Destra Multi-Alternative Fund
27 hedge funds and large institutions have $36.7M invested in Destra Multi-Alternative Fund in 2025 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 7 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
17% more funds holding
Funds holding: 23 → 27 (+4)
0% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 7
2.25% less ownership
Funds ownership: 49.62% → 47.37% (-2.3%)
6% less capital invested
Capital invested by funds: $38.9M → $36.7M (-$2.22M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$2.41M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$880K |
| 3 |
CC
CF Capital
Cohasset,
Massachusetts
|
+$512K |
| 4 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
+$507K |
| 5 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$504K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$3.28M |
| 2 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
-$2.88M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$942K |
| 4 |
QL
Quarry LP
New York
|
-$759K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$238K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SC
26
SouthState Corp
Winter Haven,
Florida
| $8.87K | – | – | – |
|
|
NA
27
NewEdge Advisors
New Orleans,
Louisiana
| $4.32K | +$4.34K | +500 | New |
|
|
28
UBS Group
Zurich,
Switzerland
| – | -$238K | -27,172 | Closed |
|
29
Raymond James Financial
St Petersburg,
Florida
| – | -$49.9K | -5,708 | Closed |
|
30
Bank of America
Charlotte,
North Carolina
| – | -$12.5K | -1,429 | Closed |
|
DMA Hedge Fund Activity: Q3 2025 in Review
27 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Destra Multi-Alternative Fund (DMA) for Q3 2025, worth a combined $36.7M — down 5.7% from $38.9M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new DMA positions and 3 closed out — a net gain of 4 holders — while 7 added to existing stakes and 7 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $2.41M. The largest seller was Thomas J. Herzfeld Advisors, cutting an estimated $3.28M.
- 27 institutional investors held Destra Multi-Alternative Fund (DMA) as of Q3 2025, up from 23 in Q2 2025.
- Funds reported $36.7M of Destra Multi-Alternative Fund stock for Q3 2025, down 5.7% quarter-over-quarter.
- 7 funds opened new Destra Multi-Alternative Fund positions in Q3 2025 and 3 closed out, a net change of +4 holders.
- The largest Destra Multi-Alternative Fund buyer in Q3 2025 was Saba Capital Management, an estimated $2.41M added.
- The largest Destra Multi-Alternative Fund seller in Q3 2025 was Thomas J. Herzfeld Advisors, an estimated $3.28M sold.
Based on aggregated 13F filings for Q3 2025.