FIRST FINANCIAL BANKSHARES INC

PublicCIK: 36029

FFINNASDAQ

Location

ABILENE, TX

201

Positions

$4.95B

Total AUM (reported)

45.77M

Total Shares

Allocation by class

COM$3.24B65.5%

TOTAL BND MRKT$195.54M3.9%

CORE S&P MCP ETF$193.49M3.9%

CAP STK CL A$182.56M3.7%

CL A$170.87M3.5%

SHS$138.12M2.8%

VAN FTSE DEV MKT$134.50M2.7%

Portfolio Concentration

Top 3$672.21M13.6%

4–10$1.18B23.8%

11–25$1.31B26.5%

Rest$1.79B36.1%

Top 3 weight

13.6%

Top 10 weight

37.4%

Voting Authority Distribution

Total shares with voting rights: 45.77M

Sole

Full voting authority

45.42M

% of voting shares99.2%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

354.24K

% of voting shares0.8%

Investment Discretion (by position count)

Sole0

Shared0

Other201

Dominant voting typeSole · 99.2% of voting shares

Institutional Holdings201

Rows:

MICROSOFT CORP

DFND

COM

Shares694.84K

TypeSH

Market value$257.21M

5.19%

Sole

690.09K

Shared

0.00

None

4.75K

BROADCOM INC

DFND

COM

Shares700.96K

TypeSH

Market value$216.95M

4.38%

Sole

695.41K

Shared

0.00

None

5.55K

JPMORGAN CHASE & CO

DFND

COM

Shares673.28K

TypeSH

Market value$198.05M

4.00%

Sole

670.40K

Shared

0.00

None

2.88K

VANGUARD BD INDEX FDS

DFND

TOTAL BND MRKT

Shares2.66M

TypeSH

Market value$195.54M

3.95%

Sole

2.62M

Shared

0.00

None

38.56K

ISHARES TR

DFND

CORE S&P MCP ETF

Shares2.87M

TypeSH

Market value$193.49M

3.91%

Sole

2.83M

Shared

0.00

None

40.09K

APPLE INC

DFND

COM

Shares734.09K

TypeSH

Market value$186.30M

3.76%

Sole

728.31K

Shared

0.00

None

5.78K

ALPHABET INC

DFND

CAP STK CL A

Shares634.84K

TypeSH

Market value$182.56M

3.69%

Sole

628.31K

Shared

0.00

None

6.53K

JOHNSON & JOHNSON

DFND

COM

Shares629.38K

TypeSH

Market value$153.84M

3.11%

Sole

626.62K

Shared

0.00

None

2.76K

VANGUARD TAX-MANAGED FDS

DFND

VAN FTSE DEV MKT

Shares2.10M

TypeSH

Market value$134.50M

2.72%

Sole

2.09M

Shared

0.00

None

10.62K

CHEVRON CORPORATION

DFND

COM

Shares640.27K

TypeSH

Market value$132.47M

2.68%

Sole

637.50K

Shared

0.00

None

2.77K

WILLIAMS COS INC

DFND

COM

Shares1.43M

TypeSH

Market value$104.26M

2.11%

Sole

1.43M

Shared

0.00

None

5.60K

MCDONALDS CORP

DFND

COM

Shares319.63K

TypeSH

Market value$99.34M

2.01%

Sole

318.38K

Shared

0.00

None

1.25K

NEXTERA ENERGY INC

DFND

COM

Shares996K

TypeSH

Market value$92.51M

1.87%

Sole

991.73K

Shared

0.00

None

4.27K

BLACKSTONE INC

DFND

COM

Shares780.21K

TypeSH

Market value$89.72M

1.81%

Sole

774.58K

Shared

0.00

None

5.63K

MERCK & CO INC

DFND

COM

Shares743.60K

TypeSH

Market value$89.45M

1.81%

Sole

740.15K

Shared

0.00

None

3.45K

NVIDIA CORPORATION

DFND

COM

Shares499.85K

TypeSH

Market value$87.17M

1.76%

Sole

492.65K

Shared

0.00

None

7.20K

PEPSICO INC

DFND

COM

Shares554.76K

TypeSH

Market value$86.15M

1.74%

Sole

552.50K

Shared

0.00

None

2.25K

AMERICAN ELEC PWR CO INC

DFND

COM

Shares652.13K

TypeSH

Market value$85.48M

1.73%

Sole

649.63K

Shared

0.00

None

2.50K

BANK AMERICA CORP

DFND

COM

Shares1.75M

TypeSH

Market value$85.10M

1.72%

Sole

1.74M

Shared

0.00

None

6.39K

VANGUARD SCOTTSDALE FDS

DFND

SHRT TRM CORP BD

Shares1.05M

TypeSH

Market value$83.27M

1.68%

Sole

1.03M

Shared

0.00

None

16.47K

COCA COLA CO

DFND

COM

Shares1.09M

TypeSH

Market value$82.53M

1.67%

Sole

1.08M

Shared

0.00

None

4.50K

META PLATFORMS INC

DFND

CL A

Shares144.11K

TypeSH

Market value$82.45M

1.67%

Sole

142.15K

Shared

0.00

None

1.97K

HONEYWELL INTL INC

DFND

COM

Shares363.95K

TypeSH

Market value$82.26M

1.66%

Sole

362.39K

Shared

0.00

None

1.56K

CISCO SYS INC

DFND

COM

Shares1.06M

TypeSH

Market value$82.07M

1.66%

Sole

1.05M

Shared

0.00

None

4.95K

AMAZON COM INC

DFND

COM

Shares393.68K

TypeSH

Market value$81.99M

1.66%

Sole

388.01K

Shared

0.00

None

5.66K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
MICROSOFT CORPDFND	COM	694.84K	SH	$257.21M 5.19%	690.09K	4.75K
BROADCOM INCDFND	COM	700.96K	SH	$216.95M 4.38%	695.41K	5.55K
JPMORGAN CHASE & CODFND	COM	673.28K	SH	$198.05M 4.00%	670.40K	2.88K
VANGUARD BD INDEX FDSDFND	TOTAL BND MRKT	2.66M	SH	$195.54M 3.95%	2.62M	38.56K
ISHARES TRDFND	CORE S&P MCP ETF	2.87M	SH	$193.49M 3.91%	2.83M	40.09K
APPLE INCDFND	COM	734.09K	SH	$186.30M 3.76%	728.31K	5.78K
ALPHABET INCDFND	CAP STK CL A	634.84K	SH	$182.56M 3.69%	628.31K	6.53K
JOHNSON & JOHNSONDFND	COM	629.38K	SH	$153.84M 3.11%	626.62K	2.76K
VANGUARD TAX-MANAGED FDSDFND	VAN FTSE DEV MKT	2.10M	SH	$134.50M 2.72%	2.09M	10.62K
CHEVRON CORPORATIONDFND	COM	640.27K	SH	$132.47M 2.68%	637.50K	2.77K
WILLIAMS COS INCDFND	COM	1.43M	SH	$104.26M 2.11%	1.43M	5.60K
MCDONALDS CORPDFND	COM	319.63K	SH	$99.34M 2.01%	318.38K	1.25K
NEXTERA ENERGY INCDFND	COM	996K	SH	$92.51M 1.87%	991.73K	4.27K
BLACKSTONE INCDFND	COM	780.21K	SH	$89.72M 1.81%	774.58K	5.63K
MERCK & CO INCDFND	COM	743.60K	SH	$89.45M 1.81%	740.15K	3.45K
NVIDIA CORPORATIONDFND	COM	499.85K	SH	$87.17M 1.76%	492.65K	7.20K
PEPSICO INCDFND	COM	554.76K	SH	$86.15M 1.74%	552.50K	2.25K
AMERICAN ELEC PWR CO INCDFND	COM	652.13K	SH	$85.48M 1.73%	649.63K	2.50K
BANK AMERICA CORPDFND	COM	1.75M	SH	$85.10M 1.72%	1.74M	6.39K
VANGUARD SCOTTSDALE FDSDFND	SHRT TRM CORP BD	1.05M	SH	$83.27M 1.68%	1.03M	16.47K
COCA COLA CODFND	COM	1.09M	SH	$82.53M 1.67%	1.08M	4.50K
META PLATFORMS INCDFND	CL A	144.11K	SH	$82.45M 1.67%	142.15K	1.97K
HONEYWELL INTL INCDFND	COM	363.95K	SH	$82.26M 1.66%	362.39K	1.56K
CISCO SYS INCDFND	COM	1.06M	SH	$82.07M 1.66%	1.05M	4.95K
AMAZON COM INCDFND	COM	393.68K	SH	$81.99M 1.66%	388.01K	5.66K

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