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 | |
|---|---|---|---|---|---|---|---|
2201
Healthpeak Properties
DOC
$13.1B
| $2.35K | ﹤0.01% |
146
-2,718
| -95% | -$47.9K |
2025 Q2
2 quarters
|
|
2202
Hain Celestial
HAIN
$10.8M
| $2.19K | ﹤0.01% |
2,046
| – | – |
2024 Q1
7 quarters
|
|
2203
Quanterix
QTRX
$137M
| $2.14K | ﹤0.01% |
336
| – | – |
2025 Q1
3 quarters
|
|
2204
NextNav
NN
$1.94B
| $1.98K | ﹤0.01% |
119
-1,671
| -93% | -$23.7K |
2025 Q2
2 quarters
|
|
2205
VSE Corp
VSEC
$4.15B
| $1.73K | ﹤0.01% |
10
-74
| -88% | -$12.7K |
2025 Q2
2 quarters
|
|
|
BBBYW
2206
DELISTED
Neighborhood Intelligence Inc Warrants
BBBYW
| $1.59K | ﹤0.01% |
+2,412
| New | +$2.29K |
2025 Q4
0 quarters
|
|
2207
Root
ROOT
$802M
| $1.44K | ﹤0.01% |
20
| – | – |
2025 Q1
3 quarters
|
|
2208
Liberty Capital Corp Series C GCI Group Common Stock
GLIBK
$906M
| $1.38K | ﹤0.01% |
+37
| New | +$1.3K |
2025 Q4
0 quarters
|
|
2209
Kratos Defense & Security Solutions
KTOS
$7.74B
| $1.37K | ﹤0.01% |
+18
| New | +$1.47K |
2025 Q4
0 quarters
|
|
2210
Ares Management
ARES
$29.1B
| $1.29K | ﹤0.01% |
8
-21
| -72% | -$3.27K |
2025 Q1
3 quarters
|
|
2211
Virco
VIRC
$97.7M
| $1.22K | ﹤0.01% |
191
| – | – |
2025 Q3
1 quarter
|
|
2212
DELISTED
RE/MAX Holdings
RMAX
| $1.11K | ﹤0.01% |
146
+124
| +564% | +$1.01K |
2024 Q3
5 quarters
|
|
2213
Cohen & Steers
CNS
$3.73B
| $942 | ﹤0.01% |
15
-1,945
| -99% | -$127K |
2024 Q4
4 quarters
|
|
2214
Iovance Biotherapeutics
IOVA
$3.84B
| $860 | ﹤0.01% |
315
| – | – |
2024 Q1
7 quarters
|
|
2215
Aurora
AUR
$8.81B
| $852 | ﹤0.01% |
222
| – | – |
2025 Q3
1 quarter
|
|
2216
JetBlue
JBLU
$1.08B
| $746 | ﹤0.01% |
164
| – | – |
2025 Q1
3 quarters
|
|
2217
DELISTED
AvalonBay Communities
AVB
| $725 | ﹤0.01% |
4
-165
| -98% | -$29.9K |
2025 Q3
1 quarter
|
|
2218
Revvity
RVTY
$17.5B
| $581 | ﹤0.01% |
6
-187
| -97% | -$18K |
2025 Q3
1 quarter
|
|
2219
DELISTED
Applied Therapeutics
APLT
| $466 | ﹤0.01% |
4,661
| – | – |
2024 Q4
4 quarters
|
|
2220
Marriott International
MAR
$104B
| $310 | ﹤0.01% |
1
-209
| -100% | -$59.7K |
2025 Q1
3 quarters
|
|
2221
Kadant
KAI
$3.13B
| $285 | ﹤0.01% |
1
-69
| -99% | -$19.6K |
2024 Q1
7 quarters
|
|
2222
LifeMD
LFMD
$111M
| $239 | ﹤0.01% |
70
| – | – |
2025 Q3
1 quarter
|
|
2223
Ridgepost Capital
RPC
$1.02B
| $226 | ﹤0.01% |
23
| – | – |
2024 Q3
5 quarters
|
|
2224
Seneca Foods Class A
SENEA
$1.08B
| $221 | ﹤0.01% |
2
| – | – |
2024 Q4
4 quarters
|
|
2225
IDEX
IEX
$17.2B
| $178 | ﹤0.01% |
1
| – | – |
2025 Q1
3 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.