First Financial Bankshares Inc
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 11, 2026), First Financial Bankshares Inc reported 201 stock positions worth $5.0 billion. Its top holding was Microsoft (MSFT) at 5.2% of the portfolio, followed by Broadcom (AVGO, 4.4%) and JPMorgan Chase (JPM, 4.0%). Compared with Q4 2025, it opened 13 new positions, sold out of 24, added to 67 and reduced 82. The biggest buy was a new position in Sei Investments (SEIC) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −84%).
- Most Recent 13F
- Q2 2026
- Location
- Abilene, TX
- CIK
- 0000036029
- Portfolio Value
- $5.0B (Q1 2026)
- SEC Filing
- 0001193125-26-215873 ↗ filed May 11, 2026
Holdings Value
Holdings 201 stocks · $5.0B
| MSFT Microsoft Corp. | 5.19% | 694,837 | $257.2M | Add +10.0% |
| AVGO Broadcom Inc. | 4.38% | 700,962 | $217.0M | Add +1.1% |
| JPM JPMorgan Chase & Co. | 4.00% | 673,281 | $198.1M | Reduce -8.7% |
| BND Vanguard Total Bond Market | 3.95% | 2,655,286 | $195.5M | Add +0.4% |
| IJH iShares Core S&P Midcap ETF | 3.91% | 2,865,249 | $193.5M | Reduce -1.9% |
| AAPL Apple Inc. | 3.76% | 734,089 | $186.3M | Add +0.6% |
| GOOGL Alphabet Inc. Class A | 3.69% | 634,843 | $182.6M | Reduce -9.8% |
| JNJ Johnson & Johnson | 3.11% | 629,377 | $153.8M | Reduce -11.3% |
| VEA Vanguard Ftse Developed ETF | 2.72% | 2,098,908 | $134.5M | Reduce -0.6% |
| CVX Chevron Corp. | 2.68% | 640,274 | $132.5M | Add +0.6% |
| WMB Williams Cos Inc. | 2.11% | 1,432,519 | $104.3M | Reduce -0.6% |
| MCD McDonald's Corp. | 2.01% | 319,631 | $99.3M | Add +0.1% |
| NEE Nextera Energy Inc. | 1.87% | 996,001 | $92.5M | Add +0.8% |
| BX Blackstone Inc. | 1.81% | 780,212 | $89.7M | Add +6.2% |
| MRK Merck & Co. Inc. | 1.81% | 743,601 | $89.4M | Add +2.1% |
| NVDA Nvidia Corp. | 1.76% | 499,849 | $87.2M | Add +5.3% |
| PEP Pepsico Inc. | 1.74% | 554,758 | $86.1M | Add +3.1% |
| AEP American Electric Power | 1.73% | 652,133 | $85.5M | Add +0.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.72% | 1,745,626 | $85.1M | Add +1.7% |
| VCSH Vanguard S/T Corp. Bond ETF | 1.68% | 1,050,454 | $83.3M | Add +2.4% |
| KO The Coca-Cola Co. | 1.67% | 1,085,155 | $82.5M | Reduce -0.1% |
| META Meta Platforms Inc. Class A | 1.67% | 144,112 | $82.5M | Add +1.5% |
| HON Honeywell International Inc. | 1.66% | 363,949 | $82.3M | Reduce -0.0% |
| CSCO Cisco Systems Inc. | 1.66% | 1,057,729 | $82.1M | Add +0.4% |
| AMZN Amazon.com Inc. | 1.66% | 393,676 | $82.0M | Add +16.6% |
| AMGN Amgen Inc. | 1.58% | 222,175 | $78.2M | Reduce -0.1% |
| VGSH Vanguard Short-Term Treasury | 1.57% | 1,331,529 | $77.9M | Add +2.2% |
| ETN Eaton Corp. PLC | 1.52% | 210,038 | $75.1M | Reduce -17.2% |
| C Citigroup Inc. | 1.48% | 644,815 | $73.1M | Reduce -0.4% |
| AMT American Tower Corp. | 1.38% | 394,575 | $68.1M | Add +54.6% |
| BLK BlackRock Inc. | 1.34% | 69,021 | $66.4M | Add +0.4% |
| LMT Lockheed Martin Corp. | 1.32% | 108,509 | $65.6M | Reduce -0.0% |
| COP Conocophillips | 1.29% | 482,593 | $63.7M | Reduce -18.0% |
| MDT Medtronic PLC | 1.26% | 719,377 | $62.3M | Add +1.5% |
| LHX L3HARRIS Technologies Inc. | 1.18% | 168,722 | $58.2M | Reduce -0.7% |
| VWO Vanguard Ftse Emerging Marke | 1.04% | 949,065 | $51.3M | Add +0.4% |
| MU Micron Technology Inc. | 0.99% | 144,957 | $49.0M | Reduce -48.6% |
| MDLZ Mondelez International Inc. Class A | 0.98% | 844,872 | $48.7M | Add +8.0% |
| NI Nisource Inc. | 0.94% | 1,000,418 | $46.7M | Reduce -0.8% |
| VMBS Vanguard Mortgage-Backed Sec | 0.89% | 939,648 | $44.1M | Reduce -0.9% |
| NOW ServiceNow Inc. | 0.89% | 420,200 | $43.9M | Add +69.9% |
| SEIC Sei Investments Company | 0.88% | 554,178 | $43.5M | New |
| HD Home Depot Inc. | 0.87% | 131,045 | $43.1M | Add +2.5% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.84% | 903,189 | $41.4M | Reduce -1.8% |
| RF Regions Financial Corp. | 0.75% | 1,414,249 | $36.9M | Add +67.8% |
| UNP Union Pacific Corp. | 0.71% | 145,609 | $35.3M | Add +0.9% |
| NVS Novartis AG-Sponsored ADR | 0.71% | 230,854 | $35.3M | Add +2.7% |
| MA Mastercard Inc. Class A | 0.68% | 67,628 | $33.8M | Reduce -3.3% |
| KRE SS SPDR S&P Regional Bank | 0.62% | 469,340 | $30.6M | Reduce -4.7% |
| IJR iShares Core S&P Small-Cap E | 0.58% | 230,047 | $28.6M | Add +0.4% |
| VNQ Vanguard Real Estate ETF | 0.53% | 298,357 | $26.5M | Reduce -2.1% |
| ACDC Profrac Holding Corp. Class A | 0.49% | 3,889,478 | $24.1M | Reduce -0.6% |
| VGLT Vanguard Long-Term Treasury | 0.47% | 420,464 | $23.3M | Add +1.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.46% | 47,686 | $22.9M | Add +2082.4% |
| VCIT Vanguard Int-Term Corporate | 0.46% | 274,190 | $22.7M | Reduce -0.1% |
| SBUX Starbucks Corp. | 0.44% | 241,776 | $21.7M | Add +4.9% |
| IYT iShares US Transportation Et | 0.43% | 287,569 | $21.5M | Reduce -2.2% |
| WMT Walmart Inc. | 0.42% | 169,305 | $21.0M | Reduce -65.0% |
| EHC Encompass Health Corp. | 0.41% | 207,699 | $20.1M | New |
| ORCL Oracle Corp. | 0.34% | 114,550 | $16.9M | Add +5.3% |
| O Realty Income Corp. | 0.34% | 272,094 | $16.6M | Add +34.7% |
| BKNG Booking Holdings Inc. | 0.33% | 3,933 | $16.6M | Add +313.1% |
| SPGI S&P Global Inc. | 0.27% | 31,896 | $13.6M | Add +0.4% |
| UNH Unitedhealth Group Inc. | 0.26% | 46,833 | $12.7M | Add +15.5% |
| UTHR United Therapeutics Corp. | 0.25% | 20,710 | $12.3M | Reduce -1.5% |
| PFE Pfizer Inc. | 0.25% | 433,584 | $12.2M | Add +16.6% |
| ABT Abbott Laboratories | 0.24% | 116,115 | $11.9M | Add +3.4% |
| XOM Exxon Mobil Corp. | 0.17% | 50,338 | $8.5M | Add +3.9% |
| VOO Vanguard S&P 500 ETF | 0.15% | 12,800 | $7.6M | Reduce -83.6% |
| EFA iShares MSCI Eafe ETF | 0.15% | 77,525 | $7.5M | Add +2.3% |
| UBER Uber Technologies Inc. | 0.14% | 94,916 | $6.8M | Add +28.2% |
| PANW Palo Alto Networks Inc. | 0.12% | 38,089 | $6.1M | Add +4.5% |
| IVV iShares Core S&P 500 ETF | 0.12% | 9,304 | $6.1M | Reduce -10.8% |
| IWB iShares Russell 1000 ETF | 0.11% | 15,444 | $5.5M | Reduce -0.2% |
| ARE Alexandria Real Estate Equit | 0.11% | 116,813 | $5.4M | Add +17.2% |
| ISRG Intuitive Surgical Inc. | 0.11% | 11,430 | $5.3M | Add +1.8% |
| VT Vanguard Tot World STK ETF | 0.11% | 37,793 | $5.2M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.10% | 7,878 | $5.1M | Reduce -3.5% |
| NBIX Neurocrine Biosciences Inc. | 0.10% | 38,497 | $5.1M | Add +1.7% |
| PSX Phillips 66 | 0.10% | 27,202 | $5.0M | Reduce -5.7% |
| TEAM Atlassian Corp. Class A | 0.10% | 70,975 | $4.8M | New |
| TSLA Tesla Inc. | 0.08% | 11,030 | $4.1M | Add +2.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.08% | 43,887 | $4.0M | Add +574.7% |
| KRP Kimbell Royalty Partners LP | 0.08% | 270,159 | $3.9M | Add +14.0% |
| GOOG Alphabet Inc. Class C | 0.06% | 11,042 | $3.2M | Reduce -54.9% |
| IEFA iShares Core MSCI Eafe ETF | 0.06% | 34,383 | $3.1M | No change |
| KLAC KLA Corp. | 0.06% | 1,868 | $2.8M | Reduce -0.2% |
| EEM iShares MSCI Emerging Market | 0.05% | 43,894 | $2.5M | No change |
| MAIN Main Street Capital Corp. | 0.05% | 43,541 | $2.3M | Add +6.3% |
| AGG iShares Core U.S. Aggregate | 0.04% | 22,065 | $2.2M | No change |
| GE General Electric filed as GE AEROSPACE | 0.04% | 7,519 | $2.1M | Reduce -1.1% |
| SOLS Solstice Adv Materials Inc. | 0.04% | 26,320 | $2.0M | New |
| LRCX Lam Research Corp. | 0.03% | 7,119 | $1.5M | Reduce -1.1% |
| HYMC Hycroft Mining Holding Co. Class A | 0.03% | 40,500 | $1.4M | New |
| CAT Caterpillar Inc. | 0.03% | 1,929 | $1.4M | Reduce -3.5% |
| MCK McKesson Corp. | 0.03% | 1,477 | $1.3M | No change |
| RTX RTX Corp. | 0.02% | 5,813 | $1.1M | Add +0.5% |
| PB Prosperity Bancshares Inc. | 0.02% | 16,123 | $1.1M | Reduce -2.7% |
| T AT&T Inc. | 0.02% | 36,739 | $1.1M | Add +27.3% |
| V Visa Inc. Class A | 0.02% | 3,291 | $995K | Add +0.2% |
Portfolio Sells Q4 2025 → Q1 2026
| VOO Vanguard S&P 500 ETF | Reduce -83.6% | 0.15% | −0.83 |
| JPM JPMorgan Chase & Co. | Reduce -8.7% | 4.00% | −0.78 |
| GOOGL Alphabet Inc. Class A | Reduce -9.8% | 3.69% | −0.75 |
| WMT Walmart Inc. | Reduce -65.0% | 0.42% | −0.66 |
| MU Micron Technology Inc. | Reduce -48.6% | 0.99% | −0.63 |
| AVB Avalonbay Communities Inc. | Sold out | 0.00% | −0.29 |
| MA Mastercard Inc. Class A | Reduce -3.3% | 0.68% | −0.12 |
| ETN Eaton Corp. PLC | Reduce -17.2% | 1.52% | −0.11 |
| FTK Flotek Industries Inc. | Sold out | 0.00% | −0.10 |
| GOOG Alphabet Inc. Class C | Reduce -54.9% | 0.06% | −0.09 |
| C Citigroup Inc. | Reduce -0.4% | 1.48% | −0.04 |
| KRE SS SPDR S&P Regional Bank | Reduce -4.7% | 0.62% | −0.02 |
| AIG American International Group | Sold out | 0.00% | −0.02 |
| AON Aon PLC Class A | Sold out | 0.00% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -10.8% | 0.12% | −0.02 |
| D Dominion Energy Inc. | Sold out | 0.00% | −0.02 |
| FHN First Horizon Corp. | Sold out | 0.00% | −0.02 |
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −0.02 |
| NEM Newmont Corp. | Sold out | 0.00% | −0.02 |
| RNR Renaissancere Holdings Ltd. | Reduce -68.9% | 0.01% | −0.02 |
| MMM 3M Co. | Sold out | 0.00% | −0.01 |
| COF Capital One Financial Corp. | Sold out | 0.00% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -3.5% | 0.10% | −0.01 |
| RCL Royal Caribbean Cruises Ltd. | Sold out | 0.00% | −0.01 |
| VGIT Vanguard Intermediate-Term T | Sold out | 0.00% | −0.01 |
| VNQ Vanguard Real Estate ETF | Reduce -2.1% | 0.53% | −0.01 |
| AME Ametek Inc. | Sold out | 0.00% | −0.01 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -0.9% | 0.89% | −0.01 |
| IYT iShares US Transportation Et | Reduce -2.2% | 0.43% | −0.01 |
| VLTO Veralto Corp. | Sold out | 0.00% | −0.01 |
| TEL Te Connectivity PLC | Reduce -39.4% | 0.01% | −0.01 |
| RACE Ferrari NV | Sold out | 0.00% | −0.01 |
| CRH CRH PLC | Sold out | 0.00% | −0.01 |
| TT Trane Technologies PLC | Reduce -36.2% | 0.01% | −0.01 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -61.3% | 0.00% | −0.01 |
| MPC Marathon Petroleum Corp. | Reduce -63.0% | 0.01% | −0.01 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.01 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.01 |
| IWB iShares Russell 1000 ETF | Reduce -0.2% | 0.11% | −0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.00 |
| MS Morgan Stanley | Sold out | 0.00% | −0.00 |
| XYZ Block Inc. | Sold out | 0.00% | −0.00 |
| ILMN Illumina Inc. | Sold out | 0.00% | −0.00 |
| RKLB Rocket Lab Corp. | Sold out | 0.00% | −0.00 |
| VHT Vanguard Health Care ETF | Sold out | 0.00% | −0.00 |
| VCIT Vanguard Int-Term Corporate | Reduce -0.1% | 0.46% | −0.00 |
| GE General Electric | Reduce -1.1% | 0.04% | −0.00 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -10.5% | 0.02% | −0.00 |
| LVS Las Vegas Sands Corp. | Reduce -4.5% | 0.01% | −0.00 |
| CRM Salesforce Inc. | Reduce -2.7% | 0.01% | −0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| SEIC Sei Investments Company | New | 0.88% | +0.88 |
| CVX Chevron Corp. | Add +0.6% | 2.68% | +0.72 |
| AMT American Tower Corp. | Add +54.6% | 1.38% | +0.47 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +2082.4% | 0.46% | +0.44 |
| EHC Encompass Health Corp. | New | 0.41% | +0.41 |
| RF Regions Financial Corp. | Add +67.8% | 0.75% | +0.29 |
| NEE Nextera Energy Inc. | Add +0.8% | 1.87% | +0.27 |
| MRK Merck & Co. Inc. | Add +2.1% | 1.81% | +0.26 |
| BKNG Booking Holdings Inc. | Add +313.1% | 0.33% | +0.23 |
| AEP American Electric Power | Add +0.9% | 1.73% | +0.23 |
| PEP Pepsico Inc. | Add +3.1% | 1.74% | +0.19 |
| MDLZ Mondelez International Inc. Class A | Add +8.0% | 0.98% | +0.14 |
| NOW ServiceNow Inc. | Add +69.9% | 0.89% | +0.12 |
| O Realty Income Corp. | Add +34.7% | 0.34% | +0.11 |
| TEAM Atlassian Corp. Class A | New | 0.10% | +0.10 |
| NVS Novartis AG-Sponsored ADR | Add +2.7% | 0.71% | +0.09 |
| AMZN Amazon.com Inc. | Add +16.6% | 1.66% | +0.09 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +574.7% | 0.08% | +0.07 |
| PFE Pfizer Inc. | Add +16.6% | 0.25% | +0.06 |
| XOM Exxon Mobil Corp. | Add +3.9% | 0.17% | +0.06 |
| SBUX Starbucks Corp. | Add +4.9% | 0.44% | +0.05 |
| MCD McDonald's Corp. | Add +0.1% | 2.01% | +0.04 |
| UNP Union Pacific Corp. | Add +0.9% | 0.71% | +0.04 |
| SOLS Solstice Adv Materials Inc. | New | 0.04% | +0.04 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +2.4% | 1.68% | +0.04 |
| VGSH Vanguard Short-Term Treasury | Add +2.2% | 1.57% | +0.03 |
| HYMC Hycroft Mining Holding Co. Class A | New | 0.03% | +0.03 |
| CSCO Cisco Systems Inc. | Add +0.4% | 1.66% | +0.02 |
| IJR iShares Core S&P Small-Cap E | Add +0.4% | 0.58% | +0.02 |
| KRP Kimbell Royalty Partners LP | Add +14.0% | 0.08% | +0.02 |
| SKE Skeena Resources Ltd. | New | 0.02% | +0.02 |
| UBER Uber Technologies Inc. | Add +28.2% | 0.14% | +0.02 |
| ET Energy Transfer LP | New | 0.02% | +0.02 |
| VWO Vanguard Ftse Emerging Marke | Add +0.4% | 1.04% | +0.01 |
| ARE Alexandria Real Estate Equit | Add +17.2% | 0.11% | +0.01 |
| HBM Hudbay Minerals Inc. | New | 0.01% | +0.01 |
| TASEKO MINES LTD | New | 0.01% | +0.01 |
| T AT&T Inc. | Add +27.3% | 0.02% | +0.01 |
| VEU Vanguard Ftse All-World Ex-U | New | 0.01% | +0.01 |
| EFA iShares MSCI Eafe ETF | Add +2.3% | 0.15% | +0.01 |
| BND Vanguard Total Bond Market | Add +0.4% | 3.95% | +0.01 |
| BP BP PLC-Spons ADR | New | 0.00% | +0.00 |
| TPL Texas Pacific Land Corp. | New | 0.00% | +0.00 |
| VTEB Vanguard Tax-Exempt Bond ETF | New | 0.00% | +0.00 |
| IWR iShares Russell Mid-Cap ETF | Add +20.1% | 0.02% | +0.00 |
| GLD SPDR Gold Shares | Add +37.5% | 0.01% | +0.00 |
| VGLT Vanguard Long-Term Treasury | Add +1.1% | 0.47% | +0.00 |
| COST Costco Wholesale Corp. | Add +6.8% | 0.01% | +0.00 |
| FCX Freeport-McMoran Inc. | Add +2.3% | 0.01% | +0.00 |
| RTX RTX Corp. | Add +0.5% | 0.02% | +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 |