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AlphaQuest Portfolio holdings
AUM
$1.79B
Turnover
5.89%
1-Year Est. Return
10.61%
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.
This Fund
S&P 500
This Quarter Est. Return
+5.8%
1 Year Est. Return
+10.61%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.02B
AUM Growth
+$98.2M
(+11%)
Cap. Flow
+$68.2M
Cap. Flow % of AUM
Cap. Flow %
6.7%
Top 10 Holdings %
Top 10 Hldgs %
7.06%
Holding
2,198
New
179
Increased
954
Reduced
717
Closed
214
Avg Time Held
0.8
years
Top 10 Avg Time Held
0.1
years
Top 20 Avg Time Held
0.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$27.2M |
| 2 |
Schwab Intermediately-Term US Treasury ETF
SCHR
|
+$5.81M |
| 3 |
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
|
+$5.81M |
| 4 |
Vanguard Intermediate-Term Treasury ETF
VGIT
|
+$5.81M |
| 5 |
iShares 3-7 Year Treasury Bond ETF
IEI
|
+$5.81M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Balchem Corp
BCPC
|
+$4.08M |
| 2 |
Kellanova
K
|
+$3.28M |
| 3 |
Agree Realty
ADC
|
+$3.15M |
| 4 |
Sezzle
SEZL
|
+$2.88M |
| 5 |
S&P Global
SPGI
|
+$2.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.93% |
| 2 | Industrials | 14.6% |
| 3 | Technology | 11.67% |
| 4 | Consumer Discretionary | 10.22% |
| 5 | Healthcare | 8.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
iShares 7-10 Year Treasury Bond ETF
IEF
$41.8B
| $27.6M | 2.71% |
+288,165
| New | +$27.2M |
2025 Q2
0 quarters
|
|
|
2
Schwab Intermediately-Term US Treasury ETF
SCHR
$13.6B
| $5.87M | 0.58% |
+234,462
| New | +$5.81M |
2025 Q2
0 quarters
|
|
|
3
Vanguard Intermediate-Term Treasury ETF
VGIT
$40.4B
| $5.87M | 0.58% |
+98,111
| New | +$5.81M |
2025 Q2
0 quarters
|
|
|
4
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$11B
| $5.87M | 0.58% |
+203,962
| New | +$5.81M |
2025 Q2
0 quarters
|
|
|
5
iShares 3-7 Year Treasury Bond ETF
IEI
$17.1B
| $5.86M | 0.58% |
+49,217
| New | +$5.81M |
2025 Q2
0 quarters
|
|
6
Commerce Bancshares
CBSH
$7.82B
| $4.52M | 0.44% |
76,267
+70,663
| +1,261% | +$4.15M |
2024 Q3
3 quarters
|
|
7
PNC Financial Services
PNC
$90.9B
| $4.23M | 0.42% |
22,689
-6,768
| -23% | -$1.15M |
2024 Q4
2 quarters
|
|
8
DELISTED
Synovus
SNV
| $4.2M | 0.41% |
81,074
+1,111
| +1% | +$51.1K |
2024 Q3
3 quarters
|
|
9
Dover
DOV
$27.6B
| $3.99M | 0.39% |
21,795
+12,101
| +125% | +$2.11M |
2023 Q4
6 quarters
|
|
10
Old Republic International
ORI
$9.24B
| $3.92M | 0.39% |
102,049
-2,736
| -3% | -$103K |
2023 Q4
6 quarters
|
|
11
National Fuel Gas
NFG
$7.56B
| $3.88M | 0.38% |
45,786
-1,339
| -3% | -$108K |
2023 Q4
6 quarters
|
|
12
Invitation Homes
INVH
$15.3B
| $3.69M | 0.36% |
112,535
+98,041
| +676% | +$3.29M |
2024 Q4
2 quarters
|
|
13
Pinnacle West Capital
PNW
$12.9B
| $3.62M | 0.36% |
40,431
+15,085
| +60% | +$1.38M |
2024 Q3
3 quarters
|
|
14
Armstrong World Industries
AWI
$6.96B
| $3.55M | 0.35% |
21,854
+8,032
| +58% | +$1.19M |
2024 Q2
4 quarters
|
|
15
DELISTED
Webster Financial
WBS
| $3.51M | 0.34% |
64,241
+5,736
| +10% | +$286K |
2023 Q4
6 quarters
|
|
16
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15B
| $3.42M | 0.34% |
+42,286
| New | +$3.43M |
2025 Q2
0 quarters
|
|
17
Keysight
KEYS
$52.3B
| $3.39M | 0.33% |
20,694
+16,137
| +354% | +$2.46M |
2024 Q1
5 quarters
|
|
18
Campbell Soup
CPB
$6.39B
| $3.28M | 0.32% |
106,899
+106,263
| +16,708% | +$3.74M |
2024 Q4
2 quarters
|
|
19
OGE Energy
OGE
$10.2B
| $3.07M | 0.3% |
69,118
+66,814
| +2,900% | +$2.96M |
2024 Q3
3 quarters
|
|
20
MetLife
MET
$63.6B
| $2.99M | 0.29% |
37,195
+36,304
| +4,075% | +$2.8M |
2023 Q4
6 quarters
|
|
21
MGIC Investment
MTG
$5.83B
| $2.98M | 0.29% |
107,047
-47,826
| -31% | -$1.23M |
2023 Q4
6 quarters
|
|
22
ServisFirst Bancshares
SFBS
$4.4B
| $2.97M | 0.29% |
76,688
+52,690
| +220% | +$1.95M |
2023 Q4
6 quarters
|
|
23
Franklin Electric
FELE
$4.21B
| $2.94M | 0.29% |
32,791
+29,389
| +864% | +$2.58M |
2023 Q4
6 quarters
|
|
24
JB Hunt Transport Services
JBHT
$20.8B
| $2.93M | 0.29% |
20,371
+11,240
| +123% | +$1.55M |
2024 Q1
5 quarters
|
|
25
Kulicke & Soffa
KLIC
$3.88B
| $2.9M | 0.29% |
83,948
+57,734
| +220% | +$1.88M |
2024 Q1
5 quarters
|
|
Similar funds
AlphaQuest's Q2 2025 Portfolio in Review
As of Q2 2025, AlphaQuest held 2,198 positions worth $1.02B, up 11% from $920M the previous quarter. Its ten largest holdings account for 7.1% of the portfolio.
AlphaQuest deployed $68.2M of net new capital in Q2 2025, opening 179 new positions and adding to 954 existing holdings. Its largest new stake was iShares 7-10 Year Treasury Bond ETF: 288,165 shares worth $27.6M.
By sector, the portfolio is most concentrated in Financials at 22% of assets, down from 23% a quarter earlier, followed by Industrials and Technology.
On the sell side, the largest reduction was Sezzle, an estimated $2.88M trimmed.
- AlphaQuest's largest Q2 2025 buy was iShares 7-10 Year Treasury Bond ETF: 288,165 shares worth $27.6M.
- AlphaQuest added most to Commerce Bancshares in Q2 2025, an estimated $4.15M increase.
- AlphaQuest's biggest Q2 2025 reduction was Sezzle, cutting an estimated $2.88M.
- AlphaQuest fully exited Balchem Corp in Q2 2025, selling an estimated $4.08M.
- AlphaQuest's ten largest holdings make up 7.1% of its $1.02B portfolio in Q2 2025.
- AlphaQuest opened 179 new positions and closed 214 in Q2 2025.
- AlphaQuest's portfolio value rose 11% quarter-over-quarter to $1.02B.
Based on AlphaQuest's 13F filing for Q2 2025, filed 31 Jul 2025.