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 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 | 12.77% |
| 4 | Technology | 10.66% |
| 5 | Healthcare | 8.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
General Dynamics
GD
$101B
| $4.3M | 0.24% |
12,778
-193
| -1% | -$65.8K |
2024 Q4
4 quarters
|
|
27
Xylem
XYL
$21.2B
| $4.3M | 0.24% |
31,585
+25,256
| +399% | +$3.63M |
2024 Q1
7 quarters
|
|
28
CBRE Group
CBRE
$37.1B
| $4.29M | 0.24% |
26,700
+5,846
| +28% | +$919K |
2025 Q2
2 quarters
|
|
29
TJX Companies
TJX
$154B
| $4.29M | 0.24% |
27,921
-2,912
| -9% | -$431K |
2023 Q4
8 quarters
|
|
30
Citigroup
C
$203B
| $4.28M | 0.24% |
36,716
+21,180
| +136% | +$2.2M |
2023 Q4
8 quarters
|
|
31
Blackrock
BLK
$177B
| $4.27M | 0.24% |
3,994
+2,565
| +179% | +$2.8M |
2024 Q4
4 quarters
|
|
32
WEC Energy
WEC
$38.2B
| $4.21M | 0.24% |
39,903
+37,379
| +1,481% | +$4.14M |
2023 Q4
8 quarters
|
|
33
Fidelity National Financial
FNF
$10.9B
| $4.18M | 0.23% |
76,616
+64,442
| +529% | +$3.67M |
2023 Q4
8 quarters
|
|
34
Regions Financial
RF
$24.3B
| $4.17M | 0.23% |
153,885
-28,808
| -16% | -$736K |
2024 Q1
7 quarters
|
|
35
VICI Properties
VICI
$26.9B
| $4.12M | 0.23% |
146,385
+68,832
| +89% | +$2.04M |
2024 Q2
6 quarters
|
|
36
Xcel Energy
XEL
$51.2B
| $4.11M | 0.23% |
55,627
+46,114
| +485% | +$3.64M |
2024 Q1
7 quarters
|
|
37
OGE Energy
OGE
$10.2B
| $4.11M | 0.23% |
96,216
+64,598
| +204% | +$2.88M |
2024 Q3
5 quarters
|
|
38
CNA Financial
CNA
$13.2B
| $4.11M | 0.23% |
86,052
+16,048
| +23% | +$740K |
2024 Q1
7 quarters
|
|
39
Marsh
MRSH
$95.4B
| $4.11M | 0.23% |
22,134
+14,048
| +174% | +$2.63M |
2023 Q4
8 quarters
|
|
40
SS&C Technologies
SSNC
$18.9B
| $4.07M | 0.23% |
46,566
+42,665
| +1,094% | +$3.64M |
2025 Q1
3 quarters
|
|
41
Cintas
CTAS
$87.3B
| $4.05M | 0.23% |
21,539
+16,789
| +353% | +$3.16M |
2024 Q1
7 quarters
|
|
42
Ross Stores
ROST
$72.9B
| $4.05M | 0.23% |
22,465
+12,549
| +127% | +$2.09M |
2023 Q4
8 quarters
|
|
43
Procter & Gamble
PG
$374B
| $4.04M | 0.23% |
28,159
+24,099
| +594% | +$3.55M |
2025 Q1
3 quarters
|
|
44
CubeSmart
CUBE
$9.5B
| $4.02M | 0.22% |
111,496
+69,976
| +169% | +$2.66M |
2024 Q4
4 quarters
|
|
45
FirstEnergy
FE
$27.2B
| $4.01M | 0.22% |
89,593
-9,993
| -10% | -$459K |
2024 Q2
6 quarters
|
|
46
DELISTED
Taylor Morrison
TMHC
| $4.01M | 0.22% |
68,085
+29,351
| +76% | +$1.79M |
2024 Q2
6 quarters
|
|
47
Paylocity
PCTY
$8.92B
| $3.99M | 0.22% |
26,159
+1,355
| +5% | +$202K |
2023 Q4
8 quarters
|
|
48
NETSTREIT Corp
NTST
$1.78B
| $3.98M | 0.22% |
225,353
+31,787
| +16% | +$579K |
2024 Q2
6 quarters
|
|
49
Pinnacle West Capital
PNW
$12.9B
| $3.95M | 0.22% |
44,534
+18,657
| +72% | +$1.67M |
2024 Q3
5 quarters
|
|
50
DELISTED
Cadence Bank
CADE
| $3.89M | 0.22% |
90,909
+68,929
| +314% | +$2.73M |
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.