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 | |
|---|---|---|---|---|---|---|---|
1101
Ziff Davis
ZD
$1.95B
| $348K | 0.02% |
9,909
-343
| -3% | -$12K |
2025 Q2
2 quarters
|
|
1102
Coursera
COUR
$1.03B
| $348K | 0.02% |
47,281
+18,660
| +65% | +$163K |
2024 Q1
7 quarters
|
|
1103
MGM Resorts International
MGM
$8.3B
| $347K | 0.02% |
9,507
-10,408
| -52% | -$353K |
2024 Q3
5 quarters
|
|
1104
Humana
HUM
$50.1B
| $347K | 0.02% |
1,354
-916
| -40% | -$240K |
2024 Q3
5 quarters
|
|
1105
IonQ
IONQ
$12.7B
| $346K | 0.02% |
7,702
+2,602
| +51% | +$146K |
2024 Q4
4 quarters
|
|
1106
FirstCash
FCFS
$8.29B
| $345K | 0.02% |
2,167
-39
| -2% | -$6.15K |
2024 Q1
7 quarters
|
|
1107
Rockwell Automation
ROK
$49.3B
| $345K | 0.02% |
887
-2,613
| -75% | -$982K |
2025 Q2
2 quarters
|
|
1108
Mobileye
MBLY
$4.54B
| $345K | 0.02% |
33,053
+4,868
| +17% | +$60.8K |
2024 Q3
5 quarters
|
|
1109
Liberty Energy
LBRT
$2.15B
| $345K | 0.02% |
18,680
+14,296
| +326% | +$239K |
2025 Q1
3 quarters
|
|
1110
Primoris Services
PRIM
$3.68B
| $343K | 0.02% |
2,765
-9,814
| -78% | -$1.28M |
2024 Q1
7 quarters
|
|
1111
St. Joe Company
JOE
$3.98B
| $343K | 0.02% |
5,778
-12,729
| -69% | -$713K |
2023 Q4
8 quarters
|
|
1112
Paycom
PAYC
$12.1B
| $343K | 0.02% |
2,150
-1,506
| -41% | -$267K |
2024 Q3
5 quarters
|
|
1113
Iridium Communications
IRDM
$4.64B
| $343K | 0.02% |
19,709
-1,645
| -8% | -$29.1K |
2023 Q4
8 quarters
|
|
1114
AvePoint
AVPT
$3.58B
| $342K | 0.02% |
24,654
-413
| -2% | -$5.7K |
2025 Q3
1 quarter
|
|
1115
Stewart Information Services
STC
$1.44B
| $342K | 0.02% |
4,870
+1,959
| +67% | +$141K |
2024 Q1
7 quarters
|
|
1116
Arlo Technologies
ARLO
$1.64B
| $342K | 0.02% |
24,420
+2,405
| +11% | +$37.9K |
2025 Q2
2 quarters
|
|
1117
J.M. Smucker
SJM
$14.1B
| $341K | 0.02% |
+3,491
| New | +$361K |
2025 Q4
0 quarters
|
|
1118
Addus HomeCare
ADUS
$2.39B
| $341K | 0.02% |
3,173
+2,857
| +904% | +$328K |
2025 Q3
1 quarter
|
|
1119
N-able
NABL
$958M
| $341K | 0.02% |
45,524
-65,448
| -59% | -$500K |
2023 Q4
8 quarters
|
|
1120
Global Payments
GPN
$25.4B
| $340K | 0.02% |
4,396
+1,964
| +81% | +$158K |
2023 Q4
8 quarters
|
|
1121
Central Garden & Pet Co
CENT
$3.03B
| $340K | 0.02% |
10,577
+3,518
| +50% | +$112K |
2024 Q3
5 quarters
|
|
1122
AAR Corp
AIR
$4.37B
| $340K | 0.02% |
4,101
+1,799
| +78% | +$149K |
2025 Q3
1 quarter
|
|
1123
NeoGenomics
NEO
$2.22B
| $339K | 0.02% |
28,816
+28,815
| +2,881,500% | +$311K |
2025 Q1
3 quarters
|
|
1124
TPG
TPG
$9.04B
| $339K | 0.02% |
5,303
+185
| +4% | +$10.9K |
2024 Q2
6 quarters
|
|
1125
DELISTED
Dayforce
DAY
| $338K | 0.02% |
4,882
-5,292
| -52% | -$364K |
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.