COMMERCE BANK

New 13F: Q3 2026

COMMERCE BANK filed its 13F for the quarter ended Sep 30, 2026 on Nov 12, 2026: $8.8B in AI and semiconductor stocks; $154.8M bought and $253.8M sold against its previous quarter, at the quarter's prices.

COMMERCE BANK declares $8.4B in 122 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 36.9% of its $22.8B 13F portfolio. Largest positions: Apple (0.03% of the company) and Alphabet (0.03% of the company). Over time: $8.4B in 122 of these companies for Q2 2026, against $1.9B in 84 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $181.9M and sold $155.6M of these stocks, at the quarter's prices: a net purchase of $26.3M; 7 new positions and 4 sold out.

Performance of its AI picks

The AI-stock portfolio COMMERCE BANK declared for Q2 2026 (Form 13F), held unchanged, returned +5.9% in Q3 2026 (SMH -7.1%), ranked 447 of 1,785 active managers. Over the last 12 months, quarter after quarter: +21.9% (SMH +87.2%), ranked 1105 of 1,360 active managers. Over three years, quarter after quarter: +135.4% (SMH +325.8%), ranked 520 of 784 active managers. Over five years, quarter after quarter: +145.7% (SMH +389.8%). Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.

Largest positions

  1. Apple (AAPL): $1.2B, 4.3M shares, 0.03% of the company, 5.4% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  2. Alphabet (GOOGL): $1.2B, 3.4M shares, 0.03% of the company, 5.4% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  3. NVIDIA (NVDA): $1.0B, 5.2M shares, 0.02% of the company, 4.5% of its portfolio (added this quarter); held since Q4 2019 or earlier
  4. Microsoft (MSFT): $810.3M, 2.2M shares, 0.03% of the company, 3.6% of its portfolio (added this quarter); held since Q4 2019 or earlier
  5. Amazon (AMZN): $623.0M, 2.6M shares, 0.02% of the company, 2.7% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  6. Broadcom (AVGO): $542.9M, 1.4M shares, 0.03% of the company, 2.4% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  7. Caterpillar (CAT): $287.9M, 270,388 shares, 0.06% of the company, 1.3% of its portfolio (added this quarter); held since Q4 2019 or earlier
  8. Meta Platforms (META): $220.2M, 390,909 shares, 0.02% of the company, 0.97% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  9. Palo Alto Networks (PANW): $201.3M, 590,311 shares, 0.07% of the company, 0.88% of its portfolio (added this quarter); held since Q4 2019 or earlier
  10. nVent (NVT): $163.1M, 961,845 shares, 0.60% of the company, 0.72% of its portfolio (trimmed this quarter); held since Q1 2021
  11. NextEra Energy (NEE): $142.0M, 1.6M shares, 0.08% of the company, 0.62% of its portfolio (added this quarter); held since Q4 2019 or earlier
  12. AMD (AMD): $102.8M, 176,903 shares, 0.01% of the company, 0.45% of its portfolio (added this quarter); held since Q4 2019 or earlier
  13. American Electric Power (AEP): $100.8M, 736,935 shares, 0.14% of the company, 0.44% of its portfolio (added this quarter); held since Q4 2019 or earlier
  14. Micron (MU): $99.6M, 86,245 shares, 0.01% of the company, 0.44% of its portfolio (added this quarter); held since Q4 2019 or earlier
  15. Cisco (CSCO): $98.7M, 840,564 shares, 0.02% of the company, 0.43% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier

By sector

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