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 | |
|---|---|---|---|---|---|---|---|
1626
Regional Management Corp
RM
$363M
| $133K | 0.01% |
+3,442
| New | +$133K |
2025 Q4
0 quarters
|
|
1627
Sable Offshore Corp
SOC
$482M
| $133K | 0.01% |
14,747
+6,493
| +79% | +$61.3K |
2025 Q2
2 quarters
|
|
1628
TSS Inc
TSSI
$189M
| $133K | 0.01% |
18,807
-7,599
| -29% | -$98.2K |
2025 Q3
1 quarter
|
|
1629
Casey's General Stores
CASY
$24.6B
| $133K | 0.01% |
240
+30
| +14% | +$16.5K |
2025 Q2
2 quarters
|
|
1630
Comstock Resources
CRK
$4.15B
| $132K | 0.01% |
5,696
-3,685
| -39% | -$81.2K |
2023 Q4
8 quarters
|
|
1631
Liquidity Services
LQDT
$1.43B
| $132K | 0.01% |
4,349
+2,488
| +134% | +$66.8K |
2024 Q3
5 quarters
|
|
1632
PPL Corp
PPL
$27.1B
| $132K | 0.01% |
3,762
-62,547
| -94% | -$2.26M |
2023 Q4
8 quarters
|
|
1633
Timken Company
TKR
$7.9B
| $132K | 0.01% |
1,565
-179
| -10% | -$14.2K |
2024 Q3
5 quarters
|
|
1634
Portillo's
PTLO
$376M
| $132K | 0.01% |
28,984
| – | – |
2023 Q4
8 quarters
|
|
1635
Shoals Technologies Group
SHLS
$1.29B
| $131K | 0.01% |
+15,375
| New | +$138K |
2025 Q4
0 quarters
|
|
1636
Abacus Global Management
ABX
$850M
| $131K | 0.01% |
15,280
+10,467
| +217% | +$68.9K |
2025 Q2
2 quarters
|
|
1637
Shutterstock
SSTK
$155M
| $131K | 0.01% |
6,839
+1,834
| +37% | +$39.2K |
2024 Q1
7 quarters
|
|
1638
Peloton Interactive
PTON
$2.33B
| $131K | 0.01% |
21,189
-53,729
| -72% | -$378K |
2024 Q4
4 quarters
|
|
1639
Teleflex
TFX
$5.98B
| $130K | 0.01% |
1,068
+175
| +20% | +$21.2K |
2024 Q1
7 quarters
|
|
1640
Sunstone Hotel Investors
SHO
$2.41B
| $130K | 0.01% |
14,563
-42,196
| -74% | -$387K |
2025 Q1
3 quarters
|
|
1641
Monopar Therapeutics
MNPR
$448M
| $129K | 0.01% |
1,983
+48
| +2% | +$3.92K |
2025 Q1
3 quarters
|
|
1642
Aligos Therapeutics
ALGS
$29.2M
| $129K | 0.01% |
13,876
+7,104
| +105% | +$67K |
2025 Q1
3 quarters
|
|
1643
Nuveen Churchill Direct Lending
NCDL
$561M
| $129K | 0.01% |
9,690
-99
| -1% | -$1.41K |
2025 Q3
1 quarter
|
|
1644
First Bancorp
FBNC
$2.72B
| $129K | 0.01% |
2,545
-3,072
| -55% | -$156K |
2025 Q1
3 quarters
|
|
1645
Rigel Pharmaceuticals
RIGL
$941M
| $127K | 0.01% |
2,976
+1,871
| +169% | +$70.5K |
2025 Q1
3 quarters
|
|
1646
eHealth
EHTH
$14.9M
| $127K | 0.01% |
27,694
| – | – |
2025 Q1
3 quarters
|
|
1647
ConocoPhillips
COP
$177B
| $127K | 0.01% |
1,354
-459
| -25% | -$41.5K |
2024 Q1
7 quarters
|
|
1648
United Bankshares
UBSI
$6.74B
| $127K | 0.01% |
3,299
+271
| +9% | +$10.1K |
2024 Q1
7 quarters
|
|
1649
Forestar Group
FOR
$1.23B
| $126K | 0.01% |
5,135
-10,958
| -68% | -$279K |
2023 Q4
8 quarters
|
|
1650
DELISTED
Udemy
UDMY
| $126K | 0.01% |
21,604
+11,338
| +110% | +$66.1K |
2024 Q1
7 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.