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 | 12.78% |
| 4 | Technology | 10.66% |
| 5 | Healthcare | 8.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1276
DELISTED
Select Medical
SEM
| $268K | 0.02% |
18,065
+9,590
| +113% | +$136K |
2024 Q4
4 quarters
|
|
1277
Ooma
OOMA
$518M
| $268K | 0.02% |
22,864
+11,822
| +107% | +$135K |
2025 Q2
2 quarters
|
|
1278
Yeti Holdings
YETI
$3.27B
| $268K | 0.02% |
6,066
+3,497
| +136% | +$135K |
2024 Q1
7 quarters
|
|
1279
McEwen Inc
MUX
$837M
| $268K | 0.02% |
14,470
-14,212
| -50% | -$264K |
2024 Q3
5 quarters
|
|
1280
Fortinet
FTNT
$94.1B
| $267K | 0.01% |
3,360
+111
| +3% | +$9.21K |
2025 Q3
1 quarter
|
|
1281
XPLR Infrastructure LP
XIFR
$769M
| $266K | 0.01% |
26,622
-54,321
| -67% | -$526K |
2025 Q1
3 quarters
|
|
1282
Movado Group
MOV
$707M
| $266K | 0.01% |
12,899
-303
| -2% | -$5.91K |
2024 Q2
6 quarters
|
|
1283
Uranium Energy
UEC
$3.75B
| $265K | 0.01% |
22,731
+153
| +0.7% | +$2.01K |
2024 Q1
7 quarters
|
|
1284
Paymentus
PAY
$3.91B
| $265K | 0.01% |
8,391
-3,404
| -29% | -$111K |
2024 Q1
7 quarters
|
|
1285
Burke & Herbert Financial Services Corp
BHRB
$1.43B
| $265K | 0.01% |
4,254
+650
| +18% | +$40.8K |
2024 Q3
5 quarters
|
|
1286
Core Natural Resources Inc
CNR
$4.14B
| $265K | 0.01% |
2,993
-92
| -3% | -$7.84K |
2024 Q3
5 quarters
|
|
1287
KKR Real Estate Finance Trust
KREF
$299M
| $265K | 0.01% |
32,193
+9,473
| +42% | +$80.2K |
2025 Q1
3 quarters
|
|
1288
Hims & Hers Health
HIMS
$6B
| $265K | 0.01% |
8,148
+810
| +11% | +$34.7K |
2024 Q1
7 quarters
|
|
1289
DELISTED
Treehouse Foods
THS
| $265K | 0.01% |
11,214
+2,746
| +32% | +$59.9K |
2024 Q1
7 quarters
|
|
1290
Diodes
DIOD
$3.88B
| $264K | 0.01% |
5,352
-544
| -9% | -$27.5K |
2025 Q1
3 quarters
|
|
1291
Elevance Health
ELV
$89.7B
| $264K | 0.01% |
752
-4,831
| -87% | -$1.63M |
2025 Q3
1 quarter
|
|
1292
American Coastal Insurance
ACIC
$498M
| $264K | 0.01% |
20,863
+19,482
| +1,411% | +$235K |
2024 Q4
4 quarters
|
|
1293
Bio-Techne
TECH
$11.4B
| $263K | 0.01% |
4,480
+1,158
| +35% | +$70.4K |
2025 Q1
3 quarters
|
|
1294
Corsair Gaming
CRSR
$1.33B
| $263K | 0.01% |
44,323
-5,178
| -10% | -$36K |
2024 Q3
5 quarters
|
|
1295
Lucky Strike Entertainment
LUCK
$571M
| $263K | 0.01% |
31,038
+187
| +0.6% | +$1.62K |
2024 Q1
7 quarters
|
|
1296
Kaiser Aluminum
KALU
$1.93B
| $263K | 0.01% |
2,286
-20,167
| -90% | -$1.92M |
2024 Q1
7 quarters
|
|
1297
H2O America
HTO
$2.93B
| $262K | 0.01% |
5,354
-31,439
| -85% | -$1.51M |
2024 Q2
6 quarters
|
|
1298
Fortrea Holdings
FTRE
$2.02B
| $262K | 0.01% |
15,162
+6,112
| +68% | +$75.5K |
2024 Q4
4 quarters
|
|
1299
Enerpac Tool Group
EPAC
$2.17B
| $262K | 0.01% |
6,839
-1,438
| -17% | -$56.9K |
2024 Q3
5 quarters
|
|
1300
Vital Farms
VITL
$430M
| $260K | 0.01% |
8,152
-5,067
| -38% | -$178K |
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.