Vanguard Capital Management filed a Schedule 13G with the SEC on October 30, 2026, disclosing beneficial ownership of 7,417,389 shares of Commerce Bancshares Inc/MO common stock as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Vanguard Capital Management reported beneficial ownership of 7,417,389 shares of Commerce Bancshares Inc/MO common stock.
  • Percent of class: The reported position represents 5.17% of the outstanding class of common stock, according to the filing.
  • Sole voting power: Vanguard Capital Management disclosed sole voting power over 1,077,380 shares, with shared voting power of zero.
  • Sole dispositive power: The filing reports sole dispositive power over all 7,417,389 shares, with shared dispositive power of zero.
  • Event date: The date of the event requiring the filing was September 30, 2026.
  • Affiliates included: The filing states the reported securities reflect holdings attributed to Vanguard Capital Management LLC and affiliates including Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC, and Vanguard Investments Australia Ltd.

Vanguard Capital Management Reports Position in Commerce Bancshares Common Stock

According to the Schedule 13G filed on October 30, 2026, Vanguard Capital Management, organized in Pennsylvania and headquartered at 100 Vanguard Blvd, Malvern, PA 19355, reported aggregate beneficial ownership of 7,417,389 shares of common stock in Commerce Bancshares Inc/MO (NASDAQ:CBSH), representing 5.17% of the class. The triggering event date for the filing was September 30, 2026.

The filing discloses that sole voting power is held over 1,077,380 shares, while sole dispositive power covers the full 7,417,389 shares. Shared voting and shared dispositive power are each reported as zero. The filing states that the reported securities include shares held by Vanguard funds or sleeves thereof over which Vanguard Capital Management LLC exercises dispositive power, as well as securities held by clients over which certain affiliates or business divisions exercise dispositive and/or voting power. The named affiliates are Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC, and Vanguard Investments Australia Ltd.

The filing further discloses, under Item 6, that Vanguard Capital Management, "including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein," and that "no one other person's interest in the securities reported herein is more than 5%." The statement was signed by My Trieu-Gatt, identified as Authorized Signatory, Head of Global Fund Administration, on October 30, 2026.

What Was Disclosed

Vanguard Capital Management filed a Schedule 13G reporting 7,417,389 shares, or 5.17%, of Commerce Bancshares Inc/MO common stock beneficially owned as of September 30, 2026, with sole dispositive power over the full position and sole voting power over 1,077,380 shares.