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 | |
|---|---|---|---|---|---|---|---|
376
BWX Technologies
BWXT
$10.9B
| $1.15M | 0.06% |
6,679
+526
| +9% | +$98.7K |
2023 Q4
8 quarters
|
|
377
Univest Financial
UVSP
$1.1B
| $1.15M | 0.06% |
35,232
+26,572
| +307% | +$832K |
2024 Q1
7 quarters
|
|
378
Standard Motor Products
SMP
$993M
| $1.15M | 0.06% |
31,221
+25,339
| +431% | +$973K |
2025 Q1
3 quarters
|
|
379
Caterpillar
CAT
$256B
| $1.15M | 0.06% |
2,001
+137
| +7% | +$76.1K |
2024 Q2
6 quarters
|
|
380
UGI
UGI
$7.95B
| $1.15M | 0.06% |
30,610
-96,486
| -76% | -$3.42M |
2023 Q4
8 quarters
|
|
381
Henry Schein
HSIC
$9.5B
| $1.15M | 0.06% |
15,152
-5,709
| -27% | -$402K |
2025 Q1
3 quarters
|
|
382
CareTrust REIT
CTRE
$9.03B
| $1.15M | 0.06% |
31,669
+5,396
| +21% | +$193K |
2024 Q2
6 quarters
|
|
383
Churchill Downs
CHDN
$6.71B
| $1.14M | 0.06% |
10,063
-27,607
| -73% | -$2.86M |
2024 Q3
5 quarters
|
|
384
Waste Management
WM
$94B
| $1.14M | 0.06% |
5,207
-14,039
| -73% | -$2.99M |
2023 Q4
8 quarters
|
|
385
Lear
LEA
$5.32B
| $1.14M | 0.06% |
9,941
+76
| +0.8% | +$8.12K |
2024 Q2
6 quarters
|
|
386
Madison Square Garden
MSGE
$3.66B
| $1.14M | 0.06% |
21,071
+16,478
| +359% | +$793K |
2024 Q4
4 quarters
|
|
387
MarineMax
HZO
$1.16B
| $1.13M | 0.06% |
46,820
+26,454
| +130% | +$653K |
2024 Q3
5 quarters
|
|
388
Chevron
CVX
$415B
| $1.13M | 0.06% |
7,435
+2,208
| +42% | +$336K |
2024 Q1
7 quarters
|
|
389
Range Resources
RRC
$11.4B
| $1.13M | 0.06% |
32,137
+26,055
| +428% | +$971K |
2025 Q1
3 quarters
|
|
390
Labcorp
LH
$29.8B
| $1.13M | 0.06% |
4,495
+4,151
| +1,207% | +$1.1M |
2023 Q4
8 quarters
|
|
391
Helmerich & Payne
HP
$3.52B
| $1.13M | 0.06% |
39,297
+10,139
| +35% | +$269K |
2023 Q4
8 quarters
|
|
392
Microsoft
MSFT
$3.94T
| $1.12M | 0.06% |
2,324
+1,202
| +107% | +$602K |
2023 Q4
8 quarters
|
|
393
UMH Properties
UMH
$1.28B
| $1.12M | 0.06% |
70,304
-13,317
| -16% | -$200K |
2024 Q1
7 quarters
|
|
394
PBF Energy
PBF
$7.98B
| $1.12M | 0.06% |
41,234
+2,572
| +7% | +$82.4K |
2025 Q1
3 quarters
|
|
395
Regency Centers
REG
$13.7B
| $1.12M | 0.06% |
16,163
+6,032
| +60% | +$423K |
2025 Q1
3 quarters
|
|
396
Wayfair
W
$15.2B
| $1.11M | 0.06% |
11,053
-9
| -0.1% | -$866 |
2023 Q4
8 quarters
|
|
397
CenterPoint Energy
CNP
$27B
| $1.11M | 0.06% |
28,940
+9,656
| +50% | +$376K |
2025 Q1
3 quarters
|
|
398
NextEra Energy
NEE
$182B
| $1.11M | 0.06% |
13,806
+12,143
| +730% | +$1.01M |
2024 Q3
5 quarters
|
|
399
Orthofix Medical
OFIX
$321M
| $1.11M | 0.06% |
73,084
+30,257
| +71% | +$462K |
2024 Q2
6 quarters
|
|
400
InterDigital
IDCC
$7.36B
| $1.11M | 0.06% |
3,479
+1,504
| +76% | +$532K |
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.