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First Financial Bankshares Inc — 13F Holdings & Portfolio

CIK 36029 · latest 13F-HR filed 2026-08-11

Backtest portfolio

First Financial Bankshares Inc manages $5.34B in 13F-reported U.S. long-equity assets across 210 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are MSFT (5.04%), AVGO (4.89%), GOOGL (4.29%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 18 new positions and exited 9; 109 existing positions rose in reported value and 42 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$5.34B

Long-equity book

Holdings
210

Distinct positions

Period
2026-06-30

Filed 2026-08-11

Q/Q Activity
+18 / −9 / ↑109 / ↓42

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
MSFT5.0% · +4%AVGO4.9% · -1%GOOGL4.3% · +1%IJH4.2% · +2%JPM4.1% · +0%AAPL4.0% · +0%BND3.6% · -2%JNJ3.0% · +2%VEA2.8% · +0%MU2.4% · -22%CSCO2.3% · -2%CVX2.0% · +1%WMB2.0% · +0%NVDA1.9% · +4%BAC1.9% · +0%MCD1.8% · +14%MRK1.8% · +1%AMZN1.8% · +2%BX1.7% · -0%AEP1.7% · +1%ETN1.7% · +0%KO1.7% · +1%NEE1.7% · +2%C1.7% · -2%VCSH1.6% · +3%META1.6% · +3%AMGN1.5% · +1%VGSH1.5% · +2%PEP1.4% · +2%BLK1.3% · +1%AMT1.2% · +1%MDT1.1% · +5%VWO1.1% · +2%LMT1.1% · +3%IJR1.0% · +52%COP0.9% · +0%LHX0.9% · +1%MDLZ0.9% · +1%SEIC0.9% · -0%NOW0.9% · +14%NI0.9% · -1%HD0.9% · +1%RF0.8% · +1%UNP0.7% · +1%NVS0.7% · +2%BRK.B0.7% · +51%KRE0.7% · +3%MA0.7% · +3%VMBS0.6% · -26%VNQ0.5% · +1%XLU0.5% · -33%FSCC0.5% · newIYT0.5% · +1%SBUX0.5% · -0%VGLT0.4% · +3%VCIT0.4% · +1%ACDC0.4% · -1%EHC0.4% · +3%ORCL0.4% · +24%WMT0.4% · +2%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 38.4%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

First Financial Bankshares Inc Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 MICROSOFT CORP MSFT 594918104 $269.5M 5.04% 722,473 SH
2 BROADCOM INC AVGO 11135F101 $261.1M 4.89% 691,324 SH
3 ALPHABET INC GOOGL 02079K305 $229.3M 4.29% 641,522 SH
4 ISHARES TR IJH 464287507 $225.7M 4.22% 2,927,410 SH
5 JPMORGAN CHASE & CO JPM 46625H100 $220.8M 4.13% 674,682 SH
6 APPLE INC AAPL 037833100 $213.1M 3.99% 736,559 SH
7 VANGUARD BD INDEX FDS BND 921937835 $190.4M 3.56% 2,593,332 SH
8 JOHNSON & JOHNSON JNJ 478160104 $162.3M 3.04% 638,883 SH
9 VANGUARD TAX-MANAGED FDS VEA 921943858 $150.1M 2.81% 2,106,653 SH
10 MICRON TECHNOLOGY INC MU 595112103 $130.2M 2.44% 112,800 SH
11 CISCO SYS INC CSCO 17275R102 $121.6M 2.28% 1,035,061 SH
12 CHEVRON CORPORATION CVX 166764100 $107.1M 2.00% 646,295 SH
13 WILLIAMS COS INC WMB 969457100 $106.7M 2.00% 1,435,873 SH
14 NVIDIA CORPORATION NVDA 67066G104 $103.9M 1.94% 519,194 SH
15 BANK OF AMER CORP BAC 060505104 $99.9M 1.87% 1,753,292 SH
16 MCDONALDS CORP MCD 580135101 $98.0M 1.83% 362,689 SH
17 MERCK & CO INC MRK 58933Y105 $96.7M 1.81% 752,788 SH
18 AMAZON COM INC AMZN 023135106 $95.2M 1.78% 399,513 SH
19 BLACKSTONE INC BX 09260D107 $91.7M 1.72% 779,459 SH
20 AMERICAN ELEC PWR CO INC AEP 025537101 $90.0M 1.68% 657,656 SH
21 EATON CORP PLC ETN G29183103 $89.9M 1.68% 210,897 SH
22 COCA COLA CO KO 191216100 $89.1M 1.67% 1,096,417 SH
23 NEXTERA ENERGY INC NEE 65339F101 $88.8M 1.66% 1,011,628 SH
24 CITIGROUP INC C 172967424 $88.7M 1.66% 633,576 SH
25 VANGUARD SCOTTSDALE FDS VCSH 92206C409 $85.2M 1.59% 1,077,848 SH
26 META PLATFORMS INC META 30303M102 $83.4M 1.56% 148,035 SH
27 AMGEN INC AMGN 031162100 $81.4M 1.52% 224,652 SH
28 VANGUARD SCOTTSDALE FDS VGSH 92206C102 $78.9M 1.48% 1,356,427 SH
29 PEPSICO INC PEP 713448108 $76.7M 1.44% 566,395 SH
30 BLACKROCK INC BLK 09290D101 $66.9M 1.25% 69,577 SH
31 AMERICAN TOWER CORP AMT 03027X100 $65.4M 1.22% 399,557 SH
32 MEDTRONIC PLC MDT G5960L103 $58.9M 1.10% 752,965 SH
33 VANGUARD INTL EQUITY INDEX F VWO 922042858 $57.9M 1.08% 969,922 SH
34 LOCKHEED MARTIN CORP LMT 539830109 $56.7M 1.06% 111,296 SH
35 ISHARES TR IJR 464287804 $52.0M 0.97% 350,599 SH
36 CONOCOPHILLIPS COP 20825C104 $50.3M 0.94% 483,440 SH
37 L3HARRIS TECHNOLOGIES INC LHX 502431109 $49.7M 0.93% 170,997 SH
38 MONDELEZ INTL INC MDLZ 609207105 $49.2M 0.92% 850,102 SH
39 SEI INVTS CO SEIC 784117103 $48.5M 0.91% 552,780 SH
40 SERVICENOW INC NOW 81762P102 $47.7M 0.89% 480,661 SH
41 NISOURCE INC NI 65473P105 $47.2M 0.88% 991,625 SH
42 HOME DEPOT INC HD 437076102 $46.8M 0.88% 132,744 SH
43 REGIONS FINANCIAL CORP NEW RF 7591EP100 $43.0M 0.80% 1,422,410 SH
44 UNION PAC CORP UNP 907818108 $39.9M 0.75% 146,588 SH
45 NOVARTIS AG NVS 66987V109 $36.7M 0.69% 234,315 SH
46 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $36.1M 0.68% 72,169 SH
47 SPDR SERIES TRUST KRE 78464A698 $36.0M 0.67% 481,339 SH
48 MASTERCARD INCORPORATED MA 57636Q104 $35.8M 0.67% 69,788 SH
49 VANGUARD SCOTTSDALE FDS VMBS 92206C771 $32.6M 0.61% 697,422 SH
50 VANGUARD INDEX FDS VNQ 922908553 $29.1M 0.55% 302,072 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-11 $5.34B 210 0001193125-26-343506
2026-03-31 2026-05-11 $4.95B 201 0001193125-26-215873
2025-12-31 2026-02-12 $4.97B 212 0001193125-26-047561
2025-09-30 2025-11-10 $4.87B 234 0001193125-25-274203
Filer Information
Address
400 PINE STREET
ABILENE, TX 79601
Phone
(325) 627-7361
Filing Manager
First Financial Bankshares Inc
Abilene, TX
Signatory
Michelle S. Hickox
EVP, CFO