Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Western Alliance Bancorp (WAL)

441 + Investors. Track Smart Money conviction in WAL. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +5
Streak
1Q ▲
Buyers last Q
51%

Smart Money Signals — WAL

Based on 445 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added WAL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
445 hedge funds hold WAL right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +7% more funds vs a year ago

fund count last 6Q
+29 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 51% buying

239 buying230 selling
Last quarter: 239 funds bought or added vs 230 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+12 vs last Q)

new funds entering per quarter
Funds opening a new WAL position: 73 → 58 → 72 → 84. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 22% medium ■ 17% new
272 out of 445 hedge funds have held WAL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -3%, value -20%

Value
-19%
Shares
-2%
Last quarter: funds added -3% more shares while total portfolio value only changed -20%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

53 → 73 → 58 → 72 → 84 new funds/Q
New funds entering each quarter: 73 → 58 → 72 → 84. A growing number of institutions are discovering WAL each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 68% veterans vs 20% newcomers

■ 68% veterans ■ 12% 1-2yr ■ 20% new
Entry-cohort mix of 462 holders: 313 (68%) are 2+ year veterans, 57 entered 1–2 years ago, and 92 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 63% AUM from top-100 funds

63% from top-100 AUM funds
55 of 443 holders are among the 100 largest funds by AUM, controlling 63% of total institutional value in WAL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — WAL

In 2026 Q1, 239 hedge funds were net buyers of WAL (84 opened a new position, 155 added to an existing one), while 230 reduced or exited (151 trimmed, 79 sold completely) — a 51% buyer ratio, indicating a slight buying edge. 63% of total institutional value in WAL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +5 funds (more new holders than closures). Total institutional holders: 445.

Hedge Fund Ownership: WAL

How many hedge funds hold WAL — quarterly history vs. share price
Quarterly hedge fund ownership of WAL vs. share price

Market Analysis: WAL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: WAL

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Western Alliance Bancorp (WAL) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much WAL has moved relative to its sector benchmark (XLF) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 46d ago
WAL
+0.1%
XLF
+8.5%

WAL outperformed XLF by -8.4% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 1d ago
WAL
+0.0%
XLF
+0.0%

Since the filing became public, WAL outperformed XLF by +0.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

34 top-rated funds 4 high-conviction
Consensus
6.7
/ 10
breadth
×
Elite
3.1
/ 10
conviction
Hedge Fund Positioning: WAL
2026 Q2 Stats Unlock in 4 days 441 + Investors

Track Smart Money conviction in WAL. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 441 439 0.46%
13F Shares 91M 94M -3.25%
Total Value $5.72B $7.13B -19.82%
New Positions 82 72 +10
Increased Positions 152 144 +8
Closed Positions 80 76 +4
Reduced Positions 143 154 -11
Total Calls 9 13 -30.77%
Total Puts 9 12 -25.0%
PUT/CALL Ratio 1.0 0.92 Neutral

Statistics: WAL

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
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Income Statement & Cash Flow
Revenue (ttm) --
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Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q2)

441 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in WAL. Verified SEC 13F-HR filings.

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 WAL holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Davis Asset Management, L.P. 6.94% 3,336,000 $274.2M
2 Stieven Capital Advisors, L.P. 5.91% 376,885 $31.0M
3 Strategic Value Bank Partners LLC 4.06% 70,602 $5.8M
4 Petiole USA ltd 3.89% 65,838 $5.4M
5 Smead Capital Management, Inc. 2.81% 1,594,678 $131.1M
6 Lhm, INC. 2.18% 77,910 $6.4M
7 Stanley Capital Management, LLC 2.09% 192,000 $15.8M
8 Gator Capital Management, LLC 1.99% 115,630 $9.5M
9 Black Maple Capital Management LP 1.68% 36,079 $3.0M
10 Salzhauer Michael 1.54% 54,721 $4.5M
11 S&G Foundation 1.44% 375,638 $30.9M
12 CSU Producer Resources, Inc. 1.22% 4,490 $369K
13 Compound Global Advisors, LLC 1.01% 500 $41K
14 Cincinnati Insurance Co 0.86% 725,000 $59.6M
15 Miller Value Partners, LLC 0.81% 41,755 $3.4M
16 683 Capital Management, LLC 0.81% 200,000 $16.4M
17 Longaeva Partners L.P. 0.65% 359,912 $29.6M
18 Barrow Hanley Mewhinney & Strauss LLC 0.53% 2,120,791 $174.3M
19 Basswood Capital Management, L.L.C. 0.44% 133,164 $10.9M
20 TriaGen Wealth Management LLC 0.41% 20,034 $1.6M
21 Generate Investment Management Ltd 0.41% 120,000 $9.9M
22 Lodestone Wealth Management LLC 0.39% 13,364 $1.1M
23 Hamilton Capital Partners Inc. 0.36% 14,364 $856K
24 Yorktown Management & Research Co Inc 0.36% 7,200 $592K
25 Elevated Private Wealth, LLC 0.34% 4,332 $356K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Western Alliance Bancorp (WAL)

What does the Smart Money Trend signal show for WAL?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added WAL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for WAL?

Slight buying edge — 51% buying: Last quarter: 239 funds bought or added vs 230 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for WAL holders?

Elite ownership — 63% AUM from top-100 funds: 55 of 443 holders are among the 100 largest funds by AUM, controlling 63% of total institutional value in WAL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held WAL?

61% of holders stayed for 2+ years: 272 out of 445 hedge funds have held WAL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Western Alliance Bancorp (WAL) following the 2026 Q2 hedge fund 13F filings?

As of today, WAL has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the XLF sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), WAL has gained +0.1% vs +8.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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