Chipotle Mexican Grill, Inc.
CH ˙ SWX ˙ US1696561059
SecurityCH:CMG / Chipotle Mexican Grill, Inc.
InstitutionCommerce Bank
Latest Disclosed Ownership70,004 shares
Latest Disclosed Value $ 2,240,827
Commerce Bank reports 18.54% increase in ownership of CMG / Chipotle Mexican Grill, Inc.

On May 11, 2026 - Commerce Bank filed a 13F-HR form disclosing ownership of 70,004 shares of Chipotle Mexican Grill, Inc. (CH:CMG) valued at $2,240,827 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 59,055 shares of Chipotle Mexican Grill, Inc.. This represents a change in shares of 18.54% during the quarter.

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.

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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)
2026-05-11 2026-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 70,004 10,949 18.54 2,241 2.52 0.0046
2026-02-13 2025-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 59,055 -14,554 -19.77 2,185 -24.24 0.0121
2025-11-12 2025-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 73,609 1,293 1.79 2,885 -28.97 0.0161
2025-08-07 2025-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 72,316 -16,480 -18.56 4,061 -8.93 0.0240
2025-05-08 2025-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 88,796 1,319 1.51 4,458 -15.47 0.0285
2025-02-13 2024-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 87,477 1,423 1.65 5,275 6.37 0.0325
2024-11-08 2024-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 86,054 9,754 12.78 4,958 3.72 0.0304
2024-08-12 2024-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 76,300 74,747 4,813.07 4,780 5.89 0.0310
2024-05-03 2024-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,553 -210 -11.91 4,514 11.98 0.0299
2024-02-09 2023-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,763 17 0.97 4,032 26.05 0.0287
2023-11-14 2023-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,746 -1,485 -45.96 3,198 -53.73 0.0252
2023-08-08 2023-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 3,231 -382 -10.57 6,911 11.97 0.0517
2023-05-04 2023-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 3,613 -108 -2.90 6,172 19.57 0.0484
2023-02-10 2022-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 3,721 251 7.23 5,163 -1.02 0.0419
2022-11-04 2022-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 3,470 -610 -14.95 5,215 -2.23 0.0453
2022-08-12 2022-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 4,080 -74 -1.78 5,334 -18.84 0.0435
2022-05-09 2022-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 4,154 -187 -4.31 6,572 -13.40 0.0450
2022-02-14 2021-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 4,341 0 0.00 7,589 -3.81 0.0496
2021-11-09 2021-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 4,341 -264 -5.73 7,890 10.50 0.0558
2021-08-09 2021-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 4,605 -1 -0.02 7,140 9.11 0.0507
2021-05-05 2021-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 4,606 -230 -4.76 6,544 -2.42 0.0498
2021-02-09 2020-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 4,836 548 12.78 6,706 25.75 0.0542
2020-11-06 2020-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 4,288 -462 -9.73 5,333 6.68 0.0482
2020-08-07 2020-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 4,750 3,638 327.16 4,999 587.62 0.0487
2020-05-08 2020-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,112 156 16.32 727 -9.12 0.0088
2020-02-14 2019-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 956 212 28.49 800 28.00 0.0076
2019-11-12 2019-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 744 40 5.68 625 21.12 0.0064
2019-08-07 2019-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 704 122 20.96 516 24.64 0.0058
2019-05-08 2019-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 582 -123 -17.45 414 35.74 0.0049
2019-02-11 2018-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 705 24 3.52 305 -1.29 0.0039
2018-11-02 2018-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 681 163 31.47 309 38.57 0.0037
2018-08-08 2018-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 518 518 223 0.0028
2018-02-12 2017-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 0 -713 -100.00 0 -100.00
2017-11-07 2017-09-30 13F/A-1 CHIPOTLE MEXICAN GRILL COM 169656105 713 -436 -37.95 220 -53.97 0.0030
2017-11-07 2017-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,149 478
2017-08-08 2017-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,149 -49 -4.09 478 -10.49 0.0067
2017-05-05 2017-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,198 -96 -7.42 534 9.43 0.0076
2017-02-08 2016-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,294 123 10.50 488 -1.61 0.0073
2016-11-03 2016-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,171 55 4.93 496 10.47 0.0077
2016-08-09 2016-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,116 -734 -39.68 449 -48.45 0.0071
2016-04-27 2016-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,850 146 8.57 871 6.61 0.0145
2016-02-12 2015-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,704 -526 -23.59 817 -49.13 0.0137
2015-11-10 2015-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 2,230 20 0.90 1,606 20.12 0.0276
2015-08-03 2015-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 2,210 -169 -7.10 1,337 -13.57 0.0209
2015-05-06 2015-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 2,379 478 25.14 1,547 18.91 0.0240
2015-02-11 2014-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,901 -29 -1.50 1,301 1.17 0.0206
2014-11-06 2014-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 1,930 -78 -3.88 1,286 8.07 0.0212
2014-08-05 2014-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 2,008 -533 -20.98 1,190 -17.53 0.0194
2014-05-09 2014-03-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 2,541 -854 -25.15 1,443 -20.23 0.0246
2014-02-14 2013-12-31 13F CHIPOTLE MEXICAN GRILL COM 169656105 3,395 1,268 59.61 1,809 98.36 0.0313
2013-11-05 2013-09-30 13F/A-2 CHIPOTLE MEXICAN GRILL COM 169656105 2,127 -25 -1.16 912 16.33 0.0164
2013-11-05 2013-09-30 13F/A-1 CHIPOTLE MEXICAN GRILL COM 169656105 2,127 -25 912 0.0164
2013-11-04 2013-09-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 2,127 912
2013-08-07 2013-06-30 13F CHIPOTLE MEXICAN GRILL COM 169656105 2,152 -47 -2.14 784 9.34 0.0146
2013-08-08 2013-03-31 13F/A-1 CHIPOTLE MEXICAN GRILL COM 169656105 2,199 2,199 717 0.0140
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.