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 | |
|---|---|---|---|---|---|---|---|
1826
One Liberty Properties
OLP
$489M
| $78.5K | ﹤0.01% |
+3,869
| New | +$80K |
2025 Q4
0 quarters
|
|
1827
Samsara
IOT
$24.6B
| $77.4K | ﹤0.01% |
2,184
+225
| +11% | +$8.71K |
2024 Q2
6 quarters
|
|
1828
DELISTED
Leggett & Platt
LEG
| $77.3K | ﹤0.01% |
7,031
-1,709
| -20% | -$16.8K |
2023 Q4
8 quarters
|
|
1829
Lantheus
LNTH
$6.56B
| $77.1K | ﹤0.01% |
1,159
-956
| -45% | -$55.6K |
2023 Q4
8 quarters
|
|
1830
BlueLinx
BXC
$621M
| $77K | ﹤0.01% |
1,253
-1,267
| -50% | -$81.8K |
2023 Q4
8 quarters
|
|
1831
TETRA Technologies
TTI
$868M
| $76.8K | ﹤0.01% |
+8,193
| New | +$63.2K |
2025 Q4
0 quarters
|
|
1832
Westrock Coffee
WEST
$969M
| $76.5K | ﹤0.01% |
18,803
| – | – |
2024 Q1
7 quarters
|
|
1833
Dianthus Therapeutics
DNTH
$4.61B
| $76.5K | ﹤0.01% |
1,856
+525
| +39% | +$20.4K |
2025 Q2
2 quarters
|
|
1834
Trupanion
TRUP
$1.32B
| $76.4K | ﹤0.01% |
2,045
-1,399
| -41% | -$54.9K |
2024 Q3
5 quarters
|
|
1835
Freshpet
FRPT
$3.24B
| $76.2K | ﹤0.01% |
1,251
| – | – |
2024 Q2
6 quarters
|
|
1836
Boyd Gaming
BYD
$5.15B
| $76.2K | ﹤0.01% |
894
-1,330
| -60% | -$110K |
2023 Q4
8 quarters
|
|
1837
Mirion Technologies
MIR
$4.51B
| $75.9K | ﹤0.01% |
3,241
| – | – |
2024 Q1
7 quarters
|
|
1838
Regenxbio
RGNX
$475M
| $75.7K | ﹤0.01% |
5,255
-37,649
| -88% | -$469K |
2024 Q1
7 quarters
|
|
1839
Allegiant Air
ALGT
$1.95B
| $75.5K | ﹤0.01% |
885
-235
| -21% | -$16.8K |
2025 Q1
3 quarters
|
|
1840
Marcus Corp
MCS
$825M
| $75.4K | ﹤0.01% |
4,862
+760
| +19% | +$11.3K |
2025 Q1
3 quarters
|
|
1841
Lucid Motors
LCID
$1.19B
| $75.1K | ﹤0.01% |
7,107
-17,077
| -71% | -$273K |
2025 Q3
1 quarter
|
|
1842
Avantor
AVTR
$10.9B
| $75.1K | ﹤0.01% |
6,550
-6,303
| -49% | -$77.6K |
2024 Q4
4 quarters
|
|
1843
Banc of California
BANC
$2.89B
| $74.9K | ﹤0.01% |
3,885
+1,320
| +51% | +$23.7K |
2024 Q4
4 quarters
|
|
1844
NexPoint Residential Trust
NXRT
$461M
| $74.8K | ﹤0.01% |
2,486
+1,033
| +71% | +$31.7K |
2023 Q4
8 quarters
|
|
1845
Oil-Dri
ODC
$1.03B
| $74.6K | ﹤0.01% |
1,525
-319
| -17% | -$17.7K |
2025 Q3
1 quarter
|
|
1846
Ducommun
DCO
$2.42B
| $74.6K | ﹤0.01% |
784
-6,613
| -89% | -$616K |
2024 Q3
5 quarters
|
|
1847
Grindr
GRND
$2.2B
| $74.3K | ﹤0.01% |
5,485
-1,260
| -19% | -$17.1K |
2024 Q1
7 quarters
|
|
1848
Manitowoc
MTW
$831M
| $74K | ﹤0.01% |
6,172
-33,581
| -84% | -$382K |
2025 Q2
2 quarters
|
|
1849
Life Time Group Holdings
LTH
$10.1B
| $73.9K | ﹤0.01% |
2,781
+2,490
| +856% | +$64.8K |
2025 Q2
2 quarters
|
|
1850
Solaris Energy Infrastructure
SEI
$4.65B
| $73.7K | ﹤0.01% |
1,604
-1,030
| -39% | -$49.8K |
2025 Q3
1 quarter
|
|
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.