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 | |
|---|---|---|---|---|---|---|---|
1176
Twilio
TWLO
$33.1B
| $314K | 0.02% |
2,209
+764
| +53% | +$94.6K |
2024 Q1
7 quarters
|
|
1177
Daktronics
DAKT
$920M
| $314K | 0.02% |
15,888
-1,301
| -8% | -$24.9K |
2024 Q3
5 quarters
|
|
1178
Amkor Technology
AMKR
$9.32B
| $314K | 0.02% |
7,954
-1,211
| -13% | -$43.1K |
2025 Q3
1 quarter
|
|
1179
LENZ Therapeutics
LENZ
$95.8M
| $314K | 0.02% |
19,613
+5,223
| +36% | +$152K |
2025 Q1
3 quarters
|
|
1180
PepsiCo
PEP
$187B
| $313K | 0.02% |
2,183
-143
| -6% | -$21K |
2023 Q4
8 quarters
|
|
1181
DELISTED
Flushing Financial
FFIC
| $313K | 0.02% |
20,640
-8,477
| -29% | -$128K |
2023 Q4
8 quarters
|
|
1182
Dyne Therapeutics
DYN
$3.23B
| $312K | 0.02% |
15,963
+1,311
| +9% | +$24.8K |
2025 Q1
3 quarters
|
|
1183
PTC Therapeutics
PTCT
$5.69B
| $312K | 0.02% |
4,104
-1,967
| -32% | -$143K |
2024 Q2
6 quarters
|
|
1184
Impinj
PI
$5.74B
| $312K | 0.02% |
1,791
+200
| +13% | +$35.6K |
2024 Q1
7 quarters
|
|
1185
Urban Outfitters
URBN
$7.62B
| $312K | 0.02% |
4,141
-4,452
| -52% | -$315K |
2024 Q3
5 quarters
|
|
1186
Concentra Group Holdings
CON
$5.14B
| $311K | 0.02% |
15,826
| – | – |
2024 Q4
4 quarters
|
|
1187
AGNT Inc
AGNT
$695M
| $311K | 0.02% |
34,394
+7,443
| +28% | +$78.6K |
2023 Q4
8 quarters
|
|
1188
Magnite
MGNI
$3.2B
| $311K | 0.02% |
19,153
+5,662
| +42% | +$94K |
2024 Q3
5 quarters
|
|
1189
DELISTED
Thermon Group Holdings
THR
| $310K | 0.02% |
8,353
-3,427
| -29% | -$112K |
2023 Q4
8 quarters
|
|
1190
Western Union
WU
$1.95B
| $310K | 0.02% |
33,331
+28,764
| +630% | +$254K |
2023 Q4
8 quarters
|
|
1191
Ginkgo Bioworks
DNA
$725M
| $310K | 0.02% |
37,279
+26,617
| +250% | +$287K |
2025 Q1
3 quarters
|
|
1192
Terreno Realty
TRNO
$7.27B
| $309K | 0.02% |
5,269
+2,717
| +106% | +$164K |
2024 Q3
5 quarters
|
|
1193
HomeTrust Bancshares
HTB
$751M
| $309K | 0.02% |
7,204
+3,922
| +120% | +$162K |
2025 Q2
2 quarters
|
|
1194
Netflix
NFLX
$264B
| $308K | 0.02% |
3,290
-4,820
| -59% | -$520K |
2023 Q4
8 quarters
|
|
1195
AppFolio
APPF
$7.97B
| $308K | 0.02% |
1,323
-295
| -18% | -$70.1K |
2024 Q3
5 quarters
|
|
1196
Perimeter Solutions
PRM
$4.67B
| $307K | 0.02% |
11,162
-17,782
| -61% | -$449K |
2024 Q4
4 quarters
|
|
1197
Marvell Technology
MRVL
$155B
| $306K | 0.02% |
3,603
+859
| +31% | +$75.2K |
2024 Q4
4 quarters
|
|
1198
Royal Gold
RGLD
$19.6B
| $305K | 0.02% |
1,374
-5,087
| -79% | -$1.01M |
2024 Q3
5 quarters
|
|
1199
CarMax
KMX
$8.01B
| $304K | 0.02% |
7,876
+1,344
| +21% | +$53.7K |
2025 Q1
3 quarters
|
|
1200
Bath & Body Works
BBWI
$4.68B
| $304K | 0.02% |
15,126
-7,623
| -34% | -$168K |
2025 Q3
1 quarter
|
|
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.