First Financial Bankshares Inc
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 11, 2025), First Financial Bankshares Inc reported 170 stock positions worth $4.6 billion. Its top holding was First Finl Bankshares (FFIN) at 13.5% of the portfolio, followed by Microsoft (MSFT, 4.8%) and JPMorgan Chase (JPM, 4.1%). Compared with Q3 2024, it opened 8 new positions, sold out of 19, added to 63 and reduced 68. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +357%) and the biggest sale an exit from BlackRock Finance (BLK).
- Most Recent 13F
- Q2 2026
- Location
- Abilene, TX
- CIK
- 0000036029
- Portfolio Value
- $4.6B (Q4 2024)
- SEC Filing
- 0000950123-25-001496 ↗ filed Feb 11, 2025
Holdings Value
Holdings 170 stocks · $4.6B
| FFIN First Finl Bankshares Inc. | 13.50% | 17,313,555 | $624.2M | Reduce -2.9% |
| MSFT Microsoft Corp. | 4.78% | 523,850 | $220.8M | Add +3.2% |
| JPM JPMorgan Chase & Co. | 4.06% | 783,857 | $187.9M | Reduce -1.8% |
| AAPL Apple Inc. | 4.05% | 747,245 | $187.1M | Add +0.3% |
| BND Vanguard Total Bond Market | 3.73% | 2,396,447 | $172.3M | Add +2.5% |
| AVGO Broadcom Inc. | 3.59% | 716,522 | $166.1M | Reduce -13.9% |
| IJH iShares Core S&P Midcap ETF | 3.56% | 2,637,609 | $164.3M | Reduce -1.0% |
| BX Blackstone Inc. | 2.71% | 726,657 | $125.3M | Reduce -1.2% |
| VEA Vanguard Ftse Developed ETF | 2.21% | 2,137,192 | $102.2M | Add +0.4% |
| JNJ Johnson & Johnson | 2.02% | 645,357 | $93.3M | Add +2.4% |
| MCD McDonald's Corp. | 1.96% | 312,933 | $90.7M | Reduce -0.3% |
| CVX Chevron Corp. | 1.94% | 619,822 | $89.8M | Add +0.2% |
| MRK Merck & Co. Inc. | 1.82% | 844,385 | $84.0M | Add +1.4% |
| WMB Williams Cos Inc. | 1.78% | 1,522,384 | $82.4M | Reduce -3.6% |
| HON Honeywell International Inc. | 1.70% | 348,630 | $78.8M | Add +0.3% |
| GOOGL Alphabet Inc. Class A | 1.68% | 409,129 | $77.4M | Reduce -0.0% |
| VCSH Vanguard S/T Corp. Bond ETF | 1.65% | 980,279 | $76.5M | Reduce -18.2% |
| MDLZ Mondelez International Inc. Class A | 1.57% | 1,213,261 | $72.5M | Add +1.7% |
| ETN Eaton Corp. PLC | 1.53% | 212,652 | $70.6M | Add +0.8% |
| AMZN Amazon.com Inc. | 1.46% | 307,495 | $67.5M | Reduce -1.2% |
| VGSH Vanguard Short-Term Treasury | 1.46% | 1,157,496 | $67.3M | Add +3.9% |
| PEP Pepsico Inc. | 1.45% | 440,481 | $67.0M | Add +0.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.38% | 1,450,183 | $63.7M | Add +20.4% |
| KO The Coca-Cola Co. | 1.30% | 965,442 | $60.1M | Add +11.1% |
| AMGN Amgen Inc. | 1.29% | 229,053 | $59.7M | Add +2.0% |
| CSCO Cisco Systems Inc. | 1.27% | 991,581 | $58.7M | Add +0.5% |
| AEP American Electric Power | 1.23% | 614,583 | $56.7M | Add +1.4% |
| COP Conocophillips | 1.20% | 557,149 | $55.3M | Add +1.3% |
| LMT Lockheed Martin Corp. | 1.18% | 112,049 | $54.4M | Add +0.3% |
| NVDA Nvidia Corp. | 1.17% | 403,818 | $54.2M | Reduce -5.2% |
| NEE Nextera Energy Inc. | 1.14% | 733,297 | $52.6M | Add +1.5% |
| MDT Medtronic PLC | 1.11% | 642,465 | $51.3M | Reduce -3.3% |
| HD Home Depot Inc. | 1.05% | 124,480 | $48.4M | Add +0.5% |
| C Citigroup Inc. | 1.02% | 668,545 | $47.1M | Reduce -1.6% |
| META Meta Platforms Inc. Class A | 1.00% | 79,123 | $46.3M | Reduce -4.7% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.00% | 611,691 | $46.3M | Reduce -0.2% |
| WMT Walmart Inc. | 0.98% | 502,123 | $45.4M | Reduce -1.4% |
| VNQ Vanguard Real Estate ETF | 0.91% | 471,699 | $42.0M | Add +0.7% |
| VWO Vanguard Ftse Emerging Marke | 0.90% | 945,273 | $41.6M | Reduce -1.4% |
| VMBS Vanguard Mortgage-Backed Sec | 0.84% | 860,651 | $39.0M | Reduce -0.3% |
| NI Nisource Inc. | 0.79% | 998,178 | $36.7M | Reduce -0.4% |
| MA Mastercard Inc. Class A | 0.74% | 64,965 | $34.2M | Reduce -5.3% |
| INVH Invitation Homes Inc. | 0.73% | 1,055,972 | $33.8M | Add +1.5% |
| VOO Vanguard S&P 500 ETF | 0.68% | 58,303 | $31.4M | Add +357.0% |
| SBUX Starbucks Corp. | 0.67% | 341,750 | $31.2M | Reduce -2.8% |
| CMCSA Comcast Corp. Class A | 0.65% | 795,922 | $29.9M | Reduce -2.9% |
| ARE Alexandria Real Estate Equit | 0.61% | 290,538 | $28.3M | Add +15.8% |
| IJR iShares Core S&P Small-Cap E | 0.60% | 241,878 | $27.9M | Reduce -0.3% |
| AMT American Tower Corp. | 0.51% | 127,438 | $23.4M | Reduce -10.9% |
| KRE SS SPDR S&P Regional Bank | 0.51% | 387,001 | $23.4M | Reduce -0.6% |
| NOW ServiceNow Inc. | 0.49% | 21,224 | $22.5M | Reduce -2.9% |
| NVS Novartis AG-Sponsored ADR | 0.45% | 214,585 | $20.9M | Add +1.8% |
| VCIT Vanguard Int-Term Corporate | 0.44% | 254,599 | $20.4M | Add +7926.4% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.42% | 509,607 | $19.5M | New |
| UNP Union Pacific Corp. | 0.42% | 85,330 | $19.5M | Add +1.2% |
| UNH Unitedhealth Group Inc. | 0.42% | 38,193 | $19.3M | Add +0.3% |
| CPT Camden Property Trust | 0.41% | 163,164 | $18.9M | Reduce -32.0% |
| CRM Salesforce Inc. | 0.40% | 55,362 | $18.5M | Reduce -0.8% |
| IYT iShares US Transportation Et | 0.39% | 267,293 | $18.1M | Add +0.1% |
| ADBE Adobe Inc. | 0.38% | 39,390 | $17.5M | Add +411.8% |
| LOW Lowe's Cos Inc. | 0.34% | 63,817 | $15.8M | Reduce -44.9% |
| SPGI S&P Global Inc. | 0.32% | 29,255 | $14.6M | Add +0.3% |
| ABT Abbott Laboratories | 0.27% | 109,401 | $12.4M | Reduce -1.9% |
| CIFR Cipher Digital Inc. | 0.24% | 2,397,424 | $11.1M | No change |
| PFE Pfizer Inc. | 0.23% | 397,474 | $10.5M | Reduce -3.6% |
| AMD Advanced Micro Devices | 0.23% | 86,445 | $10.4M | Add +0.5% |
| VGLT Vanguard Long-Term Treasury | 0.22% | 182,850 | $10.1M | Add +5.5% |
| O Realty Income Corp. | 0.22% | 188,401 | $10.1M | Reduce -0.4% |
| DHR Danaher Corp. | 0.21% | 42,660 | $9.8M | Reduce -0.2% |
| WDAY Workday Inc. Class A | 0.18% | 33,049 | $8.5M | Add +0.4% |
| PANW Palo Alto Networks Inc. | 0.14% | 36,334 | $6.6M | Reduce -8.6% |
| GTLS Chart Industries Inc. | 0.14% | 33,181 | $6.3M | Add +86.6% |
| XOM Exxon Mobil Corp. | 0.13% | 57,785 | $6.2M | Reduce -5.4% |
| LW Lamb Weston Holdings Inc. | 0.13% | 89,588 | $6.0M | Reduce -10.9% |
| EFA iShares MSCI Eafe ETF | 0.12% | 75,362 | $5.7M | Reduce -1.8% |
| IWB iShares Russell 1000 ETF | 0.11% | 15,444 | $5.0M | No change |
| UTHR United Therapeutics Corp. | 0.10% | 13,727 | $4.8M | Add +0.1% |
| IVV iShares Core S&P 500 ETF | 0.09% | 7,106 | $4.2M | Add +17.7% |
| BKNG Booking Holdings Inc. | 0.09% | 836 | $4.2M | Add +0.6% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.09% | 43,601 | $4.0M | Reduce -57.8% |
| NBIX Neurocrine Biosciences Inc. | 0.08% | 26,942 | $3.7M | Add +51.9% |
| TSLA Tesla Inc. | 0.07% | 8,151 | $3.3M | Reduce -1.9% |
| ISRG Intuitive Surgical Inc. | 0.07% | 6,280 | $3.3M | Add +0.5% |
| INCY Incyte Corp. | 0.06% | 40,067 | $2.8M | Add +0.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.06% | 4,712 | $2.8M | Reduce -17.5% |
| GNRC Generac Holdings Inc. | 0.06% | 17,581 | $2.7M | Add +0.2% |
| MAIN Main Street Capital Corp. | 0.05% | 40,228 | $2.4M | No change |
| EQIX Equinix Inc. | 0.05% | 2,470 | $2.3M | Add +0.5% |
| ROP Roper Technologies Inc. | 0.05% | 4,104 | $2.1M | Reduce -0.2% |
| AES AES Corp. | 0.04% | 153,715 | $2.0M | Reduce -16.6% |
| EEM iShares MSCI Emerging Market | 0.04% | 43,936 | $1.8M | Add +0.1% |
| SF Stifel Financial Corp. | 0.04% | 17,243 | $1.8M | New |
| GOOG Alphabet Inc. Class C | 0.04% | 9,251 | $1.8M | Reduce -19.0% |
| KLAC KLA Corp. | 0.03% | 2,562 | $1.6M | Reduce -6.2% |
| VGIT Vanguard Intermediate-Term T | 0.03% | 24,798 | $1.4M | Add +183.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.03% | 2 | $1.4M | No change |
| LULU Lululemon Athletica Inc. | 0.03% | 3,303 | $1.3M | Add +1.5% |
| CHE Chemed Corp. | 0.03% | 2,308 | $1.2M | No change |
| PB Prosperity Bancshares Inc. | 0.03% | 15,778 | $1.2M | Add +8.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.02% | 2,356 | $1.1M | Reduce -10.1% |
Portfolio Sells Q3 2024 → Q4 2024
| BLK BlackRock Finance Inc. | Sold out | 0.00% | −1.28 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.50 |
| FFIN First Finl Bankshares Inc. | Reduce -2.9% | 13.50% | −0.39 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -18.2% | 1.65% | −0.35 |
| LOW Lowe's Cos Inc. | Reduce -44.9% | 0.34% | −0.32 |
| HSY The Hershey Co. | Sold out | 0.00% | −0.22 |
| CPT Camden Property Trust | Reduce -32.0% | 0.41% | −0.21 |
| AMT American Tower Corp. | Reduce -10.9% | 0.51% | −0.19 |
| MDT Medtronic PLC | Reduce -3.3% | 1.11% | −0.15 |
| SWK Stanley Black & Decker Inc. | Sold out | 0.00% | −0.15 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -57.8% | 0.09% | −0.11 |
| CMCSA Comcast Corp. Class A | Reduce -2.9% | 0.65% | −0.07 |
| VWO Vanguard Ftse Emerging Marke | Reduce -1.4% | 0.90% | −0.07 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.06 |
| MCD McDonald's Corp. | Reduce -0.3% | 1.96% | −0.05 |
| SBUX Starbucks Corp. | Reduce -2.8% | 0.67% | −0.05 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -0.2% | 1.00% | −0.04 |
| DHR Danaher Corp. | Reduce -0.2% | 0.21% | −0.04 |
| AES AES Corp. | Reduce -16.6% | 0.04% | −0.04 |
| O Realty Income Corp. | Reduce -0.4% | 0.22% | −0.04 |
| PFE Pfizer Inc. | Reduce -3.6% | 0.23% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -5.4% | 0.13% | −0.02 |
| TPL Texas Pacific Land Corp. | Sold out | 0.00% | −0.01 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -0.3% | 0.84% | −0.01 |
| EFA iShares MSCI Eafe ETF | Reduce -1.8% | 0.12% | −0.01 |
| VLO Valero Energy Corp. | Reduce -56.2% | 0.01% | −0.01 |
| INTC Intel Corp. | Sold out | 0.00% | −0.01 |
| KLAC KLA Corp. | Reduce -6.2% | 0.03% | −0.01 |
| ABBV Abbvie Inc. | Reduce -26.6% | 0.02% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -17.5% | 0.06% | −0.01 |
| LW Lamb Weston Holdings Inc. | Reduce -10.9% | 0.13% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -22.8% | 0.01% | −0.01 |
| RSP Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.01 |
| KMI Kinder Morgan Inc. | Sold out | 0.00% | −0.01 |
| SPSB SS SPDR P St C Corp. ETF | Sold out | 0.00% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -43.1% | 0.01% | −0.01 |
| SMG Scotts Miracle-Gro Co. | Sold out | 0.00% | −0.00 |
| RDVY First Trust Rising Dividend | Sold out | 0.00% | −0.00 |
| CVS CVS Health Corp. | Reduce -19.3% | 0.01% | −0.00 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.00 |
| VTI VG Morningstar TS MKT ETF-US | Sold out | 0.00% | −0.00 |
| GE General Electric | Sold out | 0.00% | −0.00 |
| MET Metlife Inc. | Sold out | 0.00% | −0.00 |
| WM Waste Management Inc. | Sold out | 0.00% | −0.00 |
| OKE Oneok Inc. | Sold out | 0.00% | −0.00 |
| IAU iShares Gold Trust | Reduce -30.4% | 0.01% | −0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -10.1% | 0.02% | −0.00 |
| GOOG Alphabet Inc. Class C | Reduce -19.0% | 0.04% | −0.00 |
| CL Colgate-Palmolive Co. | Reduce -0.3% | 0.02% | −0.00 |
| ROP Roper Technologies Inc. | Reduce -0.2% | 0.05% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| VOO Vanguard S&P 500 ETF | Add +357.0% | 0.68% | +0.54 |
| VCIT Vanguard Int-Term Corporate | Add +7926.4% | 0.44% | +0.44 |
| SLB SLB Ltd. | New | 0.42% | +0.42 |
| AAPL Apple Inc. | Add +0.3% | 4.05% | +0.39 |
| BAC Bank of America Corp. | Add +20.4% | 1.38% | +0.37 |
| ADBE Adobe Inc. | Add +411.8% | 0.38% | +0.29 |
| HON Honeywell International Inc. | Add +0.3% | 1.70% | +0.19 |
| MSFT Microsoft Corp. | Add +3.2% | 4.78% | +0.18 |
| CSCO Cisco Systems Inc. | Add +0.5% | 1.27% | +0.16 |
| GTLS Chart Industries Inc. | Add +86.6% | 0.14% | +0.09 |
| VGSH Vanguard Short-Term Treasury | Add +3.9% | 1.46% | +0.07 |
| ETN Eaton Corp. PLC | Add +0.8% | 1.53% | +0.05 |
| SF Stifel Financial Corp. | New | 0.04% | +0.04 |
| NBIX Neurocrine Biosciences Inc. | Add +51.9% | 0.08% | +0.04 |
| BND Vanguard Total Bond Market | Add +2.5% | 3.73% | +0.03 |
| CVX Chevron Corp. | Add +0.2% | 1.94% | +0.02 |
| VGIT Vanguard Intermediate-Term T | Add +183.5% | 0.03% | +0.02 |
| IVV iShares Core S&P 500 ETF | Add +17.7% | 0.09% | +0.02 |
| BKNG Booking Holdings Inc. | Add +0.6% | 0.09% | +0.02 |
| WDAY Workday Inc. Class A | Add +0.4% | 0.18% | +0.02 |
| MUB iShares National Muni Bond E | New | 0.01% | +0.01 |
| LULU Lululemon Athletica Inc. | Add +1.5% | 0.03% | +0.01 |
| FERG Ferguson Enterprises Inc. | New | 0.01% | +0.01 |
| SCHD Schwab US DVD Equity ETF | New | 0.01% | +0.01 |
| ISRG Intuitive Surgical Inc. | Add +0.5% | 0.07% | +0.01 |
| IBM Intl Business Machines Corp. | New | 0.01% | +0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | New | 0.01% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +66.7% | 0.01% | +0.00 |
| EQIX Equinix Inc. | Add +0.5% | 0.05% | +0.00 |
| INCY Incyte Corp. | Add +0.7% | 0.06% | +0.00 |
| PB Prosperity Bancshares Inc. | Add +8.4% | 0.03% | +0.00 |
| IYT iShares US Transportation Et | Add +0.1% | 0.39% | +0.00 |
| NFLX Netflix Inc. | Add +3.0% | 0.01% | +0.00 |
| VKI Invesco Adv Muni Inc. TR II | New | 0.00% | +0.00 |
| UTHR United Therapeutics Corp. | Add +0.1% | 0.10% | +0.00 |
| ORCL Oracle Corp. | Add +18.7% | 0.01% | +0.00 |
| CMI Cummins Inc. | Add +1.2% | 0.01% | +0.00 |
| DE Deere & Co. | Add +1.4% | 0.01% | +0.00 |
| GNRC Generac Holdings Inc. | Add +0.2% | 0.06% | +0.00 |
| MDY State Street SPDR S&P Midcap | Add +0.5% | 0.01% | +0.00 |
| ITW Illinois Tool Works | Add +1.4% | 0.01% | +0.00 |
| DUK Duke Energy Corp. | Add +2.8% | 0.00% | −0.00 |
| RNR Renaissancere Holdings Ltd. | Add +2.1% | 0.01% | −0.00 |
| TT Trane Technologies PLC | Add +0.2% | 0.01% | −0.00 |
| LHX L3HARRIS Technologies Inc. | Add +1.6% | 0.00% | −0.00 |
| TXN Texas Instruments Inc. | Add +0.9% | 0.01% | −0.00 |
| VZ Verizon Communications Inc. | Add +3.3% | 0.01% | −0.00 |
| CAT Caterpillar Inc. | Add +0.7% | 0.02% | −0.00 |
| LLY Eli Lilly & Co. | Add +2.0% | 0.02% | −0.00 |
| SPGI S&P Global Inc. | Add +0.3% | 0.32% | −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 |