Commerce Bancshares, Inc.
US ˙ NasdaqGS ˙ US2005251036

SecurityCBSH / Commerce Bancshares, Inc.
InstitutionCwm, Llc
Latest Disclosed Ownership27,292 shares
Latest Disclosed Value $ 1,342,770
Cwm, Llc reports 30.80% increase in ownership of CBSH / Commerce Bancshares, Inc.

On May 14, 2026 - Cwm, Llc filed a 13F-HR form disclosing ownership of 27,292 shares of Commerce Bancshares, Inc. (US:CBSH) valued at $1,342,766 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 20,866 shares of Commerce Bancshares, Inc.. This represents a change in shares of 30.80% during the quarter. The current value of the position is $1,401,717 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)
2026-05-14 2026-03-31 13F COMMERCE BANCSHARES COM 200525103 27,292 6,426 30.80 1,343 134,100.00 0.0035
2026-01-26 2025-12-31 13F COMMERCE BANCSHARES COM 200525103 20,866 -113,028 -84.42 1 -87.50 0.0030
2025-10-15 2025-09-30 13F COMMERCE BANCSHARES COM 200525103 133,894 11,391 9.30 8 14.29 0.0241
2025-07-25 2025-06-30 13F COMMERCE BANCSHARES COM 200525103 122,503 1,086 0.89 8 0.00 0.0269
2025-05-01 2025-03-31 13F COMMERCE BANCSHARES COM 200525103 121,417 -3,929 -3.13 8 0.00 0.0301
2025-02-04 2024-12-31 13F COMMERCE BANCSHARES COM 200525103 125,346 -6,178 -4.70 8 0.00 0.0324
2024-10-08 2024-09-30 13F COMMERCE BANCSHARES COM 200525103 131,524 1,004 0.77 8 0.00 0.0336
2024-07-10 2024-06-30 13F COMMERCE BANCSHARES COM 200525103 130,520 -6,960 -5.06 7 0.00 0.0343
2024-04-05 2024-03-31 13F COMMERCE BANCSHARES COM 200525103 137,480 -10,146 -6.87 7 0.00 0.0356
2024-02-01 2023-12-31 13F COMMERCE BANCSHARES COM 200525103 147,626 -117 -0.08 8 0.00 0.0424
2023-10-11 2023-09-30 13F COMMERCE BANCSHARES COM 200525103 147,743 14,323 10.74 7 16.67 0.0434
2023-08-03 2023-06-30 13F COMMERCE BANCSHARES COM 200525103 133,420 -1,694 -1.25 6 -14.29 0.0402
2023-05-01 2023-03-31 13F COMMERCE BANCSHARES COM 200525103 135,114 -3,096 -2.24 8 -22.22 0.0533
2023-02-01 2022-12-31 13F COMMERCE BANCSHARES COM 200525103 138,210 2,882 2.13 9 -99.90 0.0693
2022-10-27 2022-09-30 13F COMMERCE BANCSHARES COM 200525103 135,328 2,563 1.93 8,953 2.72 0.0711
2022-07-28 2022-06-30 13F COMMERCE BANCSHARES COM 200525103 132,765 4,308 3.35 8,716 -5.22 0.0675
2022-04-21 2022-03-31 13F COMMERCE BANCSHARES COM 200525103 128,457 114,949 850.97 9,196 889.88 0.0652
2022-01-31 2021-12-31 13F COMMERCE BANCSHARES COM 200525103 13,508 1,054 8.46 929 0.00 0.0065
2021-09-15 2021-06-30 13F/A-1 COMMERCE BANCSHARES COM 200525103 12,454 0 0.00 929 0.00 0.0074
2021-07-29 2021-06-30 13F COMMERCE BANCSHARES COM 200525103 12,454 0 929 0.0074
2021-09-15 2021-03-31 13F/A-1 COMMERCE BANCSHARES COM 200525103 12,454 0 0.00 929 0.00 0.0074
2021-04-27 2021-03-31 13F COMMERCE BANCSHARES COM 200525103 11,915 -539 913 0.0080
2021-09-15 2020-12-31 13F/A-1 COMMERCE BANCSHARES COM 200525103 12,454 0 0.00 929 0.00 0.0074
2021-01-27 2020-12-31 13F COMMERCE BANCSHARES COM 200525103 11,665 -789 766 0.0072
2021-09-15 2020-09-30 13F/A-1 COMMERCE BANCSHARES COM 200525103 12,454 0 0.00 929 0.00 0.0074
2020-10-19 2020-09-30 13F COMMERCE BANCSHARES COM 200525103 9,970 -2,484 561 0.0062
2021-09-15 2020-06-30 13F/A-1 COMMERCE BANCSHARES COM 200525103 12,454 0 0.00 929 0.00 0.0074
2020-07-22 2020-06-30 13F COMMERCE BANCSHARES COM 200525103 2,090 -10,364 124 0.0015
2021-09-15 2020-03-31 13F/A-1 COMMERCE BANCSHARES COM 200525103 12,454 0 0.00 929 0.00 0.0074
2020-04-28 2020-03-31 13F COMMERCE BANCSHARES COM 200525103 2,713 -9,741 137 0.0020
2021-09-14 2019-12-31 13F/A-1 COMMERCE BANCSHARES COM 200525103 12,454 0 0.00 929 0.00 0.0074
2021-09-14 2019-09-30 13F/A-1 COMMERCE BANCSHARES COM 200525103 12,454 0 0.00 929 0.00 0.0074
2021-09-14 2019-06-30 13F/A-1 COMMERCE BANCSHARES COM 200525103 12,454 0 0.00 929 0.00 0.0074
2019-07-31 2019-06-30 13F COMMERCE BANCSHARES COM 200525103 9 -12,445 1 0.0000
2021-09-02 2019-03-31 13F/A-1 COMMERCE BANCSHARES COM 200525103 12,454 12,445 138,277.78 929 92,800.00 0.0074
2019-04-22 2019-03-31 13F COMMERCE BANCSHARES COM 200525103 9 0 1 0.0000
2019-01-25 2018-12-31 13F COMMERCE BANCSHARES COM 200525103 9 0 0.00 1 0.00 0.0000
2018-10-29 2018-09-30 13F COMMERCE BANCSHARES COM 200525103 9 -7 -43.75 1 0.00 0.0000
2018-07-31 2018-06-30 13F COMMERCE BANCSHARES COM 200525103 16 16 1 0.0000
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.