Commerce Bancshares, Inc.
US ˙ NasdaqGS ˙ US2005251036

SecurityCBSH / Commerce Bancshares, Inc.
InstitutionSei Investments Co
Latest Disclosed Ownership161,912 shares
Latest Disclosed Value $ 8,469,915
Sei Investments Co reports 62.66% decrease in ownership of CBSH / Commerce Bancshares, Inc.

On February 13, 2026 - Sei Investments Co filed a 13F-HR form disclosing ownership of 161,912 shares of Commerce Bancshares, Inc. (US:CBSH) valued at $8,474,474 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 433,660 shares of Commerce Bancshares, Inc.. This represents a change in shares of -62.66% during the quarter. The current value of the position is $8,589,432 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)
2026-02-13 2025-12-31 13F COMMERCE BANCSHARES COM 200525103 161,912 -271,748 -62.66 8,470 -67.32 0.0084
2025-11-13 2025-09-30 13F COMMERCE BANCSHARES COM 200525103 433,660 -212,322 -32.87 25,919 -35.46 0.0279
2025-08-14 2025-06-30 13F COMMERCE BANCSHARES COM 200525103 645,982 -259,978 -28.70 40,161 -28.76 0.0466
2025-05-14 2025-03-31 13F/A-1 COMMERCE BANCSHARES COM 200525103 905,960 28,152 3.21 56,378 3.08 0.0726
2025-05-13 2025-03-31 13F COMMERCE BANCSHARES COM 200525103 884,109 6,301 55,086 0.0599
2025-02-11 2024-12-31 13F COMMERCE BANCSHARES COM 200525103 877,808 151,682 20.89 54,696 26.81 0.0702
2024-11-12 2024-09-30 13F COMMERCE BANCSHARES COM 200525103 726,126 101,411 16.23 43,133 23.78 0.0560
2024-08-13 2024-06-30 13F COMMERCE BANCSHARES COM 200525103 624,715 3,391 0.55 34,846 5.42 0.0494
2024-05-07 2024-03-31 13F COMMERCE BANCSHARES COM 200525103 621,324 84,433 15.73 33,055 15.27 0.0484
2024-02-14 2023-12-31 13F COMMERCE BANCSHARES COM 200525103 536,891 157,604 41.55 28,675 57.57 0.0460
2023-11-14 2023-09-30 13F COMMERCE BANCSHARES COM 200525103 379,287 -11,201 -2.87 18,199 -4.30 0.0327
2023-08-11 2023-06-30 13F COMMERCE BANCSHARES COM 200525103 390,488 -25,357 -6.10 19,017 -21.63 0.0332
2023-05-12 2023-03-31 13F COMMERCE BANCSHARES COM 200525103 415,845 7,097 1.74 24,265 -12.79 0.0451
2023-02-10 2022-12-31 13F COMMERCE BANCSHARES COM 200525103 408,748 6,114 1.52 27,823 4.44 0.0618
2022-11-14 2022-09-30 13F COMMERCE BANCSHARES COM 200525103 402,634 -8,418 -2.05 26,639 -1.57 0.0594
2022-08-15 2022-06-30 13F COMMERCE BANCSHARES COM 200525103 411,052 36,301 9.69 27,065 0.53 0.0584
2022-05-13 2022-03-31 13F COMMERCE BANCSHARES COM 200525103 374,751 24,678 7.05 26,921 11.58 0.0541
2022-02-14 2021-12-31 13F COMMERCE BANCSHARES COM 200525103 350,073 44,838 14.69 24,128 13.28 0.0453
2021-11-12 2021-09-30 13F COMMERCE BANCSHARES COM 200525103 305,235 16,196 5.60 21,300 -1.39 0.0447
2021-08-06 2021-06-30 13F COMMERCE BANCSHARES COM 200525103 289,039 -52,603 -15.40 21,600 -16.43 0.0479
2021-05-12 2021-03-31 13F COMMERCE BANCSHARES COM 200525103 341,642 23,271 7.31 25,847 23.02 0.0651
2021-02-08 2020-12-31 13F COMMERCE BANCSHARES COM 200525103 318,371 -15,851 -4.74 21,011 11.08 0.0543
2020-12-04 2020-09-30 13F/A-1 COMMERCE BANCSHARES COM 200525103 334,222 7,271 2.22 18,915 -3.00 0.0548
2020-11-06 2020-09-30 13F COMMERCE BANCSHARES COM 200525103 336,114 9,163 19,022 45,800.7467
2020-08-17 2020-06-30 13F/A-1 COMMERCE BANCSHARES COM 200525103 326,951 2,007 0.62 19,500 18.40 0.0605
2020-08-11 2020-06-30 13F COMMERCE BANCSHARES COM 200525103 322,666 -2,278 21,582 58,542.3238
2020-05-14 2020-03-31 13F COMMERCE BANCSHARES COM 200525103 324,944 21,275 7.01 16,469 -20.42 0.0605
2020-02-06 2019-12-31 13F COMMERCE BANCSHARES COM 200525103 303,669 13,238 4.56 20,694 17.48 0.0617
2019-11-12 2019-09-30 13F COMMERCE BANCSHARES COM 200525103 290,431 24,055 9.03 17,615 11.01 0.0451
2019-08-14 2019-06-30 13F COMMERCE BANCSHARES COM 200525103 266,376 124,856 88.22 15,868 93.06 0.0518
2019-05-15 2019-03-31 13F COMMERCE BANCSHARES COM 200525103 141,520 -27,156 -16.10 8,219 -22.14 0.0276
2019-02-13 2018-12-31 13F COMMERCE BANCSHARES COM 200525103 168,676 37,219 28.31 10,556 21.53 0.0376
2018-11-08 2018-09-30 13F COMMERCE BANCSHARES COM 200525103 131,457 -23,893 -15.38 8,686 -13.60 0.0315
2018-08-03 2018-06-30 13F COMMERCE BANCSHARES COM 200525103 155,350 -41,849 -21.22 10,053 -14.93 0.0342
2018-05-11 2018-03-31 13F COMMERCE BANCSHARES COM 200525103 197,199 -7,590 -3.71 11,817 3.34 0.0453
2018-02-08 2017-12-31 13F COMMERCE BANCSHARES COM 200525103 204,789 15,308 8.08 11,435 4.45 0.0397
2017-11-06 2017-09-30 13F COMMERCE BANCSHARES COM 200525103 189,481 10,104 5.63 10,948 7.40 0.0389
2017-07-31 2017-06-30 13F COMMERCE BANCSHARES COM 200525103 179,377 8,961 5.26 10,194 6.51 0.0406
2017-05-05 2017-03-31 13F COMMERCE BANCSHARES COM 200525103 170,416 2,644 1.58 9,571 -1.32 0.0419
2017-02-02 2016-12-31 13F COMMERCE BANCSHARES COM 200525103 167,772 -73,102 -30.35 9,699 -18.26 0.0470
2016-11-04 2016-09-30 13F COMMERCE BANCSHARES COM 200525103 240,874 -2,109 -0.87 11,866 1.96 0.0603
2016-08-11 2016-06-30 13F COMMERCE BANCSHARES COM 200525103 242,983 -16,266 -6.27 11,638 -0.13 0.0698
2016-05-10 2016-03-31 13F/A-1 COMMERCE BANCSHARES COM 200525103 259,249 92,462 55.44 11,653 64.24 0.0725
2016-02-03 2015-12-31 13F COMMERCE BANCSHARES COM 200525103 166,787 -3,371 -1.98 7,095 -8.48 0.0432
2015-11-02 2015-09-30 13F/A-1 COMMERCE BANCSHARES COM 200525103 170,158 -5,622 -3.20 7,752 -5.70 0.0712
2015-10-30 2015-09-30 13F COMMERCE BANCSHARES COM 200525103 170,158 7,753
2015-08-07 2015-06-30 13F/A-1 COMMERCE BANCSHARES COM 200525103 175,780 -126,090 -41.77 8,221 -35.65 0.0743
2015-08-04 2015-06-30 13F COMMERCE BANCSHARES COM 200525103 175,780 -126,090 8,221 0.0743
2015-05-14 2015-03-31 13F/A-1 COMMERCE BANCSHARES COM 200525103 301,870 120,667 66.59 12,776 62.11 0.1109
2015-05-01 2015-03-31 13F COMMAND SEC COM 200525103 301,870 12,776
2015-02-10 2014-12-31 13F COMMERCE BANCSHARES COM 200525103 181,203 181,203 7,881 0.0697
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.