COMMERCE BANK

PrivateCIK: 1009076

Location

KANSAS CITY, MO

1338

Positions

$22.78B

Total AUM (reported)

143.24M

Total Shares

Allocation by class

COM$13.33B58.5%

CAP STK CL A$953.74M4.2%

CL A$627.67M2.8%

COM NEW$616.32M2.7%

SHS$444.42M2.0%

TR UNIT$370.72M1.6%

CORE S&P500 ETF$356.79M1.6%

Portfolio Concentration

Top 3$3.22B14.1%

4–10$3.44B15.1%

11–25$3.55B15.6%

Rest$12.56B55.1%

Top 3 weight

14.1%

Top 10 weight

29.3%

Voting Authority Distribution

Total shares with voting rights: 143.24M

Sole

Full voting authority

136.01M

% of voting shares95.0%

Shared

Joint voting authority

1.98M

% of voting shares1.4%

None

No voting authority

5.25M

% of voting shares3.7%

Investment Discretion (by position count)

Sole1277

Shared0

Other61

Dominant voting typeSole · 95.0% of voting shares

Institutional Holdings1338

Rows:

APPLE INC

SOLE

COM

Shares4.27M

TypeSH

Market value$1.24B

5.43%

Sole

4.20M

Shared

38.59K

None

31.27K

NVIDIA CORPORATION

SOLE

COM

Shares5.15M

TypeSH

Market value$1.03B

4.53%

Sole

5.04M

Shared

76.34K

None

36.18K

ALPHABET INC

SOLE

CAP STK CL A

Shares2.67M

TypeSH

Market value$953.74M

4.19%

Sole

2.61M

Shared

41.80K

None

16.30K

MICROSOFT CORP

SOLE

COM

Shares2.17M

TypeSH

Market value$810.25M

3.56%

Sole

2.13M

Shared

22.57K

None

19.72K

AMAZON COM INC

SOLE

COM

Shares2.61M

TypeSH

Market value$622.97M

2.73%

Sole

2.57M

Shared

33.30K

None

14.15K

BROADCOM INC

SOLE

COM

Shares1.44M

TypeSH

Market value$542.89M

2.38%

Sole

1.40M

Shared

31.35K

None

9.03K

JPMORGAN CHASE & CO

SOLE

COM

Shares1.30M

TypeSH

Market value$424.81M

1.86%

Sole

1.28M

Shared

13.69K

None

7.82K

STATE STR SPDR S&P 500 ETF T

SOLE

TR UNIT

Shares496.44K

TypeSH

Market value$370.72M

1.63%

Sole

490.39K

Shared

817.00

None

5.22K

ISHARES TR

SOLE

CORE S&P500 ETF

Shares476.43K

TypeSH

Market value$356.79M

1.57%

Sole

475.50K

Shared

0.00

None

930.00

COMMERCE BANCSHARES INC

SOLE

COM

Shares5.47M

TypeSH

Market value$316.01M

1.39%

Sole

763.91K

Shared

408.51K

None

4.30M

ISHARES TR

SOLE

RUS MDCP VAL ETF

Shares1.91M

TypeSH

Market value$314.84M

1.38%

Sole

1.88M

Shared

31.45K

None

1.77K

CATERPILLAR INC

SOLE

COM

Shares270.39K

TypeSH

Market value$287.94M

1.26%

Sole

267.05K

Shared

2.19K

None

1.15K

ALPHABET INC

SOLE

CAP STK CL C

Shares777.11K

TypeSH

Market value$274.58M

1.21%

Sole

768.88K

Shared

2.38K

None

5.84K

MORGAN STANLEY

SOLE

COM NEW

Shares1.22M

TypeSH

Market value$255.02M

1.12%

Sole

1.20M

Shared

16.08K

None

5.08K

JOHNSON & JOHNSON

SOLE

COM

Shares990.48K

TypeSH

Market value$251.55M

1.10%

Sole

970.90K

Shared

12.10K

None

7.48K

ELI LILLY & CO

SOLE

COM

Shares196.25K

TypeSH

Market value$235.39M

1.03%

Sole

190.82K

Shared

2.24K

None

3.19K

VISA INC

SOLE

COM CL A

Shares684.31K

TypeSH

Market value$234.78M

1.03%

Sole

675.04K

Shared

4.82K

None

4.45K

EXXON MOBIL CORP

SOLE

COM

Shares1.66M

TypeSH

Market value$226.65M

0.99%

Sole

1.62M

Shared

24.59K

None

14.51K

ISHARES TR

SOLE

RUS 1000 GRW ETF

Shares1.81M

TypeSH

Market value$224.20M

0.98%

Sole

1.77M

Shared

33.24K

None

720.00

ISHARES TR

SOLE

RUS MD CP GR ETF

Shares1.52M

TypeSH

Market value$223.06M

0.98%

Sole

1.51M

Shared

9.71K

None

2.50K

META PLATFORMS INC

SOLE

CL A

Shares390.91K

TypeSH

Market value$220.20M

0.97%

Sole

382.60K

Shared

6.62K

None

1.70K

PROCTER & GAMBLE CO

SOLE

COM

Shares1.43M

TypeSH

Market value$209.29M

0.92%

Sole

1.38M

Shared

36.90K

None

10.24K

ISHARES TR

SOLE

RUSSELL 2000 ETF

Shares688.09K

TypeSH

Market value$206.74M

0.91%

Sole

681.46K

Shared

1.89K

None

4.74K

PALO ALTO NETWORKS INC

SOLE

COM

Shares590.31K

TypeSH

Market value$201.31M

0.88%

Sole

579.54K

Shared

6.62K

None

4.15K

UNITED PARCEL SVCS INC

SOLE

CL B

Shares1.74M

TypeSH

Market value$187.12M

0.82%

Sole

1.74M

Shared

0.00

None

693.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared	None
APPLE INCSOLE	COM	4.27M	SH	$1.24B 5.43%	4.20M	38.59K	31.27K
NVIDIA CORPORATIONSOLE	COM	5.15M	SH	$1.03B 4.53%	5.04M	76.34K	36.18K
ALPHABET INCSOLE	CAP STK CL A	2.67M	SH	$953.74M 4.19%	2.61M	41.80K	16.30K
MICROSOFT CORPSOLE	COM	2.17M	SH	$810.25M 3.56%	2.13M	22.57K	19.72K
AMAZON COM INCSOLE	COM	2.61M	SH	$622.97M 2.73%	2.57M	33.30K	14.15K
BROADCOM INCSOLE	COM	1.44M	SH	$542.89M 2.38%	1.40M	31.35K	9.03K
JPMORGAN CHASE & COSOLE	COM	1.30M	SH	$424.81M 1.86%	1.28M	13.69K	7.82K
STATE STR SPDR S&P 500 ETF TSOLE	TR UNIT	496.44K	SH	$370.72M 1.63%	490.39K	817.00	5.22K
ISHARES TRSOLE	CORE S&P500 ETF	476.43K	SH	$356.79M 1.57%	475.50K	0.00	930.00
COMMERCE BANCSHARES INCSOLE	COM	5.47M	SH	$316.01M 1.39%	763.91K	408.51K	4.30M
ISHARES TRSOLE	RUS MDCP VAL ETF	1.91M	SH	$314.84M 1.38%	1.88M	31.45K	1.77K
CATERPILLAR INCSOLE	COM	270.39K	SH	$287.94M 1.26%	267.05K	2.19K	1.15K
ALPHABET INCSOLE	CAP STK CL C	777.11K	SH	$274.58M 1.21%	768.88K	2.38K	5.84K
MORGAN STANLEYSOLE	COM NEW	1.22M	SH	$255.02M 1.12%	1.20M	16.08K	5.08K
JOHNSON & JOHNSONSOLE	COM	990.48K	SH	$251.55M 1.10%	970.90K	12.10K	7.48K
ELI LILLY & COSOLE	COM	196.25K	SH	$235.39M 1.03%	190.82K	2.24K	3.19K
VISA INCSOLE	COM CL A	684.31K	SH	$234.78M 1.03%	675.04K	4.82K	4.45K
EXXON MOBIL CORPSOLE	COM	1.66M	SH	$226.65M 0.99%	1.62M	24.59K	14.51K
ISHARES TRSOLE	RUS 1000 GRW ETF	1.81M	SH	$224.20M 0.98%	1.77M	33.24K	720.00
ISHARES TRSOLE	RUS MD CP GR ETF	1.52M	SH	$223.06M 0.98%	1.51M	9.71K	2.50K
META PLATFORMS INCSOLE	CL A	390.91K	SH	$220.20M 0.97%	382.60K	6.62K	1.70K
PROCTER & GAMBLE COSOLE	COM	1.43M	SH	$209.29M 0.92%	1.38M	36.90K	10.24K
ISHARES TRSOLE	RUSSELL 2000 ETF	688.09K	SH	$206.74M 0.91%	681.46K	1.89K	4.74K
PALO ALTO NETWORKS INCSOLE	COM	590.31K	SH	$201.31M 0.88%	579.54K	6.62K	4.15K
UNITED PARCEL SVCS INCSOLE	CL B	1.74M	SH	$187.12M 0.82%	1.74M	0.00	693.00

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