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 | |
|---|---|---|---|---|---|---|---|
526
Walker & Dunlop
WD
$1.32B
| $823K | 0.05% |
13,678
+10,204
| +294% | +$724K |
2025 Q1
3 quarters
|
|
527
HealthStream
HSTM
$994M
| $815K | 0.05% |
35,313
+23,513
| +199% | +$591K |
2023 Q4
8 quarters
|
|
528
SandRidge Energy
SD
$468M
| $813K | 0.05% |
56,318
+17,516
| +45% | +$232K |
2024 Q3
5 quarters
|
|
529
Citi Trends
CTRN
$438M
| $812K | 0.05% |
19,540
+11,214
| +135% | +$443K |
2024 Q3
5 quarters
|
|
530
Allstate
ALL
$67.4B
| $812K | 0.05% |
3,901
+3,353
| +612% | +$686K |
2025 Q3
1 quarter
|
|
531
Spire
SR
$5.28B
| $812K | 0.05% |
9,815
+3,847
| +64% | +$328K |
2024 Q2
6 quarters
|
|
532
Digital Realty Trust
DLR
$66.1B
| $811K | 0.05% |
5,244
-208
| -4% | -$34.2K |
2025 Q1
3 quarters
|
|
533
Centrus Energy
LEU
$1.82B
| $810K | 0.05% |
3,337
-491
| -13% | -$148K |
2024 Q4
4 quarters
|
|
534
National Healthcare
NHC
$3.25B
| $810K | 0.05% |
5,908
+1,215
| +26% | +$157K |
2024 Q4
4 quarters
|
|
535
Easterly Government Properties
DEA
$1.1B
| $807K | 0.05% |
38,094
-38,680
| -50% | -$839K |
2024 Q3
5 quarters
|
|
536
New York Times
NYT
$10.7B
| $804K | 0.05% |
11,577
-69
| -0.6% | -$4.28K |
2023 Q4
8 quarters
|
|
537
Amgen
AMGN
$249B
| $800K | 0.04% |
2,445
-876
| -26% | -$278K |
2025 Q3
1 quarter
|
|
538
Intuit
INTU
$94.8B
| $794K | 0.04% |
1,199
-364
| -23% | -$241K |
2024 Q1
7 quarters
|
|
539
Gaming and Leisure Properties
GLPI
$11.5B
| $793K | 0.04% |
17,751
-57,235
| -76% | -$2.54M |
2025 Q1
3 quarters
|
|
540
DELISTED
PotlatchDeltic
PCH
| $793K | 0.04% |
19,926
-9,291
| -32% | -$376K |
2024 Q2
6 quarters
|
|
541
Jabil
JBL
$24.3B
| $792K | 0.04% |
3,472
+237
| +7% | +$50.6K |
2023 Q4
8 quarters
|
|
542
Cactus
WHD
$4.44B
| $791K | 0.04% |
17,326
+1,958
| +13% | +$81.8K |
2024 Q3
5 quarters
|
|
543
Beam Therapeutics
BEAM
$2.68B
| $791K | 0.04% |
28,549
-2,111
| -7% | -$53.9K |
2024 Q1
7 quarters
|
|
544
Fidelity National Information Services
FIS
$15.2B
| $790K | 0.04% |
11,882
+4,156
| +54% | +$274K |
2024 Q3
5 quarters
|
|
545
Vitesse Energy
VTS
$618M
| $789K | 0.04% |
40,977
+23,727
| +138% | +$506K |
2024 Q3
5 quarters
|
|
546
DELISTED
Civitas Resources
CIVI
| $789K | 0.04% |
29,108
-922
| -3% | -$26.7K |
2024 Q1
7 quarters
|
|
|
547
LCI Industries
LCII
$2.54B
| $785K | 0.04% |
6,467
-40,590
| -86% | -$4.32M |
2024 Q1
7 quarters
|
|
548
Tandem Diabetes Care
TNDM
$1.25B
| $783K | 0.04% |
35,634
+12,724
| +56% | +$230K |
2024 Q1
7 quarters
|
|
549
Shift4
FOUR
$3.38B
| $783K | 0.04% |
12,438
-2,847
| -19% | -$201K |
2025 Q1
3 quarters
|
|
550
Academy Sports + Outdoors
ASO
$4.18B
| $779K | 0.04% |
15,583
+2,838
| +22% | +$141K |
2024 Q1
7 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.