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 | |
|---|---|---|---|---|---|---|---|
1426
Shoe Station Group
SHOE
$390M
| $208K | 0.01% |
12,331
+11,750
| +2,022% | +$216K |
2024 Q3
5 quarters
|
|
1427
Driven Brands
DRVN
$1.83B
| $208K | 0.01% |
14,042
-8,091
| -37% | -$120K |
2023 Q4
8 quarters
|
|
1428
Matrix Service
MTRX
$271M
| $208K | 0.01% |
17,779
-1,703
| -9% | -$21.4K |
2025 Q3
1 quarter
|
|
1429
CAVA Group
CAVA
$7.21B
| $208K | 0.01% |
3,537
-1,314
| -27% | -$73.3K |
2024 Q4
4 quarters
|
|
1430
HubSpot
HUBS
$11.6B
| $207K | 0.01% |
517
+156
| +43% | +$64.6K |
2024 Q1
7 quarters
|
|
1431
Dillards
DDS
$9.7B
| $207K | 0.01% |
341
-273
| -44% | -$172K |
2023 Q4
8 quarters
|
|
1432
Amphastar Pharmaceuticals
AMPH
$1.15B
| $207K | 0.01% |
7,720
-855
| -10% | -$22K |
2024 Q1
7 quarters
|
|
1433
Meta Platforms (Facebook)
META
$1.61T
| $207K | 0.01% |
313
-199
| -39% | -$133K |
2023 Q4
8 quarters
|
|
1434
American Superconductor
AMSC
$1.33B
| $206K | 0.01% |
7,175
+7,173
| +358,650% | +$310K |
2025 Q3
1 quarter
|
|
1435
SmartFinancial
SMBK
$839M
| $206K | 0.01% |
5,580
+2,744
| +97% | +$99.3K |
2025 Q2
2 quarters
|
|
1436
Mayville Engineering Co
MEC
$403M
| $205K | 0.01% |
10,954
+2,612
| +31% | +$42.6K |
2024 Q4
4 quarters
|
|
1437
Douglas Emmett
DEI
$1.68B
| $205K | 0.01% |
18,643
-2,144
| -10% | -$26.9K |
2025 Q1
3 quarters
|
|
1438
C3.ai
AI
$1.84B
| $205K | 0.01% |
15,194
-10,905
| -42% | -$174K |
2024 Q1
7 quarters
|
|
1439
Novavax
NVAX
$1.63B
| $204K | 0.01% |
30,422
+4,510
| +17% | +$34K |
2024 Q2
6 quarters
|
|
1440
Bioventus
BVS
$755M
| $204K | 0.01% |
27,390
| – | – |
2024 Q3
5 quarters
|
|
1441
ProFrac Holding
ACDC
$816M
| $203K | 0.01% |
52,250
| – | – |
2024 Q4
4 quarters
|
|
1442
Under Armour
UAA
$2.25B
| $202K | 0.01% |
40,681
| – | – |
2025 Q1
3 quarters
|
|
|
WSR
1443
DELISTED
Whitestone REIT
WSR
| $201K | 0.01% |
14,485
+453
| +3% | +$5.84K |
2024 Q3
5 quarters
|
|
1444
Teradata
TDC
$3.11B
| $200K | 0.01% |
6,575
-23
| -0.3% | -$602 |
2024 Q3
5 quarters
|
|
1445
Boston Omaha
BOC
$408M
| $200K | 0.01% |
16,164
-11,385
| -41% | -$148K |
2025 Q1
3 quarters
|
|
1446
OrthoPediatrics
KIDS
$811M
| $199K | 0.01% |
11,220
+8,417
| +300% | +$147K |
2024 Q2
6 quarters
|
|
|
WEAV
1447
DELISTED
Weave Communications
WEAV
| $199K | 0.01% |
26,249
+2,927
| +13% | +$19.4K |
2024 Q4
4 quarters
|
|
1448
IES Holdings
IESC
$8.59B
| $199K | 0.01% |
1,024
+138
| +16% | +$27.7K |
2023 Q4
8 quarters
|
|
1449
MarketAxess Holdings
MKTX
$5.82B
| $199K | 0.01% |
1,098
-8,319
| -88% | -$1.42M |
2024 Q1
7 quarters
|
|
1450
Element Solutions
ESI
$8.53B
| $199K | 0.01% |
7,957
-2,423
| -23% | -$62.9K |
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.