WESTERN ALLIANCE BANCORP WAL
COM · Common Stock · CUSIP 957638109 · ISIN US9576381092
Banking products provider
- SectorFinancials
- IndustryState Commercial Banks
- HeadquartersPhoenix, AZ
- Websitewesternalliancebancorporation.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($28.0m this quarter). Holder counts are more reliable. Shares outstanding: 110.1m as of 2024-07-26, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $62.83. Options: 22 managers hold calls ($181.0m notional), 22 hold puts ($119.1m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 367 |
| Q4 2022 | 379 |
| Q1 2023 | 331 |
| Q2 2023 | 322 |
| Q3 2023 | 339 |
| Q4 2023 | 376 |
| Q1 2024 | 386 |
| Q2 2024 | 379 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 191 | 176 |
| Q1 2023 | 179 | 236 |
| Q2 2023 | 193 | 171 |
| Q3 2023 | 190 | 146 |
| Q4 2023 | 180 | 181 |
| Q1 2024 | 184 | 185 |
| Q2 2024 | 169 | 185 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $153.2m | $148.2m | 0.97 |
| Q4 2023 | $226.6m | $140.3m | 0.62 |
| Q1 2024 | $142.7m | $146.6m | 1.03 |
| Q2 2024 | $181.0m | $119.1m | 0.66 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +726.3k |
| DIMENSIONAL FUND ADVISORS LP | Added | +636.6k |
| MACQUARIE GROUP LTD | New | +392.3k |
| Alyeska Investment Group, L.P. | Added | +340.8k |
| D. E. Shaw & Co., Inc. | Added | +326.3k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | New | +272.7k |
| Nuveen Asset Management, LLC | Added | +239.8k |
| JENNISON ASSOCIATES LLC | Added | +235.7k |
| Rhino Investment Partners, Inc | New | +232.4k |
| JANUS HENDERSON GROUP PLC | Added | +204.1k |
Biggest sellers
| MORGAN STANLEY | Reduced | -2.9m |
| Hood River Capital Management LLC | Reduced | -1.1m |
| Balyasny Asset Management L.P. | Reduced | -1.1m |
| CITADEL ADVISORS LLC | Reduced | -381.0k |
| STATE STREET CORP | Reduced | -291.5k |
| Invesco Ltd. | Reduced | -287.5k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | Sold out | -176.0k |
| NEUBERGER BERMAN GROUP LLC | Reduced | -169.4k |
| Thrivent Financial for Lutherans | Reduced | -151.2k |
| Qube Research & Technologies Ltd | Reduced | -148.6k |
Biggest calls
| Twin Tree Management, LP | New | $62.8m999.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $35.7m567.5k shares |
| CITADEL ADVISORS LLC | Added | $15.9m253.6k shares |
| IMC-Chicago, LLC | Added | $14.3m227.8k shares |
| GROUP ONE TRADING LLC | Reduced | $12.3m195.9k shares |
| JANE STREET GROUP, LLC | Reduced | $9.0m143.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $8.9m142.2k shares |
| PEAK6 Investments LLC | Reduced | $2.8m44.5k shares |
| WOLVERINE TRADING, LLC | Added | $2.7m43.1k shares |
| Walleye Trading LLC | Added | $2.5m39.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $25.3m402.9k shares |
| CITADEL ADVISORS LLC | Reduced | $17.7m282.3k shares |
| Walleye Capital LLC | Added | $11.7m185.6k shares |
| Twin Tree Management, LP | New | $11.0m174.4k shares |
| IMC-Chicago, LLC | Reduced | $9.9m157.6k shares |
| GROUP ONE TRADING LLC | Reduced | $9.4m149.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $7.9m126.1k shares |
| Walleye Trading LLC | Added | $5.4m85.5k shares |
| Optiver Holding B.V. | Added | $3.8m60.9k shares |
| WOLVERINE TRADING, LLC | Reduced | $3.6m57.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| PRICE T ROWE ASSOCIATES INC /MD/ 13G · institution -1.4 pts · filed 2026-08-14 | 5.8% |
| Invesco Ltd. 13G · institution +0.7 pts · filed 2026-08-13 | 5.4% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.0% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.0% |
Fell to 5% or below in the last year: BARROW HANLEY MEWHINNEY & STRAUSS LLC (2.1%, 2026-05-13), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 1 | $352.6k | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 1 | $63.8k | 2 | $369.8k | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 1 | $301.1k | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 1 | $192.4k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-05-23 | Ardrey J. Kelly Jr. Chief Accounting Officer | Sold | $64.2k1.0k shares |
| 2024-05-22 | Ardrey J. Kelly Jr. Chief Accounting Officer | Sold | $128.2k2.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 10.6m $666.6m | Added +171.6k |
| BlackRock Inc. 0.01% of their portfolio | 5.4m $340.5m | Reduced -31.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.04% of their portfolio | 5.1m $321.1m | Reduced -157 |
| Invesco Ltd. 0.06% of their portfolio | 4.9m $305.2m | Reduced -287.5k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 3.7m $233.8m | Added +636.6k |
| T. Rowe Price Investment Management, Inc. 0.14% of their portfolio | 3.6m $223.7m | Added +73.2k |
| STATE STREET CORP 0.01% of their portfolio | 3.1m $192.8m | Reduced -291.5k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.46% of their portfolio | 2.8m $176.8m | Added +20.9k |
| Thrivent Financial for Lutherans 0.34% of their portfolio | 2.7m $169.3m | Reduced -151.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 2.5m $159.5m | Reduced -9.1k |
| Davis Asset Management, L.P. 7.05% of their portfolio | 2.5m $157.1m | Unchanged |
| JANUS HENDERSON GROUP PLC 0.06% of their portfolio | 1.8m $114.4m | Added +204.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.8m $110.6m | Added +38.9k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.95% of their portfolio | 1.6m $102.6m | Added +20.3k |
| FMR LLC 0.01% of their portfolio | 1.4m $90.8m | Added +75.1k |
| JENNISON ASSOCIATES LLC 0.06% of their portfolio | 1.4m $90.0m | Added +235.7k |
| Smead Capital Management, Inc. 1.28% of their portfolio | 1.3m $82.0m | Added +68.4k |
| 140 Summer Partners LP 8.75% of their portfolio | 1.1m $72.2m | Reduced -31.0k |
| NORGES BANK 0.01% of their portfolio | 1.1m $69.7m | Reduced -119.6k |
| CITADEL ADVISORS LLC 0.07% of their portfolio | 1.1m $66.3m | Reduced -381.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 979.3k $61.5m | Added +14.1k |
| MARSHALL WACE, LLP 0.09% of their portfolio | 961.4k $60.4m | Added +116.3k |
| Boston Partners 0.07% of their portfolio | 879.8k $55.8m | Reduced -39.2k |
| Cercano Management LLC 1.34% of their portfolio | 799.0k $50.2m | Added +169.2k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 744.2k $46.8m | Added +726.3k |
| CINCINNATI INSURANCE CO 0.75% of their portfolio | 725.0k $45.5m | Unchanged |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.18% of their portfolio | 687.6k $43.2m | Reduced -3.5k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 684.0k $43.0m | Added +34.3k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 662.5k $41.6m | Added +239.8k |
| MORGAN STANLEY 0.00% of their portfolio | 655.0k $41.1m | Reduced -2.9m |
| FJ Capital Management LLC 4.06% of their portfolio | 618.1k $38.8m | Added +27.6k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 596.3k $37.5m | Added +174.7k |
| TWO SIGMA INVESTMENTS, LP 0.09% of their portfolio | 582.0k $36.6m | Added +123.8k |
| Generate Investment Management Ltd 2.63% of their portfolio | 575.9k $36.2m | Added +74.8k |
| Hood River Capital Management LLC 0.72% of their portfolio | 555.9k $34.9m | Reduced -1.1m |
| NORTHERN TRUST CORP 0.01% of their portfolio | 550.6k $34.6m | Added +16.7k |
| Balyasny Asset Management L.P. 0.09% of their portfolio | 546.6k $34.3m | Reduced -1.1m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 523.4k $32.9m | Added +4.8k |
| Alyeska Investment Group, L.P. 0.19% of their portfolio | 516.0k $32.4m | Added +340.8k |
| Stieven Capital Advisors, L.P. 7.00% of their portfolio | 503.4k $31.6m | Reduced -7.0k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 459.0k $28.8m | Added +326.3k |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. 1.84% of their portfolio | 451.9k $28.4m | Added +84.6k |
| Driehaus Capital Management LLC 0.25% of their portfolio | 406.7k $25.5m | Reduced -14.6k |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 392.3k $24.6m | New |
| Patient Capital Management, LLC 1.28% of their portfolio | 384.7k $24.2m | Reduced -66.1k |
| ROYCE & ASSOCIATES LP 0.22% of their portfolio | 371.5k $23.3m | Reduced -10.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 370.0k $23.2m | Reduced -14.0k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 346.5k $21.8m | Reduced -8.1k |
| WESTWOOD HOLDINGS GROUP INC 0.10% of their portfolio | 326.1k $20.5m | Reduced -7.1k |
| GLENMEDE TRUST CO NA 0.10% of their portfolio | 316.7k $19.9m | Added +1.9k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 299.7k $18.8m | Reduced -110.6k |
| NATIXIS ADVISORS, LLC 0.04% of their portfolio | 291.4k $18.3m | Added +15.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 290.1k $18.2m | Added +122.5k |
| Global Frontier Investments LLC 5.31% of their portfolio | 285.0k $17.8m | Unchanged |
| STATE OF WISCONSIN INVESTMENT BOARD 0.05% of their portfolio | 277.5k $17.4m | Added +11.5k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.37% of their portfolio | 276.1k $17.3m | Reduced -16.3k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 272.7k $17.1m | New |
| Holocene Advisors, LP 0.07% of their portfolio | 270.1k $17.0m | Added +181.6k |
| WCM INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 270.0k $16.4m | Added +69.7k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 269.2k $16.9m | Added +1.1k |
| MALTESE CAPITAL MANAGEMENT LLC 3.11% of their portfolio | 268.4k $16.9m | Reduced -34.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 255.8k $16.1m | Added +32.6k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 252.7k $15.6m | Added +137.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 248.5k $15.6m | Reduced -19.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 242.9k $15.3m | Added +139.1k |
| Rhino Investment Partners, Inc 2.62% of their portfolio | 232.4k $14.6m | New |
| Rafferty Asset Management, LLC 0.05% of their portfolio | 217.8k $13.7m | Added +17.5k |
| UBS Group AG 0.00% of their portfolio | 214.0k $13.4m | Reduced -9.8k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 211.1k $13.3m | Added +294 |
| Swiss National Bank 0.01% of their portfolio | 206.0k $12.9m | Added +1.0k |
| CONGRESS ASSET MANAGEMENT CO 0.09% of their portfolio | 205.6k $12.9m | Reduced -5.9k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 205.6k $12.9m | Added +155.3k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 202.4k $12.7m | Reduced -52.6k |
| California Public Employees Retirement System 0.01% of their portfolio | 202.0k $12.7m | Added +758 |
| Focus Partners Wealth 0.04% of their portfolio | 195.0k $12.3m | Added +98.7k |
| THORNBURG INVESTMENT MANAGEMENT INC 0.15% of their portfolio | 170.6k $10.7m | Reduced -2.8k |
| DNB Asset Management AS 0.05% of their portfolio | 161.2k $10.1m | Added +1.6k |
| Stanley Capital Management, LLC 1.99% of their portfolio | 155.0k $9.7m | New |
| LPL Financial LLC 0.00% of their portfolio | 151.4k $9.5m | Reduced -19.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 150.2k $9.4m | Reduced -14.2k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 148.3k $9.3m | Added +70.5k |
| CITIGROUP INC 0.01% of their portfolio | 147.8k $9.3m | Reduced -22.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 146.1k $9.2m | Added +6.0k |
| ALGERT GLOBAL LLC 0.30% of their portfolio | 145.5k $9.1m | Added +23.0k |
| Miller Value Partners, LLC 5.70% of their portfolio | 142.1k $8.9m | Reduced -2.2k |
| 683 Capital Management, LLC 0.92% of their portfolio | 140.0k $8.8m | Reduced -60.0k |
| LOOMIS SAYLES & CO L P 0.01% of their portfolio | 138.3k $8.7m | New |
| M&G PLC 0.05% of their portfolio | 133.7k $8.4m | Added +14.7k |
| PICTON MAHONEY ASSET MANAGEMENT 0.36% of their portfolio | 133.4k $8.4m | Added +131.9k |
| Gator Capital Management, LLC 4.23% of their portfolio | 132.6k $8.3m | Added +2.8k |
| Governors Lane LP 1.29% of their portfolio | 131.9k $8.3m | Added +49.0k |
| HST Ventures, LLC 3.63% of their portfolio | 127.8k $8.0m | Added +7.1k |
| CastleKnight Management LP 1.07% of their portfolio | 126.6k $8.0m | Reduced -3.6k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.23% of their portfolio | 124.8k $7.8m | Reduced -433 |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 123.7k $7.8m | Reduced -4.9k |
| BARCLAYS PLC 0.00% of their portfolio | 120.0k $7.5m | Reduced -48.9k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 115.8k $7.3m | Reduced -148.6k |
| Engineers Gate Manager LP 0.16% of their portfolio | 113.2k $7.1m | Added +99.2k |
| BROWN BROTHERS HARRIMAN & CO 0.05% of their portfolio | 112.0k $7.0m | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 105.8k $6.6m | Added +2.3k |