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 | |
|---|---|---|---|---|---|---|---|
451
Buckle
BKE
$2.22B
| $973K | 0.05% |
18,214
-3,245
| -15% | -$181K |
2025 Q1
3 quarters
|
|
452
Cognex
CGNX
$8.09B
| $971K | 0.05% |
26,979
+10,709
| +66% | +$433K |
2024 Q3
5 quarters
|
|
453
O'Reilly Automotive
ORLY
$72.5B
| $970K | 0.05% |
10,635
-6,197
| -37% | -$605K |
2023 Q4
8 quarters
|
|
454
M&T Bank
MTB
$31.3B
| $969K | 0.05% |
4,809
-16,916
| -78% | -$3.23M |
2023 Q4
8 quarters
|
|
455
Comfort Systems
FIX
$35.4B
| $966K | 0.05% |
1,035
+218
| +27% | +$201K |
2024 Q3
5 quarters
|
|
456
Broadcom
AVGO
$1.39T
| $963K | 0.05% |
2,782
+1,725
| +163% | +$617K |
2024 Q1
7 quarters
|
|
457
Miller Industries
MLR
$522M
| $963K | 0.05% |
25,764
+23,597
| +1,089% | +$918K |
2024 Q2
6 quarters
|
|
458
Mercado Libre
MELI
$76.5B
| $959K | 0.05% |
476
-347
| -42% | -$729K |
2023 Q4
8 quarters
|
|
459
US Foods
USFD
$23.1B
| $957K | 0.05% |
12,707
-9,217
| -42% | -$692K |
2024 Q1
7 quarters
|
|
460
Equifax
EFX
$22.2B
| $954K | 0.05% |
4,395
+4,076
| +1,278% | +$893K |
2024 Q3
5 quarters
|
|
461
Myers Industries
MYE
$1.02B
| $950K | 0.05% |
50,748
-3,396
| -6% | -$60.3K |
2024 Q3
5 quarters
|
|
462
Thermo Fisher Scientific
TMO
$258B
| $948K | 0.05% |
1,636
+1,343
| +458% | +$759K |
2023 Q4
8 quarters
|
|
463
KLA
KLAC
$178B
| $948K | 0.05% |
7,800
+1,830
| +31% | +$215K |
2023 Q4
8 quarters
|
|
464
Valero Energy
VLO
$97.5B
| $947K | 0.05% |
5,816
+2,247
| +63% | +$381K |
2024 Q3
5 quarters
|
|
465
Akamai
AKAM
$12.1B
| $945K | 0.05% |
10,831
+4,305
| +66% | +$354K |
2025 Q1
3 quarters
|
|
466
Rogers Corp
ROG
$2.17B
| $944K | 0.05% |
10,308
+5,755
| +126% | +$494K |
2025 Q1
3 quarters
|
|
467
Jones Lang LaSalle
JLL
$17.2B
| $932K | 0.05% |
2,770
-9,758
| -78% | -$3.06M |
2024 Q3
5 quarters
|
|
468
Goldman Sachs
GS
$253B
| $932K | 0.05% |
1,060
-2,389
| -69% | -$1.95M |
2025 Q1
3 quarters
|
|
469
Veracyte
VCYT
$1.95B
| $929K | 0.05% |
22,075
-1,884
| -8% | -$75.9K |
2023 Q4
8 quarters
|
|
470
OneMain Financial
OMF
$6.45B
| $928K | 0.05% |
13,742
+4,856
| +55% | +$295K |
2023 Q4
8 quarters
|
|
471
Landstar System
LSTR
$4.81B
| $927K | 0.05% |
6,448
+942
| +17% | +$125K |
2025 Q2
2 quarters
|
|
472
NerdWallet
NRDS
$511M
| $926K | 0.05% |
68,337
+42,133
| +161% | +$551K |
2025 Q1
3 quarters
|
|
473
Incyte
INCY
$24.1B
| $925K | 0.05% |
9,370
+999
| +12% | +$96.7K |
2023 Q4
8 quarters
|
|
474
Clorox
CLX
$12.1B
| $924K | 0.05% |
9,161
-364
| -4% | -$39.5K |
2024 Q1
7 quarters
|
|
475
Vontier
VNT
$5.58B
| $922K | 0.05% |
24,804
-2,552
| -9% | -$97.7K |
2025 Q1
3 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.