10 New Stocks in David Tepper’s Portfolio

9. Western Alliance Bancorporation (NYSE:WAL)

Number of Hedge Fund Holders: 35

Appaloosa Management’s Stake Value: $16,910,400

Western Alliance Bancorporation (NYSE:WAL) is among the new stocks David Tepper has purchased. As of December 29, the average price target for WAL suggests an upside of 18%; however, the Street high indicates an upside of 33%. In the third quarter of 2025, billionaire David Tepper added WAL to his portfolio by purchasing 195,000 shares valued at nearly $17 million.

On December 19, Jared Shaw, a Barclays analyst, reiterated a Buy call on Western Alliance Bancorporation (NYSE:WAL) with a target price of $115.

Separately, on December 22, the company disclosed that its Compensation Committee has launched the Western Alliance Bancorporation Executive Stock and Bonus Deferral Plan. This plan came into effect on December 19, and it was developed as a deferred compensation arrangement for some employees, most of whom serve as the bank’s Executive Leadership Team.

The selected employees can choose to defer 0%, 25%, or 50% of their annual cash bonus and some equity compensation each year, and these amounts are stored as deferred stock units. These deferred units can also receive dividend payouts if the linked shares pay cash dividends.

This deferred payment plan does not extend to company contributions, and upon leaving the position, participants can withdraw the deferred sum in two or three yearly payouts. Any portion of an annual cash bonus deferred must comply with Western Alliance Bancorporation’s Dodd-Frank Clawback Policy.

Western Alliance Bancorporation is a bank holding company for Western Alliance Bank, offering a range of banking services for businesses and individuals.