WAL β€” WESTERN ALLIANCE BANCORP

Ownership history in PRINCIPAL SECURITIES, INC.  Β·  8 quarters on record

This page tracks every 13F SEC filing in which PRINCIPAL SECURITIES, INC. 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.

Position Intelligence

PRINCIPAL SECURITIES, INC. Γ— WAL AI Analytics

πŸ“ˆ PRINCIPAL SECURITIES, INC. outperformed the S&P 500 by +8.4% annually on this WAL position. Timing score: 20% (1/5 decisions correct). Average cost basis: $81.94. Maximum drawdown during holding period: –10.4%.

πŸ“ˆ Position Alpha vs SPY
+8.4%
annualised excess return

πŸ”₯ Exceptional β€” beat the S&P 500 by 8.4% per year on this position.
6 quarters analyzed

⏱️ Timing Score
20%

⚠️ Poor timing β€” buys often preceded drops, trims preceded rallies.
1 of 5 add/trim decisions correct

πŸ’° Entry Quality
$81.94
+4.8% vs current ($85.87)

Best entry: $81.60 (2024 Q4)  Β·  Worst: $85.87 (2025 Q3)

πŸ›‘οΈ Drawdown Resilience
–10.4%
max drawdown while held

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

πŸ’ͺ Fund Conviction
57%
buy-side decisions

4 adds Β· 3 trims. Bought during 1 of 3 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.0% 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 8 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q3 ADDED 649 +14 +2.2% 0.00% $56K $85.87
2025 Q2 REDUCED 635 -44 -6.5% 0.00% $50K $76.87
2025 Q1 UNCHANGED 679 β€” 0% 0.00% $57K $75.38
2024 Q4 ADDED 679 +524 +338.1% 0.00% $57K $81.60
2024 Q3 ADDED 155 +55 +55.0% 0.00% $13K $84.13
2024 Q2 REDUCED 100 -6 -5.7% 0.00% $6K $60.82
2024 Q1 REDUCED 106 -67 -38.7% 0.00% $7K $61.78
2023 Q4 INITIATED 173 β€” β€” 0.00% $11K β€”
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