Commerce.com, Inc.: which funds bought and sold

Institutions that bought and sold Commerce.com shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 90 institutions that filed 13F reports for both quarters added to or opened positions in Commerce.com, and 53 cut or closed them. Together they added a net 2.1M shares, +3.5% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 175K shares (−0.8%); index fund managers were net buyers of 1.7M shares (+10.0%). 24 opened a new position and 14 sold out entirely.

Bought, Q2 2026 90 institutions, 24 of them new holders Sold, Q2 2026 53 institutions, 14 of them sold out

Net change, all compared +2.1M shares (+3.5%)

Net change, active managers −175K shares (−0.8%), 13 bought, 16 sold

Buyers versus sellers

institutions compared, 169

90 bought 26 53 sold

Active managers and hedge funds 13 bought · 16 sold · −175K

Index fund managers 8 bought · 2 sold · +1.7M

Other institutions 69 bought · 35 sold · +566K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Blackrock, Inc. Index funds	+757K +15.9%	5.5M	$16.3M
AQR Capital Management LLC Hedge fund	+740K +45.7%	2.4M	$7M
Segall Bryant & Hamill, LLC Active manager	+478K +137.7%	824K	$2.4M
Geode Capital Management, LLC Index funds	+387K +26.3%	1.9M	$5.5M
Goldman Sachs Group Inc	+376K +85.1%	819K	$2.4M
Man Group PLC Hedge fund	+373K +703.9%	426K	$1.3M
Herald Investment Management Ltd	+360K +51.4%	1.1M	$3.1M
Ameriprise Financial Inc	+224K +13.2%	1.9M	$5.7M
P.A.W. Capital Corp	+200K +28.6%	900K	$2.7M
Vanguard Capital Management LLC Index funds	+193K +6.8%	3.0M	$9M
Legal & General Group PLC	+188K +55.5%	527K	$1.6M
Vanguard Portfolio Management LLC Index funds	+162K +3.6%	4.7M	$14M
Connor, Clark & Lunn Investment Management Ltd.	+140K +11.3%	1.4M	$4.1M
FMR LLC Active manager	+104K +41.8%	354K	$1M
Pale Fire Capital Se	+103K +3.5%	3.1M	$9M
Nano Cap New Millennium Growth Fund L P	+103K +29.1%	455K	$1.3M
Ieq Capital, LLC	+97K +93.7%	200K	$591,354
Vanguard Global Advisers, LLC	+88K +47.8%	272K	$805,375
Voya Investment Management LLC	+82K +630.3%	95K	$282,144
Northern Trust Corp Index funds	+77K +14.4%	613K	$1.8M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
AQR Capital Management LLC Hedge fund	+740K +45.7%	2.4M	$7M
Segall Bryant & Hamill, LLC Active manager	+478K +137.7%	824K	$2.4M
Man Group PLC Hedge fund	+373K +703.9%	426K	$1.3M
FMR LLC Active manager	+104K +41.8%	354K	$1M
Bridgeway Capital Management, LLC Active manager	+60K +30.0%	260K	$769,600
Victory Capital Management Inc Active manager	+48K +26.6%	230K	$681,247
Price T Rowe Associates Inc Active manager	+46K +33.6%	185K	$548,000
Lazard Asset Management LLC Active manager	+42K New position	42K	$123,485
Two Sigma Investments, LP Hedge fund	+28K +11.1%	277K	$818,473
Royce & Associates LP Active manager	+19K New position	19K	$55,917

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Divisar Capital Management LLC	−784K −20.0%	3.1M	$9.3M
Jacobs Levy Equity Management, Inc Active manager	−568K −59.0%	394K	$1.2M
D. E. Shaw & Co., Inc. Hedge fund	−375K −67.0%	185K	$546,614
UBS Group AG	−256K −62.4%	154K	$456,314
Point72 Asset Management, L.P. Hedge fund	−250K −93.4%	18K	$52,345
Millennium Management LLC Hedge fund	−250K Sold out	0	—
Rice Hall James & Associates, LLC	−219K Sold out	0	—
Citadel Advisors LLC Hedge fund	−218K −56.2%	170K	$503,431
Potrero Capital Research LLC	−186K −24.9%	562K	$1.7M
State Of Wyoming	−143K Sold out	0	—
Susquehanna International Group, LLP	−142K −85.9%	23K	$69,113
Qube Research & Technologies Ltd Hedge fund	−133K −44.0%	169K	$501,545
Marshall Wace, LLP Hedge fund	−117K −11.3%	910K	$2.7M
Monimus Capital Management, LP	−98K −8.4%	1.1M	$3.2M
Boothbay Fund Management, LLC Hedge fund	−77K −59.9%	52K	$153,654
Tudor Investment Corp Et Al Hedge fund	−74K Sold out	0	—
Needham Investment Management LLC	−70K −36.8%	120K	$355,200
Diametric Capital, LP	−48K Sold out	0	—
Gsa Capital Partners LLP	−41K −20.7%	156K	$462,000
Morgan Stanley	−30K −7.5%	365K	$1.1M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Jacobs Levy Equity Management, Inc Active manager	−568K −59.0%	394K	$1.2M
D. E. Shaw & Co., Inc. Hedge fund	−375K −67.0%	185K	$546,614
Point72 Asset Management, L.P. Hedge fund	−250K −93.4%	18K	$52,345
Millennium Management LLC Hedge fund	−250K Sold out	0	—
Citadel Advisors LLC Hedge fund	−218K −56.2%	170K	$503,431
Qube Research & Technologies Ltd Hedge fund	−133K −44.0%	169K	$501,545
Marshall Wace, LLP Hedge fund	−117K −11.3%	910K	$2.7M
Boothbay Fund Management, LLC Hedge fund	−77K −59.9%	52K	$153,654
Tudor Investment Corp Et Al Hedge fund	−74K Sold out	0	—
Brevan Howard Capital Management LP Hedge fund	−18K Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
Lazard Asset Management LLCActive manager	42K	$123,485
Newedge Advisors, LLC	34K	$100,932
Abel Hall, LLC	21K	$61,737
Royce & Associates LPActive manager	19K	$55,917
Amundi	16K	$48,292
Iht Wealth Management, LLC	15K	$44,400
Focus Partners Wealth	14K	$41,349
Merit Financial Group, LLC	14K	$40,792
Williams & Novak, LLC	13K	$37,592
Bronte Capital Management Pty Ltd.	10K	$30,423

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Millennium Management LLCHedge fund	250K	$668,026
Rice Hall James & Associates, LLC	219K	$585,053
State Of Wyoming	143K	$382,138
Tudor Investment Corp Et AlHedge fund	74K	$196,507
Diametric Capital, LP	48K	$127,289
Headlands Technologies LLC	19K	$49,654
Brevan Howard Capital Management LPHedge fund	18K	$46,915
Hightower Advisors, LLC	13K	$34,237
Bare Financial Services, Inc	715	$1,909
Clarity Asset Management, Inc.	500	$1,335

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 155
Ten largest holders: 62.0%
Index fund managers: 30.0%
Active managers and hedge funds: 34.3%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	13	16	2	3	−175K	−0.8%
Index fund managers	8	2	0	0	+1.7M	+10.0%
Other institutions	69	35	22	11	+566K	+2.6%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Commerce.com.

Only managers that filed a holdings report for both quarters are compared (169 here). 3 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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