COMMERCE BANK

Bank

CIK

1009076

Location

KANSAS CITY, MO

Portfolio Value

Mid $1,399,074,196

Diversification

Diversified

Filing Date

Global Rank

#308 / 8,588 ▲ 32

Top Industry

Semiconductors 9.9%

3Y Alpha vs SPY

-4.8%

Period ended 3 months ago

Filed May 11, 2026 · 37d

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

-4.7%

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

33 positions · $1,399,074,196 total · Communication Services only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GOOGL	Alphabet Inc. Communication Services	Added	2,693,855	+85,813	$774,644,942	−5.1%	55.37%
META	Meta Platforms, Inc. Communication Services	Added	414,189	+51,826	$236,969,952	−0.9%	16.94%
TMUS	T-Mobile US, Inc. Communication Services	Reduced	471,246	-20,839	$98,975,796	−0.9%	7.07%
NFLX	Netflix Inc Communication Services	Added	724,884	+69,379	$69,697,596	+13.4%	4.98%
DIS	Walt Disney Co Communication Services	Added	681,453	+57,402	$65,678,438	−7.5%	4.69%
T	At&T Inc. Communication Services	Reduced	1,022,813	-517,440	$29,651,348	−22.5%	2.12%
VZ	Verizon Communications Inc Communication Services	Added	566,901	+3,710	$28,458,430	+24.1%	2.03%
APP	AppLovin Corp Communication Services	Added	67,946	+20,724	$27,042,508	−15.0%	1.93%
OMC	Omnicom Group Inc. Communication Services	Reduced	227,886	-3,938	$17,162,093	−8.3%	1.23%
CMCSA	Comcast Corp Communication Services	Added	311,526	+5,993	$8,943,910	+4.5%	0.64%
TKO	TKO Group Holdings, Inc. Communication Services	Added	41,345	+2,236	$8,337,218	+2.0%	0.60%
SPOT	Spotify Technology S.A. Communication Services	Added	11,677	+1,532	$5,662,292	−3.9%	0.40%
NXST	Nexstar Media Group, Inc. Communication Services	Reduced	27,909	-2,645	$5,046,784	−18.7%	0.36%
TTWO	Take Two Interactive Software Inc Communication Services	Added	15,262	+1,697	$3,014,245	−13.2%	0.22%
SATS	EchoStar CORP Communication Services	Added	20,737	+52	$2,427,680	+8.0%	0.17%
WBD	Warner Bros. Discovery, Inc. Communication Services	Added	87,563	+554	$2,404,479	−4.1%	0.17%
LYV	Live Nation Entertainment, Inc. Communication Services	Added	14,864	+694	$2,266,908	+12.3%	0.16%
TTD	Trade Desk, Inc. Communication Services	Added	90,421	+70,964	$2,051,651	+177.8%	0.15%
EA	Electronic Arts Inc. Communication Services	Added	8,759	+2,600	$1,785,696	+41.9%	0.13%
RBLX	Roblox Corp Communication Services	Reduced	30,955	-5,614	$1,750,814	−40.9%	0.13%
PINS	Pinterest, Inc. Communication Services	Added	90,725	+14,027	$1,663,896	−16.2%	0.12%
NYT	New York Times Co Communication Services	Added	13,389	+22	$1,121,060	+20.8%	0.08%
LLYVA	Liberty Live Holdings, Inc. Communication Services	Held	8,982	0	$823,110	+12.4%	0.06%
SIRI	Sirius Xm Holdings Inc. Communication Services	Reduced	25,393	-1,032	$586,070	+10.9%	0.04%
RCI	Rogers Communications Inc Communication Services	NEW	14,089	NEW	$541,722	NEW	0.04%
FOXA	Fox Corp Communication Services	Reduced	7,698	-461	$449,563	−24.6%	0.03%
VOD	Vodafone Group Public Ltd Co Communication Services	Added	26,064	+270	$391,481	+14.9%	0.03%
NWSA	News Corp Communication Services	Reduced	14,163	-180	$353,083	−5.8%	0.03%
CHTR	Charter Communications, Inc. /Mo/ Communication Services	Reduced	1,253	-355	$270,497	−19.4%	0.02%
MSGS	Madison Square Garden Sports Corp. Communication Services	Held	819	0	$263,226	+24.3%	0.02%
PSKY	Paramount Skydance Corp Communication Services	Reduced	24,048	-36,699	$216,912	−73.4%	0.02%
SPHR	Sphere Entertainment Co. Communication Services	NEW	1,807	NEW	$212,141	NEW	0.02%
AMX	America Movil Sab De Cv/ Communication Services	NEW	8,189	NEW	$208,655	NEW	0.01%