상업 Bancshares, Inc.
US ˙ NasdaqGS ˙ US2005251036

SecurityCBSH / Commerce Bancshares, Inc.
InstitutionIFG Advisory, LLC
Latest Disclosed Ownership108,410 shares
Latest Disclosed Value $ 5,333,772
IFG Advisory, LLC ownership in CBSH / Commerce Bancshares, Inc.

On May 12, 2026 - IFG Advisory, LLC filed a 13F-HR form disclosing ownership of 108,410 shares of Commerce Bancshares, Inc. (US:CBSH) valued at $5,333,772 USD as of March 31, 2026. The entity filed a previous 13F-HR on November 12, 2025 disclosing 0 shares of Commerce Bancshares, Inc.. The current value of the position is $5,751,150 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)
2026-05-12 2026-03-31 13F COMMERCE BANCSHARES COM 200525103 108,410 108,410 5,334 15.2898
2025-11-12 2025-09-30 13F COMMERCE BANCSHARES COM 200525103 0 -105,262 -100.00 0 -100.00
2025-08-04 2025-06-30 13F COMMERCE BANCSHARES COM 200525103 105,262 2,013 1.95 6,544 1.85 0.3284
2025-05-08 2025-03-31 13F COMMERCE BANCSHARES COM 200525103 103,249 0 0.00 6,425 -0.12 0.3560
2025-02-14 2024-12-31 13F COMMERCE BANCSHARES COM 200525103 103,249 2,618 2.60 6,433 7.63 0.3646
2024-10-30 2024-09-30 13F COMMERCE BANCSHARES Common Stock 200525103 100,631 -120 -0.12 5,978 6.37 0.3807
2024-07-30 2024-06-30 13F COMMERCE BANCSHARES Common Stock 200525103 100,751 -95,915 -48.77 5,620 -46.29 0.3605
2024-05-06 2024-03-31 13F Commerce Bancshares Common Stock 200525103 196,666 95,908 95.19 10,463 94.42 0.7802
2024-01-17 2023-12-31 13F COMMERCE BANCSHARES Common Stock 200525103 100,758 4,802 5.00 5,382 16.90 0.3939
2023-11-13 2023-09-30 13F COMMERCE BANCSHARES Common Stock 200525103 95,956 1,288 1.36 4,604 -0.15 0.3873
2023-07-21 2023-06-30 13F COMMERCE BANCSHARES Common Stock 200525103 94,668 -19 -0.02 4,610 -16.55 0.4088
2023-04-26 2023-03-31 13F COMMERCE BANCSHARES Common Stock 200525103 94,687 -161 -0.17 5,525 91,966.67 0.5165
2023-01-31 2022-12-31 13F COMMERCE BANCSHARES Common Stock 200525103 94,848 94,848 6 0.6428
2022-10-28 2022-09-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 0 -89,193 -100.00 0 -100.00
2022-08-04 2022-06-30 13F COMMERCE BANCSHARES COMMON STOCK 200525103 89,193 -1,431 -1.58 5,855 -9.74 0.6218
2022-05-04 2022-03-31 13F COMMERCE BANCSHARES Common Stock 200525103 90,624 77 0.09 6,487 4.23 0.6546
2022-02-14 2021-12-31 13F COMMERCE BANCSHARES Common Stock 200525103 90,547 4,253 4.93 6,224 3.53 0.6065
2021-10-12 2021-09-30 13F COMMERCE BANCSHARES Common Stock 200525103 86,294 -106 -0.12 6,012 -6.66 0.6478
2021-07-21 2021-06-30 13F COMMERCE BANCSHARES Common Stock 200525103 86,400 -53 -0.06 6,441 -2.75 0.7164
2021-04-19 2021-03-31 13F COMMERCE BANCSHARES Common Stock 200525103 86,453 -70 -0.08 6,623 16.52 0.8250
2021-02-08 2020-12-31 13F COMMERCE BANCSHARES Common Stock 200525103 86,523 86,523 5,684 0.7868
2020-05-11 2020-03-31 13F COMMERCE BANCSHARES Common Stock 200525103 0 -3,533 -100.00 0 -100.00
2020-02-07 2019-12-31 13F COMMERCE BANCSHARES Common Stock 200525103 3,533 -10 -0.28 240 12.15 0.0438
2019-11-06 2019-09-30 13F COMMERCE BANCSHARES Common Stock 200525103 3,543 -111 -3.04 214 -1.83 0.0415
2019-08-06 2019-06-30 13F COMMERCE BANCSHARES Common Stock 200525103 3,654 -123 -3.26 218 -0.46 0.0387
2019-05-08 2019-03-31 13F COMMERCE BANCSHARES Common Stock 200525103 3,777 -214 -5.36 219 -2.23 0.0419
2019-02-07 2018-12-31 13F COMMERCE BANCSHARES Common Stock 200525103 3,991 250 6.68 224 -9.31 0.0528
2018-11-05 2018-09-30 13F COMMERCE BANCSHARES Common Stock 200525103 3,741 136 3.77 247 6.01 0.0464
2018-08-02 2018-06-30 13F COMMERCE BANCSHARES Common Stock 200525103 3,605 53 1.49 233 9.91 0.0479
2018-04-26 2018-03-31 13F COMMERCE BANCSHARES Common Stock 200525103 3,552 3,552 212 0.0471
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.