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 | |
|---|---|---|---|---|---|---|---|
1951
Alta Equipment Group
ALTG
$241M
| $48.1K | ﹤0.01% |
10,453
-20,093
| -66% | -$110K |
2024 Q2
6 quarters
|
|
1952
Liberty Live Group Series A
LLYVA
$9.26B
| $48K | ﹤0.01% |
589
-4,574
| -89% | -$381K |
2025 Q3
1 quarter
|
|
1953
LGI Homes
LGIH
$1.03B
| $47.9K | ﹤0.01% |
1,115
+874
| +363% | +$41K |
2025 Q1
3 quarters
|
|
1954
Redwood Trust
RWT
$393M
| $47.5K | ﹤0.01% |
8,589
| – | – |
2024 Q4
4 quarters
|
|
1955
Arhaus
ARHS
$1.76B
| $47.4K | ﹤0.01% |
4,231
-510
| -11% | -$5.3K |
2024 Q1
7 quarters
|
|
1956
DXP Enterprises
DXPE
$2.71B
| $47.4K | ﹤0.01% |
432
-402
| -48% | -$43.8K |
2025 Q2
2 quarters
|
|
1957
BellRing Brands
BRBR
$1.07B
| $46.9K | ﹤0.01% |
1,754
+1,722
| +5,381% | +$53.4K |
2024 Q1
7 quarters
|
|
1958
Allegro MicroSystems
ALGM
$5.69B
| $46.9K | ﹤0.01% |
1,776
-3,298
| -65% | -$90.8K |
2025 Q2
2 quarters
|
|
1959
Ryman Hospitality Properties
RHP
$9.19B
| $46.5K | ﹤0.01% |
491
+337
| +219% | +$31.1K |
2024 Q1
7 quarters
|
|
1960
Williams-Sonoma
WSM
$29.8B
| $46.4K | ﹤0.01% |
260
-763
| -75% | -$143K |
2024 Q4
4 quarters
|
|
1961
Stryker
SYK
$112B
| $46.4K | ﹤0.01% |
132
-1,499
| -92% | -$546K |
2024 Q1
7 quarters
|
|
1962
DELISTED
Sun Country Airlines
SNCY
| $46.4K | ﹤0.01% |
3,222
+397
| +14% | +$5.08K |
2025 Q1
3 quarters
|
|
1963
Tompkins Financial
TMP
$1.43B
| $46.2K | ﹤0.01% |
637
-3,417
| -84% | -$234K |
2025 Q2
2 quarters
|
|
1964
DELISTED
Clearwater Analytics
CWAN
| $46.2K | ﹤0.01% |
1,914
+930
| +95% | +$18.6K |
2024 Q1
7 quarters
|
|
1965
The RMR Group
RMR
$285M
| $46K | ﹤0.01% |
3,084
-6,950
| -69% | -$106K |
2024 Q2
6 quarters
|
|
1966
EPAM Systems
EPAM
$7.25B
| $45.5K | ﹤0.01% |
222
-8,292
| -97% | -$1.48M |
2023 Q4
8 quarters
|
|
1967
Barnes & Noble Education
BNED
$439M
| $44.6K | ﹤0.01% |
4,858
| – | – |
2025 Q1
3 quarters
|
|
1968
Independence Realty Trust
IRT
$3.47B
| $44.5K | ﹤0.01% |
2,546
-5,066
| -67% | -$84K |
2024 Q3
5 quarters
|
|
1969
Brown-Forman Class B
BF.B
$13.2B
| $44.1K | ﹤0.01% |
1,693
-136
| -7% | -$3.83K |
2023 Q4
8 quarters
|
|
1970
Janus International
JBI
$633M
| $44.1K | ﹤0.01% |
6,737
+78
| +1% | +$608 |
2023 Q4
8 quarters
|
|
1971
Turning Point Brands
TPB
$1.35B
| $43.9K | ﹤0.01% |
405
+114
| +39% | +$11.1K |
2023 Q4
8 quarters
|
|
1972
Trump Media & Technology Group
DJT
$1.55B
| $43.9K | ﹤0.01% |
3,315
-187
| -5% | -$2.55K |
2024 Q2
6 quarters
|
|
1973
California Resources
CRC
$4.93B
| $43.5K | ﹤0.01% |
973
-7,425
| -88% | -$352K |
2025 Q3
1 quarter
|
|
1974
SiTime
SITM
$13.4B
| $43.4K | ﹤0.01% |
123
-59
| -32% | -$18.5K |
2024 Q1
7 quarters
|
|
1975
Hilton Worldwide
HLT
$79.4B
| $43.1K | ﹤0.01% |
150
-799
| -84% | -$218K |
2024 Q1
7 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.