Who owns Commerce.com, Inc. (CMRC)
Which tracked institutional funds hold CMRC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See CMRC company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
14 tracked funds added or opened CMRC while 40 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
CMRC’s largest tracked holder by dollar value, M&T Bank Corp, sizes it at 0.3% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in CMRC divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 146 tracked filers holding CMRC, 83 increased or opened the position and 93 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in CMRC between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 7
- VANGUARD PORTFOLIO MANAGEMENT LLC$12M
- VANGUARD CAPITAL MANAGEMENT LLC$8M
- AMERIPRISE FINANCIAL INC$5M
- MONIMUS CAPITAL MANAGEMENT, LP$3M
- VANGUARD FIDUCIARY TRUST CO$1M
- SEGALL BRYANT & HAMILL, LLC$992K
Full exits 8
- M&T Bank Corp$76M
- VANGUARD GROUP INC$29M
- Clearbridge Investments, LLC$4M
- CenterBook Partners LP$4M
- JANE STREET GROUP, LLC$2M
- Trexquant Investment LP$1M
Largest adds
- Pale Fire Capital SE$5M
- JACOBS LEVY EQUITY MANAGEMENT, INC$1M
- AQR CAPITAL MANAGEMENT LLC$839K
- GSA CAPITAL PARTNERS LLP$412K
- COMMERCE BANK$336K
- State of Wyoming$322K
Largest trims
- Lynrock Lake LP$13M
- BlackRock, Inc.$7M
- Divisar Capital Management LLC$5M
- Potrero Capital Research LLC$4M
- MARSHALL WACE, LLP$3M
- D. E. Shaw & Co., Inc.$3M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Lynrock Lake LP | 9,266,666 | $25M | 8.0% | 2026-Q1 |
| BlackRock, Inc. trimmed | 4,763,055 | $13M | 4.1% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 4,562,016 | $12M | 3.9% | 2026-Q1 |
| Divisar Capital Management LLC added | 3,926,896 | $10M | 3.4% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC added | 3,118,685 | $8M | 2.7% | 2026-Q1 |
| Pale Fire Capital SE added | 2,952,094 | $8M | 2.5% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 2,846,647 | $8M | 2.4% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 1,706,025 | $5M | 1.5% | 2026-Q1 |
| S SQUARED TECHNOLOGY, LLC added | 1,599,142 | $4M | 1.4% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 1,597,231 | $4M | 1.4% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 1,470,686 | $4M | 1.3% | 2026-Q1 |
| STATE STREET CORP added | 1,438,863 | $4M | 1.2% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 1,252,100 | $3M | 1.1% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 1,235,752 | $3M | 1.1% | 2026-Q1 |
| MONIMUS CAPITAL MANAGEMENT, LP added | 1,164,942 | $3M | 1.0% | 2026-Q1 |
| MARSHALL WACE, LLP trimmed | 1,026,935 | $3M | 0.9% | 2026-Q1 |
| COMMERCE BANK added | 1,000,000 | $3M | 0.9% | 2026-Q1 |
| JACOBS LEVY EQUITY MANAGEMENT, INC added | 962,583 | $3M | 0.8% | 2026-Q1 |
| Potrero Capital Research LLC trimmed | 748,662 | $2M | 0.6% | 2026-Q1 |
| P.A.W. CAPITAL CORP added | 700,000 | $2M | 0.6% | 2026-Q1 |
| HERALD INVESTMENT MANAGEMENT Ltd | 700,000 | $2M | 0.6% | 2026-Q1 |
| NORTHERN TRUST CORP added | 536,005 | $1M | 0.5% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 506,278 | $1M | 0.4% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 465,358 | $1M | 0.4% | 2026-Q1 |
| D. E. Shaw & Co., Inc. trimmed | 454,277 | $1M | 0.4% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 442,430 | $1M | 0.4% | 2026-Q1 |
| UBS Group AG added | 409,984 | $1M | 0.4% | 2026-Q1 |
| MORGAN STANLEY trimmed | 394,299 | $1M | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 388,095 | $1M | 0.3% | 2026-Q1 |
| SEGALL BRYANT & HAMILL, LLC new | 346,861 | $992K | 0.3% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 368,719 | $984K | 0.3% | 2026-Q1 |
| NANO CAP NEW MILLENNIUM GROWTH FUND L P added | 352,500 | $941K | 0.3% | 2026-Q1 |
| Legal & General Group Plc trimmed | 338,935 | $905K | 0.3% | 2026-Q1 |
| Qube Research & Technologies Ltd trimmed | 302,398 | $807K | 0.3% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 268,144 | $716K | 0.2% | 2026-Q1 |
| LOS ANGELES CAPITAL MANAGEMENT LLC added | 254,479 | $679K | 0.2% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 250,197 | $668K | 0.2% | 2026-Q1 |
| FMR LLC added | 249,440 | $666K | 0.2% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 248,900 | $665K | 0.2% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 221,369 | $591K | 0.2% | 2026-Q1 |
| RICE HALL JAMES & ASSOCIATES, LLC trimmed | 219,121 | $585K | 0.2% | 2026-Q1 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC new | 200,000 | $534K | 0.2% | 2026-Q1 |
| GSA CAPITAL PARTNERS LLP added | 196,953 | $526K | 0.2% | 2026-Q1 |
| NEEDHAM INVESTMENT MANAGEMENT LLC trimmed | 190,000 | $507K | 0.2% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 184,087 | $492K | 0.2% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC added | 181,844 | $486K | 0.2% | 2026-Q1 |
| Nuveen, LLC added | 168,102 | $449K | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 165,171 | $441K | 0.1% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. | 101,160 | $417K | 0.1% | 2026-Q1 |
| Invesco Ltd. added | 155,382 | $415K | 0.1% | 2026-Q1 |
| NOTABLE CAPITAL MANAGEMENT, L.L.C. | 149,721 | $400K | 0.1% | 2026-Q1 |
| Chico Wealth RIA added | 148,193 | $396K | 0.1% | 2026-Q1 |
| State of Wyoming added | 143,123 | $382K | 0.1% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 138,465 | $370K | 0.1% | 2026-Q1 |
| BOOTHBAY FUND MANAGEMENT, LLC added | 129,329 | $345K | 0.1% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 111,484 | $298K | 0.1% | 2026-Q1 |
| IEQ CAPITAL, LLC trimmed | 103,146 | $275K | 0.1% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 83,931 | $224K | 0.1% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 80,630 | $215K | 0.1% | 2026-Q1 |
| Russell Investments Group, Ltd. trimmed | 77,084 | $206K | 0.1% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 76,738 | $205K | 0.1% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 73,890 | $197K | 0.1% | 2026-Q1 |
| M&T Bank Corp added | 1,378,357 | $76M | 24.4% | 2025-Q4 stale |
| VANGUARD GROUP INC trimmed | 7,142,295 | $29M | 9.5% | 2025-Q4 stale |
| General Catalyst Group Management, LLC | 1,200,000 | $7M | 2.2% | 2025-Q1 stale |
| Clearline Capital LP trimmed | 1,064,741 | $6M | 2.0% | 2025-Q1 stale |
| WASATCH ADVISORS LP trimmed | 815,171 | $5M | 1.5% | 2025-Q1 stale |
| Clearbridge Investments, LLC trimmed | 975,952 | $4M | 1.3% | 2025-Q4 stale |
| CenterBook Partners LP trimmed | 878,009 | $4M | 1.2% | 2025-Q4 stale |
| Penserra Capital Management LLC trimmed | 641,773 | $3M | 1.0% | 2025-Q3 stale |
| Soviero Asset Management, LP new | 490,000 | $3M | 0.9% | 2025-Q1 stale |
| NORGES BANK trimmed | 388,500 | $2M | 0.7% | 2025-Q3 stale |
| CIBC WORLD MARKET INC. | 407,705 | $2M | 0.7% | 2025-Q3 stale |
| JANE STREET GROUP, LLC added | 439,828 | $2M | 0.6% | 2025-Q4 stale |
| Cubist Systematic Strategies, LLC trimmed | 358,367 | $2M | 0.6% | 2025-Q2 stale |
| 272 Capital LP trimmed | 217,196 | $1M | 0.4% | 2025-Q1 stale |
| Trexquant Investment LP added | 267,730 | $1M | 0.4% | 2025-Q4 stale |
| Shay Capital LLC | 219,332 | $904K | 0.3% | 2025-Q4 stale |
| KIM, LLC | 153,767 | $886K | 0.3% | 2025-Q1 stale |
| Swiss National Bank | 128,100 | $738K | 0.2% | 2025-Q1 stale |
| MACKENZIE FINANCIAL CORP added | 116,446 | $582K | 0.2% | 2025-Q2 stale |
| TWO SIGMA ADVISERS, LP added | 128,400 | $529K | 0.2% | 2025-Q4 stale |
| PDT Partners, LLC trimmed | 100,685 | $503K | 0.2% | 2025-Q2 stale |
| Allianz Asset Management GmbH new | 76,200 | $439K | 0.1% | 2025-Q1 stale |
| ALGERT GLOBAL LLC added | 99,271 | $409K | 0.1% | 2025-Q4 stale |
| DC Investments Management, LLC | 78,933 | $394K | 0.1% | 2025-Q3 stale |
| ARDSLEY ADVISORY PARTNERS LP trimmed | 64,500 | $372K | 0.1% | 2025-Q1 stale |
| PharVision Advisers, LLC new | 90,174 | $372K | 0.1% | 2025-Q4 stale |
| G2 Investment Partners Management LLC trimmed | 63,900 | $368K | 0.1% | 2025-Q1 stale |
| Jump Financial, LLC added | 87,236 | $359K | 0.1% | 2025-Q4 stale |
| Versor Investments LP added | 74,400 | $307K | 0.1% | 2025-Q4 stale |
| Verition Fund Management LLC trimmed | 70,400 | $290K | 0.1% | 2025-Q4 stale |
| Focus Partners Wealth new | 51,971 | $283K | 0.1% | 2025-Q3 stale |
| VIRGINIA RETIREMENT SYSTEMS ET Al added | 46,766 | $269K | 0.1% | 2025-Q1 stale |
| KORNITZER CAPITAL MANAGEMENT INC /KS | 53,800 | $268K | 0.1% | 2025-Q3 stale |
| Y-Intercept (Hong Kong) Ltd trimmed | 53,503 | $268K | 0.1% | 2025-Q2 stale |
| LSV ASSET MANAGEMENT new | 50,400 | $252K | 0.1% | 2025-Q2 stale |
| Buckland Partners Management Co LLC new | 2,000 | $251K | 0.1% | 2025-Q4 stale |
| Campbell & CO Investment Adviser LLC added | 52,064 | $215K | 0.1% | 2025-Q4 stale |
| Corebridge Financial, Inc. trimmed | 34,975 | $201K | 0.1% | 2025-Q1 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.