Commerce Bank
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 8, 2025), Commerce Bank reported 1,174 stock positions worth $15.7 billion. Its top holding was Apple (AAPL) at 5.5% of the portfolio, followed by Microsoft (MSFT, 4.7%) and Nvidia (NVDA, 3.4%). Compared with Q4 2024, it opened 29 new positions, sold out of 33, added to 375 and reduced 631. The biggest buy was a new position in Energy Transfer (ET) and the biggest sale Nvidia (NVDA, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- KANSAS CITY, MO
- CIK
- 0001009076
- Portfolio Value
- $15.7B (Q1 2025)
- SEC Filing
- 0001009076-25-000008 ↗ filed May 8, 2025
Holdings Value
Holdings 1,174 stocks · $15.7B
| AAPL Apple Inc. | 5.55% | 3,913,849 | $869.4M | Reduce -0.6% |
| MSFT Microsoft Corp. | 4.69% | 1,958,594 | $735.2M | Reduce -1.9% |
| NVDA Nvidia Corp. | 3.42% | 4,945,648 | $536.0M | Reduce -1.1% |
| AMZN Amazon.com Inc. | 2.77% | 2,282,106 | $434.2M | Add +0.3% |
| GOOGL Alphabet Inc. Class A | 2.73% | 2,767,091 | $427.9M | Add +0.2% |
| JPM JPMorgan Chase & Co. | 1.88% | 1,198,021 | $293.9M | Reduce -0.4% |
| CBSH Commerce Bancshares Inc. | 1.84% | 4,629,792 | $288.1M | Reduce -0.3% |
| IWS iShares Russell Mid-Cap Valu | 1.78% | 2,215,305 | $279.1M | Reduce -3.3% |
| PG The Procter & Gamble Co. | 1.48% | 1,359,698 | $231.7M | Add +0.0% |
| V Visa Inc. Class A | 1.47% | 657,943 | $230.6M | Reduce -1.0% |
| AVGO Broadcom Inc. | 1.40% | 1,308,919 | $219.2M | Add +1.4% |
| IWP iShares Russell Mid-Cap Grow | 1.33% | 1,773,862 | $208.4M | Reduce -1.9% |
| META Meta Platforms Inc. Class A | 1.22% | 331,278 | $190.9M | Add +21.6% |
| XOM Exxon Mobil Corp. | 1.17% | 1,538,474 | $183.0M | Add +1.1% |
| IWF iShares Russell 1000 Growth | 1.04% | 452,214 | $163.3M | Add +2.2% |
| MCD McDonald's Corp. | 0.98% | 493,664 | $154.2M | Reduce -0.7% |
| JNJ Johnson & Johnson | 0.95% | 893,836 | $148.2M | Reduce -0.8% |
| LLY Eli Lilly & Co. | 0.93% | 176,376 | $145.7M | Add +7.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.91% | 253,761 | $142.0M | Reduce -1.7% |
| IWD iShares Russell 1000 Value E | 0.90% | 750,163 | $141.2M | Reduce -0.1% |
| TMUS T-Mobile US Inc. | 0.90% | 528,163 | $140.9M | Reduce -17.4% |
| MS Morgan Stanley | 0.88% | 1,187,931 | $138.6M | Add +3.4% |
| PEP Pepsico Inc. | 0.88% | 919,434 | $137.9M | Reduce -0.6% |
| IVV iShares Core S&P 500 ETF | 0.86% | 239,283 | $134.5M | Add +5.5% |
| IWR iShares Russell Mid-Cap ETF | 0.83% | 1,523,372 | $129.6M | Reduce -1.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.78% | 230,409 | $122.7M | Add +1.1% |
| FISV Fiserv Inc. | 0.75% | 533,738 | $117.9M | Reduce -1.2% |
| LOW Lowe's Cos Inc. | 0.74% | 498,899 | $116.4M | Add +0.1% |
| UNP Union Pacific Corp. | 0.73% | 484,965 | $114.6M | Add +0.3% |
| AMGN Amgen Inc. | 0.72% | 360,210 | $112.2M | Reduce -1.3% |
| ABBV Abbvie Inc. | 0.68% | 511,260 | $107.1M | Reduce -2.8% |
| TMO Thermo Fisher Scientific Inc. | 0.68% | 213,750 | $106.4M | Reduce -1.6% |
| COST Costco Wholesale Corp. | 0.67% | 111,344 | $105.3M | Reduce -1.2% |
| CVX Chevron Corp. | 0.66% | 620,644 | $103.8M | Reduce -4.1% |
| GOOG Alphabet Inc. Class C | 0.62% | 621,268 | $97.1M | Reduce -0.3% |
| IWM iShares Russell 2000 ETF | 0.61% | 475,882 | $94.9M | Reduce -1.4% |
| WMT Walmart Inc. | 0.60% | 1,074,083 | $94.3M | Reduce -0.6% |
| MCK McKesson Corp. | 0.59% | 137,691 | $92.7M | Reduce -1.4% |
| ET Energy Transfer LP | 0.59% | 4,981,530 | $92.6M | New |
| MSI Motorola Solutions Inc. | 0.57% | 205,336 | $89.9M | Add +6.5% |
| NOW ServiceNow Inc. | 0.56% | 110,323 | $87.8M | Add +0.9% |
| PH Parker Hannifin Corp. | 0.55% | 142,476 | $86.6M | Add +1.0% |
| TXN Texas Instruments Inc. | 0.53% | 465,233 | $83.6M | Reduce -4.6% |
| HD Home Depot Inc. | 0.53% | 228,053 | $83.6M | Add +0.4% |
| ELV Elevance Health Inc. | 0.51% | 182,961 | $79.6M | Reduce -3.6% |
| NOC Northrop Grumman Corp. | 0.49% | 150,724 | $77.2M | Add +62.2% |
| IBB iShares Biotechnology ETF | 0.49% | 599,700 | $76.7M | Reduce -4.3% |
| PLTR Palantir Technologies Inc. Class A | 0.48% | 898,262 | $75.8M | Reduce -4.9% |
| CRM Salesforce Inc. | 0.47% | 274,387 | $73.6M | Add +5.0% |
| RTX RTX Corp. | 0.46% | 546,772 | $72.4M | Reduce -2.8% |
| EMR Emerson Electric Co. | 0.46% | 651,367 | $71.4M | Reduce -2.8% |
| XLB SS Materials Select Sector | 0.45% | 826,214 | $71.0M | Reduce -13.5% |
| MRK Merck & Co. Inc. | 0.45% | 791,269 | $71.0M | Reduce -31.3% |
| LMT Lockheed Martin Corp. | 0.45% | 158,919 | $71.0M | Reduce -9.7% |
| UBER Uber Technologies Inc. | 0.45% | 974,312 | $71.0M | Reduce -0.2% |
| SYK Stryker Corp. | 0.44% | 186,249 | $69.3M | Add +1.5% |
| VOO Vanguard S&P 500 ETF | 0.44% | 133,490 | $68.6M | Add +2.9% |
| MA Mastercard Inc. Class A | 0.43% | 121,924 | $66.8M | Reduce -1.0% |
| BKNG Booking Holdings Inc. | 0.42% | 14,289 | $65.8M | Add +5.5% |
| UNH Unitedhealth Group Inc. | 0.42% | 124,317 | $65.1M | Add +3.2% |
| VEA Vanguard Ftse Developed ETF | 0.41% | 1,262,702 | $64.2M | Add +1.4% |
| PLD Prologis Inc. | 0.41% | 571,751 | $63.9M | Add +7.7% |
| COF Capital One Financial Corp. | 0.40% | 353,354 | $63.4M | Add +4.1% |
| JAAA Janus Henderson Aaa Clo ETF | 0.40% | 1,248,536 | $63.3M | Add +1500.4% |
| CB Chubb Ltd. | 0.40% | 206,569 | $62.4M | Add +1.3% |
| IWB iShares Russell 1000 ETF | 0.40% | 203,354 | $62.4M | Reduce -0.3% |
| NEE Nextera Energy Inc. | 0.39% | 855,665 | $60.7M | Add +0.8% |
| IWO iShares Russell 2000 Growth | 0.38% | 232,064 | $59.3M | Reduce -1.7% |
| WM Waste Management Inc. | 0.38% | 254,656 | $59.0M | Reduce -1.3% |
| ORCL Oracle Corp. | 0.36% | 404,450 | $56.5M | Add +3.2% |
| RSG Republic Services Inc. | 0.36% | 230,854 | $55.9M | Add +3.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.36% | 203,097 | $55.8M | Add +2.8% |
| DE Deere & Co. | 0.36% | 118,823 | $55.8M | Reduce -2.2% |
| ABT Abbott Laboratories | 0.35% | 414,823 | $55.0M | Reduce -3.2% |
| ETN Eaton Corp. PLC | 0.35% | 201,392 | $54.7M | Reduce -2.3% |
| AEP American Electric Power | 0.35% | 496,890 | $54.3M | Add +4.0% |
| TEL Te Connectivity PLC | 0.34% | 381,872 | $54.0M | Reduce -6.0% |
| IWV iShares Russell 3000 ETF | 0.33% | 164,884 | $52.4M | Add +4.2% |
| IWN iShares Russell 2000 Value E | 0.33% | 343,112 | $51.8M | Reduce -4.1% |
| CBRE CBRE Group Inc. Class A | 0.33% | 389,791 | $51.0M | Add +102.9% |
| MDLZ Mondelez International Inc. Class A | 0.31% | 704,567 | $47.8M | Reduce -58.4% |
| USFD US Foods Holding Corp. | 0.30% | 718,737 | $47.0M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 1,124,755 | $46.9M | Add +2.3% |
| DHR Danaher Corp. | 0.30% | 227,076 | $46.6M | Reduce -37.1% |
| T AT&T Inc. | 0.30% | 1,640,637 | $46.4M | Add +267.8% |
| RRX Regal Rexnord Corp. | 0.29% | 405,238 | $46.1M | Reduce -3.7% |
| NFLX Netflix Inc. | 0.29% | 49,325 | $46.0M | Add +122.6% |
| VWO Vanguard Ftse Emerging Marke | 0.29% | 1,008,851 | $45.7M | Reduce -0.1% |
| CSCO Cisco Systems Inc. | 0.29% | 728,072 | $44.9M | Reduce -2.8% |
| BX Blackstone Inc. | 0.29% | 320,156 | $44.8M | Add +9.8% |
| NVT Nvent Electric PLC | 0.28% | 841,945 | $44.1M | Add +0.8% |
| PTC PTC Inc. | 0.28% | 282,479 | $43.8M | Reduce -9.4% |
| CAT Caterpillar Inc. | 0.28% | 130,885 | $43.2M | Reduce -9.4% |
| BLDR Builders Firstsource Inc. | 0.27% | 339,010 | $42.4M | Reduce -3.6% |
| VVV Valvoline Inc. | 0.27% | 1,214,149 | $42.3M | Reduce -1.2% |
| ADBE Adobe Inc. | 0.27% | 109,339 | $41.9M | Reduce -12.8% |
| PFE Pfizer Inc. | 0.27% | 1,645,384 | $41.7M | Add +0.8% |
| FCNCA First Citizens Bcshs Class A | 0.27% | 22,400 | $41.5M | Add +0.9% |
| CME Cme Group Inc. | 0.26% | 152,521 | $40.5M | Reduce -6.4% |
| DVY iShares Select Dividend ETF | 0.25% | 287,913 | $38.7M | Reduce -1.2% |
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Reduce -1.1% | 3.42% | −0.72 |
| AAPL Apple Inc. | Reduce -0.6% | 5.55% | −0.53 |
| MSFT Microsoft Corp. | Reduce -1.9% | 4.69% | −0.49 |
| MDLZ Mondelez International Inc. Class A | Reduce -58.4% | 0.31% | −0.32 |
| MRK Merck & Co. Inc. | Reduce -31.3% | 0.45% | −0.25 |
| DHR Danaher Corp. | Reduce -37.1% | 0.30% | −0.21 |
| STZ Constellation Brands Inc. Class A | Reduce -85.1% | 0.03% | −0.18 |
| GOVT iShares US Treasury Bond ETF | Reduce -45.0% | 0.21% | −0.16 |
| GOOG Alphabet Inc. Class C | Reduce -0.3% | 0.62% | −0.11 |
| COP Conocophillips | Reduce -58.4% | 0.09% | −0.11 |
| RRX Regal Rexnord Corp. | Reduce -3.7% | 0.29% | −0.11 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -34.7% | 0.15% | −0.10 |
| IWP iShares Russell Mid-Cap Grow | Reduce -1.9% | 1.33% | −0.08 |
| XIFR XPLR Infrastructure LP | Sold out | 0.00% | −0.08 |
| ADBE Adobe Inc. | Reduce -12.8% | 0.27% | −0.08 |
| LMT Lockheed Martin Corp. | Reduce -9.7% | 0.45% | −0.07 |
| PTC PTC Inc. | Reduce -9.4% | 0.28% | −0.07 |
| ETN Eaton Corp. PLC | Reduce -2.3% | 0.35% | −0.07 |
| EMR Emerson Electric Co. | Reduce -2.8% | 0.46% | −0.06 |
| IWM iShares Russell 2000 ETF | Reduce -1.4% | 0.61% | −0.05 |
| VSS Vanguard Ftse All Wo X-US SC | Reduce -60.3% | 0.04% | −0.05 |
| CAT Caterpillar Inc. | Reduce -9.4% | 0.28% | −0.05 |
| ANET Arista Networks Inc. | Reduce -15.2% | 0.08% | −0.05 |
| IWS iShares Russell Mid-Cap Valu | Reduce -3.3% | 1.78% | −0.04 |
| DECK Deckers Outdoor Corp. | Reduce -75.2% | 0.01% | −0.04 |
| XLB SS Materials Select Sector | Reduce -13.5% | 0.45% | −0.04 |
| IWO iShares Russell 2000 Growth | Reduce -1.7% | 0.38% | −0.04 |
| BLDR Builders Firstsource Inc. | Reduce -3.6% | 0.27% | −0.04 |
| IWN iShares Russell 2000 Value E | Reduce -4.1% | 0.33% | −0.03 |
| TXN Texas Instruments Inc. | Reduce -4.6% | 0.53% | −0.03 |
| EOG EOG Resources Inc. | Reduce -46.7% | 0.04% | −0.03 |
| MCHP Microchip Technology Inc. | Reduce -41.6% | 0.03% | −0.03 |
| TTD Trade Desk Inc./the Class A | Reduce -30.9% | 0.01% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.7% | 0.91% | −0.03 |
| SWKS Skyworks Solutions Inc. | Reduce -60.8% | 0.01% | −0.03 |
| CDW CDW Corp. | Reduce -61.7% | 0.01% | −0.02 |
| NTAP Netapp Inc. | Reduce -30.7% | 0.03% | −0.02 |
| COO The Cooper Cos Inc. | Reduce -20.1% | 0.07% | −0.02 |
| TER Teradyne Inc. | Reduce -79.8% | 0.00% | −0.02 |
| IBB iShares Biotechnology ETF | Reduce -4.3% | 0.49% | −0.02 |
| QCOM Qualcomm Inc. | Reduce -17.8% | 0.12% | −0.02 |
| SYY Sysco Corp. | Reduce -18.7% | 0.09% | −0.02 |
| IYW iShares Ustechnology ETF | Reduce -2.7% | 0.15% | −0.02 |
| A Agilent Technologies Inc. | Reduce -62.7% | 0.01% | −0.02 |
| MANH Manhattan Associates Inc. | Reduce -68.9% | 0.00% | −0.02 |
| TMO Thermo Fisher Scientific Inc. | Reduce -1.6% | 0.68% | −0.02 |
| USB US Bancorp | Reduce -6.6% | 0.10% | −0.02 |
| WST West Pharmaceutical Services | Reduce -78.8% | 0.00% | −0.02 |
| TGT Target Corp. | Reduce -4.4% | 0.06% | −0.02 |
| TT Trane Technologies PLC | Reduce -1.4% | 0.24% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| ET Energy Transfer LP | New | 0.59% | +0.59 |
| JAAA Janus Henderson Aaa Clo ETF | Add +1500.4% | 0.40% | +0.38 |
| USFD US Foods Holding Corp. | New | 0.30% | +0.30 |
| META Meta Platforms Inc. Class A | Add +21.6% | 1.22% | +0.24 |
| T AT&T Inc. | Add +267.8% | 0.30% | +0.23 |
| SSNC Ss&c Technologies Holdings | Add +12105.9% | 0.23% | +0.23 |
| NOC Northrop Grumman Corp. | Add +62.2% | 0.49% | +0.22 |
| NFLX Netflix Inc. | Add +122.6% | 0.29% | +0.17 |
| CBRE CBRE Group Inc. Class A | Add +102.9% | 0.33% | +0.17 |
| PFF iShares Preferred & Income S | New | 0.16% | +0.16 |
| XOM Exxon Mobil Corp. | Add +1.1% | 1.17% | +0.16 |
| EPD Enterprise Products Partners | New | 0.15% | +0.15 |
| LLY Eli Lilly & Co. | Add +7.4% | 0.93% | +0.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.1% | 0.78% | +0.15 |
| WH Wyndham Hotels & Resorts Inc. | Add +2247.5% | 0.12% | +0.11 |
| RSG Republic Services Inc. | Add +3.8% | 0.36% | +0.08 |
| AEP American Electric Power | Add +4.0% | 0.35% | +0.07 |
| PG The Procter & Gamble Co. | Add +0.0% | 1.48% | +0.07 |
| PLD Prologis Inc. | Add +7.7% | 0.41% | +0.06 |
| UNP Union Pacific Corp. | Add +0.3% | 0.73% | +0.05 |
| CB Chubb Ltd. | Add +1.3% | 0.40% | +0.05 |
| VEA Vanguard Ftse Developed ETF | Add +1.4% | 0.41% | +0.04 |
| UNH Unitedhealth Group Inc. | Add +3.2% | 0.42% | +0.04 |
| WMB Williams Cos Inc. | Add +128.7% | 0.06% | +0.04 |
| SYK Stryker Corp. | Add +1.5% | 0.44% | +0.04 |
| IVV iShares Core S&P 500 ETF | Add +5.5% | 0.86% | +0.04 |
| BEP Brookfield Renewable Partner | New | 0.03% | +0.03 |
| COF Capital One Financial Corp. | Add +4.1% | 0.40% | +0.03 |
| ROK Rockwell Automation Inc. | Add +52.4% | 0.10% | +0.03 |
| SKX Skechers USA Inc. Class A | Add +33.1% | 0.22% | +0.03 |
| CMCSA Comcast Corp. Class A | Add +55.9% | 0.08% | +0.03 |
| IEFA iShares Core MSCI Eafe ETF | Add +12.4% | 0.14% | +0.03 |
| MSI Motorola Solutions Inc. | Add +6.5% | 0.57% | +0.02 |
| TJX TJX Companies Inc. | Add +24.3% | 0.11% | +0.02 |
| VONV Vanguard Russell 1000 Value | Add +13.7% | 0.13% | +0.02 |
| BR Broadridge Financial Solutio | Add +20.5% | 0.08% | +0.02 |
| TYL Tyler Technologies Inc. | Add +64.5% | 0.05% | +0.02 |
| DVA Davita Inc. | New | 0.02% | +0.02 |
| IEMG iShares Core MSCI Emerging | Add +2.4% | 0.19% | +0.02 |
| CATH Global X S&P 500 Ca Val ETF | Add +46.8% | 0.05% | +0.02 |
| HAS Hasbro Inc. | Add +282.4% | 0.02% | +0.02 |
| GE General Electric | Add +7.0% | 0.07% | +0.02 |
| SO The Southern Co. | Add +4.2% | 0.09% | +0.02 |
| PODD Insulet Corp. | Add +239.4% | 0.02% | +0.02 |
| CHE Chemed Corp. | Add +246.6% | 0.02% | +0.02 |
| BND Vanguard Total Bond Market | Add +35.7% | 0.05% | +0.02 |
| DBX Dropbox Inc. Class A | Add +94.9% | 0.03% | +0.02 |
| PEN Penumbra Inc. | Add +759.3% | 0.02% | +0.02 |
| SN Sharkninja Inc. | New | 0.01% | +0.01 |
| TOST Toast Inc. Class A | Add +14.2% | 0.21% | +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 |