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 | |
|---|---|---|---|---|---|---|---|
326
MongoDB
MDB
$25.2B
| $1.33M | 0.07% |
3,161
+83
| +3% | +$30.2K |
2024 Q4
4 quarters
|
|
327
McGrath RentCorp
MGRC
$3.05B
| $1.31M | 0.07% |
12,463
+9,723
| +355% | +$1.05M |
2024 Q2
6 quarters
|
|
328
Getty Realty Corp
GTY
$1.92B
| $1.31M | 0.07% |
47,694
+14,184
| +42% | +$392K |
2024 Q2
6 quarters
|
|
329
HF Sinclair
DINO
$16.7B
| $1.3M | 0.07% |
28,295
-9,136
| -24% | -$471K |
2023 Q4
8 quarters
|
|
330
Republic Services
RSG
$75.2B
| $1.3M | 0.07% |
6,137
-2,802
| -31% | -$603K |
2023 Q4
8 quarters
|
|
331
DELISTED
Clearway Energy Class A
CWEN.A
| $1.3M | 0.07% |
41,273
+29,469
| +250% | +$922K |
2024 Q3
5 quarters
|
|
332
Worthington Enterprises
WOR
$2.98B
| $1.3M | 0.07% |
25,122
+11,317
| +82% | +$625K |
2024 Q2
6 quarters
|
|
333
American International
AIG
$40.3B
| $1.29M | 0.07% |
15,130
-19,555
| -56% | -$1.56M |
2025 Q3
1 quarter
|
|
334
Stepan Co
SCL
$1.52B
| $1.28M | 0.07% |
27,075
+22,370
| +475% | +$1.02M |
2024 Q1
7 quarters
|
|
335
Autodesk
ADSK
$54.7B
| $1.28M | 0.07% |
4,329
+893
| +26% | +$270K |
2025 Q3
1 quarter
|
|
336
Cathay General Bancorp
CATY
$4.28B
| $1.28M | 0.07% |
26,470
-2,263
| -8% | -$109K |
2025 Q2
2 quarters
|
|
337
Sterling Infrastructure
STRL
$7.71B
| $1.28M | 0.07% |
4,171
-1,512
| -27% | -$521K |
2024 Q1
7 quarters
|
|
338
Marcus & Millichap
MMI
$1.05B
| $1.28M | 0.07% |
46,764
+35,115
| +301% | +$1.02M |
2024 Q1
7 quarters
|
|
339
Somnigroup International
SGI
$14.8B
| $1.27M | 0.07% |
14,236
-6,828
| -32% | -$596K |
2024 Q4
4 quarters
|
|
340
IPG Photonics
IPGP
$2.78B
| $1.27M | 0.07% |
17,675
+11,962
| +209% | +$976K |
2025 Q1
3 quarters
|
|
341
Mastercard
MA
$569B
| $1.26M | 0.07% |
2,210
+2,199
| +19,991% | +$1.23M |
2023 Q4
8 quarters
|
|
342
IBM
IBM
$232B
| $1.26M | 0.07% |
4,259
+1,390
| +48% | +$416K |
2025 Q1
3 quarters
|
|
343
Newmark Group
NMRK
$2.16B
| $1.25M | 0.07% |
71,998
+22,469
| +45% | +$394K |
2025 Q1
3 quarters
|
|
344
Worthington Steel
WS
$1.88B
| $1.24M | 0.07% |
35,899
+28,195
| +366% | +$927K |
2025 Q2
2 quarters
|
|
345
Delek US
DK
$3.92B
| $1.24M | 0.07% |
41,729
+13,641
| +49% | +$487K |
2025 Q1
3 quarters
|
|
346
PG&E
PCG
$38.9B
| $1.24M | 0.07% |
76,938
+60,437
| +366% | +$965K |
2024 Q1
7 quarters
|
|
347
Supernus, Inc. Common Stock
SUPN
$1.52B
| $1.24M | 0.07% |
24,870
-966
| -4% | -$47K |
2024 Q3
5 quarters
|
|
348
PC Connection
CNXN
$2B
| $1.23M | 0.07% |
21,334
-3,963
| -16% | -$236K |
2024 Q4
4 quarters
|
|
349
Warner Music
WMG
$16.4B
| $1.23M | 0.07% |
40,160
+16,159
| +67% | +$494K |
2025 Q1
3 quarters
|
|
350
Quaker Houghton
KWR
$2.58B
| $1.22M | 0.07% |
8,894
+7,192
| +423% | +$971K |
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.