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 | |
|---|---|---|---|---|---|---|---|
2076
Xerox
XRX
$195M
| $24.4K | ﹤0.01% |
10,290
| – | – |
2023 Q4
8 quarters
|
|
2077
Solstice Advanced Materials
SOLS
$9.6B
| $24.2K | ﹤0.01% |
+498
| New | +$23.4K |
2025 Q4
0 quarters
|
|
2078
United Parks & Resorts
PRKS
$1.4B
| $24.1K | ﹤0.01% |
663
-1,427
| -68% | -$59.3K |
2024 Q3
5 quarters
|
|
2079
Vir Biotechnology
VIR
$1.91B
| $23.2K | ﹤0.01% |
3,848
| – | – |
2023 Q4
8 quarters
|
|
2080
Sarepta Therapeutics
SRPT
$1.97B
| $23K | ﹤0.01% |
1,069
-1,492
| -58% | -$31.4K |
2025 Q1
3 quarters
|
|
2081
Lincoln Educational Services
LINC
$656M
| $22.9K | ﹤0.01% |
947
+11
| +1% | +$240 |
2025 Q1
3 quarters
|
|
2082
Louisiana-Pacific
LPX
$5.13B
| $22.7K | ﹤0.01% |
281
+172
| +158% | +$14.5K |
2024 Q1
7 quarters
|
|
2083
Lithia Motors
LAD
$6.48B
| $22.6K | ﹤0.01% |
68
-389
| -85% | -$124K |
2025 Q1
3 quarters
|
|
2084
Procept Biorobotics
PRCT
$1.1B
| $22.4K | ﹤0.01% |
711
-12,686
| -95% | -$421K |
2025 Q1
3 quarters
|
|
2085
Funko
FNKO
$357M
| $22.2K | ﹤0.01% |
6,520
| – | – |
2024 Q2
6 quarters
|
|
2086
Medifast
MED
$136M
| $22.1K | ﹤0.01% |
2,068
-8,045
| -80% | -$96.3K |
2025 Q1
3 quarters
|
|
2087
Piedmont Realty Trust
PDM
$1.19B
| $22K | ﹤0.01% |
2,633
+833
| +46% | +$6.96K |
2025 Q3
1 quarter
|
|
2088
Camden National
CAC
$969M
| $22K | ﹤0.01% |
506
| – | – |
2024 Q3
5 quarters
|
|
2089
Advanced Energy
AEIS
$8.89B
| $21.8K | ﹤0.01% |
104
-786
| -88% | -$160K |
2025 Q3
1 quarter
|
|
2090
Anavex Life Sciences
AVXL
$110M
| $21.5K | ﹤0.01% |
6,036
+2,807
| +87% | +$17.2K |
2025 Q3
1 quarter
|
|
2091
OceanFirst Financial
OCFC
$1.77B
| $20.7K | ﹤0.01% |
1,152
-11,268
| -91% | -$211K |
2023 Q4
8 quarters
|
|
2092
Pediatrix Medical
MD
$2.33B
| $20.6K | ﹤0.01% |
963
-4,531
| -82% | -$92.8K |
2024 Q1
7 quarters
|
|
2093
QuickLogic
QUIK
$160M
| $20.1K | ﹤0.01% |
3,347
| – | – |
2024 Q2
6 quarters
|
|
2094
Cloudflare
NET
$100B
| $20.1K | ﹤0.01% |
102
+48
| +89% | +$10.2K |
2025 Q3
1 quarter
|
|
2095
Nike
NKE
$57.4B
| $19.8K | ﹤0.01% |
311
-18
| -5% | -$1.17K |
2025 Q3
1 quarter
|
|
2096
DELISTED
Masimo
MASI
| $19.6K | ﹤0.01% |
+151
| New | +$21.6K |
2025 Q4
0 quarters
|
|
2097
Neonode
NEON
$11.1M
| $19.6K | ﹤0.01% |
11,262
+6,639
| +144% | +$17.6K |
2025 Q2
2 quarters
|
|
2098
Emergent Biosolutions
EBS
$349M
| $19.1K | ﹤0.01% |
1,549
-18,248
| -92% | -$196K |
2025 Q3
1 quarter
|
|
2099
Pro-Dex
PDEX
$188M
| $19K | ﹤0.01% |
495
-1,590
| -76% | -$54.9K |
2025 Q3
1 quarter
|
|
2100
Coca-Cola Consolidated
COKE
$14B
| $19K | ﹤0.01% |
124
-93
| -43% | -$13.6K |
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.