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 | |
|---|---|---|---|---|---|---|---|
2101
Ormat Technologies
ORA
$5.52B
| $19K | ﹤0.01% |
172
-375
| -69% | -$41K |
2024 Q3
5 quarters
|
|
2102
Vestis
VSTS
$1.96B
| $18.8K | ﹤0.01% |
2,819
| – | – |
2025 Q2
2 quarters
|
|
2103
Byrna Technologies
BYRN
$101M
| $18.7K | ﹤0.01% |
1,112
-756
| -40% | -$14.7K |
2024 Q3
5 quarters
|
|
2104
PowerFleet Inc
AIOT
$388M
| $18.2K | ﹤0.01% |
3,422
| – | – |
2025 Q1
3 quarters
|
|
2105
Wolverine World Wide
WWW
$1.71B
| $17.9K | ﹤0.01% |
985
-2,272
| -70% | -$45.9K |
2025 Q1
3 quarters
|
|
2106
Kura Sushi USA
KRUS
$425M
| $17.7K | ﹤0.01% |
339
| – | – |
2025 Q1
3 quarters
|
|
2107
Marriott Vacations Worldwide
VAC
$3.97B
| $17.4K | ﹤0.01% |
302
-1,375
| -82% | -$81.3K |
2024 Q4
4 quarters
|
|
2108
Enovis
ENOV
$1.15B
| $17.4K | ﹤0.01% |
652
+329
| +102% | +$9.7K |
2025 Q3
1 quarter
|
|
2109
Build-A-Bear
BBW
$340M
| $17K | ﹤0.01% |
277
+183
| +195% | +$10K |
2024 Q4
4 quarters
|
|
2110
CoreCivic
CXW
$3.05B
| $16.8K | ﹤0.01% |
880
-10,627
| -92% | -$195K |
2023 Q4
8 quarters
|
|
2111
Essex Property Trust
ESS
$17B
| $16.7K | ﹤0.01% |
64
-225
| -78% | -$58.2K |
2024 Q3
5 quarters
|
|
2112
1-800-Flowers.com
FLWS
$185M
| $16.7K | ﹤0.01% |
4,244
| – | – |
2025 Q1
3 quarters
|
|
2113
Children's Place
PLCE
$9.34M
| $16.5K | ﹤0.01% |
4,149
+339
| +9% | +$2.43K |
2024 Q1
7 quarters
|
|
2114
Atlanticus Holdings
ATLC
$1.42B
| $16.5K | ﹤0.01% |
246
-1,192
| -83% | -$70.1K |
2025 Q2
2 quarters
|
|
2115
Thor Industries
THO
$3.81B
| $16.4K | ﹤0.01% |
160
-2,879
| -95% | -$299K |
2024 Q4
4 quarters
|
|
2116
Bread Financial
BFH
$3.93B
| $16.2K | ﹤0.01% |
219
-28,823
| -99% | -$1.89M |
2025 Q3
1 quarter
|
|
2117
SunCoke Energy
SXC
$962M
| $16.2K | ﹤0.01% |
2,250
-25,546
| -92% | -$188K |
2024 Q3
5 quarters
|
|
2118
Solventum
SOLV
$13.8B
| $15.9K | ﹤0.01% |
201
+1
| +0.5% | +$77 |
2025 Q3
1 quarter
|
|
2119
BrightSpring Health Services
BTSG
$13.3B
| $15.8K | ﹤0.01% |
+423
| New | +$14.2K |
2025 Q4
0 quarters
|
|
2120
Arthur J. Gallagher & Co
AJG
$70.8B
| $15.8K | ﹤0.01% |
61
-145
| -70% | -$38.4K |
2025 Q1
3 quarters
|
|
2121
Xponential Fitness
XPOF
$188M
| $15.8K | ﹤0.01% |
1,916
+1
| +0.1% | +$7 |
2024 Q3
5 quarters
|
|
2122
Unusual Machines
UMAC
$776M
| $15.6K | ﹤0.01% |
1,224
-35,756
| -97% | -$419K |
2025 Q3
1 quarter
|
|
2123
Tejon Ranch
TRC
$443M
| $15.5K | ﹤0.01% |
981
-353
| -26% | -$5.63K |
2025 Q2
2 quarters
|
|
2124
Anika Therapeutics
ANIK
$280M
| $15.4K | ﹤0.01% |
1,607
| – | – |
2025 Q3
1 quarter
|
|
2125
DELISTED
Liberty Broadband Class C
LBRDK
| $15.3K | ﹤0.01% |
314
| – | – |
2024 Q4
4 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.