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 | |
|---|---|---|---|---|---|---|---|
401
Chiron Real Estate Inc
XRN
$380M
| $1.11M | 0.06% |
32,818
+24,654
| +302% | +$804K |
2024 Q1
7 quarters
|
|
402
Texas Roadhouse
TXRH
$12.1B
| $1.11M | 0.06% |
6,670
-4,504
| -40% | -$762K |
2024 Q1
7 quarters
|
|
403
Enact Holdings
ACT
$6.38B
| $1.11M | 0.06% |
27,877
-2,190
| -7% | -$82.4K |
2025 Q3
1 quarter
|
|
404
Lumentum
LITE
$48.8B
| $1.1M | 0.06% |
2,993
+256
| +9% | +$65.7K |
2024 Q1
7 quarters
|
|
405
DELISTED
Cidara Therapeutics
CDTX
| $1.1M | 0.06% |
4,985
+178
| +4% | +$28.8K |
2025 Q2
2 quarters
|
|
406
Illinois Tool Works
ITW
$79.8B
| $1.1M | 0.06% |
4,460
-4,386
| -50% | -$1.09M |
2024 Q1
7 quarters
|
|
407
GE Aerospace
GE
$335B
| $1.09M | 0.06% |
3,548
+2,970
| +514% | +$894K |
2024 Q1
7 quarters
|
|
408
ATI
ATI
$23.9B
| $1.09M | 0.06% |
9,519
+3,033
| +47% | +$296K |
2024 Q2
6 quarters
|
|
409
Tradeweb Markets
TW
$27B
| $1.09M | 0.06% |
10,150
+8,726
| +613% | +$937K |
2024 Q4
4 quarters
|
|
410
Boot Barn
BOOT
$3.91B
| $1.09M | 0.06% |
6,160
+4,649
| +308% | +$867K |
2025 Q3
1 quarter
|
|
411
Gentex
GNTX
$4.19B
| $1.08M | 0.06% |
46,480
+32,459
| +232% | +$783K |
2024 Q4
4 quarters
|
|
412
City Holding Co
CHCO
$1.99B
| $1.08M | 0.06% |
9,038
+6,465
| +251% | +$786K |
2023 Q4
8 quarters
|
|
413
Booking.com
BKNG
$119B
| $1.08M | 0.06% |
5,025
-3,825
| -43% | -$787K |
2024 Q1
7 quarters
|
|
414
Federal Signal
FSS
$6.92B
| $1.08M | 0.06% |
9,905
+4,151
| +72% | +$475K |
2024 Q1
7 quarters
|
|
415
Globus Medical
GMED
$9.5B
| $1.07M | 0.06% |
12,265
-1,357
| -10% | -$103K |
2024 Q3
5 quarters
|
|
416
Tennant Co
TNC
$1.22B
| $1.07M | 0.06% |
14,514
+9,994
| +221% | +$764K |
2023 Q4
8 quarters
|
|
417
Atlantic Union Bankshares
AUB
$5.51B
| $1.07M | 0.06% |
30,170
+72
| +0.2% | +$2.47K |
2024 Q3
5 quarters
|
|
418
Evercore
EVR
$10.9B
| $1.06M | 0.06% |
3,127
+2,455
| +365% | +$789K |
2024 Q3
5 quarters
|
|
419
Public Storage
PSA
$63.1B
| $1.06M | 0.06% |
4,100
+2,637
| +180% | +$738K |
2024 Q1
7 quarters
|
|
420
Verizon
VZ
$189B
| $1.06M | 0.06% |
26,113
-85,686
| -77% | -$3.48M |
2023 Q4
8 quarters
|
|
421
Avista
AVA
$3.37B
| $1.06M | 0.06% |
27,587
-6,341
| -19% | -$248K |
2024 Q2
6 quarters
|
|
422
Owens Corning
OC
$9.35B
| $1.06M | 0.06% |
9,495
-3,419
| -26% | -$401K |
2023 Q4
8 quarters
|
|
423
Avery Dennison
AVY
$14.1B
| $1.06M | 0.06% |
5,824
+1,846
| +46% | +$319K |
2025 Q3
1 quarter
|
|
424
Apple
AAPL
$4.98T
| $1.06M | 0.06% |
3,894
+1,163
| +43% | +$312K |
2025 Q3
1 quarter
|
|
425
Immunome
IMNM
$2.21B
| $1.05M | 0.06% |
48,968
+3,908
| +9% | +$68.6K |
2024 Q2
6 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.