Commerce Bank
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Commerce Bank reported 1,177 stock positions worth $16.2 billion. Its top holding was Apple (AAPL) at 6.1% of the portfolio, followed by Microsoft (MSFT, 5.2%) and Nvidia (NVDA, 4.1%). Compared with Q3 2024, it opened 23 new positions, sold out of 63, added to 324 and reduced 692. The biggest buy was PTC (PTC, shares +558%) and the biggest sale Commerce Bancshares (CBSH, shares −33%).
- Most Recent 13F
- Q2 2026
- Location
- KANSAS CITY, MO
- CIK
- 0001009076
- Portfolio Value
- $16.2B (Q4 2024)
- SEC Filing
- 0001009076-25-000005 ↗ filed Feb 13, 2025
Holdings Value
Holdings 1,177 stocks · $16.2B
| AAPL Apple Inc. | 6.08% | 3,937,572 | $986.0M | Reduce -1.3% |
| MSFT Microsoft Corp. | 5.19% | 1,996,723 | $841.6M | Reduce -2.5% |
| NVDA Nvidia Corp. | 4.14% | 4,999,272 | $671.4M | Reduce -0.7% |
| GOOGL Alphabet Inc. Class A | 3.22% | 2,761,974 | $522.8M | Reduce -0.1% |
| AMZN Amazon.com Inc. | 3.08% | 2,275,433 | $499.2M | Reduce -0.2% |
| AVGO Broadcom Inc. | 1.85% | 1,291,433 | $299.4M | Reduce -0.5% |
| IWS iShares Russell Mid-Cap Valu | 1.83% | 2,290,432 | $296.2M | Reduce -2.4% |
| CBSH Commerce Bancshares Inc. | 1.78% | 4,644,806 | $289.4M | Reduce -33.3% |
| JPM JPMorgan Chase & Co. | 1.78% | 1,203,140 | $288.4M | Reduce -1.4% |
| IWP iShares Russell Mid-Cap Grow | 1.41% | 1,808,625 | $229.2M | Reduce -2.6% |
| PG The Procter & Gamble Co. | 1.40% | 1,359,271 | $227.9M | Reduce -4.9% |
| V Visa Inc. Class A | 1.29% | 664,628 | $210.0M | Reduce -5.1% |
| IWF iShares Russell 1000 Growth | 1.10% | 442,364 | $177.6M | Add +0.4% |
| XOM Exxon Mobil Corp. | 1.01% | 1,521,139 | $163.6M | Add +1.0% |
| META Meta Platforms Inc. Class A | 0.98% | 272,511 | $159.6M | Add +0.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.93% | 258,042 | $151.2M | Add +1.8% |
| MS Morgan Stanley | 0.89% | 1,148,566 | $144.4M | Add +1.7% |
| MCD McDonald's Corp. | 0.89% | 496,974 | $144.1M | Reduce -0.1% |
| TMUS T-Mobile US Inc. | 0.87% | 639,466 | $141.1M | Reduce -10.3% |
| PEP Pepsico Inc. | 0.87% | 924,687 | $140.6M | Reduce -2.0% |
| IWD iShares Russell 1000 Value E | 0.86% | 750,734 | $139.0M | Reduce -1.7% |
| IWR iShares Russell Mid-Cap ETF | 0.84% | 1,544,150 | $136.5M | Reduce -1.4% |
| IVV iShares Core S&P 500 ETF | 0.82% | 226,883 | $133.6M | Reduce -1.2% |
| JNJ Johnson & Johnson | 0.80% | 901,258 | $130.3M | Reduce -1.4% |
| LLY Eli Lilly & Co. | 0.78% | 164,214 | $126.8M | Add +26.3% |
| LOW Lowe's Cos Inc. | 0.76% | 498,156 | $122.9M | Add +0.5% |
| GOOG Alphabet Inc. Class C | 0.73% | 622,922 | $118.6M | Reduce -1.8% |
| NOW ServiceNow Inc. | 0.71% | 109,372 | $115.9M | Reduce -17.1% |
| MRK Merck & Co. Inc. | 0.71% | 1,150,944 | $114.5M | Reduce -15.0% |
| TMO Thermo Fisher Scientific Inc. | 0.70% | 217,302 | $113.0M | Reduce -5.4% |
| FISV Fiserv Inc. | 0.68% | 540,322 | $111.0M | Reduce -9.1% |
| UNP Union Pacific Corp. | 0.68% | 483,770 | $110.3M | Reduce -0.4% |
| IWM iShares Russell 2000 ETF | 0.66% | 482,819 | $106.7M | Reduce -0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.64% | 227,805 | $103.3M | Add +0.8% |
| COST Costco Wholesale Corp. | 0.64% | 112,685 | $103.2M | Reduce -1.8% |
| MDLZ Mondelez International Inc. Class A | 0.62% | 1,695,017 | $101.2M | Reduce -1.5% |
| WMT Walmart Inc. | 0.60% | 1,080,173 | $97.6M | Add +15.6% |
| AMGN Amgen Inc. | 0.59% | 365,111 | $95.2M | Reduce -4.2% |
| CVX Chevron Corp. | 0.58% | 647,430 | $93.8M | Reduce -3.1% |
| ABBV Abbvie Inc. | 0.58% | 525,813 | $93.4M | Add +0.0% |
| TXN Texas Instruments Inc. | 0.56% | 487,656 | $91.4M | Add +0.9% |
| PH Parker Hannifin Corp. | 0.55% | 141,068 | $89.7M | Reduce -0.0% |
| MSI Motorola Solutions Inc. | 0.55% | 192,811 | $89.1M | Reduce -0.1% |
| HD Home Depot Inc. | 0.54% | 227,079 | $88.3M | Reduce -3.2% |
| CRM Salesforce Inc. | 0.54% | 261,453 | $87.4M | Add +5.8% |
| LMT Lockheed Martin Corp. | 0.53% | 176,013 | $85.5M | Add +7.6% |
| EMR Emerson Electric Co. | 0.51% | 669,938 | $83.0M | Reduce -1.2% |
| DHR Danaher Corp. | 0.51% | 360,850 | $82.8M | Reduce -0.4% |
| IBB iShares Biotechnology ETF | 0.51% | 626,331 | $82.8M | Reduce -15.7% |
| XLB SS Materials Select Sector | 0.50% | 955,524 | $80.4M | Add +77.9% |
| MCK McKesson Corp. | 0.49% | 139,653 | $79.6M | Reduce -10.9% |
| PLTR Palantir Technologies Inc. Class A | 0.44% | 944,548 | $71.4M | Add +1.9% |
| ELV Elevance Health Inc. | 0.43% | 189,838 | $70.0M | Reduce -7.8% |
| VOO Vanguard S&P 500 ETF | 0.43% | 129,699 | $69.9M | Reduce -2.1% |
| ETN Eaton Corp. PLC | 0.42% | 206,037 | $68.4M | Reduce -5.6% |
| IWO iShares Russell 2000 Growth | 0.42% | 236,084 | $67.9M | Reduce -3.0% |
| BKNG Booking Holdings Inc. | 0.41% | 13,544 | $67.3M | Reduce -0.1% |
| SYK Stryker Corp. | 0.41% | 183,427 | $66.0M | Add +1.6% |
| IWB iShares Russell 1000 ETF | 0.40% | 203,869 | $65.7M | Add +58.4% |
| ORCL Oracle Corp. | 0.40% | 392,017 | $65.3M | Reduce -2.0% |
| RRX Regal Rexnord Corp. | 0.40% | 420,892 | $65.3M | Reduce -1.2% |
| RTX RTX Corp. | 0.40% | 562,283 | $65.1M | Reduce -1.5% |
| MA Mastercard Inc. Class A | 0.40% | 123,150 | $64.8M | Reduce -1.0% |
| UNH Unitedhealth Group Inc. | 0.38% | 120,415 | $60.9M | Add +1.1% |
| NEE Nextera Energy Inc. | 0.38% | 848,734 | $60.8M | Add +0.6% |
| COF Capital One Financial Corp. | 0.37% | 339,525 | $60.5M | Add +1.6% |
| VEA Vanguard Ftse Developed ETF | 0.37% | 1,244,687 | $59.5M | Reduce -0.2% |
| UBER Uber Technologies Inc. | 0.36% | 976,272 | $58.9M | Reduce -1.0% |
| IWN iShares Russell 2000 Value E | 0.36% | 357,808 | $58.7M | Reduce -2.0% |
| GOVT iShares US Treasury Bond ETF | 0.36% | 2,549,661 | $58.6M | Reduce -9.0% |
| TEL Te Connectivity PLC | 0.36% | 406,075 | $58.1M | Add +0.2% |
| PTC PTC Inc. | 0.35% | 311,841 | $57.3M | Add +557.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.35% | 197,493 | $57.2M | Add +0.8% |
| NVT Nvent Electric PLC | 0.35% | 835,301 | $56.9M | Add +0.1% |
| CB Chubb Ltd. | 0.35% | 204,012 | $56.4M | Reduce -7.5% |
| PLD Prologis Inc. | 0.35% | 530,704 | $56.1M | Reduce -13.0% |
| ADBE Adobe Inc. | 0.34% | 125,375 | $55.8M | Reduce -3.3% |
| IWV iShares Russell 3000 ETF | 0.33% | 158,258 | $52.9M | Reduce -2.0% |
| CAT Caterpillar Inc. | 0.32% | 144,456 | $52.4M | Add +1.2% |
| WM Waste Management Inc. | 0.32% | 258,029 | $52.1M | Reduce -1.8% |
| TSLA Tesla Inc. | 0.32% | 128,069 | $51.7M | Reduce -5.2% |
| DE Deere & Co. | 0.32% | 121,493 | $51.5M | Reduce -5.2% |
| BLDR Builders Firstsource Inc. | 0.31% | 351,668 | $50.3M | Add +3.8% |
| BX Blackstone Inc. | 0.31% | 291,437 | $50.2M | Add +258.6% |
| ABT Abbott Laboratories | 0.30% | 428,587 | $48.5M | Reduce -1.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 1,099,137 | $48.3M | Reduce -6.5% |
| FCNCA First Citizens Bcshs Class A | 0.29% | 22,194 | $46.9M | Add +4.0% |
| RSG Republic Services Inc. | 0.28% | 222,315 | $44.7M | Add +0.3% |
| VVV Valvoline Inc. | 0.27% | 1,229,247 | $44.5M | Reduce -0.2% |
| VWO Vanguard Ftse Emerging Marke | 0.27% | 1,009,424 | $44.5M | Reduce -2.6% |
| CSCO Cisco Systems Inc. | 0.27% | 749,260 | $44.4M | Reduce -5.2% |
| AEP American Electric Power | 0.27% | 477,927 | $44.1M | Add +0.9% |
| NOC Northrop Grumman Corp. | 0.27% | 92,935 | $43.6M | Add +4.8% |
| PFE Pfizer Inc. | 0.27% | 1,632,160 | $43.3M | Reduce -22.0% |
| HON Honeywell International Inc. | 0.26% | 184,365 | $41.6M | Reduce -3.4% |
| TT Trane Technologies PLC | 0.25% | 111,638 | $41.2M | Reduce -0.1% |
| RCL Royal Caribbean Cruises Ltd. | 0.25% | 178,549 | $41.2M | Reduce -11.8% |
| XLK SS Technology Select Sector | 0.25% | 176,730 | $41.1M | Add +3.9% |
| VONG Vanguard Russell 1000 Growth | 0.24% | 375,697 | $38.8M | Add +5.3% |
| ITW Illinois Tool Works | 0.24% | 151,660 | $38.5M | Reduce -2.9% |
Portfolio Sells Q3 2024 → Q4 2024
| CBSH Commerce Bancshares Inc. | Reduce -33.3% | 1.78% | −0.75 |
| MRK Merck & Co. Inc. | Reduce -15.0% | 0.71% | −0.24 |
| ELV Elevance Health Inc. | Reduce -7.8% | 0.43% | −0.22 |
| MSFT Microsoft Corp. | Reduce -2.5% | 5.19% | −0.21 |
| TMO Thermo Fisher Scientific Inc. | Reduce -5.4% | 0.70% | −0.17 |
| AMGN Amgen Inc. | Reduce -4.2% | 0.59% | −0.17 |
| IBB iShares Biotechnology ETF | Reduce -15.7% | 0.51% | −0.15 |
| MDLZ Mondelez International Inc. Class A | Reduce -1.5% | 0.62% | −0.15 |
| PLD Prologis Inc. | Reduce -13.0% | 0.35% | −0.13 |
| PEP Pepsico Inc. | Reduce -2.0% | 0.87% | −0.12 |
| PG The Procter & Gamble Co. | Reduce -4.9% | 1.40% | −0.11 |
| DHR Danaher Corp. | Reduce -0.4% | 0.51% | −0.11 |
| ACGL Arch Capital Group Ltd. | Reduce -18.3% | 0.22% | −0.11 |
| JNJ Johnson & Johnson | Reduce -1.4% | 0.80% | −0.10 |
| PFE Pfizer Inc. | Reduce -22.0% | 0.27% | −0.10 |
| UBER Uber Technologies Inc. | Reduce -1.0% | 0.36% | −0.09 |
| COP Conocophillips | Reduce -25.5% | 0.20% | −0.09 |
| IWS iShares Russell Mid-Cap Valu | Reduce -2.4% | 1.83% | −0.08 |
| ULTA Ulta Beauty Inc. | Reduce -82.9% | 0.02% | −0.07 |
| IPG Interpublic Group of Cos Inc. | Reduce -26.8% | 0.13% | −0.07 |
| ADBE Adobe Inc. | Reduce -3.3% | 0.34% | −0.07 |
| STZ Constellation Brands Inc. Class A | Reduce -8.6% | 0.21% | −0.06 |
| UNP Union Pacific Corp. | Reduce -0.4% | 0.68% | −0.05 |
| CB Chubb Ltd. | Reduce -7.5% | 0.35% | −0.04 |
| VVV Valvoline Inc. | Reduce -0.2% | 0.27% | −0.04 |
| GOVT iShares US Treasury Bond ETF | Reduce -9.0% | 0.36% | −0.04 |
| MCD McDonald's Corp. | Reduce -0.1% | 0.89% | −0.04 |
| QCOM Qualcomm Inc. | Reduce -14.4% | 0.14% | −0.04 |
| APO Apollo Global Management Inc. | Reduce -63.6% | 0.04% | −0.04 |
| HD Home Depot Inc. | Reduce -3.2% | 0.54% | −0.04 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.2% | 0.37% | −0.04 |
| PSA Public Storage | Reduce -10.8% | 0.10% | −0.04 |
| TMUS T-Mobile US Inc. | Reduce -10.3% | 0.87% | −0.03 |
| LYB Lyondellbasell Indu Class A | Reduce -76.2% | 0.01% | −0.03 |
| IWD iShares Russell 1000 Value E | Reduce -1.7% | 0.86% | −0.03 |
| RRX Regal Rexnord Corp. | Reduce -1.2% | 0.40% | −0.03 |
| VWO Vanguard Ftse Emerging Marke | Reduce -2.6% | 0.27% | −0.03 |
| GWX State Street SPDR S&P Intern | Reduce -26.2% | 0.06% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -5.4% | 0.16% | −0.03 |
| IEMG iShares Core MSCI Emerging | Reduce -6.1% | 0.18% | −0.03 |
| CVX Chevron Corp. | Reduce -3.1% | 0.58% | −0.02 |
| MPWR Monolithic Power Systems Inc. | Reduce -53.0% | 0.01% | −0.02 |
| DHI D.R. Horton Inc. | Reduce -3.3% | 0.06% | −0.02 |
| RTX RTX Corp. | Reduce -1.5% | 0.40% | −0.02 |
| BDX Becton Dickinson and Co. | Reduce -15.6% | 0.09% | −0.02 |
| ETN Eaton Corp. PLC | Reduce -5.6% | 0.42% | −0.02 |
| NKE Nike Inc. Class B | Reduce -20.1% | 0.05% | −0.02 |
| CDW CDW Corp. | Reduce -16.6% | 0.04% | −0.02 |
| COO The Cooper Cos Inc. | Reduce -2.4% | 0.09% | −0.02 |
| TNL Travel + Leisure Co. | Reduce -67.9% | 0.01% | −0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| PTC PTC Inc. | Add +557.8% | 0.35% | +0.30 |
| BX Blackstone Inc. | Add +258.6% | 0.31% | +0.23 |
| PLTR Palantir Technologies Inc. Class A | Add +1.9% | 0.44% | +0.23 |
| TOST Toast Inc. Class A | New | 0.19% | +0.19 |
| XLB SS Materials Select Sector | Add +77.9% | 0.50% | +0.18 |
| MS Morgan Stanley | Add +1.7% | 0.89% | +0.17 |
| IWB iShares Russell 1000 ETF | Add +58.4% | 0.40% | +0.16 |
| CBRE CBRE Group Inc. Class A | Add +1231.1% | 0.16% | +0.14 |
| WMT Walmart Inc. | Add +15.6% | 0.60% | +0.14 |
| CRM Salesforce Inc. | Add +5.8% | 0.54% | +0.12 |
| IWF iShares Russell 1000 Growth | Add +0.4% | 1.10% | +0.08 |
| LLY Eli Lilly & Co. | Add +26.3% | 0.78% | +0.08 |
| COF Capital One Financial Corp. | Add +1.6% | 0.37% | +0.07 |
| SMCI Super Micro Computer Inc. | New | 0.07% | +0.07 |
| XIFR XPLR Infrastructure LP | Add +521.9% | 0.08% | +0.06 |
| FCNCA First Citizens Bcshs Class A | Add +4.0% | 0.29% | +0.05 |
| APP AppLovin Corp. Class A | Add +192.1% | 0.05% | +0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.8% | 0.93% | +0.04 |
| META Meta Platforms Inc. Class A | Add +0.5% | 0.98% | +0.03 |
| VONG Vanguard Russell 1000 Growth | Add +5.3% | 0.24% | +0.03 |
| JAAA Janus Henderson Aaa Clo ETF | New | 0.02% | +0.02 |
| EMN Eastman Chemical Co. | Add +474.4% | 0.03% | +0.02 |
| MUB iShares National Muni Bond E | Add +11.9% | 0.22% | +0.02 |
| WDAY Workday Inc. Class A | Add +502.7% | 0.02% | +0.02 |
| TKO Tko Group Holdings Inc. | Add +299.8% | 0.02% | +0.02 |
| WFC Wells Fargo & Co. | Add +1.1% | 0.09% | +0.02 |
| XLK SS Technology Select Sector | Add +3.9% | 0.25% | +0.02 |
| DOCU Docusign Inc. | Add +293.7% | 0.02% | +0.02 |
| INCY Incyte Corp. | Add +429.7% | 0.02% | +0.02 |
| PCTY Paylocity Holding Corp. | Add +614.3% | 0.02% | +0.02 |
| TWLO Twilio Inc. Class A | Add +725.7% | 0.02% | +0.02 |
| DDOG Datadog Inc. Class A | Add +819.2% | 0.02% | +0.02 |
| GWRE Guidewire Software Inc. | Add +225.9% | 0.02% | +0.02 |
| PWR Quanta Services Inc. | Add +141.0% | 0.03% | +0.02 |
| HEI Heico Corp. | Add +315.5% | 0.02% | +0.02 |
| GEHC GE Healthcare Technology | Add +184.7% | 0.03% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.8% | 0.35% | +0.01 |
| C Citigroup Inc. | Add +0.4% | 0.10% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +2.4% | 0.14% | +0.01 |
| VONV Vanguard Russell 1000 Value | Add +11.3% | 0.11% | +0.01 |
| OEF iShares S&P 100 ETF | Add +34.6% | 0.03% | +0.01 |
| SHOP Shopify Inc. Class A | Add +0.2% | 0.03% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.3% | 0.06% | +0.01 |
| VTWG Vanguard Russell 2000 Growth | Add +86.7% | 0.02% | +0.01 |
| MRVL Marvell Technology Inc. | Add +2.8% | 0.02% | +0.01 |
| SYK Stryker Corp. | Add +1.6% | 0.41% | +0.01 |
| ESE Esco Technologies Inc. | Add +40.5% | 0.02% | +0.01 |
| VCIT Vanguard Int-Term Corporate | Add +63.4% | 0.02% | +0.01 |
| IBIT iShares Bitcoin Trust ETF | Add +22.2% | 0.01% | +0.01 |
| VTWV Vanguard Russell 2000 Value | Add +90.5% | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,332 | $22.8B | AAPL, NVDA, GOOGL, MSFT, AMZN |
| Q1 2026 | 1,310 | $20.7B | AAPL, NVDA, MSFT, GOOGL, AMZN |
| Q4 2025 | 1,240 | $18.1B | AAPL, MSFT, NVDA, GOOGL, AMZN |
| Q3 2025 | 1,229 | $18.0B | MSFT, AAPL, NVDA, GOOGL, AMZN |
| Q2 2025 | 1,189 | $16.9B | MSFT, AAPL, NVDA, AMZN, GOOGL |
| Q1 2025 | 1,174 | $15.7B | AAPL, MSFT, NVDA, AMZN, GOOGL |
| Q4 2024 | 1,177 | $16.2B | AAPL, MSFT, NVDA, GOOGL, AMZN |
| Q3 2024 | 1,217 | $16.3B | AAPL, MSFT, NVDA, GOOGL, AMZN |
| Q2 2024 | 1,195 | $15.4B | MSFT, AAPL, NVDA, GOOGL, AMZN |
| Q1 2024 | 1,194 | $15.1B | MSFT, AAPL, NVDA, GOOGL, AMZN |