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 | |
|---|---|---|---|---|---|---|---|
1151
Xencor
XNCR
$2.54B
| $324K | 0.02% |
21,192
+13,928
| +192% | +$208K |
2025 Q1
3 quarters
|
|
1152
Rigetti Computing
RGTI
$3.75B
| $324K | 0.02% |
14,637
+4,955
| +51% | +$162K |
2025 Q1
3 quarters
|
|
1153
Ultra Clean Holdings
UCTT
$2.1B
| $323K | 0.02% |
12,768
+7,028
| +122% | +$187K |
2024 Q1
7 quarters
|
|
1154
Diamondback Energy
FANG
$51.5B
| $323K | 0.02% |
2,150
-319
| -13% | -$47.1K |
2024 Q1
7 quarters
|
|
1155
Argan
AGX
$3.97B
| $322K | 0.02% |
1,029
-29
| -3% | -$9.2K |
2025 Q3
1 quarter
|
|
1156
Ocular Therapeutix
OCUL
$1.56B
| $321K | 0.02% |
26,460
-24,143
| -48% | -$293K |
2024 Q4
4 quarters
|
|
1157
Zoom
ZM
$27B
| $321K | 0.02% |
3,720
+3,516
| +1,724% | +$296K |
2023 Q4
8 quarters
|
|
1158
U-Haul Holding Co
UHAL
$11.8B
| $321K | 0.02% |
6,367
-6,596
| -51% | -$351K |
2025 Q3
1 quarter
|
|
1159
Blackstone
BX
$101B
| $321K | 0.02% |
2,081
+1,962
| +1,649% | +$298K |
2025 Q1
3 quarters
|
|
1160
Etsy
ETSY
$8.34B
| $321K | 0.02% |
5,783
-2,798
| -33% | -$171K |
2025 Q1
3 quarters
|
|
1161
Werner Enterprises
WERN
$1.75B
| $320K | 0.02% |
10,679
-1,425
| -12% | -$39.2K |
2024 Q2
6 quarters
|
|
1162
Diamondrock Hospitality Co
DRH
$2.97B
| $320K | 0.02% |
35,754
-62,945
| -64% | -$536K |
2024 Q4
4 quarters
|
|
1163
QuantumScape Corp
QS
$2.71B
| $320K | 0.02% |
30,732
+26,670
| +657% | +$368K |
2025 Q3
1 quarter
|
|
1164
DELISTED
TopBuild
BLD
| $320K | 0.02% |
767
-7,369
| -91% | -$3.16M |
2023 Q4
8 quarters
|
|
1165
Biglari Holdings Class B
BH
$1.18B
| $319K | 0.02% |
961
+867
| +922% | +$291K |
2025 Q2
2 quarters
|
|
1166
Capital One
COF
$127B
| $319K | 0.02% |
1,317
+8
| +0.6% | +$1.78K |
2023 Q4
8 quarters
|
|
1167
United States Lime & Minerals
USLM
$3.52B
| $318K | 0.02% |
2,659
-171
| -6% | -$21.2K |
2024 Q4
4 quarters
|
|
1168
Church & Dwight Co
CHD
$26.6B
| $317K | 0.02% |
3,785
+897
| +31% | +$76.6K |
2024 Q3
5 quarters
|
|
1169
Praxis Precision Medicines
PRAX
$7.94B
| $317K | 0.02% |
1,075
-924
| -46% | -$172K |
2024 Q4
4 quarters
|
|
1170
Electromed
ELMD
$232M
| $317K | 0.02% |
10,875
+4,043
| +59% | +$106K |
2025 Q1
3 quarters
|
|
1171
Cannae Holdings
CNNE
$783M
| $315K | 0.02% |
20,054
+14,273
| +247% | +$243K |
2023 Q4
8 quarters
|
|
1172
Clearway Energy Class C
CWEN
$4.31B
| $315K | 0.02% |
9,473
| – | – |
2024 Q1
7 quarters
|
|
1173
Red Rock Resorts
RRR
$2.87B
| $315K | 0.02% |
5,082
-5,125
| -50% | -$300K |
2024 Q3
5 quarters
|
|
1174
Oceaneering
OII
$3.65B
| $315K | 0.02% |
13,100
-4,666
| -26% | -$113K |
2024 Q3
5 quarters
|
|
1175
Box
BOX
$6.07B
| $314K | 0.02% |
10,508
+2,335
| +29% | +$73.2K |
2024 Q2
6 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.