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 | |
|---|---|---|---|---|---|---|---|
2226
AFC Gamma
AFCG
$67.6M
| $154 | ﹤0.01% |
54
| – | – |
2024 Q4
4 quarters
|
|
2227
Genuine Parts
GPC
$16.7B
| $123 | ﹤0.01% |
1
-419
| -100% | -$54.2K |
2025 Q3
1 quarter
|
|
2228
Bank First Corp
BFC
$1.65B
| $122 | ﹤0.01% |
1
| – | – |
2024 Q1
7 quarters
|
|
2229
Starbucks
SBUX
$118B
| $84 | ﹤0.01% |
1
-706
| -100% | -$59.6K |
2025 Q3
1 quarter
|
|
2230
Antero Midstream
AM
$10.1B
| $71 | ﹤0.01% |
4
-25,562
| -100% | -$461K |
2023 Q4
8 quarters
|
|
2231
CorVel
CRVL
$4.15B
| $68 | ﹤0.01% |
1
-244
| -100% | -$17.7K |
2024 Q1
7 quarters
|
|
2232
Asure Software
ASUR
$284M
| $66 | ﹤0.01% |
7
| – | – |
2025 Q1
3 quarters
|
|
2233
Banner Corp
BANR
$2.54B
| $63 | ﹤0.01% |
1
-236
| -100% | -$14.9K |
2025 Q2
2 quarters
|
|
2234
Mondelez International
MDLZ
$82.2B
| $54 | ﹤0.01% |
1
-692
| -100% | -$39.8K |
2024 Q4
4 quarters
|
|
2235
U-Haul Holding Co Series N
UHAL.B
$9.9B
| $47 | ﹤0.01% |
1
| – | – |
2025 Q3
1 quarter
|
|
2236
Winnebago Industries
WGO
$871M
| $41 | ﹤0.01% |
1
-469
| -100% | -$17.1K |
2024 Q4
4 quarters
|
|
2237
International Paper
IP
$19.3B
| $39 | ﹤0.01% |
1
-349
| -100% | -$14.4K |
2024 Q1
7 quarters
|
|
2238
York Water
YORW
$513M
| $32 | ﹤0.01% |
1
| – | – |
2024 Q4
4 quarters
|
|
2239
TIC Solutions Inc
TIC
$2.19B
| $20 | ﹤0.01% |
2
| – | – |
2025 Q3
1 quarter
|
|
2240
Eastern Bankshares
EBC
$5.12B
| $18 | ﹤0.01% |
1
-24,127
| -100% | -$442K |
2025 Q2
2 quarters
|
|
2241
Perma-Fix Environmental Services
PESI
$264M
| $13 | ﹤0.01% |
1
-718
| -100% | -$9.15K |
2025 Q3
1 quarter
|
|
2242
Amplitude
AMPL
$2.13B
| $12 | ﹤0.01% |
1
-825
| -100% | -$8.68K |
2025 Q1
3 quarters
|
|
2243
Lightpath Technologies
LPTH
$567M
| $11 | ﹤0.01% |
+1
| New | +$8 |
2025 Q4
0 quarters
|
|
2244
Mitek Systems
MITK
$815M
| $11 | ﹤0.01% |
1
-13,257
| -100% | -$125K |
2025 Q3
1 quarter
|
|
2245
Amcor
AMCR
$21.9B
| – | – |
0
| – | – |
2025 Q2
2 quarters
|
|
2246
Aaon
AAON
$5.56B
| – | – |
-105
| Closed | -$9.8K | – |
|
2247
Adeia
ADEA
$2.36B
| – | – |
-1,229
| Closed | -$20.6K | – |
|
2248
AGCO
AGCO
$7.65B
| – | – |
-141
| Closed | -$15.1K | – |
|
2249
DELISTED
Akero Therapeutics
AKRO
| – | – |
-9,186
| Closed | -$436K | – |
|
|
2250
DELISTED
Allete
ALE
| – | – |
-63,691
| Closed | -$4.23M | – |
|
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.