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 | |
|---|---|---|---|---|---|---|---|
1376
DELISTED
Chart Industries
GTLS
| $230K | 0.01% |
1,117
+199
| +22% | +$40.3K |
2025 Q1
3 quarters
|
|
1377
Ameren
AEE
$30.6B
| $230K | 0.01% |
2,300
+180
| +8% | +$18.5K |
2025 Q3
1 quarter
|
|
1378
Zeta Global
ZETA
$7.77B
| $229K | 0.01% |
11,275
+1,933
| +21% | +$36.1K |
2024 Q1
7 quarters
|
|
1379
FTI Consulting
FCN
$5.28B
| $229K | 0.01% |
1,343
-14,718
| -92% | -$2.43M |
2024 Q1
7 quarters
|
|
1380
IDT Corp
IDT
$2.02B
| $229K | 0.01% |
4,474
+3,311
| +285% | +$166K |
2024 Q1
7 quarters
|
|
1381
Park National Corp
PRK
$3.2B
| $229K | 0.01% |
1,505
| – | – |
2025 Q1
3 quarters
|
|
1382
ArcBest
ARCB
$3.01B
| $227K | 0.01% |
3,059
-4,072
| -57% | -$290K |
2025 Q2
2 quarters
|
|
1383
Palomar
PLMR
$3.74B
| $227K | 0.01% |
1,684
-2,203
| -57% | -$269K |
2023 Q4
8 quarters
|
|
1384
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.93B
| $226K | 0.01% |
7,183
+4,488
| +167% | +$141K |
2025 Q1
3 quarters
|
|
1385
Post Holdings
POST
$3.65B
| $225K | 0.01% |
2,268
-1,461
| -39% | -$151K |
2024 Q3
5 quarters
|
|
1386
Workiva
WK
$4.56B
| $225K | 0.01% |
2,603
+2,021
| +347% | +$179K |
2025 Q1
3 quarters
|
|
1387
Franklin BSP Realty Trust
FBRT
$468M
| $224K | 0.01% |
22,306
-74,506
| -77% | -$778K |
2025 Q1
3 quarters
|
|
1388
Enanta Pharmaceuticals
ENTA
$302M
| $224K | 0.01% |
14,178
+3,980
| +39% | +$50.5K |
2023 Q4
8 quarters
|
|
1389
National Vision
EYE
$1.33B
| $222K | 0.01% |
8,615
-1,797
| -17% | -$48.3K |
2024 Q1
7 quarters
|
|
1390
Forum Energy Technologies
FET
$883M
| $221K | 0.01% |
+5,985
| New | +$186K |
2025 Q4
0 quarters
|
|
1391
Vitamin Cottage Natural Grocers
NGVC
$644M
| $221K | 0.01% |
8,810
+8,717
| +9,373% | +$279K |
2025 Q2
2 quarters
|
|
1392
Origin Bancorp
OBK
$1.65B
| $221K | 0.01% |
5,863
-14,018
| -71% | -$502K |
2024 Q2
6 quarters
|
|
1393
Heritage Insurance Holdings
HRTG
$1.06B
| $220K | 0.01% |
7,524
+252
| +3% | +$6.81K |
2024 Q4
4 quarters
|
|
1394
Sherwin-Williams
SHW
$82.4B
| $220K | 0.01% |
679
+485
| +250% | +$162K |
2023 Q4
8 quarters
|
|
1395
Weis Markets
WMK
$1.84B
| $220K | 0.01% |
3,427
+535
| +18% | +$35.7K |
2023 Q4
8 quarters
|
|
1396
Wyndham Hotels & Resorts
WH
$5.87B
| $219K | 0.01% |
2,899
-135
| -4% | -$10.2K |
2025 Q1
3 quarters
|
|
1397
Zymeworks
ZYME
$2.17B
| $219K | 0.01% |
8,313
-158
| -2% | -$3.45K |
2024 Q1
7 quarters
|
|
1398
Rambus
RMBS
$9.44B
| $219K | 0.01% |
2,378
+307
| +15% | +$30.2K |
2024 Q1
7 quarters
|
|
1399
Old Dominion Freight Line
ODFL
$36.8B
| $218K | 0.01% |
1,393
-67
| -5% | -$9.6K |
2025 Q3
1 quarter
|
|
1400
Celldex Therapeutics
CLDX
$2.33B
| $218K | 0.01% |
8,018
+4,316
| +117% | +$114K |
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.