Destra Multi-Alternative Fund
DMA
31 hedge funds and large institutions have $39.4M invested in Destra Multi-Alternative Fund in 2025 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 10 increasing their positions, 6 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
67% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 6
15% more funds holding
Funds holding: 27 → 31 (+4)
7% more capital invested
Capital invested by funds: $36.7M → $39.4M (+$2.7M)
1.6% more ownership
Funds ownership: 47.37% → 48.97% (+1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NWMP
Noble Wealth Management PBC
Greenwood Village,
Colorado
|
+$413K |
| 2 |
ACM
Altium Capital Management
New York
|
+$216K |
| 3 |
MG
Marex Group
London,
|
+$170K |
| 4 |
CC
CF Capital
Cohasset,
Massachusetts
|
+$161K |
| 5 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
+$118K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.34M |
| 2 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
-$229K |
| 3 |
WCG
Weaver Consulting Group
Huntington Beach,
California
|
-$132K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$132K |
| 5 |
SCM
Saba Capital Management
New York
|
-$127K |
DMA Hedge Fund Activity: Q4 2025 in Review
31 of the 8,227 institutional investors tracked by Wall St. Rank reported a position in Destra Multi-Alternative Fund (DMA) for Q4 2025, worth a combined $39.4M — up 7.4% from $36.7M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new DMA positions and 2 closed out — a net gain of 4 holders — while 10 added to existing stakes and 6 trimmed.
The largest buyer was Noble Wealth Management PBC, adding an estimated $413K. The largest seller was Bulldog Investors, cutting an estimated $1.34M.
- 31 institutional investors held Destra Multi-Alternative Fund (DMA) as of Q4 2025, up from 27 in Q3 2025.
- Funds reported $39.4M of Destra Multi-Alternative Fund stock for Q4 2025, up 7.4% quarter-over-quarter.
- 6 funds opened new Destra Multi-Alternative Fund positions in Q4 2025 and 2 closed out, a net change of +4 holders.
- The largest Destra Multi-Alternative Fund buyer in Q4 2025 was Noble Wealth Management PBC, an estimated $413K added.
- The largest Destra Multi-Alternative Fund seller in Q4 2025 was Bulldog Investors, an estimated $1.34M sold.
Based on aggregated 13F filings for Q4 2025.