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 ($2.2m this quarter). Holder counts are more reliable. Shares outstanding: 142.9m as of 2024-11-04, 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 ≈ $36.07. Options: 5 managers hold calls ($3.1m notional), 5 hold puts ($1.6m).
Trends to Q4 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 |
| Q2 2024 | 298 |
| Q3 2024 | 301 |
| Q4 2024 | 324 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 138 | 127 |
| Q2 2023 | 125 | 122 |
| Q3 2023 | 127 | 131 |
| Q4 2023 | 134 | 120 |
| Q1 2024 | 124 | 123 |
| Q2 2024 | 145 | 111 |
| Q3 2024 | 124 | 144 |
| Q4 2024 | 142 | 128 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $833.1k | $715.3k | 0.86 |
| Q2 2024 | $1.1m | $1.5m | 1.36 |
| Q3 2024 | $3.8m | $629.0k | 0.17 |
| Q4 2024 | $3.1m | $1.6m | 0.52 |
Biggest buyers
| BlackRock, Inc. | Added | +542.8k |
| AXIOM INVESTORS LLC /DE | New | +469.8k |
| STATE STREET CORP | Added | +242.3k |
| Cubist Systematic Strategies, LLC | Added | +198.0k |
| NORGES BANK | Added | +177.1k |
| UBS Group AG | Added | +168.5k |
| NORTHERN TRUST CORP | Added | +133.3k |
| TUDOR INVESTMENT CORP ET AL | Added | +120.6k |
| MORGAN STANLEY | Added | +115.0k |
| VANGUARD GROUP INC | Added | +110.9k |
Biggest sellers
| Champlain Investment Partners, LLC | Reduced | -777.1k |
| First Financial Bankshares Inc | Reduced | -514.3k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -497.8k |
| NEUBERGER BERMAN GROUP LLC | Reduced | -387.6k |
| JPMORGAN CHASE & CO | Reduced | -236.2k |
| Nuveen Asset Management, LLC | Reduced | -165.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -132.6k |
| JANE STREET GROUP, LLC | Reduced | -125.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -125.4k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -109.0k |
Biggest calls
| GOLDMAN SACHS GROUP INC | Reduced | $2.5m70.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $374.9k10.4k shares |
| CITADEL ADVISORS LLC | Reduced | $173.0k4.8k shares |
| GROUP ONE TRADING LLC | Reduced | $43.3k1.2k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $803.9k22.3k shares |
| CITADEL ADVISORS LLC | Reduced | $331.7k9.2k shares |
| GROUP ONE TRADING LLC | Added | $288.4k8.0k shares |
| SIMPLEX TRADING, LLC | Added | $194.0k5.4k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2024 | 6 | $415.8k | 0 | — | — |
| Q3 2024 | 1 | $18.5k | 0 | — | — |
| Q4 2024 | 1 | $10.2k | 2 | $1.3m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-12-12 | DUESER F SCOTT Chairman, President and CEO, director · By Partnership | Sold | $1.0m25.0k shares |
| 2024-11-19 | Edwards Murray Hamilton Director · By Trust | Bought | $10.2k250 shares |
| 2024-11-07 | Denny Michael B. Director · By Limited Partnership | Sold | $287.8k7.0k 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, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 17.5m $631.4m | Added +542.8k |
| First Financial Bankshares Inc 13.50% of their portfolio | 17.3m $624.2m | Reduced -514.3k |
| VANGUARD GROUP INC 0.01% of their portfolio | 14.1m $508.1m | Added +110.9k |
| STATE STREET CORP 0.01% of their portfolio | 6.5m $234.3m | Added +242.3k |
| MORGAN STANLEY 0.01% of their portfolio | 3.4m $123.4m | Added +115.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.3m $119.5m | Reduced -48.7k |
| NEUBERGER BERMAN GROUP LLC 0.08% of their portfolio | 2.9m $105.4m | Reduced -387.6k |
| Champlain Investment Partners, LLC 0.62% of their portfolio | 2.7m $98.7m | Reduced -777.1k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.6m $92.7m | Added +42.3k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.15% of their portfolio | 1.8m $65.4m | Reduced -34.5k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.8m $64.0m | Added +133.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.7m $61.5m | Added +4.6k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.4m $49.9m | Added +31.4k |
| NORGES BANK 0.01% of their portfolio | 1.3m $47.8m | Added +177.1k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 1.1m $39.4m | Reduced -165.7k |
| Invesco Ltd. 0.01% of their portfolio | 1.1m $38.9m | Reduced -1.8k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.1m $38.6m | Reduced -78.6k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.13% of their portfolio | 915.9k $33.0m | Reduced -13.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 850.8k $30.7m | Reduced -93.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 687.3k $24.8m | Reduced -236.2k |
| NATIXIS ADVISORS, LLC 0.04% of their portfolio | 605.3k $21.8m | Reduced -8.1k |
| NFJ INVESTMENT GROUP, LLC 0.68% of their portfolio | 584.4k $21.1m | Reduced -21.3k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 480.9k $17.3m | Added +8.8k |
| AXIOM INVESTORS LLC /DE 0.12% of their portfolio | 469.8k $16.9m | New |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.17% of their portfolio | 438.7k $15.8m | Added +44.8k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio | 436.6k $15.7m | Reduced -534 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 423.8k $15.3m | Reduced -68.1k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 415.8k $15.0m | Reduced -129 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 377.0k $13.6m | Reduced -125.4k |
| UBS Group AG 0.00% of their portfolio | 347.0k $12.5m | Added +168.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 337.1k $12.2m | Added +35.9k |
| BARCLAYS PLC 0.01% of their portfolio | 336.3k $12.1m | Added +46.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 323.6k $11.7m | Reduced -21.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 299.3k $10.8m | Reduced -2.2k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 272.2k $9.8m | Reduced -1.6k |
| CITIGROUP INC 0.01% of their portfolio | 260.2k $9.4m | Added +9.7k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 256.3k $9.2m | Added +32.7k |
| Swiss National Bank 0.01% of their portfolio | 238.8k $8.6m | Added +1.7k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 231.4k $8.3m | First filing |
| California Public Employees Retirement System 0.01% of their portfolio | 215.9k $7.8m | Reduced -7.4k |
| EMERALD ADVISERS, LLC 0.30% of their portfolio | 214.5k $7.7m | Reduced -8.1k |
| Cubist Systematic Strategies, LLC 0.12% of their portfolio | 209.5k $7.6m | Added +198.0k |
| Corebridge Financial, Inc. 0.04% of their portfolio | 209.3k $7.5m | Reduced -11.3k |
| EULAV Asset Management 0.18% of their portfolio | 206.5k $7.4m | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 204.5k $7.4m | Added +6.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 197.4k $7.1m | Reduced -100 |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 195.7k $7.1m | Reduced -2.6k |
| ROYCE & ASSOCIATES LP 0.06% of their portfolio | 185.1k $6.7m | Added +58.1k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 177.6k $6.4m | Reduced -109.0k |
| CFM WEALTH PARTNERS LLC 1.01% of their portfolio | 166.4k $6.0m | Reduced -4.0k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 164.9k $5.9m | Reduced -497.8k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 162.1k $5.8m | Added +38.1k |
| Man Group plc 0.02% of their portfolio | 160.6k $5.8m | Reduced -9.8k |
| Retirement Systems of Alabama 0.02% of their portfolio | 156.4k $5.6m | Added +213 |
| MetLife Investment Management, LLC 0.03% of their portfolio | 148.7k $5.4m | Added +10.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 147.7k $5.3m | Reduced -2.7k |
| FMR LLC 0.00% of their portfolio | 147.6k $5.3m | Added +34.2k |
| TUDOR INVESTMENT CORP ET AL 0.05% of their portfolio | 133.5k $4.8m | Added +120.6k |
| EMERALD MUTUAL FUND ADVISERS TRUST 0.29% of their portfolio | 131.8k $4.8m | Reduced -53.2k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 117.1k $4.2m | Reduced -83.7k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 115.2k $4.2m | Reduced -1.5k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 114.4k $4.1m | Reduced -2.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 114.2k $4.1m | Reduced -1.3k |
| Smart Money Group LLC 1.32% of their portfolio | 106.2k $3.8m | Unchanged |
| JUPITER ASSET MANAGEMENT LTD 0.04% of their portfolio | 104.6k $3.8m | New |
| Sanctuary Advisors, LLC 0.02% of their portfolio | 104.6k $3.9m | Reduced -9.0k |
| Bridge City Capital, LLC 0.99% of their portfolio | 103.2k $3.7m | Added +917 |
| Rafferty Asset Management, LLC 0.01% of their portfolio | 98.9k $3.6m | Reduced -41.9k |
| PANAGORA ASSET MANAGEMENT INC 0.02% of their portfolio | 98.1k $3.5m | New |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 97.2k $3.5m | New |
| AWM CAPITAL, LLC 0.43% of their portfolio | 97.1k $3.5m | Added +5 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 93.2k $3.4m | Added +9.0k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 91.9k $3.3m | Added +67.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 83.8k $3.0m | Added +26.8k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.01% of their portfolio | 82.8k $3.0m | Unchanged |
| Rosenthal | Henry Capital Advisors, Inc. 2.69% of their portfolio | 80.5k $2.9m | Unchanged |
| Strategic Financial Concepts, LLC 0.55% of their portfolio | 80.2k $2.9m | Added +2.4k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 78.3k $2.8m | Added +53.1k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 75.4k $2.7m | Reduced -870 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio | 74.1k $2.7m | Added +2.9k |
| Cullen/Frost Bankers, Inc. 0.03% of their portfolio | 67.0k $2.4m | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 66.0k $2.4m | Unchanged |
| DOLIVER ADVISORS, LP 0.66% of their portfolio | 65.8k $2.4m | Reduced -700 |
| HighTower Advisors, LLC 0.00% of their portfolio | 62.1k $2.2m | Added +749 |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 60.9k $2.2m | Reduced -406 |
| AMALGAMATED BANK 0.02% of their portfolio | 59.0k $2.1m | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 58.0k $2.1m | Reduced -5.6k |
| Holocene Advisors, LP 0.01% of their portfolio | 57.3k $2.1m | Reduced -21.8k |
| Creative Planning 0.00% of their portfolio | 54.2k $2.0m | Added +3.6k |
| Garrett Wealth Advisory Group, LLC 0.44% of their portfolio | 53.5k $1.9m | Added +14.9k |
| State of Tennessee, Department of Treasury 0.01% of their portfolio | 53.5k $1.9m | Reduced -1.5k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 53.4k $1.9m | Unchanged |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 52.8k $1.9m | Added +6.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 50.2k $1.8m | Reduced -71.0k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 50.2k $1.8m | Added +33.5k |
| Centered Wealth LLC dba Miller Equity Capital Advisors 0.67% of their portfolio | 48.5k $1.7m | Unchanged |
| Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio | 47.4k $1.7m | Reduced -600 |
| Beacon Pointe Advisors, LLC 0.02% of their portfolio | 47.1k $1.7m | Added +1.3k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 47.0k $1.7m | Reduced -6.3k |
| CWM, LLC 0.01% of their portfolio | 46.2k $1.7m | Added +663 |