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 | |
|---|---|---|---|---|---|---|---|
1026
Nurix Therapeutics
NRIX
$1.74B
| $382K | 0.02% |
20,137
+7,501
| +59% | +$108K |
2023 Q4
8 quarters
|
|
1027
Prestige Consumer Healthcare
PBH
$2.52B
| $382K | 0.02% |
6,186
+344
| +6% | +$21.1K |
2023 Q4
8 quarters
|
|
1028
APA Corp
APA
$15.6B
| $381K | 0.02% |
15,596
-3,323
| -18% | -$80.4K |
2024 Q3
5 quarters
|
|
1029
Graphic Packaging
GPK
$3.48B
| $381K | 0.02% |
25,311
-7,736
| -23% | -$127K |
2024 Q3
5 quarters
|
|
1030
Midland States Bancorp
MSBI
$696M
| $380K | 0.02% |
17,953
-1,064
| -6% | -$18.8K |
2024 Q3
5 quarters
|
|
1031
ACM Research
ACMR
$3.09B
| $380K | 0.02% |
9,627
+1,110
| +13% | +$41.4K |
2024 Q2
6 quarters
|
|
1032
Tectonic Therapeutic
TECX
$397M
| $379K | 0.02% |
18,187
+10,888
| +149% | +$202K |
2025 Q1
3 quarters
|
|
1033
Lowe's Companies
LOW
$129B
| $379K | 0.02% |
1,573
-246
| -14% | -$59.1K |
2023 Q4
8 quarters
|
|
1034
Inseego
INSG
$84.9M
| $379K | 0.02% |
36,908
+1,383
| +4% | +$18K |
2025 Q1
3 quarters
|
|
1035
Jackson Financial
JXN
$9.3B
| $378K | 0.02% |
3,544
-3,674
| -51% | -$365K |
2024 Q1
7 quarters
|
|
1036
EyePoint Inc
EYPT
$34.1M
| $378K | 0.02% |
20,678
+13,847
| +203% | +$196K |
2024 Q1
7 quarters
|
|
1037
Covenant Logistics
CVLG
$860M
| $377K | 0.02% |
17,127
+2,261
| +15% | +$47.4K |
2025 Q2
2 quarters
|
|
1038
PennyMac Financial
PFSI
$3.51B
| $377K | 0.02% |
2,857
+380
| +15% | +$48.4K |
2024 Q1
7 quarters
|
|
1039
DocuSign
DOCU
$15B
| $376K | 0.02% |
5,501
+5,062
| +1,153% | +$350K |
2025 Q2
2 quarters
|
|
1040
AnaptysBio
ANAB
$1.42B
| $376K | 0.02% |
7,761
-1,282
| -14% | -$50K |
2025 Q3
1 quarter
|
|
1041
Zumiez
ZUMZ
$241M
| $375K | 0.02% |
14,402
+11,376
| +376% | +$273K |
2024 Q3
5 quarters
|
|
1042
Upbound Group
UPBD
$1.41B
| $375K | 0.02% |
21,362
+12,922
| +153% | +$250K |
2023 Q4
8 quarters
|
|
1043
eGain
EGAN
$162M
| $375K | 0.02% |
+36,444
| New | +$436K |
2025 Q4
0 quarters
|
|
1044
Mativ Holdings
MATV
$668M
| $375K | 0.02% |
30,832
+4,637
| +18% | +$54.6K |
2024 Q3
5 quarters
|
|
1045
Kimball Electronics
KE
$620M
| $375K | 0.02% |
13,463
+4,019
| +43% | +$116K |
2024 Q3
5 quarters
|
|
1046
Flagstar Bank National Association
FLG
$4.55B
| $374K | 0.02% |
29,722
+3,787
| +15% | +$45.3K |
2024 Q3
5 quarters
|
|
1047
Ameresco
AMRC
$1.13B
| $374K | 0.02% |
12,770
+909
| +8% | +$31.9K |
2025 Q3
1 quarter
|
|
1048
eBay
EBAY
$54.9B
| $374K | 0.02% |
4,291
-533
| -11% | -$46.1K |
2023 Q4
8 quarters
|
|
1049
Hingham Institution for Saving
HIFS
$704M
| $374K | 0.02% |
1,316
| – | – |
2024 Q3
5 quarters
|
|
1050
Zscaler
ZS
$36.6B
| $374K | 0.02% |
1,661
+1,536
| +1,229% | +$434K |
2024 Q4
4 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.