AlphaQuest Portfolio holdings
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.
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 Index 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 | 12.78% |
| 4 | Technology | 10.66% |
| 5 | Healthcare | 8.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
301
Omeros
OMER
$1.22B
| $1.42M | 0.08% |
82,597
+82,596
| +8,259,600% | +$711K |
2024 Q4
4 quarters
|
|
302
Huntington Bancshares
HBAN
$31.2B
| $1.41M | 0.08% |
81,374
+70,246
| +631% | +$1.15M |
2025 Q1
3 quarters
|
|
303
Huron Consulting
HURN
$2.63B
| $1.4M | 0.08% |
8,117
+6,578
| +427% | +$1.08M |
2023 Q4
8 quarters
|
|
304
Sphere Entertainment
SPHR
$4.31B
| $1.4M | 0.08% |
14,712
+6,251
| +74% | +$476K |
2023 Q4
8 quarters
|
|
305
Interface
TILE
$1.78B
| $1.4M | 0.08% |
50,080
+37,712
| +305% | +$1.03M |
2024 Q4
4 quarters
|
|
306
AES
AES
$10.6B
| $1.4M | 0.08% |
97,381
+70,331
| +260% | +$991K |
2025 Q2
2 quarters
|
|
307
Deere & Co
DE
$181B
| $1.39M | 0.08% |
2,987
+378
| +14% | +$177K |
2025 Q3
1 quarter
|
|
308
Bank of Hawaii
BOH
$2.73B
| $1.39M | 0.08% |
20,293
+14,136
| +230% | +$932K |
2025 Q3
1 quarter
|
|
309
Dynex Capital
DX
$2.77B
| $1.39M | 0.08% |
98,924
-20,971
| -17% | -$283K |
2024 Q3
5 quarters
|
|
310
International Bancshares
IBOC
$4.2B
| $1.39M | 0.08% |
20,851
+9,618
| +86% | +$651K |
2023 Q4
8 quarters
|
|
311
Marten Transport
MRTN
$959M
| $1.38M | 0.08% |
121,536
+755
| +0.6% | +$8.01K |
2024 Q1
7 quarters
|
|
312
Equinix
EQIX
$100B
| $1.38M | 0.08% |
1,805
+1,252
| +226% | +$981K |
2023 Q4
8 quarters
|
|
313
UFP Industries
UFPI
$4.41B
| $1.38M | 0.08% |
15,170
+6,690
| +79% | +$613K |
2025 Q2
2 quarters
|
|
314
Planet Fitness
PLNT
$4.54B
| $1.38M | 0.08% |
12,725
+5,677
| +81% | +$584K |
2024 Q1
7 quarters
|
|
315
Roper Technologies
ROP
$47.2B
| $1.37M | 0.08% |
3,074
-1,992
| -39% | -$923K |
2024 Q4
4 quarters
|
|
316
Westamerica Bancorp
WABC
$1.38B
| $1.37M | 0.08% |
28,550
-1,437
| -5% | -$68.9K |
2024 Q1
7 quarters
|
|
317
Navient Holdings, Inc. Common Stock
NAVI
$790M
| $1.36M | 0.08% |
104,658
+61,090
| +140% | +$760K |
2023 Q4
8 quarters
|
|
318
Napco Security Technologies
NSSC
$1.08B
| $1.36M | 0.08% |
32,551
+10,253
| +46% | +$431K |
2024 Q1
7 quarters
|
|
319
Hubbell
HUBB
$22.7B
| $1.35M | 0.08% |
3,035
+173
| +6% | +$75.8K |
2025 Q1
3 quarters
|
|
320
Benchmark Electronics
BHE
$2.16B
| $1.35M | 0.08% |
31,519
-15,220
| -33% | -$659K |
2024 Q4
4 quarters
|
|
321
IDEAYA Biosciences
IDYA
$3.02B
| $1.34M | 0.08% |
38,767
-2,261
| -6% | -$72.1K |
2024 Q2
6 quarters
|
|
322
Nucor
NUE
$55.6B
| $1.34M | 0.07% |
8,207
+3,792
| +86% | +$570K |
2024 Q2
6 quarters
|
|
323
Moody's
MCO
$87.2B
| $1.34M | 0.07% |
2,618
+112
| +4% | +$54.6K |
2024 Q3
5 quarters
|
|
324
Magnolia Oil & Gas
MGY
$6.37B
| $1.34M | 0.07% |
61,032
+58,883
| +2,740% | +$1.34M |
2024 Q3
5 quarters
|
|
325
Mine Safety
MSA
$6.56B
| $1.33M | 0.07% |
8,323
-15,269
| -65% | -$2.49M |
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.