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 | |
|---|---|---|---|---|---|---|---|
951
Northeast Bank
NBN
$1.12B
| $425K | 0.02% |
4,091
| – | – |
2024 Q3
5 quarters
|
|
952
Ezcorp Inc
EZPW
$1.81B
| $425K | 0.02% |
21,883
+13,306
| +155% | +$251K |
2023 Q4
8 quarters
|
|
953
Apple Hospitality REIT
APLE
$4.44B
| $425K | 0.02% |
35,835
-12,665
| -26% | -$149K |
2025 Q1
3 quarters
|
|
954
PubMatic
PUBM
$745M
| $423K | 0.02% |
47,715
-9,813
| -17% | -$85.5K |
2024 Q1
7 quarters
|
|
955
Ford
F
$50.6B
| $422K | 0.02% |
32,192
-33,014
| -51% | -$426K |
2024 Q3
5 quarters
|
|
956
CVR Energy
CVI
$4.32B
| $421K | 0.02% |
16,562
+15,872
| +2,300% | +$540K |
2023 Q4
8 quarters
|
|
957
Bristow Group
VTOL
$1.15B
| $421K | 0.02% |
11,497
-12,047
| -51% | -$454K |
2024 Q1
7 quarters
|
|
958
Cheesecake Factory
CAKE
$5.74B
| $421K | 0.02% |
8,334
-34,892
| -81% | -$1.75M |
2025 Q1
3 quarters
|
|
959
Charles River Laboratories
CRL
$15.6B
| $421K | 0.02% |
2,108
+84
| +4% | +$15.2K |
2025 Q2
2 quarters
|
|
960
CEVA Inc
CEVA
$789M
| $419K | 0.02% |
19,460
+9,207
| +90% | +$226K |
2024 Q2
6 quarters
|
|
961
Compass Diversified
CODI
$926M
| $418K | 0.02% |
87,186
-2,954
| -3% | -$18.7K |
2023 Q4
8 quarters
|
|
962
Celcuity
CELC
$3.39B
| $418K | 0.02% |
4,194
-1,543
| -27% | -$127K |
2024 Q1
7 quarters
|
|
|
CASK
963
Sempreon, Inc. Common Stock
CASK
$383M
| $418K | 0.02% |
17,212
+8,184
| +91% | +$199K |
2023 Q4
8 quarters
|
|
964
Veeva Systems
VEEV
$50.3B
| $416K | 0.02% |
1,865
-2,622
| -58% | -$696K |
2023 Q4
8 quarters
|
|
965
Viavi Solutions
VIAV
$7.23B
| $416K | 0.02% |
23,338
-3,907
| -14% | -$63.1K |
2025 Q1
3 quarters
|
|
966
NOV
NOV
$6.43B
| $416K | 0.02% |
26,598
-5,144
| -16% | -$76.3K |
2024 Q3
5 quarters
|
|
967
Metropolitan Bank Holding Corp
MCB
$1.21B
| $414K | 0.02% |
5,418
-3,218
| -37% | -$238K |
2024 Q1
7 quarters
|
|
968
Sensient Technologies
SXT
$5.36B
| $413K | 0.02% |
4,401
+2,030
| +86% | +$192K |
2024 Q1
7 quarters
|
|
969
Parsons
PSN
$5.53B
| $413K | 0.02% |
6,676
+6,571
| +6,258% | +$514K |
2024 Q3
5 quarters
|
|
970
JB Hunt Transport Services
JBHT
$21.3B
| $412K | 0.02% |
2,122
-20,402
| -91% | -$3.5M |
2024 Q1
7 quarters
|
|
971
Sotera Health
SHC
$4.68B
| $412K | 0.02% |
23,342
-5,001
| -18% | -$82.7K |
2025 Q1
3 quarters
|
|
972
Mineralys Therapeutics
MLYS
$1.5B
| $411K | 0.02% |
11,328
-1,277
| -10% | -$51.2K |
2024 Q3
5 quarters
|
|
973
Grid Dynamics Holdings
GDYN
$1.11B
| $410K | 0.02% |
45,457
-3,166
| -7% | -$27.4K |
2025 Q1
3 quarters
|
|
974
Molina Healthcare
MOH
$11.8B
| $410K | 0.02% |
2,363
+1,575
| +200% | +$259K |
2024 Q4
4 quarters
|
|
975
Instil Bio
TIL
$47.4M
| $410K | 0.02% |
37,279
+22,532
| +153% | +$333K |
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.