Commerce Bancshares, Inc.

CBSHRank #241 of 316

Reference Jun 30, 2026 close implied by Form 13F filings

Circulating market cap

$8.28B

Upper bound: lock-ups and restricted stock not reviewed yet.

Traditional market cap: $8.28B
Fully diluted value: n/a
Free float market cap: -
Gap to traditional: 0

Circulating supply143.43M / 143.43M

Free float
Locked team
Other restricted

Circulating: 143.43M · 100.0%
Free float: -
Locked team: n/r
Other restricted: n/r
Total outstanding: 143,432,178

Lock-ups and restricted stock for this company have not been reviewed yet. Only unlisted share classes are excluded, so circulating supply is an upper bound.

Supply breakdown

Shares as of Aug 3, 2026

Circulating100.0%143.43M shares

Category	Shares	%	Value	Status
Circulating	143.43M	100.0%	$8.28B	Estimated
Free float	-	-	-	Unavailable
Insider-held, unrestricted	-	-	-	Unavailable
Locked team funds	-	-	-	Unavailable
Other restricted (unlisted classes only)	-	-	-	Unavailable
Total outstanding	143.43M	100.0%	$8.28B	Verified
Ownership views (overlap the categories above, never added)
Institutional holdings (13F)	109.03M	76.0%	$6.30B	Estimated
Insider-held, all (Forms 3, 4, 5)	-	-	-	Unavailable

Institutional and insider holdings can include both tradable and locked shares, so they are shown for reference and never added to the total. Check: no class has more shares deducted than it has outstanding, and the review found no shares that may be counted twice: reconciles.

Valuation

Traditional$8.28B
Fully diluted-
Circulating$8.28B
Free float-
Locked team value$0
Other restricted value$0

Locked and restricted shares

Not reviewed yet.

Institutional holders

13F, quarter ended Jun 30, 2026

Holder	Shares	% of total
BlackRock, Inc.	13.09M	9.12%
VANGUARD PORTFOLIO MANAGEMENT LLC	9.02M	6.29%
STATE STREET CORP	7.35M	5.13%
AQR CAPITAL MANAGEMENT LLC	6.54M	4.56%
VANGUARD CAPITAL MANAGEMENT LLC	6.21M	4.33%
AMERICAN CENTURY COMPANIES INC	5.94M	4.14%
COMMERCE BANK	5.47M	3.82%
DIMENSIONAL FUND ADVISORS LP	4.16M	2.90%
GEODE CAPITAL MANAGEMENT, LLC	3.01M	2.10%
FIRST TRUST ADVISORS LP	2.25M	1.57%

Sum of long share positions in Form 13F reports for the quarter. 13F covers managers with over $100M in US equities; some positions are reported by more than one filer.

Insiders

Forms 3, 4 and 5

Form 4 aggregation pending

Share classes

Class	Listing	Shares outstanding	As of
Common stock	CBSH on Nasdaq	143,432,178	Aug 3, 2026

Notes and sources

COMMERCE BANCSHARES INC /MO/ 10-Q for period ended 2026-06-30, Cover page (0000022356-26-000190)
SEC public float (non-affiliates): $7.76B as of Jun 30, 2025, from the 10-K cover. It is a dollar value at a past date, not circulating supply.