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 | |
|---|---|---|---|---|---|---|---|
876
Toast
TOST
$20.4B
| $472K | 0.03% |
13,279
+7,397
| +126% | +$267K |
2024 Q3
5 quarters
|
|
877
Dycom Industries
DY
$6.4B
| $470K | 0.03% |
1,392
+926
| +199% | +$292K |
2025 Q1
3 quarters
|
|
878
HNI Corp
HNI
$3.55B
| $470K | 0.03% |
11,185
-61,459
| -85% | -$2.6M |
2025 Q2
2 quarters
|
|
879
Astec Industries
ASTE
$905M
| $470K | 0.03% |
10,849
+6,811
| +169% | +$311K |
2025 Q3
1 quarter
|
|
880
MP Materials
MP
$6.4B
| $470K | 0.03% |
9,300
+832
| +10% | +$52.8K |
2023 Q4
8 quarters
|
|
881
Zillow
ZG
$7.75B
| $469K | 0.03% |
6,877
+1,194
| +21% | +$84K |
2024 Q3
5 quarters
|
|
882
Phathom Pharmaceuticals
PHAT
$462M
| $469K | 0.03% |
28,250
-26,344
| -48% | -$376K |
2024 Q3
5 quarters
|
|
883
Phinia Inc
PHIN
$2.58B
| $467K | 0.03% |
7,455
-39,021
| -84% | -$2.16M |
2024 Q4
4 quarters
|
|
884
Geospace Technologies
GEOS
$51M
| $467K | 0.03% |
27,604
+2,878
| +12% | +$57.8K |
2025 Q3
1 quarter
|
|
885
Kymera Therapeutics
KYMR
$11.6B
| $466K | 0.03% |
5,984
-94
| -2% | -$6.35K |
2025 Q2
2 quarters
|
|
886
Aebi Schmidt Holding AG
AEBI
$903M
| $465K | 0.03% |
36,737
| – | – |
2025 Q3
1 quarter
|
|
887
FMC
FMC
$999M
| $464K | 0.03% |
33,469
+19,429
| +138% | +$370K |
2025 Q1
3 quarters
|
|
888
Veeco
VECO
$2.2B
| $464K | 0.03% |
16,222
+8,847
| +120% | +$262K |
2024 Q1
7 quarters
|
|
889
WD-40
WDFC
$3.12B
| $464K | 0.03% |
2,354
+572
| +32% | +$113K |
2024 Q2
6 quarters
|
|
890
Happen Inc
HAPN
$1.92B
| $463K | 0.03% |
24,460
-19,923
| -45% | -$352K |
2023 Q4
8 quarters
|
|
891
PennyMac Mortgage Investment
PMT
$722M
| $461K | 0.03% |
36,771
+5,757
| +19% | +$71.8K |
2025 Q3
1 quarter
|
|
892
DELISTED
Comerica
CMA
| $460K | 0.03% |
5,292
+2,217
| +72% | +$178K |
2024 Q1
7 quarters
|
|
893
Quanex
NX
$1.03B
| $459K | 0.03% |
29,876
+3,004
| +11% | +$42.5K |
2023 Q4
8 quarters
|
|
894
Albany International
AIN
$2.04B
| $459K | 0.03% |
9,062
+192
| +2% | +$9.9K |
2025 Q3
1 quarter
|
|
895
Cytokinetics
CYTK
$8.84B
| $459K | 0.03% |
7,224
+2,365
| +49% | +$147K |
2024 Q2
6 quarters
|
|
896
NBT Bancorp
NBTB
$2.8B
| $459K | 0.03% |
11,055
+1,930
| +21% | +$80.2K |
2024 Q3
5 quarters
|
|
897
American Airlines Group
AAL
$9.03B
| $457K | 0.03% |
29,814
+6,968
| +30% | +$94K |
2025 Q1
3 quarters
|
|
898
Q2 Holdings
QTWO
$4.6B
| $456K | 0.03% |
6,319
-5,343
| -46% | -$367K |
2024 Q4
4 quarters
|
|
899
Roblox
RBLX
$35.3B
| $453K | 0.03% |
5,593
+2,980
| +114% | +$316K |
2024 Q3
5 quarters
|
|
900
Huntington Ingalls Industries
HII
$12B
| $453K | 0.03% |
1,332
-2,835
| -68% | -$880K |
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.