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 | |
|---|---|---|---|---|---|---|---|
551
Lamar Advertising Co
LAMR
$16B
| $778K | 0.04% |
6,143
-2,802
| -31% | -$351K |
2024 Q3
5 quarters
|
|
552
TD Synnex
SNX
$17.2B
| $777K | 0.04% |
5,170
+2,409
| +87% | +$370K |
2025 Q1
3 quarters
|
|
553
ePlus
PLUS
$2.36B
| $775K | 0.04% |
8,840
+1,440
| +19% | +$119K |
2024 Q1
7 quarters
|
|
554
MetLife
MET
$63.4B
| $775K | 0.04% |
9,814
+9,117
| +1,308% | +$722K |
2023 Q4
8 quarters
|
|
555
Grand Canyon Education
LOPE
$3.93B
| $770K | 0.04% |
4,632
+3,397
| +275% | +$614K |
2023 Q4
8 quarters
|
|
556
BGC Group
BGC
$5.25B
| $770K | 0.04% |
86,256
+42,824
| +99% | +$386K |
2025 Q3
1 quarter
|
|
557
Valley National Bancorp
VLY
$7.97B
| $770K | 0.04% |
65,890
+12,477
| +23% | +$138K |
2024 Q4
4 quarters
|
|
558
Polaris
PII
$3.85B
| $769K | 0.04% |
12,165
+10,683
| +721% | +$703K |
2024 Q4
4 quarters
|
|
559
MiMedx Group
MDXG
$467M
| $769K | 0.04% |
113,618
+81,610
| +255% | +$572K |
2024 Q4
4 quarters
|
|
560
Idacorp
IDA
$8.68B
| $769K | 0.04% |
6,077
-11,863
| -66% | -$1.54M |
2025 Q1
3 quarters
|
|
561
Acadia Pharmaceuticals
ACAD
$3.66B
| $769K | 0.04% |
28,794
-3,457
| -11% | -$82.6K |
2025 Q3
1 quarter
|
|
562
Howard Hughes
HHH
$4.66B
| $767K | 0.04% |
9,612
-24,465
| -72% | -$2.03M |
2024 Q1
7 quarters
|
|
563
Mueller Water Products
MWA
$3.75B
| $766K | 0.04% |
32,148
+24,997
| +350% | +$619K |
2025 Q2
2 quarters
|
|
564
Northwest Bancshares
NWBI
$2.32B
| $765K | 0.04% |
63,732
+3,122
| +5% | +$38K |
2023 Q4
8 quarters
|
|
565
DELISTED
Great Lakes Dredge & Dock
GLDD
| $764K | 0.04% |
58,257
-26,483
| -31% | -$326K |
2024 Q4
4 quarters
|
|
566
CNO Financial Group
CNO
$5.29B
| $762K | 0.04% |
17,945
-59,359
| -77% | -$2.42M |
2025 Q3
1 quarter
|
|
567
Avient
AVNT
$4.39B
| $761K | 0.04% |
24,361
-5,462
| -18% | -$169K |
2024 Q3
5 quarters
|
|
568
Essential Properties Realty Trust
EPRT
$6.24B
| $755K | 0.04% |
25,456
-16,264
| -39% | -$496K |
2025 Q3
1 quarter
|
|
569
Columbus McKinnon
CMCO
$537M
| $754K | 0.04% |
43,703
-24,419
| -36% | -$391K |
2023 Q4
8 quarters
|
|
570
Visteon
VC
$1.98B
| $754K | 0.04% |
7,926
-1,384
| -15% | -$147K |
2024 Q2
6 quarters
|
|
571
Fox Class A
FOXA
$28.5B
| $752K | 0.04% |
10,296
+6,084
| +144% | +$398K |
2024 Q3
5 quarters
|
|
572
International Money Express
IMXI
$221M
| $751K | 0.04% |
48,899
+48,259
| +7,540% | +$725K |
2025 Q1
3 quarters
|
|
573
Southwest Airlines
LUV
$21.8B
| $751K | 0.04% |
18,161
+15,144
| +502% | +$529K |
2025 Q1
3 quarters
|
|
574
Erie Indemnity
ERIE
$14.6B
| $750K | 0.04% |
2,617
+1,385
| +112% | +$413K |
2025 Q2
2 quarters
|
|
575
VeriSign
VRSN
$28B
| $749K | 0.04% |
3,081
-2,804
| -48% | -$704K |
2025 Q3
1 quarter
|
|
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.