | Add +11.5% |
| ADBE Adobe Inc. | 0.08% | 7,172 | $3.6M | Add +56.8% |
| IVV iShares Core S&P 500 ETF | 0.08% | 6,514 | $3.4M | Reduce -50.8% |
| AES AES Corp. | 0.07% | 177,661 | $3.2M | New |
| UTHR United Therapeutics Corp. | 0.07% | 13,477 | $3.1M | Add +74.5% |
| BKNG Booking Holdings Inc. | 0.07% | 818 | $3.0M | Reduce -4.1% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.06% | 17,871 | $2.8M | Add +15.2% |
| GTLS Chart Industries Inc. | 0.06% | 16,186 | $2.7M | Add +221.8% |
| ISRG Intuitive Surgical Inc. | 0.05% | 6,057 | $2.4M | Reduce -2.6% |
| PB Prosperity Bancshares Inc. | 0.05% | 35,813 | $2.4M | No change |
| NBIX Neurocrine Biosciences Inc. | 0.05% | 16,193 | $2.2M | Add +2.5% |
| ROP Roper Technologies Inc. | 0.05% | 3,945 | $2.2M | Reduce -3.2% |
| GNRC Generac Holdings Inc. | 0.05% | 17,337 | $2.2M | Reduce -0.5% |
| KLAC KLA Corp. | 0.05% | 3,076 | $2.1M | Reduce -91.1% |
| INCY Incyte Corp. | 0.05% | 36,721 | $2.1M | Add +19.6% |
| EQIX Equinix Inc. | 0.04% | 2,282 | $1.9M | Reduce -3.0% |
| EEM iShares MSCI Emerging Market | 0.04% | 43,894 | $1.8M | Reduce -6.2% |
| CHE Chemed Corp. | 0.03% | 2,308 | $1.5M | No change |
| GOOG Alphabet Inc. Class C | 0.03% | 9,486 | $1.4M | Add +25.1% |
| V Visa Inc. Class A | 0.03% | 5,078 | $1.4M | Add +8.2% |
Portfolio Sells Q4 2023 → Q1 2024
| VOO Vanguard S&P 500 ETF | Reduce -86.2% | 0.17% | −1.01 |
| KLAC KLA Corp. | Reduce -91.1% | 0.05% | −0.44 |
| AMD Advanced Micro Devices | Reduce -42.3% | 0.36% | −0.18 |
| BX Blackstone Inc. | Reduce -0.1% | 2.37% | −0.15 |
| MCD McDonald's Corp. | Reduce -0.6% | 1.15% | −0.15 |
| HON Honeywell International Inc. | Reduce -0.1% | 1.60% | −0.15 |
| AMGN Amgen Inc. | Reduce -1.6% | 1.45% | −0.14 |
| MSFT Microsoft Corp. | Reduce -7.0% | 4.95% | −0.12 |
| PYPL PayPal Holdings Inc. | Reduce -90.0% | 0.01% | −0.10 |
| NVS Novartis AG-Sponsored ADR | Reduce -1.2% | 0.68% | −0.09 |
| IVV iShares Core S&P 500 ETF | Reduce -50.8% | 0.08% | −0.07 |
| VGIT Vanguard Intermediate-Term T | Reduce -81.0% | 0.01% | −0.07 |
| LRCX Lam Research Corp. | Reduce -28.1% | 0.32% | −0.06 |
| BE Bloom Energy Corp. Class A | Sold out | 0.00% | −0.06 |
| BLK BlackRock Finance Inc. | Reduce -0.3% | 1.20% | −0.05 |
| PANW Palo Alto Networks Inc. | Reduce -21.2% | 0.12% | −0.05 |
| MKTX Marketaxess Holdings Inc. | Sold out | 0.00% | −0.04 |
| UNP Union Pacific Corp. | Reduce -0.1% | 0.47% | −0.03 |
| SPGI S&P Global Inc. | Reduce -0.3% | 0.28% | −0.03 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.1% | 0.59% | −0.03 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -47.5% | 0.02% | −0.02 |
| WDAY Workday Inc. Class A | Reduce -0.3% | 0.20% | −0.02 |
| MPC Marathon Petroleum Corp. | Sold out | 0.00% | −0.02 |
| MUB iShares National Muni Bond E | Sold out | 0.00% | −0.01 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -64.4% | 0.01% | −0.01 |
| SUB iShares Short-Term National | Sold out | 0.00% | −0.01 |
| LULU Lululemon Athletica Inc. | Reduce -3.0% | 0.03% | −0.01 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Sold out | 0.00% | −0.01 |
| IAU iShares Gold Trust | Reduce -50.1% | 0.01% | −0.01 |
| IEMG iShares Core MSCI Emerging | Reduce -66.3% | 0.00% | −0.01 |
| WM Waste Management Inc. | Sold out | 0.00% | −0.01 |
| PREF Pri Spe Pre Sec Acti-Usd Inc. | Sold out | 0.00% | −0.01 |
| HYD Vaneck High Yield Muni ETF | Sold out | 0.00% | −0.01 |
| CFR Cullen/Frost Bankers Inc. | Sold out | 0.00% | −0.01 |
| BKNG Booking Holdings Inc. | Reduce -4.1% | 0.07% | −0.01 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.01 |
| SUN Sunoco LP | Sold out | 0.00% | −0.01 |
| PM Philip Morris International | Sold out | 0.00% | −0.01 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −0.00 |
| GNRC Generac Holdings Inc. | Reduce -0.5% | 0.05% | −0.00 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.00 |
| EEM iShares MSCI Emerging Market | Reduce -6.2% | 0.04% | −0.00 |
| CVS CVS Health Corp. | Reduce -9.9% | 0.02% | −0.00 |
| ROP Roper Technologies Inc. | Reduce -3.2% | 0.05% | −0.00 |
| EQIX Equinix Inc. | Reduce -3.0% | 0.04% | −0.00 |
| IRT Independence Realty Trust Inc. | Reduce -17.7% | 0.01% | −0.00 |
| PECO Phillips Edison & Company Inc. | Reduce -14.9% | 0.01% | −0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -34.6% | 0.00% | −0.00 |
| VCIT Vanguard Int-Term Corporate | Reduce -10.2% | 0.01% | −0.00 |
| DUK Duke Energy Corp. | Reduce -23.4% | 0.00% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| NI Nisource Inc. | Add +206.1% | 0.64% | +0.42 |
| NEE Nextera Energy Inc. | Add +59.1% | 1.05% | +0.38 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +63.6% | 0.93% | +0.34 |
| FFIN First Finl Bankshares Inc. | Add +0.3% | 13.55% | +0.25 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.20% | +0.20 |
| C Citigroup Inc. | Add +2.0% | 1.01% | +0.15 |
| LMT Lockheed Martin Corp. | Add +17.9% | 1.17% | +0.12 |
| MDT Medtronic PLC | Add +10.2% | 1.30% | +0.11 |
| GOOGL Alphabet Inc. Class A | Add +5.0% | 1.61% | +0.10 |
| AES AES Corp. | New | 0.07% | +0.07 |
| BAC Bank of America Corp. | Add +0.3% | 1.02% | +0.06 |
| LOW Lowe's Cos Inc. | Add +0.0% | 0.65% | +0.04 |
| GTLS Chart Industries Inc. | Add +221.8% | 0.06% | +0.04 |
| AEP American Electric Power | Add +4.2% | 1.18% | +0.04 |
| PFE Pfizer Inc. | Add +31.3% | 0.25% | +0.04 |
| UTHR United Therapeutics Corp. | Add +74.5% | 0.07% | +0.03 |
| CRM Salesforce Inc. | Add +0.4% | 0.37% | +0.03 |
| ABT Abbott Laboratories | Add +12.6% | 0.29% | +0.02 |
| CPT Camden Property Trust | Add +11.7% | 0.52% | +0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +11.5% | 0.09% | +0.02 |
| ADBE Adobe Inc. | Add +56.8% | 0.08% | +0.02 |
| DHR Danaher Corp. | Add +5.6% | 0.24% | +0.02 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +7.5% | 1.92% | +0.01 |
| CAT Caterpillar Inc. | Add +61.3% | 0.03% | +0.01 |
| DHI D.R. Horton Inc. | New | 0.01% | +0.01 |
| VMBS Vanguard Mortgage-Backed Sec | Add +10.2% | 0.68% | +0.01 |
| MDY State Street SPDR S&P Midcap | New | 0.01% | +0.01 |
| NUE Nucor Corp. | New | 0.01% | +0.01 |
| EL Estee Lauder Companies Class A | Add +15.2% | 0.06% | +0.01 |
| CMI Cummins Inc. | New | 0.01% | +0.01 |
| GD General Dynamics Corp. | New | 0.01% | +0.01 |
| GE General Electric | New | 0.01% | +0.01 |
| GOOG Alphabet Inc. Class C | Add +25.1% | 0.03% | +0.01 |
| NOC Northrop Grumman Corp. | New | 0.01% | +0.01 |
| AFL Aflac Inc. | New | 0.01% | +0.01 |
| VST Vistra Corp. | New | 0.01% | +0.01 |
| NSC Norfolk Southern Corp. | New | 0.01% | +0.01 |
| BMY Bristol-Myers Squibb Co. | New | 0.01% | +0.01 |
| TPL Texas Pacific Land Corp. | Add +0.4% | 0.14% | +0.01 |
| UPS United Parcel Service Class B | New | 0.01% | +0.01 |
| TEL Te Connectivity Ltd. | New | 0.01% | +0.01 |
| RNR Renaissancere Holdings Ltd. | New | 0.00% | +0.00 |
| DGRO iShares Core Dividend Growth | New | 0.00% | +0.00 |
| DE Deere & Co. | Add +93.2% | 0.01% | +0.00 |
| GNTX Gentex Corp. | New | 0.00% | +0.00 |
| TENB Tenable Holdings Inc. | New | 0.00% | +0.00 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.00% | +0.00 |
| RTX RTX Corp. | Add +41.2% | 0.01% | +0.00 |
| PSX Phillips 66 | Add +25.7% | 0.01% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +46.8% | 0.01% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 210 | $5.3B | MSFT, AVGO, GOOGL, IJH, JPM |
| Q1 2026 | 201 | $5.0B | MSFT, AVGO, JPM, BND, IJH |
| Q4 2025 | 212 | $5.0B | MSFT, AVGO, JPM, GOOGL, AAPL |
| Q3 2025 | 234 | $4.9B | MSFT, AVGO, JPM, BND, AAPL |
| Q2 2025 | 205 | $4.5B | MSFT, JPM, AVGO, BND, IJH |
| Q1 2025 | 172 | $4.6B | FFIN, MSFT, JPM, BND, AAPL |
| Q4 2024 | 170 | $4.6B | FFIN, MSFT, JPM, AAPL, BND |
| Q3 2024 | 181 | $4.8B | FFIN, MSFT, BND, AAPL, JPM |
| Q2 2024 | 176 | $4.4B | FFIN, MSFT, AAPL, JPM, BND |
| Q1 2024 | 193 | $4.4B | FFIN, MSFT, JPM, BND, IJH |