Institutional Manager · CIK 0000036029
First Financial Bankshares Inc
Abilene, TX · File #028-23917
Latest AUM
$4.97B
Positions
212
Top-10 Concentration
43.7%
Filings
8
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | VANGUARD INDEX FDS | 922908363 | +65,271 | +$40.9M | +$189,611 |
| ADD | META PLATFORMS INC | META | +56,723 | +$37.4M | -$6.3M |
| ADD | SERVICENOW INC | NOW | +198,968 | +$30.5M | -$37.1M |
| REDUCE | ALEXANDRIA REAL ESTATE EQ IN | 015271109 | -593,942 | -$29.1M | -$23.9M |
| REDUCE | BROADCOM INC | AVGO | -83,889 | -$29.0M | +$12.6M |
| NEW | REGIONS FINANCIAL CORP NEW | RF-PF | +843,022 | +$22.8M | $0 |
| ADD | SELECT SECTOR SPDR TR | 81369Y886 | +460,296 | +$19.7M | -$20.5M |
| EXITED | COMCAST CORP NEW | 20030N101 | -467,776 | -$14.7M | $0 |
| ADD | COCA COLA CO | KO | +136,871 | +$9.6M | +$3.4M |
| ADD | ISHARES TR | 464287507 | +134,600 | +$8.9M | +$2.1M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025212 pos · $4.97B
- 13F HOLDINGS REPORTQ/E Sep 2025234 pos · $4.87B
- 13F HOLDINGS REPORTQ/E Jun 2025205 pos · $4.46B
- 13F HOLDINGS REPORTQ/E Mar 2025172 pos · $4.63B
- 13F HOLDINGS REPORTQ/E Dec 2024170 pos · $4.62B
- 13F HOLDINGS REPORTQ/E Sep 2024181 pos · $4.75B
- 13F HOLDINGS REPORTQ/E Jun 2024176 pos · $4.36B
- 13F HOLDINGS REPORTQ/E Mar 2024193 pos · $4.44B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 631,601 | $305.5M | 6.74% |
| 2 | BROADCOM INC | AVGO | 693,158 | $239.9M | 5.29% |
| 3 | JPMORGAN CHASE & CO. | VYLD | 737,285 | $237.6M | 5.24% |
| 4 | ALPHABET INC | GOOG | 704,140 | $220.4M | 4.86% |
| 5 | APPLE INC | AAPL | 729,974 | $198.5M | 4.38% |
| 6 | VANGUARD BD INDEX FDS | 921937835 | 2,645,255 | $195.9M | 4.32% |
| 7 | ISHARES TR | 464287507 | 2,920,753 | $192.8M | 4.25% |
| 8 | JOHNSON & JOHNSON | JNJ | 709,380 | $146.8M | 3.24% |
| 9 | VANGUARD TAX-MANAGED FDS | 921943858 | 2,110,603 | $131.8M | 2.91% |
| 10 | BLACKSTONE INC | BX | 734,922 | $113.3M | 2.50% |
| 11 | MCDONALDS CORP | MCD | 319,205 | $97.6M | 2.15% |
| 12 | CHEVRON CORP NEW | CVX | 636,586 | $97.0M | 2.14% |
| 13 | BANK AMERICA CORP | 060505104 | 1,716,213 | $94.4M | 2.08% |
| 14 | META PLATFORMS INC | META | 141,954 | $93.7M | 2.07% |
| 15 | NVIDIA CORPORATION | NVDA | 474,754 | $88.5M | 1.95% |
| 16 | WILLIAMS COS INC | 969457100 | 1,440,934 | $86.6M | 1.91% |
| 17 | VANGUARD SCOTTSDALE FDS | 92206C409 | 1,026,042 | $81.8M | 1.80% |
| 18 | CISCO SYS INC | CSCO | 1,053,967 | $81.2M | 1.79% |
| 19 | EATON CORP PLC | ETN | 253,785 | $80.8M | 1.78% |
| 20 | MICRON TECHNOLOGY INC | MU | 282,308 | $80.6M | 1.78% |