Destra Multi-Alternative Fund
DMA
20 hedge funds and large institutions have $25.9M invested in Destra Multi-Alternative Fund in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 1 closing their positions.
400% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 1
75% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 4
68% more capital invested
Capital invested by funds: $15.4M → $25.9M (+$10.5M)
25% more funds holding
Funds holding: 16 → 20 (+4)
14.04% more ownership
Funds ownership: 34.35% → 48.39% (+14%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$5.93M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$1.98M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
+$1.95M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$1.15M |
| 5 |
QL
Quarry LP
New York
|
+$494K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$4.98M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$110K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$32.8K |
| 4 |
Morgan Stanley
New York
|
-$15.3K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$7.27K |
DMA Hedge Fund Activity: Q3 2023 in Review
20 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in Destra Multi-Alternative Fund (DMA) for Q3 2023, worth a combined $25.9M — up 68% from $15.4M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new DMA positions and 1 closed out — a net gain of 4 holders — while 7 added to existing stakes and 4 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $5.93M. The largest seller was LPL Financial, cutting an estimated $4.98M.
- 20 institutional investors held Destra Multi-Alternative Fund (DMA) as of Q3 2023, up from 16 in Q2 2023.
- Funds reported $25.9M of Destra Multi-Alternative Fund stock for Q3 2023, up 68% quarter-over-quarter.
- 5 funds opened new Destra Multi-Alternative Fund positions in Q3 2023 and 1 closed out, a net change of +4 holders.
- The largest Destra Multi-Alternative Fund buyer in Q3 2023 was Saba Capital Management, an estimated $5.93M added.
- The largest Destra Multi-Alternative Fund seller in Q3 2023 was LPL Financial, an estimated $4.98M sold.
Based on aggregated 13F filings for Q3 2023.