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 | 12.77% |
| 4 | Technology | 10.66% |
| 5 | Healthcare | 8.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
126
Principal Financial Group
PFG
$23.7B
| $2.68M | 0.15% |
30,437
+20,709
| +213% | +$1.75M |
2023 Q4
8 quarters
|
|
127
ExxonMobil
XOM
$764B
| $2.68M | 0.15% |
22,291
+3,605
| +19% | +$418K |
2024 Q2
6 quarters
|
|
128
Tenable Holdings
TENB
$5.32B
| $2.67M | 0.15% |
113,292
+42,194
| +59% | +$1.15M |
2024 Q2
6 quarters
|
|
129
Beacon Financial Corp
BBT
$2.57B
| $2.66M | 0.15% |
101,026
-13,520
| -12% | -$342K |
2025 Q3
1 quarter
|
|
130
National Bank Holdings
NBHC
$1.66B
| $2.66M | 0.15% |
70,085
+27,040
| +63% | +$1.02M |
2024 Q3
5 quarters
|
|
131
Mettler-Toledo International
MTD
$33.6B
| $2.66M | 0.15% |
1,906
+1,362
| +250% | +$1.9M |
2023 Q4
8 quarters
|
|
132
Home BancShares
HOMB
$5.93B
| $2.65M | 0.15% |
95,542
+8,978
| +10% | +$249K |
2025 Q2
2 quarters
|
|
133
Dolby
DLB
$5.81B
| $2.64M | 0.15% |
41,059
+30,199
| +278% | +$2.03M |
2024 Q2
6 quarters
|
|
134
DaVita
DVA
$11.8B
| $2.59M | 0.15% |
22,820
+21,875
| +2,315% | +$2.66M |
2024 Q3
5 quarters
|
|
135
Ovintiv
OVV
$20.1B
| $2.57M | 0.14% |
65,699
+36
| +0.1% | +$1.4K |
2024 Q1
7 quarters
|
|
136
Omnicom Group
OMC
$22.3B
| $2.55M | 0.14% |
31,614
+23,172
| +274% | +$1.77M |
2024 Q4
4 quarters
|
|
137
News Corp Class A
NWSA
$15.7B
| $2.55M | 0.14% |
97,494
+39,260
| +67% | +$1.03M |
2024 Q1
7 quarters
|
|
138
General Mills
GIS
$18.3B
| $2.54M | 0.14% |
54,728
+38,162
| +230% | +$1.81M |
2025 Q1
3 quarters
|
|
139
Trustmark
TRMK
$2.56B
| $2.54M | 0.14% |
65,095
+22,432
| +53% | +$873K |
2024 Q3
5 quarters
|
|
140
Group 1 Automotive
GPI
$3.12B
| $2.52M | 0.14% |
6,409
+3,157
| +97% | +$1.3M |
2023 Q4
8 quarters
|
|
141
State Street
STT
$46.2B
| $2.51M | 0.14% |
19,441
+14,497
| +293% | +$1.74M |
2023 Q4
8 quarters
|
|
142
Altria Group
MO
$130B
| $2.5M | 0.14% |
43,441
-7,052
| -14% | -$426K |
2023 Q4
8 quarters
|
|
143
Honeywell
HON
$69.2B
| $2.5M | 0.14% |
12,819
-4,604
| -26% | -$901K |
2023 Q4
8 quarters
|
|
144
Steel Dynamics
STLD
$35.7B
| $2.5M | 0.14% |
14,732
+9,787
| +198% | +$1.55M |
2024 Q3
5 quarters
|
|
145
Universal Health Services
UHS
$10.4B
| $2.49M | 0.14% |
11,425
+3,803
| +50% | +$841K |
2023 Q4
8 quarters
|
|
146
The Greenbrier Companies
GBX
$1.21B
| $2.48M | 0.14% |
53,151
+39,405
| +287% | +$1.77M |
2024 Q2
6 quarters
|
|
147
McKesson
MCK
$116B
| $2.48M | 0.14% |
3,025
+1,258
| +71% | +$1.03M |
2023 Q4
8 quarters
|
|
148
Alarm.com
ALRM
$3.18B
| $2.48M | 0.14% |
48,548
+4,966
| +11% | +$253K |
2025 Q3
1 quarter
|
|
149
Portland General Electric
POR
$5.29B
| $2.48M | 0.14% |
51,576
+17,330
| +51% | +$818K |
2024 Q2
6 quarters
|
|
150
American Tower
AMT
$87.1B
| $2.47M | 0.14% |
14,093
+5,501
| +64% | +$1M |
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.