FIRST FINL BANKSHARES INC FFIN
COM · Common Stock · CUSIP 32020R109
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($520.1k this quarter). Holder counts are more reliable. Shares outstanding: 142.8m as of 2024-05-03, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $32.81. Options: 4 managers hold calls ($833.1k notional), 3 hold puts ($715.3k).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 284 |
| Q4 2022 | 282 |
| Q1 2023 | 275 |
| Q2 2023 | 261 |
| Q3 2023 | 276 |
| Q4 2023 | 279 |
| Q1 2024 | 276 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 122 | 118 |
| Q1 2023 | 138 | 127 |
| Q2 2023 | 125 | 122 |
| Q3 2023 | 127 | 131 |
| Q4 2023 | 134 | 120 |
| Q1 2024 | 124 | 123 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $219.4k | $2.5m | 11.49 |
| Q3 2023 | $203.5k | $1.5m | 7.31 |
| Q4 2023 | $657.3k | $1.3m | 1.92 |
| Q1 2024 | $833.1k | $715.3k | 0.86 |
Biggest buyers
| MORGAN STANLEY | Added | +7.4m |
| Champlain Investment Partners, LLC | Added | +720.8k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Added | +597.5k |
| VANGUARD GROUP INC | Added | +490.8k |
| BANK OF AMERICA CORP /DE/ | Added | +353.5k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +272.2k |
| MARSHALL WACE, LLP | New | +106.8k |
| JPMORGAN CHASE & CO | Added | +80.8k |
| Strategic Financial Concepts, LLC | New | +80.2k |
| First Financial Bankshares Inc | Added | +61.8k |
Biggest sellers
| NEUBERGER BERMAN GROUP LLC | Reduced | -319.5k |
| BlackRock Inc. | Reduced | -314.7k |
| STATE STREET CORP | Reduced | -265.2k |
| GOLDMAN SACHS GROUP INC | Reduced | -258.3k |
| NORGES BANK | Reduced | -222.3k |
| NORTHERN TRUST CORP | Reduced | -176.0k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -172.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -150.7k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -137.2k |
| GREAT LAKES ADVISORS, LLC | Sold out | -136.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $475.7k14.5k shares |
| CITADEL ADVISORS LLC | Added | $331.4k10.1k shares |
| SIMPLEX TRADING, LLC | Unchanged | $26.0k800 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $636.5k19.4k shares |
| GROUP ONE TRADING LLC | New | $78.7k2.4k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q1 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2022 | 6 | $1.9m | 0 | — | — |
| Q3 2022 | 3 | $290.5k | 0 | — | — |
| Q4 2022 | 6 | $605.4k | 0 | — | — |
| Q1 2023 | 5 | $1.0m | 0 | — | — |
| Q2 2023 | 4 | $948.6k | 0 | — | — |
| Q3 2023 | 4 | $253.1k | 0 | — | — |
| Q4 2023 | 6 | $291.3k | 0 | — | — |
| Q1 2024 | 1 | $17.8k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-02-07 | Nickles Robert Clark Jr Director · By Limited Liability Corporation | Bought | $17.8k584 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| First Financial Bankshares Inc 13.55% of their portfolio | 18.3m $601.5m | Added +61.8k |
| BlackRock Inc. 0.01% of their portfolio | 15.9m $520.3m | Reduced -314.7k |
| VANGUARD GROUP INC 0.01% of their portfolio | 15.0m $490.7m | Added +490.8k |
| MORGAN STANLEY 0.01% of their portfolio | 10.1m $331.8m | Added +7.4m |
| STATE STREET CORP 0.01% of their portfolio | 5.7m $186.4m | Reduced -265.2k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.33% of their portfolio | 4.3m $142.6m | Added +597.5k |
| NEUBERGER BERMAN GROUP LLC 0.09% of their portfolio | 3.4m $111.6m | Reduced -319.5k |
| Champlain Investment Partners, LLC 0.63% of their portfolio | 3.3m $109.4m | Added +720.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.2m $104.2m | Added +272.2k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.4m $79.6m | Added +60.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.8m $58.2m | Added +80.8k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.7m $55.0m | Reduced -176.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.6m $52.7m | Added +36.5k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.22% of their portfolio | 1.5m $50.6m | Added +20.1k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.4m $44.6m | Reduced -14.2k |
| NORGES BANK 0.01% of their portfolio | 1.2m $38.7m | Reduced -222.3k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.1m $36.7m | Reduced -258.3k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 1.0m $33.9m | Reduced -43.3k |
| Invesco Ltd. 0.01% of their portfolio | 1.0m $33.9m | Added +14.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 928.3k $30.5m | Added +353.5k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 637.4k $20.9m | Added +27.6k |
| NFJ INVESTMENT GROUP, LLC 0.46% of their portfolio | 511.2k $16.8m | Reduced -4.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 490.4k $16.1m | Added +11.9k |
| NATIXIS ADVISORS, LLC 0.03% of their portfolio | 445.0k $14.6m | Reduced -3.0k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio | 442.9k $14.5m | Reduced -1.5k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 433.1k $14.2m | Added +8.0k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 325.6k $10.7m | Reduced -105.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 318.6k $10.5m | Added +2.8k |
| BARCLAYS PLC 0.00% of their portfolio | 288.3k $9.5m | Reduced -82.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 281.8k $9.2m | Reduced -6.8k |
| Swiss National Bank 0.01% of their portfolio | 267.2k $8.8m | Unchanged |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 250.4k $8.2m | Reduced -17.0k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 241.1k $7.9m | Added +14.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 237.1k $7.8m | Reduced -150.7k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.03% of their portfolio | 233.2k $7.7m | Reduced -4.0k |
| California Public Employees Retirement System 0.01% of their portfolio | 233.0k $7.6m | Added +8.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 223.6k $7.3m | Reduced -13.1k |
| UBS Group AG 0.00% of their portfolio | 211.5k $6.9m | Reduced -27.6k |
| EULAV Asset Management 0.19% of their portfolio | 206.5k $6.8m | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 206.2k $6.8m | Added +2.8k |
| CFM WEALTH PARTNERS LLC 1.26% of their portfolio | 190.9k $6.3m | Unchanged |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 181.8k $6.0m | Reduced -20.0k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 174.9k $5.7m | Reduced -172.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 167.0k $5.5m | Reduced -4.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 166.0k $5.4m | Unchanged |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 165.4k $5.4m | Added +8.1k |
| Retirement Systems of Alabama 0.02% of their portfolio | 161.3k $5.3m | Added +426 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 155.3k $5.1m | Reduced -714 |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 147.8k $4.8m | Reduced -137.2k |
| CITIGROUP INC 0.01% of their portfolio | 142.8k $4.7m | Reduced -8.3k |
| Man Group plc 0.01% of their portfolio | 142.0k $4.7m | Reduced -50.8k |
| MetLife Investment Management, LLC 0.03% of their portfolio | 135.1k $4.4m | Reduced -3.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 135.0k $4.4m | Reduced -7.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 131.2k $4.3m | Added +31.4k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.03% of their portfolio | 112.4k $3.7m | Added +1.5k |
| Rafferty Asset Management, LLC 0.01% of their portfolio | 109.8k $3.6m | Reduced -36.4k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 106.8k $3.5m | New |
| Smart Money Group LLC 1.21% of their portfolio | 105.0k $3.1m | Added +1.6k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 104.0k $3.4m | Added +2.4k |
| Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio | 103.8k $3.4m | Reduced -19.1k |
| Vident Advisory, LLC 0.07% of their portfolio | 99.1k $3.3m | Added +2.7k |
| AWM CAPITAL, LLC 0.53% of their portfolio | 97.0k $3.2m | Unchanged |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 90.7k $3.0m | Reduced -4.9k |
| Bridge City Capital, LLC 1.05% of their portfolio | 87.5k $2.9m | Added +680 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 84.1k $2.8m | Added +4.7k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.01% of their portfolio | 82.8k $2.7m | Unchanged |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 80.5k $2.6m | Reduced -19.3k |
| Strategic Financial Concepts, LLC 0.63% of their portfolio | 80.2k $2.6m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 78.2k $2.6m | Added +568 |
| Rosenthal | Henry Capital Advisors, Inc. 3.27% of their portfolio | 74.2k $2.4m | Added +30.6k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 70.9k $2.3m | Added +3.3k |
| Holocene Advisors, LP 0.01% of their portfolio | 70.7k $2.3m | Added +21.0k |
| DOLIVER ADVISORS, LP 0.62% of their portfolio | 67.6k $2.2m | Reduced -200 |
| AMALGAMATED BANK 0.02% of their portfolio | 67.4k $2.2m | Reduced -13.6k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 67.2k $2.2m | Added +9.6k |
| Cullen/Frost Bankers, Inc. 0.03% of their portfolio | 67.0k $2.2m | Unchanged |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 62.5k $2.1m | Added +2.3k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 62.5k $2.1m | Added +2 |
| FMR LLC 0.00% of their portfolio | 62.2k $2.0m | Reduced -23.0k |
| LPL Financial LLC 0.00% of their portfolio | 60.8k $2.0m | Added +4.5k |
| COMERICA BANK 0.01% of their portfolio | 59.3k $1.9m | Reduced -2.1k |
| HighTower Advisors, LLC 0.00% of their portfolio | 59.1k $1.9m | Added +3.6k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 58.3k $1.9m | Reduced -1.3k |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 56.7k $1.8m | Reduced -3.2k |
| Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio | 50.6k $1.7m | Reduced -833 |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 49.2k $1.6m | Reduced -195 |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 49.1k $1.6m | Added +13.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 48.9k $1.6m | Reduced -21.1k |
| Centered Wealth LLC dba Miller Equity Capital Advisors 0.66% of their portfolio | 48.5k $1.6m | Unchanged |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 47.9k $1.5m | Added +10.7k |
| Beacon Pointe Advisors, LLC 0.02% of their portfolio | 47.4k $1.6m | Reduced -285 |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 46.2k $1.5m | Reduced -2.3k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 44.5k $1.5m | Added +3.3k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.01% of their portfolio | 44.3k $1.5m | Unchanged |
| BESSEMER GROUP INC 0.00% of their portfolio | 44.3k $1.5m | Added +10.3k |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 43.8k $1.4m | Added +32.2k |
| Orion Porfolio Solutions, LLC 0.02% of their portfolio | 42.7k $1.4m | Added +135 |
| Orion Portfolio Solutions, LLC 0.02% of their portfolio | 42.7k $1.4m | Added +135 |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 42.7k $1.4m | Reduced -9.5k |
| Ameritas Investment Partners, Inc. 0.05% of their portfolio | 41.4k $1.4m | Reduced -914 |