COMMERCE BANCSHARES INC

Ticker: CBSH CUSIP: 200525103 Class: COM

Arizona State Retirement System's Holding History (CIK: 0001558481)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 37,017 Value ($000) $1,937 Avg Close $52.11 Range $48.44 - $57.07

Q3 2025

Shares 37,512 Value ($000) $2,242 Avg Close $58.30 Range $54.88 - $62.59

Q2 2025

Shares 37,134 Value ($000) $2,309 Avg Close $57.93 Range $49.49 - $62.12

Q1 2025

Shares 36,690 Value ($000) $2,283 Avg Close $59.88 Range $55.23 - $64.40

Q4 2024

Shares 37,257 Value ($000) $2,321 Avg Close $59.04 Range $50.31 - $67.77

Q3 2024

Shares 35,435 Value ($000) $2,105 Avg Close $54.15 Range $48.48 - $58.18

Q2 2024

Shares 34,542 Value ($000) $1,927 Avg Close $47.99 Range $44.76 - $50.53

Q1 2024

Shares 34,072 Value ($000) $1,813 Avg Close $45.82 Range $43.24 - $48.68

Q4 2023

Shares 34,773 Value ($000) $1,857 Avg Close $41.46 Range $35.60 - $49.64

Q3 2023

Shares 33,735 Value ($000) $1,619 Avg Close $41.31 Range $38.36 - $45.32

Q2 2023

Shares 33,302 Value ($000) $1,622 Avg Close $42.12 Range $37.54 - $48.33

Q1 2023

Shares 32,680 Value ($000) $1,907 Avg Close $52.79 Range $45.66 - $57.30

Q4 2022

Shares 31,967 Value ($000) $2,176 Avg Close $56.76 Range $52.34 - $61.17

Q3 2022

Shares 29,528 Value ($000) $1,954 Avg Close $56.24 Range $52.01 - $59.93

Q2 2022

Shares 29,539 Value ($000) $1,939 Avg Close $55.14 Range $50.88 - $59.98

Q1 2022

Shares 29,676 Value ($000) $2,125 Avg Close $57.13 Range $53.28 - $60.07

Q4 2021

Shares 29,729 Value ($000) $2,044 Avg Close $54.83 Range $51.93 - $57.26

Q3 2021

Shares 28,691 Value ($000) $1,999 Avg Close $53.54 Range $49.49 - $57.50

Q2 2021

Shares 28,643 Value ($000) $2,136 Avg Close $58.31 Range $53.71 - $61.48

Q1 2021

Shares 30,685 Value ($000) $2,351 Avg Close $55.58 Range $48.87 - $62.89

Q4 2020

Shares 30,565 Value ($000) $2,008 Avg Close $46.53 Range $39.14 - $51.16

Q3 2020

Shares 30,289 Value ($000) $1,705 Avg Close $41.07 Range $37.95 - $44.23

Q2 2020

Shares 22,769 Value ($000) $1,354 Avg Close $41.89 Range $34.09 - $49.70

Q1 2020

Shares 23,808 Value ($000) $1,199 Avg Close $44.86 Range $32.28 - $50.80

Q4 2019

Shares 58,810 Value ($000) $3,996 Avg Close $45.53 Range $40.31 - $48.49

Q3 2019

Shares 61,558 Value ($000) $3,733 Avg Close $41.15 Range $38.28 - $43.51

Q2 2019

Shares 71,382 Value ($000) $4,259 Avg Close $41.43 Range $39.66 - $43.21

Q1 2019

Shares 70,874 Value ($000) $4,115 Avg Close $41.87 Range $38.62 - $44.45

Q4 2018

Shares 71,249 Value ($000) $4,016 Avg Close $41.75 Range $37.08 - $44.76

Q3 2018

Shares 67,376 Value ($000) $4,448 Avg Close $45.32 Range $42.24 - $47.64

Q2 2018

Shares 65,127 Value ($000) $4,214 Avg Close $42.06 Range $37.87 - $44.27

Q1 2018

Shares 63,493 Value ($000) $3,804 Avg Close $38.29 Range $35.75 - $40.49

Q4 2017

Shares 67,594 Value ($000) $3,774 Avg Close $36.94 Range $35.36 - $38.20

Q3 2017

Shares 50,714 Value ($000) $2,930 Avg Close $36.44 Range $33.70 - $38.30

Q2 2017

Shares 36,800 Value ($000) $2,091 Avg Close $35.70 Range $33.50 - $37.46

Q1 2017

Shares 36,400 Value ($000) $2,044 Avg Close $36.74 Range $34.22 - $38.88

Q4 2016

Shares 33,625 Value ($000) $1,944 Avg Close $34.52 Range $30.44 - $37.99

Q3 2016

Shares 34,786 Value ($000) $1,714 Avg Close $30.95 Range $29.09 - $32.78

Q2 2016

Shares 34,886 Value ($000) $1,671 Avg Close $29.79 Range $27.21 - $31.28

Q1 2016

Shares 42,786 Value ($000) $1,923 Avg Close $26.60 Range $23.59 - $29.10

Q4 2015

Shares 41,486 Value ($000) $1,765 Avg Close $27.58 Range $25.96 - $29.68

Q3 2015

Shares 36,346 Value ($000) $1,656 Avg Close $27.31 Range $25.22 - $28.93

Q4 2014

Shares 56,345 Value ($000) $2,450 Avg Close $24.97 Range $22.29 - $26.05

Q3 2014

Shares 49,924 Value ($000) $2,228 Avg Close $25.44 Range $24.59 - $26.46

Q2 2014

Shares 53,024 Value ($000) $2,465 Avg Close $24.54 Range $23.22 - $26.18

Q1 2014

Shares 52,324 Value ($000) $2,428 Avg Close $24.53 Range $22.87 - $26.10

Q4 2013

Shares 58,024 Value ($000) $2,605 Avg Close $24.09 Range $22.29 - $25.01

Q3 2013

Shares 59,823 Value ($000) $2,620 Avg Close $23.25 Range $21.81 - $24.60

Q2 2013

Shares 60,123 Value ($000) $2,618 Avg Close $21.46 Range $19.80 - $23.09

Q1 2013

Shares 60,623 Value ($000) $2,475 Avg Close $19.57 Range $18.12 - $21.05

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	37,017	$1,937	$52.11	$48.44 - $57.07
Q3 2025	37,512	$2,242	$58.30	$54.88 - $62.59
Q2 2025	37,134	$2,309	$57.93	$49.49 - $62.12
Q1 2025	36,690	$2,283	$59.88	$55.23 - $64.40
Q4 2024	37,257	$2,321	$59.04	$50.31 - $67.77
Q3 2024	35,435	$2,105	$54.15	$48.48 - $58.18
Q2 2024	34,542	$1,927	$47.99	$44.76 - $50.53
Q1 2024	34,072	$1,813	$45.82	$43.24 - $48.68
Q4 2023	34,773	$1,857	$41.46	$35.60 - $49.64
Q3 2023	33,735	$1,619	$41.31	$38.36 - $45.32
Q2 2023	33,302	$1,622	$42.12	$37.54 - $48.33
Q1 2023	32,680	$1,907	$52.79	$45.66 - $57.30
Q4 2022	31,967	$2,176	$56.76	$52.34 - $61.17
Q3 2022	29,528	$1,954	$56.24	$52.01 - $59.93
Q2 2022	29,539	$1,939	$55.14	$50.88 - $59.98
Q1 2022	29,676	$2,125	$57.13	$53.28 - $60.07
Q4 2021	29,729	$2,044	$54.83	$51.93 - $57.26
Q3 2021	28,691	$1,999	$53.54	$49.49 - $57.50
Q2 2021	28,643	$2,136	$58.31	$53.71 - $61.48
Q1 2021	30,685	$2,351	$55.58	$48.87 - $62.89
Q4 2020	30,565	$2,008	$46.53	$39.14 - $51.16
Q3 2020	30,289	$1,705	$41.07	$37.95 - $44.23
Q2 2020	22,769	$1,354	$41.89	$34.09 - $49.70
Q1 2020	23,808	$1,199	$44.86	$32.28 - $50.80
Q4 2019	58,810	$3,996	$45.53	$40.31 - $48.49
Q3 2019	61,558	$3,733	$41.15	$38.28 - $43.51
Q2 2019	71,382	$4,259	$41.43	$39.66 - $43.21
Q1 2019	70,874	$4,115	$41.87	$38.62 - $44.45
Q4 2018	71,249	$4,016	$41.75	$37.08 - $44.76
Q3 2018	67,376	$4,448	$45.32	$42.24 - $47.64
Q2 2018	65,127	$4,214	$42.06	$37.87 - $44.27
Q1 2018	63,493	$3,804	$38.29	$35.75 - $40.49
Q4 2017	67,594	$3,774	$36.94	$35.36 - $38.20
Q3 2017	50,714	$2,930	$36.44	$33.70 - $38.30
Q2 2017	36,800	$2,091	$35.70	$33.50 - $37.46
Q1 2017	36,400	$2,044	$36.74	$34.22 - $38.88
Q4 2016	33,625	$1,944	$34.52	$30.44 - $37.99
Q3 2016	34,786	$1,714	$30.95	$29.09 - $32.78
Q2 2016	34,886	$1,671	$29.79	$27.21 - $31.28
Q1 2016	42,786	$1,923	$26.60	$23.59 - $29.10
Q4 2015	41,486	$1,765	$27.58	$25.96 - $29.68
Q3 2015	36,346	$1,656	$27.31	$25.22 - $28.93
Q4 2014	56,345	$2,450	$24.97	$22.29 - $26.05
Q3 2014	49,924	$2,228	$25.44	$24.59 - $26.46
Q2 2014	53,024	$2,465	$24.54	$23.22 - $26.18
Q1 2014	52,324	$2,428	$24.53	$22.87 - $26.10
Q4 2013	58,024	$2,605	$24.09	$22.29 - $25.01
Q3 2013	59,823	$2,620	$23.25	$21.81 - $24.60
Q2 2013	60,123	$2,618	$21.46	$19.80 - $23.09
Q1 2013	60,623	$2,475	$19.57	$18.12 - $21.05