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 | |
|---|---|---|---|---|---|---|---|
476
Edison International
EIX
$23.1B
| $922K | 0.05% |
15,362
+9,564
| +165% | +$549K |
2024 Q1
7 quarters
|
|
477
CF Industries
CF
$18.1B
| $922K | 0.05% |
11,915
-5,811
| -33% | -$478K |
2025 Q1
3 quarters
|
|
478
Korn Ferry
KFY
$4.25B
| $918K | 0.05% |
13,903
-43,307
| -76% | -$2.91M |
2024 Q2
6 quarters
|
|
479
Darden Restaurants
DRI
$25.6B
| $916K | 0.05% |
4,980
-4,724
| -49% | -$861K |
2024 Q4
4 quarters
|
|
480
Ryerson Holding Corp
RYZ
$1.42B
| $909K | 0.05% |
36,114
+33,515
| +1,290% | +$771K |
2025 Q2
2 quarters
|
|
481
MFA Financial
MFA
$652K
| $908K | 0.05% |
97,524
-15,616
| -14% | -$145K |
2025 Q1
3 quarters
|
|
482
JPMorgan Chase
JPM
$899B
| $907K | 0.05% |
2,814
-6,355
| -69% | -$1.97M |
2025 Q1
3 quarters
|
|
483
Align Technology
ALGN
$11.6B
| $905K | 0.05% |
5,796
+3,794
| +190% | +$544K |
2025 Q3
1 quarter
|
|
484
AMERISAFE
AMSF
$369M
| $898K | 0.05% |
23,387
+12,561
| +116% | +$506K |
2024 Q1
7 quarters
|
|
485
AMN Healthcare
AMN
$1.43B
| $897K | 0.05% |
56,907
+48,001
| +539% | +$857K |
2025 Q3
1 quarter
|
|
486
Penske Automotive Group
PAG
$14B
| $892K | 0.05% |
5,636
-15,435
| -73% | -$2.54M |
2023 Q4
8 quarters
|
|
487
Mattel
MAT
$4.43B
| $892K | 0.05% |
44,944
+19,617
| +77% | +$379K |
2023 Q4
8 quarters
|
|
488
Morgan Stanley Direct Lending Fund
MSDL
$1.17B
| $890K | 0.05% |
54,024
+13,919
| +35% | +$235K |
2025 Q3
1 quarter
|
|
|
RAMP
489
DELISTED
LiveRamp
RAMP
| $889K | 0.05% |
30,257
+861
| +3% | +$24.7K |
2024 Q4
4 quarters
|
|
490
Virtu Financial
VIRT
$4.82B
| $888K | 0.05% |
26,665
+18,841
| +241% | +$644K |
2023 Q4
8 quarters
|
|
491
Simply Good Foods
SMPL
$1.05B
| $886K | 0.05% |
44,138
+5,060
| +13% | +$105K |
2023 Q4
8 quarters
|
|
492
Cavco Industries
CVCO
$4.93B
| $885K | 0.05% |
1,498
+493
| +49% | +$279K |
2024 Q2
6 quarters
|
|
493
Valvoline
VVV
$4.48B
| $885K | 0.05% |
30,442
-1,338
| -4% | -$43K |
2024 Q2
6 quarters
|
|
494
Blackstone Mortgage Trust
BXMT
$1.89B
| $884K | 0.05% |
46,214
+22,071
| +91% | +$418K |
2024 Q1
7 quarters
|
|
495
Apogee Enterprises
APOG
$958M
| $883K | 0.05% |
24,256
+15,107
| +165% | +$571K |
2025 Q3
1 quarter
|
|
496
Pitney Bowes
PBI
$2.13B
| $881K | 0.05% |
83,396
-2,020
| -2% | -$20.9K |
2024 Q4
4 quarters
|
|
497
Emerson Electric
EMR
$90.9B
| $877K | 0.05% |
6,611
-461
| -7% | -$61.2K |
2025 Q1
3 quarters
|
|
498
Deluxe
DLX
$1.26B
| $877K | 0.05% |
39,284
+23,109
| +143% | +$465K |
2024 Q1
7 quarters
|
|
499
Mohawk Industries
MHK
$8.7B
| $876K | 0.05% |
8,014
+5,240
| +189% | +$602K |
2023 Q4
8 quarters
|
|
500
Freeport-McMoran
FCX
$85.5B
| $876K | 0.05% |
17,242
+13,602
| +374% | +$589K |
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.