COMMERCE BANK

Filed: 2/13/2026ACC: 0001009076-26-000003

📋 What this filing means

COMMERCE BANK filed this quarterly 13F‑HR report disclosing 1240 equity positions with a total reported market value of $18.11B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

1240

Positions

$18.11B

Total AUM (reported)

123.24M

Total Shares

Allocation by class

COM$11.34B62.6%

CAP STK CL A$816.32M4.5%

CL A$686.65M3.8%

COM NEW$469.22M2.6%

SHS$295.95M1.6%

COM CL A$287.06M1.6%

RUS MDCP VAL ETF$279.95M1.5%

Portfolio Concentration

Top 3$2.85B15.7%

4–10$2.97B16.4%

11–25$2.70B14.9%

Rest$9.59B53.0%

Top 3 weight

15.7%

Top 10 weight

32.2%

Voting Authority Distribution

Total shares with voting rights: 123.24M

Sole

Full voting authority

117M

% of voting shares94.9%

Shared

Joint voting authority

2.04M

% of voting shares1.7%

None

No voting authority

4.21M

% of voting shares3.4%

Investment Discretion (by position count)

Sole0

Shared0

Other1240

Dominant voting typeSole · 94.9% of voting shares

Institutional Holdings1240

Rows:

APPLE INC

DFND

COM

Shares3.81M

TypeSH

Market value$1.04B

5.72%

Sole

3.74M

Shared

43.77K

None

26.78K

MICROSOFT CORP

DFND

COM

Shares1.93M

TypeSH

Market value$933.45M

5.15%

Sole

1.89M

Shared

23.89K

None

14.64K

NVIDIA CORPORATION

DFND

COM

Shares4.72M

TypeSH

Market value$880.45M

4.86%

Sole

4.62M

Shared

74.29K

None

29.09K

ALPHABET INC

DFND

CAP STK CL A

Shares2.61M

TypeSH

Market value$816.32M

4.51%

Sole

2.55M

Shared

43.72K

None

16.81K

AMAZON COM INC

DFND

COM

Shares2.31M

TypeSH

Market value$533.12M

2.94%

Sole

2.26M

Shared

36.18K

None

12.20K

BROADCOM INC

DFND

COM

Shares1.24M

TypeSH

Market value$428.49M

2.37%

Sole

1.20M

Shared

31.85K

None

8.18K

JPMORGAN CHASE & CO

DFND

COM

Shares1.18M

TypeSH

Market value$380.89M

2.10%

Sole

1.16M

Shared

15.98K

None

5.09K

COMMERCE BANCSHARES INC

DFND

COM

Shares5.66M

TypeSH

Market value$296.29M

1.64%

Sole

1.83M

Shared

410.20K

None

3.42M

ISHARES TR

DFND

RUS MDCP VAL ETF

Shares1.98M

TypeSH

Market value$279.95M

1.55%

Sole

1.95M

Shared

33.69K

None

1.77K

META PLATFORMS INC

DFND

CL A

Shares362.36K

TypeSH

Market value$239.19M

1.32%

Sole

354.09K

Shared

6.67K

None

1.61K

VISA INC

DFND

COM CL A

Shares652.96K

TypeSH

Market value$229.00M

1.26%

Sole

642.57K

Shared

5.42K

None

4.97K

ISHARES TR

DFND

RUS MD CP GR ETF

Shares1.66M

TypeSH

Market value$227.38M

1.26%

Sole

1.65M

Shared

9.92K

None

2.62K

ISHARES TR

DFND

RUS 1000 GRW ETF

Shares453.53K

TypeSH

Market value$214.66M

1.19%

Sole

445.04K

Shared

8.31K

None

180.00

MORGAN STANLEY

DFND

COM NEW

Shares1.16M

TypeSH

Market value$205.91M

1.14%

Sole

1.14M

Shared

16.13K

None

5.81K

PROCTER & GAMBLE CO

DFND

COM

Shares1.33M

TypeSH

Market value$190.36M

1.05%

Sole

1.28M

Shared

37.31K

None

7.12K

ELI LILLY & CO

DFND

COM

Shares175.56K

TypeSH

Market value$188.87M

1.04%

Sole

172.34K

Shared

2.30K

None

1.10K

EXXON MOBIL CORP

DFND

COM

Shares1.52M

TypeSH

Market value$182.92M

1.01%

Sole

1.48M

Shared

26.77K

None

12.15K

JOHNSON & JOHNSON

DFND

COM

Shares873.93K

TypeSH

Market value$180.86M

1.00%

Sole

855.75K

Shared

12.89K

None

5.29K

STATE STR SPDR S&P 500 ETF T

DFND

TR UNIT

Shares250.65K

TypeSH

Market value$170.92M

0.94%

Sole

245.30K

Shared

982.00

None

4.37K

ALPHABET INC

DFND

CAP STK CL C

Shares512.70K

TypeSH

Market value$160.88M

0.89%

Sole

506.67K

Shared

2.38K

None

3.65K

ISHARES TR

DFND

CORE S&P500 ETF

Shares232.28K

TypeSH

Market value$159.09M

0.88%

Sole

231.97K

Shared

0.00

None

305.00

ISHARES TR

DFND

RUS 1000 VAL ETF

Shares725.36K

TypeSH

Market value$152.57M

0.84%

Sole

714.97K

Shared

10.23K

None

154.00

MCDONALDS CORP

DFND

COM

Shares491.50K

TypeSH

Market value$150.22M

0.83%

Sole

477.48K

Shared

10.29K

None

3.72K

ISHARES TR

DFND

RUS MID CAP ETF

Shares1.48M

TypeSH

Market value$142.86M

0.79%

Sole

1.45M

Shared

33.38K

None

4.46K

ISHARES TR

DFND

ISHARES BIOTECH

Shares825.69K

TypeSH

Market value$139.35M

0.77%

Sole

803.06K

Shared

14.51K

None

8.13K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared	None
APPLE INCDFND	COM	3.81M	SH	$1.04B 5.72%	3.74M	43.77K	26.78K
MICROSOFT CORPDFND	COM	1.93M	SH	$933.45M 5.15%	1.89M	23.89K	14.64K
NVIDIA CORPORATIONDFND	COM	4.72M	SH	$880.45M 4.86%	4.62M	74.29K	29.09K
ALPHABET INCDFND	CAP STK CL A	2.61M	SH	$816.32M 4.51%	2.55M	43.72K	16.81K
AMAZON COM INCDFND	COM	2.31M	SH	$533.12M 2.94%	2.26M	36.18K	12.20K
BROADCOM INCDFND	COM	1.24M	SH	$428.49M 2.37%	1.20M	31.85K	8.18K
JPMORGAN CHASE & CODFND	COM	1.18M	SH	$380.89M 2.10%	1.16M	15.98K	5.09K
COMMERCE BANCSHARES INCDFND	COM	5.66M	SH	$296.29M 1.64%	1.83M	410.20K	3.42M
ISHARES TRDFND	RUS MDCP VAL ETF	1.98M	SH	$279.95M 1.55%	1.95M	33.69K	1.77K
META PLATFORMS INCDFND	CL A	362.36K	SH	$239.19M 1.32%	354.09K	6.67K	1.61K
VISA INCDFND	COM CL A	652.96K	SH	$229.00M 1.26%	642.57K	5.42K	4.97K
ISHARES TRDFND	RUS MD CP GR ETF	1.66M	SH	$227.38M 1.26%	1.65M	9.92K	2.62K
ISHARES TRDFND	RUS 1000 GRW ETF	453.53K	SH	$214.66M 1.19%	445.04K	8.31K	180.00
MORGAN STANLEYDFND	COM NEW	1.16M	SH	$205.91M 1.14%	1.14M	16.13K	5.81K
PROCTER & GAMBLE CODFND	COM	1.33M	SH	$190.36M 1.05%	1.28M	37.31K	7.12K
ELI LILLY & CODFND	COM	175.56K	SH	$188.87M 1.04%	172.34K	2.30K	1.10K
EXXON MOBIL CORPDFND	COM	1.52M	SH	$182.92M 1.01%	1.48M	26.77K	12.15K
JOHNSON & JOHNSONDFND	COM	873.93K	SH	$180.86M 1.00%	855.75K	12.89K	5.29K
STATE STR SPDR S&P 500 ETF TDFND	TR UNIT	250.65K	SH	$170.92M 0.94%	245.30K	982.00	4.37K
ALPHABET INCDFND	CAP STK CL C	512.70K	SH	$160.88M 0.89%	506.67K	2.38K	3.65K
ISHARES TRDFND	CORE S&P500 ETF	232.28K	SH	$159.09M 0.88%	231.97K	0.00	305.00
ISHARES TRDFND	RUS 1000 VAL ETF	725.36K	SH	$152.57M 0.84%	714.97K	10.23K	154.00
MCDONALDS CORPDFND	COM	491.50K	SH	$150.22M 0.83%	477.48K	10.29K	3.72K
ISHARES TRDFND	RUS MID CAP ETF	1.48M	SH	$142.86M 0.79%	1.45M	33.38K	4.46K
ISHARES TRDFND	ISHARES BIOTECH	825.69K	SH	$139.35M 0.77%	803.06K	14.51K	8.13K

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