Commerce Bancshares, Inc.
US ˙ NasdaqGS ˙ US2005251036

SecurityCBSH / Commerce Bancshares, Inc.
InstitutionUBS Group AG
Latest Disclosed Ownership1,304,581 shares
Latest Disclosed Value $ 64,185,385
UBS Group AG reports 7.61% increase in ownership of CBSH / Commerce Bancshares, Inc.

On May 5, 2026 - UBS Group AG filed a 13F-HR form disclosing ownership of 1,304,581 shares of Commerce Bancshares, Inc. (US:CBSH) valued at $64,185,385 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 29, 2026 disclosing 1,212,291 shares of Commerce Bancshares, Inc.. This represents a change in shares of 7.61% during the quarter. The current value of the position is $68,425,273 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)
2026-05-05 2026-03-31 13F COMMERCE BANCSHARES COM 200525103 1,304,581 92,290 7.61 64,185 1.16 0.0096
2026-01-29 2025-12-31 13F COMMERCE BANCSHARES COM 200525103 1,212,291 18,219 1.53 63,451 -11.08 0.0103
2025-11-13 2025-09-30 13F COMMERCE BANCSHARES COM 200525103 1,194,072 38,977 3.37 71,358 -0.63 0.0112
2025-08-14 2025-06-30 13F COMMERCE BANCSHARES COM 200525103 1,155,095 -69,887 -5.71 71,812 -5.80 0.0124
2025-05-13 2025-03-31 13F COMMERCE BANCSHARES COM 200525103 1,224,982 -244,709 -16.65 76,231 -16.76 0.0140
2025-02-14 2024-12-31 13F COMMERCE BANCSHARES COM 200525103 1,469,691 1,242,018 545.53 91,576 577.19 0.0169
2024-11-14 2024-09-30 13F COMMERCE BANCSHARES COM 200525103 227,673 48,124 26.80 13,524 35.03 0.0029
2024-08-14 2024-06-30 13F COMMERCE BANCSHARES COM 200525103 179,549 70,432 64.55 10,015 72.52 0.0025
2024-05-13 2024-03-31 13F COMMERCE BANCSHARES COM 200525103 109,117 -44,679 -29.05 5,805 -29.33 0.0014
2024-02-09 2023-12-31 13F COMMERCE BANCSHARES COM 200525103 153,796 63,332 70.01 8,214 89.26 0.0025
2023-11-09 2023-09-30 13F COMMERCE BANCSHARES COM 200525103 90,464 -10,596 -10.48 4,340 -11.81 0.0015
2023-08-11 2023-06-30 13F COMMERCE BANCSHARES COM 200525103 101,060 -5,616 -5.26 4,922 -20.94 0.0017
2023-05-12 2023-03-31 13F COMMERCE BANCSHARES COM 200525103 106,676 1,452 1.38 6,225 -13.10 0.0023
2023-02-08 2022-12-31 13F COMMERCE BANCSHARES COM 200525103 105,224 27,905 36.09 7,163 39.99 0.0027
2022-11-10 2022-09-30 13F COMMERCE BANCSHARES COM 200525103 77,319 -35,813 -31.66 5,116 -31.12 0.0022
2022-08-10 2022-06-30 13F COMMERCE BANCSHARES COM 200525103 113,132 -41,172 -26.68 7,427 -32.76 0.0030
2022-05-16 2022-03-31 13F COMMERCE BANCSHARES COM 200525103 154,304 -165,320 -51.72 11,046 -49.72 0.0037
2022-02-14 2021-12-31 13F COMMERCE BANCSHARES COM 200525103 319,624 35,953 12.67 21,970 11.15 0.0063
2021-11-15 2021-09-30 13F COMMERCE BANCSHARES COM 200525103 283,671 -40,827 -12.58 19,766 -18.31 0.0062
2021-08-13 2021-06-30 13F COMMERCE BANCSHARES COM 200525103 324,498 37,025 12.88 24,195 9.86 0.0078
2021-05-12 2021-03-31 13F COMMERCE BANCSHARES COM 200525103 287,473 727 0.25 22,023 16.90 0.0073
2021-02-11 2020-12-31 13F COMMERCE BANCSHARES COM 200525103 286,746 98,134 52.03 18,839 77.44 0.0064
2020-11-12 2020-09-30 13F COMMERCE BANCSHARES COM 200525103 188,612 475 0.25 10,617 -5.11 0.0040
2020-07-31 2020-06-30 13F COMMERCE BANCSHARES COM 200525103 188,137 -29,391 -13.51 11,189 2.15 0.0047
2020-05-01 2020-03-31 13F COMMERCE BANCSHARES COM 200525103 217,528 -6,568 -2.93 10,953 -28.06 0.0052
2020-02-14 2019-12-31 13F COMMERCE BANCSHARES COM 200525103 224,096 17,620 8.53 15,225 21.58 0.0053
2019-11-14 2019-09-30 13F COMMERCE BANCSHARES COM 200525103 206,476 -3,802 -1.81 12,523 -0.18 0.0048
2019-08-14 2019-06-30 13F COMMERCE BANCSHARES COM 200525103 210,278 269 0.13 12,545 2.89 0.0048
2019-05-14 2019-03-31 13F COMMERCE BANCSHARES COM 200525103 210,009 876 0.42 12,193 3.43 0.0050
2019-02-14 2018-12-31 13F COMMERCE BANCSHARES COM 200525103 209,133 7,974 3.96 11,789 -11.23 0.0053
2018-11-14 2018-09-30 13F COMMERCE BANCSHARES COM 200525103 201,159 2,429 1.22 13,281 3.27 0.0053
2018-08-14 2018-06-30 13F COMMERCE BANCSHARES COM 200525103 198,730 -53,456 -21.20 12,860 -14.88 0.0056
2018-05-15 2018-03-31 13F COMMERCE BANCSHARES COM 200525103 252,186 50,264 24.89 15,108 34.00 0.0065
2018-02-14 2017-12-31 13F COMMERCE BANCSHARES COM 200525103 201,922 17,083 9.24 11,275 5.59 0.0046
2017-11-14 2017-09-30 13F COMMERCE BANCSHARES COM 200525103 184,839 21,439 13.12 10,678 14.99 0.0049
2017-11-14 2017-06-30 13F/A-1 COMMERCE BANCSHARES COM 200525103 163,400 -8,230 -4.80 9,286 -3.66 0.0048
2017-08-14 2017-06-30 13F COMMERCE BANCSHARES COM 200525103 163,400 -8,230 9,286
2017-11-14 2017-03-31 13F/A-1 COMMERCE BANCSHARES COM 200525103 171,630 34,151 24.84 9,639 21.28 0.0053
2017-05-12 2017-03-31 13F COMMERCE BANCSHARES COM 200525103 171,630 34,151 9,639
2017-02-14 2016-12-31 13F COMMERCE BANCSHARES COM 200525103 137,479 -13,884 -9.17 7,948 6.60 0.0044
2016-11-14 2016-09-30 13F COMMERCE BANCSHARES COM 200525103 151,363 15,886 11.73 7,456 14.88 0.0044
2016-08-12 2016-06-30 13F COMMERCE BANCSHARES COM 200525103 135,477 16,311 13.69 6,490 21.17 0.0041
2016-05-12 2016-03-31 13F COMMERCE BANCSHARES COM 200525103 119,166 6,115 5.41 5,356 11.37 0.0036
2016-02-16 2015-12-31 13F COMMERCE BANCSHARES COM 200525103 113,051 -7,002 -5.83 4,809 -12.07 0.0031
2015-11-13 2015-09-30 13F COMMERCE BANCSHARES COM 200525103 120,053 2,077 1.76 5,469 -0.91 0.0039
2015-08-14 2015-06-30 13F COMMERCE BANCSHARES COM 200525103 117,976 -46,846 -28.42 5,519 -20.87 0.0037
2015-05-14 2015-03-31 13F COMMERCE BANCSHARES COM 200525103 164,822 78,495 90.93 6,975 85.80 0.0048
2015-02-17 2014-12-31 13F COMMERCE BANCSHARES COM 200525103 86,327 86,327 3,754 0.0026
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.