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 | |
|---|---|---|---|---|---|---|---|
1876
Chatham Lodging
CLDT
$687M
| $64.4K | ﹤0.01% |
9,461
-75,115
| -89% | -$498K |
2023 Q4
8 quarters
|
|
1877
Voya Financial
VOYA
$8.88B
| $64K | ﹤0.01% |
859
| – | – |
2024 Q3
5 quarters
|
|
1878
Community Trust Bancorp
CTBI
$1.25B
| $63.8K | ﹤0.01% |
1,129
-7,156
| -86% | -$395K |
2023 Q4
8 quarters
|
|
1879
Masco
MAS
$15.5B
| $63.6K | ﹤0.01% |
1,003
-456
| -31% | -$29.6K |
2023 Q4
8 quarters
|
|
1880
Capital Bancorp
CBNK
$681M
| $63.6K | ﹤0.01% |
2,259
+1,561
| +224% | +$44.8K |
2025 Q3
1 quarter
|
|
1881
Fortune Brands Innovations
FBIN
$5.34B
| $63.1K | ﹤0.01% |
1,262
-1,177
| -48% | -$59.1K |
2025 Q2
2 quarters
|
|
1882
Legacy Housing
LEGH
$698M
| $62.9K | ﹤0.01% |
3,224
-686
| -18% | -$14.7K |
2025 Q2
2 quarters
|
|
1883
Innovex International
INVX
$1.96B
| $62.8K | ﹤0.01% |
2,872
-12,067
| -81% | -$252K |
2024 Q2
6 quarters
|
|
1884
The RealReal
REAL
$1.49B
| $62K | ﹤0.01% |
3,928
-13,296
| -77% | -$174K |
2025 Q1
3 quarters
|
|
1885
Primo Brands
PRMB
$7.14B
| $61.9K | ﹤0.01% |
3,786
-479
| -11% | -$8.85K |
2024 Q4
4 quarters
|
|
1886
Korro Bio
KRRO
$211M
| $61.7K | ﹤0.01% |
7,703
+5,235
| +212% | +$122K |
2024 Q2
6 quarters
|
|
1887
American Homes 4 Rent
AMH
$11.4B
| $61.7K | ﹤0.01% |
1,922
-4,422
| -70% | -$142K |
2025 Q2
2 quarters
|
|
1888
People Inc
PPLI
$2.65B
| $61.6K | ﹤0.01% |
1,576
-39,681
| -96% | -$1.39M |
2023 Q4
8 quarters
|
|
1889
Jakks Pacific
JAKK
$362M
| $61.5K | ﹤0.01% |
3,646
+2,360
| +184% | +$40.9K |
2025 Q1
3 quarters
|
|
1890
Vistra
VST
$46.4B
| $61.3K | ﹤0.01% |
380
-219
| -37% | -$39.9K |
2023 Q4
8 quarters
|
|
1891
GeneDx Holdings
WGS
$2.06B
| $61.3K | ﹤0.01% |
471
-832
| -64% | -$114K |
2025 Q1
3 quarters
|
|
1892
Lumen Technologies, Inc. Common Stock
LUMN
$5.03B
| $61.2K | ﹤0.01% |
+7,882
| New | +$64.9K |
2025 Q4
0 quarters
|
|
1893
Fastenal
FAST
$59.6B
| $61.1K | ﹤0.01% |
1,522
-1,570
| -51% | -$66.1K |
2025 Q2
2 quarters
|
|
1894
UDR
UDR
$11.4B
| $60.8K | ﹤0.01% |
1,657
+147
| +10% | +$5.23K |
2025 Q2
2 quarters
|
|
1895
Casella Waste Systems
CWST
$5.94B
| $60.4K | ﹤0.01% |
617
+456
| +283% | +$42.3K |
2025 Q2
2 quarters
|
|
1896
DXC Technology
DXC
$2.33B
| $60K | ﹤0.01% |
4,094
-1,916
| -32% | -$26.3K |
2024 Q3
5 quarters
|
|
1897
Brighthouse Financial
BHF
$2.53B
| $59.5K | ﹤0.01% |
919
+352
| +62% | +$20.7K |
2023 Q4
8 quarters
|
|
1898
Alaska Air
ALK
$3.99B
| $59K | ﹤0.01% |
1,172
+487
| +71% | +$22.5K |
2025 Q3
1 quarter
|
|
1899
Wendy's
WEN
$1.37B
| $58.7K | ﹤0.01% |
7,049
-44,442
| -86% | -$383K |
2023 Q4
8 quarters
|
|
1900
Haverty Furniture Companies
HVT
$457M
| $58.6K | ﹤0.01% |
2,509
+151
| +6% | +$3.4K |
2024 Q3
5 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.