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 | |
|---|---|---|---|---|---|---|---|
1476
DELISTED
Apogee Therapeutics
APGE
| $191K | 0.01% |
2,524
-2,387
| -49% | -$150K |
2025 Q1
3 quarters
|
|
1477
Perella Weinberg Partners
PWP
$1.19B
| $190K | 0.01% |
11,009
+9,774
| +791% | +$182K |
2023 Q4
8 quarters
|
|
1478
Lazard
LAZ
$3.75B
| $190K | 0.01% |
3,922
+27
| +0.7% | +$1.35K |
2024 Q1
7 quarters
|
|
1479
DoubleVerify
DV
$2.12B
| $190K | 0.01% |
16,616
-95,625
| -85% | -$1.05M |
2024 Q1
7 quarters
|
|
1480
Core & Main
CNM
$8.33B
| $190K | 0.01% |
3,651
+1,884
| +107% | +$96.6K |
2024 Q1
7 quarters
|
|
1481
Unity
U
$17.1B
| $190K | 0.01% |
4,293
-2,068
| -33% | -$84.3K |
2023 Q4
8 quarters
|
|
1482
Quantum Corp
QMCO
$659M
| $190K | 0.01% |
29,386
-6,150
| -17% | -$55.2K |
2025 Q1
3 quarters
|
|
1483
FreightCar America
RAIL
$137M
| $190K | 0.01% |
17,119
+7,731
| +82% | +$71K |
2025 Q1
3 quarters
|
|
1484
NB Bancorp
NBBK
$970M
| $188K | 0.01% |
9,486
-7,396
| -44% | -$141K |
2025 Q3
1 quarter
|
|
1485
Crocs
CROX
$7B
| $188K | 0.01% |
2,193
+96
| +5% | +$8.03K |
2024 Q3
5 quarters
|
|
1486
QXO Inc
QXO
$12.1B
| $187K | 0.01% |
9,705
+239
| +3% | +$4.58K |
2025 Q1
3 quarters
|
|
1487
Corbus Pharmaceuticals
CRBP
$81.6M
| $186K | 0.01% |
22,906
+3,912
| +21% | +$48.3K |
2025 Q1
3 quarters
|
|
1488
Astrana Health
ASTH
$1.83B
| $186K | 0.01% |
7,513
+4,306
| +134% | +$114K |
2023 Q4
8 quarters
|
|
1489
Builders FirstSource
BLDR
$7.3B
| $186K | 0.01% |
1,810
+730
| +68% | +$82K |
2025 Q2
2 quarters
|
|
1490
Empire State Realty Trust
ESRT
$864M
| $186K | 0.01% |
28,550
-4,822
| -14% | -$34.4K |
2023 Q4
8 quarters
|
|
1491
Cooper Companies
COO
$11.7B
| $186K | 0.01% |
2,266
+1,622
| +252% | +$121K |
2023 Q4
8 quarters
|
|
1492
Lamb Weston
LW
$7.45B
| $186K | 0.01% |
4,431
+3,985
| +893% | +$235K |
2025 Q1
3 quarters
|
|
1493
Atlas Energy Solutions
AESI
$1.03B
| $185K | 0.01% |
19,650
-132,329
| -87% | -$1.34M |
2025 Q1
3 quarters
|
|
1494
LifeVantage
LFVN
$74M
| $184K | 0.01% |
29,935
+10,742
| +56% | +$79.5K |
2025 Q1
3 quarters
|
|
1495
Upstart Holdings
UPST
$2.07B
| $184K | 0.01% |
4,204
-11,693
| -74% | -$538K |
2025 Q3
1 quarter
|
|
1496
Middleby
MIDD
$5.58B
| $184K | 0.01% |
1,236
+219
| +22% | +$28.7K |
2024 Q1
7 quarters
|
|
1497
Eagle Bancorp
EGBN
$1.01B
| $183K | 0.01% |
8,536
-2,275
| -21% | -$43.8K |
2023 Q4
8 quarters
|
|
1498
Maplebear
CART
$13.6B
| $182K | 0.01% |
4,050
-1,977
| -33% | -$80.9K |
2025 Q2
2 quarters
|
|
1499
Mid-America Apartment Communities
MAA
$13.7B
| $181K | 0.01% |
1,301
-484
| -27% | -$64.5K |
2025 Q3
1 quarter
|
|
1500
PRA Group
PRAA
$734M
| $181K | 0.01% |
10,210
+7,123
| +231% | +$111K |
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.