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 | |
|---|---|---|---|---|---|---|---|
1526
DELISTED
Exact Sciences
EXAS
| $168K | 0.01% |
1,657
+759
| +85% | +$61K |
2023 Q4
8 quarters
|
|
1527
HEICO Corp
HEI
$44.9B
| $168K | 0.01% |
518
-251
| -33% | -$79.3K |
2024 Q4
4 quarters
|
|
1528
Hershey
HSY
$33.3B
| $167K | 0.01% |
920
-72
| -7% | -$13.2K |
2025 Q1
3 quarters
|
|
1529
Booz Allen Hamilton
BAH
$10.5B
| $167K | 0.01% |
1,979
-8,536
| -81% | -$764K |
2025 Q3
1 quarter
|
|
1530
Business First Bancshares
BFST
$1.06B
| $166K | 0.01% |
6,361
-1,219
| -16% | -$30.8K |
2024 Q4
4 quarters
|
|
1531
Mesa Laboratories
MLAB
$715M
| $166K | 0.01% |
2,116
-3,955
| -65% | -$301K |
2024 Q1
7 quarters
|
|
1532
Sonic Automotive
SAH
$2B
| $166K | 0.01% |
2,685
-21,268
| -89% | -$1.41M |
2023 Q4
8 quarters
|
|
1533
Walmart Inc
WMT
$1.01T
| $166K | 0.01% |
1,490
-6
| -0.4% | -$644 |
2024 Q3
5 quarters
|
|
1534
Danaher
DHR
$163B
| $166K | 0.01% |
725
-4,873
| -87% | -$1.07M |
2024 Q3
5 quarters
|
|
1535
Microchip Technology
MCHP
$42B
| $166K | 0.01% |
2,600
-6,627
| -72% | -$409K |
2025 Q3
1 quarter
|
|
1536
Old Second Bancorp
OSBC
$1.24B
| $165K | 0.01% |
8,478
-30,293
| -78% | -$566K |
2023 Q4
8 quarters
|
|
1537
Kilroy Realty
KRC
$4.2B
| $165K | 0.01% |
4,416
-82,317
| -95% | -$3.36M |
2023 Q4
8 quarters
|
|
1538
Weyerhaeuser
WY
$14.7B
| $165K | 0.01% |
6,962
+703
| +11% | +$16.3K |
2023 Q4
8 quarters
|
|
1539
James Hardie Industries
JHX
$16.1B
| $164K | 0.01% |
7,927
-138
| -2% | -$2.77K |
2025 Q3
1 quarter
|
|
1540
Resideo Technologies
REZI
$2.84B
| $164K | 0.01% |
4,671
-7,628
| -62% | -$282K |
2023 Q4
8 quarters
|
|
1541
Sun Communities
SUI
$13.9B
| $163K | 0.01% |
+1,319
| New | +$165K |
2025 Q4
0 quarters
|
|
1542
CareDx
CDNA
$4.59B
| $162K | 0.01% |
8,619
-1,111
| -11% | -$18.6K |
2023 Q4
8 quarters
|
|
1543
Cerence
CRNC
$366M
| $162K | 0.01% |
15,180
-19,744
| -57% | -$217K |
2025 Q1
3 quarters
|
|
1544
Rhythm Pharmaceuticals
RYTM
$6.37B
| $161K | 0.01% |
1,508
+117
| +8% | +$12.4K |
2024 Q1
7 quarters
|
|
1545
Entrada Therapeutics
TRDA
$177M
| $161K | 0.01% |
15,629
+9,154
| +141% | +$77.2K |
2024 Q4
4 quarters
|
|
1546
FTAI Infrastructure
FIP
$336M
| $160K | 0.01% |
34,642
| – | – |
2024 Q4
4 quarters
|
|
1547
Enliven Therapeutics
ELVN
$3.24B
| $159K | 0.01% |
10,337
+5,636
| +120% | +$112K |
2025 Q3
1 quarter
|
|
1548
Hallador Energy
HNRG
$529M
| $158K | 0.01% |
8,295
+314
| +4% | +$6.36K |
2025 Q1
3 quarters
|
|
1549
Vertex
VERX
$2.57B
| $158K | 0.01% |
7,908
-2,824
| -26% | -$61.1K |
2024 Q2
6 quarters
|
|
1550
ProPetro Holding
PUMP
$859M
| $158K | 0.01% |
16,565
-22
| -0.1% | -$191 |
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.