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 | |
|---|---|---|---|---|---|---|---|
701
Radian Group
RDN
$4.93B
| $590K | 0.03% |
16,396
-9,208
| -36% | -$321K |
2024 Q3
5 quarters
|
|
702
Schrodinger
SDGR
$2.15B
| $590K | 0.03% |
32,980
-90
| -0.3% | -$1.71K |
2023 Q4
8 quarters
|
|
703
Guidewire Software
GWRE
$13.8B
| $589K | 0.03% |
2,932
+1,373
| +88% | +$304K |
2024 Q1
7 quarters
|
|
704
The Gap Inc
GAP
$7.87B
| $589K | 0.03% |
23,018
+17,862
| +346% | +$433K |
2024 Q2
6 quarters
|
|
705
HP
HPQ
$26.5B
| $589K | 0.03% |
26,430
+2,292
| +9% | +$58.4K |
2023 Q4
8 quarters
|
|
706
DELISTED
Synovus
SNV
| $589K | 0.03% |
11,760
-31,461
| -73% | -$1.51M |
2024 Q3
5 quarters
|
|
707
Bank of America
BAC
$343B
| $587K | 0.03% |
10,681
-40,304
| -79% | -$2.13M |
2025 Q3
1 quarter
|
|
708
Service Corp International
SCI
$10.3B
| $587K | 0.03% |
7,533
+3
| +0% | +$240 |
2025 Q1
3 quarters
|
|
709
General Motors
GM
$75.8B
| $587K | 0.03% |
7,219
-36,028
| -83% | -$2.54M |
2023 Q4
8 quarters
|
|
710
ESCO Technologies
ESE
$5.85B
| $586K | 0.03% |
3,001
+2,185
| +268% | +$461K |
2024 Q1
7 quarters
|
|
711
Warby Parker
WRBY
$3.22B
| $586K | 0.03% |
26,882
+23,330
| +657% | +$508K |
2024 Q1
7 quarters
|
|
712
Phillips Edison & Co
PECO
$5.28B
| $585K | 0.03% |
16,454
-15,294
| -48% | -$531K |
2024 Q1
7 quarters
|
|
713
Four Corners Property Trust
FCPT
$2.6B
| $584K | 0.03% |
25,331
-10,548
| -29% | -$251K |
2024 Q3
5 quarters
|
|
714
Roku
ROKU
$23.8B
| $584K | 0.03% |
5,382
-1,572
| -23% | -$160K |
2024 Q4
4 quarters
|
|
715
Coupang
CPNG
$29.5B
| $583K | 0.03% |
24,711
+22,205
| +886% | +$632K |
2024 Q3
5 quarters
|
|
716
Carrier Global
CARR
$43.5B
| $583K | 0.03% |
11,030
-7,211
| -40% | -$401K |
2024 Q3
5 quarters
|
|
717
DELISTED
Enhabit
EHAB
| $579K | 0.03% |
62,793
+9,421
| +18% | +$81.6K |
2024 Q2
6 quarters
|
|
718
Illumina
ILMN
$31.4B
| $577K | 0.03% |
4,396
+2,837
| +182% | +$333K |
2025 Q1
3 quarters
|
|
719
Comcast
CMCSA
$88.6B
| $576K | 0.03% |
19,274
-91,170
| -83% | -$2.6M |
2023 Q4
8 quarters
|
|
720
Cinemark Holdings
CNK
$4.64B
| $573K | 0.03% |
24,674
+4,510
| +22% | +$119K |
2024 Q3
5 quarters
|
|
721
DELISTED
Sealed Air
SEE
| $573K | 0.03% |
13,829
+8,603
| +165% | +$333K |
2023 Q4
8 quarters
|
|
722
Immersion
IMMR
$221M
| $571K | 0.03% |
83,983
+9,173
| +12% | +$62.2K |
2024 Q4
4 quarters
|
|
723
Nextpower Inc. Common Stock
NXT
$15.1B
| $569K | 0.03% |
6,529
+1,281
| +24% | +$116K |
2025 Q3
1 quarter
|
|
724
Simpson Manufacturing
SSD
$8.15B
| $569K | 0.03% |
3,522
-5,591
| -61% | -$945K |
2024 Q3
5 quarters
|
|
725
Garrett Motion
GTX
$3.57B
| $568K | 0.03% |
32,607
+7,311
| +29% | +$116K |
2024 Q1
7 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.