1y return+14.4%S&P 500 +20.9%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2023: $138 against $157 in the S&P 500.2
First Financial Bankshares IncS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| MSFTMicrosoft Corp | $269.5M | 5.0% | +4.0% |
| AVGOBroadcom Inc | $261.1M | 4.9% | −1.4% |
| GOOGLAlphabet Inc | $229.3M | 4.3% | +1.1% |
| IJHIshares Tr | $225.7M | 4.2% | +2.2% |
| JPMJpmorgan Chase & Co | $220.8M | 4.1% | |
| AAPLApple Inc | $213.1M | 4.0% | |
| BNDVanguard Bd Index Fds | $190.4M | 3.6% | −2.3% |
| JNJJohnson & Johnson | $162.3M | 3.0% | +1.5% |
| VEAVanguard Tax-managed Fds | $150.1M | 2.8% | |
| MUMicron Technology Inc | $130.2M | 2.4% | −22.2% |
| CSCOCisco Sys Inc | $121.6M | 2.3% | −2.1% |
| CVXChevron Corporation | $107.1M | 2.0% | |
| WMBWilliams Cos Inc | $106.7M | 2.0% | |
| NVDANvidia Corporation | $103.9M | 1.9% | +3.9% |
| BACBank Of Amer Corp | $99.9M | 1.9% | |
| MCDMcdonalds Corp | $98.0M | 1.8% | +13.5% |
| MRKMerck & Co Inc | $96.7M | 1.8% | +1.2% |
| AMZNAmazon Com Inc | $95.2M | 1.8% | +1.5% |
| BXBlackstone Inc | $91.7M | 1.7% | |
| AEPAmerican Elec Pwr Co Inc | $90.0M | 1.7% | |
| Eaton Corp PLCCUSIP G29183103 | $89.9M | 1.7% | |
| KOCoca Cola Co | $89.1M | 1.7% | +1.0% |
| NEENextera Energy Inc | $88.8M | 1.7% | +1.6% |
| CCitigroup Inc | $88.7M | 1.7% | −1.7% |
| VCSHVanguard Scottsdale Fds | $85.2M | 1.6% | +2.6% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | December 31, 2023 | +304.0% | $103.9M |
| AVGOBroadcom Inc | December 31, 2023 | +238.4% | $261.1M |
| CCitigroup Inc | December 31, 2023 | +172.1% | $88.7M |
| GOOGLAlphabet Inc | December 31, 2023 | +155.8% | $229.3M |
| CSCOCisco Sys Inc | December 31, 2023 | +132.5% | $121.6M |
| WMBWilliams Cos Inc | December 31, 2023 | +113.4% | $106.7M |
| JPMJpmorgan Chase & Co | December 31, 2023 | +92.4% | $220.8M |
| Eaton Corp PLCCUSIP G29183103 | December 31, 2023 | +76.9% | $89.9M |
| BACBank Of Amer Corp | December 31, 2023 | +69.2% | $99.9M |
| AEPAmerican Elec Pwr Co Inc | December 31, 2023 | +68.4% | $90.0M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $82.3M
- SOLSSolstice Advanced Matls Inc was $2.0M
- Taseko Mines LtdCUSIP 876511106 was $512K
- FANGDiamondback Energy Inc was $393K
- BPBp PLC was $241K
- CMECme Group Inc was $233K
- SGOLEtfs Gold Tr was $228K
- MSTRStrategy Inc was $219K
- VTEBVanguard Mun Bd Fds was $216K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +5.1% | +14.8% |
| March 31, 2026 | −0.2% | −4.6% |
| December 31, 2025 | +1.5% | +2.4% |
| September 30, 2025 | +7.4% | +7.8% |
| June 30, 2025 | +6.4% | +10.5% |
| March 31, 2025 | −2.1% | −4.6% |
| December 31, 2024 | −0.7% | +2.1% |
| September 30, 2024 | +9.0% | +5.4% |
| June 30, 2024 | −0.1% | +4.0% |
| March 31, 2024 | +6.9% | +10.0% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: First Financial Bankshares Inc Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=36029&type=13F-HR&dateb=&owner=include&count=40CIK 36029
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/36029/000119312526343506/Filed August 11, 2026 · accession 0001193125-26-343506