Cliff Asness's CBSH Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 1.27 M shares of Commerce Bancshares, Inc. (CBSH) worth $66.72 M, representing 0.04% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 53 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in CBSH, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2025, adding 589,397 shares. Largest reduction occurred in Q1 2019, reducing 551,691 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Commerce Bancshares (CBSH) Holding Value Over Time
Track share changes against reported price movement
Quarterly Commerce Bancshares (CBSH) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -32,518 | Reduce 2.49% | 1.27 M | $52.34 |
| Q3 2025 | +589,397 | Add 82.10% | 1.31 M | $56.89 |
| Q2 2025 | +49,992 | Add 7.48% | 717,924 | $59.21 |
| Q1 2025 | -86,557 | Reduce 11.47% | 667,932 | $58.48 |
| Q4 2024 | +95,487 | Add 14.49% | 754,489 | $59.34 |
| Q3 2024 | +488,304 | Add 286.06% | 659,002 | $53.88 |
| Q2 2024 | +26,571 | Add 18.44% | 170,698 | $50.08 |
| Q1 2024 | -9,231 | Reduce 6.02% | 144,127 | $48.25 |
| Q4 2023 | +54,270 | Add 54.77% | 153,358 | $48.44 |
| Q3 2023 | +73,080 | Add 280.99% | 99,088 | $41.45 |
| Q2 2023 | -66,096 | Reduce 71.76% | 26,008 | $41.80 |
| Q1 2023 | -104,950 | Reduce 53.26% | 92,104 | $50.41 |
| Q4 2022 | -18,351 | Reduce 8.52% | 197,054 | $58.80 |
| Q3 2022 | -120,285 | Reduce 35.83% | 215,405 | $54.43 |
| Q2 2022 | -21,674 | Reduce 6.06% | 335,690 | $53.25 |
| Q1 2022 | -167,461 | Reduce 31.91% | 357,364 | $58.90 |
| Q4 2021 | -20,922 | Reduce 3.83% | 524,825 | $56.55 |
| Q3 2021 | +15,469 | Add 2.92% | 545,747 | $54.60 |
| Q2 2021 | -29,899 | Reduce 5.34% | 530,278 | $58.42 |
| Q1 2021 | -15,194 | Reduce 2.64% | 560,177 | $60.03 |
| Q4 2020 | -4,388 | Reduce 0.76% | 575,371 | $51.06 |
| Q3 2020 | -750 | Reduce 0.13% | 579,759 | $41.45 |
| Q2 2020 | -4,199 | Reduce 0.72% | 580,509 | $44.00 |
| Q1 2020 | -5,947 | Reduce 1.01% | 584,708 | $37.57 |
| Q4 2019 | +131,615 | Add 28.67% | 590,655 | $50.70 |
| Q3 2019 | +22,653 | Add 5.19% | 459,040 | $43.10 |
| Q2 2019 | -18,159 | Reduce 3.99% | 436,387 | $42.40 |
| Q1 2019 | -551,691 | Reduce 54.83% | 454,546 | $41.26 |
| Q4 2018 | -4,199 | Reduce 0.42% | 1.01 M | $40.06 |
| Q3 2018 | -270,388 | Reduce 21.11% | 1.01 M | $44.68 |
| Q2 2018 | -171,064 | Reduce 11.78% | 1.28 M | $44.05 |
| Q1 2018 | -392,647 | Reduce 21.29% | 1.45 M | $40.55 |
| Q4 2017 | -84,777 | Reduce 4.39% | 1.84 M | $37.79 |
| Q3 2017 | +100,783 | Add 5.51% | 1.93 M | $37.47 |
| Q2 2017 | -84,482 | Reduce 4.42% | 1.83 M | $36.63 |
| Q1 2017 | +557,490 | Add 41.13% | 1.91 M | $36.20 |
| Q4 2016 | +456,821 | Add 50.83% | 1.36 M | $37.27 |
| Q3 2016 | +207,703 | Add 30.06% | 898,700 | $30.24 |
| Q2 2016 | +88,208 | Add 14.63% | 690,997 | $29.41 |
| Q1 2016 | +318,879 | Add 112.32% | 602,789 | $27.60 |
| Q4 2015 | +34,967 | Add 14.05% | 283,910 | $26.12 |
| Q3 2015 | +29,118 | Add 13.25% | 248,943 | $26.64 |
| Q2 2015 | +136,455 | Add 163.67% | 219,825 | $27.34 |
| Q1 2015 | +16,747 | Add 25.14% | 83,370 | $24.75 |
| Q4 2014 | +4,323 | Add 6.94% | 66,623 | $25.43 |
| Q3 2014 | -63,859 | Reduce 50.62% | 62,300 | $24.86 |
| Q2 2014 | -55,722 | Reduce 30.64% | 126,159 | $25.90 |
| Q1 2014 | -33,717 | Reduce 15.64% | 181,881 | $25.85 |
| Q4 2013 | +43,238 | Add 25.09% | 215,598 | $25.01 |
| Q3 2013 | -5,279 | Reduce 2.97% | 172,360 | $23.23 |
| Q2 2013 | +177,639 | Add 0.00% | 177,639 | $23.10 |
| Q4 2012 | +195,206 | Add 0.00% | 195,206 | $18.59 |
Cliff Asness's Commerce Bancshares Investment FAQs
Cliff Asness first purchased Commerce Bancshares, Inc. (CBSH) in Q4 2012, acquiring 195,206 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Commerce Bancshares, Inc. (CBSH) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to Commerce Bancshares, Inc. (CBSH) was in Q3 2025, adding 1,307,321 shares worth $74.37 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 1,274,803 shares of Commerce Bancshares, Inc. (CBSH), valued at approximately $66.72 M.
As of the Q4 2025 filing, Commerce Bancshares, Inc. (CBSH) represents approximately 0.04% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Commerce Bancshares, Inc. (CBSH) was 1,929,312 shares, as reported at the end of Q3 2017.