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 | |
|---|---|---|---|---|---|---|---|
851
Greif
GEF
$4.62B
| $485K | 0.03% |
7,157
-13,263
| -65% | -$831K |
2025 Q3
1 quarter
|
|
852
Tapestry
TPR
$24.9B
| $484K | 0.03% |
3,787
+1,522
| +67% | +$174K |
2024 Q1
7 quarters
|
|
853
Skyward Specialty Insurance
SKWD
$2.76B
| $483K | 0.03% |
9,452
+1,933
| +26% | +$92.9K |
2024 Q4
4 quarters
|
|
854
Third Coast Bancshares
TCBX
$664M
| $483K | 0.03% |
12,709
+1,744
| +16% | +$66.7K |
2025 Q1
3 quarters
|
|
855
American Assets Trust
AAT
$1.33B
| $483K | 0.03% |
25,511
-44,803
| -64% | -$865K |
2025 Q3
1 quarter
|
|
856
Reynolds Consumer Products
REYN
$5.08B
| $482K | 0.03% |
21,034
+16,644
| +379% | +$401K |
2023 Q4
8 quarters
|
|
857
Saul Centers
BFS
$709M
| $481K | 0.03% |
15,252
-2,292
| -13% | -$70.4K |
2024 Q1
7 quarters
|
|
858
KBR
KBR
$5B
| $481K | 0.03% |
11,957
-8,152
| -41% | -$349K |
2023 Q4
8 quarters
|
|
859
Fluor
FLR
$6.42B
| $481K | 0.03% |
12,128
+9,376
| +341% | +$415K |
2024 Q2
6 quarters
|
|
860
Atlanta Braves Holdings Series A
BATRA
$3.62B
| $481K | 0.03% |
11,310
+2,589
| +30% | +$111K |
2025 Q3
1 quarter
|
|
861
Block Inc
XYZ
$52.6B
| $479K | 0.03% |
7,364
+1,434
| +24% | +$98.9K |
2024 Q4
4 quarters
|
|
862
Saic
SAIC
$6.35B
| $479K | 0.03% |
4,761
-4,874
| -51% | -$465K |
2023 Q4
8 quarters
|
|
863
Talen Energy Corp
TLN
$16.9B
| $479K | 0.03% |
1,278
+10
| +0.8% | +$3.89K |
2025 Q1
3 quarters
|
|
864
Eos Energy Enterprises
EOSE
$779M
| $479K | 0.03% |
41,800
+573
| +1% | +$8.23K |
2025 Q3
1 quarter
|
|
865
H&R Block
HRB
$6.79B
| $479K | 0.03% |
10,985
+4,895
| +80% | +$229K |
2025 Q3
1 quarter
|
|
|
MSGK
866
MSG Knickerbockers Corp.
MSGK
$7.83B
| $479K | 0.03% |
1,850
+51
| +3% | +$11.6K |
2024 Q3
5 quarters
|
|
867
Jack in the Box
JACK
$255M
| $477K | 0.03% |
25,191
+12,694
| +102% | +$230K |
2023 Q4
8 quarters
|
|
868
Stoke Therapeutics
STOK
$1.74B
| $477K | 0.03% |
15,036
-59
| -0.4% | -$1.77K |
2025 Q1
3 quarters
|
|
869
Unitil
UTL
$1.03B
| $477K | 0.03% |
9,841
+4,742
| +93% | +$231K |
2025 Q1
3 quarters
|
|
870
Extreme Networks
EXTR
$2.99B
| $476K | 0.03% |
28,595
+16,182
| +130% | +$297K |
2025 Q1
3 quarters
|
|
871
DELISTED
Jamf
JAMF
| $476K | 0.03% |
36,575
-7,817
| -18% | -$94.9K |
2024 Q1
7 quarters
|
|
872
Robert Half
RHI
$4.6B
| $475K | 0.03% |
17,488
+10,196
| +140% | +$291K |
2024 Q1
7 quarters
|
|
873
ADT
ADT
$7.23B
| $474K | 0.03% |
58,742
+5,442
| +10% | +$45.2K |
2024 Q3
5 quarters
|
|
874
Tactile Systems Technology
TCMD
$616M
| $474K | 0.03% |
16,328
+232
| +1% | +$5.15K |
2024 Q4
4 quarters
|
|
875
ASP Isotopes
ASPI
$293M
| $472K | 0.03% |
88,177
+59,905
| +212% | +$476K |
2025 Q2
2 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.