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 | |
|---|---|---|---|---|---|---|---|
726
DELISTED
Anywhere Real Estate
HOUS
| $568K | 0.03% |
40,132
-50,220
| -56% | -$615K |
2025 Q3
1 quarter
|
|
727
CRA International
CRAI
$1.27B
| $568K | 0.03% |
2,830
-1,999
| -41% | -$377K |
2024 Q2
6 quarters
|
|
728
Factset
FDS
$12B
| $566K | 0.03% |
1,951
-1,260
| -39% | -$354K |
2023 Q4
8 quarters
|
|
729
News Corp Class B
NWS
$15.6B
| $566K | 0.03% |
19,102
| – | – |
2024 Q1
7 quarters
|
|
730
Archer Daniels Midland
ADM
$34B
| $566K | 0.03% |
9,842
-12,455
| -56% | -$744K |
2025 Q3
1 quarter
|
|
731
Aveanna Healthcare
AVAH
$2.98B
| $566K | 0.03% |
69,224
+32,914
| +91% | +$297K |
2025 Q3
1 quarter
|
|
732
Ollie's Bargain Outlet
OLLI
$5.52B
| $564K | 0.03% |
5,148
+5,052
| +5,263% | +$609K |
2024 Q3
5 quarters
|
|
|
VRE
733
DELISTED
Veris Residential
VRE
| $564K | 0.03% |
37,901
+29,502
| +351% | +$436K |
2024 Q2
6 quarters
|
|
734
Las Vegas Sands
LVS
$26.5B
| $564K | 0.03% |
8,660
+3,137
| +57% | +$192K |
2025 Q1
3 quarters
|
|
735
DELISTED
Avanos Medical
AVNS
| $563K | 0.03% |
50,147
-35,194
| -41% | -$403K |
2025 Q1
3 quarters
|
|
736
El Pollo Loco
LOCO
$501M
| $562K | 0.03% |
53,766
+7
| +0% | +$72 |
2023 Q4
8 quarters
|
|
|
737
Mueller Industries
MLI
$11.4B
| $562K | 0.03% |
9,794
-77,680
| -89% | -$4.18M |
2024 Q1
7 quarters
|
|
738
IQVIA
IQV
$43.7B
| $562K | 0.03% |
2,492
+1,830
| +276% | +$398K |
2023 Q4
8 quarters
|
|
739
Commerce Bancshares
CBSH
$7.84B
| $561K | 0.03% |
10,724
-21,111
| -66% | -$1.1M |
2024 Q3
5 quarters
|
|
740
KB Home
KBH
$3.16B
| $561K | 0.03% |
9,945
+2,980
| +43% | +$183K |
2025 Q1
3 quarters
|
|
741
ICF International
ICFI
$1.71B
| $561K | 0.03% |
6,572
+4,546
| +224% | +$386K |
2024 Q1
7 quarters
|
|
742
Centerspace
CSR
$983M
| $559K | 0.03% |
8,384
+3,526
| +73% | +$222K |
2024 Q3
5 quarters
|
|
743
Idexx Laboratories
IDXX
$52.8B
| $559K | 0.03% |
826
-19
| -2% | -$12.9K |
2023 Q4
8 quarters
|
|
744
TXNM Energy Inc
TXNM
$6.43B
| $558K | 0.03% |
9,474
-41,453
| -81% | -$2.39M |
2025 Q3
1 quarter
|
|
745
The Ensign Group
ENSG
$10.6B
| $557K | 0.03% |
3,199
+1,545
| +93% | +$278K |
2024 Q1
7 quarters
|
|
746
ICU Medical
ICUI
$4.19B
| $557K | 0.03% |
3,901
-491
| -11% | -$65.8K |
2025 Q1
3 quarters
|
|
747
Cars.com
CARS
$726M
| $556K | 0.03% |
45,593
+18,992
| +71% | +$221K |
2025 Q3
1 quarter
|
|
748
Renasant Corp
RNST
$3.58B
| $555K | 0.03% |
15,751
+721
| +5% | +$25.5K |
2025 Q3
1 quarter
|
|
749
Vericel Corp
VCEL
$2.65B
| $555K | 0.03% |
15,401
+12,069
| +362% | +$443K |
2025 Q2
2 quarters
|
|
750
Insulet
PODD
$10.8B
| $555K | 0.03% |
1,951
-1,907
| -49% | -$596K |
2024 Q3
5 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.