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 | |
|---|---|---|---|---|---|---|---|
1651
Columbia Financial
CLBK
$2.97B
| $125K | 0.01% |
17,754
-2,279
| -11% | -$16.1K |
2025 Q2
2 quarters
|
|
1652
Targa Resources
TRGP
$66B
| $125K | 0.01% |
679
-256
| -27% | -$43.1K |
2024 Q4
4 quarters
|
|
1653
Serve Robotics
SERV
$231M
| $125K | 0.01% |
+12,063
| New | +$145K |
2025 Q4
0 quarters
|
|
1654
Choice Hotels
CHH
$5.16B
| $125K | 0.01% |
1,313
-1,479
| -53% | -$141K |
2024 Q4
4 quarters
|
|
1655
Spectrum Brands
SPB
$1.97B
| $125K | 0.01% |
2,108
+780
| +59% | +$43.9K |
2024 Q1
7 quarters
|
|
1656
Tesla
TSLA
$1.6T
| $124K | 0.01% |
276
-51
| -16% | -$22.6K |
2024 Q3
5 quarters
|
|
1657
Enphase Energy
ENPH
$3.67B
| $124K | 0.01% |
3,872
+2,169
| +127% | +$70.3K |
2024 Q1
7 quarters
|
|
1658
Patrick Industries
PATK
$2.54B
| $124K | 0.01% |
1,141
-12,956
| -92% | -$1.36M |
2025 Q1
3 quarters
|
|
1659
Ready Capital
RC
$182M
| $124K | 0.01% |
56,746
| – | – |
2024 Q3
5 quarters
|
|
1660
Limbach Holdings
LMB
$583M
| $124K | 0.01% |
1,588
| – | – |
2025 Q1
3 quarters
|
|
1661
Elanco Animal Health
ELAN
$11.8B
| $123K | 0.01% |
5,448
-505
| -8% | -$11K |
2024 Q1
7 quarters
|
|
1662
Reddit
RDDT
$18.1B
| $123K | 0.01% |
534
-627
| -54% | -$132K |
2025 Q3
1 quarter
|
|
1663
Schneider National
SNDR
$5.15B
| $123K | 0.01% |
4,623
-1,290
| -22% | -$30.5K |
2025 Q1
3 quarters
|
|
1664
Cabot Corp
CBT
$3.87B
| $123K | 0.01% |
1,850
+1,532
| +482% | +$102K |
2024 Q1
7 quarters
|
|
|
PKST
1665
DELISTED
Peakstone Realty Trust
PKST
| $123K | 0.01% |
8,538
| – | – |
2024 Q4
4 quarters
|
|
1666
Symbotic
SYM
$5.06B
| $123K | 0.01% |
2,059
-460
| -18% | -$30.4K |
2024 Q1
7 quarters
|
|
1667
National Presto Industries
NPK
$1.07B
| $122K | 0.01% |
1,144
+125
| +12% | +$13.1K |
2024 Q1
7 quarters
|
|
1668
Pulse Biosciences
PLSE
$3.67B
| $122K | 0.01% |
8,864
-4,825
| -35% | -$75.2K |
2024 Q2
6 quarters
|
|
1669
Spok Holdings
SPOK
$249M
| $121K | 0.01% |
9,168
+217
| +2% | +$3.07K |
2024 Q3
5 quarters
|
|
1670
Sonoco
SON
$4.97B
| $121K | 0.01% |
2,768
-21,311
| -89% | -$882K |
2023 Q4
8 quarters
|
|
1671
Duolingo
DUOL
$6.23B
| $121K | 0.01% |
688
+79
| +13% | +$18.6K |
2024 Q3
5 quarters
|
|
1672
Itron
ITRI
$4.28B
| $120K | 0.01% |
1,288
-9,708
| -88% | -$1.06M |
2025 Q1
3 quarters
|
|
1673
CorMedix
CRMD
$434M
| $119K | 0.01% |
10,267
-10,351
| -50% | -$114K |
2024 Q4
4 quarters
|
|
1674
J&J Snack Foods
JJSF
$1.62B
| $119K | 0.01% |
1,318
-216
| -14% | -$19.6K |
2025 Q2
2 quarters
|
|
1675
Carter's
CRI
$1.16B
| $119K | 0.01% |
3,663
-572
| -14% | -$17.9K |
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.