First Financial Bankshares Inc
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), First Financial Bankshares Inc reported 212 stock positions worth $5.0 billion. Its top holding was Microsoft (MSFT) at 6.1% of the portfolio, followed by Broadcom (AVGO, 4.8%) and JPMorgan Chase (JPM, 4.8%). Compared with Q3 2025, it opened 11 new positions, sold out of 33, added to 64 and reduced 108. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +508%) and the biggest sale Alexandria Real Estate Equit (ARE, shares −86%).
- Most Recent 13F
- Q2 2026
- Location
- Abilene, TX
- CIK
- 0000036029
- Portfolio Value
- $5.0B (Q4 2025)
- SEC Filing
- 0001193125-26-047561 ↗ filed Feb 12, 2026
Holdings Value
Holdings 212 stocks · $5.0B
| MSFT Microsoft Corp. | 6.15% | 631,601 | $305.5M | Add +0.3% |
| AVGO Broadcom Inc. | 4.83% | 693,158 | $239.9M | Reduce -10.8% |
| JPM JPMorgan Chase & Co. | 4.78% | 737,285 | $237.6M | Add +1.5% |
| GOOGL Alphabet Inc. Class A | 4.44% | 704,140 | $220.4M | Reduce -3.0% |
| AAPL Apple Inc. | 3.99% | 729,974 | $198.5M | Reduce -0.6% |
| BND Vanguard Total Bond Market | 3.94% | 2,645,255 | $195.9M | Add +1.6% |
| IJH iShares Core S&P Midcap ETF | 3.88% | 2,920,753 | $192.8M | Add +4.8% |
| JNJ Johnson & Johnson | 2.96% | 709,380 | $146.8M | Add +2.2% |
| VEA Vanguard Ftse Developed ETF | 2.65% | 2,110,603 | $131.8M | Reduce -2.2% |
| BX Blackstone Inc. | 2.28% | 734,922 | $113.3M | Add +2.1% |
| MCD McDonald's Corp. | 1.96% | 319,205 | $97.6M | Add +1.4% |
| CVX Chevron Corp. | 1.95% | 636,586 | $97.0M | Add +0.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.90% | 1,716,213 | $94.4M | Add +2.2% |
| META Meta Platforms Inc. Class A | 1.89% | 141,954 | $93.7M | Add +66.5% |
| NVDA Nvidia Corp. | 1.78% | 474,754 | $88.5M | Reduce -6.9% |
| WMB Williams Cos Inc. | 1.74% | 1,440,934 | $86.6M | Reduce -1.4% |
| VCSH Vanguard S/T Corp. Bond ETF | 1.65% | 1,026,042 | $81.8M | Add +3.8% |
| CSCO Cisco Systems Inc. | 1.63% | 1,053,967 | $81.2M | Add +2.0% |
| ETN Eaton Corp. PLC | 1.63% | 253,785 | $80.8M | Add +2.8% |
| MU Micron Technology Inc. | 1.62% | 282,308 | $80.6M | Reduce -3.1% |
| NEE Nextera Energy Inc. | 1.60% | 988,123 | $79.3M | Add +3.9% |
| AMZN Amazon.com Inc. | 1.57% | 337,536 | $77.9M | Reduce -2.5% |
| PEP Pepsico Inc. | 1.55% | 538,026 | $77.2M | Reduce -0.3% |
| MRK Merck & Co. Inc. | 1.54% | 728,519 | $76.7M | Add +1.0% |
| VGSH Vanguard Short-Term Treasury | 1.54% | 1,302,538 | $76.5M | Add +2.5% |
| KO The Coca-Cola Co. | 1.53% | 1,086,769 | $76.0M | Add +14.4% |
| C Citigroup Inc. | 1.52% | 647,517 | $75.6M | Reduce -1.9% |
| AEP American Electric Power | 1.50% | 646,071 | $74.5M | Add +2.0% |
| BLK BlackRock Inc. | 1.48% | 68,723 | $73.6M | Add +0.9% |
| AMGN Amgen Inc. | 1.46% | 222,322 | $72.8M | Add +0.9% |
| HON Honeywell International Inc. | 1.43% | 363,988 | $71.0M | Add +2.0% |
| MDT Medtronic PLC | 1.37% | 708,496 | $68.1M | Add +2.8% |
| COP Conocophillips | 1.11% | 588,736 | $55.1M | Reduce -0.2% |
| WMT Walmart Inc. | 1.08% | 483,063 | $53.8M | Reduce -1.4% |
| LMT Lockheed Martin Corp. | 1.06% | 108,515 | $52.5M | Reduce -1.7% |
| VWO Vanguard Ftse Emerging Marke | 1.02% | 945,314 | $50.8M | Reduce -1.3% |
| LHX L3HARRIS Technologies Inc. | 1.00% | 169,952 | $49.9M | Add +2.0% |
| VOO Vanguard S&P 500 ETF | 0.99% | 78,126 | $49.0M | Add +507.8% |
| AMT American Tower Corp. | 0.90% | 255,241 | $44.8M | Reduce -7.7% |
| VMBS Vanguard Mortgage-Backed Sec | 0.90% | 948,531 | $44.7M | Add +1.4% |
| HD Home Depot Inc. | 0.89% | 127,814 | $44.0M | Reduce -0.5% |
| MDLZ Mondelez International Inc. Class A | 0.85% | 782,653 | $42.1M | Reduce -4.5% |
| NI Nisource Inc. | 0.85% | 1,008,683 | $42.1M | Add +1.7% |
| MA Mastercard Inc. Class A | 0.80% | 69,909 | $39.9M | Add +3.9% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.79% | 919,960 | $39.3M | No change |
| NOW ServiceNow Inc. | 0.76% | 247,294 | $37.9M | Add +2.3% |
| UNP Union Pacific Corp. | 0.67% | 144,307 | $33.4M | Add +5.2% |
| KRE SS SPDR S&P Regional Bank | 0.64% | 492,530 | $31.9M | Add +25.2% |
| NVS Novartis AG-Sponsored ADR | 0.62% | 224,783 | $31.0M | Add +1.1% |
| IJR iShares Core S&P Small-Cap E | 0.55% | 229,225 | $27.5M | Add +0.3% |
| VNQ Vanguard Real Estate ETF | 0.54% | 304,772 | $27.0M | Add +41.0% |
| VGLT Vanguard Long-Term Treasury | 0.47% | 415,857 | $23.2M | Add +1.3% |
| VCIT Vanguard Int-Term Corporate | 0.46% | 274,319 | $23.0M | Add +0.5% |
| RF Regions Financial Corp. | 0.46% | 843,022 | $22.8M | New |
| IYT iShares US Transportation Et | 0.44% | 293,923 | $21.9M | Add +4.6% |
| ORCL Oracle Corp. | 0.43% | 108,763 | $21.2M | Reduce -0.8% |
| SBUX Starbucks Corp. | 0.39% | 230,574 | $19.4M | Reduce -2.3% |
| SPGI S&P Global Inc. | 0.33% | 31,771 | $16.6M | Add +5.0% |
| ACDC Profrac Holding Corp. Class A | 0.31% | 3,912,053 | $15.2M | Reduce -7.0% |
| AVB Avalonbay Communities Inc. | 0.29% | 78,535 | $14.2M | Add +71.4% |
| ABT Abbott Laboratories | 0.28% | 112,351 | $14.1M | Reduce -0.7% |
| UNH Unitedhealth Group Inc. | 0.27% | 40,548 | $13.4M | Reduce -12.1% |
| O Realty Income Corp. | 0.23% | 201,941 | $11.4M | Add +4.1% |
| UTHR United Therapeutics Corp. | 0.21% | 21,034 | $10.2M | Add +0.3% |
| PFE Pfizer Inc. | 0.19% | 371,821 | $9.3M | Reduce -12.8% |
| GOOG Alphabet Inc. Class C | 0.15% | 24,477 | $7.7M | Reduce -0.3% |
| EFA iShares MSCI Eafe ETF | 0.15% | 75,817 | $7.3M | Add +0.1% |
| IVV iShares Core S&P 500 ETF | 0.14% | 10,429 | $7.1M | Reduce -13.7% |
| PANW Palo Alto Networks Inc. | 0.14% | 36,437 | $6.7M | Reduce -20.7% |
| ISRG Intuitive Surgical Inc. | 0.13% | 11,225 | $6.4M | Add +73.0% |
| UBER Uber Technologies Inc. | 0.12% | 74,030 | $6.0M | Add +0.7% |
| XOM Exxon Mobil Corp. | 0.12% | 48,464 | $5.8M | Reduce -22.4% |
| IWB iShares Russell 1000 ETF | 0.12% | 15,478 | $5.8M | Reduce -0.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.11% | 8,160 | $5.6M | Reduce -8.2% |
| NBIX Neurocrine Biosciences Inc. | 0.11% | 37,853 | $5.4M | Add +33.2% |
| VT Vanguard Tot World STK ETF | 0.11% | 37,793 | $5.3M | Add +6.4% |
| BKNG Booking Holdings Inc. | 0.10% | 952 | $5.1M | Add +6.8% |
| FTK Flotek Industries Inc. | 0.10% | 290,000 | $5.0M | No change |
| ARE Alexandria Real Estate Equit | 0.10% | 99,661 | $4.9M | Reduce -85.6% |
| TSLA Tesla Inc. | 0.10% | 10,782 | $4.8M | Add +3.5% |
| PSX Phillips 66 | 0.07% | 28,842 | $3.7M | Reduce -22.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.06% | 34,383 | $3.1M | Reduce -25.0% |
| KRP Kimbell Royalty Partners LP | 0.06% | 237,017 | $2.8M | Add +4.0% |
| MAIN Main Street Capital Corp. | 0.05% | 40,978 | $2.5M | Add +2.8% |
| EEM iShares MSCI Emerging Market | 0.05% | 43,894 | $2.4M | No change |
| GE General Electric filed as GE AEROSPACE | 0.05% | 7,601 | $2.3M | Add +540.4% |
| KLAC KLA Corp. | 0.05% | 1,871 | $2.3M | Reduce -3.6% |
| AGG iShares Core U.S. Aggregate | 0.04% | 22,065 | $2.2M | No change |
| LRCX Lam Research Corp. | 0.02% | 7,197 | $1.2M | Reduce -79.9% |
| MCK McKesson Corp. | 0.02% | 1,477 | $1.2M | No change |
| RNR Renaissancere Holdings Ltd. | 0.02% | 4,133 | $1.2M | Reduce -3.7% |
| V Visa Inc. Class A | 0.02% | 3,285 | $1.2M | Reduce -2.1% |
| CAT Caterpillar Inc. | 0.02% | 2,000 | $1.1M | Reduce -16.6% |
| PB Prosperity Bancshares Inc. | 0.02% | 16,572 | $1.1M | Reduce -5.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.02% | 2,185 | $1.1M | Reduce -0.3% |
| AIG American International Group | 0.02% | 12,784 | $1.1M | Reduce -5.3% |
| RTX RTX Corp. | 0.02% | 5,782 | $1.1M | Add +4.4% |
| ABBV Abbvie Inc. | 0.02% | 4,637 | $1.1M | Reduce -5.6% |
| AON Aon PLC Class A | 0.02% | 2,978 | $1.1M | Reduce -7.8% |
| CHE Chemed Corp. | 0.02% | 2,309 | $988K | Reduce -0.9% |
Portfolio Sells Q3 2025 → Q4 2025
| ARE Alexandria Real Estate Equit | Reduce -85.6% | 0.10% | −1.09 |
| AVGO Broadcom Inc. | Reduce -10.8% | 4.83% | −0.44 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.30 |
| ORCL Oracle Corp. | Reduce -0.8% | 0.43% | −0.21 |
| MDLZ Mondelez International Inc. Class A | Reduce -4.5% | 0.85% | −0.20 |
| AMT American Tower Corp. | Reduce -7.7% | 0.90% | −0.19 |
| HD Home Depot Inc. | Reduce -0.5% | 0.89% | −0.18 |
| NVDA Nvidia Corp. | Reduce -6.9% | 1.78% | −0.17 |
| WMB Williams Cos Inc. | Reduce -1.4% | 1.74% | −0.16 |
| AES AES Corp. | Sold out | 0.00% | −0.10 |
| LMT Lockheed Martin Corp. | Reduce -1.7% | 1.06% | −0.08 |
| LRCX Lam Research Corp. | Reduce -79.9% | 0.02% | −0.07 |
| TLN Talen Energy Corp. | Sold out | 0.00% | −0.06 |
| UNH Unitedhealth Group Inc. | Reduce -12.1% | 0.27% | −0.06 |
| PANW Palo Alto Networks Inc. | Reduce -20.7% | 0.14% | −0.06 |
| DHR Danaher Corp. | Reduce -91.2% | 0.01% | −0.05 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -87.9% | 0.01% | −0.05 |
| MLM Martin Marietta Materials | Sold out | 0.00% | −0.04 |
| VWO Vanguard Ftse Emerging Marke | Reduce -1.3% | 1.02% | −0.04 |
| SF Stifel Financial Corp. | Sold out | 0.00% | −0.04 |
| VEEV Veeva Systems Inc. Class A | Reduce -77.1% | 0.01% | −0.04 |
| CSGP Costar Group Inc. | Sold out | 0.00% | −0.04 |
| FICO Fair Isaac Corp. | Sold out | 0.00% | −0.04 |
| CRM Salesforce Inc. | Reduce -83.5% | 0.01% | −0.04 |
| PFE Pfizer Inc. | Reduce -12.8% | 0.19% | −0.04 |
| COP Conocophillips | Reduce -0.2% | 1.11% | −0.04 |
| FERG Ferguson Enterprises Inc. | Reduce -75.3% | 0.01% | −0.04 |
| ATI Ati Inc. | Sold out | 0.00% | −0.03 |
| GEV GE Vernova Inc. | Reduce -76.3% | 0.01% | −0.03 |
| PSX Phillips 66 | Reduce -22.1% | 0.07% | −0.03 |
| ABT Abbott Laboratories | Reduce -0.7% | 0.28% | −0.03 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -22.4% | 0.12% | −0.03 |
| CAVA Cava Group Inc. | Reduce -78.7% | 0.01% | −0.03 |
| MKL Markel Group Inc. | Sold out | 0.00% | −0.02 |
| SPSC SPS Commerce Inc. | Sold out | 0.00% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -13.7% | 0.14% | −0.02 |
| COF Capital One Financial Corp. | Reduce -68.4% | 0.01% | −0.02 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -25.0% | 0.06% | −0.02 |
| HUBB Hubbell Inc. | Reduce -82.8% | 0.00% | −0.02 |
| SBUX Starbucks Corp. | Reduce -2.3% | 0.39% | −0.02 |
| BRK.A Berkshire Hathaway Inc. Class A | Sold out | 0.00% | −0.02 |
| BLDR Builders Firstsource Inc. | Sold out | 0.00% | −0.01 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.01 |
| ACDC Profrac Holding Corp. Class A | Reduce -7.0% | 0.31% | −0.01 |
| IP International Paper Co. | Sold out | 0.00% | −0.01 |
| IR Ingersoll-Rand Inc. | Sold out | 0.00% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -8.2% | 0.11% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.01 |
| GTLS Chart Industries Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| VOO Vanguard S&P 500 ETF | Add +507.8% | 0.99% | +0.82 |
| META Meta Platforms Inc. Class A | Add +66.5% | 1.89% | +0.60 |
| RF Regions Financial Corp. | New | 0.46% | +0.46 |
| JNJ Johnson & Johnson | Add +2.2% | 2.96% | +0.31 |
| MRK Merck & Co. Inc. | Add +1.0% | 1.54% | +0.30 |
| KO The Coca-Cola Co. | Add +14.4% | 1.53% | +0.24 |
| AMGN Amgen Inc. | Add +0.9% | 1.46% | +0.19 |
| CSCO Cisco Systems Inc. | Add +2.0% | 1.63% | +0.18 |
| IJH iShares Core S&P Midcap ETF | Add +4.8% | 3.88% | +0.15 |
| VNQ Vanguard Real Estate ETF | Add +41.0% | 0.54% | +0.14 |
| KRE SS SPDR S&P Regional Bank | Add +25.2% | 0.64% | +0.13 |
| NEE Nextera Energy Inc. | Add +3.9% | 1.60% | +0.12 |
| BAC Bank of America Corp. | Add +2.2% | 1.90% | +0.12 |
| AVB Avalonbay Communities Inc. | Add +71.4% | 0.29% | +0.10 |
| JPM JPMorgan Chase & Co. | Add +1.5% | 4.78% | +0.08 |
| ISRG Intuitive Surgical Inc. | Add +73.0% | 0.13% | +0.07 |
| GE General Electric | Add +540.4% | 0.05% | +0.04 |
| NVS Novartis AG-Sponsored ADR | Add +1.1% | 0.62% | +0.04 |
| AEP American Electric Power | Add +2.0% | 1.50% | +0.04 |
| SPGI S&P Global Inc. | Add +5.0% | 0.33% | +0.03 |
| IYT iShares US Transportation Et | Add +4.6% | 0.44% | +0.03 |
| NBIX Neurocrine Biosciences Inc. | Add +33.2% | 0.11% | +0.03 |
| UTHR United Therapeutics Corp. | Add +0.3% | 0.21% | +0.03 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +3.8% | 1.65% | +0.02 |
| MDT Medtronic PLC | Add +2.8% | 1.37% | +0.02 |
| MA Mastercard Inc. Class A | Add +3.9% | 0.80% | +0.02 |
| PAGP Plains GP Holdings LP | New | 0.01% | +0.01 |
| MSIF MSC Income Fund Inc. | New | 0.01% | +0.01 |
| VGIT Vanguard Intermediate-Term T | New | 0.01% | +0.01 |
| VT Vanguard Tot World STK ETF | Add +6.4% | 0.11% | +0.01 |
| BILS SS Spdrb B 3-12M T-Bill ETF | New | 0.01% | +0.01 |
| UNP Union Pacific Corp. | Add +5.2% | 0.67% | +0.01 |
| DIS The Walt Disney Co. | New | 0.01% | +0.01 |
| CSX CSX Corp. | Add +83.3% | 0.01% | +0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.00% | +0.00 |
| IAUM iShares Gold Trust Micro | New | 0.00% | +0.00 |
| SGOL Abrdn Physical Gold Shares | New | 0.00% | +0.00 |
| RKLB Rocket Lab Corp. | New | 0.00% | +0.00 |
| VHT Vanguard Health Care ETF | New | 0.00% | +0.00 |
| QQQ Invesco QQQ Trust Series 1 | Add +25.3% | 0.02% | +0.00 |
| BKNG Booking Holdings Inc. | Add +6.8% | 0.10% | +0.00 |
| VGSH Vanguard Short-Term Treasury | Add +2.5% | 1.54% | +0.00 |
| TSLA Tesla Inc. | Add +3.5% | 0.10% | +0.00 |
| RTX RTX Corp. | Add +4.4% | 0.02% | +0.00 |
| NSC Norfolk Southern Corp. | Add +42.2% | 0.01% | +0.00 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +17.4% | 0.01% | +0.00 |
| EFA iShares MSCI Eafe ETF | Add +0.1% | 0.15% | +0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +12.6% | 0.01% | +0.00 |
| IWF iShares Russell 1000 Growth | Add +8.4% | 0.01% | +0.00 |
| UPS United Parcel Service Class B | Add +0.9% | 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 |