SCHEDULE 13G: State Street Corporation Discloses 4.8% Passive Stake in Commerce Bancshares Inc.

State Street Corporation has filed a Schedule 13G, reporting a 4.8% beneficial ownership stake in Commerce Bancshares Inc. as of March 31, 2025.

Summary

• State Street Corporation, a Massachusetts-based parent holding company, has filed a Schedule 13G with the SEC regarding its beneficial ownership in Commerce Bancshares Inc./MO.
• As of March 31, 2025, State Street Corporation beneficially owned 6,434,687 shares of Commerce Bancshares Inc.'s common stock.
• This aggregate amount represents 4.8% of the class of securities, placing State Street's ownership below the 5% threshold.
• State Street holds sole voting power over 0 shares and shared voting power over 867,936 shares.
• The firm holds sole dispositive power over 0 shares and shared dispositive power over 6,434,687 shares.
• The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
• Subsidiaries identified as acquiring the security include SSGA Funds Management, Inc., State Street Global Advisors Asia Limited, State Street Global Advisors Europe Limited, State Street Global Advisors Limited, State Street Global Advisors Trust Company, State Street Global Advisors, Australia, Limited, and State Street Global Advisors, Ltd., all classified as investment advisers.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a factual, routine regulatory disclosure of beneficial ownership, not an operational or financial performance report.

Positives

• The continued holding of a significant, albeit passive, stake by a major institutional investor like State Street Corporation indicates ongoing institutional interest in Commerce Bancshares Inc.

Negatives

• The reported beneficial ownership of 4.8% is below the 5% threshold, which means State Street Corporation is no longer considered a significant beneficial owner requiring a standard Schedule 13G filing based on exceeding 5% ownership. This could imply a reduction in their stake if they previously held more than 5%.

Future Outlook

This document does not contain any forward-looking statements or guidance regarding the future outlook of Commerce Bancshares Inc. or State Street Corporation's investment strategy.

Industry Context

This filing is a routine disclosure for large institutional investors like State Street Corporation, which manages significant assets across various companies. It reflects a passive investment in a regional bank, Commerce Bancshares Inc., consistent with typical portfolio management activities of a major asset manager.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's passive stake, confirming continued institutional interest in the company's stock.

Key Dates

Keywords

Beneficial Ownership, SEC Filing, Schedule 13G, Institutional Investor, State Street Corporation, Commerce Bancshares Inc., Common Stock, Passive Investment, Financial Services