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 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 | 12.77% |
| 4 | Technology | 10.66% |
| 5 | Healthcare | 8.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
76
Veralto
VLTO
$27B
| $3.42M | 0.19% |
34,289
-10,046
| -23% | -$1.02M |
2025 Q2
2 quarters
|
|
77
Kite Realty
KRG
$4.96B
| $3.42M | 0.19% |
142,721
+79,791
| +127% | +$1.81M |
2024 Q3
5 quarters
|
|
78
EXL Service
EXLS
$6.25B
| $3.42M | 0.19% |
80,510
+4,873
| +6% | +$199K |
2023 Q4
8 quarters
|
|
79
DELISTED
Electronic Arts
EA
| $3.41M | 0.19% |
16,678
+13,794
| +478% | +$2.78M |
2023 Q4
8 quarters
|
|
80
Alliant Energy
LNT
$18.6B
| $3.4M | 0.19% |
52,354
+32,860
| +169% | +$2.2M |
2025 Q3
1 quarter
|
|
81
Skyworks Solutions
SWKS
$20.6B
| $3.38M | 0.19% |
53,355
+46,357
| +662% | +$3.24M |
2024 Q3
5 quarters
|
|
82
Reliance Steel & Aluminium
RS
$22.3B
| $3.35M | 0.19% |
11,611
+9,278
| +398% | +$2.61M |
2025 Q1
3 quarters
|
|
83
Bank of New York Mellon
BNY
$99B
| $3.31M | 0.19% |
28,541
-12,860
| -31% | -$1.42M |
2025 Q3
1 quarter
|
|
84
Northern Trust
NTRS
$30.6B
| $3.31M | 0.19% |
24,201
+12,657
| +110% | +$1.66M |
2024 Q4
4 quarters
|
|
85
Granite Construction
GVA
$5.46B
| $3.28M | 0.18% |
28,410
-10,399
| -27% | -$1.12M |
2024 Q1
7 quarters
|
|
86
WSFS Financial
WSFS
$4.01B
| $3.27M | 0.18% |
59,253
-4,069
| -6% | -$223K |
2024 Q4
4 quarters
|
|
87
American Water Works
AWK
$28.7B
| $3.27M | 0.18% |
25,075
+22,557
| +896% | +$3.01M |
2025 Q3
1 quarter
|
|
88
Textron
TXT
$14.5B
| $3.26M | 0.18% |
37,364
+22,702
| +155% | +$1.9M |
2024 Q3
5 quarters
|
|
89
Innospec
IOSP
$2.46B
| $3.23M | 0.18% |
42,228
-2,946
| -7% | -$222K |
2023 Q4
8 quarters
|
|
90
Acuity Brands
AYI
$9.5B
| $3.18M | 0.18% |
8,823
+5,682
| +181% | +$2.05M |
2023 Q4
8 quarters
|
|
91
Match Group
MTCH
$9.5B
| $3.17M | 0.18% |
98,063
+75,258
| +330% | +$2.47M |
2024 Q3
5 quarters
|
|
92
Loews
L
$22.8B
| $3.14M | 0.18% |
29,780
-2,765
| -8% | -$286K |
2024 Q3
5 quarters
|
|
93
United Community Banks
UCB
$4.43B
| $3.1M | 0.17% |
99,372
-23,259
| -19% | -$718K |
2024 Q1
7 quarters
|
|
94
Charles Schwab
SCHW
$152B
| $3.08M | 0.17% |
30,862
+22,516
| +270% | +$2.14M |
2024 Q3
5 quarters
|
|
95
Watts Water Technologies
WTS
$11.6B
| $3.08M | 0.17% |
11,167
+9,476
| +560% | +$2.61M |
2023 Q4
8 quarters
|
|
96
Southern Company
SO
$108B
| $3.05M | 0.17% |
35,023
+21,204
| +153% | +$1.94M |
2024 Q3
5 quarters
|
|
97
DELISTED
Catalyst Pharmaceutical
CPRX
| $3.04M | 0.17% |
130,106
+66,169
| +103% | +$1.47M |
2024 Q1
7 quarters
|
|
98
First Horizon
FHN
$11B
| $3.03M | 0.17% |
126,749
-9,664
| -7% | -$215K |
2023 Q4
8 quarters
|
|
99
NetApp
NTAP
$39.1B
| $3.01M | 0.17% |
28,113
+24,715
| +727% | +$2.82M |
2023 Q4
8 quarters
|
|
100
LXP Industrial Trust
LXP
$3.61B
| $3M | 0.17% |
60,595
+14,014
| +30% | +$672K |
2024 Q1
7 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.