State Street Corporation reports beneficial ownership of 7,066,546 shares of Commerce Bancshares Inc. The filing states this represents 4.8% of the outstanding common stock as reported and lists shared voting power of 994,637 and shared dispositive power of 7,066,546. The filing names several State Street advisory subsidiaries and is signed by a Senior Vice President.
Positive
None.
Negative
None.
Insights
Large passive holder disclosure shows a 4.8% stake held in shared capacity.
State Street Corporation discloses beneficial ownership of 7,066,546 shares of Commerce Bancshares Inc. with shared voting power of 994,637. The position is reported on behalf of multiple advisory entities listed in the filing.
The economic exposure appears through shared dispositive power; timing is tied to the 03/31/2026 reporting period. Subsequent filings would show whether holdings change.
The Schedule 13G is a routine institutional filing under passive/investment-adviser disclosure rules.
The submission identifies State Street and several State Street advisory subsidiaries (notably SSGA Funds Management and State Street Global Advisors entities) and follows Schedule 13G disclosure format for an ownership position under 5% ownership thresholds guidance.
The filing records ownership figures and classifications; any change in voting or dispositive arrangements would require amendment as prescribed by rule.
Key Figures
Beneficial ownership:7,066,546 sharesPercent of class:4.8%Shared voting power:994,637 shares+1 more
4 metrics
Beneficial ownership7,066,546 sharesAmount beneficially owned reported in Item 4
Percent of class4.8%Percent of Class reported in Item 4
Shared voting power994,637 sharesShared power to vote reported in Item 4(ii)
Shared dispositive power7,066,546 sharesShared power to dispose reported in Item 4(iv)
"Item 1 lists issuer and the filing is a Schedule 13G beneficial ownership report"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Shared Dispositive Powerregulatory
"Item 4(iv) lists "Shared power to dispose or to direct the disposition of: 7,066,546""
Investment Adviser (IA)financial
"Item 7 identifies entities followed by "(IA)" such as SSGA FUNDS MANAGEMENT, INC. (IA)"
An investment adviser (IA) is a person or firm that provides personalized guidance on buying, selling, or holding investments and often manages client portfolios for a fee. Investors should care because an IA has a legal duty to act in the client's best interest—think of them as a navigator who plans and steers your financial journey—so their advice, fee structure and potential conflicts can directly affect returns and financial risk.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
COMMERCE BANCSHARES INC/MO
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
200525103
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
200525103
1
Names of Reporting Persons
STATE STREET CORPORATION
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
MASSACHUSETTS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
994,637.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
7,066,546.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,066,546.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.8 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
COMMERCE BANCSHARES INC/MO
(b)
Address of issuer's principal executive offices:
1000 WALNUT P O BOX 13686, KANSAS CITY, MISSOURI, 64106
Item 2.
(a)
Name of person filing:
STATE STREET CORPORATION;
(b)
Address or principal business office or, if none, residence:
ONE CONGRESS STREET, SUITE 1, BOSTON MA 02114, UNITED STATES
(c)
Citizenship:
MA
(d)
Title of class of securities:
COMMON STOCK
(e)
CUSIP Number(s):
200525103
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
7066546.00
(b)
Percent of class:
4.8 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
994,637
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
7,066,546
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
NOT APPLICABLE
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
SSGA FUNDS MANAGEMENT, INC. (IA);STATE STREET GLOBAL ADVISORS EUROPE LIMITED (IA);STATE STREET GLOBAL ADVISORS LIMITED (IA);STATE STREET GLOBAL ADVISORS SINGAPORE LIMITED (IA);STATE STREET GLOBAL ADVISORS TRUST COMPANY (IA);STATE STREET GLOBAL ADVISORS, LTD. (IA);
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
NOT APPLICABLE
Item 9.
Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
NOT APPLICABLE
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
State Street reports beneficial ownership of 7,066,546 shares of CBSH, representing 4.8%. The filing lists shared voting power of 994,637 and shared dispositive power of 7,066,546, tied to the reporting period ending 03/31/2026.
Who at State Street holds the Commerce Bancshares position?
The filing attributes the position to State Street Corporation and lists advisory subsidiaries including SSGA Funds Management and multiple State Street Global Advisors entities. Signature is by a Senior Vice President, Chief Accounting Officer.
Is the 4.8% position a controlling stake in CBSH?
No; the filing shows a 4.8% beneficial ownership and indicates shared voting and dispositive powers. It does not assert sole control or controlling interest in CBSH and reports voting power as shared.
As of what date are the ownership figures reported?
The ownership figures are reported with an explicit reporting period of 03/31/2026. The filing itself is signed on 05/12/2026, reflecting the position as of the quarter end.
Do the State Street subsidiaries have voting authority over the shares?
The filing reports shared voting power of 994,637, indicating some voting authority is shared among State Street entities. Specific allocation of voting rights among listed subsidiaries is not itemized beyond their names.
