COMMERCE BANK

Bank

CIK

1009076

Location

KANSAS CITY, MO

Portfolio Value

Large $16,417,284,234

Diversification

Diversified

Filing Date

Global Rank

#308 / 8,586 ▲ 32

Top Industry

Semiconductors 9.9%

3Y Alpha vs SPY

-4.8%

Period ended 3 months ago

Filed May 11, 2026 · 36d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+58.0%

SPY

+78.1%

Annualised alpha

-4.8%

Max drawdown

−17.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

1,012 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

6.7%

−0.4 pts

Top 5

25.1%

−3.5 pts

Top 10

36.1%

−3.2 pts

HHI

190

Diversified−35

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	28.1%	$4,605,629,564	147
Financial Services	13.7%	$2,252,301,468	183
Industrials	13.0%	$2,136,060,937	155
Healthcare	9.4%	$1,538,281,499	116
Consumer Cyclical	8.8%	$1,440,189,632	111
Communication Services	8.5%	$1,399,074,196	33
Consumer Defensive	5.8%	$955,501,307	57
Energy	4.6%	$751,286,424	58
Unclassified	3.6%	$583,385,839	14
Utilities	2.8%	$452,941,851	43
Real Estate	1.0%	$163,329,673	52
Basic Materials	0.8%	$139,301,844	43

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
UPS	United Parcel Service Inc	+1,716,778	1,742,900	$171,466,502
CBSH	Commerce Bancshares Inc /Mo/	+1,349,466	7,010,289	$344,906,218
AAPL	Apple Inc.	+509,288	4,322,486	$1,097,003,720
CMRC	Commerce.com, Inc.	+433,409	1,000,000	$2,670,000
NVDA	Nvidia Corp	+423,446	5,144,377	$897,179,348
NEE	Nextera Energy Inc	+351,045	1,510,854	$140,328,118
KNX	Knight-Swift Transportation Holdings Inc.	+348,566	354,770	$20,427,655
AMZN	Amazon Com Inc	+304,540	2,614,216	$544,462,764
BP	Bp PLC	+259,099	319,432	$15,013,304
MRK	Merck & Co., Inc.	+255,241	1,188,031	$142,908,247
SPY	Spdr S&P 500 ETF Trust	+250,856	501,503	$326,147,460
AVGO	Broadcom Inc.	+244,782	1,482,845	$458,955,355
MSFT	Microsoft Corp	+232,229	2,162,350	$800,437,098
PPL	PPL Corp	+226,154	269,040	$10,277,327
CSCO	Cisco Systems, Inc.	+221,381	898,556	$69,718,958
TJX	Tjx Companies Inc /De/	+193,580	322,797	$51,550,679
KO	Coca Cola Co	+193,040	658,359	$50,068,201
SHEL	Shell plc	+169,721	212,562	$19,768,266
JPM	Jpmorgan Chase & Co	+168,612	1,350,694	$397,320,146
KYN	Kayne Anderson Energy Infrastructure Fund, Inc.	+162,867	323,794	$4,623,778
PFE	Pfizer Inc	+158,900	1,678,280	$47,126,101
MRVL	Marvell Technology, Inc.	+156,347	187,762	$18,597,825
STAG	STAG Industrial, Inc.	+155,599	172,926	$6,235,711
HBAN	Huntington Bancshares Inc /Md/	+154,220	252,514	$3,951,844
WMT	Walmart Inc.	+152,094	1,240,877	$154,216,192
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
TOST	Toast, Inc.	−617,508	232,429	$6,161,692
T	At&T Inc.	−517,440	1,022,813	$29,651,348
VVV	Valvoline Inc	−352,600	388,432	$13,082,389
PTC	Ptc Inc.	−171,218	110,562	$15,753,977
BX	Blackstone Inc.	−118,931	197,584	$22,720,183
NOW	ServiceNow, Inc.	−117,562	300,777	$31,446,235
UBER	Uber Technologies, Inc	−86,354	958,868	$68,971,374
PLTR	Palantir Technologies Inc.	−69,400	273,736	$40,042,102
BSY	Bentley Systems Inc	−59,792	30,265	$1,062,906
HPQ	Hp Inc	−52,569	138,789	$2,666,136
RSG	Republic Services, Inc.	−52,425	106,201	$23,260,142
CELH	Celsius Holdings, Inc.	−45,598	703,352	$24,954,928
DT	Dynatrace, Inc.	−43,984	87,179	$3,223,878
PSKY	Paramount Skydance Corp	−36,699	24,048	$216,912
CPRT	Copart Inc	−32,650	54,131	$1,797,148
RRX	Regal Rexnord Corp	−25,955	194,554	$36,432,181
TMUS	T-Mobile US, Inc.	−20,839	471,246	$98,975,796
DBX	Dropbox, Inc.	−18,698	196,091	$4,455,186
CRM	Salesforce, Inc.	−16,937	66,013	$12,322,646
CRWD	CrowdStrike Holdings, Inc.	−14,096	55,804	$21,786,439
MASI	Masimo Corp	−13,145	4,731	$841,502
H	Hyatt Hotels Corp	−13,135	2,563	$368,533
FCX	Freeport-Mcmoran Inc	−13,025	252,340	$14,832,544
NDAQ	Nasdaq, Inc.	−13,007	298,344	$25,326,421
COLB	Columbia Banking System, Inc.	−13,000	21,546	$591,006
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
CALY	Callaway Golf Co	667,605	$9,266,357
CHWY	Chewy, Inc.	284,726	$7,687,602
AZN	Astrazeneca PLC	14,028	$2,766,601
AUB	Atlantic Union Bankshares Corp	64,539	$2,306,623
RY	Royal Bank Of Canada	13,683	$2,213,635
DNP	Dnp Select Income Fund Inc	161,102	$1,659,350
NJR	New Jersey Resources Corp	17,966	$986,692
FSS	Federal Signal Corp /De/	7,376	$797,640
AMCR	Amcor plc	18,620	$740,144
PNFP	Pinnacle Financial Partners, Inc.	8,223	$708,328
SMP	Standard Motor Products, Inc.	20,204	$701,886
CRS	Carpenter Technology Corp	1,737	$684,638
USO	United States Oil Fund, LP	5,270	$670,607
CGNX	Cognex Corp	13,098	$641,670
GTLS	Chart Industries Inc	2,978	$615,700
HROW	Harrow, Inc.	17,430	$614,581
RCI	Rogers Communications Inc	14,089	$541,722
FNLC	First Bancorp, Inc /ME/	17,150	$480,714
CGBD	Carlyle Secured Lending, Inc.	40,381	$441,768
CLS	Celestica Inc	1,543	$434,631
CE	Celanese Corp	6,498	$427,373
WSFS	Wsfs Financial Corp	6,515	$426,471
QXO	QXO, Inc.	21,578	$419,044
FMX	Mexican Economic Development Inc	3,707	$411,698
CECO	Ceco Environmental Corp	6,033	$359,446
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
ONON	On Holding AG	40,157	$1,866,496
SMCI	Super Micro Computer, Inc.	61,847	$1,810,261
EXAS	EXACT SCIENCES CORP	13,924	$1,414,121
SLGN	Silgan Holdings Inc	13,660	$551,453
ADC	Agree Realty Corp	5,824	$419,502
INSP	Inspire Medical Systems, Inc.	3,888	$358,590
RELX	Relx PLC	8,732	$352,947
PRI	Primerica, Inc.	1,196	$308,998
TTEK	Tetra Tech Inc	9,191	$308,266
LAD	Lithia Motors Inc	916	$304,413
GBTC	Grayscale Bitcoin Trust ETF	4,311	$294,699
AYI	Acuity Inc. (De)	790	$284,431
THO	Thor Industries Inc	2,563	$263,142
OLED	Universal Display Corp \Pa\	2,225	$259,835
LEU	Centrus Energy Corp	1,022	$248,100
BXMX	Nuveen S&P 500 BuyWrite Income Fund	15,819	$232,539
SE	Sea Ltd	1,795	$228,987
BEPC	Brookfield Renewable Corp	5,894	$225,975
PAYC	Paycom Software, Inc.	1,401	$223,263
INVH	Invitation Homes Inc.	7,962	$221,263
DOCS	Doximity, Inc.	4,912	$217,503
LZB	La-Z-Boy Inc	5,679	$211,655
RACE	Ferrari N.V.	571	$211,018
ROKU	Roku, Inc	1,920	$208,300
PACS	PACS Group, Inc.	5,400	$207,306
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1,012 positions · $16,417,284,234 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 1,012 positions by value · page 1 of 21

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Added	4,322,486	+509,288	$1,097,003,720	+5.8%	6.68%
NVDA	Nvidia Corp Technology	Added	5,144,377	+423,446	$897,179,348	+1.9%	5.46%
MSFT	Microsoft Corp Technology	Added	2,162,350	+232,229	$800,437,098	−14.2%	4.88%
GOOGL	Alphabet Inc. Communication Services	Added	2,693,855	+85,813	$774,644,942	−5.1%	4.72%
AMZN	Amazon Com Inc Consumer Cyclical	Added	2,614,216	+304,540	$544,462,764	+2.1%	3.32%
AVGO	Broadcom Inc. Technology	Added	1,482,845	+244,782	$458,955,355	+7.1%	2.80%
JPM	Jpmorgan Chase & Co Financial Services	Added	1,350,694	+168,612	$397,320,146	+4.3%	2.42%
CBSH	Commerce Bancshares Inc /Mo/ Financial Services	Reduced	7,010,289	-7,112,893	$344,906,218	−53.3%	2.10%
SPY	Spdr S&P 500 ETF Trust	Added	501,503	+250,856	$326,147,460	+90.8%	1.99%
XOM	Exxon Mobil Corp Energy	Added	1,669,788	+149,761	$283,296,230	+54.9%	1.73%
JNJ	Johnson & Johnson Healthcare	Added	971,935	+98,000	$237,579,790	+31.4%	1.45%
META	Meta Platforms, Inc. Communication Services	Added	414,189	+51,826	$236,969,952	−0.9%	1.44%
MS	Morgan Stanley Financial Services	Added	1,286,011	+126,137	$211,638,829	+2.8%	1.29%
V	Visa Inc. Financial Services	Added	695,201	+42,239	$210,117,550	−8.2%	1.28%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	1,451,144	+122,860	$209,603,238	+10.1%	1.28%
CAT	Caterpillar Inc Industrials	Added	259,482	+48,480	$183,832,617	+52.1%	1.12%
LLY	ELI LILLY & Co Healthcare	Added	191,230	+15,667	$175,887,616	−6.8%	1.07%
UPS	United Parcel Service Inc Industrials	Added	1,742,900	+1,716,778	$171,466,502	+6517.7%	1.04%
MCD	Mcdonalds Corp Consumer Cyclical	Added	520,571	+29,076	$161,788,260	+7.7%	0.99%
WMT	Walmart Inc. Consumer Defensive	Added	1,240,877	+152,094	$154,216,192	+27.1%	0.94%
MRK	Merck & Co., Inc. Healthcare	Added	1,188,031	+255,241	$142,908,247	+45.5%	0.87%
NEE	Nextera Energy Inc Utilities	Added	1,510,854	+351,045	$140,328,118	+50.7%	0.85%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	281,077	+38,593	$134,692,098	+10.5%	0.82%
NVT	nVent Electric plc Industrials	Reduced	1,107,218	-5,697	$130,961,744	+15.4%	0.80%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	263,371	+31,053	$129,454,747	−3.8%	0.79%
PH	Parker-Hannifin Corp Industrials	Reduced	144,109	-794	$129,012,140	+1.3%	0.79%
LOW	Lowes Companies Inc Consumer Cyclical	Added	536,943	+45,818	$126,868,891	+7.1%	0.77%
RTX	RTX Corp Industrials	Added	648,741	+142,343	$125,142,138	+34.7%	0.76%
CVX	Chevron Corp Energy	Added	603,977	+51,731	$124,962,840	+48.5%	0.76%
UNP	Union Pacific Corp Industrials	Added	514,801	+38,271	$124,901,018	+13.3%	0.76%
MCK	Mckesson Corp Healthcare	Added	139,447	+920	$120,671,854	+6.2%	0.74%
NOC	Northrop Grumman Corp /De/ Industrials	Added	175,672	+16,440	$119,850,464	+32.0%	0.73%
ABBV	AbbVie Inc. Healthcare	Added	545,072	+80,665	$118,547,708	+11.7%	0.72%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	116,977	+5,042	$116,559,390	+20.8%	0.71%
PEP	Pepsico Inc Consumer Defensive	Added	676,923	+22,453	$105,119,371	+11.9%	0.64%
HD	Home Depot, Inc. Consumer Cyclical	Added	305,580	+87,487	$100,502,204	+33.9%	0.61%
LMT	Lockheed Martin Corp Industrials	Added	164,409	+18,389	$99,367,154	+40.7%	0.61%
TMUS	T-Mobile US, Inc. Communication Services	Reduced	471,246	-20,839	$98,975,796	−0.9%	0.60%
ET	Energy Transfer LP Energy	Added	5,028,697	+36,303	$97,053,851	+17.9%	0.59%
HON	Honeywell International Inc Industrials	Added	424,999	+100,894	$96,062,523	+51.9%	0.59%
PANW	Palo Alto Networks Inc Technology	Added	585,099	+92,251	$93,803,070	+3.3%	0.57%
AEP	American Electric Power Co Inc Utilities	Added	715,376	+26,483	$93,771,485	+18.0%	0.57%
AMGN	Amgen Inc Healthcare	Added	259,907	+36,198	$91,448,277	+24.9%	0.56%
MSI	Motorola Solutions, Inc. Technology	Added	202,837	+2,170	$88,025,172	+14.4%	0.54%
MA	Mastercard Inc Financial Services	Added	174,961	+50,320	$87,421,012	+22.9%	0.53%
MDY	Spdr S&P Midcap 400 ETF Trust	Added	141,154	+114,538	$87,058,140	+442.2%	0.53%
TEL	TE Connectivity plc Technology	Added	414,423	+38,856	$86,622,695	+1.4%	0.53%
COF	Capital One Financial Corp Financial Services	Added	424,153	+28,889	$77,378,231	−19.2%	0.47%
EMR	Emerson Electric Co Industrials	Added	569,211	+73,263	$74,578,024	+13.3%	0.45%
USFD	US Foods Holding Corp. Consumer Defensive	Reduced	761,815	-2,113	$70,246,960	+22.1%	0.43%