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Texas First Investment Management Company
TEXAS FIRST INVESTMENT MANAGEMENT COMPANY is an SEC-registered investment adviser. The firm manages approximately $200,000 in regulatory assets.
Overview
TEXAS FIRST INVESTMENT MANAGEMENT COMPANY is an SEC-registered investment adviser. The firm manages approximately $200,000 in regulatory assets. It has 1 employee and 1 investment adviser.
General information
Firm type
RIA
Location
Region
North America
Country
United States
City
Houston
Corporate office
Houston, TX, United States
Principals
Fayez Sarofim
Founder and Chairman (deceased 2022)
Sector focus
Frequently asked questions
Who runs investment decisions at Texas First Investment Management Company now?
Christopher Sarofim, the son of founder Fayez Sarofim, assumed leadership following his father's death in 2022. Christopher had previously managed Sarofim Ventures, a separate partnership focused on public equities and venture investments. The succession maintains direct family oversight of the private investment portfolio.
How is Texas First Investment Management Company related to Fayez Sarofim & Co.?
Texas First Investment Management Company handled the private family capital, while Fayez Sarofim & Co. operated as a registered investment advisor serving external institutional and high-net-worth clients. Both entities shared a concentrated large-cap equity philosophy but maintained legally separate portfolios and client bases.
What investment sectors did Fayez Sarofim concentrate on?
Sarofim built positions in consumer staples, energy, and financial services. Philip Morris and Coca-Cola were signature multi-decade holdings. Energy exposure reflected his Houston base and included positions in Kinder Morgan. The strategy avoided technology names during the dot-com era, emphasizing predictable free-cash-flow generation above growth narratives.
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