Monitor for any future amendments that could signal a shift from passive to active intent, though no such indication exists currently. The filing adds to a pattern of index-fund and passive-manager accumulation in CBSH.
Price Chart
Executive Summary
Vanguard Capital Management LLC filed a Schedule 13G disclosing a 5.17% passive stake in Commerce Bancshares as of September 30, 2026, representing 7,417,389 shares. This is a new filing by a Vanguard affiliate, adding to prior passive filings by Vanguard Portfolio Management LLC and State Street Corp. The filing confirms passive intent with no activist purpose.
Key Financial Metrics
Key Facts
- Vanguard Capital Management LLC filed a new Schedule 13G for Commerce Bancshares Inc.
- Stake: 7,417,389 shares, representing 5.17% of shares outstanding as of September 30, 2026.
- The filing certifies passive intent under Rule 13d-1(b).
- Prior passive filings by Vanguard Portfolio Management LLC (April 2026) and State Street Corp (August 2026) are on record.
- Market cap of CBSH is $7.9B; the stake value is approximately $408M based on market cap.
Financial Impact
Passive stake of 5.17% valued at approximately $408M based on $7.9B market cap.
Risk Factors
- No activist intent disclosed; no change in control or management influence expected.
- Passive 13G status could convert to 13D if investment strategy changes, but no evidence of that here.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0002100119-26-001582 |
| Document: 0002100119-26-001582-index.html | 0002100119-26-001582 |
| Document: 0002100119-26-001582.txt | 0002100119-26-001582 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | SC 13G | $55.25 | awaiting T+20 | awaiting T+20 | $55.06 (−0.34%) |
Oct 20, 2026 12d ago | 8-K | $55.58 | awaiting T+20 | awaiting T+20 | $55.06 (−0.94%) |
Aug 14, 2026 11w ago | Institutional Cluster | $59.71 $58.51 | ▼ −2.01% | ▼ −0.03% | $55.06 (−7.79%) |
Aug 6, 2026 12w ago | Insider Cluster | $59.13 $58.37 | ▼ −1.29% | ▼ −1.89% | $55.06 (−6.88%) |
Jul 31, 2026 13w ago | Insider Cluster | $59.27 $58.04 | ▼ −2.08% | ▼ −5.06% | $55.06 (−7.10%) |
Jul 30, 2026 13w ago | Insider Cluster | $59.44 $58.05 | ▼ −2.34% | ▼ −6.30% | $55.06 (−7.37%) |
Jul 29, 2026 13w ago | Insider Cluster | $60.33 $58.50 | ▼ −3.03% | ▼ −8.05% | $55.06 (−8.74%) |
Jul 6, 2026 16w ago | 8-K | $58.84 $59.67 | ▲ +1.41% | ▲ +0.08% | $55.06 (−6.42%) |
May 7, 2026 25w ago | 8-K | $52.48 $51.36 | ▼ −2.13% | ▼ −5.27% | $55.06 (+4.92%) |
Apr 28, 2026 26w ago | 8-K | $51.97 $52.41 | ▲ +0.85% | ▼ −4.62% | $55.06 (+5.95%) |
US Market Status
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