FIRST FINANCIAL BANKSHARES INC — 13F Holdings & Portfolio
CIK 36029 · latest 13F-HR filed 2026-05-11
FIRST FINANCIAL BANKSHARES INC manages $4.95B in 13F-reported U.S. long-equity assets across 201 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are MSFT (5.19%), AVGO (4.38%), JPM (4.00%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 13 new positions, exited 24, added to 74, and trimmed 71.
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.
$4.95B
Long-equity book
201
Distinct positions
2026-03-31
Filed 2026-05-11
+13 / −24 / ↑74 / ↓71
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- CHEVRON CORPORATION$35.5M +36.5%
- AMERICAN TOWER CORP$23.3M +52.0%
- BERKSHIRE HATHAWAY INC DEL$21.8M +1980.6%
- WILLIAMS COS INC$17.6M +20.4%
- REGIONS FINANCIAL CORP NEW$14.1M +61.7%
Top Trims
- MICROSOFT CORP-$48.2M -15.8%
- VANGUARD INDEX FDS-$41.3M -84.4%
- JPMORGAN CHASE & CO-$39.5M -16.6%
- ALPHABET INC-$37.8M -17.2%
- WALMART INC-$32.8M -60.9%
New Positions
- SEI INVTS CO$43.5M
- ENCOMPASS HEALTH CORP$20.1M
- ATLASSIAN CORPORATION$4.8M
- SOLSTICE ADVANCED MATLS INC$2.0M
- HYCROFT MINING HOLDING CORP$1.4M
Exited Positions
- AVALONBAY CMNTYS INC$14.2M
- FLOTEK INDS INC DEL$5.0M
- AMERICAN INTL GROUP INC$1.1M
- AON PLC$1.1M
- DOMINION ENERGY INC$960.0K
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 | $257.2M | 5.19% | 694,837 | SH |
| 2 | BROADCOM INC | AVGO | 11135F101 | $217.0M | 4.38% | 700,962 | SH |
| 3 | JPMORGAN CHASE & CO | JPM | 46625H100 | $198.1M | 4.00% | 673,281 | SH |
| 4 | VANGUARD BD INDEX FDS | BND | 921937835 | $195.5M | 3.95% | 2,655,286 | SH |
| 5 | ISHARES TR | IJH | 464287507 | $193.5M | 3.91% | 2,865,249 | SH |
| 6 | APPLE INC | AAPL | 037833100 | $186.3M | 3.76% | 734,089 | SH |
| 7 | ALPHABET INC | GOOGL | 02079K305 | $182.6M | 3.69% | 634,843 | SH |
| 8 | JOHNSON & JOHNSON | JNJ | 478160104 | $153.8M | 3.11% | 629,377 | SH |
| 9 | VANGUARD TAX-MANAGED FDS | VEA | 921943858 | $134.5M | 2.72% | 2,098,908 | SH |
| 10 | CHEVRON CORPORATION | CVX | 166764100 | $132.5M | 2.68% | 640,274 | SH |
| 11 | WILLIAMS COS INC | WMB | 969457100 | $104.3M | 2.11% | 1,432,519 | SH |
| 12 | MCDONALDS CORP | MCD | 580135101 | $99.3M | 2.01% | 319,631 | SH |
| 13 | NEXTERA ENERGY INC | NEE | 65339F101 | $92.5M | 1.87% | 996,001 | SH |
| 14 | BLACKSTONE INC | BX | 09260D107 | $89.7M | 1.81% | 780,212 | SH |
| 15 | MERCK & CO INC | MRK | 58933Y105 | $89.4M | 1.81% | 743,601 | SH |
| 16 | NVIDIA CORPORATION | NVDA | 67066G104 | $87.2M | 1.76% | 499,849 | SH |
| 17 | PEPSICO INC | PEP | 713448108 | $86.1M | 1.74% | 554,758 | SH |
| 18 | AMERICAN ELEC PWR CO INC | AEP | 025537101 | $85.5M | 1.73% | 652,133 | SH |
| 19 | BANK AMERICA CORP | BAC | 060505104 | $85.1M | 1.72% | 1,745,626 | SH |
| 20 | VANGUARD SCOTTSDALE FDS | VCSH | 92206C409 | $83.3M | 1.68% | 1,050,454 | SH |
| 21 | COCA COLA CO | KO | 191216100 | $82.5M | 1.67% | 1,085,155 | SH |
| 22 | META PLATFORMS INC | META | 30303M102 | $82.5M | 1.67% | 144,112 | SH |
| 23 | HONEYWELL INTL INC | HON | 438516106 | $82.3M | 1.66% | 363,949 | SH |
| 24 | CISCO SYS INC | CSCO | 17275R102 | $82.1M | 1.66% | 1,057,729 | SH |
| 25 | AMAZON COM INC | AMZN | 023135106 | $82.0M | 1.66% | 393,676 | SH |
| 26 | AMGEN INC | AMGN | 031162100 | $78.2M | 1.58% | 222,175 | SH |
| 27 | VANGUARD SCOTTSDALE FDS | VGSH | 92206C102 | $77.9M | 1.57% | 1,331,529 | SH |
| 28 | EATON CORP PLC | ETN | G29183103 | $75.1M | 1.52% | 210,038 | SH |
| 29 | CITIGROUP INC | C | 172967424 | $73.1M | 1.48% | 644,815 | SH |
| 30 | AMERICAN TOWER CORP | AMT | 03027X100 | $68.1M | 1.38% | 394,575 | SH |
| 31 | BLACKROCK INC | BLK | 09290D101 | $66.4M | 1.34% | 69,021 | SH |
| 32 | LOCKHEED MARTIN CORP | LMT | 539830109 | $65.6M | 1.32% | 108,509 | SH |
| 33 | CONOCOPHILLIPS | COP | 20825C104 | $63.7M | 1.29% | 482,593 | SH |
| 34 | MEDTRONIC PLC | MDT | G5960L103 | $62.3M | 1.26% | 719,377 | SH |
| 35 | L3HARRIS TECHNOLOGIES INC | LHX | 502431109 | $58.2M | 1.18% | 168,722 | SH |
| 36 | VANGUARD INTL EQUITY INDEX F | VWO | 922042858 | $51.3M | 1.04% | 949,065 | SH |
| 37 | MICRON TECHNOLOGY INC | MU | 595112103 | $49.0M | 0.99% | 144,957 | SH |
| 38 | MONDELEZ INTL INC | MDLZ | 609207105 | $48.7M | 0.98% | 844,872 | SH |
| 39 | NISOURCE INC | NI | 65473P105 | $46.7M | 0.94% | 1,000,418 | SH |
| 40 | VANGUARD SCOTTSDALE FDS | VMBS | 92206C771 | $44.1M | 0.89% | 939,648 | SH |
| 41 | SERVICENOW INC | NOW | 81762P102 | $43.9M | 0.89% | 420,200 | SH |
| 42 | SEI INVTS CO | SEIC | 784117103 | $43.5M | 0.88% | 554,178 | SH |
| 43 | HOME DEPOT INC | HD | 437076102 | $43.1M | 0.87% | 131,045 | SH |
| 44 | SELECT SECTOR SPDR TR | XLU | 81369Y886 | $41.4M | 0.84% | 903,189 | SH |
| 45 | REGIONS FINANCIAL CORP NEW | RF | 7591EP100 | $36.9M | 0.75% | 1,414,249 | SH |
| 46 | UNION PAC CORP | UNP | 907818108 | $35.3M | 0.71% | 145,609 | SH |
| 47 | NOVARTIS AG | NVS | 66987V109 | $35.3M | 0.71% | 230,854 | SH |
| 48 | MASTERCARD INCORPORATED | MA | 57636Q104 | $33.8M | 0.68% | 67,628 | SH |
| 49 | SPDR SERIES TRUST | KRE | 78464A698 | $30.6M | 0.62% | 469,340 | SH |
| 50 | ISHARES TR | IJR | 464287804 | $28.6M | 0.58% | 230,047 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 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 |