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 | |
|---|---|---|---|---|---|---|---|
1801
MSC Industrial Direct
MSM
$6.76B
| $84.3K | ﹤0.01% |
1,002
-434
| -30% | -$37.6K |
2025 Q3
1 quarter
|
|
1802
Cadre Holdings
CDRE
$1.3B
| $84.2K | ﹤0.01% |
2,062
+1,631
| +378% | +$67.8K |
2025 Q1
3 quarters
|
|
1803
CONMED
CNMD
$1.32B
| $84.1K | ﹤0.01% |
2,072
+1,975
| +2,036% | +$85.9K |
2024 Q1
7 quarters
|
|
1804
Insmed
INSM
$24.7B
| $83.9K | ﹤0.01% |
482
+195
| +68% | +$35.6K |
2024 Q1
7 quarters
|
|
1805
TaskUs
TASK
$761M
| $83.8K | ﹤0.01% |
7,106
+1,369
| +24% | +$17.5K |
2024 Q1
7 quarters
|
|
1806
LendingTree
TREE
$392M
| $83.7K | ﹤0.01% |
1,577
-2,101
| -57% | -$118K |
2024 Q2
6 quarters
|
|
1807
Expand Energy Corp
EXE
$20.9B
| $83.4K | ﹤0.01% |
756
-1,392
| -65% | -$154K |
2025 Q1
3 quarters
|
|
1808
CarGurus
CARG
$2.87B
| $83.3K | ﹤0.01% |
2,173
-19,957
| -90% | -$719K |
2024 Q3
5 quarters
|
|
1809
Xperi
XPER
$260M
| $83.1K | ﹤0.01% |
14,185
| – | – |
2024 Q2
6 quarters
|
|
1810
Distribution Solutions Group
DSGR
$1.62B
| $82.8K | ﹤0.01% |
3,023
-1,432
| -32% | -$40.3K |
2025 Q2
2 quarters
|
|
1811
Brinker International
EAT
$8.81B
| $82.7K | ﹤0.01% |
576
-3,034
| -84% | -$397K |
2023 Q4
8 quarters
|
|
1812
Zebra Technologies
ZBRA
$17.1B
| $82.6K | ﹤0.01% |
340
+152
| +81% | +$40.6K |
2024 Q1
7 quarters
|
|
1813
Federal Agricultural Mortgage
AGM
$2.19B
| $82.3K | ﹤0.01% |
469
-33
| -7% | -$5.55K |
2024 Q2
6 quarters
|
|
1814
Sinclair Inc
SBGI
$926M
| $81.5K | ﹤0.01% |
5,329
+201
| +4% | +$2.98K |
2024 Q4
4 quarters
|
|
1815
Vera Therapeutics
VERA
$2.23B
| $81.3K | ﹤0.01% |
1,605
-3,609
| -69% | -$128K |
2024 Q4
4 quarters
|
|
1816
Plexus
PLXS
$5.54B
| $81K | ﹤0.01% |
551
-14
| -2% | -$2.05K |
2024 Q4
4 quarters
|
|
1817
Titan Machinery
TITN
$561M
| $80.9K | ﹤0.01% |
5,382
-3,276
| -38% | -$52.7K |
2025 Q2
2 quarters
|
|
1818
StepStone Group
STEP
$3.56B
| $80.7K | ﹤0.01% |
1,258
-1,774
| -59% | -$112K |
2024 Q3
5 quarters
|
|
1819
Bloomin' Brands
BLMN
$905M
| $80.7K | ﹤0.01% |
13,078
-7,193
| -35% | -$50.1K |
2025 Q3
1 quarter
|
|
1820
Cable One
CABO
$31M
| $80.2K | ﹤0.01% |
711
-507
| -42% | -$69.2K |
2024 Q4
4 quarters
|
|
1821
Investors Title Co
ITIC
$507M
| $79.4K | ﹤0.01% |
318
+189
| +147% | +$49.7K |
2025 Q2
2 quarters
|
|
1822
Octave Specialty Group
OSG
$227M
| $79K | ﹤0.01% |
+10,158
| New | +$86.8K |
2025 Q4
0 quarters
|
|
1823
Lakeland Industries
LAKE
$87.3M
| $78.9K | ﹤0.01% |
8,929
-14,780
| -62% | -$208K |
2025 Q3
1 quarter
|
|
1824
Backblaze
BLZE
$470M
| $78.9K | ﹤0.01% |
16,925
+5,542
| +49% | +$38K |
2025 Q3
1 quarter
|
|
1825
LegalZoom.com
LZ
$1.15B
| $78.8K | ﹤0.01% |
7,937
-1,652
| -17% | -$16.4K |
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.