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 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 | 12.77% |
| 4 | Technology | 10.66% |
| 5 | Healthcare | 8.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
101
Cboe Global Markets
CBOE
$35B
| $3M | 0.17% |
11,937
-990
| -8% | -$246K |
2023 Q4
8 quarters
|
|
102
Hanover Insurance
THG
$8.32B
| $2.98M | 0.17% |
16,323
+3,027
| +23% | +$544K |
2024 Q1
7 quarters
|
|
103
Brink's
BCO
$4.23B
| $2.97M | 0.17% |
25,430
+11,742
| +86% | +$1.34M |
2025 Q2
2 quarters
|
|
104
Tyson Foods
TSN
$20.1B
| $2.95M | 0.17% |
50,346
-26,419
| -34% | -$1.45M |
2023 Q4
8 quarters
|
|
105
MGIC Investment
MTG
$5.83B
| $2.93M | 0.16% |
100,200
-35,196
| -26% | -$988K |
2023 Q4
8 quarters
|
|
106
DELISTED
Qorvo
QRVO
| $2.91M | 0.16% |
34,477
+25,824
| +298% | +$2.28M |
2025 Q1
3 quarters
|
|
107
Pathward Financial
CASH
$1.56B
| $2.91M | 0.16% |
41,018
+29,863
| +268% | +$2.14M |
2025 Q2
2 quarters
|
|
108
SBA Communications
SBAC
$19.9B
| $2.9M | 0.16% |
14,984
+4,681
| +45% | +$904K |
2023 Q4
8 quarters
|
|
109
Simmons First National
SFNC
$3.35B
| $2.89M | 0.16% |
153,408
+79,750
| +108% | +$1.48M |
2024 Q4
4 quarters
|
|
110
NorthWestern Energy
NWE
$4.91B
| $2.89M | 0.16% |
44,761
+19,102
| +74% | +$1.21M |
2024 Q3
5 quarters
|
|
111
A10 Networks
ATEN
$1.78B
| $2.88M | 0.16% |
162,685
+147,444
| +967% | +$2.61M |
2025 Q3
1 quarter
|
|
112
BOK Financial
BOKF
$7.91B
| $2.78M | 0.16% |
23,461
+21,334
| +1,003% | +$2.39M |
2024 Q3
5 quarters
|
|
113
Hancock Whitney
HWC
$5.78B
| $2.78M | 0.16% |
43,584
-39,781
| -48% | -$2.42M |
2023 Q4
8 quarters
|
|
114
Ralph Lauren
RL
$23.4B
| $2.75M | 0.15% |
7,781
+6,591
| +554% | +$2.25M |
2024 Q1
7 quarters
|
|
115
Knowles
KN
$2.78B
| $2.73M | 0.15% |
127,605
+103,406
| +427% | +$2.36M |
2025 Q1
3 quarters
|
|
116
Hilltop Holdings
HTH
$2.11B
| $2.73M | 0.15% |
80,505
+11,597
| +17% | +$389K |
2023 Q4
8 quarters
|
|
117
Federated Hermes
FHI
$4.37B
| $2.73M | 0.15% |
52,468
-13,905
| -21% | -$706K |
2023 Q4
8 quarters
|
|
118
Cheniere Energy
LNG
$67.5B
| $2.72M | 0.15% |
13,996
-1,591
| -10% | -$334K |
2023 Q4
8 quarters
|
|
119
First Merchants
FRME
$2.55B
| $2.71M | 0.15% |
72,395
+16,051
| +28% | +$595K |
2024 Q2
6 quarters
|
|
120
Snap-on
SNA
$18.4B
| $2.71M | 0.15% |
7,869
+5,350
| +212% | +$1.83M |
2023 Q4
8 quarters
|
|
121
DELISTED
Tri Pointe Homes
TPH
| $2.71M | 0.15% |
86,059
+61,092
| +245% | +$1.99M |
2023 Q4
8 quarters
|
|
122
NNN REIT
NNN
$7.87B
| $2.71M | 0.15% |
68,267
+59,560
| +684% | +$2.44M |
2024 Q1
7 quarters
|
|
123
Texas Capital Bancshares
TCBI
$4.42B
| $2.7M | 0.15% |
29,821
-20,966
| -41% | -$1.84M |
2024 Q2
6 quarters
|
|
124
Enterprise Financial Services Corp
EFSC
$2.21B
| $2.69M | 0.15% |
49,847
+35,611
| +250% | +$1.96M |
2023 Q4
8 quarters
|
|
125
Aflac
AFL
$62.1B
| $2.69M | 0.15% |
24,371
-1,556
| -6% | -$171K |
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.