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 | |
|---|---|---|---|---|---|---|---|
676
D-Wave Quantum Inc
QBTS
$3.44B
| $613K | 0.03% |
23,458
-5,669
| -19% | -$165K |
2025 Q1
3 quarters
|
|
677
Klaviyo
KVYO
$5.93B
| $613K | 0.03% |
18,877
-267
| -1% | -$7.48K |
2025 Q1
3 quarters
|
|
678
MGE Energy Inc
MGEE
$2.96B
| $612K | 0.03% |
7,799
-473
| -6% | -$38.9K |
2023 Q4
8 quarters
|
|
679
Conagra Brands
CAG
$7.4B
| $610K | 0.03% |
35,242
+32,800
| +1,343% | +$582K |
2024 Q4
4 quarters
|
|
680
EchoStar
ECHO
$26.2B
| $610K | 0.03% |
5,611
+1,952
| +53% | +$159K |
2025 Q2
2 quarters
|
|
681
Cleveland-Cliffs
CLF
$6.43B
| $609K | 0.03% |
45,886
-5,581
| -11% | -$70.5K |
2023 Q4
8 quarters
|
|
682
Tractor Supply
TSCO
$19.1B
| $609K | 0.03% |
12,179
-20,805
| -63% | -$1.12M |
2025 Q2
2 quarters
|
|
683
CVS Health
CVS
$104B
| $608K | 0.03% |
7,664
+2,065
| +37% | +$163K |
2024 Q3
5 quarters
|
|
684
Centene
CNC
$36.7B
| $607K | 0.03% |
14,760
+8,947
| +154% | +$335K |
2023 Q4
8 quarters
|
|
685
United Therapeutics
UTHR
$24.3B
| $607K | 0.03% |
1,246
+811
| +186% | +$378K |
2023 Q4
8 quarters
|
|
686
ManpowerGroup
MAN
$2.15B
| $605K | 0.03% |
20,347
+18,127
| +817% | +$566K |
2023 Q4
8 quarters
|
|
687
Corebridge Financial
CRBG
$15.3B
| $604K | 0.03% |
20,033
+6,399
| +47% | +$197K |
2024 Q1
7 quarters
|
|
688
Riot Platforms
RIOT
$5.54B
| $604K | 0.03% |
47,690
+5,044
| +12% | +$86.3K |
2024 Q1
7 quarters
|
|
689
Quantum Computing Inc
QUBT
$1.27B
| $601K | 0.03% |
58,551
+18,853
| +47% | +$268K |
2025 Q1
3 quarters
|
|
690
Champion Homes
SKY
$5.06B
| $601K | 0.03% |
7,107
+1,509
| +27% | +$119K |
2024 Q2
6 quarters
|
|
691
Graham Holdings Company
GHC
$5.08B
| $600K | 0.03% |
546
-1,746
| -76% | -$1.87M |
2023 Q4
8 quarters
|
|
692
DELISTED
American Express Global Business Travel
GBTG
| $599K | 0.03% |
78,338
+6,373
| +9% | +$49.4K |
2024 Q3
5 quarters
|
|
693
Skywest
SKYW
$3.04B
| $598K | 0.03% |
5,952
+2,435
| +69% | +$244K |
2024 Q2
6 quarters
|
|
694
American Express
AXP
$218B
| $596K | 0.03% |
1,612
+288
| +22% | +$103K |
2025 Q3
1 quarter
|
|
695
BioCryst Pharmaceuticals
BCRX
$1.95B
| $596K | 0.03% |
76,405
+12,302
| +19% | +$88.9K |
2024 Q3
5 quarters
|
|
696
Embecta
EMBC
$359M
| $594K | 0.03% |
49,981
+49,285
| +7,081% | +$650K |
2024 Q3
5 quarters
|
|
697
SLB Ltd
SLB
$73.3B
| $593K | 0.03% |
15,441
| – | – |
2025 Q3
1 quarter
|
|
698
Antero Resources
AR
$11.2B
| $592K | 0.03% |
17,192
+2,548
| +17% | +$86.3K |
2025 Q1
3 quarters
|
|
|
CBZ
699
DELISTED
CBIZ
CBZ
| $592K | 0.03% |
11,728
+10,547
| +893% | +$555K |
2025 Q2
2 quarters
|
|
700
Cass Information Systems
CASS
$696M
| $591K | 0.03% |
14,233
+7,892
| +124% | +$321K |
2024 Q2
6 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.