Bill Miller’s Latest 5 Stock Picks

2. Western Alliance Bancorporation (NYSE:WAL)

Number of Hedge Fund Investors: 33

Miller Value Partners’ Q4 2023 Investment Value: $11.48 million

Western Alliance Bancorporation (NYSE:WAL) serves as a bank holding company for Western Alliance Bank, primarily operating in Arizona, California, and Nevada. The company’s operations are divided into three segments: Commercial, Consumer Related, and Corporate & Other.

As per Insider Monkey’s fourth-quarter database, 33 hedge funds maintained long positions in Western Alliance Bancorporation (NYSE:WAL), a decrease from 36 funds in the previous quarter. Ken Griffin’s Citadel Investment Group emerged as the top stakeholder of the company, holding 2.5 million shares valued at $167.5 million.