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 | |
|---|---|---|---|---|---|---|---|
776
Vivmark Residential
VMRK
$50.6B
| $531K | 0.03% |
8,428
+20
| +0.2% | +$1.23K |
2025 Q1
3 quarters
|
|
777
Openlane
OPLN
$4.35B
| $531K | 0.03% |
17,817
-6,495
| -27% | -$176K |
2023 Q4
8 quarters
|
|
778
DELISTED
Sleep Number
SNBR
| $530K | 0.03% |
62,593
-1,774
| -3% | -$11.2K |
2025 Q1
3 quarters
|
|
779
Bloom Energy
BE
$49.5B
| $529K | 0.03% |
6,089
+254
| +4% | +$26.7K |
2025 Q3
1 quarter
|
|
780
STAAR Surgical
STAA
$1.34B
| $528K | 0.03% |
22,872
+9,098
| +66% | +$234K |
2024 Q3
5 quarters
|
|
781
Brown & Brown
BRO
$24.7B
| $528K | 0.03% |
6,625
| – | – |
2025 Q2
2 quarters
|
|
782
DELISTED
Warner Bros
WBD
| $527K | 0.03% |
18,297
-3,166
| -15% | -$74K |
2025 Q1
3 quarters
|
|
783
Moelis & Co
MC
$4.32B
| $527K | 0.03% |
7,671
-35,118
| -82% | -$2.34M |
2024 Q4
4 quarters
|
|
784
Packaging Corp of America
PKG
$22.2B
| $527K | 0.03% |
2,554
+1,306
| +105% | +$266K |
2023 Q4
8 quarters
|
|
785
OSI Systems
OSIS
$3.01B
| $527K | 0.03% |
2,065
+37
| +2% | +$9.7K |
2025 Q3
1 quarter
|
|
786
Asana
ASAN
$2.56B
| $526K | 0.03% |
38,375
+16,892
| +79% | +$232K |
2024 Q3
5 quarters
|
|
787
Rexford Industrial Realty
REXR
$8.09B
| $526K | 0.03% |
13,582
-142
| -1% | -$5.86K |
2024 Q3
5 quarters
|
|
788
MasTec
MTZ
$12.8B
| $525K | 0.03% |
2,417
+1,498
| +163% | +$314K |
2024 Q1
7 quarters
|
|
789
Exelixis
EXEL
$16.8B
| $525K | 0.03% |
11,980
+6,859
| +134% | +$284K |
2023 Q4
8 quarters
|
|
790
Workday
WDAY
$48.3B
| $525K | 0.03% |
2,443
+957
| +64% | +$217K |
2024 Q1
7 quarters
|
|
791
Analog Devices
ADI
$175B
| $524K | 0.03% |
1,932
+869
| +82% | +$218K |
2025 Q3
1 quarter
|
|
792
ON Semiconductor
ON
$24.5B
| $524K | 0.03% |
9,668
-3,999
| -29% | -$205K |
2025 Q1
3 quarters
|
|
793
Kimberly-Clark
KMB
$36.7B
| $522K | 0.03% |
5,177
+3,098
| +149% | +$339K |
2023 Q4
8 quarters
|
|
794
Tootsie Roll Industries
TR
$2.95B
| $522K | 0.03% |
14,679
+796
| +6% | +$30.2K |
2023 Q4
8 quarters
|
|
795
CSX Corp
CSX
$94.1B
| $521K | 0.03% |
14,372
-35,490
| -71% | -$1.27M |
2023 Q4
8 quarters
|
|
796
Dover
DOV
$26.9B
| $519K | 0.03% |
2,656
-9,985
| -79% | -$1.82M |
2023 Q4
8 quarters
|
|
797
Mirum Pharmaceuticals
MIRM
$6.07B
| $517K | 0.03% |
6,551
-6,034
| -48% | -$433K |
2023 Q4
8 quarters
|
|
798
COPT Defense Properties
CDP
$3.67B
| $517K | 0.03% |
18,602
-97,749
| -84% | -$2.82M |
2024 Q1
7 quarters
|
|
799
Viking Therapeutics
VKTX
$3.29B
| $516K | 0.03% |
14,677
+6,792
| +86% | +$241K |
2023 Q4
8 quarters
|
|
800
Hayward Holdings
HAYW
$3.41B
| $516K | 0.03% |
33,399
+19,047
| +133% | +$301K |
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.