Western Alliance Bancorporation bonds WAL
Who owns Western Alliance Bancorporation's debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. WAL stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 05614HAA7 | 9.5% variable | 2030-03-30 | USD | 100.76 | — | — | 6 | $3.8M | Jul 2026 |
| 957638AD1 | 3% fixed | 2031-06-15 | USD | 96.66 | 3.76% | -57 bp | 5 | $23.6M | Jul 2026 |
| 95758BCL1 | 6.537% fixed | 2035-11-15 | USD | 98.85 | 6.70% | 214 bp | 15 | $23.1M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 3 | $50.5M | 98.85 | 5.23% | 78 bp | 15 |
| Jun 2026 | 3 | $122.3M | 99.28 | 5.12% | 79 bp | 23 |
| May 2026 | 3 | $59.7M | 98.61 | 5.19% | 89 bp | 17 |
| Apr 2026 | 3 | $69.5M | 98.88 | 5.24% | 112 bp | 17 |
| Mar 2026 | 3 | $149.6M | 97.97 | 5.33% | 129 bp | 21 |
| Feb 2026 | 3 | $74.2M | 102.06 | 4.74% | 83 bp | 19 |
| Jan 2026 | 3 | $83.3M | 101.29 | 4.94% | 93 bp | 19 |
| Dec 2025 | 3 | $141.0M | 100.37 | 5.11% | 118 bp | 21 |
| Nov 2025 | 3 | $66.2M | 100.38 | 5.16% | 126 bp | 16 |
| Oct 2025 | 2 | $53.8M | 99.42 | 3.78% | 8 bp | 8 |
| Sep 2025 | 2 | $128.3M | 100.36 | 3.54% | -19 bp | 19 |
| Aug 2025 | 2 | $57.8M | 98.31 | 3.95% | 8 bp | 20 |
| Jul 2025 | 2 | $44.6M | 97.73 | 4.05% | 1 bp | 10 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 5 added, 18 cut, 12 new holders and 10 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| LORD ABBETT BOND DEBENTURE FUND INC | 2026-06-30 | $47.7M | $46.4M | -$3.8M |
| BrandywineGLOBAL - HIGH YIELD FUND Legg Mason Partners Investment Trust | 2026-06-30 | $21.5M | $21.4M | -$15.2M |
| Lord Abbett Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $21.5M | $20.9M | $0 |
| BrandywineGLOBAL - CORPORATE CREDIT FUND Legg Mason Partners Investment Trust | 2026-06-30 | $12.9M | $12.8M | -$7.1M |
| Lord Abbett Floating Rate Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $11.0M | $10.6M | $3.9M |
| Lord Abbett Short Duration High Yield Fund LORD ABBETT TRUST I | 2026-07-31 | $10.3M | $9.9M | $0 |
| Angel Oak Financial Strategies Income Term Trust | 2026-07-31 | $9.1M | $8.9M | $0 |
| BNY Mellon Global Fixed Income Fund BNY Mellon Investment Funds I | 2026-06-30 | $7.8M | $7.8M | $0 |
| BNY Mellon Core Plus Fund BNY Mellon Absolute Insight Funds, Inc. | 2026-07-31 | $6.3M | $6.2M | $0 |
| Fidelity High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $5.7M | $5.5M | $0 |
| Lord Abbett Core Plus Bond Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $5.0M | $4.9M | $0 |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $4.9M | $4.8M | -$5.5M |
| Victory Short-Term Bond Fund Victory Portfolios III | 2026-07-31 | $4.5M | $4.4M | $0 |
| Fidelity SAI High Income Fund Fidelity Summer Street Trust | 2026-07-31 | $4.0M | $3.9M | $0 |
| Fidelity Total Bond Fund Fidelity Income Fund | 2026-05-31 | $4.0M | $3.9M | $0 |
| VictoryShares Short-Term Bond ETF Victory Portfolios II | 2026-06-30 | $3.4M | $3.3M | $0 |
| Short Duration Fund American Century Investment Trust | 2026-06-30 | $3.2M | $3.1M | $0 |
| Fidelity SAI Total Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $2.7M | $2.6M | $0 |
| Infrastructure Capital Bond Income ETF Series Portfolios Trust | 2026-05-31 | $2.5M | $2.6M | $921K |
| Short Duration Strategic Income Fund American Century Investment Trust | 2026-06-30 | $2.6M | $2.5M | $0 |
| Bond-Debenture Portfolio LORD ABBETT SERIES FUND INC | 2026-06-30 | $2.5M | $2.4M | -$197K |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $2.4M | $2.3M | $935K |
| FS Multi-Strategy Alternatives Fund ADVISORS' INNER CIRCLE III | 2026-06-30 | $2.2M | $2.2M | $1.0M |
| American Century Diversified Corporate Bond ETF American Century ETF Trust | 2026-05-31 | $2.2M | $2.1M | -$2.2M |
| Fidelity Total Bond ETF Fidelity Merrimack Street Trust | 2026-05-31 | $2.1M | $2.1M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Strategic Income Opportunities Fund ($10.6M), Global Bond Fund ($4.0M), John Hancock Financial Opportunities Fund ($2.1M), Core Plus Fund ($850K), Multi-Manager Alternative Strategies Fund ($610K), Strategic Income Opportunities Trust ($593K), State Street(R) SPDR(R) Portfolio Aggregate Bond ETF ($500K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($325K), Strategic Allocation: Aggressive Fund ($138K), Wilshire Income Opportunities Fund ($137K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| USTB VictoryShares Short-Term Bond ETF | 2026-06-30 | 2 | $3.4M | $3.3M | 0.15% |
| BNDS Infrastructure Capital Bond Income ETF | 2026-05-31 | 1 | $2.5M | $2.6M | 3.66% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $2.4M | $2.3M | 0.01% |
| KORP American Century Diversified Corporate Bond ETF | 2026-05-31 | 1 | $2.2M | $2.1M | 0.26% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 1 | $2.1M | $2.1M | 0.01% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 1 | $1.6M | $1.6M | 0.01% |
| MUSI American Century Multisector Income ETF | 2026-05-31 | 1 | $595K | $578K | 0.26% |
| SDSI American Century Short Duration Strategic Income ETF | 2026-05-31 | 1 | $515K | $500K | 0.23% |
| CPLB NYLIM MacKay Core Plus Bond ETF | 2026-07-31 | 1 | $425K | $419K | 0.11% |
| SCHZ Schwab U.S. Aggregate Bond ETF | 2026-06-30 | 1 | $270K | $268K | 0.00% |
| JHPI John Hancock Preferred Income ETF | 2026-06-30 | 1 | $165K | $168K | 0.08% |
| ISTB iShares Core 1-5 Year USD Bond ETF | 2026-07-31 | 1 | $150K | $148K | 0.00% |
| SKOR FlexShares Credit-Scored US Corporate Bond Index Fund | 2026-07-31 | 1 | $150K | $148K | 0.02% |
| SCHJ Schwab 1-5 Year Corporate Bond ETF | 2026-06-30 | 1 | $125K | $124K | 0.01% |
| BD Russell Investments Core Plus Bond ETF | 2026-06-30 | 1 | $121K | $120K | 0.20% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 78 bp spread prices in about 1.3% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Not available.
The stock side: 13F filings
What institutions report holding in WAL's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 53 | $205.1M | 1 | $323K | 0 | — | 0 |
| 2026-06-30 | 488 | $7.39B | 15 | $65.2M | 13 | $70.8M | 0 |
| 2026-03-31 | 434 | $4.54B | 14 | $54.2M | 14 | $47.0M | 0 |
| 2025-12-31 | 432 | $6.43B | 16 | $70.3M | 17 | $77.7M | 0 |
| 2025-09-30 | 437 | $7.52B | 15 | $45.2M | 18 | $125.2M | 0 |
| 2025-06-30 | 427 | $6.82B | 16 | $41.4M | 19 | $105.4M | 0 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.