Commerce Bank
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Commerce Bank reported 1,229 stock positions worth $18.0 billion. Its top holding was Microsoft (MSFT) at 5.6% of the portfolio, followed by Apple (AAPL, 5.5%) and Nvidia (NVDA, 5.0%). Compared with Q2 2025, it opened 65 new positions, sold out of 25, added to 461 and reduced 533. The biggest buy was Nvent Electric (NVT, shares +0%) and the biggest sale Elevance Health (ELV, shares −50%).
- Most Recent 13F
- Q2 2026
- Location
- KANSAS CITY, MO
- CIK
- 0001009076
- Portfolio Value
- $18.0B (Q3 2025)
- SEC Filing
- 0001009076-25-000017 ↗ filed Nov 12, 2025
Holdings Value
Holdings 1,229 stocks · $18.0B
| MSFT Microsoft Corp. | 5.59% | 1,939,068 | $1.0B | Reduce -0.9% |
| AAPL Apple Inc. | 5.46% | 3,855,040 | $981.6M | Reduce -1.2% |
| NVDA Nvidia Corp. | 4.99% | 4,810,046 | $897.5M | Reduce -4.4% |
| GOOGL Alphabet Inc. Class A | 3.54% | 2,620,506 | $637.0M | Reduce -0.8% |
| AMZN Amazon.com Inc. | 2.80% | 2,289,440 | $502.7M | Reduce -0.3% |
| AVGO Broadcom Inc. | 2.30% | 1,251,813 | $413.0M | Reduce -6.3% |
| JPM JPMorgan Chase & Co. | 2.09% | 1,188,697 | $375.0M | Reduce -1.3% |
| CBSH Commerce Bancshares Inc. | 1.76% | 5,291,187 | $316.2M | Add +13.1% |
| IWS iShares Russell Mid-Cap Valu | 1.57% | 2,020,035 | $282.1M | Reduce -3.2% |
| META Meta Platforms Inc. Class A | 1.48% | 361,603 | $265.6M | Add +1.0% |
| IWP iShares Russell Mid-Cap Grow | 1.32% | 1,662,368 | $236.7M | Reduce -3.5% |
| V Visa Inc. Class A | 1.25% | 656,099 | $224.0M | Reduce -1.8% |
| IWF iShares Russell 1000 Growth | 1.20% | 462,049 | $216.4M | Add +1.3% |
| PG The Procter & Gamble Co. | 1.14% | 1,335,590 | $205.2M | Reduce -0.6% |
| MS Morgan Stanley | 1.03% | 1,165,878 | $185.3M | Reduce -0.8% |
| XOM Exxon Mobil Corp. | 0.95% | 1,518,038 | $171.2M | Reduce -1.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.94% | 254,060 | $169.2M | Add +1.2% |
| JNJ Johnson & Johnson | 0.91% | 878,855 | $163.0M | Reduce -1.3% |
| MCD McDonald's Corp. | 0.84% | 495,521 | $150.6M | Reduce -0.1% |
| IVV iShares Core S&P 500 ETF | 0.83% | 223,832 | $149.8M | Reduce -0.5% |
| IWD iShares Russell 1000 Value E | 0.81% | 717,126 | $146.0M | Reduce -5.3% |
| IWR iShares Russell Mid-Cap ETF | 0.80% | 1,498,045 | $144.6M | Reduce -2.1% |
| LLY Eli Lilly & Co. | 0.74% | 174,257 | $133.0M | Reduce -4.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.70% | 249,466 | $125.4M | Add +1.4% |
| GOOG Alphabet Inc. Class C | 0.70% | 514,829 | $125.4M | Reduce -1.0% |
| LOW Lowe's Cos Inc. | 0.69% | 492,286 | $123.7M | Reduce -1.1% |
| TMUS T-Mobile US Inc. | 0.69% | 515,672 | $123.4M | Reduce -2.5% |
| UNP Union Pacific Corp. | 0.63% | 476,677 | $112.7M | Reduce -0.6% |
| ABBV Abbvie Inc. | 0.63% | 485,917 | $112.5M | Reduce -2.5% |
| IWM iShares Russell 2000 ETF | 0.62% | 460,024 | $111.3M | Reduce -1.5% |
| PH Parker Hannifin Corp. | 0.62% | 146,001 | $110.7M | Add +0.4% |
| NVT Nvent Electric PLC | 0.61% | 1,114,929 | $110.0M | Add +0.1% |
| WMT Walmart Inc. | 0.60% | 1,053,184 | $108.5M | Reduce -1.2% |
| MCK McKesson Corp. | 0.60% | 139,802 | $108.0M | Add +0.3% |
| ORCL Oracle Corp. | 0.58% | 370,498 | $104.2M | Reduce -0.1% |
| COST Costco Wholesale Corp. | 0.57% | 111,059 | $102.8M | Add +0.1% |
| PEP Pepsico Inc. | 0.55% | 704,657 | $99.0M | Reduce -18.0% |
| TMO Thermo Fisher Scientific Inc. | 0.54% | 200,070 | $97.0M | Reduce -1.3% |
| NOC Northrop Grumman Corp. | 0.54% | 158,268 | $96.4M | Add +2.0% |
| NOW ServiceNow Inc. | 0.53% | 103,989 | $95.7M | Reduce -6.8% |
| MSI Motorola Solutions Inc. | 0.52% | 202,674 | $92.7M | Add +1.0% |
| UBER Uber Technologies Inc. | 0.50% | 917,414 | $89.9M | Reduce -8.5% |
| HD Home Depot Inc. | 0.49% | 217,739 | $88.2M | Reduce -1.5% |
| CVX Chevron Corp. | 0.49% | 567,010 | $88.1M | Add +1.9% |
| PANW Palo Alto Networks Inc. | 0.49% | 429,892 | $87.5M | Add +42.8% |
| RTX RTX Corp. | 0.48% | 515,136 | $86.2M | Reduce -3.6% |
| ET Energy Transfer LP | 0.48% | 4,994,115 | $85.7M | Add +0.0% |
| IBB iShares Biotechnology ETF | 0.47% | 586,926 | $84.7M | Add +5.0% |
| TXN Texas Instruments Inc. | 0.47% | 457,845 | $84.1M | Add +0.6% |
| JAAA Janus Henderson Aaa Clo ETF | 0.47% | 1,652,216 | $83.9M | Add +4.3% |
| COF Capital One Financial Corp. | 0.46% | 391,868 | $83.3M | Add +1.4% |
| TEL Te Connectivity PLC | 0.46% | 373,143 | $81.9M | Add +0.9% |
| NEE Nextera Energy Inc. | 0.45% | 1,081,707 | $81.7M | Add +25.8% |
| BKNG Booking Holdings Inc. | 0.45% | 14,863 | $80.2M | Add +0.2% |
| PLTR Palantir Technologies Inc. Class A | 0.43% | 428,021 | $78.1M | Reduce -40.9% |
| VEA Vanguard Ftse Developed ETF | 0.42% | 1,254,635 | $75.2M | Add +1.7% |
| AEP American Electric Power | 0.41% | 658,827 | $74.1M | Add +2.0% |
| NFLX Netflix Inc. | 0.41% | 61,423 | $73.6M | Add +3.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.41% | 224,315 | $73.6M | Reduce -5.7% |
| IWO iShares Russell 2000 Growth | 0.40% | 226,340 | $72.4M | Reduce -5.3% |
| LMT Lockheed Martin Corp. | 0.40% | 145,040 | $72.4M | Reduce -5.4% |
| IWB iShares Russell 1000 ETF | 0.40% | 197,007 | $72.0M | Reduce -2.3% |
| SYK Stryker Corp. | 0.40% | 193,919 | $71.7M | Add +0.2% |
| MA Mastercard Inc. Class A | 0.40% | 124,877 | $71.0M | Add +0.1% |
| XLB SS Materials Select Sector | 0.39% | 791,421 | $70.9M | Reduce -1.1% |
| ETN Eaton Corp. PLC | 0.39% | 188,916 | $70.7M | Reduce -2.1% |
| T AT&T Inc. | 0.39% | 2,464,581 | $69.6M | Add +5.0% |
| FISV Fiserv Inc. | 0.38% | 535,808 | $69.1M | Reduce -7.5% |
| HON Honeywell International Inc. | 0.38% | 322,873 | $68.0M | Add +4.4% |
| EMR Emerson Electric Co. | 0.38% | 517,798 | $67.9M | Reduce -0.0% |
| IWV iShares Russell 3000 ETF | 0.38% | 179,034 | $67.8M | Add +8.9% |
| CBRE CBRE Group Inc. Class A | 0.37% | 426,713 | $67.2M | Add +1.5% |
| AMGN Amgen Inc. | 0.37% | 235,461 | $66.4M | Reduce -5.2% |
| VOO Vanguard S&P 500 ETF | 0.37% | 107,185 | $65.6M | Add +0.1% |
| MRK Merck & Co. Inc. | 0.34% | 718,072 | $60.3M | Reduce -1.8% |
| IWN iShares Russell 2000 Value E | 0.33% | 336,913 | $59.6M | Reduce -3.8% |
| RRX Regal Rexnord Corp. | 0.33% | 411,926 | $59.1M | Add +4.5% |
| PTC PTC Inc. | 0.33% | 290,225 | $58.9M | Add +3.7% |
| TSLA Tesla Inc. | 0.33% | 132,213 | $58.8M | Reduce -3.7% |
| USFD US Foods Holding Corp. | 0.32% | 760,635 | $58.3M | Add +0.4% |
| CAT Caterpillar Inc. | 0.32% | 121,852 | $58.1M | Reduce -5.5% |
| VWO Vanguard Ftse Emerging Marke | 0.32% | 1,052,142 | $57.0M | Add +4.0% |
| BX Blackstone Inc. | 0.32% | 332,091 | $56.7M | Add +2.0% |
| WM Waste Management Inc. | 0.31% | 256,226 | $56.6M | Add +0.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.31% | 1,090,588 | $56.3M | Add +7.2% |
| SSNC Ss&c Technologies Holdings | 0.31% | 629,735 | $55.9M | Add +34.2% |
| RSG Republic Services Inc. | 0.31% | 240,233 | $55.1M | Add +0.1% |
| ABT Abbott Laboratories | 0.30% | 408,496 | $54.7M | Add +0.6% |
| XLK SS Technology Select Sector | 0.29% | 183,913 | $51.8M | Reduce -0.3% |
| DE Deere & Co. | 0.28% | 109,739 | $50.2M | Reduce -6.3% |
| CSCO Cisco Systems Inc. | 0.26% | 694,081 | $47.5M | Add +0.2% |
| VONG Vanguard Russell 1000 Growth | 0.26% | 388,573 | $46.8M | Reduce -4.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.25% | 395,176 | $45.2M | Add +92.2% |
| TT Trane Technologies PLC | 0.25% | 106,715 | $45.0M | Reduce -1.6% |
| BLDR Builders Firstsource Inc. | 0.25% | 369,965 | $44.9M | Add +8.6% |
| VVV Valvoline Inc. | 0.25% | 1,244,377 | $44.7M | Reduce -1.4% |
| CELH Celsius Holdings Inc. | 0.24% | 762,227 | $43.8M | Reduce -1.0% |
| AXP American Express Co. | 0.24% | 128,415 | $42.7M | Reduce -2.8% |
| DVY iShares Select Dividend ETF | 0.22% | 283,675 | $40.3M | Reduce -0.5% |
| PFE Pfizer Inc. | 0.22% | 1,566,593 | $39.9M | Reduce -2.5% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $1K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | 16,740 | $1K | No change |
Total filed on the 13F, all lines: $18.0B.
Portfolio Sells Q2 2025 → Q3 2025
| ELV Elevance Health Inc. | Reduce -50.2% | 0.17% | −0.26 |
| CRM Salesforce Inc. | Reduce -41.8% | 0.22% | −0.24 |
| FISV Fiserv Inc. | Reduce -7.5% | 0.38% | −0.20 |
| AMZN Amazon.com Inc. | Reduce -0.3% | 2.80% | −0.18 |
| MSFT Microsoft Corp. | Reduce -0.9% | 5.59% | −0.16 |
| V Visa Inc. Class A | Reduce -1.8% | 1.25% | −0.15 |
| PLTR Palantir Technologies Inc. Class A | Reduce -40.9% | 0.43% | −0.15 |
| NOW ServiceNow Inc. | Reduce -6.8% | 0.53% | −0.14 |
| CB Chubb Ltd. | Reduce -34.0% | 0.22% | −0.14 |
| PG The Procter & Gamble Co. | Reduce -0.6% | 1.14% | −0.12 |
| PEP Pepsico Inc. | Reduce -18.0% | 0.55% | −0.12 |
| LLY Eli Lilly & Co. | Reduce -4.2% | 0.74% | −0.10 |
| IWP iShares Russell Mid-Cap Grow | Reduce -3.5% | 1.32% | −0.09 |
| DE Deere & Co. | Reduce -6.3% | 0.28% | −0.07 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -19.1% | 0.20% | −0.07 |
| IWS iShares Russell Mid-Cap Valu | Reduce -3.2% | 1.57% | −0.06 |
| TMUS T-Mobile US Inc. | Reduce -2.5% | 0.69% | −0.06 |
| IWD iShares Russell 1000 Value E | Reduce -5.3% | 0.81% | −0.06 |
| UBER Uber Technologies Inc. | Reduce -8.5% | 0.50% | −0.05 |
| IBM Intl Business Machines Corp. | Reduce -10.4% | 0.21% | −0.05 |
| LNG Cheniere Energy Inc. | Reduce -29.9% | 0.08% | −0.05 |
| ADBE Adobe Inc. | Reduce -7.1% | 0.18% | −0.05 |
| MDLZ Mondelez International Inc. Class A | Reduce -4.9% | 0.21% | −0.04 |
| AMGN Amgen Inc. | Reduce -5.2% | 0.37% | −0.04 |
| VVV Valvoline Inc. | Reduce -1.4% | 0.25% | −0.03 |
| EMR Emerson Electric Co. | Reduce -0.0% | 0.38% | −0.03 |
| TT Trane Technologies PLC | Reduce -1.6% | 0.25% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -1.6% | 0.95% | −0.03 |
| CPRT Copart Inc. | Reduce -40.0% | 0.03% | −0.03 |
| FCNCA First Citizens Bcshs Class A | Reduce -0.4% | 0.16% | −0.03 |
| IWR iShares Russell Mid-Cap ETF | Reduce -2.1% | 0.80% | −0.03 |
| UNH Unitedhealth Group Inc. | Reduce -18.5% | 0.15% | −0.03 |
| TW Tradeweb Markets Inc. Class A | Reduce -41.3% | 0.02% | −0.03 |
| KO The Coca-Cola Co. | Reduce -1.4% | 0.17% | −0.03 |
| ZTS Zoetis Inc. | Reduce -22.1% | 0.06% | −0.03 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.03 |
| UNP Union Pacific Corp. | Reduce -0.6% | 0.63% | −0.02 |
| MUB iShares National Muni Bond E | Reduce -7.8% | 0.18% | −0.02 |
| ADP Automatic Data Processing | Reduce -0.6% | 0.18% | −0.02 |
| GOVT iShares US Treasury Bond ETF | Reduce -8.4% | 0.14% | −0.02 |
| XLB SS Materials Select Sector | Reduce -1.1% | 0.39% | −0.02 |
| CME Cme Group Inc. | Reduce -0.9% | 0.22% | −0.02 |
| CMCSA Comcast Corp. Class A | Reduce -9.4% | 0.06% | −0.02 |
| MCD McDonald's Corp. | Reduce -0.1% | 0.84% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -5.7% | 0.41% | −0.02 |
| IBIT iShares Bitcoin Trust ETF | Reduce -56.6% | 0.01% | −0.02 |
| DHR Danaher Corp. | Reduce -1.9% | 0.21% | −0.02 |
| LMT Lockheed Martin Corp. | Reduce -5.4% | 0.40% | −0.02 |
| NXST Nexstar Media Group Inc. | Reduce -32.7% | 0.04% | −0.02 |
| SNOW Snowflake Inc. | Reduce -68.5% | 0.01% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| NVT Nvent Electric PLC | Add +0.1% | 0.61% | +0.13 |
| PANW Palo Alto Networks Inc. | Add +42.8% | 0.49% | +0.12 |
| NEE Nextera Energy Inc. | Add +25.8% | 0.45% | +0.10 |
| DIS The Walt Disney Co. | Add +92.2% | 0.25% | +0.10 |
| FLUT Flutter Entertainment PLC-Di | Add +805.8% | 0.11% | +0.10 |
| TEL Te Connectivity PLC | Add +0.9% | 0.46% | +0.09 |
| SSNC Ss&c Technologies Holdings | Add +34.2% | 0.31% | +0.08 |
| NOC Northrop Grumman Corp. | Add +2.0% | 0.54% | +0.08 |
| IWF iShares Russell 1000 Growth | Add +1.3% | 1.20% | +0.06 |
| SPGM State Street SPDR Portfolio | New | 0.06% | +0.06 |
| IBB iShares Biotechnology ETF | Add +5.0% | 0.47% | +0.05 |
| VTWV Vanguard Russell 2000 Value | Add +371.0% | 0.06% | +0.05 |
| PTC PTC Inc. | Add +3.7% | 0.33% | +0.04 |
| CBSH Commerce Bancshares Inc. | Add +13.1% | 1.76% | +0.04 |
| EFV iShares MSCI Eafe Value ETF | Add +240.4% | 0.05% | +0.04 |
| IWV iShares Russell 3000 ETF | Add +8.9% | 0.38% | +0.04 |
| GD General Dynamics Corp. | Add +17.7% | 0.13% | +0.03 |
| BAC Bank of America Corp. | Add +7.2% | 0.31% | +0.03 |
| BX Blackstone Inc. | Add +2.0% | 0.32% | +0.03 |
| CBRE CBRE Group Inc. Class A | Add +1.5% | 0.37% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.2% | 0.94% | +0.03 |
| VWO Vanguard Ftse Emerging Marke | Add +4.0% | 0.32% | +0.02 |
| APP AppLovin Corp. Class A | Add +7.7% | 0.04% | +0.02 |
| CVX Chevron Corp. | Add +1.9% | 0.49% | +0.02 |
| VONV Vanguard Russell 1000 Value | Add +17.0% | 0.15% | +0.02 |
| CHD Church & Dwight Co. Inc. | Add +62.0% | 0.07% | +0.02 |
| MSI Motorola Solutions Inc. | Add +1.0% | 0.52% | +0.02 |
| NTAP Netapp Inc. | Add +61.7% | 0.04% | +0.02 |
| AEP American Electric Power | Add +2.0% | 0.41% | +0.02 |
| PFF iShares Preferred & Income S | Add +14.1% | 0.17% | +0.02 |
| PH Parker Hannifin Corp. | Add +0.4% | 0.62% | +0.02 |
| AEE Ameren Corporation | Add +14.4% | 0.11% | +0.02 |
| BLDR Builders Firstsource Inc. | Add +8.6% | 0.25% | +0.01 |
| DHI D.R. Horton Inc. | Add +3.8% | 0.06% | +0.01 |
| MO Altria Group Inc. | Add +0.5% | 0.21% | +0.01 |
| GLW Corning Inc. | Add +0.8% | 0.04% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +4.8% | 0.18% | +0.01 |
| BLK BlackRock Inc. | Add +1.4% | 0.21% | +0.01 |
| IEMG iShares Core MSCI Emerging | Add +2.5% | 0.21% | +0.01 |
| LRCX Lam Research Corp. | Add +2.5% | 0.05% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.7% | 0.08% | +0.01 |
| USRT iShares Core US REIT ETF | Add +319.2% | 0.01% | +0.01 |
| SNPS Synopsys Inc. | Add +59.3% | 0.04% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +0.7% | 0.17% | +0.01 |
| MSA Msa Safety Inc. | New | 0.01% | +0.01 |
| KLAC KLA Corp. | Add +18.2% | 0.04% | +0.01 |
| SOXX iShares Semiconductor ETF | Add +7.8% | 0.08% | +0.01 |
| WFC Wells Fargo & Co. | Add +11.8% | 0.10% | +0.01 |
| CMRC Commerce.com Inc. | Add +143.5% | 0.02% | +0.01 |
| GE General Electric | Add +1.8% | 0.08% | +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 |