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 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 | 12.77% |
| 4 | Technology | 10.66% |
| 5 | Healthcare | 8.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Autoliv
ALV
$8.46B
| $3.89M | 0.22% |
32,744
-1,450
| -4% | -$173K |
2025 Q3
1 quarter
|
|
52
Agilent Technologies
A
$49.3B
| $3.88M | 0.22% |
28,484
+27,691
| +3,492% | +$3.98M |
2024 Q1
7 quarters
|
|
53
Motorola Solutions
MSI
$81.3B
| $3.87M | 0.22% |
10,109
+4,993
| +98% | +$2.01M |
2023 Q4
8 quarters
|
|
54
Quest Diagnostics
DGX
$27.8B
| $3.85M | 0.22% |
22,173
+15,704
| +243% | +$2.86M |
2023 Q4
8 quarters
|
|
55
Dynatrace
DT
$16.7B
| $3.83M | 0.21% |
88,352
+86,808
| +5,622% | +$4.05M |
2024 Q1
7 quarters
|
|
56
GoDaddy
GDDY
$14.2B
| $3.83M | 0.21% |
30,829
+19,527
| +173% | +$2.53M |
2023 Q4
8 quarters
|
|
57
Fifth Third Bancorp
FITB
$48.9B
| $3.81M | 0.21% |
81,412
+43,734
| +116% | +$1.92M |
2024 Q3
5 quarters
|
|
58
Ametek
AME
$55.3B
| $3.76M | 0.21% |
18,333
-2,997
| -14% | -$583K |
2025 Q3
1 quarter
|
|
59
EOG Resources
EOG
$86.8B
| $3.73M | 0.21% |
35,494
+9,961
| +39% | +$1.07M |
2024 Q3
5 quarters
|
|
60
Chord Energy
CHRD
$8.59B
| $3.71M | 0.21% |
40,002
+12,069
| +43% | +$1.12M |
2024 Q1
7 quarters
|
|
61
Bentley Systems
BSY
$12.4B
| $3.69M | 0.21% |
96,644
+14,553
| +18% | +$663K |
2024 Q3
5 quarters
|
|
62
Ameriprise Financial
AMP
$42.7B
| $3.69M | 0.21% |
7,519
+3,981
| +113% | +$1.89M |
2023 Q4
8 quarters
|
|
63
DTE Energy
DTE
$28.2B
| $3.67M | 0.21% |
28,439
+24,055
| +549% | +$3.27M |
2024 Q1
7 quarters
|
|
64
First Hawaiian
FHB
$3.07B
| $3.66M | 0.2% |
144,631
-23,853
| -14% | -$593K |
2025 Q1
3 quarters
|
|
65
Bank OZK
OZK
$5.49B
| $3.66M | 0.2% |
79,429
+698
| +0.9% | +$32.7K |
2023 Q4
8 quarters
|
|
66
SEI Investments
SEIC
$12.3B
| $3.66M | 0.2% |
44,564
+8,219
| +23% | +$676K |
2023 Q4
8 quarters
|
|
67
Franklin Electric
FELE
$4.21B
| $3.64M | 0.2% |
38,088
-7,378
| -16% | -$704K |
2023 Q4
8 quarters
|
|
68
Axos Financial
AX
$5.13B
| $3.64M | 0.2% |
42,218
-5,621
| -12% | -$463K |
2023 Q4
8 quarters
|
|
69
Agree Realty
ADC
$8.73B
| $3.59M | 0.2% |
49,856
+47,276
| +1,832% | +$3.45M |
2025 Q3
1 quarter
|
|
70
HCA Healthcare
HCA
$98.8B
| $3.59M | 0.2% |
7,683
+1,684
| +28% | +$782K |
2023 Q4
8 quarters
|
|
71
EnerSys
ENS
$5.77B
| $3.57M | 0.2% |
24,324
+12,540
| +106% | +$1.67M |
2023 Q4
8 quarters
|
|
72
DELISTED
Hologic
HOLX
| $3.54M | 0.2% |
47,588
+44,574
| +1,479% | +$3.26M |
2023 Q4
8 quarters
|
|
73
Old Republic International
ORI
$9.24B
| $3.48M | 0.19% |
76,253
-22,185
| -23% | -$963K |
2023 Q4
8 quarters
|
|
74
DELISTED
Webster Financial
WBS
| $3.48M | 0.19% |
55,217
-14,909
| -21% | -$885K |
2023 Q4
8 quarters
|
|
75
National Fuel Gas
NFG
$7.56B
| $3.44M | 0.19% |
42,962
+19,469
| +83% | +$1.6M |
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.