CBSH β€” COMMERCE BANCSHARES INC

Ownership history in Waterfront Wealth Inc.  Β·  21 quarters on record

This page tracks every 13F SEC filing in which Waterfront Wealth Inc. reported a position in COMMERCE BANCSHARES INC (CBSH). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
5.97% (2020 Q4)
πŸ“Š Avg. % of fund
2.92%
πŸ“… First filed
2020 Q4
πŸ“… Last filed
2025 Q4
⏱ Quarters held
21

Position Intelligence

Waterfront Wealth Inc. Γ— CBSH AI Analytics

πŸ“‰ Waterfront Wealth Inc. underperformed the S&P 500 by –12.1% annually on this CBSH position. Timing score: 55% (11/20 decisions correct). Average cost basis: $49.75. Maximum drawdown during holding period: –31.5%.

πŸ“ˆ Position Alpha vs SPY
-12.1%
annualised excess return

❌ Significantly underperformed the S&P 500 by 12.1% ann.
20 quarters analyzed

⏱️ Timing Score
55%

βœ… Decent timing β€” more right than wrong on entries and exits.
11 of 20 add/trim decisions correct

πŸ’° Entry Quality
$49.75
+4.6% vs current ($52.06)

Best entry: $39.54 (2023 Q3)  Β·  Worst: $55.26 (2022 Q4)

πŸ›‘οΈ Drawdown Resilience
–31.5%
max drawdown while held

πŸ’ͺ Held through 1 major drawdown (>20%). Strong conviction under pressure.

πŸ’ͺ Fund Conviction
29%
buy-side decisions

6 adds Β· 15 trims. Bought during 2 of 8 down-price quarters. πŸ“‰ Predominantly trimming β€” distribution phase.

πŸ“‘ Position Trajectory
↓ Shrinking
last 4–5 quarters trend

πŸ“‰ Portfolio weight has been declining in recent quarters. Possible distribution phase.
Currently 1.41% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    CBSH price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 ADDED 140,290 +5,196 +3.8% 1.41% $7.4M $52.06
2025 Q3 REDUCED 135,094 -664 -0.5% 1.49% $7.3M $56.32
2025 Q2 REDUCED 135,758 -727 -0.5% 1.89% $8.4M $58.33
2025 Q1 REDUCED 136,485 -1,339 -1.0% 2.07% $8.5M $58.13
2024 Q4 REDUCED 137,824 -1,060 -0.8% 2.09% $8.6M $57.95
2024 Q3 REDUCED 138,884 -1,142 -0.8% 2.12% $8.6M $52.42
2024 Q2 REDUCED 140,026 -1,726 -1.2% 2.12% $7.8M $49.02
2024 Q1 REDUCED 141,752 -1,876 -1.3% 2.20% $7.9M $46.52
2023 Q4 ADDED 143,628 +6,229 +4.5% 2.26% $7.7M $46.47
2023 Q3 ADDED 137,399 +38 +0.0% 2.00% $6.1M $39.54
11 older quarters hidden  β€”  Sign in free or upgrade to Premium to see full history

🏒 Other funds also holding CBSH

As of 2025 Q4 β€” sorted by position size

SPEECE THORSON CAPITAL GROUP INC 3Y 7Y 4.06% NFJ INVESTMENT GROUP, LLC 3Y 1.52% MTM Investment Management, LLC 3Y 1.47% Boxwood Ventures, Inc. 3Y 1.32% Paragon Capital Management LLC 3Y 7Y 1.13% Nicholson Wealth Management Group, LLC 1.05% Numerai GP LLC 3Y 1.04% Waterford Advisors, LLC 3Y 1.01% MATTERN CAPITAL MANAGEMENT, LLC 3Y 1.0% Champlain Investment Partners, LLC 3Y 7Y 0.6%
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