COMMERCE BANK

KANSAS CITY, MO · CIK 1009076 · 13F filing filed 2026-08-12

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityCommerce Bank (US)

$22.8bn reported value +10.3% vs Q1 2026

1,332positions

29.3%in top 10

83 new 395 added 654 reduced 61 sold out vs Q1 2026

This report includes the holdings of 2 other managers that share the investment decisions:

COMMERCE BANCSHARES INC /MO/ – reports through this filing
COMMERCE INVESTMENT ADVISORS, INC. – no 13F of its own this quarter

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	APPLE INC COM AAPL	AAPL	4,274,243	$1.2bn5.43%	5.43%	Reduced -48.2k	-48,243 -1.1%
2	NVIDIA CORPORATION COM NVDA	NVDA	5,152,698	$1.0bn4.53%	4.53%	Added +8.3k	+8,321 0.2%
3	ALPHABET INC CAP STK CL A GOOGL	GOOGL	2,668,769	$953.7m4.19%	4.19%	Reduced -25.1k	-25,086 -0.9%
4	MICROSOFT CORP COM MSFT	MSFT	2,172,142	$810.3m3.56%	3.56%	Added +9.8k	+9,792 0.5%
5	AMAZON COM INC COM AMZN	AMZN	2,613,793	$623.0m2.73%	2.73%	Reduced -423	-423 -0.0%
6	BROADCOM INC COM AVGO	AVGO	1,437,167	$542.9m2.38%	2.38%	Reduced -45.7k	-45,678 -3.1%
7	JPMORGAN CHASE & CO COM JPM	JPM	1,297,817	$424.8m1.86%	1.86%	Reduced -52.9k	-52,877 -3.9%
8	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	496,436	$370.7m1.63%	1.63%	Reduced -5.1k	-5,067 -1.0%
9	ISHARES TR CORE S&P500 ETF IVV	IVV	476,427	$356.8m1.57%	1.57%	Added +8.1k	+8,057 1.7%
10	COMMERCE BANCSHARES INC COM CBSH	CBSH	5,472,030	$316.0m1.39%	1.39%	Reduced -1.5m	-1,538,259 -21.9%
11	ISHARES TR RUS MDCP VAL ETF IWS	IWS	1,912,761	$314.8m1.38%	1.38%	Reduced -67.7k	-67,691 -3.4%
12	CATERPILLAR INC COM CAT	CAT	270,388	$287.9m1.26%	1.26%	Added +10.9k	+10,906 4.2%
13	ALPHABET INC CAP STK CL C GOOG	GOOG	777,110	$274.6m1.21%	1.21%	Reduced -10.8k	-10,795 -1.4%
14	MORGAN STANLEY COM NEW MS	MS	1,219,953	$255.0m1.12%	1.12%	Reduced -66.1k	-66,058 -5.1%
15	JOHNSON & JOHNSON COM JNJ	JNJ	990,481	$251.6m1.10%	1.10%	Added +18.5k	+18,546 1.9%
16	ELI LILLY & CO COM LLY	LLY	196,251	$235.4m1.03%	1.03%	Added +5.0k	+5,021 2.6%
17	VISA INC COM CL A V	V	684,312	$234.8m1.03%	1.03%	Reduced -10.9k	-10,889 -1.6%
18	EXXON MOBIL CORP COM XOM	XOM	1,657,796	$226.7m0.99%	0.99%	Reduced -12.0k	-11,992 -0.7%
19	ISHARES TR RUS 1000 GRW ETF IWF	IWF	1,805,561	$224.2m0.98%	0.98%	Reduced -52.7k	-52,743 -2.8%
20	ISHARES TR RUS MD CP GR ETF IWP	IWP	1,523,545	$223.1m0.98%	0.98%	Reduced -94.4k	-94,353 -5.8%
21	META PLATFORMS INC CL A META	META	390,909	$220.2m0.97%	0.97%	Reduced -23.3k	-23,280 -5.6%
22	PROCTER AND GAMBLE CO COM PG	PG	1,427,236	$209.3m0.92%	0.92%	Reduced -23.9k	-23,908 -1.6%
23	ISHARES TR RUSSELL 2000 ETF IWM	IWM	688,092	$206.7m0.91%	0.91%	Added +6.5k	+6,462 0.9%
24	PALO ALTO NETWORKS INC COM PANW	PANW	590,311	$201.3m0.88%	0.88%	Added +5.2k	+5,212 0.9%
25	UNITED PARCEL SERVICE INC CL B UPS	UPS	1,740,607	$187.1m0.82%	0.82%	Reduced -2.3k	-2,293 -0.1%
26	ISHARES TR ISHARES BIOTECH IBB	IBB	909,315	$172.9m0.76%	0.76%	Added +27.7k	+27,683 3.1%
27	NVENT ELECTRIC PLC SHS NVT	NVT	961,845	$163.1m0.72%	0.72%	Reduced -145.4k	-145,373 -13.1%
28	ISHARES TR RUS 1000 VAL ETF IWD	IWD	663,733	$160.9m0.71%	0.71%	Reduced -43.1k	-43,069 -6.1%
29	MERCK & CO INC COM MRK	MRK	1,238,538	$159.2m0.70%	0.70%	Added +50.5k	+50,507 4.2%
30	ISHARES TR RUS MID CAP ETF IWR	IWR	1,439,471	$158.8m0.70%	0.70%	Reduced -38.5k	-38,477 -2.6%
31	NEXTERA ENERGY INC COM NEE	NEE	1,618,174	$142.0m0.62%	0.62%	Added +107.3k	+107,320 7.1%
32	UNION PAC CORP COM UNP	UNP	518,029	$140.9m0.62%	0.62%	Added +3.2k	+3,228 0.6%
33	PARKER-HANNIFIN CORP COM PH	PH	143,758	$140.6m0.62%	0.62%	Reduced -351	-351 -0.2%
34	MCDONALDS CORP COM MCD	MCD	516,595	$139.6m0.61%	0.61%	Reduced -4.0k	-3,976 -0.8%
35	WALMART INC COM WMT	WMT	1,230,691	$139.4m0.61%	0.61%	Reduced -10.2k	-10,186 -0.8%
36	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	278,038	$139.1m0.61%	0.61%	Reduced -3.0k	-3,039 -1.1%
37	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	370,029	$136.9m0.60%	0.60%	Added +85.1k	+85,054 29.9%
38	ABBVIE INC COM ABBV	ABBV	534,937	$134.6m0.59%	0.59%	Reduced -10.1k	-10,135 -1.9%
39	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	195,515	$134.3m0.59%	0.59%	Added +9.9k	+9,898 5.3%
40	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	254,838	$127.8m0.56%	0.56%	Reduced -8.5k	-8,533 -3.2%
41	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	1,735,215	$123.6m0.54%	0.54%	Added +90.2k	+90,235 5.5%
42	RTX CORPORATION COM RTX	RTX	639,400	$121.3m0.53%	0.53%	Reduced -9.3k	-9,341 -1.4%
43	LOWES COS INC COM LOW	LOW	530,801	$117.0m0.51%	0.51%	Reduced -6.1k	-6,142 -1.1%
44	COSTCO WHSL CORP NEW COM COST	COST	117,857	$110.3m0.48%	0.48%	Added +880	+880 0.8%
45	ISHARES TR RUS 1000 ETF IWB	IWB	262,586	$107.5m0.47%	0.47%	Reduced -1.3k	-1,278 -0.5%
46	SELECT SECTOR SPDR TR SBI MATERIALS XLB	XLB	2,065,807	$105.0m0.46%	0.46%	Added +29.2k	+29,167 1.4%
47	MCKESSON CORP COM MCK	MCK	137,489	$103.9m0.46%	0.46%	Reduced -2.0k	-1,958 -1.4%
48	HOME DEPOT INC COM HD	HD	294,005	$103.7m0.46%	0.46%	Reduced -11.6k	-11,575 -3.8%
49	ADVANCED MICRO DEVICES INC COM AMD	AMD	176,903	$102.8m0.45%	0.45%	Added +63.1k	+63,147 55.5%
50	AMERICAN ELEC PWR CO INC COM AEP	AEP	736,935	$100.8m0.44%	0.44%	Added +21.6k	+21,559 3.0%
51	MICRON TECHNOLOGY INC COM MU	MU	86,245	$99.6m0.44%	0.44%	Added +45.4k	+45,406 111.2%
52	CHEVRON CORP NEW COM CVX	CVX	596,079	$98.8m0.43%	0.43%	Reduced -7.9k	-7,898 -1.3%
53	CISCO SYS INC COM CSCO	CSCO	840,564	$98.7m0.43%	0.43%	Reduced -58.0k	-57,992 -6.5%
54	SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP MDY	MDY	139,449	$98.1m0.43%	0.43%	Reduced -1.7k	-1,705 -1.2%
55	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	5,025,345	$96.1m0.42%	0.42%	Reduced -3.4k	-3,352 -0.1%
56	ISHARES TR MSCI EAFE ETF EFA	EFA	900,221	$93.5m0.41%	0.41%	Added +4.0k	+4,025 0.5%
57	AMGEN INC COM AMGN	AMGN	256,448	$92.9m0.41%	0.41%	Reduced -3.5k	-3,459 -1.3%
58	MASTERCARD INCORPORATED CL A MA	MA	175,894	$90.3m0.40%	0.40%	Added +933	+933 0.5%
59	PEPSICO INC COM PEP	PEP	657,437	$89.0m0.39%	0.39%	Reduced -19.5k	-19,486 -2.9%
60	NORTHROP GRUMMAN CORP COM NOC	NOC	173,897	$88.6m0.39%	0.39%	Reduced -1.8k	-1,775 -1.0%
61	TEXAS INSTRS INC COM TXN	TXN	294,181	$87.7m0.38%	0.38%	Reduced -1.8k	-1,750 -0.6%
62	MOTOROLA SOLUTIONS INC COM NEW MSI	MSI	206,312	$85.7m0.38%	0.38%	Added +3.5k	+3,475 1.7%
63	ISHARES TR RUS 2000 GRW ETF IWO	IWO	216,194	$85.2m0.37%	0.37%	Reduced -49.4k	-49,441 -18.6%
64	LOCKHEED MARTIN CORP COM LMT	LMT	163,693	$83.4m0.37%	0.37%	Reduced -716	-716 -0.4%
65	EMERSON ELEC CO COM EMR	EMR	577,581	$82.7m0.36%	0.36%	Added +8.4k	+8,370 1.5%
66	TE CONNECTIVITY PLC ORD SHS TEL	TEL	408,099	$82.3m0.36%	0.36%	Reduced -6.3k	-6,324 -1.5%
67	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	111,281	$81.9m0.36%	0.36%	Added +7.3k	+7,295 7.0%
68	ISHARES TR RUS TOP 200 ETF IWL	IWL	435,916	$80.6m0.35%	0.35%	Added +82.4k	+82,429 23.3%
69	EATON CORP PLC SHS ETN	ETN	188,369	$80.3m0.35%	0.35%	Reduced -458	-458 -0.2%
70	CAPITAL ONE FINL CORP COM COF	COF	399,359	$80.1m0.35%	0.35%	Reduced -24.8k	-24,794 -5.8%
71	US FOODS HLDG CORP COM USFD	USFD	753,951	$77.1m0.34%	0.34%	Reduced -7.9k	-7,864 -1.0%
72	TRANE TECHNOLOGIES PLC SHS TT	TT	150,857	$74.1m0.33%	0.33%	Reduced -4.0k	-3,983 -2.6%
73	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	386,719	$73.7m0.32%	0.32%	Added +2.5k	+2,464 0.6%
74	ISHARES INC CORE MSCI EMKT IEMG	IEMG	866,446	$71.8m0.32%	0.32%	Added +82.4k	+82,413 10.5%
75	DEERE & CO COM DE	DE	109,943	$69.7m0.31%	0.31%	Reduced -1.0k	-1,037 -0.9%
76	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	1,161,053	$69.3m0.30%	0.30%	Added +15.9k	+15,931 1.4%
77	ISHARES TR RUS 2000 VAL ETF IWN	IWN	310,507	$68.7m0.30%	0.30%	Reduced -11.1k	-11,128 -3.5%
78	ISHARES TR CORE S&P MCP ETF IJH	IJH	870,881	$67.2m0.29%	0.29%	Added +97.8k	+97,760 12.6%
79	BANK AMERICA CORP COM BAC	BAC	1,162,453	$66.2m0.29%	0.29%	Reduced -5.1k	-5,108 -0.4%
80	BOOKING HOLDINGS INC COM BKNG	BKNG	366,169	$65.3m0.29%	0.29%	Reduced -14.9k	-14,881 -3.9%
81	GE VERNOVA INC COM GEV	GEV	54,888	$64.5m0.28%	0.28%	Reduced -2.9k	-2,944 -5.1%
82	UBER TECHNOLOGIES INC COM UBER	UBER	883,314	$63.7m0.28%	0.28%	Reduced -75.6k	-75,554 -7.9%
83	GOLDMAN SACHS GROUP INC COM GS	GS	61,807	$62.5m0.27%	0.27%	Reduced -1.3k	-1,298 -2.1%
84	ISHARES TR RUSSELL 3000 ETF IWV	IWV	145,100	$61.9m0.27%	0.27%	Reduced -298	-298 -0.2%
85	WASTE MGMT INC DEL COM WM	WM	273,130	$60.9m0.27%	0.27%	Reduced -140	-140 -0.1%
86	ORACLE CORP COM ORCL	ORCL	414,252	$60.7m0.27%	0.27%	Reduced -6.4k	-6,374 -1.5%
87	KEYSIGHT TECHNOLOGIES INC COM KEYS	KEYS	172,117	$60.3m0.26%	0.26%	Added +66.8k	+66,846 63.5%
88	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	366,684	$57.9m0.25%	0.25%	Reduced -2.3k	-2,275 -0.6%
89	DISNEY WALT CO COM DIS	DIS	593,221	$57.1m0.25%	0.25%	Reduced -88.2k	-88,232 -12.9%
90	TESLA INC COM TSLA	TSLA	129,078	$54.3m0.24%	0.24%	Reduced -5.9k	-5,874 -4.3%
91	ISHARES TR CORE MSCI EAFE IEFA	IEFA	555,218	$53.6m0.24%	0.24%	Added +24.1k	+24,098 4.5%
92	VANGUARD SCOTTSDALE FDS VNG RUS1000GRW VONG	VONG	419,053	$53.6m0.24%	0.24%	Added +59.6k	+59,583 16.6%
93	COCA COLA CO COM KO	KO	651,120	$52.9m0.23%	0.23%	Reduced -7.2k	-7,239 -1.1%
94	UNITEDHEALTH GROUP INC COM UNH	UNH	124,329	$51.7m0.23%	0.23%	Added +4.3k	+4,343 3.6%
95	LINDE PLC SHS LIN	LIN	98,126	$50.9m0.22%	0.22%	Added +19.7k	+19,663 25.1%
96	T-MOBILE US INC COM TMUS	TMUS	302,129	$50.7m0.22%	0.22%	Reduced -169.1k	-169,117 -35.9%
97	TJX COS INC NEW COM TJX	TJX	323,332	$49.0m0.22%	0.22%	Added +535	+535 0.2%
98	HONEYWELL INTL INC COM HON	HON	216,271	$48.4m0.21%	0.21%	New
99	HONEYWELL AEROSPACE INC COM HONA	HONA	216,276	$47.8m0.21%	0.21%	New
100	NETFLIX INC COM NFLX	NFLX	667,253	$47.6m0.21%	0.21%	Reduced -57.6k	-57,631 -8.0%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HONEYWELL INTL INC		212,500	$96.1m212.5k shares
DUPONT DE NEMOURS INC DWDP	DWDP	17,625	$2.4m17.6k shares
COTERRA ENERGY INC CTRA	CTRA	52,992	$1.9m53.0k shares
SEALED AIR CORP NEW		40,901	$1.7m40.9k shares
CIRCLE INTERNET GROUP INC CRCL	CRCL	17,622	$1.7m17.6k shares
PLANET FITNESS INC PLNT	PLNT	21,136	$1.6m21.1k shares
HOLOGIC INC HOLX	HOLX	18,710	$1.4m18.7k shares
CARNIVAL CORP		46,686	$1.2m46.7k shares
MASIMO CORP MASI	MASI	4,731	$841.5k4.7k shares
COSTAR GROUP INC CSGP	CSGP	20,452	$825.0k20.5k shares
THERMON GROUP HLDGS INC		14,497	$730.6k14.5k shares
DOCUSIGN INC DOCU	DOCU	10,205	$483.8k10.2k shares
TIDAL TRUST I GRNY	GRNY	18,747	$447.5k18.7k shares
PILGRIMS PRIDE CORP PPC	PPC	11,739	$443.3k11.7k shares
QXO INC QXO	QXO	21,578	$419.0k21.6k shares
PRIMORIS SVCS CORP PRIM	PRIM	2,611	$373.5k2.6k shares
INVESCO EXCHANGE TRADED FD T PRF	PRF	7,662	$364.2k7.7k shares
CAL MAINE FOODS INC CALM	CALM	4,400	$348.3k4.4k shares
ATLASSIAN CORPORATION TEAM	TEAM	4,636	$316.4k4.6k shares
MEDPACE HLDGS INC MEDP	MEDP	655	$314.5k655 shares
TORO CO TTC	TTC	3,301	$308.4k3.3k shares
MORNINGSTAR INC MORN	MORN	1,765	$298.4k1.8k shares
TRI POINTE HOMES INC TPH	TPH	6,209	$290.1k6.2k shares
ASHLAND INC ASH	ASH	5,183	$288.2k5.2k shares
AECOM ACM	ACM	3,284	$278.5k3.3k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
COMMERCE BANCSHARES INC CBSH · 13G · filed 2026-02-11	CBSH	6.2%≈ $488.7m	new	13G	2026-02-11