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 | |
|---|---|---|---|---|---|---|---|
601
Huntsman Corp
HUN
$1.72B
| $710K | 0.04% |
70,961
-20,109
| -22% | -$184K |
2023 Q4
8 quarters
|
|
602
S&T Bancorp
STBA
$1.79B
| $709K | 0.04% |
18,028
-11,260
| -38% | -$435K |
2024 Q3
5 quarters
|
|
603
Denali Therapeutics
DNLI
$3.15B
| $708K | 0.04% |
42,909
-31,513
| -42% | -$532K |
2024 Q3
5 quarters
|
|
604
Fair Isaac
FICO
$15.3B
| $708K | 0.04% |
419
+196
| +88% | +$337K |
2024 Q3
5 quarters
|
|
605
Ethan Allen Interiors
ETD
$522M
| $708K | 0.04% |
31,009
+26,424
| +576% | +$659K |
2024 Q2
6 quarters
|
|
606
Chemed
CHE
$6.92B
| $708K | 0.04% |
1,655
+1,641
| +11,721% | +$714K |
2024 Q1
7 quarters
|
|
607
Advanced Micro Devices
AMD
$660B
| $704K | 0.04% |
3,285
+269
| +9% | +$60.4K |
2025 Q3
1 quarter
|
|
608
AutoNation
AN
$6.02B
| $700K | 0.04% |
3,389
-788
| -19% | -$164K |
2023 Q4
8 quarters
|
|
609
Amentum Holdings
AMTM
$5.23B
| $699K | 0.04% |
24,111
| – | – |
2025 Q3
1 quarter
|
|
610
O-I Glass
OI
$830M
| $699K | 0.04% |
47,344
+13,032
| +38% | +$172K |
2025 Q1
3 quarters
|
|
611
DELISTED
National Storage Affiliates Trust
NSA
| $696K | 0.04% |
24,665
-26,104
| -51% | -$777K |
2024 Q1
7 quarters
|
|
612
Kirby Corp
KEX
$6.31B
| $696K | 0.04% |
6,314
-356
| -5% | -$36.2K |
2023 Q4
8 quarters
|
|
613
DELISTED
DigitalBridge
DBRG
| $693K | 0.04% |
45,200
+24,019
| +113% | +$289K |
2025 Q1
3 quarters
|
|
614
Applied Industrial Technologies
AIT
$10.3B
| $691K | 0.04% |
2,693
-10,096
| -79% | -$2.58M |
2025 Q2
2 quarters
|
|
615
Alpha Metallurgical Resources
AMR
$1.81B
| $691K | 0.04% |
3,457
+292
| +9% | +$50.5K |
2025 Q3
1 quarter
|
|
616
Constellation Brands
STZ
$24.5B
| $689K | 0.04% |
4,995
-6,302
| -56% | -$865K |
2024 Q3
5 quarters
|
|
617
Telephone and Data Systems
TDS
$3.73B
| $689K | 0.04% |
16,803
+3,231
| +24% | +$126K |
2023 Q4
8 quarters
|
|
618
Hess Midstream
HESM
$3.89B
| $681K | 0.04% |
19,746
-7,770
| -28% | -$261K |
2023 Q4
8 quarters
|
|
619
Dana Inc
DAN
$2.25B
| $681K | 0.04% |
28,663
-2,767
| -9% | -$58.5K |
2024 Q2
6 quarters
|
|
620
Harmonic Inc
HLIT
$1.02B
| $681K | 0.04% |
68,813
-46,405
| -40% | -$467K |
2024 Q3
5 quarters
|
|
621
Dave Inc
DAVE
$3.51B
| $678K | 0.04% |
3,060
-1,359
| -31% | -$292K |
2025 Q1
3 quarters
|
|
622
CryoPort
CYRX
$813M
| $677K | 0.04% |
70,562
+62,275
| +751% | +$588K |
2025 Q3
1 quarter
|
|
623
Lindblad Expeditions
LIND
$2.07B
| $674K | 0.04% |
46,731
-5,473
| -10% | -$69K |
2023 Q4
8 quarters
|
|
624
RPM International
RPM
$13.4B
| $673K | 0.04% |
6,469
-12,108
| -65% | -$1.31M |
2023 Q4
8 quarters
|
|
625
Accel Entertainment
ACEL
$1.12B
| $673K | 0.04% |
58,944
+5,133
| +10% | +$54.1K |
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.