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 | |
|---|---|---|---|---|---|---|---|
1076
Reinsurance Group of America
RGA
$17.4B
| $363K | 0.02% |
1,784
-9,382
| -84% | -$1.81M |
2024 Q1
7 quarters
|
|
1077
Bakkt Inc
BKKT
$215M
| $362K | 0.02% |
36,075
+25,402
| +238% | +$562K |
2025 Q1
3 quarters
|
|
1078
Five Below
FIVE
$13.9B
| $362K | 0.02% |
1,922
-70
| -4% | -$11.4K |
2023 Q4
8 quarters
|
|
1079
1st Source
SRCE
$2.15B
| $361K | 0.02% |
5,784
-3,201
| -36% | -$198K |
2024 Q1
7 quarters
|
|
1080
Cedar Fair
FUN
$811M
| $361K | 0.02% |
23,516
+20,678
| +729% | +$374K |
2025 Q2
2 quarters
|
|
1081
Sprout Social
SPT
$653M
| $361K | 0.02% |
31,990
-78,053
| -71% | -$843K |
2024 Q1
7 quarters
|
|
1082
Camden Property Trust
CPT
$12.1B
| $360K | 0.02% |
3,274
-5,666
| -63% | -$589K |
2025 Q1
3 quarters
|
|
1083
Murphy USA
MUSA
$9.09B
| $360K | 0.02% |
893
+822
| +1,158% | +$315K |
2025 Q1
3 quarters
|
|
1084
Darling Ingredients
DAR
$8.25B
| $360K | 0.02% |
10,004
+8,859
| +774% | +$300K |
2025 Q1
3 quarters
|
|
1085
Rocket Lab Corp
RKLB
$33.5B
| $360K | 0.02% |
5,160
-1,085
| -17% | -$62.2K |
2024 Q4
4 quarters
|
|
1086
Appian
APPN
$3.57B
| $360K | 0.02% |
10,160
-685
| -6% | -$24.4K |
2024 Q3
5 quarters
|
|
1087
Fiserv Inc
FISV
$33B
| $360K | 0.02% |
5,356
-7,005
| -57% | -$586K |
2023 Q4
8 quarters
|
|
|
ATKR
1088
DELISTED
Atkore
ATKR
| $358K | 0.02% |
5,666
+146
| +3% | +$9.5K |
2025 Q3
1 quarter
|
|
1089
Kontoor Brands
KTB
$4.48B
| $357K | 0.02% |
5,842
+2,892
| +98% | +$215K |
2024 Q2
6 quarters
|
|
1090
Emcor
EME
$28B
| $357K | 0.02% |
583
-4,230
| -88% | -$2.74M |
2023 Q4
8 quarters
|
|
1091
PJT Partners
PJT
$4.04B
| $356K | 0.02% |
2,132
+1,728
| +428% | +$296K |
2023 Q4
8 quarters
|
|
1092
Enpro
NPO
$5.87B
| $353K | 0.02% |
1,648
-37
| -2% | -$8.18K |
2025 Q2
2 quarters
|
|
1093
Central Pacific Financial
CPF
$999M
| $352K | 0.02% |
11,308
-2,059
| -15% | -$62.1K |
2023 Q4
8 quarters
|
|
1094
AtriCure
ATRC
$3.33B
| $351K | 0.02% |
8,874
+7,861
| +776% | +$288K |
2023 Q4
8 quarters
|
|
1095
Natural Gas Services Group
NGS
$373M
| $350K | 0.02% |
10,405
-4,486
| -30% | -$134K |
2025 Q1
3 quarters
|
|
1096
ATN International
ATNI
$397M
| $350K | 0.02% |
15,353
| – | – |
2023 Q4
8 quarters
|
|
1097
Clearfield
CLFD
$447M
| $350K | 0.02% |
12,006
+7,196
| +150% | +$231K |
2024 Q3
5 quarters
|
|
1098
Interparfums
IPAR
$3.96B
| $350K | 0.02% |
4,124
-892
| -18% | -$78.5K |
2025 Q1
3 quarters
|
|
1099
Pennant Group
PNTG
$1.54B
| $350K | 0.02% |
12,416
+6,968
| +128% | +$185K |
2025 Q3
1 quarter
|
|
1100
Concentrix
CNXC
$1.89B
| $349K | 0.02% |
8,401
-452
| -5% | -$18.3K |
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.