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 | |
|---|---|---|---|---|---|---|---|
976
PagerDuty
PD
$1.34B
| $410K | 0.02% |
31,260
+2,009
| +7% | +$29.3K |
2024 Q3
5 quarters
|
|
977
Innodata
INOD
$1.49B
| $410K | 0.02% |
8,038
+4,987
| +163% | +$325K |
2024 Q3
5 quarters
|
|
978
Hexcel
HXL
$6.31B
| $409K | 0.02% |
5,541
-1,924
| -26% | -$136K |
2024 Q1
7 quarters
|
|
979
CTS Corp
CTS
$1.76B
| $409K | 0.02% |
9,535
-35,213
| -79% | -$1.48M |
2024 Q3
5 quarters
|
|
980
Regal Rexnord
RRX
$11.5B
| $408K | 0.02% |
2,908
-6,090
| -68% | -$867K |
2025 Q1
3 quarters
|
|
981
Postal Realty Trust
PSTL
$669M
| $408K | 0.02% |
25,265
+13,323
| +112% | +$205K |
2025 Q1
3 quarters
|
|
982
Frontdoor
FTDR
$6.4B
| $408K | 0.02% |
7,068
+5,864
| +487% | +$345K |
2023 Q4
8 quarters
|
|
983
Donnelley Financial Solutions
DFIN
$1.69B
| $407K | 0.02% |
8,718
+3,228
| +59% | +$156K |
2024 Q2
6 quarters
|
|
984
Qualcomm
QCOM
$185B
| $406K | 0.02% |
2,374
-7,351
| -76% | -$1.26M |
2023 Q4
8 quarters
|
|
985
DELISTED
Hillenbrand
HI
| $406K | 0.02% |
12,786
+6,722
| +111% | +$207K |
2024 Q3
5 quarters
|
|
986
Ashland
ASH
$3.5B
| $406K | 0.02% |
6,912
+5,348
| +342% | +$283K |
2025 Q3
1 quarter
|
|
987
Commercial Metals
CMC
$7.33B
| $403K | 0.02% |
5,819
-5,170
| -47% | -$324K |
2023 Q4
8 quarters
|
|
988
STAG Industrial
STAG
$7.3B
| $400K | 0.02% |
10,875
| – | – |
2024 Q3
5 quarters
|
|
989
Fortive
FTV
$20.3B
| $399K | 0.02% |
7,233
-1,157
| -14% | -$60K |
2023 Q4
8 quarters
|
|
990
Cincinnati Financial
CINF
$29.2B
| $399K | 0.02% |
2,445
-17,838
| -88% | -$2.89M |
2025 Q1
3 quarters
|
|
991
Callaway Golf Company
CALY
$2.96B
| $399K | 0.02% |
34,217
-35,822
| -51% | -$378K |
2024 Q3
5 quarters
|
|
992
TFS Financial
TFSL
$4.66B
| $399K | 0.02% |
29,794
+21,385
| +254% | +$293K |
2024 Q3
5 quarters
|
|
993
United Airlines
UAL
$37.6B
| $398K | 0.02% |
3,560
-233
| -6% | -$23.5K |
2023 Q4
8 quarters
|
|
994
Community Healthcare Trust
CHCT
$416M
| $398K | 0.02% |
24,226
+22,785
| +1,581% | +$340K |
2024 Q2
6 quarters
|
|
995
HUB Group
HUBG
$1.65B
| $397K | 0.02% |
9,310
-6,318
| -40% | -$240K |
2024 Q2
6 quarters
|
|
996
Eli Lilly
LLY
$1.26T
| $397K | 0.02% |
369
+237
| +180% | +$227K |
2023 Q4
8 quarters
|
|
997
Cognizant
CTSH
$29.4B
| $396K | 0.02% |
4,771
-1,717
| -26% | -$128K |
2025 Q1
3 quarters
|
|
998
Oracle
ORCL
$375B
| $395K | 0.02% |
2,028
+1,242
| +158% | +$296K |
2025 Q1
3 quarters
|
|
999
NRG Energy
NRG
$17.5B
| $394K | 0.02% |
2,476
+818
| +49% | +$135K |
2024 Q1
7 quarters
|
|
1000
TransDigm Group
TDG
$67.3B
| $394K | 0.02% |
296
-20
| -6% | -$26.2K |
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.