First Financial Bankshares Inc

CIK

36029

Location

Abilene, TX

Portfolio Value

Mid $3,921,798,538

Diversification

Diversified

Filing Date

Global Rank

#790 / 8,604 ▲ 18 · as of Mar 2026

Top Industry

Drug Manufacturers - General 9.5%

3Y Alpha vs SPY

-1.1%

Period ended 3 months ago

Filed May 11, 2026 · 59d

10 quarters · since Dec 2023

Clone Performance

Feb 2024–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+51.3%

SPY

+54.1%

Annualised alpha

-0.9%

Max drawdown

−16.7%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

157 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

6.6%

−1.3 pts

Top 5

26.5%

−4.3 pts

Top 10

41.4%

−3.5 pts

HHI

282

Diversified−39

Portfolio Trend

10 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	24.6%	$965,624,648	27
Financial Services	17.1%	$670,851,118	22
Healthcare	12.8%	$503,659,181	19
Energy	8.8%	$346,209,201	17
Industrials	8.4%	$328,051,187	22
Consumer Cyclical	6.9%	$269,438,617	11
Communication Services	6.8%	$267,226,556	5
Consumer Defensive	6.1%	$240,787,684	9
Utilities	5.8%	$226,162,487	8
Real Estate	2.3%	$90,389,832	4
Unclassified	0.2%	$7,283,793	6
Basic Materials	0.2%	$6,114,234	7

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
RF	Regions Financial Corp	+571,227	1,414,249	$36,940,183
NOW	ServiceNow, Inc.	+172,906	420,200	$43,931,910
AMT	American Tower Corp /Ma/	+139,334	394,575	$68,095,753
O	Realty Income Corp	+70,153	272,094	$16,646,710
MSFT	Microsoft Corp	+63,236	694,837	$257,207,812
MDLZ	Mondelez International, Inc.	+62,219	844,872	$48,698,422
PFE	Pfizer Inc	+61,763	433,584	$12,175,038
AMZN	Amazon Com Inc	+56,140	393,676	$81,990,900
BRK-B	Berkshire Hathaway Inc	+45,501	47,686	$22,851,131
BX	Blackstone Inc.	+45,290	780,212	$89,716,577
KRP	Kimbell Royalty Partners, LP	+33,142	270,159	$3,909,200
BAC	Bank Of America Corp /De/	+29,413	1,745,626	$85,099,267
NVDA	Nvidia Corp	+25,095	499,849	$87,173,665
UBER	Uber Technologies, Inc	+20,886	94,916	$6,827,307
ARE	Alexandria Real Estate Equities, Inc.	+17,152	116,813	$5,422,459
PEP	Pepsico Inc	+16,732	554,758	$86,148,369
MRK	Merck & Co., Inc.	+15,082	743,601	$89,447,764
SBUX	Starbucks Corp	+11,202	241,776	$21,660,711
MDT	Medtronic plc	+10,881	719,377	$62,334,017
T	At&T Inc.	+7,882	36,739	$1,065,063
NEE	Nextera Energy Inc	+7,878	996,001	$92,508,572
AVGO	Broadcom Inc.	+7,804	700,962	$216,954,748
UNH	Unitedhealth Group Inc	+6,285	46,833	$12,672,541
NVS	Novartis AG	+6,071	230,854	$35,262,948
AEP	American Electric Power Co Inc	+6,062	652,133	$85,481,593
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
WMT	Walmart Inc.	−313,758	169,305	$21,041,225
MU	Micron Technology Inc	−137,351	144,957	$48,972,272
COP	Conocophillips	−106,143	482,593	$63,702,276
JNJ	Johnson & Johnson	−80,003	629,377	$153,844,913
GOOGL	Alphabet Inc.	−69,297	634,843	$182,555,453
JPM	Jpmorgan Chase & Co	−64,004	673,281	$198,052,338
ETN	Eaton Corp plc	−43,747	210,038	$75,124,291
ACDC	ProFrac Holding Corp.	−22,575	3,889,478	$24,114,763
WMB	Williams Companies, Inc.	−8,415	1,432,519	$104,258,732
NI	Nisource Inc.	−8,265	1,000,418	$46,679,503
RNR	Renaissancere Holdings Ltd	−2,849	1,284	$381,643
CAVA	Cava Group, Inc.	−2,708	2,945	$238,250
C	Citigroup Inc	−2,702	644,815	$73,128,469
MPC	Marathon Petroleum Corp	−2,488	1,463	$357,235
MA	Mastercard Inc	−2,281	67,628	$33,791,006
SLB	Slb Limited/Nv	−1,770	7,983	$410,246
PSX	Phillips 66	−1,640	27,202	$4,955,660
KO	Coca Cola Co	−1,614	1,085,155	$82,526,037
HPE	Hewlett Packard Enterprise Co	−1,358	9,724	$231,528
LHX	L3harris Technologies, Inc. /De/	−1,230	168,722	$58,234,398
TEL	TE Connectivity plc	−1,218	1,877	$392,330
TT	Trane Technologies plc	−899	1,587	$661,366
SO	Southern Co	−887	2,622	$253,075
PB	Prosperity Bancshares Inc	−449	16,123	$1,083,143
LVS	Las Vegas Sands Corp	−415	8,882	$478,562
No positions match the current search.

New Positions

Positions the filer opened this quarter

11 positions

Ticker	Company	Shares	Value
SEIC	Sei Investments Co	554,178	$43,486,347
EHC	Encompass Health Corp	207,699	$20,090,724
TEAM	Atlassian Corp	70,975	$4,844,043
SOLS	Solstice Advanced Materials Inc.	26,320	$2,004,531
HYMC	Hycroft Mining Holding Corp	40,500	$1,425,600
SKE	Skeena Resources Ltd	30,344	$901,823
ET	Energy Transfer LP	39,119	$754,996
HBM	Hudbay Minerals Inc.	24,705	$516,334
TGB	Trekor Metals Ltd	79,402	$512,142
BP	Bp PLC	5,131	$241,157
TPL	Texas Pacific Land Corp	490	$232,534
No positions match the current search.

Sold Out

Positions the filer fully exited

22 positions

Ticker	Company	Shares	Value
AVB	Avalonbay Communities Inc	78,535	$14,239,180
FTK	Flotek Industries Inc/Cn/	290,000	$4,996,700
AIG	American International Group, Inc.	12,784	$1,093,671
AON	Aon plc	2,978	$1,050,876
D	Dominion Energy, Inc	16,385	$959,997
FHN	First Horizon Corp	39,789	$950,957
GILD	Gilead Sciences, Inc.	7,409	$909,380
NEM	NEWMONT Corp /DE/	8,545	$853,218
MMM	3M Co	4,133	$661,693
COF	Capital One Financial Corp	2,461	$596,447
RCL	Royal Caribbean Cruises Ltd	1,505	$419,774
AME	Ametek Inc/	1,993	$409,182
VLTO	Veralto Corp	3,708	$369,984
RACE	Ferrari N.V.	829	$306,365
CRH	Crh Public Ltd Co	2,419	$301,891
DIS	Walt Disney Co	2,435	$277,029
DHR	Danaher Corp /De/	1,168	$267,378
NVO	Novo Nordisk A S	4,774	$242,901
XYZ	Block, Inc.	3,289	$214,081
MS	Morgan Stanley	1,201	$213,213
RKLB	Rocket Lab Corp	3,000	$209,280
ILMN	Illumina, Inc.	1,575	$206,577
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

157 positions · $3,921,798,538 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 157 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Added	694,837	+63,236	$257,207,812	−15.8%	6.56%
AVGO	Broadcom Inc. Technology	Added	700,962	+7,804	$216,954,748	−9.6%	5.53%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	673,281	-64,004	$198,052,338	−16.6%	5.05%
AAPL	Apple Inc. Technology	Added	734,089	+4,115	$186,304,447	−6.1%	4.75%
GOOGL	Alphabet Inc. Communication Services	Reduced	634,843	-69,297	$182,555,453	−17.2%	4.65%
JNJ	Johnson & Johnson Healthcare	Reduced	629,377	-80,003	$153,844,913	+4.8%	3.92%
CVX	Chevron Corp Energy	Added	640,274	+3,688	$132,472,690	+36.5%	3.38%
WMB	Williams Companies, Inc. Energy	Reduced	1,432,519	-8,415	$104,258,732	+20.4%	2.66%
MCD	Mcdonalds Corp Consumer Cyclical	Added	319,631	+426	$99,338,118	+1.8%	2.53%
NEE	Nextera Energy Inc Utilities	Added	996,001	+7,878	$92,508,572	+16.6%	2.36%
BX	Blackstone Inc. Financial Services	Added	780,212	+45,290	$89,716,577	−20.8%	2.29%
MRK	Merck & Co., Inc. Healthcare	Added	743,601	+15,082	$89,447,764	+16.6%	2.28%
NVDA	Nvidia Corp Technology	Added	499,849	+25,095	$87,173,665	−1.5%	2.22%
PEP	Pepsico Inc Consumer Defensive	Added	554,758	+16,732	$86,148,369	+11.6%	2.20%
AEP	American Electric Power Co Inc Utilities	Added	652,133	+6,062	$85,481,593	+14.7%	2.18%
BAC	Bank Of America Corp /De/ Financial Services	Added	1,745,626	+29,413	$85,099,267	−9.8%	2.17%
KO	Coca Cola Co Consumer Defensive	Reduced	1,085,155	-1,614	$82,526,037	+8.6%	2.10%
META	Meta Platforms, Inc. Communication Services	Added	144,112	+2,158	$82,450,798	−12.0%	2.10%
HON	Honeywell International Inc Industrials	Reduced	363,949	-39	$82,263,392	+15.8%	2.10%
CSCO	Cisco Systems, Inc. Technology	Added	1,057,729	+3,762	$82,069,193	+1.1%	2.09%
AMZN	Amazon Com Inc Consumer Cyclical	Added	393,676	+56,140	$81,990,900	+5.2%	2.09%
AMGN	Amgen Inc Healthcare	Reduced	222,175	-147	$78,172,273	+7.4%	1.99%
ETN	Eaton Corp plc Industrials	Reduced	210,038	-43,747	$75,124,291	−7.1%	1.92%
C	Citigroup Inc Financial Services	Reduced	644,815	-2,702	$73,128,469	−3.2%	1.86%
AMT	American Tower Corp /Ma/ Real Estate	Added	394,575	+139,334	$68,095,753	+52.0%	1.74%
BLK	BlackRock, Inc. Financial Services	Added	69,021	+298	$66,378,185	−9.8%	1.69%
LMT	Lockheed Martin Corp Industrials	Reduced	108,509	-6	$65,581,754	+25.0%	1.67%
COP	Conocophillips Energy	Reduced	482,593	-106,143	$63,702,276	+15.6%	1.62%
MDT	Medtronic plc Healthcare	Added	719,377	+10,881	$62,334,017	−8.4%	1.59%
LHX	L3harris Technologies, Inc. /De/ Industrials	Reduced	168,722	-1,230	$58,234,398	+16.7%	1.48%
MU	Micron Technology Inc Technology	Reduced	144,957	-137,351	$48,972,272	−39.2%	1.25%
MDLZ	Mondelez International, Inc. Consumer Defensive	Added	844,872	+62,219	$48,698,422	+15.6%	1.24%
NI	Nisource Inc. Utilities	Reduced	1,000,418	-8,265	$46,679,503	+10.8%	1.19%
NOW	ServiceNow, Inc. Technology	Added	420,200	+172,906	$43,931,910	+16.0%	1.12%
SEIC	Sei Investments Co Financial Services	NEW	554,178	NEW	$43,486,347	NEW	1.11%
HD	Home Depot, Inc. Consumer Cyclical	Added	131,045	+3,231	$43,099,390	−2.0%	1.10%
RF	Regions Financial Corp Financial Services	Added	1,414,249	+571,227	$36,940,183	+61.7%	0.94%
UNP	Union Pacific Corp Industrials	Added	145,609	+1,302	$35,327,655	+5.8%	0.90%
NVS	Novartis AG Healthcare	Added	230,854	+6,071	$35,262,948	+13.8%	0.90%
MA	Mastercard Inc Financial Services	Reduced	67,628	-2,281	$33,791,006	−15.3%	0.86%
ACDC	ProFrac Holding Corp. Energy	Reduced	3,889,478	-22,575	$24,114,763	+58.5%	0.61%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	47,686	+45,501	$22,851,131	+1980.6%	0.58%
SBUX	Starbucks Corp Consumer Cyclical	Added	241,776	+11,202	$21,660,711	+11.6%	0.55%
WMT	Walmart Inc. Consumer Defensive	Reduced	169,305	-313,758	$21,041,225	−60.9%	0.54%
EHC	Encompass Health Corp Healthcare	NEW	207,699	NEW	$20,090,724	NEW	0.51%
ORCL	Oracle Corp Technology	Added	114,550	+5,787	$16,851,450	−20.5%	0.43%
O	Realty Income Corp Real Estate	Added	272,094	+70,153	$16,646,710	+46.2%	0.42%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	3,933	+2,981	$16,559,187	+224.8%	0.42%
SPGI	S&P Global Inc. Financial Services	Added	31,896	+125	$13,566,644	−18.3%	0.35%
UNH	Unitedhealth Group Inc Healthcare	Added	46,833	+6,285	$12,672,541	−5.3%	0.32%