COMMERCE BANK

Filed: 5/8/2025ACC: 0001009076-25-000008

📋 What this filing means

COMMERCE BANK filed this quarterly 13F‑HR report disclosing 1174 equity positions with a total reported market value of $15.67B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

1174

Positions

$15.67B

Total AUM (reported)

122.22M

Total Shares

Allocation by class

COM$10.21B65.2%

CL A$696.19M4.4%

CAP STK CL A$427.90M2.7%

COM NEW$370.19M2.4%

RUS MDCP VAL ETF$279.06M1.8%

COM CL A$258.03M1.6%

SHS$217.21M1.4%

Portfolio Concentration

Top 3$2.14B13.7%

4–10$2.19B14.0%

11–25$2.38B15.2%

Rest$8.96B57.2%

Top 3 weight

13.7%

Top 10 weight

27.6%

Voting Authority Distribution

Total shares with voting rights: 122.18M

Sole

Full voting authority

115.40M

% of voting shares94.4%

Shared

Joint voting authority

2.56M

% of voting shares2.1%

None

No voting authority

4.22M

% of voting shares3.5%

Investment Discretion (by position count)

Sole0

Shared0

Other1174

Dominant voting typeSole · 94.4% of voting shares

Institutional Holdings1174

Rows:

APPLE INC

DFND

COM

Shares3.91M

TypeSH

Market value$869.38M

5.55%

Sole

3.82M

Shared

67.22K

None

26.97K

MICROSOFT CORP

DFND

COM

Shares1.96M

TypeSH

Market value$735.24M

4.69%

Sole

1.90M

Shared

40.27K

None

14.73K

NVIDIA CORPORATION

DFND

COM

Shares4.95M

TypeSH

Market value$536.01M

3.42%

Sole

4.80M

Shared

113.35K

None

31.20K

AMAZON COM INC

DFND

COM

Shares2.28M

TypeSH

Market value$434.19M

2.77%

Sole

2.21M

Shared

63.49K

None

12.78K

ALPHABET INC

DFND

CAP STK CL A

Shares2.77M

TypeSH

Market value$427.90M

2.73%

Sole

2.68M

Shared

67.11K

None

19.67K

JPMORGAN CHASE & CO.

DFND

COM

Shares1.20M

TypeSH

Market value$293.87M

1.88%

Sole

1.17M

Shared

18.96K

None

5.64K

COMMERCE BANCSHARES INC

DFND

COM

Shares4.63M

TypeSH

Market value$288.11M

1.84%

Sole

920.16K

Shared

410.67K

None

3.30M

ISHARES TR

DFND

RUS MDCP VAL ETF

Shares2.22M

TypeSH

Market value$279.06M

1.78%

Sole

2.17M

Shared

46.94K

None

1.77K

PROCTER AND GAMBLE CO

DFND

COM

Shares1.36M

TypeSH

Market value$231.72M

1.48%

Sole

1.31M

Shared

43.01K

None

7.56K

VISA INC

DFND

COM CL A

Shares657.94K

TypeSH

Market value$230.58M

1.47%

Sole

644.97K

Shared

8.10K

None

4.87K

BROADCOM INC

DFND

COM

Shares1.31M

TypeSH

Market value$219.15M

1.40%

Sole

1.26M

Shared

44.37K

None

6.98K

ISHARES TR

DFND

RUS MD CP GR ETF

Shares1.77M

TypeSH

Market value$208.41M

1.33%

Sole

1.76M

Shared

11.74K

None

2.62K

META PLATFORMS INC

DFND

CL A

Shares331.28K

TypeSH

Market value$190.94M

1.22%

Sole

321.92K

Shared

7.97K

None

1.39K

EXXON MOBIL CORP

DFND

COM

Shares1.54M

TypeSH

Market value$182.97M

1.17%

Sole

1.49M

Shared

38.62K

None

13.39K

ISHARES TR

DFND

RUS 1000 GRW ETF

Shares452.21K

TypeSH

Market value$163.29M

1.04%

Sole

443.41K

Shared

8.32K

None

485.00

MCDONALDS CORP

DFND

COM

Shares493.66K

TypeSH

Market value$154.21M

0.98%

Sole

477.32K

Shared

12.65K

None

3.69K

JOHNSON & JOHNSON

DFND

COM

Shares893.84K

TypeSH

Market value$148.23M

0.95%

Sole

867.13K

Shared

21.10K

None

5.61K

ELI LILLY & CO

DFND

COM

Shares176.38K

TypeSH

Market value$145.67M

0.93%

Sole

172.08K

Shared

3.21K

None

1.09K

SPDR S&P 500 ETF TR

DFND

TR UNIT

Shares253.76K

TypeSH

Market value$141.95M

0.91%

Sole

246.11K

Shared

3.28K

None

4.37K

ISHARES TR

DFND

RUS 1000 VAL ETF

Shares750.16K

TypeSH

Market value$141.15M

0.90%

Sole

736.72K

Shared

12.63K

None

804.00

T-MOBILE US INC

DFND

COM

Shares528.16K

TypeSH

Market value$140.87M

0.90%

Sole

515.83K

Shared

9.72K

None

2.61K

MORGAN STANLEY

DFND

COM NEW

Shares1.19M

TypeSH

Market value$138.60M

0.88%

Sole

1.16M

Shared

21.58K

None

6.50K

PEPSICO INC

DFND

COM

Shares919.43K

TypeSH

Market value$137.86M

0.88%

Sole

890.35K

Shared

21.63K

None

7.45K

ISHARES TR

DFND

CORE S&P500 ETF

Shares239.28K

TypeSH

Market value$134.45M

0.86%

Sole

239.14K

Shared

0.00

None

145.00

ISHARES TR

DFND

RUS MID CAP ETF

Shares1.52M

TypeSH

Market value$129.59M

0.83%

Sole

1.49M

Shared

33.88K

None

4.46K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared	None
APPLE INCDFND	COM	3.91M	SH	$869.38M 5.55%	3.82M	67.22K	26.97K
MICROSOFT CORPDFND	COM	1.96M	SH	$735.24M 4.69%	1.90M	40.27K	14.73K
NVIDIA CORPORATIONDFND	COM	4.95M	SH	$536.01M 3.42%	4.80M	113.35K	31.20K
AMAZON COM INCDFND	COM	2.28M	SH	$434.19M 2.77%	2.21M	63.49K	12.78K
ALPHABET INCDFND	CAP STK CL A	2.77M	SH	$427.90M 2.73%	2.68M	67.11K	19.67K
JPMORGAN CHASE & CO.DFND	COM	1.20M	SH	$293.87M 1.88%	1.17M	18.96K	5.64K
COMMERCE BANCSHARES INCDFND	COM	4.63M	SH	$288.11M 1.84%	920.16K	410.67K	3.30M
ISHARES TRDFND	RUS MDCP VAL ETF	2.22M	SH	$279.06M 1.78%	2.17M	46.94K	1.77K
PROCTER AND GAMBLE CODFND	COM	1.36M	SH	$231.72M 1.48%	1.31M	43.01K	7.56K
VISA INCDFND	COM CL A	657.94K	SH	$230.58M 1.47%	644.97K	8.10K	4.87K
BROADCOM INCDFND	COM	1.31M	SH	$219.15M 1.40%	1.26M	44.37K	6.98K
ISHARES TRDFND	RUS MD CP GR ETF	1.77M	SH	$208.41M 1.33%	1.76M	11.74K	2.62K
META PLATFORMS INCDFND	CL A	331.28K	SH	$190.94M 1.22%	321.92K	7.97K	1.39K
EXXON MOBIL CORPDFND	COM	1.54M	SH	$182.97M 1.17%	1.49M	38.62K	13.39K
ISHARES TRDFND	RUS 1000 GRW ETF	452.21K	SH	$163.29M 1.04%	443.41K	8.32K	485.00
MCDONALDS CORPDFND	COM	493.66K	SH	$154.21M 0.98%	477.32K	12.65K	3.69K
JOHNSON & JOHNSONDFND	COM	893.84K	SH	$148.23M 0.95%	867.13K	21.10K	5.61K
ELI LILLY & CODFND	COM	176.38K	SH	$145.67M 0.93%	172.08K	3.21K	1.09K
SPDR S&P 500 ETF TRDFND	TR UNIT	253.76K	SH	$141.95M 0.91%	246.11K	3.28K	4.37K
ISHARES TRDFND	RUS 1000 VAL ETF	750.16K	SH	$141.15M 0.90%	736.72K	12.63K	804.00
T-MOBILE US INCDFND	COM	528.16K	SH	$140.87M 0.90%	515.83K	9.72K	2.61K
MORGAN STANLEYDFND	COM NEW	1.19M	SH	$138.60M 0.88%	1.16M	21.58K	6.50K
PEPSICO INCDFND	COM	919.43K	SH	$137.86M 0.88%	890.35K	21.63K	7.45K
ISHARES TRDFND	CORE S&P500 ETF	239.28K	SH	$134.45M 0.86%	239.14K	0.00	145.00
ISHARES TRDFND	RUS MID CAP ETF	1.52M	SH	$129.59M 0.83%	1.49M	33.88K	4.46K

Page 1 of 47

…