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 | |
|---|---|---|---|---|---|---|---|
1501
ScottsMiracle-Gro
SMG
$3.79B
| $180K | 0.01% |
3,089
+921
| +42% | +$51.7K |
2023 Q4
8 quarters
|
|
1502
SI-BONE Inc
SIBN
$951M
| $180K | 0.01% |
9,104
+674
| +8% | +$11.7K |
2024 Q3
5 quarters
|
|
1503
TeraWulf
WULF
$5.46B
| $179K | 0.01% |
15,573
-49,481
| -76% | -$663K |
2025 Q3
1 quarter
|
|
1504
DELISTED
Olympic Steel
ZEUS
| $179K | 0.01% |
4,175
-12,216
| -75% | -$436K |
2024 Q1
7 quarters
|
|
1505
Genesco
GCO
$407M
| $178K | 0.01% |
7,201
-1,790
| -20% | -$51.3K |
2023 Q4
8 quarters
|
|
1506
Fastly Inc
FSLY
$3.28B
| $178K | 0.01% |
17,489
+12,788
| +272% | +$126K |
2024 Q3
5 quarters
|
|
1507
Power Solutions International
PSIX
$1.07B
| $178K | 0.01% |
+3,113
| New | +$222K |
2025 Q4
0 quarters
|
|
1508
PrimeEnergy Resources
PNRG
$361M
| $178K | 0.01% |
+1,039
| New | +$167K |
2025 Q4
0 quarters
|
|
1509
Rush Street Interactive
RSI
$1.31B
| $178K | 0.01% |
9,141
+1,941
| +27% | +$35.9K |
2024 Q2
6 quarters
|
|
1510
i3 Verticals
IIIV
$317M
| $177K | 0.01% |
7,043
+156
| +2% | +$4.39K |
2024 Q3
5 quarters
|
|
1511
Janux Therapeutics
JANX
$1.07B
| $177K | 0.01% |
12,855
+5,535
| +76% | +$130K |
2024 Q1
7 quarters
|
|
1512
Whirlpool
WHR
$2.08B
| $177K | 0.01% |
2,459
-552
| -18% | -$40.8K |
2025 Q1
3 quarters
|
|
1513
Edgewise Therapeutics
EWTX
$4.22B
| $177K | 0.01% |
7,143
-7,131
| -50% | -$143K |
2024 Q1
7 quarters
|
|
1514
Clean Harbors
CLH
$15.9B
| $177K | 0.01% |
755
-1,131
| -60% | -$258K |
2025 Q1
3 quarters
|
|
1515
The Mosaic Company
MOS
$6.05B
| $177K | 0.01% |
7,333
-5,399
| -42% | -$145K |
2023 Q4
8 quarters
|
|
1516
Arcus Biosciences
RCUS
$2.27B
| $174K | 0.01% |
7,300
+3,349
| +85% | +$68.3K |
2023 Q4
8 quarters
|
|
1517
Stride
LRN
$3.29B
| $174K | 0.01% |
2,676
-2,812
| -51% | -$255K |
2024 Q1
7 quarters
|
|
1518
Shake Shack
SHAK
$2.93B
| $173K | 0.01% |
2,135
-339
| -14% | -$29.9K |
2025 Q1
3 quarters
|
|
1519
Inhibrx
INBX
$1.06B
| $173K | 0.01% |
+2,192
| New | +$149K |
2025 Q4
0 quarters
|
|
1520
Tiptree Inc
TIPT
$621M
| $173K | 0.01% |
9,466
+1,790
| +23% | +$32.6K |
2025 Q2
2 quarters
|
|
1521
Nexstar Media Group
NXST
$5.47B
| $172K | 0.01% |
848
-4,778
| -85% | -$933K |
2023 Q4
8 quarters
|
|
1522
Green Dot
GDOT
$701M
| $171K | 0.01% |
13,379
-11,887
| -47% | -$148K |
2024 Q2
6 quarters
|
|
1523
Claritev Corp
CTEV
$407M
| $170K | 0.01% |
3,988
-3,990
| -50% | -$203K |
2025 Q1
3 quarters
|
|
1524
Vicor
VICR
$8.07B
| $169K | 0.01% |
1,539
-594
| -28% | -$50.5K |
2024 Q1
7 quarters
|
|
1525
W.W. Grainger
GWW
$64.9B
| $169K | 0.01% |
167
-1
| -0.6% | -$970 |
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.