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 | |
|---|---|---|---|---|---|---|---|
926
DELISTED
Coterra Energy
CTRA
| $437K | 0.02% |
16,599
-328
| -2% | -$8.26K |
2023 Q4
8 quarters
|
|
927
Andersons Inc
ANDE
$1.88B
| $437K | 0.02% |
8,214
-50,676
| -86% | -$2.48M |
2025 Q3
1 quarter
|
|
928
Chefs' Warehouse
CHEF
$4.64B
| $436K | 0.02% |
6,997
-980
| -12% | -$58.9K |
2025 Q1
3 quarters
|
|
929
Vishay Intertechnology
VSH
$3.96B
| $434K | 0.02% |
29,954
+27,493
| +1,117% | +$417K |
2024 Q2
6 quarters
|
|
930
Coherent
COHR
$38.4B
| $433K | 0.02% |
2,348
+866
| +58% | +$130K |
2024 Q4
4 quarters
|
|
931
Customers Bancorp
CUBI
$2.94B
| $433K | 0.02% |
5,924
-289
| -5% | -$19.8K |
2023 Q4
8 quarters
|
|
932
Byline Bancorp
BY
$1.74B
| $433K | 0.02% |
14,851
-3,266
| -18% | -$91.8K |
2023 Q4
8 quarters
|
|
933
Halliburton
HAL
$27.3B
| $433K | 0.02% |
15,314
+3,673
| +32% | +$97K |
2023 Q4
8 quarters
|
|
934
AngioDynamics
ANGO
$515M
| $432K | 0.02% |
33,677
+10,813
| +47% | +$133K |
2024 Q3
5 quarters
|
|
935
Hyatt Hotels
H
$17.8B
| $432K | 0.02% |
2,697
+79
| +3% | +$12.1K |
2024 Q1
7 quarters
|
|
936
Super Micro Computer
SMCI
$19.4B
| $432K | 0.02% |
14,743
+601
| +4% | +$24.7K |
2024 Q1
7 quarters
|
|
937
Lifestance Health
LFST
$5.4B
| $431K | 0.02% |
61,277
| – | – |
2024 Q4
4 quarters
|
|
938
Materion
MTRN
$3.9B
| $431K | 0.02% |
3,465
+1,402
| +68% | +$173K |
2025 Q2
2 quarters
|
|
939
Ennis
EBF
$534M
| $430K | 0.02% |
23,853
+13,319
| +126% | +$232K |
2024 Q1
7 quarters
|
|
940
DELISTED
Air Lease Corp
AL
| $429K | 0.02% |
6,685
-1,895
| -22% | -$121K |
2025 Q3
1 quarter
|
|
941
Methode Electronics
MEI
$473M
| $429K | 0.02% |
64,603
+11,611
| +22% | +$82.4K |
2023 Q4
8 quarters
|
|
942
Keurig Dr Pepper
KDP
$50.1B
| $429K | 0.02% |
15,305
+1,518
| +11% | +$41.7K |
2024 Q4
4 quarters
|
|
943
United Fire Group
UFCS
$1.27B
| $429K | 0.02% |
11,791
+11,155
| +1,754% | +$381K |
2025 Q2
2 quarters
|
|
944
Healthcare Realty
HR
$6.58B
| $427K | 0.02% |
25,211
+23,252
| +1,187% | +$414K |
2024 Q1
7 quarters
|
|
945
Planet Labs
PL
$4.6B
| $427K | 0.02% |
21,643
-167
| -0.8% | -$2.39K |
2025 Q3
1 quarter
|
|
946
Gladstone Land Corp
LAND
$314M
| $427K | 0.02% |
46,629
-14,302
| -23% | -$131K |
2023 Q4
8 quarters
|
|
947
Donegal Group Class A
DGICA
$709M
| $426K | 0.02% |
21,315
+20,443
| +2,344% | +$401K |
2025 Q2
2 quarters
|
|
948
Ally Financial
ALLY
$12B
| $426K | 0.02% |
9,403
-52,859
| -85% | -$2.18M |
2023 Q4
8 quarters
|
|
949
NETGEAR
NTGR
$607M
| $426K | 0.02% |
17,351
+17,287
| +27,011% | +$497K |
2024 Q4
4 quarters
|
|
950
Northrop Grumman
NOC
$74.6B
| $425K | 0.02% |
746
-3,024
| -80% | -$1.76M |
2023 Q4
8 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.