International Business Machines Corporation
MX ˙ BMV ˙ US4592001014
SecurityMX:IBM / International Business Machines Corporation
InstitutionCommerce Bank
Latest Disclosed Ownership146,142 shares
Latest Disclosed Value $ 35,423,358
Commerce Bank reports 6.69% increase in ownership of IBM / International Business Machines Corporation

On May 11, 2026 - Commerce Bank filed a 13F-HR form disclosing ownership of 146,142 shares of International Business Machines Corporation (MX:IBM) valued at $35,423,358 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 136,977 shares of International Business Machines Corporation. This represents a change in shares of 6.69% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-11 2026-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 146,142 9,165 6.69 35,423 -12.69 0.1715
2026-02-13 2025-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 136,977 69 0.05 40,574 5.03 0.2240
2025-11-12 2025-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 136,908 -15,973 -10.45 38,630 -14.28 0.2149
2025-08-07 2025-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 152,881 -721 -0.47 45,066 17.99 0.2660
2025-05-08 2025-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 153,602 -3,435 -2.19 38,195 10.64 0.2438
2025-02-13 2024-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 157,037 -2,945 -1.84 34,521 -2.39 0.2128
2024-11-08 2024-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 159,982 -6,832 -4.10 35,369 22.59 0.2167
2024-08-12 2024-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 166,814 -30,199 -15.33 28,850 -23.31 0.1869
2024-05-03 2024-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 197,013 774 0.39 37,622 17.22 0.2488
2024-02-09 2023-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 196,239 -5,660 -2.80 32,095 13.30 0.2284
2023-11-14 2023-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 201,899 -1,893 -0.93 28,326 3.88 0.2231
2023-08-08 2023-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 203,792 43,258 26.95 27,269 29.58 0.2040
2023-05-04 2023-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 160,534 6,107 3.95 21,044 -3.28 0.1649
2023-02-10 2022-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 154,427 -5,706 -3.56 21,757 14.36 0.1768
2022-11-04 2022-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 160,133 -373 -0.23 19,025 -16.05 0.1653
2022-08-12 2022-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 160,506 -11,217 -6.53 22,663 1.50 0.1846
2022-05-09 2022-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 171,723 -9,511 -5.25 22,327 -7.83 0.1530
2022-02-14 2021-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 181,234 -316 -0.17 24,225 -3.96 0.1584
2021-11-09 2021-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 181,550 16,652 10.10 25,223 4.35 0.1784
2021-08-09 2021-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 164,898 8,379 5.35 24,172 15.89 0.1716
2021-05-05 2021-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 156,519 -40,321 -20.48 20,858 -15.82 0.1586
2021-02-09 2020-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 196,840 980 0.50 24,779 3.98 0.2004
2020-11-06 2020-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 195,860 22,882 13.23 23,830 14.07 0.2155
2020-08-07 2020-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 172,978 59,104 51.90 20,891 65.38 0.2036
2020-05-08 2020-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 113,874 24,894 27.98 12,632 5.91 0.1529
2020-02-14 2019-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 88,980 -2,453 -2.68 11,927 -10.30 0.1136
2019-11-12 2019-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 91,433 -6,698 -6.83 13,296 -1.74 0.1364
2019-08-07 2019-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 98,131 5,156 5.55 13,532 3.15 0.1518
2019-05-08 2019-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 92,975 -515 -0.55 13,119 23.45 0.1554
2019-02-11 2018-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 93,490 -3,213 -3.32 10,627 -27.32 0.1353
2018-11-02 2018-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 96,703 1,133 1.19 14,622 9.52 0.1740
2018-08-08 2018-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 95,570 -8,007 -7.73 13,351 -15.99 0.1696
2018-05-03 2018-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 103,577 -11,071 -9.66 15,892 -9.65 0.2097
2018-02-12 2017-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 114,648 -314 -0.27 17,589 5.46 0.2290
2017-11-07 2017-09-30 13F/A-1 INTERNATIONAL BUSINESS MACHS COM 459200101 114,962 -21,244 -15.60 16,678 -20.40 0.2266
2017-11-07 2017-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 136,206 20,952
2017-08-08 2017-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 136,206 -9,145 -6.29 20,952 -17.23 0.2938
2017-05-05 2017-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 145,351 507 0.35 25,312 5.28 0.3609
2017-02-08 2016-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 144,844 -135 -0.09 24,042 4.39 0.3589
2016-11-03 2016-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 144,979 -7,890 -5.16 23,030 -0.74 0.3585
2016-08-09 2016-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 152,869 2,123 1.41 23,202 1.62 0.3670
2016-04-27 2016-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 150,746 -12,528 -7.67 22,831 1.61 0.3790
2016-02-12 2015-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 163,274 1,970 1.22 22,470 -3.91 0.3760
2015-11-10 2015-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 161,304 1,216 0.76 23,384 -10.20 0.4022
2015-08-03 2015-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 160,088 -7,430 -4.44 26,040 -3.15 0.4078
2015-05-06 2015-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 167,518 -23,036 -12.09 26,886 -12.06 0.4178
2015-02-11 2014-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 190,554 -57,399 -23.15 30,573 -35.05 0.4832
2014-11-06 2014-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 247,953 -3,023 -1.20 47,069 3.46 0.7767
2014-08-05 2014-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 250,976 -3,482 -1.37 45,495 -7.12 0.7434
2014-05-09 2014-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 254,458 -2,844 -1.11 48,981 1.49 0.8338
2014-02-14 2013-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 257,302 -1,159 -0.45 48,262 0.84 0.8359
2013-11-05 2013-09-30 13F/A-1 INTERNATIONAL BUSINESS MACHS COM 459200101 162,739 -125,181 30,133 0.5435
2013-11-05 2013-09-30 13F/A-2 INTERNATIONAL BUSINESS MACHS COM 459200101 258,461 -29,459 -10.23 47,862 -13.02 0.8633
2013-11-04 2013-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 162,739 30,133
2013-08-07 2013-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 287,920 -906 -0.31 55,024 -10.69 1.0231
2013-08-08 2013-03-31 13F/A-1 INTERNATIONAL BUSINESS MACHS COM 459200101 288,826 288,826 61,607 1.2020
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.