Commerce Bancshares, Inc.
US ˙ NasdaqGS ˙ US2005251036

SecurityCBSH / Commerce Bancshares, Inc.
InstitutionOppenheimer & Co Inc
Latest Disclosed Ownership99,294 shares
Latest Disclosed Value $ 4,885,265
Oppenheimer & Co Inc reports 1.25% decrease in ownership of CBSH / Commerce Bancshares, Inc.

On April 23, 2026 - Oppenheimer & Co Inc filed a 13F-HR form disclosing ownership of 99,294 shares of Commerce Bancshares, Inc. (US:CBSH) valued at $4,885,265 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 2, 2026 disclosing 100,554 shares of Commerce Bancshares, Inc.. This represents a change in shares of -1.25% during the quarter. The current value of the position is $5,207,970 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Upgrade to unlock premium data and export to Excel .

Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-23 2026-03-31 13F COMMERCE BANCSHARES COM 200525103 99,294 -1,260 -1.25 4,885 -7.16 0.0595
2026-02-02 2025-12-31 13F COMMERCE BANCSHARES COM 200525103 100,554 4,497 4.68 5,263 -8.33 0.0747
2025-11-06 2025-09-30 13F COMMERCE BANCSHARES COM 200525103 96,057 -605 -0.63 5,740 -4.48 0.0700
2025-07-31 2025-06-30 13F COMMERCE BANCSHARES COM 200525103 96,662 0 0.00 6,009 -0.10 0.0795
2025-04-23 2025-03-31 13F COMMERCE BANCSHARES COM 200525103 96,662 0 0.00 6,015 -0.13 0.0908
2025-02-05 2024-12-31 13F COMMERCE BANCSHARES COM 200525103 96,662 1,319 1.38 6,023 6.36 0.0899
2024-11-05 2024-09-30 13F COMMERCE BANCSHARES COM 200525103 95,343 -1,623 -1.67 5,663 4.72 0.0864
2024-08-08 2024-06-30 13F COMMERCE BANCSHARES COM 200525103 96,966 -443 -0.45 5,409 4.36 0.0859
2024-05-07 2024-03-31 13F COMMERCE BANCSHARES COM 200525103 97,409 -1,365 -1.38 5,182 -1.76 0.0859
2024-02-13 2023-12-31 13F COMMERCE BANCSHARES COM 200525103 98,774 4,652 4.94 5,276 16.83 0.0970
2023-11-08 2023-09-30 13F COMMERCE BANCSHARES COM 200525103 94,122 0 0.00 4,516 -1.48 0.0932
2023-08-03 2023-06-30 13F COMMERCE BANCSHARES COM 200525103 94,122 25 0.03 4,584 -16.52 0.0917
2023-05-10 2023-03-31 13F COMMERCE BANCSHARES COM 200525103 94,097 0 0.00 5,491 -14.29 0.1164
2023-02-08 2022-12-31 13F COMMERCE BANCSHARES COM 200525103 94,097 4,258 4.74 6,405 7.76 0.1458
2022-11-14 2022-09-30 13F COMMERCE BANCSHARES COM 200525103 89,839 -1,721 -1.88 5,944 -1.11 0.1390
2022-08-08 2022-06-30 13F COMMERCE BANCSHARES COM 200525103 91,560 0 0.00 6,011 -8.30 0.1294
2022-05-12 2022-03-31 13F COMMERCE BANCSHARES COM 200525103 91,560 -1,473 -1.58 6,555 2.50 0.1182
2022-02-02 2021-12-31 13F COMMERCE BANCSHARES COM 200525103 93,033 4,509 5.09 6,395 3.68 0.1118
2021-11-12 2021-09-30 13F COMMERCE BANCSHARES COM 200525103 88,524 50 0.06 6,168 -6.50 0.1155
2021-08-03 2021-06-30 13F COMMERCE BANCSHARES COM 200525103 88,474 -1,337 -1.49 6,597 -4.11 0.1182
2021-05-10 2021-03-31 13F COMMERCE BANCSHARES COM 200525103 89,811 -1,425 -1.56 6,880 14.78 0.1373
2021-02-11 2020-12-31 13F COMMERCE BANCSHARES COM 200525103 91,236 2,977 3.37 5,994 20.65 0.1265
2020-11-13 2020-09-30 13F COMMERCE BANCSHARES COM 200525103 88,259 -1,065 -1.19 4,968 -6.48 0.1243
2020-08-11 2020-06-30 13F COMMERCE BANCSHARES COM 200525103 89,324 -1,002 -1.11 5,312 16.80 0.1374
2020-05-08 2020-03-31 13F COMMERCE BANCSHARES COM 200525103 90,326 -5,852 -6.08 4,548 -30.39 0.1381
2020-02-07 2019-12-31 13F COMMERCE BANCSHARES COM 200525103 96,178 7,110 7.98 6,534 20.96 0.1618
2019-10-31 2019-09-30 13F COMMERCE BANCSHARES COM 200525103 89,068 -4,442 -4.75 5,402 -3.16 0.1472
2019-08-09 2019-06-30 13F COMMERCE BANCSHARES COM 200525103 93,510 -2,488 -2.59 5,578 0.07 0.1516
2019-04-24 2019-03-31 13F COMMERCE BANCSHARES COM 200525103 95,998 -566 -0.59 5,574 2.41 0.1489
2019-01-29 2018-12-31 13F COMMERCE BANCSHARES COM 200525103 96,564 3,928 4.24 5,443 -11.00 0.1702
2018-10-26 2018-09-30 13F COMMERCE BANCSHARES COM 200525103 92,636 -691 -0.74 6,116 1.28 0.1557
2018-08-10 2018-06-30 13F COMMERCE BANCSHARES COM 200525103 93,327 -2,489 -2.60 6,039 5.21 0.1639
2018-05-01 2018-03-31 13F COMMERCE BANCSHARES COM 200525103 95,816 -9,445 -8.97 5,740 -2.35 0.1475
2018-02-07 2017-12-31 13F COMMERCE BANCSHARES COM 200525103 105,261 1,304 1.25 5,878 -2.13 0.1513
2017-11-09 2017-09-30 13F COMMERCE BANCSHARES COM 200525103 103,957 -606 -0.58 6,006 1.08 0.1608
2017-08-09 2017-06-30 13F COMMERCE BANCSHARES COM 200525103 104,563 -12,174 -10.43 5,942 -9.37 0.1638
2017-05-15 2017-03-31 13F COMMERCE BANCSHARES COM 200525103 116,737 -1,009 -0.86 6,556 -3.69 0.1856
2017-02-01 2016-12-31 13F COMMERCE BANCSHARES COM 200525103 117,746 5,164 4.59 6,807 22.74 0.1982
2016-11-07 2016-09-30 13F COMMERCE BANCSHARES COM 200525103 112,582 1,630 1.47 5,546 4.35 0.1617
2016-08-08 2016-06-30 13F COMMERCE BANCSHARES COM 200525103 110,952 -1,099 -0.98 5,315 5.52 0.1584
2016-04-26 2016-03-31 13F COMMERCE BANCSHARES COM 200525103 112,051 586 0.53 5,037 6.22 0.1530
2016-02-03 2015-12-31 13F COMMERCE BANCSHARES COM 200525103 111,465 5,647 5.34 4,742 -1.64 0.1411
2015-11-13 2015-09-30 13F COMMERCE BANCSHARES COM 200525103 105,818 -1,036 -0.97 4,821 -3.54 0.1465
2015-08-12 2015-06-30 13F COMMERCE BANCSHARES COM 200525103 106,854 23 0.02 4,998 10.55 0.1390
2015-05-08 2015-03-31 13F COMMERCE BANCSHARES COM 200525103 106,831 -1,047 -0.97 4,521 -3.64 0.1231
2015-02-10 2014-12-31 13F COMMERCE BANCSHARES COM 200525103 107,878 3,729 3.58 4,692 0.90 0.1347
2014-11-12 2014-09-30 13F COMMERCE BANCSHARES COM 200525103 104,149 97,875 1,560.01 4,650 1,492.47 0.1383
2014-08-14 2014-06-30 13F COMMERCE BANCSHARES COM 200525103 6,274 -37,045 -85.52 292 -85.48 0.0088
2014-05-09 2014-03-31 13F COMMERCE BANCSHARES COM 200525103 43,319 25,582 144.23 2,011 152.32 0.0603
2014-02-12 2013-12-31 13F COMMERCE BANCSHARES COM 200525103 17,737 1,790 11.22 797 14.02 0.0255
2013-11-01 2013-09-30 13F COMMERCE BANCSHARES COM 200525103 15,947 11,094 228.60 699 231.28 0.0246
2013-08-14 2013-06-30 13F COMMERCE BANCSHARES COM 200525103 4,853 4,853 211 0.0082
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.