# First Financial Bankshares Inc

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 36029. Source: https://holderbook.com/funds/36029-first-financial-bankshares-inc/

- Reported value: $5.3B
- Positions: 210
- Weight of the ten largest: 38.4%
- Filed: 2026-08-11

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $269.5M | 722,473 | 5.0% | 11 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $261.1M | 691,324 | 4.9% | 11 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $229.3M | 641,522 | 4.3% | 11 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $225.7M | 2,927,410 | 4.2% | 11 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $220.8M | 674,682 | 4.1% | 11 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $213.1M | 736,559 | 4.0% | 11 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $190.4M | 2,593,332 | 3.6% | 11 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $162.3M | 638,883 | 3.0% | 11 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $150.1M | 2,106,653 | 2.8% | 11 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $130.2M | 112,800 | 2.4% | 5 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $121.6M | 1,035,061 | 2.3% | 11 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $107.1M | 646,295 | 2.0% | 11 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $106.7M | 1,435,873 | 2.0% | 11 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $103.9M | 519,194 | 1.9% | 11 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $99.9M | 1,753,292 | 1.9% | 11 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $98.0M | 362,689 | 1.8% | 11 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $96.7M | 752,788 | 1.8% | 11 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $95.2M | 399,513 | 1.8% | 11 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $91.7M | 779,459 | 1.7% | 11 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $90.0M | 657,656 | 1.7% | 11 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $89.9M | 210,897 | 1.7% | 11 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $89.1M | 1,096,417 | 1.7% | 11 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $88.8M | 1,011,628 | 1.7% | 11 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $88.7M | 633,576 | 1.7% | 11 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $85.2M | 1,077,848 | 1.6% | 11 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $83.4M | 148,035 | 1.6% | 11 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $81.4M | 224,652 | 1.5% | 11 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $78.9M | 1,356,427 | 1.5% | 11 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $76.7M | 566,395 | 1.4% | 11 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $66.9M | 69,577 | 1.3% | 6 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $65.4M | 399,557 | 1.2% | 11 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $58.9M | 752,965 | 1.1% | 11 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $57.9M | 969,922 | 1.1% | 11 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $56.7M | 111,296 | 1.1% | 11 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $52.0M | 350,599 | 1.0% | 11 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $50.3M | 483,440 | 0.9% | 11 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $49.7M | 170,997 | 0.9% | 11 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $49.2M | 850,102 | 0.9% | 11 |
| SEI INVTS CO | [SEIC](https://holderbook.com/stocks/SEIC/) | $48.5M | 552,780 | 0.9% | 2 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $47.7M | 480,661 | 0.9% | 11 |
| NISOURCE INC | [NI](https://holderbook.com/stocks/NI/) | $47.2M | 991,625 | 0.9% | 11 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $46.8M | 132,744 | 0.9% | 11 |
| REGIONS FINANCIAL CORP NEW | [RF](https://holderbook.com/stocks/RF/) | $43.0M | 1,422,410 | 0.8% | 3 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $39.9M | 146,588 | 0.7% | 11 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $36.7M | 234,315 | 0.7% | 11 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $36.1M | 72,169 | 0.7% | 11 |
| SPDR SERIES TRUST | [KRE](https://holderbook.com/stocks/KRE/) | $36.0M | 481,339 | 0.7% | 11 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $35.8M | 69,788 | 0.7% | 11 |
| VANGUARD SCOTTSDALE FDS | [VMBS](https://holderbook.com/stocks/VMBS/) | $32.6M | 697,422 | 0.6% | 11 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $29.1M | 302,072 | 0.5% | 11 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $27.6M | 608,395 | 0.5% | 11 |
| FEDERATED HERMES ETF TRUST | [FSCC](https://holderbook.com/stocks/FSCC/) | $27.6M | 738,196 | 0.5% | 1 |
| ISHARES TR | [IYT](https://holderbook.com/stocks/IYT/) | $25.2M | 290,181 | 0.5% | 11 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $24.6M | 240,986 | 0.5% | 11 |
| VANGUARD SCOTTSDALE FDS | [VGLT](https://holderbook.com/stocks/VGLT/) | $23.9M | 433,138 | 0.4% | 11 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $22.8M | 276,123 | 0.4% | 11 |
| PROFRAC HLDG CORP | [ACDC](https://holderbook.com/stocks/ACDC/) | $22.4M | 3,855,952 | 0.4% | 11 |
| ENCOMPASS HEALTH CORP | [EHC](https://holderbook.com/stocks/EHC/) | $21.6M | 213,673 | 0.4% | 2 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $20.8M | 142,041 | 0.4% | 11 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $19.5M | 172,045 | 0.4% | 11 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $19.3M | 46,399 | 0.4% | 11 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $18.2M | 102,035 | 0.3% | 11 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $16.9M | 272,449 | 0.3% | 9 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $14.6M | 91,815 | 0.3% | 5 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $14.3M | 197,680 | 0.3% | 6 |
| UNITED THERAPEUTICS CORP DEL | [UTHR](https://holderbook.com/stocks/UTHR/) | $11.5M | 21,220 | 0.2% | 11 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $10.8M | 119,011 | 0.2% | 11 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $10.6M | 438,847 | 0.2% | 11 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $8.8M | 12,811 | 0.2% | 11 |
| ATLASSIAN CORPORATION | [TEAM](https://holderbook.com/stocks/TEAM/) | $8.6M | 111,129 | 0.2% | 2 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $8.2M | 24,043 | 0.2% | 11 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $8.1M | 77,525 | 0.2% | 11 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $6.8M | 9,102 | 0.1% | 11 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $6.7M | 49,094 | 0.1% | 11 |
| NEUROCRINE BIOSCIENCES INC | [NBIX](https://holderbook.com/stocks/NBIX/) | $6.6M | 39,127 | 0.1% | 11 |
| ALEXANDRIA REAL ESTATE EQ IN | [ARE](https://holderbook.com/stocks/ARE/) | $6.3M | 119,710 | 0.1% | 11 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $6.3M | 15,444 | 0.1% | 11 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $5.9M | 37,793 | 0.1% | 4 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $5.9M | 7,878 | 0.1% | 11 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $5.2M | 17,210 | 0.1% | 11 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $4.6M | 11,671 | 0.1% | 11 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $4.5M | 26,396 | 0.1% | 11 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $3.9M | 11,112 | 0.1% | 11 |
| KIMBELL RTY PARTNERS LP | [KRP](https://holderbook.com/stocks/KRP/) | $3.9M | 266,314 | 0.1% | 11 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $3.1M | 32,419 | 0.1% | 11 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $3.1M | 7,059 | 0.1% | 6 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $3.0M | 43,894 | 0.1% | 11 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $2.8M | 7,515 | 0.1% | 6 |
| MAIN STR CAP CORP | [MAIN](https://holderbook.com/stocks/MAIN/) | $2.3M | 43,541 | 0.0% | 11 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $2.2M | 22,065 | 0.0% | 4 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $2.1M | 69,888 | 0.0% | 5 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $2.0M | 1,915 | 0.0% | 11 |
| BNY MELLON ETF TRUST II | [BMOP](https://holderbook.com/stocks/BMOP/) | $1.3M | 53,052 | 0.0% | 1 |
| PROSPERITY BANCSHARES INC | [PB](https://holderbook.com/stocks/PB/) | $1.2M | 16,123 | 0.0% | 11 |
| SOUTHERN MO BANCORP INC | [SMBC](https://holderbook.com/stocks/SMBC/) | $1.2M | 15,387 | 0.0% | 11 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.2M | 2,762 | 0.0% | 11 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.1M | 3,280 | 0.0% | 11 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $1.1M | 10,196 | 0.0% | 11 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $1.1M | 1,477 | 0.0% | 11 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $1.1M | 5,807 | 0.0% | 11 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +8.3% | +14.8% | -6.5% | 100% |
| Q1 2026 | -0.2% | -4.6% | +4.4% | 100% |
| Q4 2025 | +1.5% | +2.4% | -0.8% | 100% |
| Q3 2025 | +7.4% | +7.8% | -0.4% | 100% |
| Q2 2025 | +6.4% | +10.5% | -4.0% | 100% |
| Q1 2025 | -2.1% | -4.6% | +2.5% | 100% |
| Q4 2024 | -0.7% | +2.1% | -2.9% | 100% |
| Q3 2024 | +9.0% | +5.4% | +3.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $5.3B | 210 |
| Q1 2026 | $5.0B | 201 |
| Q4 2025 | $5.0B | 212 |
| Q3 2025 | $4.9B | 234 |
| Q2 2025 | $4.5B | 205 |
| Q1 2025 | $4.6B | 172 |
| Q4 2024 | $4.6B | 170 |
| Q3 2024 | $4.8B | 181 |
| Q2 2024 | $4.4B | 176 |
| Q1 2024 | $4.4B | 193 |
| Q4 2023 | $4.2B | 188 |