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Commerce Bank

13F for the quarter to June 30, 2026, filed August 12, 2026 · SEC CIK 1009076

Reported value
$22.8bn
73% in companies we cover
Positions we cover
931
Largest AAPL 5.4%
Copy, a year
+13.2%
S&P 500 +13.9%
Copy Sharpe ratio
0.76
S&P 500 0.77

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $55.9k$51.5k
CopyS&P 500 $10,000 copying Commerce Bank's filed holdings in companies we cover from August 9, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −30.0% (S&P 500 −31.8%); beta 0.93; alpha +0.1% a year (t = 0.09); last 12 months +11.3% against +12.1%.

Reported value by quarter

Commerce Bank: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $5T $10T $15T Reported value, 2013-03-31: $5.1B Reported value, 2013-06-30: $5.4B Reported value, 2013-09-30: $5.5B Reported value, 2013-12-31: $5.8B Reported value, 2014-03-31: $5.9B Reported value, 2014-06-30: $6.1B Reported value, 2014-09-30: $6.1B Reported value, 2014-12-31: $6.3B Reported value, 2015-03-31: $6.4B Reported value, 2015-06-30: $6.4B Reported value, 2015-09-30: $5.8B Reported value, 2015-12-31: $6B Reported value, 2016-03-31: $6B Reported value, 2016-06-30: $6.3B Reported value, 2016-09-30: $6.4B Reported value, 2016-12-31: $6.7B Reported value, 2017-03-31: $7B Reported value, 2017-06-30: $7.1B Reported value, 2017-09-30: $7.4B Reported value, 2017-12-31: $7.7B Reported value, 2018-03-31: $15.2B Reported value, 2018-06-30: $7.9B Reported value, 2018-09-30: $8.4B Reported value, 2018-12-31: $7.9B Reported value, 2019-03-31: $8.4B Reported value, 2019-06-30: $8.9B Reported value, 2019-09-30: $9.7B Reported value, 2019-12-31: $10.5B Reported value, 2020-03-31: $8.3B Reported value, 2020-06-30: $10.3B Reported value, 2020-09-30: $11.1B Reported value, 2020-12-31: $12.4B Reported value, 2021-03-31: $13.1B Reported value, 2021-06-30: $14.1B Reported value, 2021-09-30: $14.1B Reported value, 2021-12-31: $15.3B Reported value, 2022-03-31: $14.6B Reported value, 2022-06-30: $12.3B Reported value, 2022-09-30: $11.5B Reported value, 2022-12-31: $12.3T Reported value, 2023-03-31: $12.8B Reported value, 2023-06-30: $13.4B Reported value, 2023-09-30: $12.7B Reported value, 2023-12-31: $14.1B Reported value, 2024-03-31: $15.1B Reported value, 2024-06-30: $15.4B Reported value, 2024-09-30: $16.3B Reported value, 2024-12-31: $16.2B Reported value, 2025-03-31: $15.7B Reported value, 2025-06-30: $16.9B Reported value, 2025-09-30: $18B Reported value, 2025-12-31: $18.1B Reported value, 2026-03-31: $20.7B Reported value, 2026-06-30: $22.8B 2013-03-31 2015-12-31 2018-09-30 2021-06-30 2024-03-31 2026-06-30 $22.8B
View chart data
Period Reported value
2013-03-31 $5.1B
2013-06-30 $5.4B
2013-09-30 $5.5B
2013-12-31 $5.8B
2014-03-31 $5.9B
2014-06-30 $6.1B
2014-09-30 $6.1B
2014-12-31 $6.3B
2015-03-31 $6.4B
2015-06-30 $6.4B
2015-09-30 $5.8B
2015-12-31 $6B
2016-03-31 $6B
2016-06-30 $6.3B
2016-09-30 $6.4B
2016-12-31 $6.7B
2017-03-31 $7B
2017-06-30 $7.1B
2017-09-30 $7.4B
2017-12-31 $7.7B
2018-03-31 $15.2B
2018-06-30 $7.9B
2018-09-30 $8.4B
2018-12-31 $7.9B
2019-03-31 $8.4B
2019-06-30 $8.9B
2019-09-30 $9.7B
2019-12-31 $10.5B
2020-03-31 $8.3B
2020-06-30 $10.3B
2020-09-30 $11.1B
2020-12-31 $12.4B
2021-03-31 $13.1B
2021-06-30 $14.1B
2021-09-30 $14.1B
2021-12-31 $15.3B
2022-03-31 $14.6B
2022-06-30 $12.3B
2022-09-30 $11.5B
2022-12-31 $12.3T
2023-03-31 $12.8B
2023-06-30 $13.4B
2023-09-30 $12.7B
2023-12-31 $14.1B
2024-03-31 $15.1B
2024-06-30 $15.4B
2024-09-30 $16.3B
2024-12-31 $16.2B
2025-03-31 $15.7B
2025-06-30 $16.9B
2025-09-30 $18B
2025-12-31 $18.1B
2026-03-31 $20.7B
2026-06-30 $22.8B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
AAPLApple Inc.5.43%$1.2bn4.27M−1.1% Reduced
NVDANVIDIA Corporation4.53%$1.0bn5.15M+0.2%
GOOGLAlphabet Inc. (Class A)4.19%$953.7m2.67M−0.9% Reduced
MSFTMicrosoft Corporation3.56%$810.3m2.17M+0.5%
AMZNAmazon2.73%$623.0m2.61M0.0%
AVGOBroadcom2.38%$542.9m1.44M−3.1% Reduced
JPMJPMorgan Chase1.86%$424.8m1.30M−3.9% Reduced
CBSHCommerce Bancshares Inc1.39%$316.0m5.47M−21.9% Reduced
CATCaterpillar Inc.1.26%$287.9m270.4K+4.2% Added
MSMorgan Stanley1.12%$255.0m1.22M−5.1% Reduced
JNJJohnson & Johnson1.10%$251.6m990.5K+1.9% Added
LLYLilly (Eli)1.03%$235.4m196.3K+2.6% Added
VVisa Inc.1.03%$234.8m684.3K−1.6% Reduced
METAMeta Platforms0.97%$220.2m390.9K−5.6% Reduced
PGProcter & Gamble0.92%$209.3m1.43M−1.6% Reduced
PANWPalo Alto Networks0.88%$201.3m590.3K+0.9% Added
UPSUnited Parcel Service0.82%$187.1m1.74M−0.1%
NVTnVent Electric plc0.72%$163.1m961.8K−13.1% Reduced
MRKMerck & Co.0.70%$159.2m1.24M+4.3% Added
NEENextEra Energy0.62%$142.0m1.62M+7.1% Added
UNPUnion Pacific Corporation0.62%$140.9m518.0K+0.6% Added
PHParker Hannifin0.62%$140.6m143.8K−0.2%
MCDMcDonald's0.61%$139.6m516.6K−0.8% Reduced
WMTWalmart0.61%$139.4m1.23M−0.8% Reduced
ABBVAbbVie0.59%$134.6m534.9K−1.9% Reduced
TMOThermo Fisher Scientific0.56%$127.8m254.8K−3.2% Reduced
RTXRTX Corporation0.53%$121.3m639.4K−1.4% Reduced
LOWLowe's0.51%$117.0m530.8K−1.1% Reduced
COSTCostco0.48%$110.3m117.9K+0.8% Added
MCKMcKesson0.46%$103.9m137.5K−1.4% Reduced
HDThe Home Depot0.46%$103.7m294.0K−3.8% Reduced
AMDAdvanced Micro Devices0.45%$102.8m176.9K+55.5% Added
AEPAmerican Electric Power0.44%$100.8m736.9K+3.0% Added
MUMicron Technology0.44%$99.6m86.2K+111.2% Added
CVXChevron Corporation0.43%$98.8m596.1K−1.3% Reduced
CSCOCisco0.43%$98.7m840.6K−6.5% Reduced
AMGNAmgen0.41%$92.9m256.4K−1.3% Reduced
MAMastercard0.40%$90.3m175.9K+0.5% Added
PEPPepsiCo0.39%$89.0m657.4K−2.9% Reduced
NOCNorthrop Grumman0.39%$88.6m173.9K−1.0% Reduced
TXNTexas Instruments0.39%$87.7m294.2K−0.6% Reduced
MSIMotorola Solutions0.38%$85.7m206.3K+1.7% Added
LMTLockheed Martin0.37%$83.4m163.7K−0.4%
EMREmerson Electric0.36%$82.7m577.6K+1.5% Added
TELTE Connectivity0.36%$82.3m408.1K−1.5% Reduced
ETNEaton Corporation0.35%$80.3m188.4K−0.2%
COFCapital One0.35%$80.1m399.4K−5.8% Reduced
USFDUS Foods Holding Corp.0.34%$77.1m754.0K−1.0% Reduced
TTTrane Technologies0.33%$74.1m150.9K−2.6% Reduced
DEDeere & Company0.31%$69.7m109.9K−0.9% Reduced
BACBank of America0.29%$66.2m1.16M−0.4%
BKNGBooking Holdings0.29%$65.3m366.2K+2302.4% Added
GEVGE Vernova0.28%$64.5m54.9K−5.1% Reduced
UBERUber0.28%$63.7m883.3K−7.9% Reduced
GSGoldman Sachs0.27%$62.5m61.8K−2.1% Reduced
WMWaste Management0.27%$60.9m273.1K−0.1%
ORCLOracle Corporation0.27%$60.7m414.3K−1.5% Reduced
KEYSKeysight Technologies0.26%$60.3m172.1K+63.5% Added
DISThe Walt Disney Company0.25%$57.1m593.2K−12.9% Reduced
TSLATesla, Inc.0.24%$54.3m129.1K−4.4% Reduced
KOThe Coca-Cola Company0.23%$52.9m651.1K−1.1% Reduced
UNHUnitedHealth Group0.23%$51.7m124.3K+3.6% Added
LINLinde plc0.22%$50.9m98.1K+25.1% Added
TMUST-Mobile US0.22%$50.7m302.1K−35.9% Reduced
TJXTJX Companies0.21%$49.0m323.3K+0.2%
HONHoneywell Technologies0.21%$48.4m216.3KNew
HONAHoneywell Aerospace0.21%$47.8m216.3KNew
NFLXNetflix0.21%$47.6m667.3K−8.0% Reduced
BLKBlackRock0.21%$46.8m48.7K−2.0% Reduced
AMATApplied Materials0.20%$46.5m64.3K+2.0% Added
RRXRegal Rexnord Corp0.20%$46.0m193.3K−0.6% Reduced
AXPAmerican Express0.20%$45.9m135.8K+1.2% Added
MRVLMarvell Technology0.20%$44.9m150.6K−19.8% Reduced
PWRQuanta Services0.20%$44.7m62.1K−0.5% Reduced
MOAltria0.19%$44.2m614.1K−0.3%
CRWDCrowdStrike0.19%$43.0m56.3K+0.9% Added
PMPhilip Morris International0.18%$42.2m233.5K+0.1%
KLACKLA Corporation0.18%$42.2m140.0K+936.0% Added
IBMIBM0.18%$42.0m149.4K+2.2% Added
DUKDuke Energy0.18%$41.7m329.5K−0.7% Reduced
ABTAbbott Laboratories0.18%$40.6m447.7K−2.3% Reduced
PFEPfizer0.18%$40.1m1.67M−0.7% Reduced
GEGE Aerospace0.17%$38.5m103.1K+0.5% Added
CCitigroup0.17%$38.1m272.3K+25.7% Added
SYKStryker Corporation0.17%$38.0m120.6K−38.7% Reduced
DHRDanaher Corporation0.16%$36.9m193.7K−8.3% Reduced
CBChubb Limited0.16%$36.7m107.6K−3.5% Reduced
ACGLArch Capital Group0.16%$36.2m373.0K−4.8% Reduced
GILDGilead Sciences0.16%$35.5m281.3K+253.9% Added
KNXKnight-swift Transportation Holdings Inc.0.16%$35.5m455.4K+28.4% Added
ITWIllinois Tool Works0.15%$34.9m128.9K−1.1% Reduced
WFCWells Fargo0.15%$34.5m418.1K−1.9% Reduced
ANETArista Networks0.15%$34.1m201.0K+28.4% Added
CMECME Group0.15%$33.4m151.1K+2.1% Added
TSMTaiwan Semiconductor Manufacturing Co LTD0.14%$32.3m67.7K−1.7% Reduced
ELVElevance Health0.14%$32.0m82.6K−9.6% Reduced
APPApplovin Corp0.14%$31.7m61.6K−9.3% Reduced
MDLZMondelez International0.14%$31.3m541.9K−1.4% Reduced
PLTRPalantir Technologies Inc.0.14%$31.0m266.0K−2.8% Reduced
CAHCardinal Health0.13%$30.3m127.7K−2.7% Reduced
LRCXLam Research0.13%$29.9m69.0K−4.9% Reduced
GLWCorning Inc.0.13%$29.1m113.9K−9.6% Reduced
SSNCSS&C Technologies Holdings Inc0.13%$28.9m465.0K−29.4% Reduced
SNDKSandisk0.12%$28.3m12.5K+0.7% Added
BLDRBuilders Firstsource, Inc.0.12%$27.5m307.5K−22.0% Reduced
ASMLAsml Holding NV0.12%$26.4m13.3K+5.0% Added
EPDEnterprise Products Partners L.p.0.12%$26.4m719.0K−20.3% Reduced
PLDPrologis0.11%$25.1m185.2K+3.6% Added
ORLYO'Reilly Automotive0.11%$25.0m271.2K−3.8% Reduced
NOWServiceNow0.11%$24.8m250.0K−16.9% Reduced
GRMNGarmin0.11%$24.3m102.2K−7.4% Reduced
CBRECBRE Group0.11%$24.1m178.8K−59.1% Reduced
GDGeneral Dynamics0.10%$23.9m67.6K−2.6% Reduced
QCOMQualcomm0.10%$23.8m129.0K−32.8% Reduced
ADPAutomatic Data Processing0.10%$23.6m105.2K−4.2% Reduced
APHAmphenol0.10%$23.3m131.9K+14.5% Added
VZVerizon0.10%$23.1m544.8K−3.9% Reduced
NDAQNasdaq, Inc.0.10%$22.5m285.6K−4.3% Reduced
ROKRockwell Automation0.10%$22.4m45.2K−4.8% Reduced
ESEEsco Technologies Inc0.10%$21.9m62.7K0.0%
INTCIntel0.09%$21.0m150.4K+6.5% Added
AMEAmetek0.09%$20.5m84.7K−4.2% Reduced
AEEAmeren0.09%$20.3m179.3K−0.5%
ADIAnalog Devices0.09%$20.0m50.3K−9.0% Reduced
IBKRInteractive Brokers0.09%$19.5m224.3K+3702.9% Added
HLTHilton Worldwide0.09%$19.3m58.5K−2.7% Reduced
ASTSAST Spacemobile, Inc.0.08%$18.9m212.7KNew
AZOAutoZone0.08%$18.3m5.7K−22.8% Reduced
PGRProgressive Corporation0.08%$18.1m82.8K−1.6% Reduced
VRTVertiv0.07%$16.7m49.9K+10.5% Added
RSGRepublic Services0.07%$16.4m77.0K−27.5% Reduced
SHELShell plc0.07%$16.4m211.1K−0.7% Reduced
BMYBristol Myers Squibb0.07%$16.1m280.1K−0.6% Reduced
EOGEOG Resources0.07%$16.1m124.3K+22.4% Added
TAT&T0.07%$16.0m770.6K−24.7% Reduced
PKGPackaging Corporation of America0.07%$15.9m66.8K+0.1%
USBU.S. Bancorp0.07%$15.9m263.3K−16.6% Reduced
MDTMedtronic0.07%$15.9m203.1K−3.9% Reduced
FCXFreeport-McMoRan0.07%$15.9m252.6K+0.1%
RCLRoyal Caribbean Group0.07%$15.9m50.0K−5.9% Reduced
AFLAflac0.07%$15.7m134.1K−0.1%
ADBEAdobe Inc.0.07%$15.7m76.6K−11.6% Reduced
OMCOmnicom Group0.07%$15.6m214.2K−6.0% Reduced
PSAPublic Storage0.07%$15.5m48.6K−2.4% Reduced
CELHCelsius Holdings, Inc.0.07%$15.3m523.3K−25.6% Reduced
TPRTapestry, Inc.0.07%$15.3m104.6K−55.1% Reduced
ISRGIntuitive Surgical0.07%$15.3m38.5K−1.9% Reduced
ICEIntercontinental Exchange0.07%$15.2m123.6K+1.2% Added
BXBlackstone Inc.0.07%$15.2m129.0K−34.7% Reduced
MPWRMonolithic Power Systems, Inc.0.07%$15.1m10.9K−1.0% Reduced
CompanyBought (value)Shares
BKNGBooking Holdings$62.5m350.9K
MUMicron Technology$52.4m45.4K
HONHoneywell Technologies$48.4m216.3K
HONAHoneywell Aerospace$47.8m216.3K
KLACKLA Corporation$38.2m126.5K
AMDAdvanced Micro Devices$36.7m63.1K
GILDGilead Sciences$25.5m201.8K
KEYSKeysight Technologies$23.4m66.8K
IBKRInteractive Brokers$19.0m218.4K
ASTSAST Spacemobile, Inc.$18.9m212.7K
BRXBrixmor Property Group Inc.$13.0m412.1K
CATCaterpillar Inc.$11.6m10.9K
LINLinde plc$10.2m19.7K
NEENextEra Energy$9.4m107.3K
KNXKnight-swift Transportation Holdings Inc.$7.8m100.6K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
CBSHCommerce Bancshares Inc−$88.8m−1.54M
CBRECBRE Group−$34.9m−258.8K
TMUST-Mobile US−$28.4m−169.1K
NVTnVent Electric plc−$24.7m−145.4K
SYKStryker Corporation−$24.0m−76.2K
TPRTapestry, Inc.−$18.8m−128.7K
JPMJPMorgan Chase−$17.3m−52.9K
AVGOBroadcom−$17.3m−45.7K
AAPLApple Inc.−$14.0m−48.2K
MSMorgan Stanley−$13.8m−66.1K
METAMeta Platforms−$13.1m−23.3K
SSNCSS&C Technologies Holdings Inc−$12.0m−193.4K
QCOMQualcomm−$11.6m−63.0K
MRVLMarvell Technology−$11.1m−37.2K
GOOGLAlphabet Inc. (Class A)−$9.0m−25.1K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
CRCLCircle Internet Group, Inc.$1.7m17.6K
PLNTPlanet Fitness, Inc.$1.6m21.1K
CSGPCoStar Group$825,03420.5K
DOCUDocusign, Inc.$483,81910.2K
PPCPilgrims Pride Corp$443,26511.7K
QXOQXO, Inc.$419,04521.6K
PRIMPrimoris Services Corp$373,4762.6K
CALMCal-maine Foods Inc$348,2604.4K
TEAMAtlassian Corp$316,4074.6K
MEDPMedpace Holdings, Inc.$314,524655
TTCToro Co$308,4453.3K
MORNMorningstar, Inc.$298,3731.8K
ASHAshland Inc.$288,2275.2K
ACMAecom$278,5483.3K
BAHBooz Allen Hamilton Holding Corp$278,0983.6K
AVAVAerovironment Inc$270,5481.5K
CHTRCharter Communications$270,4961.3K
ITGartner$266,8021.7K
HUBSHubspot Inc$259,2341.1K
FNDFloor & Decor Holdings, Inc.$257,6075.1K
PIPRPiper Sandler Companies$250,6243.3K
ALSNAllison Transmission Holdings Inc$243,4852.1K
HDBHdfc Bank LTD$242,9299.8K
WIXWix.com Ltd.$241,1172.7K
RYNRayonier Inc$240,20311.6K
CRDOCredo Technology Group Holding Ltd$237,3972.5K
EPAMEPAM Systems, Inc.$231,5331.7K
MIDDMiddleby Corp$224,4581.7K
AEMAgnico Eagle Mines LTD$221,0451.1K
CORTCorcept Therapeutics Inc$218,7225.4K
  • Technology32.3%
  • Industrials15.1%
  • Financials13.4%
  • Health Care9.8%
  • Consumer Discretionary8.7%
  • Communication Services8.7%
  • Consumer Staples5.6%
  • Utilities2.6%
  • Energy1.9%
  • Materials1.0%
  • Real Estate0.9%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 9, 2013 to November 2, 2026+13.2%+13.9%0.760.77−30.0%0.93
2018 onwardsJanuary 5, 2018 to November 2, 2026+13.1%+13.9%0.650.66−30.0%0.93
Last three yearsNovember 3, 2023 to November 2, 2026+19.8%+21.8%1.111.16−16.1%0.92
Last yearNovember 7, 2025 to November 2, 2026+13.2%+14.2%0.840.84−8.4%0.86

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.