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
↑ +4
Streak
1Q ▲
Buyers last Q
51%

Smart Money Signals — WAL

Based on 443 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
443 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 — +6% more funds vs a year ago

fund count last 6Q
+27 new funds entered over the past year (+6% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 51% buying

238 buying230 selling
Last quarter: 238 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 (+11 vs last Q)

new funds entering per quarter
Funds opening a new WAL position: 72 → 58 → 72 → 83. 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
271 out of 443 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
-3%
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 → 72 → 58 → 72 → 83 new funds/Q
New funds entering each quarter: 72 → 58 → 72 → 83. 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 460 holders: 312 (68%) are 2+ year veterans, 57 entered 1–2 years ago, and 91 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 50% AUM from top-100 funds

50% from top-100 AUM funds
54 of 441 holders are among the 100 largest funds by AUM, controlling 50% 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, 238 hedge funds were net buyers of WAL (83 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. 50% of total institutional value in WAL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +4 funds (more new holders than closures). Total institutional holders: 443.

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 Q1 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 March 31, 2026 · 78d ago
WAL
+10.7%
XLF
+1220.3%

WAL outperformed XLF by -1209.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
WAL
+5.4%
XLF
+4.8%

Since the filing became public, WAL outperformed XLF by +0.6% .

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
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 --
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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

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:
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. 6.32% 3,083,000 $218.4M
2 Stieven Capital Advisors, L.P. 5.96% 393,485 $27.9M
3 Petiole USA ltd 3.89% 78,503 $5.6M
4 Black Maple Capital Management LP 3.34% 84,599 $6.0M
5 Lhm, INC. 2.75% 98,675 $7.0M
6 Strategic Value Bank Partners LLC 2.69% 70,602 $5.0M
7 Stanley Capital Management, LLC 2.27% 192,000 $13.6M
8 Gator Capital Management, LLC 2.21% 152,700 $10.8M
9 Smead Capital Management, Inc. 2.09% 1,355,591 $96.0M
10 Salzhauer Michael 1.81% 54,209 $3.8M
11 S&G Foundation 1.41% 375,638 $26.6M
12 Miller Value Partners, LLC 1.02% 55,252 $3.9M
13 CSU Producer Resources, Inc. 0.91% 4,490 $318K
14 683 Capital Management, LLC 0.83% 225,000 $15.9M
15 Cincinnati Insurance Co 0.78% 725,000 $51.4M
16 Barrow Hanley Mewhinney & Strauss LLC 0.55% 2,362,939 $167.4M
17 Sippican Capital Advisors 0.53% 11,020 $781K
18 Basswood Capital Management, L.L.C. 0.45% 133,164 $9.4M
19 Hussman Strategic Advisors, INC. 0.32% 21,000 $1.5M
20 Lodestone Wealth Management LLC 0.31% 10,865 $770K
21 iSAM Funds (UK) Ltd 0.29% 8,242 $584K
22 EJF Capital LP 0.29% 5,731 $406K
23 Cincinnati Casualty Co 0.27% 7,405 $525K
24 Diametric Capital, LP 0.27% 14,769 $1.0M
25 Advisory Research Inc 0.23% 26,163 $1.9M
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: 238 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 — 50% AUM from top-100 funds: 54 of 441 holders are among the 100 largest funds by AUM, controlling 50% 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: 271 out of 443 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 Q1 hedge fund 13F filings?

As of today, WAL has moved +5.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of +0.6%. Since the quarter end (March 31, 2026), WAL has gained +10.7% vs +1220.3% 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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