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 ($41.3m this quarter). Holder counts are more reliable. Shares outstanding: 110.4m as of 2025-07-28, 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 ≈ $77.98. Options: 20 managers hold calls ($108.6m notional), 17 hold puts ($42.5m).
Trends to Q2 2025
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 |
| Q3 2024 | 418 |
| Q4 2024 | 427 |
| Q1 2025 | 417 |
| Q2 2025 | 443 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 190 | 146 |
| Q4 2023 | 180 | 181 |
| Q1 2024 | 184 | 185 |
| Q2 2024 | 169 | 185 |
| Q3 2024 | 222 | 194 |
| Q4 2024 | 212 | 173 |
| Q1 2025 | 186 | 203 |
| Q2 2025 | 224 | 187 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $227.0m | $107.4m | 0.47 |
| Q4 2024 | $207.3m | $97.2m | 0.47 |
| Q1 2025 | $120.6m | $74.6m | 0.62 |
| Q2 2025 | $108.6m | $42.5m | 0.39 |
Biggest buyers
| CITADEL ADVISORS LLC | Added | +1.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +966.2k |
| 140 Summer Partners LP | New | +781.0k |
| ROYAL BANK OF CANADA | Added | +686.4k |
| NORGES BANK | Added | +506.7k |
| DIMENSIONAL FUND ADVISORS LP | Added | +394.2k |
| UBS Group AG | Added | +344.9k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +334.3k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +280.9k |
| FMR LLC | Added | +277.8k |
Biggest sellers
| Thrivent Financial for Lutherans | Reduced | -2.2m |
| Hood River Capital Management LLC | Reduced | -784.3k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -586.0k |
| JANUS HENDERSON GROUP PLC | Reduced | -571.8k |
| MORGAN STANLEY | Reduced | -558.8k |
| Driehaus Capital Management LLC | Sold out | -513.2k |
| STATE STREET CORP | Reduced | -314.6k |
| Invesco Ltd. | Reduced | -257.8k |
| ARIEL INVESTMENTS, LLC | Reduced | -244.2k |
| Holocene Advisors, LP | Reduced | -199.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $36.5m467.5k shares |
| Twin Tree Management, LP | Reduced | $17.1m219.2k shares |
| GROUP ONE TRADING LLC | Added | $9.0m116.0k shares |
| JANE STREET GROUP, LLC | Reduced | $8.8m113.4k shares |
| IMC-Chicago, LLC | Reduced | $8.5m108.9k shares |
| CITADEL ADVISORS LLC | Reduced | $6.8m86.6k shares |
| WOLVERINE TRADING, LLC | New | $5.9m75.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.0m38.1k shares |
| Walleye Trading LLC | Reduced | $2.7m34.5k shares |
| Caption Management, LLC | New | $2.3m30.0k shares |
Biggest puts
| CITIGROUP INC | Unchanged | $8.8m113.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $7.7m98.6k shares |
| JANE STREET GROUP, LLC | Reduced | $4.5m57.7k shares |
| IMC-Chicago, LLC | Added | $4.1m52.0k shares |
| CITADEL ADVISORS LLC | Reduced | $3.2m41.4k shares |
| Twin Tree Management, LP | Reduced | $2.9m37.4k shares |
| GROUP ONE TRADING LLC | Reduced | $2.7m34.1k shares |
| WOLVERINE TRADING, LLC | New | $1.6m20.9k shares |
| D. E. Shaw & Co., Inc. | New | $1.6m20.2k shares |
| Walleye Trading LLC | Added | $1.6m20.2k 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 2025
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 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 1 | $301.1k | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 1 | $192.4k | — |
| Q3 2024 | 0 | — | 5 | $3.0m | — |
| Q4 2024 | 0 | — | 1 | $94.4k | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 10.7m $835.4m | Reduced -14.2k |
| VANGUARD GROUP INC 0.01% of their portfolio | 10.6m $829.5m | Reduced -40.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.06% of their portfolio | 6.3m $492.5m | Added +966.2k |
| Invesco Ltd. 0.08% of their portfolio | 5.8m $453.7m | Reduced -257.8k |
| STATE STREET CORP 0.01% of their portfolio | 4.6m $360.0m | Reduced -314.6k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 1.15% of their portfolio | 4.4m $341.6m | Reduced -5.5k |
| T. Rowe Price Investment Management, Inc. 0.18% of their portfolio | 3.7m $291.0m | Added +127.4k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 3.6m $282.0m | Added +394.2k |
| FMR LLC 0.01% of their portfolio | 3.0m $234.6m | Added +277.8k |
| Davis Asset Management, L.P. 7.59% of their portfolio | 2.5m $194.9m | Unchanged |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.48% of their portfolio | 2.3m $180.4m | Added +20.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 2.3m $175.6m | Added +280.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.0m $158.8m | Added +104.2k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 1.44% of their portfolio | 2.0m $153.7m | Added +62.2k |
| JANUS HENDERSON GROUP PLC 0.07% of their portfolio | 1.8m $139.2m | Reduced -571.8k |
| NORGES BANK 0.02% of their portfolio | 1.8m $137.3m | Added +506.7k |
| CITADEL ADVISORS LLC 0.10% of their portfolio | 1.5m $116.9m | Added +1.3m |
| Smead Capital Management, Inc. 2.24% of their portfolio | 1.4m $111.9m | Added +231.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 937.9k $73.1m | Reduced -26.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 934.2k $72.8m | Reduced -34.0k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 925.8k $72.2m | Added +10.9k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 870.9k $67.9m | Added +686.4k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 868.7k $67.7m | Added +58.7k |
| UBS Group AG 0.01% of their portfolio | 856.7k $66.8m | Added +344.9k |
| MORGAN STANLEY 0.00% of their portfolio | 801.2k $62.5m | Reduced -558.8k |
| 140 Summer Partners LP 7.88% of their portfolio | 781.0k $60.9m | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.06% of their portfolio | 767.1k $59.8m | Reduced -586.0k |
| CINCINNATI INSURANCE CO 0.95% of their portfolio | 725.0k $56.5m | Unchanged |
| Hood River Capital Management LLC 0.63% of their portfolio | 582.7k $45.4m | Reduced -784.3k |
| Nuveen, LLC 0.01% of their portfolio | 581.0k $45.3m | Reduced -11.1k |
| FJ Capital Management LLC 4.54% of their portfolio | 549.1k $42.8m | Added +106.6k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 483.3k $37.7m | Added +7.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 459.4k $35.8m | Added +111.9k |
| LOOMIS SAYLES & CO L P 0.04% of their portfolio | 438.5k $34.2m | Added +14.0k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 412.4k $32.2m | Reduced -2.2k |
| Stieven Capital Advisors, L.P. 6.17% of their portfolio | 405.7k $31.6m | Reduced -9.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 394.8k $30.8m | Reduced -103.9k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 355.3k $27.7m | Reduced -159.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 354.3k $27.6m | Added +334.3k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 350.9k $27.4m | Added +3.0k |
| Generate Investment Management Ltd 1.38% of their portfolio | 319.4k $24.9m | Added +28.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 307.5k $24.0m | Reduced -135.6k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 304.5k $23.7m | Reduced -274 |
| Glenmede Investment Management, LP 0.11% of their portfolio | 290.9k $22.7m | First filing |
| Global Frontier Investments LLC 5.30% of their portfolio | 285.0k $22.2m | First filing |
| NATIXIS ADVISORS, LLC 0.04% of their portfolio | 283.7k $22.1m | Reduced -47.4k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.05% of their portfolio | 265.6k $20.7m | Reduced -4.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 261.8k $20.4m | Reduced -4.3k |
| ARIEL INVESTMENTS, LLC 0.23% of their portfolio | 259.4k $20.2m | Reduced -244.2k |
| M&G PLC 0.11% of their portfolio | 256.7k $20.0m | Added +17.6k |
| MACQUARIE GROUP LTD 0.02% of their portfolio | 249.0k $19.4m | Reduced -57.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 247.3k $19.3m | Reduced -3.5k |
| Point72 Asset Management, L.P. 0.05% of their portfolio | 245.7k $19.2m | New |
| Rockefeller Capital Management L.P. 0.02% of their portfolio | 243.5k $19.0m | Added +33.5k |
| WESTWOOD HOLDINGS GROUP INC 0.14% of their portfolio | 242.2k $18.9m | Reduced -15.0k |
| Lighthouse Investment Partners, LLC 0.81% of their portfolio | 238.0k $18.6m | Reduced -12.1k |
| WCM INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 234.8k $18.2m | Added +12.1k |
| Cercano Management LLC 0.50% of their portfolio | 223.3k $17.4m | New |
| Tidal Investments LLC 0.11% of their portfolio | 214.4k $16.7m | Added +31.3k |
| DNB Asset Management AS 0.07% of their portfolio | 206.3k $16.1m | Added +186 |
| MALTESE CAPITAL MANAGEMENT LLC 2.20% of their portfolio | 201.0k $15.7m | Added +16.5k |
| Swiss National Bank 0.01% of their portfolio | 200.4k $15.6m | Reduced -2.1k |
| BARCLAYS PLC 0.01% of their portfolio | 192.6k $15.0m | Added +33.4k |
| California Public Employees Retirement System 0.01% of their portfolio | 192.2k $15.0m | Added +9.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 192.1k $15.0m | Added +7.1k |
| Stanley Capital Management, LLC 2.52% of their portfolio | 192.0k $15.0m | Reduced -96.0k |
| CONGRESS ASSET MANAGEMENT CO 0.10% of their portfolio | 188.1k $14.7m | Added +16.6k |
| Legal & General Group Plc 0.00% of their portfolio | 174.8k $13.6m | Added +7.9k |
| CITIGROUP INC 0.01% of their portfolio | 163.7k $12.8m | Added +4.0k |
| THORNBURG INVESTMENT MANAGEMENT INC 0.15% of their portfolio | 154.5k $12.0m | Reduced -13.1k |
| GREAT LAKES ADVISORS, LLC 0.10% of their portfolio | 153.4k $12.0m | Reduced -16.6k |
| Rafferty Asset Management, LLC 0.04% of their portfolio | 150.9k $11.8m | Reduced -11.5k |
| ROYCE & ASSOCIATES LP 0.11% of their portfolio | 141.4k $11.0m | Reduced -20.0k |
| Susquehanna Portfolio Strategies, LLC 0.24% of their portfolio | 140.0k $10.9m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 133.5k $10.4m | Added +21.6k |
| Retirement Systems of Alabama 0.04% of their portfolio | 133.2k $10.4m | Added +478 |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. 0.52% of their portfolio | 133.2k $10.4m | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 129.9k $10.1m | Reduced -4.4k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 128.5k $10.0m | Reduced -7.1k |
| Quantbot Technologies LP 0.26% of their portfolio | 127.8k $10.0m | New |
| Focus Partners Wealth 0.02% of their portfolio | 118.4k $9.2m | Added +19.4k |
| 683 Capital Management, LLC 0.93% of their portfolio | 117.5k $9.2m | Added +7.5k |
| South Dakota Investment Council 0.18% of their portfolio | 117.3k $9.1m | Added +16.0k |
| Rhino Investment Partners, Inc 2.27% of their portfolio | 106.3k $8.3m | Reduced -13.9k |
| Holocene Advisors, LP 0.02% of their portfolio | 101.6k $7.9m | Reduced -199.5k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 101.5k $7.9m | Added +23.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 99.8k $7.8m | Unchanged |
| LHM, INC. 2.55% of their portfolio | 98.8k $7.7m | Unchanged |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 95.6k $7.5m | Added +510 |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 93.7k $7.3m | Added +104 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 92.5k $7.2m | Added +12.4k |
| Gator Capital Management, LLC 2.22% of their portfolio | 91.5k $7.1m | Added +496 |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 89.9k $7.1m | Added +102 |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 87.2k $6.8m | Reduced -2.3k |
| Petiole USA ltd 4.68% of their portfolio | 84.8k $6.6m | Unchanged |
| STRS OHIO 0.02% of their portfolio | 83.7k $6.5m | Reduced -7.9k |
| Miller Value Partners, LLC 2.76% of their portfolio | 83.5k $6.5m | Unchanged |
| Nicholas Investment Partners, LP 0.57% of their portfolio | 82.5k $6.4m | Reduced -89.8k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 82.0k $6.4m | Reduced -18.8k |
| NEXT CENTURY GROWTH INVESTORS LLC 0.48% of their portfolio | 80.1k $6.2m | Reduced -59.7k |