# EDGAR Filing Document

**Accession Number:** 0000036029
**File Stem:** 0000950123-25-008439
**Filing Date:** 2025-8
**Character Count:** 24293
**Document Hash:** 24e4afdbbe59fef0430a91ff014705a0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950123-25-008439.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0000950123-25-008439

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST FINANCIAL BANKSHARES INC
- **CENTRAL INDEX KEY:** 0000036029
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 750944023
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23917
- **FILM NUMBER:** 251221092

**BUSINESS ADDRESS:**
- **STREET 1:** 400 PINE STREET
- **CITY:** ABILENE
- **STATE:** TX
- **ZIP:** 79601
- **BUSINESS PHONE:** 325.627.7167

**MAIL ADDRESS:**
- **STREET 1:** 400 PINE STREET
- **CITY:** ABILENE
- **STATE:** TX
- **ZIP:** 79601

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** First Financial Bankshares Inc<br>**Address:** 400 Pine Street<br>Abilene, TX 79601

**Form 13F File Number:** 028-23917

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Michelle S. Hickox<br>**Title:** EVP CFO Secretary and Treasurer<br>**Phone:** (325) 627-7361

**Signature, Place, and Date of Signing:**

/s/ Michelle S. Hickox  Abilene, TX  08-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 205

**Form 13F Information Table Value Total:** $4464456987

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                                            | Form 13F File Number   |
|:---|:---|:---|
|  | First Financial Trust  Asset Management Company |  |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 |  | 629512 | 4135 | SH |  | DFND | 1 | 4135 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 15072628 | 110820 | SH |  | DFND | 1 | 110414 | 0 | 406 |
| ABBVIE INC | COM | 00287Y109 |  | 856451 | 4614 | SH |  | DFND | 1 | 4614 | 0 | 0 |
| ACADEMY SPORTS  OUTDOORS IN | COM | 00402L107 |  | 513119 | 11451 | SH |  | DFND | 1 | 11451 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 18193418 | 47026 | SH |  | DFND | 1 | 46414 | 0 | 612 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 208877 | 1472 | SH |  | DFND | 1 | 1388 | 0 | 84 |
| AES CORP | COM | 00130H105 |  | 7966586 | 757280 | SH |  | DFND | 1 | 714965 | 0 | 42315 |
| AFLAC INC | COM | 001055102 |  | 279469 | 2650 | SH |  | DFND | 1 | 2650 | 0 | 0 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 |  | 47949018 | 660182 | SH |  | DFND | 1 | 652426 | 0 | 7756 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 126318844 | 716784 | SH |  | DFND | 1 | 707901 | 0 | 8883 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 4233058 | 23863 | SH |  | DFND | 1 | 23863 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 73966900 | 337148 | SH |  | DFND | 1 | 331701 | 0 | 5447 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 65258711 | 628939 | SH |  | DFND | 1 | 626526 | 0 | 2413 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 936526 | 10942 | SH |  | DFND | 1 | 9370 | 0 | 1572 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 29833722 | 134982 | SH |  | DFND | 1 | 134421 | 0 | 561 |
| AMGEN INC | COM | 031162100 |  | 61110693 | 218870 | SH |  | DFND | 1 | 217998 | 0 | 872 |
| AON PLC | SHS CL A | G0403H108 |  | 846948 | 2374 | SH |  | DFND | 1 | 2374 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 148411977 | 723361 | SH |  | DFND | 1 | 717322 | 0 | 6039 |
| AT INC | COM | 00206R102 |  | 2989126 | 103287 | SH |  | DFND | 1 | 103287 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 322278 | 1045 | SH |  | DFND | 1 | 1045 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 79059369 | 1670739 | SH |  | DFND | 1 | 1664492 | 0 | 6247 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 728800 | 1 | SH |  | DFND | 1 | 1 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 3676307 | 7568 | SH |  | DFND | 1 | 7568 | 0 | 0 |
| BLACKROCK INC | COM | 09290D101 |  | 72290177 | 68897 | SH |  | DFND | 1 | 68615 | 0 | 282 |
| BLACKSTONE INC | COM | 09260D107 |  | 109030507 | 728911 | SH |  | DFND | 1 | 724015 | 0 | 4896 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 5036639 | 870 | SH |  | DFND | 1 | 820 | 0 | 50 |
| BROADCOM INC | COM | 11135F101 |  | 219243465 | 795369 | SH |  | DFND | 1 | 788806 | 0 | 6563 |
| CAMDEN PPTY TR | SH BEN INT | 133131102 |  | 9644461 | 85584 | SH |  | DFND | 1 | 85206 | 0 | 378 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 257227 | 1209 | SH |  | DFND | 1 | 1209 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 234208 | 3200 | SH |  | DFND | 1 | 3200 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 811747 | 2091 | SH |  | DFND | 1 | 2091 | 0 | 0 |
| CBIZ INC | COM | 124805102 |  | 209608 | 2923 | SH |  | DFND | 1 | 2923 | 0 | 0 |
| CHEMED CORP NEW | COM | 16359R103 |  | 1163763 | 2390 | SH |  | DFND | 1 | 2390 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 90329979 | 630840 | SH |  | DFND | 1 | 627977 | 0 | 2863 |
| CISCO SYS INC | COM | 17275R102 |  | 73138939 | 1054179 | SH |  | DFND | 1 | 1049292 | 0 | 4887 |
| CITIGROUP INC | COM NEW | 172967424 |  | 57030314 | 669999 | SH |  | DFND | 1 | 667499 | 0 | 2500 |
| COCA COLA CO | COM | 191216100 |  | 65243669 | 922172 | SH |  | DFND | 1 | 918249 | 0 | 3923 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 812919 | 8943 | SH |  | DFND | 1 | 8943 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 16475468 | 461627 | SH |  | DFND | 1 | 459662 | 0 | 1965 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 52344265 | 583288 | SH |  | DFND | 1 | 580662 | 0 | 2626 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 1097061 | 3399 | SH |  | DFND | 1 | 3399 | 0 | 0 |
| COOPER COS INC | COM | 216648501 |  | 237959 | 3344 | SH |  | DFND | 1 | 3272 | 0 | 72 |
| CORE NATURAL RESOURCES INC | (blank) | 218937100 |  | 2298700 | 32961 | SH |  | DFND | 1 | 32961 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 508829 | 514 | SH |  | DFND | 1 | 485 | 0 | 29 |
| CRH PLC | ORD | G25508105 |  | 968398 | 10549 | SH |  | DFND | 1 | 10000 | 0 | 549 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 292853 | 575 | SH |  | DFND | 1 | 575 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 345513 | 1055 | SH |  | DFND | 1 | 1055 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 1041628 | 5273 | SH |  | DFND | 1 | 5136 | 0 | 137 |
| DARLING INGREDIENTS INC | COM | 237266101 |  | 419237 | 11050 | SH |  | DFND | 1 | 11050 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 438318 | 862 | SH |  | DFND | 1 | 862 | 0 | 0 |
| DEXCOM INC | COM | 252131107 |  | 329083 | 3770 | SH |  | DFND | 1 | 3770 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 3045746 | 22167 | SH |  | DFND | 1 | 22167 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 926024 | 16384 | SH |  | DFND | 1 | 16384 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 280604 | 2378 | SH |  | DFND | 1 | 2378 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 87969119 | 246419 | SH |  | DFND | 1 | 245122 | 0 | 1297 |
| ELI LILLY  CO | COM | 532457108 |  | 721845 | 926 | SH |  | DFND | 1 | 926 | 0 | 0 |
| ENTERGY CORP NEW | COM | 29364G103 |  | 249360 | 3000 | SH |  | DFND | 1 | 3000 | 0 | 0 |
| EQT CORP | COM | 26884L109 |  | 2624400 | 45000 | SH |  | DFND | 1 | 45000 | 0 | 0 |
| ESPEY MFG  ELECTRS CORP | (blank) | 296650104 |  | 210449 | 4604 | SH |  | DFND | 1 | 4604 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 6180713 | 57335 | SH |  | DFND | 1 | 55780 | 0 | 1555 |
| FERGUSON ENTERPRISES INC | COMMON STOCK NEW | 31488V107 |  | 447259 | 2054 | SH |  | DFND | 1 | 2054 | 0 | 0 |
| FERRARI N V | COM | N3167Y103 |  | 359712 | 733 | SH |  | DFND | 1 | 733 | 0 | 0 |
| FIRST HORIZON CORPORATION | COM | 320517105 |  | 673312 | 31760 | SH |  | DFND | 1 | 31760 | 0 | 0 |
| FLOTEK INDS INC DEL | COM NEW | 343389409 |  | 4280400 | 290000 | SH |  | DFND | 1 | 290000 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 1083750 | 25000 | SH |  | DFND | 1 | 25000 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 275665 | 1071 | SH |  | DFND | 1 | 612 | 0 | 459 |
| GE VERNOVA INC | COM | 36828A101 |  | 2226134 | 4207 | SH |  | DFND | 1 | 4093 | 0 | 114 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 340076 | 1166 | SH |  | DFND | 1 | 1166 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 812788 | 7331 | SH |  | DFND | 1 | 7331 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1063041 | 1502 | SH |  | DFND | 1 | 1502 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 2066825 | 5395 | SH |  | DFND | 1 | 5395 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 213314 | 10431 | SH |  | DFND | 1 | 716 | 0 | 9715 |
| HOME DEPOT INC | COM | 437076102 |  | 46540915 | 126939 | SH |  | DFND | 1 | 126445 | 0 | 494 |
| HONEYWELL INTL INC | COM | 438516106 |  | 82564343 | 354536 | SH |  | DFND | 1 | 352924 | 0 | 1612 |
| HUBBELL INC | COM | 443510607 |  | 829072 | 2030 | SH |  | DFND | 1 | 2030 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 291755 | 1180 | SH |  | DFND | 1 | 1180 | 0 | 0 |
| INCYTE CORP | COM | 45337C102 |  | 3949936 | 58002 | SH |  | DFND | 1 | 53983 | 0 | 4019 |
| INGERSOLL RAND INC | COM | 45687V106 |  | 478950 | 5758 | SH |  | DFND | 1 | 5758 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 703050 | 2385 | SH |  | DFND | 1 | 2259 | 0 | 126 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 3489779 | 6422 | SH |  | DFND | 1 | 6021 | 0 | 401 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 |  | 217149 | 2982 | SH |  | DFND | 1 | 2982 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 531781 | 964 | SH |  | DFND | 1 | 934 | 0 | 30 |
| INVITATION HOMES INC | COM | 46187W107 |  | 331936 | 10120 | SH |  | DFND | 1 | 9549 | 0 | 571 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 255551 | 4098 | SH |  | DFND | 1 | 4098 | 0 | 0 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 2242733 | 35520 | SH |  | DFND | 1 | 35520 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 4070401 | 48759 | SH |  | DFND | 1 | 48759 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 169995456 | 2740978 | SH |  | DFND | 1 | 2702133 | 0 | 38845 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 30582402 | 279828 | SH |  | DFND | 1 | 278701 | 0 | 1127 |
| ISHARES TR | CORE S ETF | 464287200 |  | 2464352 | 3969 | SH |  | DFND | 1 | 3969 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 6698261 | 74933 | SH |  | DFND | 1 | 74933 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 2117447 | 43894 | SH |  | DFND | 1 | 43894 | 0 | 0 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 5257562 | 15483 | SH |  | DFND | 1 | 15483 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 472133 | 1112 | SH |  | DFND | 1 | 1112 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 780641 | 8488 | SH |  | DFND | 1 | 8488 | 0 | 0 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 307208 | 1773 | SH |  | DFND | 1 | 1773 | 0 | 0 |
| ISHARES TR | US TRSPRTION | 464287192 |  | 18899425 | 275743 | SH |  | DFND | 1 | 274867 | 0 | 876 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 104382630 | 683356 | SH |  | DFND | 1 | 680418 | 0 | 2938 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 229555666 | 791817 | SH |  | DFND | 1 | 788180 | 0 | 3637 |
| KIMBELL RTY PARTNERS LP | UNIT | 49435R102 |  | 250345 | 17933 | SH |  | DFND | 1 | 17933 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 1821935 | 2034 | SH |  | DFND | 1 | 2034 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 42680175 | 170149 | SH |  | DFND | 1 | 169606 | 0 | 543 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 3475038 | 35700 | SH |  | DFND | 1 | 33420 | 0 | 2280 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 51453465 | 111097 | SH |  | DFND | 1 | 110689 | 0 | 408 |
| LOWES COS INC | COM | 548661107 |  | 390491 | 1760 | SH |  | DFND | 1 | 1553 | 0 | 207 |
| LUMEN TECHNOLOGIES INC | COM | 550241103 |  | 225574 | 51501 | SH |  | DFND | 1 | 51501 | 0 | 0 |
| MAIN STR CAP CORP | COM | 56035L104 |  | 2355194 | 39851 | SH |  | DFND | 1 | 39474 | 0 | 377 |
| MARATHON PETE CORP | COM | 56585A102 |  | 523413 | 3151 | SH |  | DFND | 1 | 3151 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 722094 | 2643 | SH |  | DFND | 1 | 2643 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 37190875 | 66183 | SH |  | DFND | 1 | 65518 | 0 | 665 |
| MCDONALDS CORP | COM | 580135101 |  | 91411228 | 312870 | SH |  | DFND | 1 | 311709 | 0 | 1161 |
| MCKESSON CORP | COM | 58155Q103 |  | 1062531 | 1450 | SH |  | DFND | 1 | 1425 | 0 | 25 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 58926223 | 675992 | SH |  | DFND | 1 | 673302 | 0 | 2690 |
| MERCK  CO INC | COM | 58933Y105 |  | 56031110 | 707821 | SH |  | DFND | 1 | 704482 | 0 | 3339 |
| META PLATFORMS INC | CL A | 30303M102 |  | 57917185 | 78469 | SH |  | DFND | 1 | 76714 | 0 | 1755 |
| MFS MUN INCOME TR | SH BEN INT | 552738106 |  | 64501 | 12476 | SH |  | DFND | 1 | 12476 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 14293796 | 115974 | SH |  | DFND | 1 | 115617 | 0 | 357 |
| MICROSOFT CORP | COM | 594918104 |  | 313367803 | 629999 | SH |  | DFND | 1 | 625521 | 0 | 4478 |
| MICROSTRATEGY INC | CL A NEW | 594972408 |  | 709019 | 1754 | SH |  | DFND | 1 | 1754 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 53765057 | 797228 | SH |  | DFND | 1 | 793063 | 0 | 4165 |
| NETFLIX INC | COM | 64110L106 |  | 603948 | 451 | SH |  | DFND | 1 | 309 | 0 | 142 |
| NEUROCRINE BIOSCIENCES INC | COM | 64125C109 |  | 3591969 | 28578 | SH |  | DFND | 1 | 26709 | 0 | 1869 |
| NEWMONT CORP | COM | 651639106 |  | 435785 | 7480 | SH |  | DFND | 1 | 7480 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 64844389 | 934088 | SH |  | DFND | 1 | 929985 | 0 | 4103 |
| NISOURCE INC | COM | 65473P105 |  | 40375822 | 1000888 | SH |  | DFND | 1 | 996870 | 0 | 4018 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 255970 | 1000 | SH |  | DFND | 1 | 1000 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 282489 | 565 | SH |  | DFND | 1 | 565 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 26851877 | 221898 | SH |  | DFND | 1 | 220860 | 0 | 1038 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 83176206 | 526465 | SH |  | DFND | 1 | 518545 | 0 | 7920 |
| OLD DOMINION FREIGHT LINE IN | COM | 679580100 |  | 1950359 | 12017 | SH |  | DFND | 1 | 12017 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 720407 | 10014 | SH |  | DFND | 1 | 10014 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 22491780 | 102876 | SH |  | DFND | 1 | 100536 | 0 | 2340 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 7307490 | 35709 | SH |  | DFND | 1 | 33317 | 0 | 2392 |
| PEPSICO INC | COM | 713448108 |  | 69776670 | 528451 | SH |  | DFND | 1 | 526287 | 0 | 2164 |
| PERMA-PIPE INTL HLDGS INC | (blank) | 714167103 |  | 503140 | 22000 | SH |  | DFND | 1 | 22000 | 0 | 0 |
| PERMIAN BASIN RTY TR | UNIT BEN INT | 714236106 |  | 149520 | 12000 | SH |  | DFND | 1 | 12000 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 10121339 | 417547 | SH |  | DFND | 1 | 415904 | 0 | 1643 |
| PHILLIPS 66 | COM | 718546104 |  | 242179 | 2030 | SH |  | DFND | 1 | 1728 | 0 | 302 |
| PINTEREST INC | CL A | 72352L106 |  | 1793000 | 50000 | SH |  | DFND | 1 | 50000 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 543122 | 3409 | SH |  | DFND | 1 | 3274 | 0 | 135 |
| PROFRAC HLDG CORP | CLASS A COM | 74319N100 |  | 25078248 | 3231733 | SH |  | DFND | 1 | 3231733 | 0 | 0 |
| PROSPERITY BANCSHARES INC | COM | 743606105 |  | 1139152 | 16218 | SH |  | DFND | 1 | 16218 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 249401 | 1566 | SH |  | DFND | 1 | 1566 | 0 | 0 |
| REALTY INCOME CORP | COM | 756109104 |  | 11005123 | 191028 | SH |  | DFND | 1 | 190772 | 0 | 256 |
| RENAISSANCERE HLDGS LTD | COM | G7496G103 |  | 905045 | 3726 | SH |  | DFND | 1 | 3726 | 0 | 0 |
| REPLIGEN CORP | COM | 759916109 |  | 678369 | 5454 | SH |  | DFND | 1 | 5454 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 985947 | 3998 | SH |  | DFND | 1 | 3959 | 0 | 39 |
| REX AMERICAN RES CORP | COM | 761624105 |  | 974200 | 20000 | SH |  | DFND | 1 | 20000 | 0 | 0 |
| ROYAL CARIBBEAN GROUP | COM | V7780T103 |  | 308130 | 984 | SH |  | DFND | 1 | 984 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 786902 | 5389 | SH |  | DFND | 1 | 5389 | 0 | 0 |
| RUMBLEON INC | COM CL B | 781386305 |  | 231783 | 100339 | SH |  | DFND | 1 | 100339 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 15749098 | 29868 | SH |  | DFND | 1 | 29724 | 0 | 144 |
| SALESFORCE INC | COM | 79466L302 |  | 21825835 | 80039 | SH |  | DFND | 1 | 78256 | 0 | 1783 |
| SAN JUAN BASIN RTY TR | UNIT BEN INT | 798241105 |  | 224250 | 37500 | SH |  | DFND | 1 | 37500 | 0 | 0 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 20837971 | 616508 | SH |  | DFND | 1 | 614285 | 0 | 2223 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 237771 | 2606 | SH |  | DFND | 1 | 2606 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 795424 | 32546 | SH |  | DFND | 1 | 32546 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 36711396 | 449564 | SH |  | DFND | 1 | 446771 | 0 | 2793 |
| SERVICENOW INC | COM | 81762P102 |  | 26747558 | 26017 | SH |  | DFND | 1 | 25898 | 0 | 119 |
| SOUTHERN CO | COM | 842587107 |  | 274847 | 2993 | SH |  | DFND | 1 | 2993 | 0 | 0 |
| SOUTHERN MO BANCORP INC | COM | 843380106 |  | 842900 | 15387 | SH |  | DFND | 1 | 15387 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 5498247 | 8899 | SH |  | DFND | 1 | 8853 | 0 | 46 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 370478 | 654 | SH |  | DFND | 1 | 654 | 0 | 0 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 479564 | 5228 | SH |  | DFND | 1 | 4887 | 0 | 341 |
| SPDR SERIES TRUST | S REGL BKG | 78464A698 |  | 23210265 | 390811 | SH |  | DFND | 1 | 383985 | 0 | 6826 |
| STARBUCKS CORP | COM | 855244109 |  | 21756077 | 237434 | SH |  | DFND | 1 | 236484 | 0 | 950 |
| STIFEL FINL CORP | COM | 860630102 |  | 1871465 | 18033 | SH |  | DFND | 1 | 18033 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 617865 | 2728 | SH |  | DFND | 1 | 2299 | 0 | 429 |
| TARGET CORP | COM | 87612E106 |  | 205981 | 2088 | SH |  | DFND | 1 | 2088 | 0 | 0 |
| TE CONNECTIVITY PLC | ORD SHS | G87052109 |  | 430783 | 2554 | SH |  | DFND | 1 | 2554 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 3223931 | 10149 | SH |  | DFND | 1 | 9580 | 0 | 569 |
| TEXAS INSTRS INC | COM | 882508104 |  | 421053 | 2028 | SH |  | DFND | 1 | 2028 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 507636 | 1252 | SH |  | DFND | 1 | 1235 | 0 | 17 |
| TOTALENERGIES SE | SPONSORED ADS | 89151E109 |  | 217075 | 3536 | SH |  | DFND | 1 | 3536 | 0 | 0 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 1078216 | 2465 | SH |  | DFND | 1 | 2446 | 0 | 19 |
| TRI CONTL CORP | COM | 895436103 |  | 402715 | 12720 | SH |  | DFND | 1 | 12720 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 7216102 | 77343 | SH |  | DFND | 1 | 72363 | 0 | 4980 |
| UNION PAC CORP | COM | 907818108 |  | 20709041 | 90008 | SH |  | DFND | 1 | 89105 | 0 | 903 |
| UNITED THERAPEUTICS CORP DEL | COM | 91307C102 |  | 4058531 | 14124 | SH |  | DFND | 1 | 13369 | 0 | 755 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 12740231 | 40838 | SH |  | DFND | 1 | 40625 | 0 | 213 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 396136 | 2947 | SH |  | DFND | 1 | 1850 | 0 | 1097 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 186375864 | 2531249 | SH |  | DFND | 1 | 2499444 | 0 | 31805 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 216029 | 772 | SH |  | DFND | 1 | 772 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 18655220 | 209468 | SH |  | DFND | 1 | 207854 | 0 | 1614 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 7051524 | 12414 | SH |  | DFND | 1 | 12309 | 0 | 105 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 376324 | 1588 | SH |  | DFND | 1 | 1588 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 201506 | 663 | SH |  | DFND | 1 | 663 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 47439411 | 959147 | SH |  | DFND | 1 | 954706 | 0 | 4441 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 22165013 | 267306 | SH |  | DFND | 1 | 264070 | 0 | 3236 |
| VANGUARD SCOTTSDALE FDS | LONG TERM TREAS | 92206C847 |  | 18556303 | 330654 | SH |  | DFND | 1 | 326812 | 0 | 3842 |
| VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 |  | 42744572 | 922412 | SH |  | DFND | 1 | 911976 | 0 | 10436 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 71576877 | 1217708 | SH |  | DFND | 1 | 1200433 | 0 | 17275 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 79391563 | 998636 | SH |  | DFND | 1 | 984727 | 0 | 13909 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 92206C680 |  | 551788 | 5053 | SH |  | DFND | 1 | 5053 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 256656 | 1254 | SH |  | DFND | 1 | 1254 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 123306587 | 2162894 | SH |  | DFND | 1 | 2152237 | 0 | 10657 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 360824 | 544 | SH |  | DFND | 1 | 544 | 0 | 0 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 |  | 284880 | 778 | SH |  | DFND | 1 | 778 | 0 | 0 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 534491 | 1856 | SH |  | DFND | 1 | 1856 | 0 | 0 |
| VERALTO CORP | COM SHS | 92338C103 |  | 377149 | 3736 | SH |  | DFND | 1 | 3736 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 324265 | 7494 | SH |  | DFND | 1 | 6949 | 0 | 545 |
| VISA INC | COM CL A | 92826C839 |  | 1002306 | 2823 | SH |  | DFND | 1 | 2823 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 219199 | 1131 | SH |  | DFND | 1 | 0 | 0 | 1131 |
| VITAL FARMS INC | COM | 92847W103 |  | 385200 | 10000 | SH |  | DFND | 1 | 10000 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 48518631 | 496202 | SH |  | DFND | 1 | 493947 | 0 | 2255 |
| WILLIAMS COS INC | COM | 969457100 |  | 92231209 | 1468416 | SH |  | DFND | 1 | 1462910 | 0 | 5506 |

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