FIRST FINANCIAL BANKSHARES INC

Institutional InvestorSimilar funds →SEC EDGAR: CIK 36029
Institutional-grade research for retail investors

13F Reported Value

$5.0B

Holdings

201

Latest Filing

2026-03-31

Filing Quarter

Q1 2026

Portfolio Overview

FIRST FINANCIAL BANKSHARES INC disclosed 201 positions worth $5.0B in its Form 13F-HR for Q1 2026, led by $MSFT (MICROSOFT CORP) at 5.2% of the equity portfolio, followed by $AVGO and $JPM. During the quarter the fund opened 13 new positions and exited 24 — including a new stake in $SEIC and a full exit from $AVB. The portfolio is most concentrated in Technology (26.2% of disclosed assets). All figures are sourced directly from FIRST FINANCIAL BANKSHARES INC’s Form 13F-HR filing with the SEC under CIK 36029.

Sector Allocation

TechnologyOtherFinancialsHealthcareEnergyConsumer Discretionary

AUM History

Top Equity Holdings by Value

Quarterly Activity — Q1 2026

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Top Holdings

AI Quality Scored

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32-signal composite ranking on each of FIRST FINANCIAL BANKSHARES INC's 201 positions.

Showing top 10 of 201 holdings.

Sector Allocation

Technology

$1.3B

Other

$1.0B

Financials

$669.7M

Healthcare

$503.4M

Energy

$345.5M

Consumer Discretionary

$287.1M

Industrials

$275.4M

Utilities

$227.0M

Full Holdings — FIRST FINANCIAL BANKSHARES INC (Q1 2026)

All 201 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#TickerCompanyValueWeightQoQQuality
1MSFT$MSFTMICROSOFT CORP$257.2M5.2%+10%83.7
2AVGO$AVGOBroadcom Inc.$217.0M4.4%+1%86.4
3JPM$JPMJPMORGAN CHASE & CO$198.1M4.0%-9%35.6
4VANGUARD BD INDEX FDS$195.5M4.0%+0%
5ISHARES TR$193.5M3.9%-2%
6AAPL$AAPLApple Inc.$186.3M3.8%+1%76.1
7GOOG$GOOGAlphabet Inc.$182.6M3.7%-10%80.2
8JNJ$JNJJOHNSON & JOHNSON$153.8M3.1%-11%72.8
9VANGUARD TAX-MANAGED FDS$134.5M2.7%-1%
10CVX$CVXCHEVRON CORP$132.5M2.7%+1%54.7
11WMB$WMBWILLIAMS COMPANIES, INC.$104.3M2.1%-1%72.8
12MCD$MCDMCDONALDS CORP$99.3M2.0%+0%73.9
13NEE$NEENEXTERA ENERGY INC$92.5M1.9%+1%71.7
14BX$BXBlackstone Inc.$89.7M1.8%+6%68
15MRK$MRKMerck & Co., Inc.$89.4M1.8%+2%70.9
16NVDA$NVDANVIDIA CORP$87.2M1.8%+5%90.2
17PEP$PEPPEPSICO INC$86.1M1.7%+3%62.7
18AEP$AEPAMERICAN ELECTRIC POWER CO INC$85.5M1.7%+1%75.4
19BAC$BACBANK OF AMERICA CORP /DE/$85.1M1.7%+2%68.4
20VANGUARD SCOTTSDALE FDS$83.3M1.7%+2%
21KO$KOCOCA COLA CO$82.5M1.7%-0%74
22META$METAMeta Platforms, Inc.$82.5M1.7%+2%80.9
23HON$HONHONEYWELL INTERNATIONAL INC$82.3M1.7%-0%65.7
24CSCO$CSCOCISCO SYSTEMS, INC.$82.1M1.7%+0%72.3
25AMZN$AMZNAMAZON COM INC$82.0M1.7%+17%74.6
26AMGN$AMGNAMGEN INC$78.2M1.6%-0%79.5
27VANGUARD SCOTTSDALE FDS$77.9M1.6%+2%
28ETN$ETNEaton Corp plc$75.1M1.5%-17%
29C$CCITIGROUP INC$73.1M1.5%-0%54.8
30AMT$AMTAMERICAN TOWER CORP /MA/$68.1M1.4%+55%69.8
31BLK$BLKBlackRock, Inc.$66.4M1.3%+0%70.3
32LMT$LMTLOCKHEED MARTIN CORP$65.6M1.3%-0%65
33COP$COPCONOCOPHILLIPS$63.7M1.3%-18%74.8
34MDT$MDTMedtronic plc$62.3M1.3%+2%
35LHX$LHXL3HARRIS TECHNOLOGIES, INC. /DE/$58.2M1.2%-1%66.5
36VANGUARD INTL EQUITY INDEX F$51.3M1.0%+0%
37MU$MUMICRON TECHNOLOGY INC$49.0M1.0%-49%88.4
38MDLZ$MDLZMondelez International, Inc.$48.7M1.0%+8%53.9
39NI$NINISOURCE INC.$46.7M0.9%-1%61.7
40VANGUARD SCOTTSDALE FDS$44.1M0.9%-1%
41NOW$NOWServiceNow, Inc.$43.9M0.9%+70%76
42SEIC$SEICSEI INVESTMENTS CO$43.5M0.9%NEW77.9
43HD$HDHOME DEPOT, INC.$43.1M0.9%+3%69.2
44SELECT SECTOR SPDR TR$41.4M0.8%-2%
45RF$RFREGIONS FINANCIAL CORP$36.9M0.8%+68%
46UNP$UNPUNION PACIFIC CORP$35.3M0.7%+1%74
47NVS$NVSNOVARTIS AG$35.3M0.7%+3%
48MA$MAMastercard Inc$33.8M0.7%-3%81.7
49SPDR SERIES TRUST$30.6M0.6%-5%
50ISHARES TR$28.6M0.6%+0%
51VANGUARD INDEX FDS$26.5M0.5%-2%
52ACDC$ACDCProFrac Holding Corp.$24.1M0.5%-1%29.1
53VANGUARD SCOTTSDALE FDS$23.3M0.5%+1%
54BRK.B$BRK.BBERKSHIRE HATHAWAY INC$22.9M0.5%+2082%64.5
55VANGUARD SCOTTSDALE FDS$22.7M0.5%-0%
56SBUX$SBUXSTARBUCKS CORP$21.7M0.4%+5%54.6
57ISHARES TR$21.5M0.4%-2%
58WMT$WMTWalmart Inc.$21.0M0.4%-65%63.2
59EHC$EHCEncompass Health Corp$20.1M0.4%NEW68.9
60ORCL$ORCLORACLE CORP$16.9M0.3%+5%67.2
61O$OREALTY INCOME CORP$16.6M0.3%+35%74.6
62BKNG$BKNGBooking Holdings Inc.$16.6M0.3%+313%55.3
63SPGI$SPGIS&P Global Inc.$13.6M0.3%+0%79.4
64UNH$UNHUNITEDHEALTH GROUP INC$12.7M0.3%+16%66.8
65UTHR$UTHRUNITED THERAPEUTICS Corp$12.3M0.3%-2%80.1
66PFE$PFEPFIZER INC$12.2M0.3%+17%69
67ABT$ABTABBOTT LABORATORIES$11.9M0.2%+3%67
68XOM$XOMEXXON MOBIL CORP$8.5M0.2%+4%61.8
69VANGUARD INDEX FDS$7.6M0.1%-84%
70ISHARES TR$7.5M0.1%+2%
71UBER$UBERUber Technologies, Inc$6.8M0.1%+28%79.3
72PANW$PANWPalo Alto Networks Inc$6.1M0.1%+5%66.5
73ISHARES TR$6.1M0.1%-11%
74ISHARES TR$5.5M0.1%-0%
75ARE$AREALEXANDRIA REAL ESTATE EQUITIES, INC.$5.4M0.1%+17%45.1
76ISRG$ISRGINTUITIVE SURGICAL INC$5.3M0.1%+2%81.4
77DOV$DOVDOVER Corp$5.2M0.1%+0%63.1
78SPY$SPYSPDR S&P 500 ETF TRUST$5.1M0.1%-3%
79NBIX$NBIXNEUROCRINE BIOSCIENCES INC$5.1M0.1%+2%75.4
80PSX$PSXPhillips 66$5.0M0.1%-6%47.6
81TEAM$TEAMAtlassian Corp$4.8M0.1%NEW56.8
82TSLA$TSLATesla, Inc.$4.1M0.1%+2%50.1
83SPDR SERIES TRUST$4.0M0.1%+575%
84KRP$KRPKimbell Royalty Partners, LP$3.9M0.1%+14%68.1
85GOOGL$GOOGLAlphabet Inc.$3.2M0.1%-55%80.2
86ISHARES TR$3.1M0.1%+0%
87KLAC$KLACKLA CORP$2.8M0.1%-0%84.4
88ISHARES TR$2.5M0.1%+0%
89MAIN$MAINMain Street Capital CORP$2.3M0.1%+6%
90ISHARES TR$2.2M0.0%+0%
91GE$GEGENERAL ELECTRIC CO$2.1M0.0%-1%74.8
92SOLS$SOLSSolstice Advanced Materials Inc.$2.0M0.0%NEW
93LRCX$LRCXLAM RESEARCH CORP$1.5M0.0%-1%82.4
94HYMC$HYMCHYCROFT MINING HOLDING CORP$1.4M0.0%NEW
95CAT$CATCATERPILLAR INC$1.4M0.0%-4%67.8
96MCK$MCKMCKESSON CORP$1.3M0.0%+0%63.7
97RTX$RTXRTX Corp$1.1M0.0%+1%70
98PB$PBPROSPERITY BANCSHARES INC$1.1M0.0%-3%
99T$TAT&T INC.$1.1M0.0%+27%71.9
100V$VVISA INC.$994,6720.0%+0%83.5
101ISHARES TR$991,3570.0%+20%
102SMBC$SMBCSOUTHERN MISSOURI BANCORP, INC.$983,8450.0%+0%
103ABBV$ABBVAbbVie Inc.$959,1310.0%-5%59.3
104SKE$SKESkeena Resources Ltd$901,8240.0%NEW
105RSG$RSGREPUBLIC SERVICES, INC.$878,7080.0%+0%72
106CHE$CHECHEMED CORP$871,8240.0%-0%67.2
107MAR$MARMARRIOTT INTERNATIONAL INC /MD/$864,4460.0%+0%65.9
108LLY$LLYELI LILLY & Co$825,0340.0%+0%89.3
109QQQ$QQQINVESCO QQQ TRUST, SERIES 1$820,7500.0%-11%
110SCHWAB STRATEGIC TR$786,5840.0%+5%
111CL$CLCOLGATE PALMOLIVE CO$762,5530.0%-0%72.4
112ET$ETEnergy Transfer LP$754,9970.0%NEW64.5
113VLO$VLOVALERO ENERGY CORP/TX$728,8860.0%+0%51.4
114RDNW$RDNWRideNow Group, Inc.$708,3930.0%+0%31.2
115PAGP$PAGPPLAINS GP HOLDINGS LP$698,4630.0%+0%52.9
116GEV$GEVGE Vernova Inc.$670,3870.0%-4%70.1
117TT$TTTrane Technologies plc$661,3660.0%-36%
118DE$DEDEERE & CO$628,6430.0%-1%57.4
119CSX$CSXCSX CORP$618,0490.0%-2%66.4
120TMO$TMOTHERMO FISHER SCIENTIFIC INC.$616,8700.0%-2%63.7
121VZ$VZVERIZON COMMUNICATIONS INC$586,0350.0%-2%71.6
122COST$COSTCOSTCO WHOLESALE CORP /NEW$574,9400.0%+7%67
123CMI$CMICUMMINS INC$569,2250.0%-1%58.9
124NFLX$NFLXNETFLIX INC$569,2080.0%-3%86.7
125VANGUARD SCOTTSDALE FDS$554,2640.0%+0%
126VANGUARD INDEX FDS$532,5450.0%+0%
127FERG$FERGFerguson Enterprises Inc. /DE/$524,1350.0%-12%58.9
128HBM$HBMHudbay Minerals Inc.$516,3350.0%NEW
129TGB$TGBTrekor Metals Ltd$512,1430.0%NEW
130LVS$LVSLAS VEGAS SANDS CORP$478,5620.0%-4%73.7
131GLD$GLDSPDR GOLD TRUST$473,7490.0%+37%
132VANGUARD INDEX FDS$468,3130.0%+0%
133MSIF$MSIFMSC INCOME FUND, INC.$468,1380.0%+0%
134ISHARES TR$455,3950.0%-11%
135NSC$NSCNORFOLK SOUTHERN CORP$442,8410.0%+3%70.8
136FCX$FCXFREEPORT-MCMORAN INC$436,9120.0%+2%73.1
137PG$PGPROCTER & GAMBLE Co$427,9760.0%-1%72.9
138SLB$SLBSLB LIMITED/NV$410,2460.0%-18%63.2
139MDY$MDYSPDR S&P MIDCAP 400 ETF TRUST$403,3610.0%+0%
140TY$TYTRI-CONTINENTAL Corp$401,8250.0%+0%
141GD$GDGENERAL DYNAMICS CORP$401,2240.0%-2%73
142LOW$LOWLOWES COMPANIES INC$400,2580.0%-9%63.5
143FANG$FANGDiamondback Energy, Inc.$393,4040.0%-2%81.4
144TEL$TELTE Connectivity plc$392,3310.0%-39%
145STX$STXSeagate Technology Holdings plc$391,7600.0%+0%
146ISHARES TR$387,4680.0%-1%
147NOC$NOCNORTHROP GRUMMAN CORP /DE/$385,4660.0%+0%60.5
148RNR$RNRRENAISSANCERE HOLDINGS LTD$381,6430.0%-69%
149AMAT$AMATAPPLIED MATERIALS INC /DE$380,7540.0%-7%74.8
150VANGUARD WORLD FD$379,5600.0%+0%
151TXN$TXNTEXAS INSTRUMENTS INC$377,4080.0%+6%70.4
152TSM$TSMTAIWAN SEMICONDUCTOR MANUFACTURING CO LTD$362,9580.0%-3%
153MPC$MPCMarathon Petroleum Corp$357,2350.0%-63%50.7
154VANGUARD WORLD FD$350,1700.0%+0%
155GLW$GLWCORNING INC /NY$341,9650.0%+0%72.7
156FTNT$FTNTFortinet, Inc.$340,6910.0%-0%78.1
157ETR$ETRENTERGY CORP /DE/$337,6420.0%+0%65.1
158CEG$CEGConstellation Energy Corp$333,7040.0%-3%62.5
159VEEV$VEEVVEEVA SYSTEMS INC$326,0250.0%+0%77.8
160NUE$NUENUCOR CORP$316,8930.0%+4%58.9
161FDX$FDXFEDEX CORP$316,6440.0%-4%60.3
162DUK$DUKDuke Energy CORP$315,6960.0%+1%64
163VANGUARD INTL EQUITY INDEX F$310,1630.0%NEW
164PM$PMPhilip Morris International Inc.$310,0130.0%+2%80.5
165ITW$ITWILLINOIS TOOL WORKS INC$309,2250.0%+1%71.2
166SPDR SERIES TRUST$298,3200.0%+0%
167TGT$TGTTARGET CORP$298,1520.0%+0%53.1
168AFL$AFLAFLAC INC$291,8290.0%-2%60.3
169AMD$AMDADVANCED MICRO DEVICES INC$280,5300.0%-18%78.8
170CRM$CRMSalesforce, Inc.$278,5120.0%-3%75.2
171UPS$UPSUNITED PARCEL SERVICE INC$276,7430.0%+13%58.2
172AIZ$AIZASSURANT, INC.$259,4120.0%-19%62.6
173PBT$PBTPERMIAN BASIN ROYALTY TRUST$258,2400.0%+0%
174VANGUARD INDEX FDS$253,5800.0%+0%
175SO$SOSOUTHERN CO$253,0750.0%-25%65.1
176VST$VSTVistra Corp.$252,7050.0%+0%62.9
177SELECT SECTOR SPDR TR$247,4780.0%+0%
178SELECT SECTOR SPDR TR$246,6380.0%-11%
179ADP$ADPAUTOMATIC DATA PROCESSING INC$242,8000.0%-0%77.9
180BP$BPBP PLC$241,1570.0%NEW
181SELECT SECTOR SPDR TR$239,2470.0%+0%
182COO$COOCOOPER COMPANIES, INC.$239,0960.0%+0%55.8
183CAVA$CAVACAVA GROUP, INC.$238,2510.0%-48%62.7
184IAUM$IAUMiShares Gold Trust Micro$234,9940.0%+0%
185CME$CMECME GROUP INC.$232,7360.0%-26%74.5
186TPL$TPLTexas Pacific Land Corp$232,5340.0%NEW79.1
187ISHARES TR$231,8550.0%+0%
188HPE$HPEHewlett Packard Enterprise Co$231,5280.0%-12%52.5
189SGOL$SGOLabrdn Gold ETF Trust$227,5620.0%+0%
190CPT$CPTCAMDEN PROPERTY TRUST$224,9110.0%-8%69.4
191CRWD$CRWDCrowdStrike Holdings, Inc.$224,8760.0%-0%55
192GS$GSGOLDMAN SACHS GROUP INC$224,1870.0%-4%
193MSTR$MSTRStrategy Inc$218,8990.0%+0%25.4
194IVZ$IVZInvesco Ltd.$218,1030.0%+0%
195VANGUARD MUN BD FDS$216,2230.0%NEW
196HUBB$HUBBHUBBELL INC$215,4350.0%-4%68.7
197SCHW$SCHWSCHWAB CHARLES CORP$213,6170.0%-2%77.2
198QCOM$QCOMQUALCOMM INC/DE$213,5170.0%+1%81.9
199ISHARES INC$205,0670.0%-61%
200SJT$SJTSAN JUAN BASIN ROYALTY TRUST$180,3750.0%+0%
201ANGEL OAK FUNDS TRUST$150,5190.0%+0%

New Positions (13)

SEIC$SEIC SEI INVESTMENTS CO$43.5M
EHC$EHC Encompass Health Corp$20.1M
TEAM$TEAM Atlassian Corp$4.8M
SOLS$SOLS Solstice Advanced Materials Inc.$2.0M
HYMC$HYMC HYCROFT MINING HOLDING CORP$1.4M
SKE$SKE Skeena Resources Ltd$901,824
ET$ET Energy Transfer LP$754,997
HBM$HBM Hudbay Minerals Inc.$516,335
TGB$TGB Trekor Metals Ltd$512,143
VANGUARD INTL EQUITY INDEX F$310,163
BP$BP BP PLC$241,157
TPL$TPL Texas Pacific Land Corp$232,534
VANGUARD MUN BD FDS$216,223

Exited Positions (24)

AVB$AVB AVALONBAY COMMUNITIES INC
FTK$FTK FLOTEK INDUSTRIES INC/CN/
AIG$AIG AMERICAN INTERNATIONAL GROUP, INC.
AON$AON Aon plc
D$D DOMINION ENERGY, INC
FHN$FHN FIRST HORIZON CORP
GILD$GILD GILEAD SCIENCES, INC.
NEM$NEM NEWMONT Corp /DE/
MMM$MMM 3M CO
COF$COF CAPITAL ONE FINANCIAL CORP
RCL$RCL ROYAL CARIBBEAN CRUISES LTD
VANGUARD SCOTTSDALE FDS - INTER TERM TREAS
AME$AME AMETEK INC/
VLTO$VLTO Veralto Corp
RACE$RACE Ferrari N.V.

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