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 | |
|---|---|---|---|---|---|---|---|
1001
PDF Solutions
PDFS
$1.68B
| $393K | 0.02% |
13,785
-2,672
| -16% | -$73.9K |
2025 Q1
3 quarters
|
|
1002
NWPX Infrastructure Inc
NWPX
$885M
| $393K | 0.02% |
6,287
+4,834
| +333% | +$279K |
2024 Q4
4 quarters
|
|
1003
Woodward
WWD
$19.3B
| $392K | 0.02% |
1,298
-5,468
| -81% | -$1.5M |
2023 Q4
8 quarters
|
|
1004
Innovative Industrial Properties
IIPR
$1.55B
| $392K | 0.02% |
8,274
+85
| +1% | +$4.4K |
2024 Q3
5 quarters
|
|
1005
CBL Properties
CBL
$1.54B
| $392K | 0.02% |
10,588
+2,697
| +34% | +$88K |
2024 Q2
6 quarters
|
|
1006
Liquidia Corp
LQDA
$4.24B
| $391K | 0.02% |
11,334
-6,419
| -36% | -$183K |
2025 Q2
2 quarters
|
|
1007
Chimera Investment
CIM
$727M
| $391K | 0.02% |
31,425
-27,304
| -46% | -$347K |
2024 Q4
4 quarters
|
|
1008
Innoviva
INVA
$1.54B
| $390K | 0.02% |
19,498
-26,356
| -57% | -$515K |
2024 Q4
4 quarters
|
|
1009
Alphabet (Google) Class A
GOOGL
$3.55T
| $390K | 0.02% |
1,245
+806
| +184% | +$230K |
2023 Q4
8 quarters
|
|
1010
Azenta
AZTA
$1.71B
| $388K | 0.02% |
11,661
+7,421
| +175% | +$243K |
2024 Q1
7 quarters
|
|
1011
Gold.com Inc
GOLD
$1.21B
| $387K | 0.02% |
11,372
+10,834
| +2,014% | +$309K |
2023 Q4
8 quarters
|
|
1012
Ralliant Corp
RAL
$7.92B
| $386K | 0.02% |
7,589
| – | – |
2025 Q2
2 quarters
|
|
1013
Seacoast Banking Corp of Florida
SBCF
$3.32B
| $386K | 0.02% |
12,296
-32,493
| -73% | -$1.01M |
2024 Q4
4 quarters
|
|
1014
New Jersey Resources
NJR
$5.59B
| $386K | 0.02% |
8,364
-12,975
| -61% | -$600K |
2023 Q4
8 quarters
|
|
1015
Medpace
MEDP
$18.4B
| $385K | 0.02% |
686
+202
| +42% | +$115K |
2023 Q4
8 quarters
|
|
1016
Onto Innovation
ONTO
$9.07B
| $385K | 0.02% |
2,440
-9
| -0.4% | -$1.28K |
2024 Q1
7 quarters
|
|
1017
Hormel Foods
HRL
$12.5B
| $385K | 0.02% |
16,249
+147
| +0.9% | +$3.43K |
2023 Q4
8 quarters
|
|
1018
Pursuit Attractions and Hospitality Inc
PRSU
$1.54B
| $385K | 0.02% |
11,433
+8,235
| +258% | +$288K |
2025 Q1
3 quarters
|
|
1019
DELISTED
Dynavax Technologies
DVAX
| $384K | 0.02% |
24,991
-148,149
| -86% | -$1.63M |
2024 Q3
5 quarters
|
|
1020
Scholastic
SCHL
$707M
| $384K | 0.02% |
12,972
+12,083
| +1,359% | +$347K |
2024 Q2
6 quarters
|
|
1021
ARS Pharmaceuticals
SPRY
$303M
| $384K | 0.02% |
32,970
-12,849
| -28% | -$125K |
2024 Q4
4 quarters
|
|
1022
EQT Corp
EQT
$32.9B
| $384K | 0.02% |
7,164
+2,558
| +56% | +$144K |
2025 Q1
3 quarters
|
|
1023
Westlake Corp
WLK
$8.68B
| $384K | 0.02% |
5,192
+4,548
| +706% | +$324K |
2024 Q1
7 quarters
|
|
1024
DELISTED
SkyWater Technology
SKYT
| $383K | 0.02% |
21,097
-6,970
| -25% | -$121K |
2024 Q3
5 quarters
|
|
1025
Charter Communications
CHTR
$13.8B
| $382K | 0.02% |
1,831
-794
| -30% | -$179K |
2024 Q3
5 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.