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 | |
|---|---|---|---|---|---|---|---|
576
Alnylam Pharmaceuticals
ALNY
$21B
| $748K | 0.04% |
1,881
+1,550
| +468% | +$686K |
2025 Q2
2 quarters
|
|
577
NewMarket
NEU
$6.37B
| $748K | 0.04% |
1,088
-1,646
| -60% | -$1.26M |
2025 Q1
3 quarters
|
|
578
Snowflake
SNOW
$95.1B
| $744K | 0.04% |
3,390
+454
| +15% | +$111K |
2025 Q2
2 quarters
|
|
579
Lennar Class A
LEN
$21.8B
| $739K | 0.04% |
7,190
+1,221
| +20% | +$147K |
2023 Q4
8 quarters
|
|
580
Kulicke & Soffa
KLIC
$3.13B
| $738K | 0.04% |
16,199
-10,898
| -40% | -$460K |
2024 Q1
7 quarters
|
|
581
DoorDash
DASH
$78.4B
| $738K | 0.04% |
3,258
+819
| +34% | +$192K |
2024 Q1
7 quarters
|
|
582
Douglas Dynamics
PLOW
$850M
| $738K | 0.04% |
22,594
-2,854
| -11% | -$90.3K |
2024 Q3
5 quarters
|
|
583
DELISTED
Crinetics Pharmaceuticals
CRNX
| $738K | 0.04% |
15,844
+1,136
| +8% | +$50.6K |
2025 Q2
2 quarters
|
|
584
Dow Inc
DOW
$23.1B
| $735K | 0.04% |
31,446
+26,102
| +488% | +$600K |
2025 Q1
3 quarters
|
|
585
Keysight
KEYS
$44.4B
| $735K | 0.04% |
3,617
+538
| +17% | +$100K |
2024 Q1
7 quarters
|
|
586
Envista
NVST
$4.01B
| $732K | 0.04% |
33,700
+15,843
| +89% | +$325K |
2025 Q1
3 quarters
|
|
587
Mercury Insurance
MCY
$4.68B
| $730K | 0.04% |
7,764
+5,555
| +251% | +$482K |
2023 Q4
8 quarters
|
|
588
Allison Transmission
ALSN
$9.6B
| $730K | 0.04% |
7,456
-32,206
| -81% | -$2.82M |
2023 Q4
8 quarters
|
|
589
Bright Horizons
BFAM
$2.66B
| $728K | 0.04% |
7,183
-1,262
| -15% | -$127K |
2024 Q1
7 quarters
|
|
590
Micron Technology
MU
$743B
| $728K | 0.04% |
2,550
-491
| -16% | -$113K |
2025 Q1
3 quarters
|
|
591
First Interstate BancSystem
FIBK
$3.55B
| $724K | 0.04% |
20,927
-37,463
| -64% | -$1.23M |
2024 Q1
7 quarters
|
|
592
XPEL
XPEL
$1.1B
| $723K | 0.04% |
14,495
+9,403
| +185% | +$393K |
2025 Q2
2 quarters
|
|
593
Bruker
BRKR
$8.85B
| $720K | 0.04% |
15,285
+4,118
| +37% | +$174K |
2024 Q1
7 quarters
|
|
594
Safehold
SAFE
$753M
| $720K | 0.04% |
52,575
+37,848
| +257% | +$538K |
2024 Q2
6 quarters
|
|
595
Bristol-Myers Squibb
BMY
$129B
| $719K | 0.04% |
13,321
+2,004
| +18% | +$96.4K |
2023 Q4
8 quarters
|
|
596
DELISTED
REV Group
REVG
| $718K | 0.04% |
11,811
+9,037
| +326% | +$507K |
2025 Q1
3 quarters
|
|
597
Kennametal
KMT
$1.77B
| $718K | 0.04% |
25,272
+4,951
| +24% | +$126K |
2025 Q1
3 quarters
|
|
598
Sally Beauty Holdings
SBH
$1.75B
| $714K | 0.04% |
50,043
+27,786
| +125% | +$419K |
2025 Q3
1 quarter
|
|
599
PTC
PTC
$21.1B
| $713K | 0.04% |
4,094
-246
| -6% | -$45.7K |
2024 Q4
4 quarters
|
|
|
600
Prosperity Bancshares
PB
$8.62B
| $710K | 0.04% |
10,276
-62,945
| -86% | -$4.25M |
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.