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 ($22.9m this quarter). Holder counts are more reliable. Shares outstanding: 109.1m as of 2026-07-28, 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 ≈ $82.11. Options: 13 managers hold calls ($70.8m notional), 15 hold puts ($65.2m).
Trends to Q2 2026
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 |
| Q3 2025 | 443 |
| Q4 2025 | 443 |
| Q1 2026 | 451 |
| Q2 2026 | 497 |
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 2024 | 222 | 194 |
| Q4 2024 | 212 | 173 |
| Q1 2025 | 186 | 203 |
| Q2 2025 | 224 | 187 |
| Q3 2025 | 202 | 194 |
| Q4 2025 | 197 | 222 |
| Q1 2026 | 231 | 212 |
| Q2 2026 | 283 | 183 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $128.8m | $47.7m | 0.37 |
| Q4 2025 | $84.0m | $88.1m | 1.05 |
| Q1 2026 | $47.0m | $54.2m | 1.15 |
| Q2 2026 | $70.8m | $65.2m | 0.92 |
Biggest buyers
| AQR CAPITAL MANAGEMENT LLC | Added | +4.2m |
| BANK OF AMERICA CORP /DE/ | Added | +892.7k |
| Invesco Ltd. | Added | +652.1k |
| D. E. Shaw & Co., Inc. | Added | +395.8k |
| Longaeva Partners L.P. | New | +359.9k |
| AMERIPRISE FINANCIAL INC | Added | +350.0k |
| BlackRock, Inc. | Added | +297.6k |
| GOLDMAN SACHS GROUP INC | Added | +286.7k |
| Davis Asset Management, L.P. | Added | +253.0k |
| Smead Capital Management, Inc. | Added | +239.1k |
Biggest sellers
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -1.5m |
| JANE STREET GROUP, LLC | Reduced | -522.6k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -373.4k |
| ALLIANCEBERNSTEIN L.P. | Reduced | -338.2k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -311.6k |
| TUDOR INVESTMENT CORP ET AL | Reduced | -303.4k |
| Global Frontier Investments LLC | Reduced | -285.0k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | Reduced | -242.1k |
| Squarepoint Ops LLC | Reduced | -226.8k |
| GLENMEDE TRUST CO NA | Sold out | -168.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $17.6m214.4k shares |
| IMC-Chicago, LLC | Added | $11.0m134.3k shares |
| Optiver Holding B.V. | Added | $10.9m132.2k shares |
| CITADEL ADVISORS LLC | Added | $9.8m119.6k shares |
| JANE STREET GROUP, LLC | Added | $6.9m84.5k shares |
| BARCLAYS PLC | Unchanged | $4.1m50.0k shares |
| SIMPLEX TRADING, LLC | Added | $3.7m45.5k shares |
| Walleye Capital LLC | Added | $2.5m30.5k shares |
| Twin Tree Management, LP | New | $1.6m18.9k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $1.1m13.9k shares |
Biggest puts
| MILLENNIUM MANAGEMENT LLC | New | $22.2m270.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $10.0m121.4k shares |
| IMC-Chicago, LLC | Added | $5.8m70.5k shares |
| CITADEL ADVISORS LLC | Added | $4.7m57.7k shares |
| Optiver Holding B.V. | Reduced | $4.7m57.7k shares |
| BARCLAYS PLC | Unchanged | $4.1m50.0k shares |
| TUDOR INVESTMENT CORP ET AL | Reduced | $3.2m39.5k shares |
| Parallax Volatility Advisers, L.P. | Unchanged | $3.2m38.6k shares |
| Walleye Trading LLC | Added | $1.8m22.4k shares |
| PEAK6 LLC | Reduced | $1.8m22.2k 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 since 1 Apr 2026
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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 1 | $94.4k | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 1 | $209.8k | — |
| Q4 2025 | 1 | $308.0k | 1 | $2.0m | — |
| Q1 2026 | 0 | — | 1 | $61.3k | — |
| Q2 2026 | 0 | — | 2 | $3.8m | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-06-09 | GIBBONS DALE Vice Chair and CBO, Deposits | Sold | $3.3m40.0k shares |
| 2026-06-08 | Mucha Ben Chief Accounting Officer | Sold | $481.6k5.9k 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 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 11.3m $926.9m | Added +297.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 6.3m $518.9m | Reduced -1.5m |
| Invesco Ltd. 0.04% of their portfolio | 5.9m $482.6m | Added +652.1k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.02% of their portfolio | 5.4m $447.2m | Added +228.9k |
| AQR CAPITAL MANAGEMENT LLC 0.15% of their portfolio | 5.2m $423.0m | Added +4.2m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 4.7m $384.1m | Added +22.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.06% of their portfolio | 4.4m $360.8m | Reduced -311.6k |
| STATE STREET CORP 0.01% of their portfolio | 4.3m $351.1m | Added +70.6k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 4.0m $330.8m | Added +210.2k |
| Davis Asset Management, L.P. 6.95% of their portfolio | 3.3m $274.2m | Added +253.0k |
| FMR LLC 0.01% of their portfolio | 2.4m $195.1m | Reduced -3.9k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.53% of their portfolio | 2.1m $174.3m | Reduced -242.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.1m $173.7m | Reduced -2.5k |
| BANK OF MONTREAL /CAN/ 0.05% of their portfolio | 1.8m $149.2m | Reduced -54.0k |
| T. Rowe Price Investment Management, Inc. 0.09% of their portfolio | 1.6m $132.1m | Reduced -99.3k |
| Smead Capital Management, Inc. 2.81% of their portfolio | 1.6m $131.1m | Added +239.1k |
| NORGES BANK 0.01% of their portfolio | 1.5m $119.9m | Not comparable |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 1.2m $102.1m | Added +350.0k |
| Jupiter Topco LLC 0.04% of their portfolio | 1.2m $102.0m | First filing |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.2m $97.0m | Added +892.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 986.6k $81.1m | Added +2.4k |
| MORGAN STANLEY 0.00% of their portfolio | 943.3k $77.5m | Added +26.4k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 891.1k $73.2m | Added +7.1k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 883.5k $72.6m | Reduced -36.3k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 748.8k $61.6m | Added +286.7k |
| CINCINNATI INSURANCE CO 0.86% of their portfolio | 725.0k $59.6m | Unchanged |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 710.6k $58.4m | Added +16.8k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 693.5k $57.0m | Reduced -99.7k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 670.1k $47.5m | Reduced -338.2k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 651.9k $53.6m | Added +7.4k |
| Nuveen, LLC 0.01% of their portfolio | 546.5k $44.9m | Reduced -84.4k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 531.5k $43.7m | Reduced -7.4k |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 525.6k $43.2m | Added +395.8k |
| UBS Group AG 0.01% of their portfolio | 505.1k $41.5m | Added +71.3k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 463.1k $38.1m | Added +92.7k |
| Bridgewater Associates, LP 0.14% of their portfolio | 401.7k $33.0m | Added +210.9k |
| Stieven Capital Advisors, L.P. 5.91% of their portfolio | 376.9k $31.0m | Reduced -16.6k |
| S&G Foundation 1.44% of their portfolio | 375.6k $30.9m | Unchanged |
| Quantinno Capital Management LP 0.04% of their portfolio | 373.3k $30.7m | Added +124.2k |
| Longaeva Partners L.P. 0.85% of their portfolio | 359.9k $29.6m | New |
| ALGERT GLOBAL LLC 0.33% of their portfolio | 336.1k $27.6m | Added +44.0k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 310.7k $25.5m | Added +12.2k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 309.5k $25.4m | Reduced -373.4k |
| LOOMIS SAYLES & CO L P 0.03% of their portfolio | 296.2k $24.3m | Reduced -52.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 294.0k $24.2m | Added +718 |
| HRT FINANCIAL LP 0.06% of their portfolio | 292.2k $24.0m | Added +24.4k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 291.8k $24.0m | Added +71.2k |
| Global Frontier Investments LLC 4.03% of their portfolio | 285.0k $23.4m | Reduced -285.0k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.08% of their portfolio | 283.7k $23.3m | Added +234.8k |
| BARCLAYS PLC 0.01% of their portfolio | 270.5k $22.2m | Added +50.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 259.5k $21.9m | Added +55.8k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.04% of their portfolio | 245.3k $20.2m | Reduced -143 |
| Man Group plc 0.04% of their portfolio | 241.2k $19.8m | Added +80.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 232.3k $19.1m | Added +2.2k |
| IEQ CAPITAL, LLC 0.08% of their portfolio | 221.5k $18.2m | Added +155.8k |
| DNB Asset Management AS 0.05% of their portfolio | 216.5k $17.8m | Reduced -2.9k |
| Swiss National Bank 0.01% of their portfolio | 209.5k $17.2m | Added +2.8k |
| California Public Employees Retirement System 0.01% of their portfolio | 204.4k $16.8m | Reduced -2.8k |
| Mariner, LLC 0.02% of their portfolio | 203.7k $16.7m | Added +162.8k |
| 683 Capital Management, LLC 1.51% of their portfolio | 200.0k $16.4m | Reduced -25.0k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 199.7k $16.4m | Reduced -52.7k |
| Jump Financial, LLC 0.14% of their portfolio | 194.3k $16.0m | Added +116.0k |
| Squarepoint Ops LLC 0.03% of their portfolio | 194.1k $16.0m | Reduced -226.8k |
| Focus Partners Wealth 0.02% of their portfolio | 192.2k $15.8m | Added +10.3k |
| Stanley Capital Management, LLC 2.09% of their portfolio | 192.0k $15.8m | Unchanged |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 185.8k $15.3m | Added +116.9k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.12% of their portfolio | 162.7k $13.4m | Added +920 |
| Balyasny Asset Management L.P. 0.02% of their portfolio | 156.7k $12.9m | Added +150.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 155.2k $12.8m | Reduced -28.4k |
| Legal & General Group Plc 0.00% of their portfolio | 135.9k $11.2m | Added +1.0k |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. 0.47% of their portfolio | 133.2k $10.9m | Unchanged |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio | 130.0k $10.7m | Reduced -20.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 121.0k $9.9m | Reduced -3.4k |
| Generate Investment Management Ltd 0.41% of their portfolio | 120.0k $9.9m | New |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 115.8k $9.5m | Reduced -522.6k |
| Gator Capital Management, LLC 2.05% of their portfolio | 115.6k $9.5m | Reduced -37.1k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 113.6k $9.3m | Added +65.2k |
| Cerity Partners LLC 0.01% of their portfolio | 111.6k $9.2m | Added +92.5k |
| BW Gestao de Investimentos Ltda. 0.22% of their portfolio | 110.0k $9.0m | New |
| CITIGROUP INC 0.00% of their portfolio | 109.3k $9.0m | Added +20.4k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.01% of their portfolio | 107.0k $8.8m | Added +9.6k |
| Tidal Investments LLC 0.02% of their portfolio | 106.4k $8.7m | Added +31.1k |
| Retirement Systems of Alabama 0.03% of their portfolio | 105.9k $8.7m | Reduced -20.0k |
| South Dakota Investment Council 0.15% of their portfolio | 103.5k $8.5m | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 100.8k $8.3m | Added +12.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 99.8k $8.2m | Added +49.3k |
| LPL Financial LLC 0.00% of their portfolio | 99.5k $8.2m | Added +4.7k |
| Creative Planning 0.00% of their portfolio | 95.7k $7.9m | Added +64.7k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 95.0k $7.8m | New |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 93.9k $7.7m | Added +24.2k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio | 93.1k $6.3m | Added +78.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 90.9k $7.5m | Reduced -3.0k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 90.1k $7.4m | Reduced -2.8k |
| MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio | 89.6k $7.4m | Added +68.6k |
| TUDOR INVESTMENT CORP ET AL 0.03% of their portfolio | 86.7k $7.1m | Reduced -303.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 83.1k $6.8m | Added +5.6k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 83.0k $6.8m | Added +6.4k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 81.1k $6.7m | Reduced -7.2k |
| Entropy Technologies, LP 0.26% of their portfolio | 79.2k $6.5m | Added +56.0k |
| LHM, INC. 2.18% of their portfolio | 77.9k $6.4m | Reduced -20.8k |