Institutional HoldersBeta

Who holds a company, from every 13F filed for the quarter, one row per filer exactly as filed, against the latest share count the company reported.

Commerce.com, Inc.

CIK 0001626450CMRC· quarter ending 2026-06-30

Shares outstanding

82,858,991

as of 2026-08-04 · 10-Q cover page, filed 2026-08-06

Held by 13F filers

61,295,323

74.0% of shares outstanding

Holders

155

+7 vs 2026-03-31 · 24 new, 17 exited

Value

$181.4M

shares +3.3% vs prior quarter

Share classes (cover page of the 10-Q filed 2026-08-06, as of 2026-08-04)

Class	Listed	Shares outstanding	Held by 13F filers	% of class	Holders	CUSIP
Common stock	CMRC · NASDAQ	82,858,991	61,295,323	74.0%	155	08975P108

Each class is compared with its own share count; classes are not added together. A class that is not exchange-listed cannot be held by 13F filers.

Securities (CUSIPs held in 13F this quarter)

tick to combine

CUSIP	Class (as filers write it)	Holders	Shares held	Class shares	% of class	Value	Options	Mapped via
08975P108	COM SER 1	155	61,295,323	82,858,991	74.0%	$181.4M	3 call / 2 put	13DG	holders →
08975PAD0	DEBT 7.500%10/0not common	1	$150.0M principal	—	—	$146.5M	—	prefix	holders →
08975PAB4	NOTE 0.250%10/0not common	2	$2.6M principal	—	—	$2.6M	—	prefix	holders →

Totals combine the ticked CUSIPs and update as you tick: common-stock classes by default; preferreds, notes, warrants and depositary shares are listed but not counted. "holders →" shows a single CUSIP on its own. Bonds are held as a principal amount, not shares. Options positions are never counted as holdings.

Top holders (155 of 155 · 08975P108)

change vs 2026-03-31

#	Filer	Shares	% of class	Value	Change
1	Lynrock Lake LP	9,266,666	11.18%	$27.4M	—
2	BlackRock, Inc.	5,520,205	6.66%	$16.3M	+757,150 (+15.9%)
3	VANGUARD PORTFOLIO MANAGEMENT LLC	4,724,240	5.70%	$14.0M	+162,224 (+3.6%)
4	Divisar Capital Management LLC	3,142,845	3.79%	$9.3M	-784,051 (-20.0%)
5	ACADIAN ASSET MANAGEMENT LLC	3,116,400	3.76%	$9.2M	-2,285 (-0.1%)
6	Pale Fire Capital SE	3,054,890	3.69%	$9.0M	+102,796 (+3.5%)
7	VANGUARD CAPITAL MANAGEMENT LLC	3,039,302	3.67%	$9.0M	+192,655 (+6.8%)
8	AQR CAPITAL MANAGEMENT LLC	2,358,569	2.85%	$7.0M	+739,669 (+45.7%)
9	AMERIPRISE FINANCIAL INC	1,930,519	2.33%	$5.7M	+224,494 (+13.2%)
10	GEODE CAPITAL MANAGEMENT, LLC	1,858,023	2.24%	$5.5M	+387,337 (+26.3%)
11	S SQUARED TECHNOLOGY, LLC	1,599,142	1.93%	$4.7M	—
12	STATE STREET CORP	1,437,291	1.73%	$4.3M	-1,572 (-0.1%)
13	Connor, Clark & Lunn Investment Management Ltd.	1,375,848	1.66%	$4.1M	+140,096 (+11.3%)
14	RENAISSANCE TECHNOLOGIES LLC	1,237,800	1.49%	$3.7M	-14,300 (-1.1%)
15	MONIMUS CAPITAL MANAGEMENT, LP	1,067,329	1.29%	$3.2M	-97,613 (-8.4%)
16	HERALD INVESTMENT MANAGEMENT Ltd	1,060,000	1.28%	$3.1M	+360,000 (+51.4%)
17	COMMERCE BANK	1,000,000	1.21%	$3.0M	—
18	MARSHALL WACE, LLP	910,392	1.10%	$2.7M	-116,543 (-11.3%)
19	P.A.W. CAPITAL CORP	900,000	1.09%	$2.7M	+200,000 (+28.6%)
20	SEGALL BRYANT & HAMILL, LLC	824,473	1.00%	$2.4M	+477,612 (+137.7%)
21	GOLDMAN SACHS GROUP INC	818,882	0.99%	$2.4M	+376,452 (+85.1%)
22	NORTHERN TRUST CORP	612,961	0.74%	$1.8M	+76,956 (+14.4%)
23	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	570,023	0.69%	$1.7M	+63,745 (+12.6%)
24	Potrero Capital Research LLC	562,424	0.68%	$1.7M	-186,238 (-24.9%)
25	Legal & General Group Plc	527,084	0.64%	$1.6M	+188,149 (+55.5%)
26	VANGUARD FIDUCIARY TRUST CO	505,362	0.61%	$1.5M	+40,004 (+8.6%)
27	NANO CAP NEW MILLENNIUM GROWTH FUND L P	455,000	0.55%	$1.3M	+102,500 (+29.1%)
28	Man Group plc	425,672	0.51%	$1.3M	+372,722 (+703.9%)
29	PRINCIPAL FINANCIAL GROUP INC	401,245	0.48%	$1.2M	+32,526 (+8.8%)
30	JACOBS LEVY EQUITY MANAGEMENT, INC	394,234	0.48%	$1.2M	-568,349 (-59.0%)
31	MORGAN STANLEY	364,667	0.44%	$1.1M	-29,632 (-7.5%)
32	FMR LLC	353,627	0.43%	$1.0M	+104,187 (+41.8%)
33	TWO SIGMA INVESTMENTS, LP	276,511	0.33%	$818K	+27,611 (+11.1%)
34	Vanguard Global Advisers, LLC	272,086	0.33%	$805K	+87,999 (+47.8%)
35	BRIDGEWAY CAPITAL MANAGEMENT, LLC	260,000	0.31%	$770K	+60,000 (+30.0%)
36	LOS ANGELES CAPITAL MANAGEMENT LLC	236,937	0.29%	$701K	-17,542 (-6.9%)
37	Bank of New York Mellon Corp	232,728	0.28%	$689K	+11,359 (+5.1%)
38	VICTORY CAPITAL MANAGEMENT INC	230,151	0.28%	$681K	+48,307 (+26.6%)
39	IEQ CAPITAL, LLC	199,782	0.24%	$591K	+96,636 (+93.7%)
40	PRICE T ROWE ASSOCIATES INC /MD/	184,937	0.22%	$548K	+46,472 (+33.6%)
41	D. E. Shaw & Co., Inc.	184,667	0.22%	$547K	-374,820 (-67.0%)
42	Chico Wealth RIA	182,581	0.22%	$540K	+34,388 (+23.2%)
43	CITADEL ADVISORS LLC	170,078	0.21%	$503K	-218,017 (-56.2%)
44	Qube Research & Technologies Ltd	169,441	0.20%	$502K	-132,957 (-44.0%)
45	Nuveen, LLC	168,102	0.20%	$498K	—
46	GSA CAPITAL PARTNERS LLP	156,229	0.19%	$462K	-40,724 (-20.7%)
47	UBS Group AG	154,160	0.19%	$456K	-255,824 (-62.4%)
48	Invesco Ltd.	151,408	0.18%	$448K	-3,974 (-2.6%)
49	NOTABLE CAPITAL MANAGEMENT, L.L.C.	149,721	0.18%	$443K	—
50	BANK OF AMERICA CORP /DE/	120,184	0.15%	$356K	+36,253 (+43.2%)
51	NEEDHAM INVESTMENT MANAGEMENT LLC	120,000	0.14%	$355K	-70,000 (-36.8%)
52	ALLIANCEBERNSTEIN L.P.	107,860	0.13%	$288K	+6,700 (+6.6%)
53	ROYAL BANK OF CANADA	95,882	0.12%	$285K	-15,602 (-14.0%)
54	VOYA INVESTMENT MANAGEMENT LLC	95,319	0.12%	$282K	+82,267 (+630.3%)
55	Corient Private Wealth LP	94,603	0.11%	$280K	+16,794 (+21.6%)
56	Russell Investments Group, Ltd.	83,865	0.10%	$248K	+6,781 (+8.8%)
57	RHUMBLINE ADVISERS	83,493	0.10%	$247K	+2,863 (+3.6%)
58	Mariner, LLC	81,072	0.10%	$240K	+39,411 (+94.6%)
59	DEUTSCHE BANK AG\	75,714	0.09%	$224K	+38,210 (+101.9%)
60	WELLS FARGO & COMPANY/MN	74,694	0.09%	$221K	+46,123 (+161.4%)
61	AMERICAN CENTURY COMPANIES INC	73,890	0.09%	$219K	—
62	BNP PARIBAS FINANCIAL MARKETS	73,409	0.09%	$217K	-3,329 (-4.3%)
63	Atom Investors LP	62,462	0.08%	$185K	+51,498 (+469.7%)
64	MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	62,113	0.07%	$184K	+958 (+1.6%)
65	Centiva Capital, LP	61,720	0.07%	$183K	+3,770 (+6.5%)
66	Creative Planning	55,113	0.07%	$163K	+13,909 (+33.8%)
67	SEI INVESTMENTS CO	53,340	0.06%	$158K	-129 (-0.2%)
68	WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	53,121	0.06%	$166K	+26,215 (+97.4%)
69	BOOTHBAY FUND MANAGEMENT, LLC	51,910	0.06%	$154K	-77,419 (-59.9%)
70	MERCER GLOBAL ADVISORS INC /ADV	43,450	0.05%	$129K	+30,044 (+224.1%)
71	Cerity Partners LLC	42,721	0.05%	$126K	+27,861 (+187.5%)
72	LAZARD ASSET MANAGEMENT LLC	41,718	0.05%	$123K	NEW
73	MetLife Investment Management, LLC	40,623	0.05%	$120K	+15,676 (+62.8%)
74	CITIGROUP INC	39,218	0.05%	$116K	+35,714 (+1019.2%)
75	NewEdge Advisors, LLC	34,099	0.04%	$101K	NEW
76	JPMORGAN CHASE & CO	31,782	0.04%	$96K	+4,640 (+17.1%)
77	PRUDENTIAL FINANCIAL INC	26,915	0.03%	$80K	+2,080 (+8.4%)
78	STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM	26,185	0.03%	$78K	—
79	CAPTRUST FINANCIAL ADVISORS	25,613	0.03%	$76K	+11,302 (+79.0%)
80	BANK OF MONTREAL /CAN/	24,899	0.03%	$74K	+14,350 (+136.0%)
81	Graham Capital Management, L.P.	23,438	0.03%	$69K	-8,188 (-25.9%)
82	SUSQUEHANNA INTERNATIONAL GROUP, LLP	23,349	0.03%	$69K	-141,822 (-85.9%)
83	R Squared Ltd	22,438	0.03%	$66K	+5,559 (+32.9%)
84	FRANKLIN RESOURCES INC	21,130	0.03%	$63K	-635 (-2.9%)
85	Abel Hall, LLC	20,857	0.03%	$62K	NEW
86	BRIGHTON JONES LLC	19,992	0.02%	$59K	+8,651 (+76.3%)
87	Arax Advisory Partners	19,933	0.02%	$59K	+19,894 (+51010.3%)
88	ROYCE & ASSOCIATES LP	18,891	0.02%	$56K	NEW
89	Police & Firemen's Retirement System of New Jersey	18,776	0.02%	$56K	—
90	SIMPLEX TRADING, LLC	17,998	0.02%	$53K	+9,747 (+118.1%)
91	Point72 Asset Management, L.P.	17,684	0.02%	$52K	-250,460 (-93.4%)
92	COMMONWEALTH EQUITY SERVICES, LLC	17,661	0.02%	$52K	—
93	Comprehensive Financial Management LLC	17,500	0.02%	$52K	—
94	INTECH INVESTMENT MANAGEMENT LLC	16,479	0.02%	$49K	-562 (-3.3%)
95	Amundi	16,315	0.02%	$48K	NEW
96	MANUFACTURERS LIFE INSURANCE COMPANY, THE	16,074	0.02%	$48K	-4,528 (-22.0%)
97	PRELUDE CAPITAL MANAGEMENT, LLC	15,745	0.02%	$47K	-17,792 (-53.1%)
98	IHT Wealth Management, LLC	15,000	0.02%	$44K	NEW
99	Focus Partners Wealth	13,969	0.02%	$41K	NEW
100	SG Americas Securities, LLC	13,943	0.02%	$41K	-13,651 (-49.5%)
101	Merit Financial Group, LLC	13,781	0.02%	$41K	NEW
102	WINTON GROUP Ltd	13,700	0.02%	$41K	+600 (+4.6%)
103	Williams & Novak, LLC	12,700	0.02%	$38K	NEW
104	Caitong International Asset Management Co., Ltd	12,116	0.01%	$36K	+11,816 (+3938.7%)
105	BARCLAYS PLC	11,062	0.01%	$33K	-280 (-2.5%)
106	Vanguard Personalized Indexing Management, LLC	10,435	0.01%	$31K	-18,183 (-63.5%)
107	Bronte Capital Management Pty Ltd.	10,278	0.01%	$30K	NEW
108	Avondale Wealth Management	10,000	0.01%	$30K	—
109	Tower Research Capital LLC (TRC)	9,405	0.01%	$28K	+3,964 (+72.9%)
110	NEW YORK STATE COMMON RETIREMENT FUND	8,579	0.01%	$25K	—
111	Covestor Ltd	6,916	0.01%	$20K	-382 (-5.2%)
112	Ameritas Investment Partners, Inc.	6,679	0.01%	$20K	—
113	NISA INVESTMENT ADVISORS, LLC	5,547	0.01%	$16K	NEW
114	Financial Management Professionals, Inc.	5,494	0.01%	$16K	NEW
115	Federation des caisses Desjardins du Quebec	4,516	0.01%	$13K	-35 (-0.8%)
116	GROUP ONE TRADING LLC	4,402	0.01%	$13K	NEW
117	State of Alaska, Department of Revenue	3,652	0.00%	$10K	—
118	Allworth Financial LP	3,619	0.00%	$11K	+2,674 (+283.0%)
119	OSAIC HOLDINGS, INC.	3,418	0.00%	$10K	+50 (+1.5%)
120	SBI Securities Co., Ltd.	2,889	0.00%	$9K	-16 (-0.6%)
121	EverSource Wealth Advisors, LLC	2,863	0.00%	$8K	+406 (+16.5%)
122	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	2,289	0.00%	$7K	—
123	Frazier Financial Advisors, LLC	2,000	0.00%	$6K	—
124	Essential Partners LLC	1,097	0.00%	$3K	-2,050 (-65.1%)
125	Bell Investment Advisors, Inc	1,079	0.00%	$3K	NEW
126	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	936	0.00%	$3K	-2,679 (-74.1%)
127	Marquette Asset Management, LLC	806	0.00%	$2K	—
128	Farther Finance Advisors, LLC	736	0.00%	$2K	+482 (+189.8%)
129	ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/	666	0.00%	$2K	—
130	Quarry LP	521	0.00%	$2K	NEW
131	ROTHSCHILD INVESTMENT LLC	520	0.00%	$2K	+327 (+169.4%)
132	True Wealth Design, LLC	511	0.00%	$2K	+265 (+107.7%)
133	PNC Financial Services Group, Inc.	485	0.00%	$1K	-265 (-35.3%)
134	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	355	0.00%	$1K	—
135	IFP Advisors, Inc	327	0.00%	$968	+118 (+56.5%)
136	JONES FINANCIAL COMPANIES LLLP	304	0.00%	$885	—
137	Sterling Capital Management LLC	267	0.00%	$790	-160 (-37.5%)
138	FIFTH THIRD BANCORP	237	0.00%	$702	—
139	Parkside Financial Bank & Trust	220	0.00%	$653	NEW
140	Fortitude Family Office, LLC	188	0.00%	$556	NEW
141	WPG Advisers, LLC	147	0.00%	$435	—
142	SJS Investment Consulting Inc.	114	0.00%	$338	+60 (+111.1%)
143	CoreCap Advisors, LLC	100	0.00%	$296	—
144	Basecamp Wealth Advisors LLC	99	0.00%	$293	+28 (+39.4%)
145	TD PRIVATE CLIENT WEALTH LLC	96	0.00%	$284	—
146	IFG Advisory, LLC	83	0.00%	$246	NEW
147	GAMMA Investing LLC	81	0.00%	$240	NEW
148	Steward Partners Investment Advisory, LLC	68	0.00%	$201	—
149	Wealth Enhancement Trust Services, Inc.	57	0.00%	$169	NEW
150	North Star Investment Management Corp.	27	0.00%	$80	-182 (-87.1%)
151	Clearstead Advisors, LLC	23	0.00%	$69	NEW
152	NATIONAL BANK OF CANADA /FI/	15	0.00%	$44	NEW
153	TD Waterhouse Canada Inc.	10	0.00%	$31	NEW
154	Smartleaf Asset Management LLC	10	0.00%	$32	—
155	JPL Wealth Management, LLC	5	0.00%	$15	NEW

Exited since 2026-03-31 (17 filers; largest 17 shown)

MILLENNIUM MANAGEMENT LLC	−250,197
RICE HALL JAMES & ASSOCIATES, LLC	−219,121
State of Wyoming	−143,123
TUDOR INVESTMENT CORP ET AL	−73,598
CWM, LLC	−68,025
Diametric Capital, LP	−47,674
Headlands Technologies LLC	−18,597
Brevan Howard Capital Management LP	−17,571
HighTower Advisors, LLC	−12,823
Bare Financial Services, Inc	−715
Sapience Investments, LLC	−714
Clarity Asset Management, Inc.	−500
Root Financial Partners, LLC	−435
MAI Capital Management	−226
Wealth Preservation Advisors, LLC	−142
Sunbelt Securities, Inc.	−115
Advisory Services Network, LLC	−67

Large holders from 13D/13G (latest per reporting person, last 2 years)

Filed when a holder crosses 5% or changes materially, so often more current than the quarter-end 13F. Percentages are the filer's own, against the share count they used.

Reporting person	Form	Filed	Event	Shares	% of class
Pale Fire Capital investicni spolecnost a.s.	SCHEDULE 13D/A	2026-09-09	2026-09-04	7,176,109	8.7%
Barta Jan	SCHEDULE 13D/A	2026-09-09	2026-09-04	7,176,109	8.7%
Senkypl Dusan	SCHEDULE 13D/A	2026-09-09	2026-09-04	7,176,109	8.7%
Pale Fire Capital SICAV a.s.	SCHEDULE 13D/A	2026-09-09	2026-09-04	7,176,109	8.7%
Pale Fire Capital SE	SCHEDULE 13D/A	2026-09-09	2026-09-04	7,176,109	8.7%
Vanguard Portfolio Management	SCHEDULE 13G	2026-04-29	2026-03-31	4,773,103	5.8%
The Vanguard Group	SCHEDULE 13G/A	2026-03-26	2026-03-13	0	0%
Divisar Capital Management LLC	SCHEDULE 13G/A	2026-02-17	2025-12-31	3,776,896	4.6%
LYNROCK LAKE PARTNERS LLC	SCHEDULE 13G/A	2026-02-17	2025-12-31	9,266,666	11.4%
Lynrock Lake LP	SCHEDULE 13G/A	2026-02-17	2025-12-31	9,266,666	11.4%
Paul Cynthia	SCHEDULE 13G/A	2026-02-17	2025-12-31	9,266,666	11.4%
Divisar Partners QP, L.P.	SCHEDULE 13G/A	2026-02-17	2025-12-31	3,479,850	4.3%
Steven Baughman	SCHEDULE 13G/A	2026-02-17	2025-12-31	3,776,896	4.6%
Barclays PLC	SCHEDULE 13G	2026-02-11	2025-12-31	4,780,762	5.88%
BlackRock, Inc.	SCHEDULE 13G/A	2025-10-17	2025-09-30	4,702,069	5.8%

Source: SEC Form 13F-HR information tables for the quarter ending 2026-06-30 (filed within 45 days of quarter end; amendments applied; values normalised to dollars), the share count from the company's latest 10-K/10-Q XBRL cover page, and Schedule 13D/13G filings. Each row is a legal 13F filer as filed — related entities (e.g. Vanguard's advisers) are not merged. Retail brokerage accounts are not reported on 13F, so the remainder is mostly retail and insiders.