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 | |
|---|---|---|---|---|---|---|---|
2276
DELISTED
iRobot
IRBT
| – | – |
-7,623
| Closed | -$27.4K | – |
|
2277
Intuitive Surgical
ISRG
$153B
| – | – |
-121
| Closed | -$54.1K | – |
|
2278
Karat Packaging
KRT
$1.08B
| – | – |
-16,130
| Closed | -$407K | – |
|
2279
Ligand Pharmaceuticals
LGND
$6.43B
| – | – |
-94
| Closed | -$16.7K | – |
|
2280
DELISTED
Light & Wonder
LNW
| – | – |
-6,494
| Closed | -$545K | – |
|
2281
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$29.7B
| – | – |
-8,498
| Closed | -$947K | – |
|
2282
Mama's Creations
MAMA
$598M
| – | – |
-39
| Closed | -$410 | – |
|
2283
DELISTED
MeridianLink
MLNK
| – | – |
-21,883
| Closed | -$436K | – |
|
2284
DELISTED
MRC Global
MRC
| – | – |
-110,466
| Closed | -$1.59M | – |
|
2285
DELISTED
ODP
ODP
| – | – |
-2,388
| Closed | -$66.5K | – |
|
2286
DELISTED
Potbelly
PBPB
| – | – |
-1,302
| Closed | -$22.2K | – |
|
2287
PACCAR
PCAR
$53.7B
| – | – |
-386
| Closed | -$38K | – |
|
2288
DELISTED
Premier
PINC
| – | – |
-23,754
| Closed | -$660K | – |
|
2289
Prologis
PLD
$122B
| – | – |
-344
| Closed | -$39.4K | – |
|
2290
DELISTED
PROS Holdings
PRO
| – | – |
-2,372
| Closed | -$54.3K | – |
|
2291
QuidelOrtho
QDEL
$909M
| – | – |
-519
| Closed | -$15.3K | – |
|
2292
DELISTED
Steelcase
SCS
| – | – |
-5,163
| Closed | -$88.8K | – |
|
2293
DELISTED
Spirit AeroSystems
SPR
| – | – |
-7,139
| Closed | -$276K | – |
|
2294
DELISTED
Surmodics
SRDX
| – | – |
-10,030
| Closed | -$300K | – |
|
2295
Stoneridge
SRI
$162M
| – | – |
-25,303
| Closed | -$193K | – |
|
2296
Stock Yards Bancorp
SYBT
$2.44B
| – | – |
-141
| Closed | -$9.9K | – |
|
2297
DELISTED
Tourmaline Bio
TRML
| – | – |
-7,323
| Closed | -$350K | – |
|
2298
DELISTED
Veritex Holdings
VBTX
| – | – |
-68,656
| Closed | -$2.3M | – |
|
2299
DELISTED
Verint Systems
VRNT
| – | – |
-42,860
| Closed | -$868K | – |
|
2300
DELISTED
Vital Energy
VTLE
| – | – |
-18,494
| Closed | -$312K | – |
|
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.