First Financial Bankshares Inc
SEC Form 13F institutional filer · CIK 0000036029
13F-HR · 137 reported holdings · 2026-03-31
Bank holding company.
Reported long-US-equity value
$4.19B
Top-10 concentration
42.1%
First Financial Bankshares Inc — $4.19B AUM allocation strategy
First Financial Bankshares Inc files SEC Form 13F and reports $4.19B of long US equity value across 137 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 17.9%, followed by Financials 8.9% and Communication Services 6.4%.
The top 10 holdings account for 42% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
First Financial Bankshares Inc — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$4.19B
total across 137 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
42% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$RF +571K sh · +$14.1M+$NOW +173K sh · +$6.05M+$AMT +139K sh · +$23.3M
Biggest trims (shares)
−$WMT −314K sh · −$32.8M−$MU −137K sh · −$31.6M−$COP −106K sh · +$8.59M
Exited to nil (held last quarter, gone now)
$AIG ($1.09M last qtr)$AON ($1.05M last qtr)$D ($960K last qtr)$GILD ($909K last qtr)$NEM ($853K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Semiconductors7.2%—
- Diversified Banks6.7%—
- Interactive Media & Services6.4%—
- Systems Software6.2%—
- Pharmaceuticals5.8%—
- Technology Hardware, Storage & Peripherals4.5%—
- Soft Drinks & Non-alcoholic Beverages4.0%—
- Integrated Oil & Gas3.1%—
- Other holdings56.1%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
9 of 9 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $MSFT | Microsoft Corporation | 695K | $257M | +63.2K | 6.1% |
| $AVGO | Broadcom Inc | 701K | $217M | +7.8K | 5.2% |
| $JPM | JP Morgan Chase & Co | 673K | $198M | -64K | 4.7% |
| $AAPL | Apple Inc | 734K | $186M | +4.12K | 4.4% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 635K | $183M | -69.3K | 4.4% |
| $JNJ | Johnson & Johnson | 629K | $154M | -80K | 3.7% |
| $CVX | Chevron Corporation | 640K | $132M | +3.69K | 3.2% |
| $WMB | Williams Companies Inc | 1.43M | $104M | -8.41K | 2.5% |
| $MCD | McDonald's Corporation | 320K | $99.3M | +426 | 2.4% |
…and 128 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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