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 | |
|---|---|---|---|---|---|---|---|
1726
RLJ Lodging Trust
RLJ
$1.92B
| $105K | 0.01% |
14,053
-121,926
| -90% | -$886K |
2023 Q4
8 quarters
|
|
|
RNAM
1727
DELISTED
Avidity Biosciences
RNAM
| $105K | 0.01% |
1,450
+850
| +142% | +$54.9K |
2025 Q2
2 quarters
|
|
1728
Insight Enterprises
NSIT
$5.07B
| $104K | 0.01% |
1,282
+514
| +67% | +$48.2K |
2023 Q4
8 quarters
|
|
1729
Euronet Worldwide
EEFT
$2.36B
| $104K | 0.01% |
1,364
-31,196
| -96% | -$2.43M |
2023 Q4
8 quarters
|
|
1730
UnitedHealth
UNH
$365B
| $103K | 0.01% |
313
+163
| +109% | +$55.2K |
2023 Q4
8 quarters
|
|
|
ACA
1731
DELISTED
Arcosa
ACA
| $103K | 0.01% |
971
+824
| +561% | +$83.2K |
2025 Q3
1 quarter
|
|
1732
DELISTED
BioLife Solutions
BLFS
| $103K | 0.01% |
4,256
-316
| -7% | -$8.27K |
2025 Q2
2 quarters
|
|
1733
Contango Silver & Gold Inc
CTGO
$459M
| $103K | 0.01% |
3,891
-1,673
| -30% | -$40.9K |
2025 Q2
2 quarters
|
|
1734
Neogen
NEOG
$2.58B
| $103K | 0.01% |
14,675
| – | – |
2025 Q1
3 quarters
|
|
1735
Privia Health
PRVA
$2.74B
| $103K | 0.01% |
4,326
| – | – |
2024 Q1
7 quarters
|
|
1736
Titan International
TWI
$300M
| $102K | 0.01% |
13,042
-27,206
| -68% | -$213K |
2025 Q2
2 quarters
|
|
1737
DELISTED
Nuvalent
NUVL
| $102K | 0.01% |
1,011
+300
| +42% | +$29.6K |
2024 Q4
4 quarters
|
|
1738
RLI Corp
RLI
$5.99B
| $101K | 0.01% |
1,586
+931
| +142% | +$58.5K |
2025 Q3
1 quarter
|
|
1739
Extra Space Storage
EXR
$31.6B
| $101K | 0.01% |
778
-6,193
| -89% | -$844K |
2024 Q4
4 quarters
|
|
1740
Graham Corp
GHM
$821M
| $101K | 0.01% |
1,577
+1,475
| +1,446% | +$89K |
2024 Q4
4 quarters
|
|
1741
Insteel Industries
IIIN
$551M
| $101K | 0.01% |
3,197
-7,798
| -71% | -$254K |
2024 Q4
4 quarters
|
|
1742
Bumble
BMBL
$800M
| $101K | 0.01% |
28,237
| – | – |
2023 Q4
8 quarters
|
|
1743
Aviat Networks
AVNW
$259M
| $100K | 0.01% |
4,683
+873
| +23% | +$19.5K |
2024 Q4
4 quarters
|
|
1744
Oxford Industries
OXM
$422M
| $100K | 0.01% |
2,925
+54
| +2% | +$2.01K |
2024 Q4
4 quarters
|
|
1745
Trevi Therapeutics
TRVI
$1.93B
| $100K | 0.01% |
7,988
-709
| -8% | -$8.19K |
2025 Q3
1 quarter
|
|
1746
Celsius Holdings
CELH
$7.37B
| $99.5K | 0.01% |
2,175
-7,356
| -77% | -$371K |
2024 Q1
7 quarters
|
|
1747
Rocket Pharmaceuticals
RCKT
$268M
| $99.1K | 0.01% |
28,236
| – | – |
2024 Q4
4 quarters
|
|
1748
Verisk Analytics
VRSK
$25.5B
| $99.1K | 0.01% |
443
-11,620
| -96% | -$2.62M |
2023 Q4
8 quarters
|
|
1749
Harrow
HROW
$1.06B
| $98.3K | 0.01% |
2,007
-1,812
| -47% | -$76.1K |
2024 Q3
5 quarters
|
|
1750
Colgate-Palmolive
CL
$75.7B
| $97.7K | 0.01% |
1,236
-6,040
| -83% | -$474K |
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.