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 | |
|---|---|---|---|---|---|---|---|
1326
Progressive
PGR
$133B
| $253K | 0.01% |
1,109
-437
| -28% | -$98.7K |
2023 Q4
8 quarters
|
|
1327
Provident Financial Services
PFS
$3.02B
| $252K | 0.01% |
12,770
+3,934
| +45% | +$76.1K |
2025 Q2
2 quarters
|
|
1328
Trustco Bank Corp NY
TRST
$977M
| $252K | 0.01% |
6,102
+5,765
| +1,711% | +$230K |
2025 Q3
1 quarter
|
|
1329
NewtekOne
NEWT
$308M
| $252K | 0.01% |
22,161
+409
| +2% | +$4.46K |
2024 Q1
7 quarters
|
|
1330
DELISTED
Cross Country Healthcare
CCRN
| $251K | 0.01% |
31,015
+7,041
| +29% | +$76.9K |
2024 Q3
5 quarters
|
|
1331
Enovix
ENVX
$645M
| $251K | 0.01% |
34,361
-918
| -3% | -$8.89K |
2023 Q4
8 quarters
|
|
1332
UFP Technologies
UFPT
$2.17B
| $251K | 0.01% |
1,129
-3,288
| -74% | -$704K |
2024 Q4
4 quarters
|
|
1333
Inogen
INGN
$186M
| $250K | 0.01% |
37,237
+5,114
| +16% | +$38.4K |
2024 Q4
4 quarters
|
|
1334
Monolithic Power Systems
MPWR
$64.8B
| $250K | 0.01% |
276
-328
| -54% | -$316K |
2024 Q4
4 quarters
|
|
1335
Mercantile Bank Corp
MBWM
$1.04B
| $250K | 0.01% |
5,200
-494
| -9% | -$22.8K |
2024 Q1
7 quarters
|
|
1336
The GEO Group
GEO
$3.69B
| $250K | 0.01% |
15,511
+1,747
| +13% | +$29.1K |
2024 Q3
5 quarters
|
|
1337
Urban Edge Properties
UE
$2.6B
| $250K | 0.01% |
13,015
+6,091
| +88% | +$118K |
2024 Q3
5 quarters
|
|
1338
Astronics
ATRO
$2.62B
| $248K | 0.01% |
5,490
-3,748
| -41% | -$157K |
2025 Q3
1 quarter
|
|
1339
Intellia Therapeutics
NTLA
$1.66B
| $248K | 0.01% |
27,588
+11,712
| +74% | +$161K |
2023 Q4
8 quarters
|
|
1340
DELISTED
Arcellx
ACLX
| $247K | 0.01% |
3,796
+3,556
| +1,482% | +$284K |
2025 Q2
2 quarters
|
|
1341
Copart
CPRT
$28.8B
| $247K | 0.01% |
6,301
-97,225
| -94% | -$4.03M |
2024 Q3
5 quarters
|
|
|
TWO
1342
DELISTED
Two Harbors Investment
TWO
| $246K | 0.01% |
23,469
-11,364
| -33% | -$114K |
2024 Q3
5 quarters
|
|
1343
Turtle Beach Corp
TBCH
$283M
| $246K | 0.01% |
17,505
+12,044
| +221% | +$179K |
2025 Q1
3 quarters
|
|
1344
Madrigal Pharmaceuticals
MDGL
$9.16B
| $245K | 0.01% |
420
+368
| +708% | +$188K |
2025 Q1
3 quarters
|
|
1345
Monster Beverage
MNST
$92.4B
| $245K | 0.01% |
6,380
-1,828
| -22% | -$65.5K |
2024 Q4
4 quarters
|
|
1346
American Healthcare REIT
AHR
$12B
| $244K | 0.01% |
5,190
-8,216
| -61% | -$381K |
2025 Q3
1 quarter
|
|
1347
Camping World
CWH
$307M
| $244K | 0.01% |
25,084
+13,152
| +110% | +$163K |
2024 Q1
7 quarters
|
|
1348
Sezzle
SEZL
$4.14B
| $243K | 0.01% |
3,833
+30
| +0.8% | +$2.04K |
2025 Q1
3 quarters
|
|
1349
Belden
BDC
$4.2B
| $243K | 0.01% |
2,086
-918
| -31% | -$107K |
2025 Q3
1 quarter
|
|
1350
SITE Centers
SITC
$193M
| $243K | 0.01% |
37,838
+26,262
| +227% | +$198K |
2023 Q4
8 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.