WAL β€” WESTERN ALLIANCE BANCORP

Ownership history in FORMULA GROWTH LTD  Β·  4 quarters on record

This page tracks every 13F SEC filing in which FORMULA GROWTH LTD reported a position in WESTERN ALLIANCE BANCORP (WAL). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
1.56% (2024 Q4)
πŸ“Š Avg. % of fund
1.0%
πŸ“… First filed
2024 Q4
πŸ“… Last filed
2025 Q3
⏱ Quarters held
4

Position Intelligence

FORMULA GROWTH LTD Γ— WAL AI Analytics

πŸ“‰ FORMULA GROWTH LTD underperformed the S&P 500 by –11.4% annually on this WAL position. Timing score: 0% (0/3 decisions correct). Average cost basis: $81.60. Maximum drawdown during holding period: –7.6%.

πŸ“ˆ Position Alpha vs SPY
-11.4%
annualised excess return

❌ Significantly underperformed the S&P 500 by 11.4% ann.
3 quarters analyzed

⏱️ Timing Score
0%

⚠️ Poor timing β€” buys often preceded drops, trims preceded rallies.
0 of 3 add/trim decisions correct

πŸ’° Entry Quality
$81.60
+5.2% vs current ($85.87)

Best entry: $81.60 (2024 Q4)  Β·  Worst: $81.60 (2024 Q4)

πŸ›‘οΈ Drawdown Resilience
–7.6%
max drawdown while held

πŸ’Ž No drawdown exceeding 20% during the holding period β€” exceptionally stable.

πŸ’ͺ Fund Conviction
25%
buy-side decisions

1 add Β· 3 trims. Bought during 0 of 1 down-price quarters. πŸ“‰ Predominantly trimming β€” distribution phase.

πŸ“‘ Position Trajectory
↓ Shrinking
last 4–5 quarters trend

πŸ“‰ Portfolio weight has been declining in recent quarters. Possible distribution phase.
Currently 0.43% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    WAL price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 4 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q3 REDUCED 13,933 -10,331 -42.6% 0.43% $1.2M $85.87
2025 Q2 REDUCED 24,264 -17,909 -42.5% 0.71% $1.9M $76.87
2025 Q1 REDUCED 42,173 -13,000 -23.6% 1.31% $3.2M $75.38
2024 Q4 INITIATED 55,173 β€” β€” 1.56% $4.6M $81.60

🏒 Other funds also holding WAL

As of 2025 Q4 β€” sorted by position size

Davis Asset Management, L.P. 3Y 7.53% Black Maple Capital Management LP 3Y 7Y 6.52% Stieven Capital Advisors, L.P. 3Y 7Y 6.2% Petiole USA ltd 3Y 4.42% FJ Capital Management LLC 3Y 7Y 4.02% LHM, INC. 3.41% Smead Capital Management, Inc. 3Y 7Y 2.72% Stanley Capital Management, LLC 3Y 7Y 2.7% Compound Global Advisors, LLC 3Y 2.41% Gator Capital Management, LLC 3Y 7Y 2.2%
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