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 | 12.77% |
| 4 | Technology | 10.66% |
| 5 | Healthcare | 8.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
151
Otter Tail
OTTR
$3.79B
| $2.47M | 0.14% |
30,566
+10,457
| +52% | +$847K |
2024 Q1
7 quarters
|
|
152
Armstrong World Industries
AWI
$6.96B
| $2.45M | 0.14% |
12,803
-9,966
| -44% | -$1.9M |
2024 Q2
6 quarters
|
|
153
Coca-Cola
KO
$405B
| $2.45M | 0.14% |
34,986
-3,124
| -8% | -$218K |
2023 Q4
8 quarters
|
|
154
Cadence Design Systems
CDNS
$90B
| $2.41M | 0.14% |
7,718
+2,930
| +61% | +$956K |
2023 Q4
8 quarters
|
|
155
Columbia Banking Systems
COLB
$8.69B
| $2.41M | 0.13% |
86,143
| – | – |
2025 Q2
2 quarters
|
|
156
Affiliated Managers Group
AMG
$9.9B
| $2.38M | 0.13% |
8,258
+7,615
| +1,184% | +$1.97M |
2025 Q3
1 quarter
|
|
157
Laureate Education
LAUR
$4.51B
| $2.38M | 0.13% |
70,573
-56,836
| -45% | -$1.75M |
2024 Q4
4 quarters
|
|
158
WisdomTree
WT
$3.13B
| $2.37M | 0.13% |
194,425
+6,044
| +3% | +$73K |
2024 Q3
5 quarters
|
|
159
Host Hotels & Resorts
HST
$17.3B
| $2.37M | 0.13% |
133,634
-51,939
| -28% | -$896K |
2025 Q1
3 quarters
|
|
160
3M
MMM
$89.9B
| $2.37M | 0.13% |
14,795
+14,605
| +7,687% | +$2.39M |
2023 Q4
8 quarters
|
|
161
Leonardo DRS
DRS
$10B
| $2.36M | 0.13% |
69,161
+29,933
| +76% | +$1.1M |
2024 Q3
5 quarters
|
|
162
BorgWarner
BWA
$10.4B
| $2.35M | 0.13% |
52,067
+41,655
| +400% | +$1.82M |
2025 Q3
1 quarter
|
|
163
Balchem Corp
BCPC
$5.42B
| $2.34M | 0.13% |
15,238
+2,663
| +21% | +$406K |
2025 Q3
1 quarter
|
|
164
Horace Mann Educators
HMN
$1.89B
| $2.32M | 0.13% |
50,247
+21,721
| +76% | +$983K |
2025 Q1
3 quarters
|
|
165
Jefferies Financial Group
JEF
$10.6B
| $2.28M | 0.13% |
36,813
+10,809
| +42% | +$620K |
2025 Q1
3 quarters
|
|
166
A.O. Smith
AOS
$8.47B
| $2.24M | 0.13% |
33,472
-15,573
| -32% | -$1.05M |
2024 Q3
5 quarters
|
|
167
Sysco
SYY
$40.8B
| $2.23M | 0.13% |
30,305
+27,874
| +1,147% | +$2.12M |
2025 Q1
3 quarters
|
|
168
LeMaitre Vascular
LMAT
$1.85B
| $2.23M | 0.12% |
27,521
+16,744
| +155% | +$1.44M |
2024 Q3
5 quarters
|
|
169
Albertsons Companies
ACI
$6.35B
| $2.22M | 0.12% |
129,100
+43,866
| +51% | +$782K |
2025 Q3
1 quarter
|
|
170
Lockheed Martin
LMT
$147B
| $2.22M | 0.12% |
4,580
+2,179
| +91% | +$1.04M |
2023 Q4
8 quarters
|
|
171
Hasbro
HAS
$16.7B
| $2.21M | 0.12% |
26,983
+16,802
| +165% | +$1.32M |
2024 Q1
7 quarters
|
|
172
Newmont
NEM
$111B
| $2.2M | 0.12% |
21,987
-8,082
| -27% | -$730K |
2024 Q3
5 quarters
|
|
173
Brady Corp
BRC
$3.88B
| $2.18M | 0.12% |
27,864
+7,083
| +34% | +$548K |
2024 Q2
6 quarters
|
|
174
Griffon
GFF
$4.58B
| $2.18M | 0.12% |
29,628
+15,171
| +105% | +$1.13M |
2023 Q4
8 quarters
|
|
175
First Industrial Realty Trust
FR
$7.21B
| $2.17M | 0.12% |
37,860
-3,556
| -9% | -$198K |
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.