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 | |
|---|---|---|---|---|---|---|---|
1251
TKO Group
TKO
$13.7B
| $281K | 0.02% |
1,343
+207
| +18% | +$40.2K |
2024 Q3
5 quarters
|
|
1252
PPG Industries
PPG
$27.6B
| $281K | 0.02% |
2,739
-425
| -13% | -$42.7K |
2023 Q4
8 quarters
|
|
1253
Green Plains
GPRE
$986M
| $281K | 0.02% |
28,634
+3,946
| +16% | +$39.7K |
2024 Q3
5 quarters
|
|
1254
Trex
TREX
$5.15B
| $279K | 0.02% |
7,955
-348
| -4% | -$14.1K |
2025 Q3
1 quarter
|
|
1255
Nutanix
NTNX
$17.4B
| $278K | 0.02% |
5,378
+3,154
| +142% | +$193K |
2023 Q4
8 quarters
|
|
1256
Magnera Corp
MAGN
$425M
| $278K | 0.02% |
18,359
-25,731
| -58% | -$298K |
2025 Q1
3 quarters
|
|
1257
Gogo Inc
GOGO
$313M
| $278K | 0.02% |
59,606
+1,739
| +3% | +$12.8K |
2024 Q3
5 quarters
|
|
1258
Global Net Lease
GNL
$1.6B
| $278K | 0.02% |
32,295
+25,708
| +390% | +$206K |
2025 Q2
2 quarters
|
|
1259
Corvus Pharmaceuticals
CRVS
$816M
| $277K | 0.02% |
+35,972
| New | +$284K |
2025 Q4
0 quarters
|
|
1260
AdvanSix
ASIX
$419M
| $277K | 0.02% |
16,003
-3,191
| -17% | -$55.8K |
2024 Q4
4 quarters
|
|
1261
Bank of Marin Bancorp
BMRC
$474M
| $277K | 0.02% |
10,640
+2,598
| +32% | +$66.8K |
2025 Q3
1 quarter
|
|
1262
Progress Software
PRGS
$1.83B
| $276K | 0.02% |
6,431
-137
| -2% | -$5.97K |
2024 Q2
6 quarters
|
|
1263
Inspire Medical Systems
INSP
$1.79B
| $275K | 0.02% |
2,984
-410
| -12% | -$39.2K |
2024 Q3
5 quarters
|
|
1264
L3Harris
LHX
$51.7B
| $275K | 0.02% |
937
-729
| -44% | -$211K |
2024 Q1
7 quarters
|
|
1265
NVIDIA
NVDA
$4.99T
| $275K | 0.02% |
1,472
-9,945
| -87% | -$1.85M |
2024 Q2
6 quarters
|
|
1266
Lattice Semiconductor
LSCC
$13.6B
| $274K | 0.02% |
3,722
-2,791
| -43% | -$199K |
2025 Q2
2 quarters
|
|
1267
Replimune Group
REPL
$1.85B
| $273K | 0.02% |
28,080
+3,050
| +12% | +$25.9K |
2023 Q4
8 quarters
|
|
1268
Williams Companies
WMB
$87.1B
| $272K | 0.02% |
4,526
+2,817
| +165% | +$170K |
2024 Q3
5 quarters
|
|
1269
West Pharmaceutical
WST
$28.4B
| $272K | 0.02% |
988
-192
| -16% | -$52.5K |
2024 Q4
4 quarters
|
|
1270
Dick's Sporting Goods
DKS
$13.5B
| $272K | 0.02% |
1,373
+5
| +0.4% | +$1.09K |
2024 Q2
6 quarters
|
|
1271
Guardant Health
GH
$23.5B
| $271K | 0.02% |
+2,654
| New | +$237K |
2025 Q4
0 quarters
|
|
1272
BlackSky Technology
BKSY
$714M
| $270K | 0.02% |
14,389
+3,348
| +30% | +$68.2K |
2025 Q1
3 quarters
|
|
1273
Axon Enterprise
AXON
$34.6B
| $270K | 0.02% |
475
-320
| -40% | -$199K |
2024 Q1
7 quarters
|
|
1274
Dave & Buster's
PLAY
$296M
| $269K | 0.02% |
16,594
+8,500
| +105% | +$142K |
2024 Q1
7 quarters
|
|
1275
Salesforce
CRM
$186B
| $269K | 0.02% |
1,014
-2,762
| -73% | -$686K |
2024 Q4
4 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.