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 | |
|---|---|---|---|---|---|---|---|
626
Commault Systems
CVLT
$6.45B
| $672K | 0.04% |
5,361
+2,751
| +105% | +$387K |
2023 Q4
8 quarters
|
|
627
10x Genomics
TXG
$7.56B
| $671K | 0.04% |
41,159
-92,260
| -69% | -$1.39M |
2024 Q1
7 quarters
|
|
628
Clear Secure
YOU
$5.81B
| $671K | 0.04% |
19,135
-3,439
| -15% | -$117K |
2023 Q4
8 quarters
|
|
629
Cracker Barrel
CBRL
$1.52B
| $668K | 0.04% |
26,294
+14,799
| +129% | +$473K |
2025 Q1
3 quarters
|
|
630
DNOW Inc
DNOW
$2.48B
| $668K | 0.04% |
50,404
-11,428
| -18% | -$160K |
2024 Q2
6 quarters
|
|
631
Castle Biosciences
CSTL
$1.04B
| $666K | 0.04% |
17,116
+2,572
| +18% | +$82.9K |
2024 Q1
7 quarters
|
|
632
CME Group
CME
$110B
| $664K | 0.04% |
2,432
+793
| +48% | +$215K |
2024 Q1
7 quarters
|
|
633
Teradyne
TER
$33.2B
| $662K | 0.04% |
3,418
+1,384
| +68% | +$237K |
2023 Q4
8 quarters
|
|
634
Apollo Global Management
APO
$69.3B
| $661K | 0.04% |
4,568
+1,552
| +51% | +$206K |
2025 Q1
3 quarters
|
|
635
Truist Financial
TFC
$59.7B
| $661K | 0.04% |
13,434
-47,215
| -78% | -$2.17M |
2023 Q4
8 quarters
|
|
636
Yum China
YUMC
$16.7B
| $661K | 0.04% |
13,841
-46,601
| -77% | -$2.13M |
2023 Q4
8 quarters
|
|
637
Enviri
NVRI
$659M
| $659K | 0.04% |
36,793
-65,450
| -64% | -$975K |
2024 Q3
5 quarters
|
|
638
American Eagle Outfitters
AEO
$3.41B
| $658K | 0.04% |
24,939
-4,066
| -14% | -$80.4K |
2025 Q3
1 quarter
|
|
639
La-Z-Boy
LZB
$1.31B
| $657K | 0.04% |
17,624
+16,973
| +2,607% | +$595K |
2025 Q2
2 quarters
|
|
640
First Solar
FSLR
$21B
| $656K | 0.04% |
2,510
+827
| +49% | +$209K |
2023 Q4
8 quarters
|
|
641
CoStar Group
CSGP
$12.9B
| $654K | 0.04% |
9,729
+8,660
| +810% | +$613K |
2025 Q3
1 quarter
|
|
642
Keros Therapeutics
KROS
$187M
| $653K | 0.04% |
32,090
+16,841
| +110% | +$295K |
2023 Q4
8 quarters
|
|
643
Oppenheimer Holdings
OPY
$944M
| $652K | 0.04% |
9,024
+5,764
| +177% | +$401K |
2025 Q2
2 quarters
|
|
644
Amazon
AMZN
$2.81T
| $649K | 0.04% |
2,810
+878
| +45% | +$201K |
2025 Q3
1 quarter
|
|
645
Expedia Group
EXPE
$32.7B
| $648K | 0.04% |
2,288
+1,521
| +198% | +$376K |
2024 Q3
5 quarters
|
|
646
Entergy
ETR
$52.7B
| $644K | 0.04% |
6,970
+5,719
| +457% | +$542K |
2025 Q1
3 quarters
|
|
647
Ladder Capital
LADR
$1.15B
| $643K | 0.04% |
58,524
-111,835
| -66% | -$1.21M |
2023 Q4
8 quarters
|
|
648
Kinder Morgan
KMI
$67.3B
| $641K | 0.04% |
23,303
-982
| -4% | -$26.5K |
2025 Q1
3 quarters
|
|
649
Becton Dickinson
BDX
$58.2B
| $640K | 0.04% |
3,300
-1,691
| -34% | -$322K |
2025 Q3
1 quarter
|
|
650
V2X
VVX
$2.32B
| $639K | 0.04% |
11,717
+3,788
| +48% | +$213K |
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.