Destra Multi-Alternative Fund
20 hedge funds and large institutions have $37.1M invested in Destra Multi-Alternative Fund in 2024 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 3 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
30% more capital invested
Capital invested by funds: $28.5M → $37.1M (+$8.58M)
1.95% more ownership
Funds ownership: 51.07% → 53.02% (+2%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less funds holding
Funds holding: 21 → 20 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$4.06M |
| 2 |
MG
Marex Group
London,
|
+$2.3M |
| 3 |
SCM
Saba Capital Management
New York
|
+$630K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$277K |
| 5 |
QL
Quarry LP
New York
|
+$85K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$3.4M |
| 2 |
LPL Financial
San Diego,
California
|
-$988K |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
-$768K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$323K |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
-$82.7K |
DMA Hedge Fund Activity: Q1 2024 in Review
20 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Destra Multi-Alternative Fund (DMA) for Q1 2024, worth a combined $37.1M — up 30% from $28.5M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of DMA and 2 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 8 added.
The largest buyer was Absolute Investment Advisers, opening a new position worth an estimated $4.06M. The largest seller was Clough Capital Partners, exiting entirely with an estimated $3.4M sold.
- 20 institutional investors held Destra Multi-Alternative Fund (DMA) as of Q1 2024, down from 21 in Q4 2023.
- Funds reported $37.1M of Destra Multi-Alternative Fund stock for Q1 2024, up 30% quarter-over-quarter.
- 2 funds opened new Destra Multi-Alternative Fund positions in Q1 2024 and 3 closed out, a net change of -1 holder.
- The largest Destra Multi-Alternative Fund buyer in Q1 2024 was Absolute Investment Advisers, an estimated $4.06M added.
- The largest Destra Multi-Alternative Fund seller in Q1 2024 was Clough Capital Partners, an estimated $3.4M sold.
Based on aggregated 13F filings for Q1 2024.