Commerce Bank
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Commerce Bank reported 1,240 stock positions worth $18.1 billion. Its top holding was Apple (AAPL) at 5.7% of the portfolio, followed by Microsoft (MSFT, 5.2%) and Nvidia (NVDA, 4.9%). Compared with Q3 2025, it opened 50 new positions, sold out of 41, added to 419 and reduced 632. The biggest buy was Caterpillar (CAT, shares +73%) and the biggest sale Microsoft (MSFT, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- KANSAS CITY, MO
- CIK
- 0001009076
- Portfolio Value
- $18.1B (Q4 2025)
- SEC Filing
- 0001009076-26-000003 ↗ filed Feb 13, 2026
Holdings Value
Holdings 1,240 stocks · $18.1B
| AAPL Apple Inc. | 5.72% | 3,813,198 | $1.0B | Reduce -1.1% |
| MSFT Microsoft Corp. | 5.15% | 1,930,121 | $933.4M | Reduce -0.5% |
| NVDA Nvidia Corp. | 4.86% | 4,720,931 | $880.5M | Reduce -1.9% |
| GOOGL Alphabet Inc. Class A | 4.51% | 2,608,042 | $816.3M | Reduce -0.5% |
| AMZN Amazon.com Inc. | 2.94% | 2,309,676 | $533.1M | Add +0.9% |
| AVGO Broadcom Inc. | 2.37% | 1,238,063 | $428.5M | Reduce -1.1% |
| JPM JPMorgan Chase & Co. | 2.10% | 1,182,082 | $380.9M | Reduce -0.6% |
| CBSH Commerce Bancshares Inc. | 1.64% | 5,660,823 | $296.3M | Add +7.0% |
| IWS iShares Russell Mid-Cap Valu | 1.55% | 1,984,765 | $280.0M | Reduce -1.8% |
| META Meta Platforms Inc. Class A | 1.32% | 362,363 | $239.2M | Add +0.2% |
| V Visa Inc. Class A | 1.26% | 652,962 | $229.0M | Reduce -0.5% |
| IWP iShares Russell Mid-Cap Grow | 1.26% | 1,660,417 | $227.4M | Reduce -0.1% |
| IWF iShares Russell 1000 Growth | 1.19% | 453,533 | $214.7M | Reduce -1.8% |
| MS Morgan Stanley | 1.14% | 1,159,874 | $205.9M | Reduce -0.5% |
| PG The Procter & Gamble Co. | 1.05% | 1,328,284 | $190.4M | Reduce -0.6% |
| LLY Eli Lilly & Co. | 1.04% | 175,563 | $188.9M | Add +0.8% |
| XOM Exxon Mobil Corp. | 1.01% | 1,520,027 | $182.9M | Add +0.1% |
| JNJ Johnson & Johnson | 1.00% | 873,935 | $180.9M | Reduce -0.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.94% | 250,647 | $170.9M | Reduce -1.3% |
| GOOG Alphabet Inc. Class C | 0.89% | 512,697 | $160.9M | Reduce -0.4% |
| IVV iShares Core S&P 500 ETF | 0.88% | 232,275 | $159.1M | Add +3.8% |
| IWD iShares Russell 1000 Value E | 0.84% | 725,356 | $152.6M | Add +1.1% |
| MCD McDonald's Corp. | 0.83% | 491,495 | $150.2M | Reduce -0.8% |
| IWR iShares Russell Mid-Cap ETF | 0.79% | 1,483,919 | $142.9M | Reduce -0.9% |
| IBB iShares Biotechnology ETF | 0.77% | 825,694 | $139.4M | Add +40.7% |
| TMO Thermo Fisher Scientific Inc. | 0.74% | 232,318 | $134.6M | Add +16.1% |
| PH Parker Hannifin Corp. | 0.70% | 144,903 | $127.4M | Reduce -0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.67% | 242,484 | $121.9M | Reduce -2.8% |
| WMT Walmart Inc. | 0.67% | 1,088,783 | $121.3M | Add +3.4% |
| CAT Caterpillar Inc. | 0.67% | 211,002 | $120.9M | Add +73.2% |
| LOW Lowe's Cos Inc. | 0.65% | 491,125 | $118.4M | Reduce -0.2% |
| MCK McKesson Corp. | 0.63% | 138,527 | $113.6M | Reduce -0.9% |
| NVT Nvent Electric PLC | 0.63% | 1,112,915 | $113.5M | Reduce -0.2% |
| IWM iShares Russell 2000 ETF | 0.62% | 452,553 | $111.4M | Reduce -1.6% |
| UNP Union Pacific Corp. | 0.61% | 476,530 | $110.2M | Reduce -0.0% |
| ABBV Abbvie Inc. | 0.59% | 464,407 | $106.1M | Reduce -4.4% |
| TMUS T-Mobile US Inc. | 0.55% | 492,085 | $99.9M | Reduce -4.6% |
| MRK Merck & Co. Inc. | 0.54% | 932,790 | $98.2M | Add +29.9% |
| COST Costco Wholesale Corp. | 0.53% | 111,935 | $96.5M | Add +0.8% |
| COF Capital One Financial Corp. | 0.53% | 395,264 | $95.8M | Add +0.9% |
| JAAA Janus Henderson Aaa Clo ETF | 0.52% | 1,868,306 | $94.5M | Add +13.1% |
| PEP Pepsico Inc. | 0.52% | 654,470 | $93.9M | Reduce -7.1% |
| NEE Nextera Energy Inc. | 0.51% | 1,159,809 | $93.1M | Add +7.2% |
| RTX RTX Corp. | 0.51% | 506,398 | $92.9M | Reduce -1.7% |
| NOC Northrop Grumman Corp. | 0.50% | 159,232 | $90.8M | Add +0.6% |
| PANW Palo Alto Networks Inc. | 0.50% | 492,848 | $90.8M | Add +14.6% |
| TEL Te Connectivity PLC | 0.47% | 375,567 | $85.4M | Add +0.7% |
| UBER Uber Technologies Inc. | 0.47% | 1,045,222 | $85.4M | Add +13.9% |
| CVX Chevron Corp. | 0.46% | 552,246 | $84.2M | Reduce -2.6% |
| IWO iShares Russell 2000 Growth | 0.46% | 258,330 | $83.4M | Add +14.1% |
| VEA Vanguard Ftse Developed ETF | 0.46% | 1,319,691 | $82.4M | Add +5.2% |
| ET Energy Transfer LP | 0.45% | 4,992,394 | $82.3M | Reduce -0.0% |
| AEP American Electric Power | 0.44% | 688,893 | $79.4M | Add +4.6% |
| BKNG Booking Holdings Inc. | 0.43% | 14,612 | $78.3M | Reduce -1.7% |
| MSI Motorola Solutions Inc. | 0.42% | 200,667 | $76.9M | Reduce -1.0% |
| HD Home Depot Inc. | 0.41% | 218,093 | $75.0M | Add +0.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.41% | 223,742 | $75.0M | Reduce -0.3% |
| IWB iShares Russell 1000 ETF | 0.41% | 197,238 | $73.7M | Add +0.1% |
| AMGN Amgen Inc. | 0.40% | 223,709 | $73.2M | Reduce -5.0% |
| MA Mastercard Inc. Class A | 0.39% | 124,641 | $71.2M | Reduce -0.2% |
| XLB SS Materials Select Sector | 0.39% | 1,566,292 | $71.0M | Reduce -1.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.39% | 624,051 | $71.0M | Add +57.9% |
| VOO Vanguard S&P 500 ETF | 0.39% | 113,199 | $71.0M | Add +5.6% |
| LMT Lockheed Martin Corp. | 0.39% | 146,020 | $70.6M | Add +0.7% |
| CBRE CBRE Group Inc. Class A | 0.38% | 430,501 | $69.2M | Add +0.9% |
| SYK Stryker Corp. | 0.38% | 193,624 | $68.1M | Reduce -0.1% |
| ORCL Oracle Corp. | 0.37% | 347,165 | $67.7M | Reduce -6.3% |
| EMR Emerson Electric Co. | 0.36% | 495,948 | $65.8M | Reduce -4.2% |
| NOW ServiceNow Inc. | 0.35% | 418,339 | $64.1M | Reduce -19.5% |
| HON Honeywell International Inc. | 0.35% | 324,105 | $63.2M | Add +0.4% |
| NFLX Netflix Inc. | 0.34% | 655,505 | $61.5M | Add +6.7% |
| PLTR Palantir Technologies Inc. Class A | 0.34% | 343,136 | $61.0M | Reduce -19.8% |
| TSLA Tesla Inc. | 0.33% | 132,811 | $59.7M | Add +0.5% |
| ETN Eaton Corp. PLC | 0.33% | 186,945 | $59.5M | Reduce -1.0% |
| IWN iShares Russell 2000 Value E | 0.33% | 328,019 | $59.4M | Reduce -2.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.33% | 1,071,322 | $58.9M | Reduce -1.8% |
| VWO Vanguard Ftse Emerging Marke | 0.32% | 1,093,948 | $58.8M | Add +4.0% |
| USFD US Foods Holding Corp. | 0.32% | 763,928 | $57.5M | Add +0.4% |
| SSNC Ss&c Technologies Holdings | 0.31% | 645,081 | $56.4M | Add +2.4% |
| IWV iShares Russell 3000 ETF | 0.31% | 144,869 | $56.0M | Reduce -19.1% |
| WM Waste Management Inc. | 0.31% | 253,404 | $55.7M | Reduce -1.1% |
| TXN Texas Instruments Inc. | 0.30% | 308,703 | $53.6M | Reduce -32.6% |
| CSCO Cisco Systems Inc. | 0.29% | 677,175 | $52.2M | Reduce -2.4% |
| XLK SS Technology Select Sector | 0.28% | 357,260 | $51.4M | Reduce -2.9% |
| ABT Abbott Laboratories | 0.28% | 406,456 | $50.9M | Reduce -0.5% |
| DE Deere & Co. | 0.28% | 108,985 | $50.7M | Reduce -0.7% |
| PTC PTC Inc. | 0.27% | 281,780 | $49.1M | Reduce -2.9% |
| BX Blackstone Inc. | 0.27% | 316,515 | $48.8M | Reduce -4.7% |
| AXP American Express Co. | 0.26% | 125,657 | $46.5M | Reduce -2.1% |
| VONG Vanguard Russell 1000 Growth | 0.24% | 359,438 | $43.8M | Reduce -7.5% |
| DHR Danaher Corp. | 0.23% | 184,550 | $42.2M | Reduce -3.0% |
| IEMG iShares Core MSCI Emerging | 0.23% | 618,689 | $41.6M | Add +7.3% |
| TT Trane Technologies PLC | 0.23% | 106,042 | $41.3M | Reduce -0.6% |
| CME Cme Group Inc. | 0.23% | 149,395 | $40.8M | Add +4.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.22% | 136,977 | $40.6M | Add +0.1% |
| BLDR Builders Firstsource Inc. | 0.22% | 384,164 | $39.5M | Add +3.8% |
| IEFA iShares Core MSCI Eafe ETF | 0.22% | 441,216 | $39.5M | Add +16.1% |
| DVY iShares Select Dividend ETF | 0.21% | 275,567 | $38.9M | Reduce -2.9% |
| T AT&T Inc. | 0.21% | 1,540,253 | $38.3M | Reduce -37.5% |
| PFE Pfizer Inc. | 0.21% | 1,519,380 | $37.8M | Reduce -3.0% |
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -0.5% | 5.15% | −0.43 |
| FISV Fiserv Inc. | Reduce -69.0% | 0.06% | −0.32 |
| ORCL Oracle Corp. | Reduce -6.3% | 0.37% | −0.21 |
| NOW ServiceNow Inc. | Reduce -19.5% | 0.35% | −0.18 |
| T AT&T Inc. | Reduce -37.5% | 0.21% | −0.18 |
| TXN Texas Instruments Inc. | Reduce -32.6% | 0.30% | −0.17 |
| RRX Regal Rexnord Corp. | Reduce -46.5% | 0.17% | −0.16 |
| TMUS T-Mobile US Inc. | Reduce -4.6% | 0.55% | −0.14 |
| NVDA Nvidia Corp. | Reduce -1.9% | 4.86% | −0.13 |
| VVV Valvoline Inc. | Reduce -40.5% | 0.12% | −0.13 |
| RSG Republic Services Inc. | Reduce -34.0% | 0.19% | −0.12 |
| WH Wyndham Hotels & Resorts Inc. | Reduce -81.8% | 0.02% | −0.10 |
| CRM Salesforce Inc. | Reduce -50.3% | 0.12% | −0.10 |
| PLTR Palantir Technologies Inc. Class A | Reduce -19.8% | 0.34% | −0.10 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −0.10 |
| FLUT Flutter Entertainment PLC-Di | Reduce -76.7% | 0.02% | −0.09 |
| MSI Motorola Solutions Inc. | Reduce -1.0% | 0.42% | −0.09 |
| PG The Procter & Gamble Co. | Reduce -0.6% | 1.05% | −0.09 |
| IWV iShares Russell 3000 ETF | Reduce -19.1% | 0.31% | −0.07 |
| ETN Eaton Corp. PLC | Reduce -1.0% | 0.33% | −0.06 |
| IWP iShares Russell Mid-Cap Grow | Reduce -0.1% | 1.26% | −0.06 |
| ELV Elevance Health Inc. | Reduce -39.4% | 0.11% | −0.06 |
| PTC PTC Inc. | Reduce -2.9% | 0.27% | −0.06 |
| CELH Celsius Holdings Inc. | Reduce -1.7% | 0.19% | −0.05 |
| MDLZ Mondelez International Inc. Class A | Reduce -11.2% | 0.16% | −0.05 |
| BX Blackstone Inc. | Reduce -4.7% | 0.27% | −0.05 |
| AZO AutoZone Inc. | Reduce -2.8% | 0.14% | −0.05 |
| GRMN Garmin Ltd. | Reduce -6.6% | 0.13% | −0.04 |
| ABBV Abbvie Inc. | Reduce -4.4% | 0.59% | −0.04 |
| TOST Toast Inc. Class A | Reduce -15.1% | 0.17% | −0.04 |
| RCL Royal Caribbean Cruises Ltd. | Reduce -14.4% | 0.10% | −0.04 |
| LOW Lowe's Cos Inc. | Reduce -0.2% | 0.65% | −0.03 |
| PEP Pepsico Inc. | Reduce -7.1% | 0.52% | −0.03 |
| ORLY O'reilly Automotive Inc. | Reduce -2.2% | 0.14% | −0.03 |
| PFF iShares Preferred & Income S | Reduce -15.5% | 0.14% | −0.03 |
| ADBE Adobe Inc. | Reduce -14.3% | 0.16% | −0.03 |
| CVX Chevron Corp. | Reduce -2.6% | 0.46% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.8% | 0.67% | −0.02 |
| VST Vistra Corp. | Reduce -39.2% | 0.02% | −0.02 |
| IWS iShares Russell Mid-Cap Valu | Reduce -1.8% | 1.55% | −0.02 |
| ABT Abbott Laboratories | Reduce -0.5% | 0.28% | −0.02 |
| GDDY GoDaddy Inc. Class A | Reduce -61.9% | 0.01% | −0.02 |
| KMB Kimberly-Clark Corp. | Reduce -16.2% | 0.05% | −0.02 |
| SYK Stryker Corp. | Reduce -0.1% | 0.38% | −0.02 |
| SMCI Super Micro Computer Inc. | Reduce -49.6% | 0.01% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -10.8% | 0.13% | −0.02 |
| TT Trane Technologies PLC | Reduce -0.6% | 0.23% | −0.02 |
| ET Energy Transfer LP | Reduce -0.0% | 0.45% | −0.02 |
| EMN Eastman Chemical Co. | Reduce -87.5% | 0.00% | −0.02 |
| BLK BlackRock Inc. | Reduce -1.3% | 0.19% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| CAT Caterpillar Inc. | Add +73.2% | 0.67% | +0.34 |
| LLY Eli Lilly & Co. | Add +0.8% | 1.04% | +0.30 |
| IBB iShares Biotechnology ETF | Add +40.7% | 0.77% | +0.30 |
| MRK Merck & Co. Inc. | Add +29.9% | 0.54% | +0.21 |
| TMO Thermo Fisher Scientific Inc. | Add +16.1% | 0.74% | +0.20 |
| IWL iShares Russell Top 200 ETF | New | 0.16% | +0.16 |
| AMZN Amazon.com Inc. | Add +0.9% | 2.94% | +0.15 |
| DIS The Walt Disney Co. | Add +57.9% | 0.39% | +0.14 |
| APP AppLovin Corp. Class A | Add +367.9% | 0.18% | +0.14 |
| TPR Tapestry Inc. | Add +1217.1% | 0.13% | +0.12 |
| OMC Omnicom Group | Add +283.2% | 0.10% | +0.08 |
| GVI iShares Intermediate Governm | Add +308.5% | 0.10% | +0.08 |
| WMT Walmart Inc. | Add +3.4% | 0.67% | +0.07 |
| COF Capital One Financial Corp. | Add +0.9% | 0.53% | +0.07 |
| NEE Nextera Energy Inc. | Add +7.2% | 0.51% | +0.06 |
| XOM Exxon Mobil Corp. | Add +0.1% | 1.01% | +0.06 |
| IWO iShares Russell 2000 Growth | Add +14.1% | 0.46% | +0.06 |
| JAAA Janus Henderson Aaa Clo ETF | Add +13.1% | 0.52% | +0.06 |
| ESE Esco Technologies Inc. | Add +239.6% | 0.07% | +0.05 |
| IVV iShares Core S&P 500 ETF | Add +3.8% | 0.88% | +0.04 |
| WFC Wells Fargo & Co. | Add +27.7% | 0.14% | +0.04 |
| KLAC KLA Corp. | Add +79.9% | 0.08% | +0.04 |
| VEA Vanguard Ftse Developed ETF | Add +5.2% | 0.46% | +0.04 |
| GOVT iShares US Treasury Bond ETF | Add +27.3% | 0.17% | +0.04 |
| IEFA iShares Core MSCI Eafe ETF | Add +16.1% | 0.22% | +0.03 |
| IWD iShares Russell 1000 Value E | Add +1.1% | 0.84% | +0.03 |
| GLD SPDR Gold Shares | Add +8.0% | 0.18% | +0.03 |
| VOO Vanguard S&P 500 ETF | Add +5.6% | 0.39% | +0.03 |
| AEP American Electric Power | Add +4.6% | 0.44% | +0.03 |
| MU Micron Technology Inc. | Add +0.6% | 0.06% | +0.02 |
| IJH iShares Core S&P Midcap ETF | Add +35.5% | 0.08% | +0.02 |
| VTWV Vanguard Russell 2000 Value | Add +28.7% | 0.08% | +0.02 |
| FCX Freeport-McMoran Inc. | Add +4.7% | 0.07% | +0.02 |
| SCCO Southern Copper Corp. | Add +84.5% | 0.03% | +0.02 |
| IEMG iShares Core MSCI Emerging | Add +7.3% | 0.23% | +0.02 |
| JBL Jabil Inc. | Add +138.9% | 0.03% | +0.02 |
| CEG Constellation Energy | Add +19.7% | 0.08% | +0.02 |
| VRT Vertiv Holdings Co. Class A | Add +85.1% | 0.03% | +0.02 |
| TEL Te Connectivity PLC | Add +0.7% | 0.47% | +0.02 |
| CVNA Carvana Co. | Add +127.0% | 0.03% | +0.02 |
| SOXX iShares Semiconductor ETF | Add +8.3% | 0.09% | +0.01 |
| LFUS Littelfuse Inc. | Add +180.7% | 0.02% | +0.01 |
| PANW Palo Alto Networks Inc. | Add +14.6% | 0.50% | +0.01 |
| KEYS Keysight Technologies Inc. | Add +1.0% | 0.09% | +0.01 |
| BNY Bank of New York Mellon Corp. | Add +57.8% | 0.03% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +15.6% | 0.08% | +0.01 |
| APPF Appfolio Inc. Class A | Add +492.4% | 0.01% | +0.01 |
| ACGL Arch Capital Group Ltd. | Add +1.4% | 0.20% | +0.01 |
| ALNY Alnylam Pharmaceuticals Inc. | Add +132.5% | 0.02% | +0.01 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.01% | +0.01 |
Notes & Other Activity Q3 2025 → Q4 2025
| COHEN & STEERS INFRASTRU | RIGHT 10/16/2025 | Sold out | 16,740 | $1Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |