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 | |
|---|---|---|---|---|---|---|---|
|
BZH
351
DELISTED
Beazer Homes USA
BZH
| $1.22M | 0.07% |
60,193
+50,338
| +511% | +$1.12M |
2024 Q4
4 quarters
|
|
352
Howmet Aerospace
HWM
$81.8B
| $1.22M | 0.07% |
5,944
+2,021
| +52% | +$402K |
2024 Q1
7 quarters
|
|
353
American Financial Group
AFG
$12.8B
| $1.21M | 0.07% |
8,858
+3,300
| +59% | +$453K |
2025 Q3
1 quarter
|
|
354
Dream Finders Homes
DFH
$1.12B
| $1.21M | 0.07% |
70,606
+32,200
| +84% | +$659K |
2025 Q2
2 quarters
|
|
355
Sonos
SONO
$1.94B
| $1.2M | 0.07% |
68,474
+46,394
| +210% | +$809K |
2025 Q1
3 quarters
|
|
356
Everus Construction Group
ECG
$3.91B
| $1.2M | 0.07% |
14,043
| – | – |
2024 Q4
4 quarters
|
|
357
Merchants Bancorp
MBIN
$2.38B
| $1.19M | 0.07% |
35,063
+20,235
| +136% | +$665K |
2024 Q1
7 quarters
|
|
358
QuinStreet
QNST
$1.18B
| $1.19M | 0.07% |
83,036
-20,854
| -20% | -$301K |
2024 Q3
5 quarters
|
|
359
Oklo
OKLO
$4.38B
| $1.19M | 0.07% |
16,610
+13,520
| +438% | +$1.51M |
2024 Q2
6 quarters
|
|
360
Globe Life
GL
$12.1B
| $1.19M | 0.07% |
8,518
+3,674
| +76% | +$498K |
2025 Q3
1 quarter
|
|
361
AT&T
T
$146B
| $1.19M | 0.07% |
47,932
+30,866
| +181% | +$781K |
2025 Q1
3 quarters
|
|
362
Lindsay Corp
LNN
$1.08B
| $1.19M | 0.07% |
10,076
+4,536
| +82% | +$546K |
2024 Q4
4 quarters
|
|
363
Applied Materials
AMAT
$264B
| $1.19M | 0.07% |
4,615
+2,888
| +167% | +$692K |
2025 Q3
1 quarter
|
|
364
Live Oak Bancshares
LOB
$1.57B
| $1.18M | 0.07% |
34,444
+3,551
| +11% | +$119K |
2023 Q4
8 quarters
|
|
365
Arrow Electronics
ARW
$9.22B
| $1.18M | 0.07% |
10,722
+5,508
| +106% | +$626K |
2025 Q3
1 quarter
|
|
366
TriNet
TNET
$3.05B
| $1.18M | 0.07% |
19,880
+16,737
| +533% | +$994K |
2023 Q4
8 quarters
|
|
367
Atlassian
TEAM
$38.9B
| $1.17M | 0.07% |
7,221
+1,772
| +33% | +$278K |
2025 Q3
1 quarter
|
|
368
Tenet Healthcare
THC
$22.5B
| $1.17M | 0.07% |
5,866
-99
| -2% | -$20K |
2023 Q4
8 quarters
|
|
369
Jacobs Solutions
J
$17.4B
| $1.16M | 0.07% |
8,795
+7,447
| +552% | +$1.09M |
2023 Q4
8 quarters
|
|
370
DELISTED
ProAssurance
PRA
| $1.16M | 0.07% |
48,152
+41,507
| +625% | +$998K |
2024 Q4
4 quarters
|
|
371
Green Brick Partners
GRBK
$2.75B
| $1.16M | 0.07% |
18,533
+6,165
| +50% | +$406K |
2024 Q4
4 quarters
|
|
372
Cisco
CSCO
$370B
| $1.16M | 0.07% |
15,068
-9,271
| -38% | -$688K |
2024 Q2
6 quarters
|
|
373
Molson Coors Class B
TAP
$7.52B
| $1.16M | 0.06% |
24,772
+8,710
| +54% | +$402K |
2025 Q1
3 quarters
|
|
374
Toro Company
TTC
$9.9B
| $1.16M | 0.06% |
14,684
-1,177
| -7% | -$87K |
2024 Q1
7 quarters
|
|
375
Aramark
ARMK
$13.9B
| $1.15M | 0.06% |
31,332
+2,593
| +9% | +$98.9K |
2024 Q1
7 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.