Destra Multi-Alternative Fund
23 hedge funds and large institutions have $38.9M invested in Destra Multi-Alternative Fund in 2025 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 10 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
0% more funds holding
Funds holding: 23 → 23 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4.33% less ownership
Funds ownership: 53.95% → 49.62% (-4.3%)
5% less capital invested
Capital invested by funds: $41M → $38.9M (-$2.08M)
40% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$1.86M |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
+$98.9K |
| 3 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$64.5K |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$48.3K |
| 5 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$42.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.9M |
| 2 |
MG
Marex Group
London,
|
-$1.4M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
-$736K |
| 4 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
-$592K |
| 5 |
QL
Quarry LP
New York
|
-$108K |
DMA Hedge Fund Activity: Q2 2025 in Review
23 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Destra Multi-Alternative Fund (DMA) for Q2 2025, worth a combined $38.9M — down 5.1% from $41M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new DMA positions and 2 closed out — a net gain of 1 holder — while 6 added to existing stakes and 10 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $1.86M. The largest seller was Thomas J. Herzfeld Advisors, cutting an estimated $1.9M.
- 23 institutional investors held Destra Multi-Alternative Fund (DMA) as of Q2 2025, unchanged from Q1 2025.
- Funds reported $38.9M of Destra Multi-Alternative Fund stock for Q2 2025, down 5.1% quarter-over-quarter.
- 3 funds opened new Destra Multi-Alternative Fund positions in Q2 2025 and 2 closed out, a net change of +1 holder.
- The largest Destra Multi-Alternative Fund buyer in Q2 2025 was Saba Capital Management, an estimated $1.86M added.
- The largest Destra Multi-Alternative Fund seller in Q2 2025 was Thomas J. Herzfeld Advisors, an estimated $1.9M sold.
Based on aggregated 13F filings for Q2 2025.