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 | |
|---|---|---|---|---|---|---|---|
1976
EverCommerce
EVCM
$1.62B
| $43K | ﹤0.01% |
3,550
-24,232
| -87% | -$258K |
2025 Q3
1 quarter
|
|
1977
Fluence Energy
FLNC
$819M
| $42.7K | ﹤0.01% |
2,160
-20,419
| -90% | -$385K |
2023 Q4
8 quarters
|
|
1978
Dime Commercial Bancshares
DCOM
$1.84B
| $42.7K | ﹤0.01% |
1,419
-535
| -27% | -$15.5K |
2025 Q2
2 quarters
|
|
1979
Chewy
CHWY
$8.56B
| $42.3K | ﹤0.01% |
1,279
+57
| +5% | +$1.98K |
2024 Q3
5 quarters
|
|
1980
Olema Pharmaceuticals
OLMA
$612M
| $42.2K | ﹤0.01% |
1,690
+792
| +88% | +$14.1K |
2024 Q3
5 quarters
|
|
1981
Everpure Inc
P
$42.3B
| $41.7K | ﹤0.01% |
622
-46
| -7% | -$3.84K |
2024 Q3
5 quarters
|
|
1982
Mechanics Bancorp
MCHB
$3.24B
| $41.6K | ﹤0.01% |
2,841
-528
| -16% | -$7.34K |
2023 Q4
8 quarters
|
|
1983
BJs Wholesale Club
BJ
$13.6B
| $41.4K | ﹤0.01% |
460
-1,375
| -75% | -$126K |
2023 Q4
8 quarters
|
|
1984
Encore Capital Group
ECPG
$2.12B
| $41.4K | ﹤0.01% |
761
-361
| -32% | -$17.4K |
2023 Q4
8 quarters
|
|
1985
Trade Desk
TTD
$5.81B
| $41.3K | ﹤0.01% |
1,087
-1,227
| -53% | -$54.4K |
2024 Q3
5 quarters
|
|
1986
AudioEye
AEYE
$165M
| $41.1K | ﹤0.01% |
4,118
-1,673
| -29% | -$21.5K |
2025 Q3
1 quarter
|
|
1987
Qnity Electronics Inc
Q
$24.4B
| $41K | ﹤0.01% |
+502
| New | +$42.6K |
2025 Q4
0 quarters
|
|
1988
Adamas Trust
ADAM
$591M
| $40.8K | ﹤0.01% |
+5,589
| New | +$39.7K |
2025 Q4
0 quarters
|
|
1989
Net Lease Office Properties
NLOP
$133M
| $40.8K | ﹤0.01% |
1,581
+556
| +54% | +$15.7K |
2025 Q2
2 quarters
|
|
1990
DELISTED
Terns Pharmaceuticals
TERN
| $40.7K | ﹤0.01% |
1,008
-89,875
| -99% | -$2.08M |
2024 Q3
5 quarters
|
|
1991
Vistance Networks Inc
VISN
$1.51B
| $40.6K | ﹤0.01% |
2,238
-92
| -4% | -$1.59K |
2025 Q3
1 quarter
|
|
1992
Preformed Line Products
PLPC
$1.42B
| $40.5K | ﹤0.01% |
+196
| New | +$41.8K |
2025 Q4
0 quarters
|
|
1993
Washington Trust Bancorp
WASH
$736M
| $40.5K | ﹤0.01% |
+1,370
| New | +$39K |
2025 Q4
0 quarters
|
|
1994
Universal Corp
UVV
$1.03B
| $40.5K | ﹤0.01% |
767
-9,035
| -92% | -$480K |
2025 Q2
2 quarters
|
|
1995
Macerich
MAC
$6.9B
| $40.4K | ﹤0.01% |
2,187
+1,028
| +89% | +$18.1K |
2025 Q3
1 quarter
|
|
1996
Pilgrim's Pride
PPC
$6.84B
| $40.2K | ﹤0.01% |
1,030
-6,571
| -86% | -$253K |
2024 Q2
6 quarters
|
|
1997
Accendra Health
ACH
$19.5M
| $40K | ﹤0.01% |
14,302
| – | – |
2025 Q1
3 quarters
|
|
1998
Bowhead Specialty Holdings
BOW
$1.12B
| $40K | ﹤0.01% |
+1,401
| New | +$37.2K |
2025 Q4
0 quarters
|
|
1999
Option Care Health
OPCH
$4.77B
| $39.9K | ﹤0.01% |
1,251
-2,316
| -65% | -$68K |
2023 Q4
8 quarters
|
|
2000
Personalis
PSNL
$1.69B
| $39.9K | ﹤0.01% |
+5,007
| New | +$43.8K |
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.