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 | |
|---|---|---|---|---|---|---|---|
801
Kforce
KFRC
$999M
| $515K | 0.03% |
16,662
+13,691
| +461% | +$403K |
2024 Q2
6 quarters
|
|
802
FormFactor
FORM
$5.59B
| $515K | 0.03% |
9,236
-1,670
| -15% | -$84.2K |
2024 Q2
6 quarters
|
|
803
Community Bank
CBU
$3.39B
| $515K | 0.03% |
8,959
+8,957
| +447,850% | +$515K |
2024 Q3
5 quarters
|
|
804
Acadian Asset Management
AAMI
$3.25B
| $514K | 0.03% |
10,941
-261
| -2% | -$12K |
2024 Q2
6 quarters
|
|
805
GCM Grosvenor
GCMG
$764M
| $514K | 0.03% |
45,380
-10,032
| -18% | -$115K |
2025 Q3
1 quarter
|
|
806
Boise Cascade
BCC
$2.58B
| $513K | 0.03% |
6,971
-28,902
| -81% | -$2.11M |
2024 Q1
7 quarters
|
|
807
DELISTED
Forte Biosciences
FBRX
| $513K | 0.03% |
18,804
+6,513
| +53% | +$114K |
2025 Q1
3 quarters
|
|
808
NETSCOUT
NTCT
$2.31B
| $512K | 0.03% |
18,926
-31,329
| -62% | -$847K |
2024 Q2
6 quarters
|
|
809
SouthState Bank Corp
SSB
$10.1B
| $511K | 0.03% |
5,432
-567
| -9% | -$52.5K |
2025 Q1
3 quarters
|
|
810
Transmedics
TMDX
$2.39B
| $511K | 0.03% |
4,202
+2,652
| +171% | +$333K |
2024 Q4
4 quarters
|
|
811
Regeneron Pharmaceuticals
REGN
$93.4B
| $511K | 0.03% |
662
-1,188
| -64% | -$807K |
2023 Q4
8 quarters
|
|
812
Boston Properties
BXP
$10.4B
| $511K | 0.03% |
7,567
+2,364
| +45% | +$168K |
2025 Q2
2 quarters
|
|
813
Gentherm
THRM
$1.61B
| $510K | 0.03% |
14,033
-28,142
| -67% | -$1.01M |
2024 Q1
7 quarters
|
|
814
DELISTED
Golden Entertainment
GDEN
| $510K | 0.03% |
18,743
-9,239
| -33% | -$239K |
2025 Q1
3 quarters
|
|
815
Riley Exploration Permian
REPX
$891M
| $509K | 0.03% |
19,292
-6,973
| -27% | -$185K |
2024 Q1
7 quarters
|
|
|
ALEX
816
DELISTED
Alexander & Baldwin
ALEX
| $509K | 0.03% |
24,668
-36,712
| -60% | -$638K |
2025 Q3
1 quarter
|
|
817
Koppers
KOP
$749M
| $506K | 0.03% |
18,671
+4,617
| +33% | +$129K |
2024 Q1
7 quarters
|
|
818
RingCentral
RNG
$6.2B
| $505K | 0.03% |
17,475
-681
| -4% | -$19.4K |
2023 Q4
8 quarters
|
|
819
Dine Brands
DIN
$453M
| $504K | 0.03% |
15,667
+9,277
| +145% | +$269K |
2024 Q1
7 quarters
|
|
820
lululemon athletica
LULU
$12.9B
| $503K | 0.03% |
2,422
-133
| -5% | -$24.1K |
2025 Q1
3 quarters
|
|
821
Curtiss-Wright
CW
$16B
| $503K | 0.03% |
912
+498
| +120% | +$278K |
2023 Q4
8 quarters
|
|
822
Vita Coco
COCO
$3.63B
| $503K | 0.03% |
9,484
+1,770
| +23% | +$83K |
2024 Q1
7 quarters
|
|
823
CVRx
CVRX
$38.6M
| $503K | 0.03% |
70,795
+62,308
| +734% | +$569K |
2024 Q1
7 quarters
|
|
824
GE HealthCare
GEHC
$37.9B
| $502K | 0.03% |
6,124
-191
| -3% | -$14.9K |
2024 Q4
4 quarters
|
|
825
Compass
COMP
$7.05B
| $500K | 0.03% |
47,311
+32,185
| +213% | +$294K |
2025 Q1
3 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.