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 | |
|---|---|---|---|---|---|---|---|
2126
Construction Partners
ROAD
$5.1B
| $14.9K | ﹤0.01% |
137
-71
| -34% | -$7.99K |
2024 Q4
4 quarters
|
|
2127
Trinity Industries
TRN
$2.3B
| $14.7K | ﹤0.01% |
557
-38,049
| -99% | -$1.03M |
2024 Q1
7 quarters
|
|
2128
DELISTED
First Foundation Inc
FFWM
| $14.7K | ﹤0.01% |
2,389
| – | – |
2025 Q1
3 quarters
|
|
2129
Delcath Systems
DCTH
$487M
| $14.5K | ﹤0.01% |
+1,433
| New | +$14.2K |
2025 Q4
0 quarters
|
|
2130
NET Power
NPWR
$73.8M
| $14.3K | ﹤0.01% |
6,275
| – | – |
2024 Q3
5 quarters
|
|
2131
Pliant Therapeutics
PLRX
$53.2M
| $14.3K | ﹤0.01% |
11,716
| – | – |
2023 Q4
8 quarters
|
|
|
2132
WESCO International
WCC
$16.7B
| $14.2K | ﹤0.01% |
58
-18,581
| -100% | -$4.56M |
2023 Q4
8 quarters
|
|
2133
Rezolute
RZLT
$382M
| $14.1K | ﹤0.01% |
5,992
-20,768
| -78% | -$163K |
2025 Q3
1 quarter
|
|
2134
Everforth Inc
EFOR
$1.57B
| $14.1K | ﹤0.01% |
292
-464
| -61% | -$21.4K |
2025 Q1
3 quarters
|
|
2135
Krispy Kreme
DNUT
$567M
| $13.8K | ﹤0.01% |
3,422
| – | – |
2025 Q1
3 quarters
|
|
2136
RXO
RXO
$4.53B
| $13.6K | ﹤0.01% |
1,078
+447
| +71% | +$6.59K |
2025 Q2
2 quarters
|
|
2137
Gilead Sciences
GILD
$212B
| $13.6K | ﹤0.01% |
111
-11,032
| -99% | -$1.34M |
2023 Q4
8 quarters
|
|
2138
Verastem
VSTM
$1.18B
| $13.6K | ﹤0.01% |
1,763
+1,762
| +176,200% | +$15.7K |
2025 Q2
2 quarters
|
|
2139
Maravai LifeSciences
MRVI
$1.16B
| $13.6K | ﹤0.01% |
4,177
| – | – |
2025 Q1
3 quarters
|
|
2140
B&G Foods
BGS
$189M
| $13.2K | ﹤0.01% |
3,076
| – | – |
2025 Q1
3 quarters
|
|
2141
Zimmer Biomet
ZBH
$18B
| $13.1K | ﹤0.01% |
146
-4,987
| -97% | -$473K |
2025 Q1
3 quarters
|
|
2142
Baxter International
BAX
$11.9B
| $13.1K | ﹤0.01% |
683
+166
| +32% | +$3.32K |
2025 Q3
1 quarter
|
|
2143
Mid Penn Bancorp
MPB
$860M
| $12.8K | ﹤0.01% |
+414
| New | +$12.2K |
2025 Q4
0 quarters
|
|
2144
LoveSac
LOVE
$236M
| $12.3K | ﹤0.01% |
836
-16,002
| -95% | -$226K |
2024 Q4
4 quarters
|
|
2145
Loar Holdings
LOAR
$5.82B
| $12.2K | ﹤0.01% |
+179
| New | +$13K |
2025 Q4
0 quarters
|
|
2146
Vishay Precision Group
VPG
$727M
| $12.2K | ﹤0.01% |
+316
| New | +$11.2K |
2025 Q4
0 quarters
|
|
2147
GATX Corp
GATX
$6.32B
| $11.7K | ﹤0.01% |
69
+68
| +6,800% | +$11.2K |
2025 Q1
3 quarters
|
|
2148
Atomera
ATOM
$131M
| $11.5K | ﹤0.01% |
5,215
| – | – |
2024 Q4
4 quarters
|
|
2149
AirSculpt Technologies
AIRS
$125M
| $11.4K | ﹤0.01% |
+5,743
| New | +$34.9K |
2025 Q4
0 quarters
|
|
2150
Red Cat Holdings
RCAT
$707M
| $11.3K | ﹤0.01% |
1,422
-9,417
| -87% | -$90.1K |
2025 Q2
2 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.