Commerce Bancshares, Inc.
US ˙ NasdaqGS ˙ US2005251036

SecurityCBSH / Commerce Bancshares, Inc.
InstitutionDimensional Fund Advisors Lp
Latest Disclosed Ownership3,943,247 shares
Latest Disclosed Value $ 193,999,314
Dimensional Fund Advisors Lp reports 29.33% increase in ownership of CBSH / Commerce Bancshares, Inc.

On May 7, 2026 - Dimensional Fund Advisors Lp filed a 13F-HR form disclosing ownership of 3,943,247 shares of Commerce Bancshares, Inc. (US:CBSH) valued at $194,007,752 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 3,049,064 shares of Commerce Bancshares, Inc.. This represents a change in shares of 29.33% during the quarter. The current value of the position is $209,189,253 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)
2026-05-07 2026-03-31 13F COMMERCE BANCSHARES COM 200525103 3,943,247 894,183 29.33 193,999 21.56 0.0403
2026-02-12 2025-12-31 13F COMMERCE BANCSHARES COM 200525103 3,049,064 406,063 15.36 159,597 1.05 0.0335
2025-11-12 2025-09-30 13F COMMERCE BANCSHARES COM 200525103 2,643,001 177,076 7.18 157,942 3.02 0.0339
2025-08-12 2025-06-30 13F COMMERCE BANCSHARES COM 200525103 2,465,925 144,070 6.20 153,308 6.11 0.0355
2025-05-13 2025-03-31 13F COMMERCE BANCSHARES COM 200525103 2,321,855 49,737 2.19 144,479 2.05 0.0359
2025-02-13 2024-12-31 13F COMMERCE BANCSHARES COM 200525103 2,272,118 227,052 11.10 141,584 16.55 0.0340
2024-11-07 2024-09-30 13F COMMERCE BANCSHARES COM 200525103 2,045,066 -24,858 -1.20 121,480 5.22 0.0295
2024-08-09 2024-06-30 13F COMMERCE BANCSHARES COM 200525103 2,069,924 342,793 19.85 115,453 25.65 0.0302
2024-05-10 2024-03-31 13F COMMERCE BANCSHARES COM 200525103 1,727,131 50,781 3.03 91,883 2.62 0.0249
2024-02-07 2023-12-31 13F COMMERCE BANCSHARES COM 200525103 1,676,350 302,630 22.03 89,541 35.85 0.0261
2023-11-09 2023-09-30 13F COMMERCE BANCSHARES COM 200525103 1,373,720 166,464 13.79 65,912 12.11 0.0216
2023-08-09 2023-06-30 13F COMMERCE BANCSHARES COM 200525103 1,207,256 55,251 4.80 58,790 -12.54 0.0187
2023-05-12 2023-03-31 13F COMMERCE BANCSHARES COM 200525103 1,152,005 22,768 2.02 67,220 88,346.05 0.0226
2023-02-09 2022-12-31 13F COMMERCE BANCSHARES COM 200525103 1,129,237 63,372 5.95 77 -99.89 0.0227
2022-11-10 2022-09-30 13F COMMERCE BANCSHARES COM 200525103 1,065,865 -4,076 -0.38 70,521 0.40 0.0271
2022-08-12 2022-06-30 13F COMMERCE BANCSHARES COM 200525103 1,069,941 -40,859 -3.68 70,239 -11.68 0.0252
2022-05-13 2022-03-31 13F COMMERCE BANCSHARES COM 200525103 1,110,800 12,655 1.15 79,527 5.35 0.0245
2022-02-09 2021-12-31 13F COMMERCE BANCSHARES COM 200525103 1,098,145 52,437 5.01 75,487 3.59 0.0228
2021-11-12 2021-09-30 13F COMMERCE BANCSHARES COM 200525103 1,045,708 2,233 0.21 72,873 -6.33 0.0235
2021-08-12 2021-06-30 13F COMMERCE BANCSHARES COM 200525103 1,043,475 1,831 0.18 77,801 -2.51 0.0246
2021-05-14 2021-03-31 13F COMMERCE BANCSHARES COM 200525103 1,041,644 717 0.07 79,806 16.69 0.0264
2021-03-08 2020-12-31 13F/A-2 COMMERCE BANCSHARES COM 200525103 1,040,927 47,018 4.73 68,391 22.26 0.0247
2021-02-11 2020-12-31 13F COMMERCE BANCSHARES COM 200525103 1,040,927 47,018 68,391 24,699.1940
2020-11-12 2020-09-30 13F COMMERCE BANCSHARES COM 200525103 993,909 -14,730 -1.46 55,939 -6.73 0.0237
2020-08-13 2020-06-30 13F COMMERCE BANCSHARES COM 200525103 1,008,639 -49,216 -4.65 59,976 12.61 0.0264
2020-05-14 2020-03-31 13F COMMERCE BANCSHARES COM 200525103 1,057,855 -7,828 -0.73 53,262 -26.44 0.0277
2020-02-14 2019-12-31 13F COMMERCE BANCSHARES COM 200525103 1,065,683 25,042 2.41 72,404 14.72 0.0264
2019-11-12 2019-09-30 13F COMMERCE BANCSHARES COM 200525103 1,040,641 18,407 1.80 63,115 3.50 0.0245
2019-08-13 2019-06-30 13F COMMERCE BANCSHARES COM 200525103 1,022,234 5,951 0.59 60,983 3.35 0.0237
2019-08-12 2019-03-31 13F/A-2 COMMERCE BANCSHARES COM 200525103 1,016,283 -198 -0.02 59,007 2.98 0.0235
2019-05-10 2019-03-31 13F COMMERCE BANCSHARES COM 200525103 1,016,283 -198 59,007
2019-02-26 2018-12-31 13F/A-1 COMMERCE BANCSHARES COM 200525103 1,016,481 72,118 7.64 57,297 -8.10 0.0260
2019-02-13 2018-12-31 13F COMMERCE BANCSHARES COM 200525103 1,016,481 72,118 57,297
2018-11-13 2018-09-30 13F COMMERCE BANCSHARES COM 200525103 944,363 -18,134 -1.88 62,347 0.10 0.0237
2018-08-10 2018-06-30 13F COMMERCE BANCSHARES COM 200525103 962,497 -49,151 -4.86 62,284 2.77 0.0248
2018-05-11 2018-03-31 13F COMMERCE BANCSHARES COM 200525103 1,011,648 -325 -0.03 60,608 7.25 0.0253
2018-02-12 2017-12-31 13F COMMERCE BANCSHARES COM 200525103 1,011,973 81,590 8.77 56,512 5.14 0.0234
2017-11-13 2017-09-30 13F COMMERCE BANCSHARES COM 200525103 930,383 6,268 0.68 53,747 2.34 0.0235
2017-08-11 2017-06-30 13F COMMERCE BANCSHARES COM 200525103 924,115 43,967 5.00 52,520 6.25 0.0242
2017-05-12 2017-03-31 13F COMMERCE BANCSHARES COM 200525103 880,148 -32,706 -3.58 49,430 -6.33 0.0236
2017-02-09 2016-12-31 13F COMMERCE BANCSHARES COM 200525103 912,854 24,554 2.76 52,772 20.61 0.0264
2016-11-10 2016-09-30 13F COMMERCE BANCSHARES COM 200525103 888,300 59,050 7.12 43,755 10.17 0.0236
2016-08-09 2016-06-30 13F COMMERCE BANCSHARES COM 200525103 829,250 23,399 2.90 39,717 9.64 0.0229
2016-05-13 2016-03-31 13F COMMERCE BANCSHARES COM 200525103 805,851 49,046 6.48 36,225 12.51 0.0217
2016-02-10 2015-12-31 13F COMMERCE BANCSHARES COM 200525103 756,805 62,657 9.03 32,197 1.81 0.0201
2015-11-13 2015-09-30 13F COMMERCE BANCSHARES COM 200525103 694,148 15,204 2.24 31,625 -0.41 0.0208
2015-08-14 2015-06-30 13F COMMERCE BANCSHARES COM 200525103 678,944 51,647 8.23 31,755 19.62 0.0194
2015-05-14 2015-03-31 13F COMMERCE BANCSHARES COM 200525103 627,297 45,779 7.87 26,547 4.96 0.0168
2015-02-06 2014-12-31 13F COMMERCE BANCSHARES COM 200525103 581,518 88,138 17.86 25,292 14.81 0.0166
2014-11-13 2014-09-30 13F COMMERCE BANCSHARES COM 200525103 493,380 11,526 2.39 22,029 -1.68 0.0156
2014-08-08 2014-06-30 13F COMMERCE BANCSHARES COM 200525103 481,854 2,366 0.49 22,406 0.68 0.0156
2014-05-14 2014-03-31 13F COMMERCE BANCSHARES COM 200525103 479,488 4,920 1.04 22,254 4.42 0.0166
2014-02-12 2013-12-31 13F COMMERCE BANCSHARES COM 200525103 474,568 45,221 10.53 21,313 13.32 0.0166
2013-11-13 2013-09-30 13F COMMERCE BANCSHARES COM 200525103 429,347 42,429 10.97 18,808 11.59 0.0163
2013-08-15 2013-06-30 13F COMMERCE BANCSHARES COM 200525103 386,918 386,918 16,855 0.0159
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.