Commerce Bancshares, Inc.
US ˙ NasdaqGS ˙ US2005251036

SecurityCBSH / Commerce Bancshares, Inc.
InstitutionBoston Trust Walden Corp
Latest Disclosed Ownership1,934,136 shares
Latest Disclosed Value $ 95,159,506
Boston Trust Walden Corp reports 7.22% decrease in ownership of CBSH / Commerce Bancshares, Inc.

On April 24, 2026 - Boston Trust Walden Corp filed a 13F-HR form disclosing ownership of 1,934,136 shares of Commerce Bancshares, Inc. (US:CBSH) valued at $95,159,491 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 28, 2026 disclosing 2,084,628 shares of Commerce Bancshares, Inc.. This represents a change in shares of -7.22% during the quarter. The current value of the position is $99,337,225 USD.

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)
2026-04-24 2026-03-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 1,934,136 -150,492 -7.22 95,160 -12.79 0.4679
2026-01-28 2025-12-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 2,084,628 181,266 9.52 109,109 -4.07 0.8235
2025-10-17 2025-09-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 1,903,362 420,053 28.32 113,745 23.34 0.8345
2025-07-28 2025-06-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 1,483,309 27,813 1.91 92,217 1.81 0.6577
2025-04-21 2025-03-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 1,455,496 -13,358 -0.91 90,575 -1.04 0.6617
2025-01-24 2024-12-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 1,468,854 219,826 17.60 91,524 23.36 0.6422
2024-10-24 2024-09-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 1,249,028 -11,971 -0.95 74,192 5.48 0.5161
2024-07-19 2024-06-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 1,260,999 168,550 15.43 70,339 21.03 0.5217
2024-04-22 2024-03-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 1,092,449 -1,659 -0.15 58,118 -0.54 0.4146
2024-01-24 2023-12-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 1,094,108 68,245 6.65 58,436 18.72 0.4409
2023-10-18 2023-09-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 1,025,863 611,172 147.38 49,221 143.72 0.4125
2023-07-24 2023-06-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 414,691 21,474 5.46 20,195 -11.98 0.1656
2023-04-19 2023-03-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 393,217 10,723 2.80 22,944 -11.88 0.1980
2023-01-20 2022-12-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 382,494 21,726 6.02 26,036 9.08 0.2289
2022-10-19 2022-09-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 360,768 310,913 623.63 23,868 629.24 0.2364
2022-07-22 2022-06-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 49,855 -3,242 -6.11 3,273 -13.89 0.0309
2022-04-20 2022-03-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 53,097 -347 -0.65 3,801 3.48 0.0314
2022-01-21 2021-12-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 53,444 2,011 3.91 3,673 2.48 0.0295
2021-10-25 2021-09-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 51,433 -10,850 -17.42 3,584 -22.83 0.0317
2021-07-22 2021-06-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 62,283 -165 -0.26 4,644 -2.93 0.0413
2021-04-21 2021-03-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 62,448 -3,245 -4.94 4,784 10.84 0.0463
2021-01-15 2020-12-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 65,693 -1,866 -2.76 4,316 13.49 0.0460
2020-10-14 2020-09-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 67,559 -123,515 -64.64 3,803 -66.53 0.0474
2020-07-23 2020-06-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 191,074 -270,940 -58.64 11,363 -51.15 0.1534
2020-04-24 2020-03-31 13F/A-1 COMMERCE BANCSHARES COMMON STOCK 200525103 462,014 -292,215 -38.74 23,262 -54.60 0.3707
2020-04-21 2020-03-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 514,462 -239,767 25,903 229,689.7526
2020-01-10 2019-12-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 754,229 48,796 6.92 51,242 19.77 0.5964
2019-10-21 2019-09-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 705,433 21,799 3.19 42,784 4.90 0.5378
2019-07-25 2019-06-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 683,634 -9,722 -1.40 40,785 1.31 0.5307
2019-04-16 2019-03-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 693,356 10,970 1.61 40,256 4.65 0.5481
2019-01-17 2018-12-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 682,386 39,367 6.12 38,466 -9.39 0.6120
2018-10-23 2018-09-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 643,019 -13,654 -2.08 42,452 -0.10 0.5848
2018-07-25 2018-06-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 656,673 4,535 0.70 42,493 8.76 0.6235
2018-04-13 2018-03-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 652,138 -15,509 -2.32 39,070 4.80 0.5928
2018-01-29 2017-12-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 667,647 24,784 3.86 37,282 0.39 0.5465
2017-10-13 2017-09-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 642,863 2,304 0.36 37,138 2.02 0.5783
2017-07-19 2017-06-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 640,559 -93,828 -12.78 36,403 -11.74 0.5849
2017-04-24 2017-03-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 734,387 -42,602 -5.48 41,244 -8.18 0.6427
2017-02-07 2016-12-31 13F/A-1 COMMERCE BANCSHARES COMMON STOCK 200525103 776,989 22,136 2.93 44,918 20.80 0.7081
2017-02-01 2016-12-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 776,989 44,918
2016-10-17 2016-09-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 754,853 -22,416 -2.88 37,184 -0.13 0.6130
2016-08-09 2016-06-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 777,269 -6,983 -0.89 37,231 5.61 0.6359
2016-04-19 2016-03-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 784,252 -25,417 -3.14 35,252 2.35 0.6138
2016-01-21 2015-12-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 809,669 -188,218 -18.86 34,443 -24.24 0.6389
2015-10-29 2015-09-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 997,887 -35,163 -3.40 45,463 -5.90 0.7594
2015-07-17 2015-06-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 1,033,050 -90,910 -8.09 48,316 1.58 0.7368
2015-04-15 2015-03-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 1,123,960 1,123,960 0.00 47,566 0.7061
2015-01-28 2014-12-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 0 -603,575 -100.00 0 -100.00
2014-10-23 2014-09-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 603,575 -114,539 -15.95 26,947 -19.30 0.4162
2014-08-01 2014-06-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 718,114 20,706 2.97 33,392 3.14 0.4853
2014-04-11 2014-03-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 697,408 38,085 5.78 32,374 9.33 0.4809
2014-02-11 2013-12-31 13F COMMERCE BANCSHARES COMMON STOCK 200525103 659,323 47,650 7.79 29,611 10.50 0.4320
2013-11-15 2013-09-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 611,673 -2,133 -0.35 26,798 0.25 0.4100
2013-08-08 2013-06-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 613,806 613,806 26,731 0.4316
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.