Commerce Bancshares, Inc.
US ˙ NasdaqGS ˙ US2005251036

SecurityCBSH / Commerce Bancshares, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership2,292,802 shares
Latest Disclosed Value $ 112,805,987
Morgan Stanley reports 6.04% decrease in ownership of CBSH / Commerce Bancshares, Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 2,292,802 shares of Commerce Bancshares, Inc. (US:CBSH) valued at $112,805,858 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 2,440,069 shares of Commerce Bancshares, Inc.. This represents a change in shares of -6.04% during the quarter. The current value of the position is $121,633,146 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.

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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)
2026-05-15 2026-03-31 13F COMMERCE BANCSHARES COM 200525103 2,292,802 -147,267 -6.04 112,806 -11.67 0.0068
2026-05-27 2025-12-31 13F/A-1 COMMERCE BANCSHARES COM 200525103 2,440,069 -696,689 -22.21 127,713 -31.87 0.0076
2026-02-13 2025-12-31 13F COMMERCE BANCSHARES COM 200525103 2,440,069 -696,689 127,713 0.0076
2026-05-27 2025-09-30 13F/A-1 COMMERCE BANCSHARES COM 200525103 3,136,758 93,997 3.09 187,453 -0.91 0.0113
2025-11-14 2025-09-30 13F COMMERCE BANCSHARES COM 200525103 3,136,758 93,997 187,453 0.0113
2025-08-15 2025-06-30 13F COMMERCE BANCSHARES COM 200525103 3,042,761 -200,196 -6.17 189,169 -6.26 0.0123
2025-05-15 2025-03-31 13F COMMERCE BANCSHARES COM 200525103 3,242,957 -34,965 -1.07 201,809 -1.19 0.0144
2025-05-15 2024-12-31 13F/A-1 COMMERCE BANCSHARES COM 200525103 3,277,922 154,785 4.96 204,248 10.10 0.0143
2025-02-14 2024-12-31 13F COMMERCE BANCSHARES COM 200525103 3,277,922 154,785 204,248 0.0143
2025-05-14 2024-09-30 13F/A-2 COMMERCE BANCSHARES COM 200525103 3,123,137 197,784 6.76 185,514 13.69 0.0135
2025-02-14 2024-09-30 13F/A-1 COMMERCE BANCSHARES COM 200525103 3,123,137 197,784 185,514 0.0135
2024-11-14 2024-09-30 13F COMMERCE BANCSHARES COM 200525103 3,123,137 197,784 185,514 0.0016
2025-05-14 2024-06-30 13F/A-2 COMMERCE BANCSHARES COM 200525103 2,925,353 307,860 11.76 163,176 17.18 0.0126
2024-10-17 2024-06-30 13F/A-1 COMMERCE BANCSHARES COM 200525103 2,925,353 307,860 163,176 0.0126
2024-08-14 2024-06-30 13F COMMERCE BANCSHARES COM 200525103 2,925,353 307,860 163,176 0.0126
2024-10-17 2024-03-31 13F/A-2 COMMERCE BANCSHARES COM 200525103 2,617,493 126,855 5.09 139,251 4.68 0.0112
2024-08-16 2024-03-31 13F/A-1 COMMERCE BANCSHARES COM 200525103 2,617,493 126,855 139,251 0.0013
2024-05-15 2024-03-31 13F COMMERCE BANCSHARES COM 200525103 2,617,493 126,855 139,251 0.0112
2024-08-16 2023-12-31 13F/A-1 COMMERCE BANCSHARES COM 200525103 2,490,638 356,734 16.72 133,025 29.93 0.0117
2024-02-13 2023-12-31 13F COMMERCE BANCSHARES COM 200525103 2,490,638 356,734 133,025 0.0117
2023-11-15 2023-09-30 13F COMMERCE BANCSHARES COM 200525103 2,133,904 -76,810 -3.47 102,385 -4.90 0.0104
2023-08-14 2023-06-30 13F COMMERCE BANCSHARES COM 200525103 2,210,714 474,668 27.34 107,662 6.28 0.0106
2023-05-15 2023-03-31 13F COMMERCE BANCSHARES COM 200525103 1,736,046 -259,106 -12.99 101,298 -25.41 0.0109
2023-02-14 2022-12-31 13F COMMERCE BANCSHARES COM 200525103 1,995,152 1,313,291 192.60 135,810 201.06 0.0154
2022-11-14 2022-09-30 13F COMMERCE BANCSHARES COM 200525103 681,861 86,907 14.61 45,110 15.49 0.0061
2022-10-27 2022-06-30 13F/A-1 COMMERCE BANCSHARES COM 200525103 594,954 314,652 112.25 39,059 94.65 0.0051
2022-08-15 2022-06-30 13F COMMERCE BANCSHARES COM 200525103 594,954 314,652 39,059 0.0051
2022-10-27 2022-03-31 13F/A-1 COMMERCE BANCSHARES COM 200525103 280,302 -7,323 -2.55 20,066 1.49 0.0027
2022-05-13 2022-03-31 13F COMMERCE BANCSHARES COM 200525103 280,302 -7,323 20,066 0.0027
2022-02-14 2021-12-31 13F COMMERCE BANCSHARES COM 200525103 287,625 16,470 6.07 19,771 4.64 0.0024
2021-11-15 2021-09-30 13F COMMERCE BANCSHARES COM 200525103 271,155 41,875 18.26 18,894 10.52 0.0025
2021-08-23 2021-06-30 13F/A-1 COMMERCE BANCSHARES COM 200525103 229,280 117,695 105.48 17,096 100.00 0.0023
2021-08-16 2021-06-30 13F COMMERCE BANCSHARES COM 200525103 229,280 117,695 17,096 0.0005
2021-05-17 2021-03-31 13F COMMERCE BANCSHARES COM 200525103 111,585 -23,011 -17.10 8,548 -3.35 0.0013
2021-02-16 2020-12-31 13F COMMERCE BANCSHARES COM 200525103 134,596 42,949 46.86 8,844 71.43 0.0014
2020-11-13 2020-09-30 13F COMMERCE BANCSHARES COM 200525103 91,647 -20,325 -18.15 5,159 -22.53 0.0010
2020-08-14 2020-06-30 13F COMMERCE BANCSHARES COM 200525103 111,972 -50,299 -31.00 6,659 -18.48 0.0015
2020-05-26 2020-03-31 13F/A-1 COMMERCE BANCSHARES COM 200525103 162,271 35,639 28.14 8,169 -5.04 0.0022
2020-05-15 2020-03-31 13F COMMERCE BANCSHARES COM 200525103 162,271 35,639 8,169 627.5495
2020-02-14 2019-12-31 13F COMMERCE BANCSHARES COM 200525103 126,632 -352,736 -73.58 8,603 -70.41 0.0020
2019-11-14 2019-09-30 13F COMMERCE BANCSHARES COM 200525103 479,368 368,921 334.03 29,072 341.22 0.0077
2019-08-14 2019-06-30 13F COMMERCE BANCSHARES COM 200525103 110,447 2,515 2.33 6,589 5.14 0.0018
2019-05-15 2019-03-31 13F COMMERCE BANCSHARES COM 200525103 107,932 10,991 11.34 6,267 14.68 0.0018
2019-02-14 2018-12-31 13F COMMERCE BANCSHARES COM 200525103 96,941 -23,952 -19.81 5,465 -31.53 0.0016
2019-04-23 2018-09-30 13F/A-2 COMMERCE BANCSHARES COM 200525103 120,893 -20,824 -14.69 7,982 -12.96 0.0020
2018-11-20 2018-09-30 13F/A-1 COMMERCE BANCSHARES COM 200525103 120,893 0 7,982 0.0020
2018-11-14 2018-09-30 13F COMMERCE BANCSHARES COM 200525103 120,893 -20,824 7,982
2019-04-23 2018-06-30 13F/A-1 COMMERCE BANCSHARES COM 200525103 141,717 -111,961 -44.14 9,170 -39.67 0.0025
2018-08-14 2018-06-30 13F COMMERCE BANCSHARES COM 200525103 141,717 -111,961 9,170
2019-04-23 2018-03-31 13F/A-1 COMMERCE BANCSHARES COM 200525103 253,678 24,475 10.68 15,199 18.76 0.0042
2018-05-14 2018-03-31 13F COMMERCE BANCSHARES COM 200525103 253,678 24,475 15,199
2019-04-23 2017-12-31 13F/A-1 COMMERCE BANCSHARES COM 200525103 229,203 -145,735 -38.87 12,798 -40.92 0.0035
2018-02-14 2017-12-31 13F COMMERCE BANCSHARES COM 200525103 229,203 -145,735 12,798
2017-11-14 2017-09-30 13F COMMERCE BANCSHARES COM 200525103 374,938 168,244 81.40 21,661 84.43 0.0065
2017-08-11 2017-06-30 13F COMMERCE BANCSHARES COM 200525103 206,694 -47,108 -18.56 11,745 -17.60 0.0035
2017-05-22 2017-03-31 13F/A-1 COMMERCE BANCSHARES COM 200525103 253,802 98,445 63.37 14,254 58.71 0.0044
2017-05-12 2017-03-31 13F COMMERCE BANCSHARES COM 200525103 253,802 14,254
2017-02-22 2016-12-31 13F/A-1 COMMERCE BANCSHARES COM 200525103 155,357 2,695 1.77 8,981 19.44 0.0029
2017-02-13 2016-12-31 13F COMMERCE BANCSHARES COM 200525103 155,357 8,981
2016-11-10 2016-09-30 13F COMMERCE BANCSHARES COM 200525103 152,662 68,932 82.33 7,519 87.46 0.0026
2016-08-12 2016-06-30 13F COMMERCE BANCSHARES COM 200525103 83,730 55,657 198.26 4,011 217.83 0.0014
2016-05-12 2016-03-31 13F COMMERCE BANCSHARES COM 200525103 28,073 -22,743 -44.76 1,262 -41.60 0.0005
2016-02-09 2015-12-31 13F COMMERCE BANCSHARES COM 200525103 50,816 25,912 104.05 2,161 90.56 0.0008
2016-02-08 2015-09-30 13F/A-1 COMMERCE BANCSHARES COM 200525103 24,904 -1,020,990 -97.62 1,134 -97.68 0.0004
2015-11-09 2015-09-30 13F COMMERCE BANCSHARES COM 200525103 24,904 1,134
2015-08-12 2015-06-30 13F COMMERCE BANCSHARES COM 200525103 1,045,894 48,351 4.85 48,917 15.87 0.0170
2015-05-14 2015-03-31 13F COMMERCE BANCSHARES COM 200525103 997,543 428,188 75.21 42,216 70.49 0.0155
2015-02-13 2014-12-31 13F COMMERCE BANCSHARES COM 200525103 569,355 267,756 88.78 24,762 83.91 0.0091
2014-12-16 2014-09-30 13F/A-1 COMMERCE BANCSHARES COM 200525103 301,599 256,526 569.13 13,464 542.67 0.0052
2014-11-14 2014-09-30 13F COMMERCE BANCSHARES COM 200525103 301,599 13,464
2014-08-12 2014-06-30 13F COMMERCE BANCSHARES COM 200525103 45,073 -74,788 -62.40 2,095 -62.35 0.0036
2014-05-13 2014-03-31 13F COMMERCE BANCSHARES COM 200525103 119,861 -26,487 -18.10 5,564 -15.35 0.0023
2014-02-13 2013-12-31 13F COMMERCE BANCSHARES COM 200525103 146,348 100,093 216.39 6,573 224.27 0.0028
2013-11-13 2013-09-30 13F COMMERCE BANCSHARES INC COM COM 200525103 46,255 -68,285 -59.62 2,027 -59.35 0.0010
2013-08-08 2013-06-30 13F COMMERCE BANCSHARES INC COM COM 200525103 114,540 114,540 4,987 0.0025
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.