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 Index 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 | 12.78% |
| 4 | Technology | 10.66% |
| 5 | Healthcare | 8.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
201
ACI Worldwide
ACIW
$6.06B
| $2.01M | 0.11% |
42,057
+15,012
| +56% | +$728K |
2025 Q3
1 quarter
|
|
202
Viatris
VTRS
$22.9B
| $2M | 0.11% |
160,722
+119,273
| +288% | +$1.29M |
2024 Q3
5 quarters
|
|
203
CMS Energy
CMS
$21.7B
| $2M | 0.11% |
28,568
-20,636
| -42% | -$1.5M |
2024 Q1
7 quarters
|
|
204
ServisFirst Bancshares
SFBS
$4.49B
| $1.97M | 0.11% |
54,836
+9,860
| +22% | +$362K |
2023 Q4
8 quarters
|
|
205
Cardinal Health
CAH
$62.9B
| $1.97M | 0.11% |
9,576
+4,859
| +103% | +$914K |
2023 Q4
8 quarters
|
|
206
Rithm Capital
RITM
$5.15B
| $1.96M | 0.11% |
179,827
-15,966
| -8% | -$176K |
2024 Q2
6 quarters
|
|
207
NMI Holdings
NMIH
$2.94B
| $1.95M | 0.11% |
47,915
-45,662
| -49% | -$1.73M |
2023 Q4
8 quarters
|
|
208
RTX Corp
RTX
$256B
| $1.95M | 0.11% |
10,637
+8,940
| +527% | +$1.55M |
2025 Q3
1 quarter
|
|
209
Armour Residential REIT
ARR
$1.78B
| $1.94M | 0.11% |
109,730
+94,462
| +619% | +$1.57M |
2025 Q3
1 quarter
|
|
210
BigBear.ai
BBAI
$1.07B
| $1.92M | 0.11% |
+356,421
| New | +$2.33M |
2025 Q4
0 quarters
|
|
211
ITT
ITT
$18.3B
| $1.92M | 0.11% |
11,065
-12,383
| -53% | -$2.22M |
2023 Q4
8 quarters
|
|
212
Parker-Hannifin
PH
$116B
| $1.9M | 0.11% |
2,165
+1,865
| +622% | +$1.53M |
2023 Q4
8 quarters
|
|
213
SLM Corp
SLM
$3.18B
| $1.9M | 0.11% |
70,061
+27,513
| +65% | +$755K |
2024 Q3
5 quarters
|
|
214
Eagle Materials
EXP
$5.66B
| $1.88M | 0.11% |
+9,099
| New | +$2.01M |
2025 Q4
0 quarters
|
|
215
Johnson & Johnson
JNJ
$665B
| $1.88M | 0.11% |
9,087
-17,787
| -66% | -$3.52M |
2023 Q4
8 quarters
|
|
216
Vulcan Materials
VMC
$36.3B
| $1.87M | 0.1% |
6,567
+4,765
| +264% | +$1.4M |
2023 Q4
8 quarters
|
|
217
California Water Service
CWT
$3.21B
| $1.87M | 0.1% |
43,190
+11,233
| +35% | +$512K |
2024 Q1
7 quarters
|
|
218
Levi Strauss
LEVI
$8.77B
| $1.86M | 0.1% |
89,880
+22,143
| +33% | +$477K |
2024 Q2
6 quarters
|
|
219
Lakeland Financial Corp
LKFN
$1.51B
| $1.86M | 0.1% |
32,545
+20,992
| +182% | +$1.25M |
2024 Q1
7 quarters
|
|
220
Boston Scientific
BSX
$62B
| $1.85M | 0.1% |
19,454
+10,710
| +122% | +$1.05M |
2023 Q4
8 quarters
|
|
221
MSCI
MSCI
$46.6B
| $1.85M | 0.1% |
3,227
+2,807
| +668% | +$1.57M |
2023 Q4
8 quarters
|
|
222
Outfront Media
OUT
$5.42B
| $1.84M | 0.1% |
76,380
-3,294
| -4% | -$68.6K |
2024 Q1
7 quarters
|
|
223
W.P. Carey
WPC
$15B
| $1.82M | 0.1% |
28,339
+10,982
| +63% | +$731K |
2024 Q1
7 quarters
|
|
224
Vertiv
VRT
$70.4B
| $1.82M | 0.1% |
11,236
+7,453
| +197% | +$1.29M |
2024 Q1
7 quarters
|
|
225
Genworth Financial
GNW
$3.22B
| $1.8M | 0.1% |
199,722
+117,325
| +142% | +$1.02M |
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.