First Financial Bankshares Inc
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 24, 2024), First Financial Bankshares Inc reported 181 stock positions worth $4.8 billion. Its top holding was First Finl Bankshares (FFIN) at 13.9% of the portfolio, followed by Microsoft (MSFT, 4.6%) and Vanguard Total Bond Market (BND, 3.7%). Compared with Q2 2024, it opened 12 new positions, sold out of 7, added to 64 and reduced 73. The biggest buy was Estee Lauder Companies Class A (EL, shares +1292%) and the biggest sale Microsoft (MSFT, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- Abilene, TX
- CIK
- 0000036029
- Portfolio Value
- $4.8B (Q3 2024)
- SEC Filing
- 0000950123-24-009896 ↗ filed Oct 24, 2024
Holdings Value
Holdings 181 stocks · $4.8B
| FFIN First Finl Bankshares Inc. | 13.89% | 17,827,863 | $659.8M | Reduce -1.7% |
| MSFT Microsoft Corp. | 4.60% | 507,678 | $218.5M | Reduce -6.1% |
| BND Vanguard Total Bond Market | 3.70% | 2,338,295 | $175.6M | Add +3.8% |
| AAPL Apple Inc. | 3.65% | 744,805 | $173.5M | Reduce -11.9% |
| JPM JPMorgan Chase & Co. | 3.54% | 797,970 | $168.3M | Reduce -1.1% |
| IJH iShares Core S&P Midcap ETF | 3.49% | 2,663,798 | $166.0M | Add +0.8% |
| AVGO Broadcom Inc. | 3.02% | 832,667 | $143.6M | Add +0.1% |
| BX Blackstone Inc. | 2.37% | 735,413 | $112.6M | Reduce -8.9% |
| VEA Vanguard Ftse Developed ETF | 2.37% | 2,128,993 | $112.4M | Add +1.4% |
| JNJ Johnson & Johnson | 2.15% | 630,066 | $102.1M | Add +10.7% |
| MCD McDonald's Corp. | 2.01% | 313,961 | $95.6M | Add +11.7% |
| VCSH Vanguard S/T Corp. Bond ETF | 2.00% | 1,198,508 | $95.2M | Add +7.2% |
| MRK Merck & Co. Inc. | 1.99% | 832,389 | $94.5M | Add +1.1% |
| CVX Chevron Corp. | 1.92% | 618,540 | $91.1M | Add +0.9% |
| MDLZ Mondelez International Inc. Class A | 1.85% | 1,193,383 | $87.9M | Add +1.3% |
| PEP Pepsico Inc. | 1.57% | 438,593 | $74.6M | Add +11.7% |
| AMGN Amgen Inc. | 1.52% | 224,577 | $72.4M | Reduce -1.0% |
| WMB Williams Cos Inc. | 1.52% | 1,579,403 | $72.1M | Reduce -0.8% |
| HON Honeywell International Inc. | 1.51% | 347,608 | $71.9M | Add +0.5% |
| ETN Eaton Corp. PLC | 1.47% | 210,957 | $69.9M | Add +2.3% |
| GOOGL Alphabet Inc. Class A | 1.43% | 409,273 | $67.9M | Add +1.4% |
| VGSH Vanguard Short-Term Treasury | 1.38% | 1,114,445 | $65.8M | Add +4.4% |
| LMT Lockheed Martin Corp. | 1.37% | 111,669 | $65.3M | Reduce -1.8% |
| KO The Coca-Cola Co. | 1.31% | 869,274 | $62.5M | Reduce -0.2% |
| AEP American Electric Power | 1.31% | 606,202 | $62.2M | Reduce -0.5% |
| NEE Nextera Energy Inc. | 1.29% | 722,726 | $61.1M | Reduce -0.7% |
| BLK BlackRock Finance Inc. | 1.28% | 63,842 | $60.6M | Reduce -0.3% |
| MDT Medtronic PLC | 1.26% | 664,050 | $59.8M | Reduce -0.2% |
| AMZN Amazon.com Inc. | 1.22% | 311,281 | $58.0M | Reduce -0.4% |
| COP Conocophillips | 1.22% | 550,045 | $57.9M | Add +0.8% |
| CSCO Cisco Systems Inc. | 1.11% | 987,077 | $52.5M | Add +0.9% |
| NVDA Nvidia Corp. | 1.09% | 426,052 | $51.7M | Reduce -13.3% |
| HD Home Depot Inc. | 1.06% | 123,833 | $50.2M | Reduce -0.2% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.04% | 613,025 | $49.5M | Reduce -0.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.01% | 1,205,017 | $47.8M | Add +0.7% |
| META Meta Platforms Inc. Class A | 1.00% | 83,039 | $47.5M | Add +0.1% |
| VWO Vanguard Ftse Emerging Marke | 0.97% | 958,753 | $45.9M | Add +1.5% |
| VNQ Vanguard Real Estate ETF | 0.96% | 468,643 | $45.7M | Add +0.7% |
| C Citigroup Inc. | 0.90% | 679,188 | $42.5M | Reduce -2.2% |
| WMT Walmart Inc. | 0.87% | 509,089 | $41.1M | Reduce -0.7% |
| VMBS Vanguard Mortgage-Backed Sec | 0.86% | 863,344 | $40.8M | Add +26.3% |
| INVH Invitation Homes Inc. | 0.77% | 1,040,249 | $36.7M | Reduce -23.1% |
| NI Nisource Inc. | 0.73% | 1,002,476 | $34.7M | Reduce -1.8% |
| SBUX Starbucks Corp. | 0.72% | 351,627 | $34.3M | Reduce -1.7% |
| CMCSA Comcast Corp. Class A | 0.72% | 819,590 | $34.2M | Add +1.7% |
| MA Mastercard Inc. Class A | 0.71% | 68,617 | $33.9M | Reduce -0.3% |
| AMT American Tower Corp. | 0.70% | 143,090 | $33.3M | Reduce -1.0% |
| LOW Lowe's Cos Inc. | 0.66% | 115,864 | $31.4M | Add +1.1% |
| ARE Alexandria Real Estate Equit | 0.63% | 250,876 | $29.8M | Reduce -1.5% |
| CPT Camden Property Trust | 0.62% | 240,108 | $29.7M | Reduce -0.7% |
| IJR iShares Core S&P Small-Cap E | 0.60% | 242,533 | $28.4M | Add +0.4% |
| NVS Novartis AG-Sponsored ADR | 0.51% | 210,808 | $24.2M | Reduce -1.0% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.50% | 236,342 | $23.6M | Add +1292.3% |
| UNH Unitedhealth Group Inc. | 0.47% | 38,081 | $22.3M | Reduce -0.1% |
| KRE SS SPDR S&P Regional Bank | 0.46% | 389,285 | $22.0M | Reduce -0.4% |
| UNP Union Pacific Corp. | 0.44% | 84,318 | $20.8M | Reduce -1.5% |
| NOW ServiceNow Inc. | 0.41% | 21,861 | $19.6M | Reduce -1.2% |
| IYT iShares US Transportation Et | 0.39% | 266,979 | $18.4M | Add +0.6% |
| CRM Salesforce Inc. | 0.32% | 55,826 | $15.3M | Add +0.8% |
| SPGI S&P Global Inc. | 0.32% | 29,162 | $15.1M | Reduce -0.2% |
| AMD Advanced Micro Devices | 0.30% | 85,981 | $14.1M | Reduce -0.9% |
| ABT Abbott Laboratories | 0.27% | 111,580 | $12.7M | Reduce -0.1% |
| O Realty Income Corp. | 0.25% | 189,230 | $12.0M | Add +0.2% |
| PFE Pfizer Inc. | 0.25% | 412,169 | $11.9M | Add +0.3% |
| DHR Danaher Corp. | 0.25% | 42,759 | $11.9M | Add +0.5% |
| VGLT Vanguard Long-Term Treasury | 0.22% | 173,348 | $10.7M | Reduce -38.4% |
| HSY The Hershey Co. | 0.22% | 55,519 | $10.6M | New |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.20% | 103,277 | $9.5M | Add +3.5% |
| CIFR Cipher Digital Inc. | 0.20% | 2,397,424 | $9.3M | No change |
| WDAY Workday Inc. Class A | 0.17% | 32,915 | $8.0M | Add +0.8% |
| XOM Exxon Mobil Corp. | 0.15% | 61,112 | $7.2M | Reduce -3.6% |
| SWK Stanley Black & Decker Inc. | 0.15% | 63,636 | $7.0M | Add +0.1% |
| PANW Palo Alto Networks Inc. | 0.14% | 19,883 | $6.8M | Add +1.3% |
| VOO Vanguard S&P 500 ETF | 0.14% | 12,758 | $6.7M | Reduce -2.3% |
| LW Lamb Weston Holdings Inc. | 0.14% | 100,502 | $6.5M | New |
| EFA iShares MSCI Eafe ETF | 0.14% | 76,767 | $6.4M | No change |
| UTHR United Therapeutics Corp. | 0.10% | 13,706 | $4.9M | Add +0.9% |
| IWB iShares Russell 1000 ETF | 0.10% | 15,444 | $4.9M | No change |
| ADBE Adobe Inc. | 0.08% | 7,697 | $4.0M | Add +2.9% |
| AES AES Corp. | 0.08% | 184,293 | $3.7M | Add +3.3% |
| BKNG Booking Holdings Inc. | 0.07% | 831 | $3.5M | Add +1.2% |
| IVV iShares Core S&P 500 ETF | 0.07% | 6,039 | $3.5M | Reduce -5.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.07% | 5,711 | $3.3M | Add +16.2% |
| ISRG Intuitive Surgical Inc. | 0.06% | 6,246 | $3.1M | Add +1.8% |
| LRCX Lam Research Corp. | 0.06% | 3,536 | $2.9M | Reduce -75.7% |
| GNRC Generac Holdings Inc. | 0.06% | 17,547 | $2.8M | Add +0.8% |
| INCY Incyte Corp. | 0.06% | 39,802 | $2.6M | Add +4.0% |
| ROP Roper Technologies Inc. | 0.05% | 4,114 | $2.3M | Add +3.7% |
| GTLS Chart Industries Inc. | 0.05% | 17,781 | $2.2M | Add +8.1% |
| EQIX Equinix Inc. | 0.05% | 2,457 | $2.2M | Add +2.9% |
| TSLA Tesla Inc. | 0.05% | 8,305 | $2.2M | Add +2.8% |
| KLAC KLA Corp. | 0.04% | 2,730 | $2.1M | Reduce -8.7% |
| NBIX Neurocrine Biosciences Inc. | 0.04% | 17,734 | $2.0M | Add +6.3% |
| MAIN Main Street Capital Corp. | 0.04% | 40,228 | $2.0M | No change |
| EEM iShares MSCI Emerging Market | 0.04% | 43,894 | $2.0M | No change |
| GOOG Alphabet Inc. Class C | 0.04% | 11,416 | $1.9M | Reduce -1.8% |
| CHE Chemed Corp. | 0.03% | 2,308 | $1.4M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.03% | 2 | $1.4M | No change |
| ABBV Abbvie Inc. | 0.03% | 6,866 | $1.4M | Reduce -3.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.03% | 2,622 | $1.2M | Add +4.5% |
Portfolio Sells Q2 2024 → Q3 2024
| MSFT Microsoft Corp. | Reduce -6.1% | 4.60% | −0.94 |
| AAPL Apple Inc. | Reduce -11.9% | 3.65% | −0.43 |
| INVH Invitation Homes Inc. | Reduce -23.1% | 0.77% | −0.34 |
| NVDA Nvidia Corp. | Reduce -13.3% | 1.09% | −0.30 |
| LRCX Lam Research Corp. | Reduce -75.7% | 0.06% | −0.29 |
| JPM JPMorgan Chase & Co. | Reduce -1.1% | 3.54% | −0.20 |
| AMZN Amazon.com Inc. | Reduce -0.4% | 1.22% | −0.16 |
| VGLT Vanguard Long-Term Treasury | Reduce -38.4% | 0.22% | −0.15 |
| C Citigroup Inc. | Reduce -2.2% | 0.90% | −0.12 |
| AMGN Amgen Inc. | Reduce -1.0% | 1.52% | −0.10 |
| ARE Alexandria Real Estate Equit | Reduce -1.5% | 0.63% | −0.06 |
| WMB Williams Cos Inc. | Reduce -0.8% | 1.52% | −0.03 |
| AMD Advanced Micro Devices | Reduce -0.9% | 0.30% | −0.03 |
| V Visa Inc. Class A | Reduce -44.5% | 0.02% | −0.02 |
| NFLX Netflix Inc. | Reduce -66.3% | 0.01% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -3.6% | 0.15% | −0.02 |
| KLAC KLA Corp. | Reduce -8.7% | 0.04% | −0.01 |
| NVS Novartis AG-Sponsored ADR | Reduce -1.0% | 0.51% | −0.01 |
| FERG Ferguson Jersey Ltd. | Sold out | 0.00% | −0.01 |
| GOOG Alphabet Inc. Class C | Reduce -1.8% | 0.04% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -2.3% | 0.14% | −0.01 |
| FDX FedEx Corp. | Sold out | 0.00% | −0.01 |
| UNP Union Pacific Corp. | Reduce -1.5% | 0.44% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -5.0% | 0.07% | −0.01 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -17.9% | 0.01% | −0.01 |
| CVS CVS Health Corp. | Reduce -31.4% | 0.01% | −0.01 |
| TEL Te Connectivity Ltd. | Sold out | 0.00% | −0.01 |
| VLO Valero Energy Corp. | Reduce -0.0% | 0.02% | −0.01 |
| IEMG iShares Core MSCI Emerging | Sold out | 0.00% | −0.00 |
| VCIT Vanguard Int-Term Corporate | Reduce -41.4% | 0.01% | −0.00 |
| UPS United Parcel Service Class B | Reduce -42.4% | 0.00% | −0.00 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -44.2% | 0.00% | −0.00 |
| JFR Nuveen Floating Rate Income | Sold out | 0.00% | −0.00 |
| TMO Thermo Fisher Scientific Inc. | Reduce -12.9% | 0.02% | −0.00 |
| VGIT Vanguard Intermediate-Term T | Reduce -12.6% | 0.01% | −0.00 |
| DIS The Walt Disney Co. | Reduce -18.2% | 0.01% | −0.00 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -9.9% | 0.02% | −0.00 |
| VZ Verizon Communications Inc. | Reduce -18.2% | 0.01% | −0.00 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -15.4% | 0.01% | −0.00 |
| VGT Vanguard Info Tech ETF | Reduce -9.9% | 0.01% | −0.00 |
| TT Trane Technologies PLC | Reduce -14.9% | 0.01% | −0.00 |
| GE General Electric | Reduce -25.8% | 0.00% | −0.00 |
| TGT Target Corp. | Reduce -8.7% | 0.01% | −0.00 |
| TXN Texas Instruments Inc. | Reduce -7.1% | 0.01% | −0.00 |
| PG The Procter & Gamble Co. | Reduce -1.1% | 0.01% | −0.00 |
| GD General Dynamics Corp. | Reduce -3.2% | 0.01% | −0.00 |
| DE Deere & Co. | Reduce -8.9% | 0.01% | −0.00 |
| CUTRQ Cutera Inc. | Sold out | 0.00% | −0.00 |
| IAU iShares Gold Trust | Reduce -6.4% | 0.01% | −0.00 |
Portfolio Buys Q2 2024 → Q3 2024
| EL Estee Lauder Companies Class A | Add +1292.3% | 0.50% | +0.45 |
| MCD McDonald's Corp. | Add +11.7% | 2.01% | +0.37 |
| JNJ Johnson & Johnson | Add +10.7% | 2.15% | +0.24 |
| HSY The Hershey Co. | New | 0.22% | +0.22 |
| VMBS Vanguard Mortgage-Backed Sec | Add +26.3% | 0.86% | +0.15 |
| LW Lamb Weston Holdings Inc. | New | 0.14% | +0.14 |
| PEP Pepsico Inc. | Add +11.7% | 1.57% | +0.09 |
| MDLZ Mondelez International Inc. Class A | Add +1.3% | 1.85% | +0.08 |
| LOW Lowe's Cos Inc. | Add +1.1% | 0.66% | +0.08 |
| VNQ Vanguard Real Estate ETF | Add +0.7% | 0.96% | +0.07 |
| META Meta Platforms Inc. Class A | Add +0.1% | 1.00% | +0.04 |
| CSCO Cisco Systems Inc. | Add +0.9% | 1.11% | +0.04 |
| SWK Stanley Black & Decker Inc. | Add +0.1% | 0.15% | +0.03 |
| O Realty Income Corp. | Add +0.2% | 0.25% | +0.02 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +7.2% | 2.00% | +0.02 |
| VWO Vanguard Ftse Emerging Marke | Add +1.5% | 0.97% | +0.02 |
| TSLA Tesla Inc. | Add +2.8% | 0.05% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +16.2% | 0.07% | +0.01 |
| DHR Danaher Corp. | Add +0.5% | 0.25% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +0.4% | 0.60% | +0.01 |
| RSP Invesco S&P 500 Equal Weight | New | 0.01% | +0.01 |
| AES AES Corp. | Add +3.3% | 0.08% | +0.01 |
| GNRC Generac Holdings Inc. | Add +0.8% | 0.06% | +0.01 |
| MSTR Strategy Inc. | New | 0.01% | +0.01 |
| VIG Vanguard Dividend Apprec ETF | New | 0.01% | +0.01 |
| SMG Scotts Miracle-Gro Co. | New | 0.00% | +0.00 |
| RDVY First Trust Rising Dividend | New | 0.00% | +0.00 |
| PB Prosperity Bancshares Inc. | Add +16.8% | 0.02% | +0.00 |
| EQIX Equinix Inc. | Add +2.9% | 0.05% | +0.00 |
| SPLV Invesco S&P 500 Low Volatili | New | 0.00% | +0.00 |
| MET Metlife Inc. | New | 0.00% | +0.00 |
| UTHR United Therapeutics Corp. | Add +0.9% | 0.10% | +0.00 |
| WM Waste Management Inc. | New | 0.00% | +0.00 |
| ETR Entergy Corp. | New | 0.00% | +0.00 |
| OKE Oneok Inc. | New | 0.00% | +0.00 |
| INCY Incyte Corp. | Add +4.0% | 0.06% | +0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +4.5% | 0.03% | +0.00 |
| ISRG Intuitive Surgical Inc. | Add +1.8% | 0.06% | +0.00 |
| WDAY Workday Inc. Class A | Add +0.8% | 0.17% | +0.00 |
| CAT Caterpillar Inc. | Add +2.6% | 0.02% | +0.00 |
| TPL Texas Pacific Land Corp. | Add +2.2% | 0.01% | +0.00 |
| QQQ Invesco QQQ Trust Series 1 | Add +33.3% | 0.01% | +0.00 |
| AFL Aflac Inc. | Add +1.1% | 0.01% | +0.00 |
| ITW Illinois Tool Works | Add +0.9% | 0.01% | +0.00 |
| DGRO iShares Core Dividend Growth | Add +2.7% | 0.00% | +0.00 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +6.0% | 0.01% | 0.00 |
| LHX L3HARRIS Technologies Inc. | Add +1.4% | 0.00% | −0.00 |
| CL Colgate-Palmolive Co. | Add +0.1% | 0.02% | −0.00 |
| COST Costco Wholesale Corp. | Add +0.9% | 0.01% | −0.00 |
| PSX Phillips 66 | Add +3.2% | 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 |