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 ($1.6m this quarter). Holder counts are more reliable. Shares outstanding: 143.3m as of 2026-08-04, 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 ≈ $34.60. Options: 1 managers hold calls ($13.8k notional), 0 hold puts (—).
Trends to Q2 2026
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 |
| Q1 2025 | 340 |
| Q2 2025 | 341 |
| Q3 2025 | 344 |
| Q4 2025 | 340 |
| Q1 2026 | 339 |
| Q2 2026 | 354 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 124 | 144 |
| Q4 2024 | 142 | 128 |
| Q1 2025 | 168 | 137 |
| Q2 2025 | 169 | 143 |
| Q3 2025 | 175 | 133 |
| Q4 2025 | 145 | 178 |
| Q1 2026 | 177 | 141 |
| Q2 2026 | 194 | 122 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $434.1k | $982.6k | 2.26 |
| Q4 2025 | $0 | $0 | — |
| Q1 2026 | $11.8k | $0 | 0.00 |
| Q2 2026 | $13.8k | $0 | 0.00 |
Biggest buyers
| AQR CAPITAL MANAGEMENT LLC | Added | +1.2m |
| BlackRock, Inc. | Added | +1.1m |
| Xcelsior Advisor Partners LLC | Added | +737.4k |
| CITADEL ADVISORS LLC | Added | +650.7k |
| NEUBERGER BERMAN GROUP LLC | Added | +639.2k |
| FULLER & THALER ASSET MANAGEMENT, INC. | Added | +359.6k |
| GOLDMAN SACHS GROUP INC | Added | +296.4k |
| TWO SIGMA INVESTMENTS, LP | Added | +242.9k |
| STATE STREET CORP | Added | +235.0k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +217.6k |
Biggest sellers
| TUDOR INVESTMENT CORP ET AL | Reduced | -339.4k |
| Invesco Ltd. | Reduced | -298.8k |
| ExodusPoint Capital Management, LP | Sold out | -278.9k |
| BANK OF AMERICA CORP /DE/ | Reduced | -236.5k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Reduced | -232.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -231.3k |
| Champlain Investment Partners, LLC | Reduced | -196.7k |
| COMMONWEALTH EQUITY SERVICES, LLC | Reduced | -191.8k |
| Squarepoint Ops LLC | Reduced | -181.8k |
| UBS Group AG | Reduced | -164.5k |
Biggest calls
| SIMPLEX TRADING, LLC | Unchanged | $13.8k400 shares |
Biggest puts
| None |
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 since 1 Apr 2026
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 |
|---|---|---|---|---|---|
| Q4 2024 | 1 | $10.2k | 2 | $1.3m | — |
| Q1 2025 | 2 | $229.3k | 0 | — | — |
| Q2 2025 | 3 | $227.6k | 0 | — | — |
| Q3 2025 | 1 | $20.2k | 0 | — | — |
| Q4 2025 | 4 | $166.4k | 0 | — | — |
| Q1 2026 | 7 | $857.4k | 0 | — | — |
| Q2 2026 | 2 | $54.4k | 0 | — | — |
| Q3 2026 | 2 | $128.4k | 1 | $524.3k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-18 | Denny Michael B. Director · By IRA | Bought | $104.0k3.0k shares |
| 2026-08-17 | Butler Ronald David II EVP/CAO | Sold | $524.3k15.0k shares |
| 2026-07-24 | Nickles Robert Clark Jr Director · By Limited Liability Corporation | Bought | $24.4k700 shares |
| 2026-06-11 | Edwards Murray Hamilton Director · By Trust | Bought | $33.2k1.0k shares |
| 2026-05-05 | Nickles Robert Clark Jr Director · By Limited Liability Corporation | Bought | $21.2k664 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 18.2m $630.9m | Added +1.1m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 7.3m $252.7m | Added +101.8k |
| STATE STREET CORP 0.01% of their portfolio | 6.8m $235.2m | Added +235.0k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 5.6m $193.0m | Reduced -3.8k |
| NEUBERGER BERMAN GROUP LLC 0.10% of their portfolio | 4.5m $155.2m | Added +639.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.9m $134.9m | Added +217.6k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 3.4m $117.3m | Added +1.2m |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.32% of their portfolio | 3.0m $104.4m | Reduced -232.1k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.9m $98.9m | Added +97.4k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.24% of their portfolio | 2.6m $88.3m | Added +359.6k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.0m $70.3m | Added +296.4k |
| MORGAN STANLEY 0.00% of their portfolio | 2.0m $69.9m | Added +100.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.8m $60.8m | Added +31.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.7m $59.1m | Added +65.3k |
| NORGES BANK 0.00% of their portfolio | 1.4m $48.4m | Not comparable |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.2m $39.9m | Reduced -5.5k |
| Invesco Ltd. 0.00% of their portfolio | 1.0m $34.9m | Reduced -298.8k |
| Champlain Investment Partners, LLC 0.87% of their portfolio | 976.4k $33.8m | Reduced -196.7k |
| Xcelsior Advisor Partners LLC 4.44% of their portfolio | 971.8k $33.6m | Added +737.4k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 895.7k $31.0m | Reduced -13.4k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 872.2k $30.2m | Added +650.7k |
| ProShare Advisors LLC 0.04% of their portfolio | 836.5k $28.9m | Added +56.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 811.5k $28.1m | Added +106.8k |
| Nuveen, LLC 0.01% of their portfolio | 802.8k $27.8m | Added +37.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 724.4k $25.1m | Reduced -236.5k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 672.3k $23.3m | Reduced -21.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 596.1k $20.6m | Added +100.9k |
| FMR LLC 0.00% of their portfolio | 537.2k $18.6m | Added +131.2k |
| ROYCE & ASSOCIATES LP 0.15% of their portfolio | 526.3k $18.2m | Added +171.7k |
| AXIOM INVESTORS LLC /DE 0.16% of their portfolio | 520.9k $18.0m | Added +84.9k |
| UBS Group AG 0.00% of their portfolio | 490.8k $17.0m | Reduced -164.5k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.16% of their portfolio | 471.6k $16.3m | Reduced -26.0k |
| JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio | 444.4k $15.7m | Added +16.0k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 433.6k $15.0m | Added +22.4k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 431.2k $14.9m | Added +242.9k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 421.0k $14.6m | Added +9.9k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 409.9k $14.2m | Added +105.8k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 368.2k $12.7m | Added +41.1k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 351.7k $12.2m | Reduced -18.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 301.0k $10.4m | Added +3.9k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 269.0k $7.9m | Added +4.5k |
| Swiss National Bank 0.00% of their portfolio | 258.7k $9.0m | Added +17.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 252.7k $8.7m | Added +10.2k |
| California Public Employees Retirement System 0.00% of their portfolio | 243.7k $8.4m | Added +7.1k |
| ALGERT GLOBAL LLC 0.09% of their portfolio | 217.9k $7.5m | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 211.6k $7.5m | Reduced -15.1k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 206.5k $7.1m | Added +99.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 202.2k $7.0m | Reduced -26.4k |
| CITIGROUP INC 0.00% of their portfolio | 191.9k $6.6m | Reduced -3.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 188.1k $6.5m | Reduced -1.6k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 188.0k $6.5m | Added +75.6k |
| LPL Financial LLC 0.00% of their portfolio | 187.6k $6.5m | Reduced -7.6k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 185.8k $6.4m | Reduced -191.8k |
| Phocas Financial Corp. 0.89% of their portfolio | 185.8k $6.4m | Reduced -9.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 184.6k $6.4m | Added +29.1k |
| Legal & General Group Plc 0.00% of their portfolio | 184.0k $6.4m | Added +6.1k |
| Man Group plc 0.01% of their portfolio | 176.3k $6.1m | Reduced -40.2k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 174.5k $6.0m | Added +50.8k |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 168.6k $5.8m | Reduced -339.4k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.37% of their portfolio | 166.1k $5.7m | Added +110.8k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.02% of their portfolio | 165.0k $5.7m | Added +6.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 156.2k $5.4m | Added +63.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 147.2k $5.1m | Added +12.8k |
| CFM WEALTH PARTNERS LLC 0.62% of their portfolio | 139.3k $4.8m | Reduced -3.4k |
| MetLife Investment Management, LLC 0.02% of their portfolio | 138.6k $4.8m | Added +1.9k |
| Creative Planning 0.00% of their portfolio | 136.4k $4.7m | Added +49.9k |
| Retirement Systems of Alabama 0.01% of their portfolio | 134.9k $4.7m | Reduced -24.9k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 127.5k $4.4m | Added +63.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 127.2k $4.4m | Added +41 |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 121.3k $4.2m | Added +7.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 111.1k $3.8m | Added +4.0k |
| AWM CAPITAL, LLC 0.27% of their portfolio | 98.3k $3.4m | Added +624 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.06% of their portfolio | 98.1k $3.4m | Added +7.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 97.0k $3.4m | Reduced -3.5k |
| Bridge City Capital, LLC 0.76% of their portfolio | 96.5k $3.3m | Reduced -1.9k |
| Watchman Group, Inc. 0.74% of their portfolio | 95.3k $3.3m | Reduced -288 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio | 90.5k $3.1m | Added +19.4k |
| Sanctuary Advisors, LLC 0.01% of their portfolio | 90.3k $3.1m | Added +53 |
| Mariner, LLC 0.00% of their portfolio | 87.3k $3.0m | Added +61.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 86.6k $3.0m | Added +12.9k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 84.9k $2.9m | Added +31.3k |
| Holocene Advisors, LP 0.01% of their portfolio | 84.7k $2.9m | Reduced -9.0k |
| Smart Money Group LLC 0.72% of their portfolio | 80.6k $2.8m | Added +354 |
| Numerai GP LLC 0.22% of their portfolio | 78.7k $2.7m | Reduced -42.2k |
| Strategic Financial Concepts, LLC 0.80% of their portfolio | 77.8k $2.7m | Reduced -1.4k |
| BRIDGES INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 77.1k $2.7m | Added +302 |
| Rosenthal | Henry Capital Advisors, Inc. 2.27% of their portfolio | 75.1k $2.6m | Unchanged |
| Prime Capital Investment Advisors, LLC 0.03% of their portfolio | 74.8k $2.6m | Reduced -4 |
| BARCLAYS PLC 0.00% of their portfolio | 73.1k $2.5m | Reduced -51.4k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 73.0k $2.5m | Reduced -1.5k |
| Cerity Partners LLC 0.00% of their portfolio | 70.1k $2.4m | Added +45.1k |
| Waterloo Capital, L.P. 0.14% of their portfolio | 69.3k $2.4m | Added +330 |
| Rafferty Asset Management, LLC 0.01% of their portfolio | 66.2k $2.3m | Reduced -28.4k |
| DOLIVER ADVISORS, LP 0.51% of their portfolio | 64.9k $2.2m | Reduced -100 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio | 62.6k $2.2m | Added +22.8k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 61.7k $2.1m | Reduced -1.4k |
| AMALGAMATED BANK 0.01% of their portfolio | 55.5k $1.9m | Reduced -1.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 54.2k $1.9m | Added +4.7k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 54.1k $1.9m | Reduced -13.9k |
| Jupiter Topco LLC 0.00% of their portfolio | 53.4k $1.8m | First filing |