First Financial Bankshares Inc
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), First Financial Bankshares Inc reported 205 stock positions worth $4.5 billion. Its top holding was Microsoft (MSFT) at 7.0% of the portfolio, followed by JPMorgan Chase (JPM, 5.1%) and Broadcom (AVGO, 4.9%). Compared with Q1 2025, it opened 46 new positions, sold out of 13, added to 87 and reduced 33. The biggest buy was Microsoft (MSFT, shares +1%) and the biggest sale an exit from First Finl Bankshares (FFIN).
- Most Recent 13F
- Q2 2026
- Location
- Abilene, TX
- CIK
- 0000036029
- Portfolio Value
- $4.5B (Q2 2025)
- SEC Filing
- 0000950123-25-008439 ↗ filed Aug 14, 2025
Holdings Value
Holdings 205 stocks · $4.5B
| MSFT Microsoft Corp. | 7.02% | 629,999 | $313.4M | Add +0.5% |
| JPM JPMorgan Chase & Co. | 5.14% | 791,817 | $229.6M | Add +0.7% |
| AVGO Broadcom Inc. | 4.91% | 795,369 | $219.2M | Reduce -0.7% |
| BND Vanguard Total Bond Market | 4.17% | 2,531,249 | $186.4M | Add +3.0% |
| IJH iShares Core S&P Midcap ETF | 3.81% | 2,740,978 | $170.0M | Add +2.4% |
| AAPL Apple Inc. | 3.32% | 723,361 | $148.4M | Reduce -5.9% |
| GOOGL Alphabet Inc. Class A | 2.83% | 716,784 | $126.3M | Add +19.3% |
| VEA Vanguard Ftse Developed ETF | 2.76% | 2,162,894 | $123.3M | Add +0.1% |
| BX Blackstone Inc. | 2.44% | 728,911 | $109.0M | Add +0.1% |
| JNJ Johnson & Johnson | 2.34% | 683,356 | $104.4M | Add +1.5% |
| WMB Williams Cos Inc. | 2.07% | 1,468,416 | $92.2M | Reduce -1.1% |
| MCD McDonald's Corp. | 2.05% | 312,870 | $91.4M | Reduce -0.1% |
| CVX Chevron Corp. | 2.02% | 630,840 | $90.3M | Add +0.9% |
| ETN Eaton Corp. PLC | 1.97% | 246,419 | $88.0M | Add +14.5% |
| NVDA Nvidia Corp. | 1.86% | 526,465 | $83.2M | Add +26.1% |
| HON Honeywell International Inc. | 1.85% | 354,536 | $82.6M | Add +0.4% |
| VCSH Vanguard S/T Corp. Bond ETF | 1.78% | 998,636 | $79.4M | Reduce -0.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.77% | 1,670,739 | $79.1M | Add +0.4% |
| AMZN Amazon.com Inc. | 1.66% | 337,148 | $74.0M | Add +6.9% |
| CSCO Cisco Systems Inc. | 1.64% | 1,054,179 | $73.1M | Add +5.2% |
| BLK BlackRock Inc. | 1.62% | 68,897 | $72.3M | Reduce -0.6% |
| VGSH Vanguard Short-Term Treasury | 1.60% | 1,217,708 | $71.6M | Add +3.3% |
| PEP Pepsico Inc. | 1.56% | 528,451 | $69.8M | Add +14.7% |
| AEP American Electric Power | 1.46% | 628,939 | $65.3M | Add +1.2% |
| KO The Coca-Cola Co. | 1.46% | 922,172 | $65.2M | Add +1.2% |
| NEE Nextera Energy Inc. | 1.45% | 934,088 | $64.8M | Add +18.8% |
| AMGN Amgen Inc. | 1.37% | 218,870 | $61.1M | Reduce -0.3% |
| MDT Medtronic PLC | 1.32% | 675,992 | $58.9M | Add +1.6% |
| META Meta Platforms Inc. Class A | 1.30% | 78,469 | $57.9M | Add +0.7% |
| C Citigroup Inc. | 1.28% | 669,999 | $57.0M | Add +0.3% |
| MRK Merck & Co. Inc. | 1.25% | 707,821 | $56.0M | Add +2.0% |
| MDLZ Mondelez International Inc. Class A | 1.20% | 797,228 | $53.8M | Reduce -29.8% |
| COP Conocophillips | 1.17% | 583,288 | $52.3M | Add +1.3% |
| LMT Lockheed Martin Corp. | 1.15% | 111,097 | $51.5M | Reduce -1.1% |
| WMT Walmart Inc. | 1.09% | 496,202 | $48.5M | Reduce -0.0% |
| ARE Alexandria Real Estate Equit | 1.07% | 660,182 | $47.9M | Add +96.0% |
| VWO Vanguard Ftse Emerging Marke | 1.06% | 959,147 | $47.4M | Add +0.5% |
| HD Home Depot Inc. | 1.04% | 126,939 | $46.5M | Add +0.6% |
| VMBS Vanguard Mortgage-Backed Sec | 0.96% | 922,412 | $42.7M | Add +3.5% |
| LHX L3HARRIS Technologies Inc. | 0.96% | 170,149 | $42.7M | Add +5.3% |
| NI Nisource Inc. | 0.90% | 1,000,888 | $40.4M | Add +0.2% |
| MA Mastercard Inc. Class A | 0.83% | 66,183 | $37.2M | Add +0.2% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.82% | 449,564 | $36.7M | Add +1.8% |
| IJR iShares Core S&P Small-Cap E | 0.69% | 279,828 | $30.6M | Add +15.7% |
| AMT American Tower Corp. | 0.67% | 134,982 | $29.8M | Add +2.2% |
| NVS Novartis AG-Sponsored ADR | 0.60% | 221,898 | $26.9M | Add +2.1% |
| NOW ServiceNow Inc. | 0.60% | 26,017 | $26.7M | Add +0.1% |
| ACDC Profrac Holding Corp. Class A | 0.56% | 3,231,733 | $25.1M | Add +26831.1% |
| KRE SS SPDR S&P Regional Bank | 0.52% | 390,811 | $23.2M | Add +0.5% |
| ORCL Oracle Corp. | 0.50% | 102,876 | $22.5M | Add +0.7% |
| VCIT Vanguard Int-Term Corporate | 0.50% | 267,306 | $22.2M | Add +3.2% |
| CRM Salesforce Inc. | 0.49% | 80,039 | $21.8M | Add +3.5% |
| SBUX Starbucks Corp. | 0.49% | 237,434 | $21.8M | Add +1.2% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.47% | 616,508 | $20.8M | Add +11.6% |
| UNP Union Pacific Corp. | 0.46% | 90,008 | $20.7M | Add +2.5% |
| IYT iShares US Transportation Et | 0.42% | 275,743 | $18.9M | Add +1.4% |
| VNQ Vanguard Real Estate ETF | 0.42% | 209,468 | $18.7M | Reduce -32.0% |
| VGLT Vanguard Long-Term Treasury | 0.42% | 330,654 | $18.6M | Add +37.5% |
| ADBE Adobe Inc. | 0.41% | 47,026 | $18.2M | Add +3.2% |
| CMCSA Comcast Corp. Class A | 0.37% | 461,627 | $16.5M | Add +1.7% |
| SPGI S&P Global Inc. | 0.35% | 29,868 | $15.7M | Add +0.2% |
| ABT Abbott Laboratories | 0.34% | 110,820 | $15.1M | Add +0.1% |
| MU Micron Technology Inc. | 0.32% | 115,974 | $14.3M | New |
| UNH Unitedhealth Group Inc. | 0.29% | 40,838 | $12.7M | Add +4.4% |
| O Realty Income Corp. | 0.25% | 191,028 | $11.0M | Add +0.7% |
| PFE Pfizer Inc. | 0.23% | 417,547 | $10.1M | Add +0.3% |
| CPT Camden Property Trust | 0.22% | 85,584 | $9.6M | Add +0.8% |
| AES AES Corp. | 0.18% | 757,280 | $8.0M | Add +22.7% |
| PANW Palo Alto Networks Inc. | 0.16% | 35,709 | $7.3M | Reduce -2.0% |
| UBER Uber Technologies Inc. | 0.16% | 77,343 | $7.2M | Reduce -0.6% |
| VOO Vanguard S&P 500 ETF | 0.16% | 12,414 | $7.1M | Reduce -32.0% |
| EFA iShares MSCI Eafe ETF | 0.15% | 74,933 | $6.7M | No change |
| XOM Exxon Mobil Corp. | 0.14% | 57,335 | $6.2M | Reduce -0.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.12% | 8,899 | $5.5M | Add +89.1% |
| IWB iShares Russell 1000 ETF | 0.12% | 15,483 | $5.3M | Add +0.3% |
| BKNG Booking Holdings Inc. | 0.11% | 870 | $5.0M | Add +0.2% |
| FTK Flotek Industries Inc. | 0.10% | 290,000 | $4.3M | New |
| GOOG Alphabet Inc. Class C | 0.09% | 23,863 | $4.2M | Add +128.3% |
| IEFA iShares Core MSCI Eafe ETF | 0.09% | 48,759 | $4.1M | Add +496.4% |
| UTHR United Therapeutics Corp. | 0.09% | 14,124 | $4.1M | Add +2.6% |
| INCY Incyte Corp. | 0.09% | 58,002 | $3.9M | Add +0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.08% | 7,568 | $3.7M | Add +227.8% |
| NBIX Neurocrine Biosciences Inc. | 0.08% | 28,578 | $3.6M | Add +2.9% |
| ISRG Intuitive Surgical Inc. | 0.08% | 6,422 | $3.5M | Reduce -2.9% |
| LRCX Lam Research Corp. | 0.08% | 35,700 | $3.5M | Reduce -0.1% |
| TSLA Tesla Inc. | 0.07% | 10,149 | $3.2M | Add +20.3% |
| FANG Diamondback Energy Inc. | 0.07% | 22,167 | $3.0M | New |
| T AT&T Inc. | 0.07% | 103,287 | $3.0M | New |
| EQT Eqt Corp. | 0.06% | 45,000 | $2.6M | New |
| IVV iShares Core S&P 500 ETF | 0.06% | 3,969 | $2.5M | Reduce -38.5% |
| MAIN Main Street Capital Corp. | 0.05% | 39,851 | $2.4M | No change |
| CNR Core Natural Resources Inc. | 0.05% | 32,961 | $2.3M | New |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.05% | 35,520 | $2.2M | New |
| GEV GE Vernova Inc. | 0.05% | 4,207 | $2.2M | New |
| EEM iShares MSCI Emerging Market | 0.05% | 43,894 | $2.1M | No change |
| HCA HCA Healthcare Inc. | 0.05% | 5,395 | $2.1M | New |
| ODFL Old Dominion Freight Line | 0.04% | 12,017 | $2.0M | New |
| SF Stifel Financial Corp. | 0.04% | 18,033 | $1.9M | Add +4.6% |
| KLAC KLA Corp. | 0.04% | 2,034 | $1.8M | Reduce -17.3% |
| PINS Pinterest Inc. Class A | 0.04% | 50,000 | $1.8M | New |
Portfolio Sells Q1 2025 → Q2 2025
| FFIN First Finl Bankshares Inc. | Sold out | 0.00% | −13.42 |
| MDLZ Mondelez International Inc. Class A | Reduce -29.8% | 1.20% | −0.46 |
| INVH Invitation Homes Inc. | Reduce -98.1% | 0.01% | −0.39 |
| AAPL Apple Inc. | Reduce -5.9% | 3.32% | −0.36 |
| AMD Advanced Micro Devices | Reduce -98.3% | 0.00% | −0.19 |
| VNQ Vanguard Real Estate ETF | Reduce -32.0% | 0.42% | −0.18 |
| AMGN Amgen Inc. | Reduce -0.3% | 1.37% | −0.11 |
| MCD McDonald's Corp. | Reduce -0.1% | 2.05% | −0.06 |
| GTLS Chart Industries Inc. | Sold out | 0.00% | −0.06 |
| VOO Vanguard S&P 500 ETF | Reduce -32.0% | 0.16% | −0.04 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.03 |
| VGIT Vanguard Intermediate-Term T | Sold out | 0.00% | −0.02 |
| SCHD Schwab US DVD Equity ETF | Sold out | 0.00% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -38.5% | 0.06% | −0.02 |
| JEPQ JPM Nasdaq Equity Premium | Sold out | 0.00% | −0.01 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -0.4% | 0.14% | −0.01 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.01 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.01 |
| DGRO iShares Core Dividend Growth | Sold out | 0.00% | −0.01 |
| EQIX Equinix Inc. | Sold out | 0.00% | −0.01 |
| HSY The Hershey Co. | Sold out | 0.00% | −0.00 |
| PM Philip Morris International | Sold out | 0.00% | −0.00 |
| V Visa Inc. Class A | Reduce -9.6% | 0.02% | −0.00 |
| LOW Lowe's Cos Inc. | Reduce -7.8% | 0.01% | −0.00 |
| COST Costco Wholesale Corp. | Reduce -13.9% | 0.01% | −0.00 |
| ITW Illinois Tool Works | Reduce -9.1% | 0.01% | −0.00 |
| VZ Verizon Communications Inc. | Reduce -2.8% | 0.01% | −0.00 |
| GE General Electric | Reduce -26.5% | 0.01% | −0.00 |
| PSX Phillips 66 | Reduce -1.2% | 0.01% | −0.00 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -33.5% | 0.01% | 0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -9.1% | 0.01% | +0.00 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -0.5% | 0.01% | +0.00 |
| HPE Hewlett Packard Enterprise | Reduce -0.0% | 0.00% | +0.00 |
| NFLX Netflix Inc. | Reduce -16.5% | 0.01% | +0.00 |
| KLAC KLA Corp. | Reduce -17.3% | 0.04% | +0.00 |
| ISRG Intuitive Surgical Inc. | Reduce -2.9% | 0.08% | +0.01 |
| LRCX Lam Research Corp. | Reduce -0.1% | 0.08% | +0.02 |
| PANW Palo Alto Networks Inc. | Reduce -2.0% | 0.16% | +0.03 |
| UBER Uber Technologies Inc. | Reduce -0.6% | 0.16% | +0.04 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -0.9% | 1.78% | +0.06 |
| LMT Lockheed Martin Corp. | Reduce -1.1% | 1.15% | +0.07 |
| WMT Walmart Inc. | Reduce -0.0% | 1.09% | +0.15 |
| WMB Williams Cos Inc. | Reduce -1.1% | 2.07% | +0.15 |
| BLK BlackRock Inc. | Reduce -0.6% | 1.62% | +0.20 |
| AVGO Broadcom Inc. | Reduce -0.7% | 4.91% | +2.02 |
Portfolio Buys Q1 2025 → Q2 2025
| MSFT Microsoft Corp. | Add +0.5% | 7.02% | +1.94 |
| JPM JPMorgan Chase & Co. | Add +0.7% | 5.14% | +0.98 |
| NVDA Nvidia Corp. | Add +26.1% | 1.86% | +0.89 |
| GOOGL Alphabet Inc. Class A | Add +19.3% | 2.83% | +0.83 |
| ETN Eaton Corp. PLC | Add +14.5% | 1.97% | +0.71 |
| ACDC Profrac Holding Corp. Class A | Add +26831.1% | 0.56% | +0.56 |
| IJH iShares Core S&P Midcap ETF | Add +2.4% | 3.81% | +0.44 |
| ARE Alexandria Real Estate Equit | Add +96.0% | 1.07% | +0.40 |
| VEA Vanguard Ftse Developed ETF | Add +0.1% | 2.76% | +0.39 |
| AMZN Amazon.com Inc. | Add +6.9% | 1.66% | +0.36 |
| META Meta Platforms Inc. Class A | Add +0.7% | 1.30% | +0.33 |
| MU Micron Technology Inc. | New | 0.32% | +0.32 |
| CSCO Cisco Systems Inc. | Add +5.2% | 1.64% | +0.30 |
| BND Vanguard Total Bond Market | Add +3.0% | 4.17% | +0.28 |
| BAC Bank of America Corp. | Add +0.4% | 1.77% | +0.27 |
| C Citigroup Inc. | Add +0.3% | 1.28% | +0.25 |
| NEE Nextera Energy Inc. | Add +18.8% | 1.45% | +0.25 |
| BX Blackstone Inc. | Add +0.1% | 2.44% | +0.25 |
| HON Honeywell International Inc. | Add +0.4% | 1.85% | +0.24 |
| LHX L3HARRIS Technologies Inc. | Add +5.3% | 0.96% | +0.23 |
| ORCL Oracle Corp. | Add +0.7% | 0.50% | +0.20 |
| NOW ServiceNow Inc. | Add +0.1% | 0.60% | +0.15 |
| IJR iShares Core S&P Small-Cap E | Add +15.7% | 0.69% | +0.14 |
| VWO Vanguard Ftse Emerging Marke | Add +0.5% | 1.06% | +0.13 |
| VGLT Vanguard Long-Term Treasury | Add +37.5% | 0.42% | +0.12 |
| VGSH Vanguard Short-Term Treasury | Add +3.3% | 1.60% | +0.11 |
| FTK Flotek Industries Inc. | New | 0.10% | +0.10 |
| NVS Novartis AG-Sponsored ADR | Add +2.1% | 0.60% | +0.08 |
| IEFA iShares Core MSCI Eafe ETF | Add +496.4% | 0.09% | +0.08 |
| PEP Pepsico Inc. | Add +14.7% | 1.56% | +0.07 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +1.8% | 0.82% | +0.07 |
| FANG Diamondback Energy Inc. | New | 0.07% | +0.07 |
| VMBS Vanguard Mortgage-Backed Sec | Add +3.5% | 0.96% | +0.07 |
| T AT&T Inc. | New | 0.07% | +0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +89.1% | 0.12% | +0.07 |
| GOOG Alphabet Inc. Class C | Add +128.3% | 0.09% | +0.06 |
| EQT Eqt Corp. | New | 0.06% | +0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +227.8% | 0.08% | +0.06 |
| KO The Coca-Cola Co. | Add +1.2% | 1.46% | +0.05 |
| MA Mastercard Inc. Class A | Add +0.2% | 0.83% | +0.05 |
| CNR Core Natural Resources Inc. | New | 0.05% | +0.05 |
| EMXC iShares MSCI Emr MRK Ex Chna | New | 0.05% | +0.05 |
| GEV GE Vernova Inc. | New | 0.05% | +0.05 |
| AMT American Tower Corp. | Add +2.2% | 0.67% | +0.05 |
| IYT iShares US Transportation Et | Add +1.4% | 0.42% | +0.05 |
| HCA HCA Healthcare Inc. | New | 0.05% | +0.05 |
| HD Home Depot Inc. | Add +0.6% | 1.04% | +0.04 |
| ODFL Old Dominion Freight Line | New | 0.04% | +0.04 |
| KRE SS SPDR S&P Regional Bank | Add +0.5% | 0.52% | +0.04 |
| CRM Salesforce Inc. | Add +3.5% | 0.49% | +0.04 |
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 |