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AlphaQuest Portfolio holdings
AUM
$1.79B
Turnover
5.89%
1-Year Est. Return
10.61%
AlphaQuest is a computer-driven hedge fund firm that traded futures across currencies, commodities and stock and bond indices. Nigol Koulajian, its chief investment officer, founded it in 2001 around managed futures, and it later added equities, global macro and other asset classes. Until January 2025 the firm was called Quest Partners, and it took its new name from its flagship strategy, AlphaQuest Original. AlphaQuest announced in 2026 that it would close.
This Fund
S&P 500
This Quarter Est. Return
+1.95%
1 Year Est. Return
+10.61%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.79B
AUM Growth
+$257M
(+17%)
Cap. Flow
+$258M
Cap. Flow % of AUM
Cap. Flow %
14.44%
Top 10 Holdings %
Top 10 Hldgs %
18.3%
Holding
2,309
New
72
Increased
1,044
Reduced
996
Closed
64
Avg Time Held
1.2
years
Top 10 Avg Time Held
0.3
years
Top 20 Avg Time Held
0.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$58.5M |
| 2 |
Schwab Intermediately-Term US Treasury ETF
SCHR
|
+$41.9M |
| 3 |
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
|
+$41.9M |
| 4 |
iShares 3-7 Year Treasury Bond ETF
IEI
|
+$41.8M |
| 5 |
Vanguard Intermediate-Term Treasury ETF
VGIT
|
+$41.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WESCO International
WCC
|
+$4.56M |
| 2 |
LCI Industries
LCII
|
+$4.32M |
| 3 |
Prosperity Bancshares
PB
|
+$4.25M |
| 4 |
Allete
ALE
|
+$4.23M |
| 5 |
Mueller Industries
MLI
|
+$4.18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.78% |
| 2 | Miscellaneous | 17.52% |
| 3 | Industrials | 12.77% |
| 4 | Technology | 10.66% |
| 5 | Healthcare | 8.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
iShares 7-10 Year Treasury Bond ETF
IEF
$41.8B
| $97M | 5.43% |
1,009,045
+605,008
| +150% | +$58.5M |
2025 Q2
2 quarters
|
|
|
2
iShares 3-7 Year Treasury Bond ETF
IEI
$17.1B
| $48.2M | 2.7% |
403,902
+349,637
| +644% | +$41.8M |
2025 Q2
2 quarters
|
|
|
3
Schwab Intermediately-Term US Treasury ETF
SCHR
$13.6B
| $48.2M | 2.7% |
1,921,346
+1,662,992
| +644% | +$41.9M |
2025 Q2
2 quarters
|
|
|
4
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$11B
| $48.2M | 2.7% |
1,670,793
+1,446,130
| +644% | +$41.9M |
2025 Q2
2 quarters
|
|
|
5
Vanguard Intermediate-Term Treasury ETF
VGIT
$40.4B
| $48.2M | 2.7% |
803,838
+695,732
| +644% | +$41.8M |
2025 Q2
2 quarters
|
|
6
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
| $16.4M | 0.92% |
203,591
+173,760
| +582% | +$14M |
2025 Q3
1 quarter
|
|
7
Citizens Financial Group
CFG
$26.7B
| $5.93M | 0.33% |
101,567
-8,984
| -8% | -$483K |
2023 Q4
8 quarters
|
|
8
Ameris Bancorp
ABCB
$5.53B
| $5.08M | 0.28% |
68,343
+2,671
| +4% | +$199K |
2023 Q4
8 quarters
|
|
9
Morgan Stanley
MS
$288B
| $4.99M | 0.28% |
28,107
-1,461
| -5% | -$244K |
2024 Q2
6 quarters
|
|
10
Fulton Financial
FULT
$4.48B
| $4.91M | 0.27% |
253,775
-13,180
| -5% | -$243K |
2024 Q1
7 quarters
|
|
11
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15B
| $4.87M | 0.27% |
62,711
+29,351
| +88% | +$2.29M |
2025 Q2
2 quarters
|
|
12
Wells Fargo
WFC
$250B
| $4.86M | 0.27% |
52,159
+28,080
| +117% | +$2.44M |
2025 Q1
3 quarters
|
|
13
Associated Banc-Corp
ASB
$5.63B
| $4.84M | 0.27% |
187,961
-6,950
| -4% | -$179K |
2025 Q3
1 quarter
|
|
14
Duke Energy
DUK
$99.3B
| $4.58M | 0.26% |
39,046
+29,919
| +328% | +$3.65M |
2024 Q3
5 quarters
|
|
15
Otis Worldwide
OTIS
$28.8B
| $4.44M | 0.25% |
50,856
+16,862
| +50% | +$1.51M |
2023 Q4
8 quarters
|
|
16
US Bancorp
USB
$92.6B
| $4.43M | 0.25% |
83,082
+22,991
| +38% | +$1.13M |
2024 Q3
5 quarters
|
|
17
Valmont Industries
VMI
$8.08B
| $4.41M | 0.25% |
10,970
+10,471
| +2,098% | +$4.26M |
2023 Q4
8 quarters
|
|
18
PNC Financial Services
PNC
$90.9B
| $4.37M | 0.24% |
20,955
-8,354
| -29% | -$1.61M |
2024 Q4
4 quarters
|
|
19
DELISTED
Frontier Communications
FYBR
| $4.37M | 0.24% |
114,769
+42,761
| +59% | +$1.62M |
2024 Q1
7 quarters
|
|
20
NVR
NVR
$15.9B
| $4.37M | 0.24% |
599
+559
| +1,398% | +$4.18M |
2023 Q4
8 quarters
|
|
21
KeyCorp
KEY
$22.3B
| $4.37M | 0.24% |
211,592
+105,707
| +100% | +$1.97M |
2023 Q4
8 quarters
|
|
22
FNB Corp
FNB
$6.38B
| $4.33M | 0.24% |
253,470
-17,311
| -6% | -$283K |
2024 Q3
5 quarters
|
|
23
Crane Co
CR
$11.5B
| $4.31M | 0.24% |
23,389
+1,834
| +9% | +$340K |
2024 Q4
4 quarters
|
|
24
Nordson
NDSN
$18B
| $4.31M | 0.24% |
17,932
+16,946
| +1,719% | +$3.98M |
2024 Q4
4 quarters
|
|
25
Crown Holdings
CCK
$12.9B
| $4.31M | 0.24% |
41,848
+10,019
| +31% | +$976K |
2023 Q4
8 quarters
|
|
Similar funds
AlphaQuest's Q4 2025 Portfolio in Review
As of Q4 2025, AlphaQuest held 2,309 positions worth $1.79B, up 17% from $1.53B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
AlphaQuest deployed $258M of net new capital in Q4 2025, opening 72 new positions and adding to 1,044 existing holdings. Its largest new stake was BigBear.ai: 356,421 shares worth $1.92M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 22% a quarter earlier, followed by Miscellaneous and Industrials.
On the sell side, the largest reduction was WESCO International, an estimated $4.56M trimmed.
- AlphaQuest's largest Q4 2025 buy was BigBear.ai: 356,421 shares worth $1.92M.
- AlphaQuest added most to iShares 7-10 Year Treasury Bond ETF in Q4 2025, an estimated $58.5M increase.
- AlphaQuest's biggest Q4 2025 reduction was WESCO International, cutting an estimated $4.56M.
- AlphaQuest fully exited Allete in Q4 2025, selling an estimated $4.23M.
- AlphaQuest's ten largest holdings make up 18% of its $1.79B portfolio in Q4 2025.
- AlphaQuest opened 72 new positions and closed 64 in Q4 2025.
- AlphaQuest's portfolio value rose 17% quarter-over-quarter to $1.79B.
Based on AlphaQuest's 13F filing for Q4 2025, filed 9 Feb 2026.