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 | |
|---|---|---|---|---|---|---|---|
1751
DELISTED
Diamond Hill
DHIL
| $97.6K | 0.01% |
576
-183
| -24% | -$25.3K |
2023 Q4
8 quarters
|
|
|
NATH
1752
DELISTED
Nathan's Famous
NATH
| $97.4K | 0.01% |
1,041
+365
| +54% | +$36.7K |
2025 Q2
2 quarters
|
|
1753
DELISTED
Soho House & Co
SHCO
| $97.3K | 0.01% |
10,857
+3,731
| +52% | +$33.1K |
2025 Q1
3 quarters
|
|
1754
Matsons
MATX
$6.69B
| $97K | 0.01% |
785
-2,260
| -74% | -$243K |
2024 Q2
6 quarters
|
|
1755
Redwire
RDW
$2.1B
| $96.9K | 0.01% |
12,744
-10,613
| -45% | -$77.9K |
2025 Q1
3 quarters
|
|
1756
Patterson-UTI
PTEN
$5.08B
| $96.8K | 0.01% |
15,849
| – | – |
2024 Q3
5 quarters
|
|
1757
Unity Bancorp
UNTY
$577M
| $96.2K | 0.01% |
1,860
| – | – |
2025 Q3
1 quarter
|
|
1758
GE Vernova
GEV
$227B
| $96.1K | 0.01% |
+147
| New | +$89.5K |
2025 Q4
0 quarters
|
|
1759
TG Therapeutics
TGTX
$9.36B
| $96K | 0.01% |
3,221
-1,052
| -25% | -$34.4K |
2025 Q2
2 quarters
|
|
1760
Oneok
OKE
$61.2B
| $95.8K | 0.01% |
1,304
-278
| -18% | -$19.7K |
2025 Q1
3 quarters
|
|
1761
SentinelOne
S
$8.75B
| $95.8K | 0.01% |
6,385
+2,912
| +84% | +$47.7K |
2025 Q2
2 quarters
|
|
1762
Nu Skin
NUS
$226M
| $95.7K | 0.01% |
9,953
+1,198
| +14% | +$12.4K |
2024 Q3
5 quarters
|
|
1763
Macy's
M
$6.3B
| $95.5K | 0.01% |
4,329
+4,183
| +2,865% | +$85.6K |
2025 Q1
3 quarters
|
|
1764
America's Car Mart
CRMT
$8.67M
| $95K | 0.01% |
3,760
-5,571
| -60% | -$134K |
2024 Q2
6 quarters
|
|
1765
Ubiquiti
UI
$34.1B
| $94.1K | 0.01% |
170
-92
| -35% | -$58.2K |
2023 Q4
8 quarters
|
|
1766
Scansource
SCSC
$1.18B
| $94.1K | 0.01% |
2,408
+95
| +4% | +$3.92K |
2024 Q2
6 quarters
|
|
1767
JBT Marel
JBTM
$5.66B
| $93.7K | 0.01% |
622
+504
| +427% | +$71.1K |
2025 Q3
1 quarter
|
|
1768
TransUnion
TRU
$14.6B
| $93.6K | 0.01% |
1,091
| – | – |
2024 Q1
7 quarters
|
|
1769
Crescent Energy
CRGY
$6B
| $93.2K | 0.01% |
11,111
-24,419
| -69% | -$214K |
2024 Q3
5 quarters
|
|
1770
Hilton Grand Vacations
HGV
$2.91B
| $92.7K | 0.01% |
2,071
-4,810
| -70% | -$204K |
2023 Q4
8 quarters
|
|
1771
Joby Aviation
JOBY
$4.88B
| $92.1K | 0.01% |
6,979
-798
| -10% | -$12.2K |
2024 Q4
4 quarters
|
|
1772
US Physical Therapy
USPH
$1.28B
| $92K | 0.01% |
1,178
-3,394
| -74% | -$275K |
2025 Q3
1 quarter
|
|
1773
Compass Minerals
CMP
$979M
| $91.5K | 0.01% |
4,659
-321
| -6% | -$5.94K |
2024 Q4
4 quarters
|
|
1774
Gibraltar Industries
ROCK
$1.19B
| $91.4K | 0.01% |
1,849
-4,572
| -71% | -$262K |
2023 Q4
8 quarters
|
|
1775
BancFirst
BANF
$3.71B
| $91.4K | 0.01% |
862
| – | – |
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.