Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in WAL held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 11.0M | $777.8M | +4.4% | 9.992% | 0.01% |
| 2 | Invesco Ltd. | 5.2M | $369.8M | -12.8% | 4.750% | 0.06% |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 5.2M | $369.2M | — | 4.743% | 0.02% |
| 4 | WELLINGTON MANAGEMENT GROUP LLP | 4.7M | $333.1M | +107.1% | 4.279% | 0.06% |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 4.7M | $329.5M | — | 4.232% | 0.01% |
| 6 | STATE STREET CORP | 4.2M | $297.6M | -0.1% | 3.823% | 0.01% |
| 7 | DIMENSIONAL FUND ADVISORS LP | 3.8M | $270.2M | +1.0% | 3.471% | 0.06% |
| 8 | Davis Asset Management, L.P. | 3.1M | $218.4M | +23.3% | 2.806% | 6.32% |
| 9 | FMR LLC | 2.4M | $168.5M | -8.7% | 2.164% | 0.01% |
| 10 | BARROW HANLEY MEWHINNEY & STRAUSS LLC | 2.4M | $167.4M | -63.4% | 2.151% | 0.55% |
| 11 | GEODE CAPITAL MANAGEMENT, LLC | 2.1M | $149.9M | +4.2% | 1.925% | 0.01% |
| 12 | BANK OF MONTREAL /CAN/ | 1.9M | $132.4M | +34.1% | 1.701% | 0.05% |
| 13 | JANUS HENDERSON GROUP PLC | 1.4M | $97.2M | -1.6% | 1.249% | 0.05% |
| 14 | Smead Capital Management, Inc. | 1.4M | $96.0M | -12.9% | 1.234% | 2.09% |
| 15 | ALLIANCEBERNSTEIN L.P. | 1.0M | $84.8M | +303.0% | 0.918% | 0.03% |
| 16 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 984K | $69.7M | +7.5% | 0.896% | 0.01% |
| 17 | Bank of New York Mellon Corp | 920K | $65.2M | +0.0% | 0.837% | 0.01% |
| 18 | MORGAN STANLEY | 917K | $65.0M | -29.3% | 0.835% | 0.00% |
| 19 | AQR CAPITAL MANAGEMENT LLC | 907K | $63.4M | +86.9% | 0.826% | 0.03% |
| 20 | AMERIPRISE FINANCIAL INC | 892K | $63.2M | +55.8% | 0.811% | 0.01% |
| 21 | NORTHERN TRUST CORP | 884K | $62.6M | +2.4% | 0.804% | 0.01% |
| 22 | TWO SIGMA INVESTMENTS, LP | 793K | $56.2M | +178.6% | 0.722% | 0.05% |
| 23 | CINCINNATI INSURANCE CO | 725K | $51.4M | 0.0% | 0.660% | 0.78% |
| 24 | VICTORY CAPITAL MANAGEMENT INC | 694K | $49.2M | +18.5% | 0.631% | 0.03% |
| 25 | MILLENNIUM MANAGEMENT LLC | 689K | $48.8M | — | 0.627% | 0.03% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in WAL — a direct measure of their conviction.
Filings activity in WAL during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 438 | +0.9% | 61.18% | 14.41 pp | $5.62B | 19% |
| Q4 2025 | 434 | +0.5% | 75.59% | 6.33 pp | $6.95B | 7.7% |
| Q3 2025 | 432 | +0.9% | 81.92% | +7.71 pp | $7.53B | +10% |
| Q2 2025 | 428 | +5.4% | 74.21% | +4.64 pp | $6.82B | +6.7% |
| Q1 2025 | 406 | 2.6% | 69.57% | 6.56 pp | $6.40B | 8.6% |
| Q4 2024 | 417 | +2.7% | 76.13% | 1.31 pp | $7.00B | 1.7% |
| Q3 2024 | 406 | +11% | 77.44% | +26.64 pp | $7.12B | +52% |
| Q2 2024 | 365 | — | 50.80% | — | $4.67B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying WAL stock.
Based on Q1 2026 13F filings, institutional ownership of Western Alliance Bancorporation stands at 61.2%, held across 438 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of WAL, with approximately 10,978,577 shares worth $0.78B as of Q1 2026.
Yes — 2 widely-followed marquee investors appear among the top 25 institutional holders of WAL, including TWO SIGMA INVESTMENTS, LP, MILLENNIUM MANAGEMENT LLC.
Our composite Smart Money Score for WAL is 45 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
87 institutions opened new positions in WAL during Q1 2026, while 83 fully exited. 83 added to existing positions and 267 trimmed.
WAL institutional ownership fell by 14.41 percentage points quarter-over-quarter, with a net change of +4 holders.
The top 10 institutions account for 58.7% of all reported 13F value in WAL, and the top 25 account for 79.2%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Western Alliance Bancorporation (WAL) Institutional Ownership