Rafferty Asset Management Reduces Stake in Western Alliance Bancorporation

The firm sold 29,168 shares of the financial services provider in the third quarter.

Published on Mar. 2, 2026

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Rafferty Asset Management LLC reduced its holdings in shares of Western Alliance Bancorporation (NYSE:WAL) by 19.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 121,774 shares of the financial services provider's stock after selling 29,168 shares during the period.

Why it matters

Western Alliance Bancorporation is a major regional bank in the western United States, and changes in institutional ownership can signal shifts in investor sentiment around the company.

The details

Rafferty Asset Management LLC sold 29,168 shares of Western Alliance Bancorporation in the third quarter, reducing its total stake in the company to 121,774 shares. This represented a 19.3% decrease in the firm's holdings. Rafferty Asset Management LLC owned 0.11% of Western Alliance Bancorporation as of its most recent SEC filing.

  • Rafferty Asset Management LLC filed its most recent 13F report in the third quarter of 2026.

The players

Rafferty Asset Management LLC

An investment management firm that has reduced its stake in Western Alliance Bancorporation.

Western Alliance Bancorporation

A major regional bank headquartered in Phoenix, Arizona that provides a range of banking services to commercial clients, entrepreneurs, and real estate developers.

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The takeaway

The reduction in Rafferty Asset Management's stake in Western Alliance Bancorporation could signal a shift in investor sentiment around the regional bank, though the reasons behind the firm's decision are not entirely clear from the available information.