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 | |
|---|---|---|---|---|---|---|---|
1576
First Community Bankshares
FCBC
$903M
| $151K | 0.01% |
4,463
+3,086
| +224% | +$103K |
2025 Q2
2 quarters
|
|
1577
Caleres
CAL
$468M
| $150K | 0.01% |
12,326
-2,064
| -14% | -$25.4K |
2024 Q1
7 quarters
|
|
1578
Dutch Bros
BROS
$6.05B
| $150K | 0.01% |
2,444
-2,993
| -55% | -$170K |
2024 Q1
7 quarters
|
|
1579
Neurogene
NGNE
$533M
| $149K | 0.01% |
7,215
-9,239
| -56% | -$230K |
2025 Q1
3 quarters
|
|
1580
TPG Mortgage Investment Trust
MITT
$184M
| $147K | 0.01% |
17,305
+7,977
| +86% | +$62.6K |
2025 Q3
1 quarter
|
|
1581
Tetra Tech
TTEK
$10.1B
| $147K | 0.01% |
4,382
-944
| -18% | -$31.9K |
2024 Q2
6 quarters
|
|
1582
XPO
XPO
$22.3B
| $147K | 0.01% |
1,080
-1,943
| -64% | -$265K |
2025 Q2
2 quarters
|
|
1583
Enova International
ENVA
$4.26B
| $147K | 0.01% |
933
-24,400
| -96% | -$3.18M |
2023 Q4
8 quarters
|
|
1584
Agilysys
AGYS
$3.33B
| $146K | 0.01% |
1,231
-9
| -0.7% | -$1.08K |
2024 Q4
4 quarters
|
|
1585
Proficient Auto Logistics
PAL
$83.3M
| $146K | 0.01% |
+15,125
| New | +$119K |
2025 Q4
0 quarters
|
|
1586
DELISTED
MidWestOne Financial Group
MOFG
| $146K | 0.01% |
3,786
+296
| +8% | +$10.8K |
2025 Q1
3 quarters
|
|
1587
Arcturus Therapeutics
ARCT
$269M
| $145K | 0.01% |
23,727
+11,364
| +92% | +$123K |
2023 Q4
8 quarters
|
|
1588
Snap
SNAP
$9.22B
| $145K | 0.01% |
18,014
+14,940
| +486% | +$118K |
2024 Q3
5 quarters
|
|
1589
GameStop
GME
$12.2B
| $145K | 0.01% |
7,228
-1,540
| -18% | -$34.6K |
2024 Q1
7 quarters
|
|
1590
FB Financial Corp
FBK
$2.72B
| $145K | 0.01% |
2,601
+194
| +8% | +$10.8K |
2024 Q2
6 quarters
|
|
1591
Pinterest
PINS
$11.7B
| $145K | 0.01% |
5,605
-18,138
| -76% | -$522K |
2024 Q1
7 quarters
|
|
1592
Cousins Properties
CUZ
$4.91B
| $145K | 0.01% |
5,626
+1,243
| +28% | +$32.3K |
2023 Q4
8 quarters
|
|
1593
DELISTED
ACV Auctions
ACVA
| $144K | 0.01% |
18,009
-14,093
| -44% | -$114K |
2024 Q3
5 quarters
|
|
1594
Vivid Seats
SEAT
$29.9M
| $144K | 0.01% |
19,987
-18,158
| -48% | -$179K |
2025 Q3
1 quarter
|
|
1595
Goodyear
GT
$1.28B
| $143K | 0.01% |
16,326
-516
| -3% | -$4.07K |
2025 Q3
1 quarter
|
|
1596
Universal Logistics Holdings
ULH
$755M
| $143K | 0.01% |
9,401
+5,038
| +115% | +$84.7K |
2025 Q3
1 quarter
|
|
1597
Protagonist Therapeutics
PTGX
$9.02B
| $141K | 0.01% |
1,617
-1
| -0.1% | -$82 |
2025 Q3
1 quarter
|
|
1598
Modine Manufacturing
MOD
$6.57B
| $141K | 0.01% |
1,054
-959
| -48% | -$143K |
2024 Q4
4 quarters
|
|
1599
National Health Investors
NHI
$3.37B
| $140K | 0.01% |
1,838
-2,021
| -52% | -$155K |
2024 Q3
5 quarters
|
|
1600
Synchrony
SYF
$25B
| $140K | 0.01% |
1,677
-15,825
| -90% | -$1.21M |
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.