Rafferty Asset Management Boosts Commerce Bancshares Stake

Investment firm increases holding in Missouri-based financial services provider by nearly 47%

Published on Mar. 2, 2026

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Rafferty Asset Management LLC grew its stake in Commerce Bancshares, Inc. (NASDAQ:CBSH) by 46.7% in the third quarter, according to a recent SEC filing. The institutional investor now owns 142,145 shares of the financial services provider's stock, valued at approximately $8.5 million.

Why it matters

This increase in Rafferty's position in Commerce Bancshares suggests the investment firm sees growth potential in the Missouri-based bank holding company, which provides commercial and consumer banking, treasury management, trust and wealth advisory, and mortgage lending services across the Midwest.

The details

According to the 13F filing, Rafferty Asset Management added 45,267 shares of Commerce Bancshares to its portfolio during the third quarter. The firm now owns approximately 0.11% of the company's outstanding stock. Commerce Bancshares has a market capitalization of $7.49 billion and its shares have traded between $48.69 and $63.30 over the past 52 weeks.

  • Rafferty Asset Management increased its stake in Commerce Bancshares during the third quarter of 2025.

The players

Rafferty Asset Management LLC

An institutional investment firm that manages a portfolio of stocks, bonds, and other assets.

Commerce Bancshares, Inc.

A bank holding company that provides a range of banking and financial services across the Midwest through its subsidiary, Commerce Bank.

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The takeaway

Rafferty Asset Management's increased stake in Commerce Bancshares suggests the investment firm sees long-term growth potential in the regional financial services provider, which has maintained a strong presence in the Midwest despite industry consolidation and disruption.