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 | |
|---|---|---|---|---|---|---|---|
1551
BioMarin Pharmaceuticals
BMRN
$11.1B
| $157K | 0.01% |
2,645
-10,815
| -80% | -$589K |
2024 Q3
5 quarters
|
|
1552
Coty
COTY
$3.06B
| $157K | 0.01% |
50,877
| – | – |
2024 Q4
4 quarters
|
|
1553
DexCom
DXCM
$31.6B
| $157K | 0.01% |
2,360
-4,506
| -66% | -$291K |
2024 Q1
7 quarters
|
|
1554
CNX Resources
CNX
$5.31B
| $156K | 0.01% |
4,236
-58,786
| -93% | -$2.11M |
2024 Q4
4 quarters
|
|
1555
Apollo Commercial Real Estate
ARI
$297M
| $156K | 0.01% |
16,074
-1,430
| -8% | -$14.3K |
2024 Q1
7 quarters
|
|
1556
UiPath
PATH
$6.95B
| $156K | 0.01% |
9,488
-4,470
| -32% | -$69.6K |
2024 Q1
7 quarters
|
|
1557
Monro
MNRO
$378M
| $155K | 0.01% |
7,733
+26
| +0.3% | +$479 |
2024 Q2
6 quarters
|
|
1558
BILL Holdings
BILL
$4.27B
| $155K | 0.01% |
2,840
-550
| -16% | -$28.3K |
2025 Q3
1 quarter
|
|
1559
Carvana
CVNA
$79.4B
| $155K | 0.01% |
1,835
-270
| -13% | -$20.1K |
2023 Q4
8 quarters
|
|
1560
Archer Aviation
ACHR
$3.21B
| $155K | 0.01% |
20,594
-64,608
| -76% | -$608K |
2024 Q4
4 quarters
|
|
1561
Climb Global Solutions
CLMB
$750M
| $154K | 0.01% |
5,996
+5,984
| +49,867% | +$174K |
2025 Q1
3 quarters
|
|
1562
Kyverna Therapeutics
KYTX
$323M
| $154K | 0.01% |
+16,343
| New | +$121K |
2025 Q4
0 quarters
|
|
1563
Esquire Financial Holdings
ESQ
$1.51B
| $153K | 0.01% |
1,503
| – | – |
2024 Q3
5 quarters
|
|
1564
Mission Produce
AVO
$1.01B
| $153K | 0.01% |
13,214
+8,552
| +183% | +$102K |
2024 Q4
4 quarters
|
|
1565
RUM Group Inc
RUM
$2.02B
| $153K | 0.01% |
24,185
-78,985
| -77% | -$542K |
2024 Q4
4 quarters
|
|
1566
Helios Technologies
HLIO
$2.22B
| $153K | 0.01% |
2,857
+346
| +14% | +$18.6K |
2025 Q2
2 quarters
|
|
1567
Alignment Healthcare
ALHC
$1.46B
| $153K | 0.01% |
7,722
+5,482
| +245% | +$98.5K |
2024 Q4
4 quarters
|
|
1568
Iron Mountain
IRM
$34.3B
| $152K | 0.01% |
1,833
+546
| +42% | +$51.1K |
2025 Q1
3 quarters
|
|
1569
Braze
BRZE
$5.19B
| $152K | 0.01% |
4,425
-661
| -13% | -$19.6K |
2023 Q4
8 quarters
|
|
1570
ESAB
ESAB
$4.74B
| $152K | 0.01% |
1,358
+842
| +163% | +$96.4K |
2025 Q3
1 quarter
|
|
1571
Alcoa
AA
$10.5B
| $151K | 0.01% |
2,849
-126
| -4% | -$5.16K |
2025 Q3
1 quarter
|
|
1572
Integer Holdings
ITGR
$4.3B
| $151K | 0.01% |
1,927
+476
| +33% | +$37.9K |
2025 Q1
3 quarters
|
|
1573
Select Water Solutions
WTTR
$2.35B
| $151K | 0.01% |
14,339
+2,126
| +17% | +$22.9K |
2024 Q4
4 quarters
|
|
1574
Ranger Energy Services
RNGR
$335M
| $151K | 0.01% |
10,786
+3,085
| +40% | +$41.9K |
2024 Q1
7 quarters
|
|
1575
REX American Resources
REX
$1.28B
| $151K | 0.01% |
4,662
-2,359
| -34% | -$76.8K |
2025 Q2
2 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.