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 | |
|---|---|---|---|---|---|---|---|
1351
Certara
CERT
$1.66B
| $243K | 0.01% |
27,566
-6,003
| -18% | -$61.8K |
2025 Q3
1 quarter
|
|
1352
Cal-Maine
CALM
$3.09B
| $242K | 0.01% |
3,047
+2,793
| +1,100% | +$245K |
2024 Q1
7 quarters
|
|
1353
Ryan Specialty Holdings
RYAN
$5.47B
| $241K | 0.01% |
4,667
-2,132
| -31% | -$117K |
2024 Q1
7 quarters
|
|
1354
Payoneer
PAYO
$2.43B
| $241K | 0.01% |
42,846
| – | – |
2024 Q3
5 quarters
|
|
1355
Pacira BioSciences
PCRX
$1.45B
| $241K | 0.01% |
9,304
-2,941
| -24% | -$69.9K |
2024 Q2
6 quarters
|
|
1356
Coastal Financial
CCB
$656M
| $238K | 0.01% |
2,079
-138
| -6% | -$15.1K |
2025 Q1
3 quarters
|
|
1357
LPL Financial
LPLA
$23.2B
| $238K | 0.01% |
667
| – | – |
2024 Q2
6 quarters
|
|
1358
Acadia Healthcare
ACHC
$2.76B
| $238K | 0.01% |
16,771
+7,949
| +90% | +$150K |
2024 Q3
5 quarters
|
|
1359
South Plains Financial
SPFI
$818M
| $238K | 0.01% |
+6,130
| New | +$235K |
2025 Q4
0 quarters
|
|
1360
Alexandria Real Estate Equities
ARE
$7.36B
| $238K | 0.01% |
4,857
-2,397
| -33% | -$141K |
2025 Q3
1 quarter
|
|
1361
Oscar Health
OSCR
$10B
| $237K | 0.01% |
16,513
+8,566
| +108% | +$148K |
2025 Q3
1 quarter
|
|
1362
Immunovant
IMVT
$6B
| $237K | 0.01% |
9,326
-3,578
| -28% | -$79.8K |
2023 Q4
8 quarters
|
|
1363
Kenvue
KVUE
| $236K | 0.01% |
13,706
-11,766
| -46% | -$192K |
2025 Q1
3 quarters
|
|
1364
Viper Energy
VNOM
$8.59B
| $236K | 0.01% |
6,119
-7,710
| -56% | -$292K |
2025 Q3
1 quarter
|
|
1365
Varonis Systems
VRNS
$5.62B
| $236K | 0.01% |
7,206
+207
| +3% | +$8.69K |
2024 Q1
7 quarters
|
|
1366
Peabody Energy
BTU
$2.52B
| $235K | 0.01% |
7,921
-2,910
| -27% | -$85.5K |
2024 Q1
7 quarters
|
|
1367
Dollar Tree
DLTR
$25.2B
| $235K | 0.01% |
1,912
-16,589
| -90% | -$1.78M |
2024 Q1
7 quarters
|
|
1368
Arrowhead Research
ARWR
$8.41B
| $235K | 0.01% |
3,540
+1,460
| +70% | +$71.6K |
2025 Q1
3 quarters
|
|
1369
EverQuote
EVER
$1.03B
| $234K | 0.01% |
8,684
-3,290
| -27% | -$79.7K |
2024 Q2
6 quarters
|
|
1370
Kohl's
KSS
$2.68B
| $234K | 0.01% |
11,443
+4,178
| +58% | +$78.3K |
2024 Q3
5 quarters
|
|
1371
Atmos Energy
ATO
$29.4B
| $233K | 0.01% |
1,391
-2,274
| -62% | -$393K |
2025 Q3
1 quarter
|
|
1372
ServiceNow
NOW
$113B
| $231K | 0.01% |
1,511
+766
| +103% | +$131K |
2024 Q4
4 quarters
|
|
1373
DELISTED
Confluent
CFLT
| $231K | 0.01% |
7,650
-6,997
| -48% | -$172K |
2024 Q3
5 quarters
|
|
1374
Domino's
DPZ
$10.6B
| $231K | 0.01% |
554
-500
| -47% | -$208K |
2025 Q1
3 quarters
|
|
1375
DELISTED
Mister Car Wash
MCW
| $231K | 0.01% |
41,484
| – | – |
2024 Q1
7 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.