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 | |
|---|---|---|---|---|---|---|---|
2151
Perma-Pipe International
PPIH
$240M
| $11K | ﹤0.01% |
+362
| New | +$9.9K |
2025 Q4
0 quarters
|
|
2152
Smith Douglas Homes
SDHC
$85.9M
| $10.6K | ﹤0.01% |
631
-10,395
| -94% | -$188K |
2025 Q3
1 quarter
|
|
2153
STRATTEC Security
STRT
$247M
| $10.2K | ﹤0.01% |
+134
| New | +$9.6K |
2025 Q4
0 quarters
|
|
2154
Newell Brands
NWL
$2.21B
| $10K | ﹤0.01% |
2,683
| – | – |
2024 Q4
4 quarters
|
|
2155
Filana Therapeutics
FLNA
$30M
| $10K | ﹤0.01% |
5,026
| – | – |
2023 Q4
8 quarters
|
|
|
SILA
2156
DELISTED
Sila Realty Trust
SILA
| $9.6K | ﹤0.01% |
+413
| New | +$9.7K |
2025 Q4
0 quarters
|
|
2157
Tyler Technologies
TYL
$15.7B
| $9.5K | ﹤0.01% |
21
-1
| -5% | -$476 |
2024 Q4
4 quarters
|
|
2158
Xeris Biopharma Holdings
XERS
$1.95B
| $9.45K | ﹤0.01% |
1,204
-3,096
| -72% | -$24.4K |
2025 Q3
1 quarter
|
|
2159
Applovin
APP
$76.5B
| $9.43K | ﹤0.01% |
14
-36
| -72% | -$22.7K |
2024 Q2
6 quarters
|
|
2160
Sandisk
SNDK
$166B
| $8.55K | ﹤0.01% |
36
| – | – |
2025 Q1
3 quarters
|
|
2161
Carriage Services
CSV
$554M
| $8.29K | ﹤0.01% |
196
-8,358
| -98% | -$363K |
2024 Q1
7 quarters
|
|
2162
First Advantage
FA
$3.71B
| $8.08K | ﹤0.01% |
556
-902
| -62% | -$12.7K |
2024 Q1
7 quarters
|
|
2163
Intrepid Potash
IPI
$425M
| $7.99K | ﹤0.01% |
288
+287
| +28,700% | +$7.72K |
2024 Q2
6 quarters
|
|
2164
UL Solutions
ULS
$15.1B
| $7.96K | ﹤0.01% |
+101
| New | +$8.11K |
2025 Q4
0 quarters
|
|
2165
BrightView Holdings
BV
$1.09B
| $7.77K | ﹤0.01% |
613
-1,033
| -63% | -$13.1K |
2025 Q1
3 quarters
|
|
2166
Surgery Partners
SGRY
$2.99B
| $7.71K | ﹤0.01% |
499
-714
| -59% | -$13.1K |
2024 Q4
4 quarters
|
|
2167
McCormick & Company Non-Voting
MKC
$12.7B
| $7.63K | ﹤0.01% |
112
-251
| -69% | -$16.7K |
2024 Q4
4 quarters
|
|
2168
Idaho Strategic Resources
IDR
$310M
| $7.62K | ﹤0.01% |
189
| – | – |
2025 Q1
3 quarters
|
|
2169
Qualys
QLYS
$7.75B
| $7.58K | ﹤0.01% |
57
-510
| -90% | -$70.2K |
2023 Q4
8 quarters
|
|
2170
CleanSpark
CLSK
$1.97B
| $7.16K | ﹤0.01% |
708
| – | – |
2025 Q1
3 quarters
|
|
2171
MasterCraft Boat Holdings
MCFT
$521M
| $7.11K | ﹤0.01% |
+376
| New | +$7.42K |
2025 Q4
0 quarters
|
|
2172
Alight
ALIT
$236M
| $6.77K | ﹤0.01% |
174
| – | – |
2025 Q1
3 quarters
|
|
2173
Zoetis
ZTS
$32.9B
| $6.67K | ﹤0.01% |
53
-14,555
| -100% | -$1.9M |
2023 Q4
8 quarters
|
|
2174
InvenTrust Properties
IVT
$2.42B
| $6.66K | ﹤0.01% |
236
-14,195
| -98% | -$400K |
2023 Q4
8 quarters
|
|
2175
Rubrik
RBRK
$25.7B
| $6.65K | ﹤0.01% |
+87
| New | +$6.67K |
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.