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 | |
|---|---|---|---|---|---|---|---|
1776
RCI Hospitality Holdings
RICK
$216M
| $91.2K | 0.01% |
3,827
-1,533
| -29% | -$39.2K |
2024 Q3
5 quarters
|
|
1777
ClearPoint Neuro
CLPT
$342M
| $91.2K | 0.01% |
6,663
+2,205
| +49% | +$40.9K |
2024 Q4
4 quarters
|
|
1778
Spire Global
SPIR
$347M
| $90.9K | 0.01% |
12,123
+4,132
| +52% | +$40.4K |
2024 Q1
7 quarters
|
|
1779
Southern Missouri Bancorp
SMBC
$779M
| $90.4K | 0.01% |
1,529
-3,040
| -67% | -$168K |
2024 Q4
4 quarters
|
|
1780
DELISTED
Cantaloupe
CTLP
| $90.3K | 0.01% |
8,500
-124,040
| -94% | -$1.31M |
2025 Q1
3 quarters
|
|
1781
Gorman-Rupp
GRC
$1.9B
| $89.6K | 0.01% |
1,877
-7,603
| -80% | -$354K |
2023 Q4
8 quarters
|
|
1782
Chemours
CC
$2.04B
| $89.4K | 0.01% |
7,580
-2,902
| -28% | -$37.3K |
2024 Q1
7 quarters
|
|
1783
Adtran
ADTN
$532M
| $89.3K | 0.01% |
10,274
-8,316
| -45% | -$72.2K |
2024 Q4
4 quarters
|
|
1784
Synopsys
SNPS
$89.6B
| $88.8K | 0.01% |
189
-303
| -62% | -$135K |
2024 Q3
5 quarters
|
|
1785
HighPeak Energy
HPK
$1.29B
| $88.6K | 0.01% |
18,696
+4,475
| +31% | +$26.9K |
2024 Q1
7 quarters
|
|
1786
SoundHound AI
SOUN
$1.87B
| $88.1K | ﹤0.01% |
8,834
+3,711
| +72% | +$53.4K |
2025 Q1
3 quarters
|
|
1787
Lands' End
LE
$281M
| $87.8K | ﹤0.01% |
6,044
-8,270
| -58% | -$128K |
2024 Q4
4 quarters
|
|
1788
Universal Technical Institute
UTI
$1.25B
| $87.6K | ﹤0.01% |
3,352
| – | – |
2024 Q2
6 quarters
|
|
1789
Smith & Wesson
SWBI
$591M
| $87.4K | ﹤0.01% |
8,854
-19,853
| -69% | -$192K |
2024 Q2
6 quarters
|
|
1790
Niagen Bioscience
NAGE
$184M
| $87.1K | ﹤0.01% |
13,688
+5,673
| +71% | +$39.5K |
2025 Q1
3 quarters
|
|
1791
Amylyx Pharmaceuticals
AMLX
$3.62B
| $86.9K | ﹤0.01% |
7,195
-6,441
| -47% | -$87.5K |
2025 Q3
1 quarter
|
|
1792
Sempra
SRE
$56.3B
| $86.7K | ﹤0.01% |
982
-652
| -40% | -$59.4K |
2025 Q1
3 quarters
|
|
1793
Hackett Group
HCKT
$319M
| $86.5K | ﹤0.01% |
4,409
+269
| +6% | +$5.1K |
2023 Q4
8 quarters
|
|
1794
Union Pacific
UNP
$181B
| $86.5K | ﹤0.01% |
374
-3,486
| -90% | -$796K |
2023 Q4
8 quarters
|
|
1795
Steven Madden
SHOO
$3.18B
| $86.5K | ﹤0.01% |
2,077
+2,076
| +207,600% | +$80.1K |
2024 Q3
5 quarters
|
|
1796
Forward Air
FWRD
$595M
| $85.8K | ﹤0.01% |
3,431
+416
| +14% | +$9.36K |
2023 Q4
8 quarters
|
|
1797
Atlanta Braves Holdings Series B
BATRK
$3.24B
| $85.3K | ﹤0.01% |
2,163
| – | – |
2025 Q3
1 quarter
|
|
1798
Republic Bancorp
RBCAA
$1.77B
| $85.1K | ﹤0.01% |
1,233
+931
| +308% | +$64.5K |
2025 Q2
2 quarters
|
|
1799
Aeva Technologies
AEVA
$646M
| $84.7K | ﹤0.01% |
6,379
-2,311
| -27% | -$32.9K |
2025 Q2
2 quarters
|
|
1800
Ibotta
IBTA
$980M
| $84.6K | ﹤0.01% |
+3,723
| New | +$100K |
2025 Q4
0 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.