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 | |
|---|---|---|---|---|---|---|---|
2176
Ramaco Resources Class B
METCB
$263M
| $6.43K | ﹤0.01% |
576
-2
| -0.3% | -$27 |
2024 Q4
4 quarters
|
|
2177
EastGroup Properties
EGP
$10.7B
| $6.41K | ﹤0.01% |
36
-230
| -86% | -$40.9K |
2023 Q4
8 quarters
|
|
2178
Sensus Healthcare
SRTS
$45.4M
| $6.25K | ﹤0.01% |
1,571
| – | – |
2025 Q1
3 quarters
|
|
2179
Kodiak Sciences
KOD
$6.23B
| $5.87K | ﹤0.01% |
210
-10
| -5% | -$205 |
2025 Q3
1 quarter
|
|
2180
BJ's Restaurants
BJRI
$1.33B
| $5.87K | ﹤0.01% |
149
-20,116
| -99% | -$715K |
2024 Q3
5 quarters
|
|
2181
Frontier Group Holdings
ULCC
$1.49B
| $5.77K | ﹤0.01% |
1,226
| – | – |
2025 Q1
3 quarters
|
|
2182
Warrior Met Coal
HCC
$4.54B
| $5.64K | ﹤0.01% |
64
-144
| -69% | -$10.8K |
2025 Q1
3 quarters
|
|
2183
Paychex
PAYX
$39.9B
| $5.27K | ﹤0.01% |
47
-1,111
| -96% | -$130K |
2025 Q2
2 quarters
|
|
2184
Flotek Industries
FTK
$918M
| $5.07K | ﹤0.01% |
294
-12,376
| -98% | -$196K |
2025 Q2
2 quarters
|
|
2185
Rayonier Advanced Materials
RYAM
$447M
| $5.01K | ﹤0.01% |
850
| – | – |
2024 Q3
5 quarters
|
|
2186
Lennox International
LII
$11.8B
| $4.86K | ﹤0.01% |
10
-367
| -97% | -$184K |
2024 Q3
5 quarters
|
|
2187
Simon Property Group
SPG
$70.5B
| $4.81K | ﹤0.01% |
26
-2,246
| -99% | -$408K |
2024 Q4
4 quarters
|
|
2188
BK Technologies
BKTI
$257M
| $4.77K | ﹤0.01% |
64
-262
| -80% | -$18.8K |
2025 Q3
1 quarter
|
|
2189
Excelerate Energy
EE
$1.11B
| $4.63K | ﹤0.01% |
165
+19
| +13% | +$514 |
2025 Q2
2 quarters
|
|
2190
FuelCell Energy
FCEL
$897M
| $4.43K | ﹤0.01% |
+606
| New | +$4.95K |
2025 Q4
0 quarters
|
|
2191
TriCo Bancshares
TCBK
$1.68B
| $4.17K | ﹤0.01% |
88
-472
| -84% | -$21.7K |
2024 Q3
5 quarters
|
|
2192
Biomea Fusion
BMEA
$46.4M
| $4.1K | ﹤0.01% |
3,307
| – | – |
2025 Q1
3 quarters
|
|
2193
iRhythm Holdings
IRTC
$4.07B
| $4.08K | ﹤0.01% |
23
| – | – |
2025 Q1
3 quarters
|
|
2194
TripAdvisor
TRIP
$1.08B
| $3.96K | ﹤0.01% |
272
-6,626
| -96% | -$101K |
2025 Q3
1 quarter
|
|
2195
Diebold Nixdorf
DBD
$1.85B
| $3.94K | ﹤0.01% |
58
-802
| -93% | -$50.1K |
2025 Q1
3 quarters
|
|
2196
Xometry
XMTR
$5.37B
| $3.39K | ﹤0.01% |
57
-358
| -86% | -$20.2K |
2025 Q3
1 quarter
|
|
2197
Tango Therapeutics
TNGX
$3.83B
| $3.32K | ﹤0.01% |
375
-711
| -65% | -$6.13K |
2025 Q3
1 quarter
|
|
2198
Corcept Therapeutics
CORT
$8.77B
| $3.06K | ﹤0.01% |
88
+8
| +10% | +$628 |
2023 Q4
8 quarters
|
|
2199
Centuri Holdings
CTRI
$2.17B
| $3.06K | ﹤0.01% |
+121
| New | +$2.7K |
2025 Q4
0 quarters
|
|
|
GME.WS
2200
DELISTED
GameStop Corp Warrants
GME.WS
| $2.47K | ﹤0.01% |
+820
| New | +$2.54K |
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.