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 |
PNC Financial Services
PNC
|
+$4.24M |
| 2 |
Synovus
SNV
|
+$3.74M |
| 3 |
M&T Bank
MTB
|
+$3.56M |
| 4 |
Extra Space Storage
EXR
|
+$3.45M |
| 5 |
Wyndham Hotels & Resorts
WH
|
+$3.32M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Consolidated Edison
ED
|
+$3.83M |
| 2 |
New Jersey Resources
NJR
|
+$3.36M |
| 3 |
Genworth Financial
GNW
|
+$2.88M |
| 4 |
Comerica
CMA
|
+$2.86M |
| 5 |
UMB Financial
UMBF
|
+$2.78M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 22.9% |
| 2 | Industrials | 13.77% |
| 3 | Healthcare | 11.37% |
| 4 | Technology | 10.86% |
| 5 | Consumer Discretionary | 10.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
PNC Financial Services
PNC
$90.9B
| $5.18M | 0.56% |
29,457
+22,450
| +320% | +$4.24M |
2024 Q4
1 quarter
|
|
2
Old Republic International
ORI
$9.24B
| $4.11M | 0.45% |
104,785
+61,501
| +142% | +$2.26M |
2023 Q4
5 quarters
|
|
3
Balchem Corp
BCPC
$5.42B
| $4.08M | 0.44% |
24,600
+16,645
| +209% | +$2.73M |
2024 Q1
4 quarters
|
|
|
4
M&T Bank
MTB
$31.7B
| $3.85M | 0.42% |
21,531
+18,760
| +677% | +$3.56M |
2023 Q4
5 quarters
|
|
5
MGIC Investment
MTG
$5.83B
| $3.84M | 0.42% |
154,873
+107,988
| +230% | +$2.62M |
2023 Q4
5 quarters
|
|
|
6
DELISTED
Synovus
SNV
| $3.74M | 0.41% |
79,963
+72,384
| +955% | +$3.74M |
2024 Q3
2 quarters
|
|
7
National Fuel Gas
NFG
$7.56B
| $3.73M | 0.41% |
47,125
+15,330
| +48% | +$1.1M |
2023 Q4
5 quarters
|
|
8
Honeywell
HON
$69.2B
| $3.57M | 0.39% |
17,888
+15,470
| +640% | +$3.13M |
2023 Q4
5 quarters
|
|
9
NorthWestern Energy
NWE
$4.91B
| $3.53M | 0.38% |
60,988
+58,321
| +2,187% | +$3.17M |
2024 Q3
2 quarters
|
|
10
Otis Worldwide
OTIS
$28.8B
| $3.41M | 0.37% |
33,007
+23,669
| +253% | +$2.31M |
2023 Q4
5 quarters
|
|
|
11
Extra Space Storage
EXR
$31.6B
| $3.38M | 0.37% |
22,784
+22,734
| +45,468% | +$3.45M |
2024 Q4
1 quarter
|
|
12
DELISTED
Kellanova
K
| $3.28M | 0.36% |
39,767
+30,936
| +350% | +$2.54M |
2023 Q4
5 quarters
|
|
13
Marsh
MRSH
$95.4B
| $3.16M | 0.34% |
12,937
+4,202
| +48% | +$953K |
2023 Q4
5 quarters
|
|
14
Agree Realty
ADC
$8.73B
| $3.15M | 0.34% |
40,831
-6,522
| -14% | -$478K |
2024 Q1
4 quarters
|
|
15
East-West Bancorp
EWBC
$17.9B
| $3.12M | 0.34% |
34,722
+16,581
| +91% | +$1.58M |
2024 Q1
4 quarters
|
|
16
Granite Construction
GVA
$5.46B
| $3.12M | 0.34% |
41,333
+25,088
| +154% | +$2.1M |
2024 Q1
4 quarters
|
|
17
Prosperity Bancshares
PB
$8.62B
| $3.08M | 0.34% |
+43,220
| New | +$3.27M |
2025 Q1
0 quarters
|
|
18
Kite Realty
KRG
$4.96B
| $3.02M | 0.33% |
134,902
+41,847
| +45% | +$957K |
2024 Q3
2 quarters
|
|
19
DELISTED
Webster Financial
WBS
| $3.02M | 0.33% |
58,505
+37,246
| +175% | +$2.07M |
2023 Q4
5 quarters
|
|
20
General Dynamics
GD
$101B
| $3.01M | 0.33% |
11,048
+4,223
| +62% | +$1.1M |
2024 Q4
1 quarter
|
|
21
CNA Financial
CNA
$13.2B
| $3.01M | 0.33% |
59,183
+59,078
| +56,265% | +$2.88M |
2024 Q1
4 quarters
|
|
|
22
Wyndham Hotels & Resorts
WH
$5.58B
| $2.96M | 0.32% |
+32,716
| New | +$3.32M |
2025 Q1
0 quarters
|
|
23
Caterpillar
CAT
$286B
| $2.92M | 0.32% |
8,859
+7,126
| +411% | +$2.54M |
2024 Q2
3 quarters
|
|
24
S&P Global
SPGI
$135B
| $2.91M | 0.32% |
5,732
+915
| +19% | +$468K |
2023 Q4
5 quarters
|
|
25
Primerica
PRI
$8.65B
| $2.9M | 0.31% |
10,179
-2,113
| -17% | -$602K |
2024 Q2
3 quarters
|
|
Similar funds
AlphaQuest's Q1 2025 Portfolio in Review
As of Q1 2025, AlphaQuest held 2,095 positions worth $920M, up 22% from $753M the previous quarter. Its ten largest holdings account for 4.2% of the portfolio.
AlphaQuest deployed $217M of net new capital in Q1 2025, opening 423 new positions and adding to 903 existing holdings. Its largest new stake was Wyndham Hotels & Resorts: 32,716 shares worth $2.96M.
By sector, the portfolio is most concentrated in Financials at 23% of assets, up from 22% a quarter earlier, followed by Industrials and Healthcare.
On the sell side, the largest reduction was Consolidated Edison, an estimated $3.83M trimmed.
- AlphaQuest's largest Q1 2025 buy was Wyndham Hotels & Resorts: 32,716 shares worth $2.96M.
- AlphaQuest added most to PNC Financial Services in Q1 2025, an estimated $4.24M increase.
- AlphaQuest's biggest Q1 2025 reduction was Consolidated Edison, cutting an estimated $3.83M.
- AlphaQuest fully exited Genworth Financial in Q1 2025, selling an estimated $2.88M.
- AlphaQuest's ten largest holdings make up 4.2% of its $920M portfolio in Q1 2025.
- AlphaQuest opened 423 new positions and closed 77 in Q1 2025.
- AlphaQuest's portfolio value rose 22% quarter-over-quarter to $920M.
Based on AlphaQuest's 13F filing for Q1 2025, filed 14 May 2025.