Destra Multi-Alternative Fd (DMA): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Destra Multi-Alternative Fd (DMA) following the 2026 Q1 hedge fund 13F filings?

As of today, DMA has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), DMA gained nan% vs +8.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Destra Multi-Alternative Fd (DMA)

28 + Investors. Track Smart Money conviction in DMA. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — DMA

Based on 28 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds reduced or closed their DMA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

📊

High ownership — 88% of 3.0Y peak

88% of all-time peak

28 funds currently hold this stock — 88% of the 3.0-year high of 32 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.

🚀

Fast accumulation — +33% more funds vs a year ago

fund count last 6Q

+7 new funds entered over the past year (+33% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🟠

More sellers than buyers — 42% buying

11 buying15 selling

Last quarter: 15 funds reduced or exited vs 11 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

⚠️

Fewer new buyers each quarter (-6 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 4 → 7 → 8 → 2. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.

🔒

46% of holders stayed for 2+ years

■ 46% conviction (2yr+) ■ 14% medium ■ 39% new

13 out of 28 hedge funds have held DMA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

💎

Buying through price weakness — shares +10%, value -98%

Value

-98%

+9%

Last quarter: funds added +10% more shares while total portfolio value only changed -98%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

➡️

Steady discovery — ~2 new funds/quarter

2 → 4 → 7 → 8 → 2 new funds/Q

New funds entering each quarter: 4 → 7 → 8 → 2. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Deep conviction — 46% of holders stayed 2+ years

■ 46% veterans ■ 11% 1-2yr ■ 43% new

Of 28 current holders: 13 (46%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.

📋

Smaller funds dominant — 3% AUM from top-100

3% from top-100 AUM funds

4 of 28 holders rank in the top 100 by AUM, but together hold only 3% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

4.4

out of 10

Moderate Exit Risk

Exit risk score 4.4/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	28	32	-12.5%
13F Shares	5M	4M	9.63%
Total Value	$39M	$2.39B	-98.37%
New Positions	2	8	-6
Increased Positions	9	10	-1
Closed Positions	6	2	+4
Reduced Positions	9	6	+3
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

-12.5%

13F Shares

9.63%

Total Value

$39M

$2.39B

-98.37%

New Positions

-6

Increased Positions

-1

Closed Positions

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

28 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in DMA. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 DMA holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Closed-End Fund Advisors, Inc.	1.66%	200,829	$1.6M
2	Matisse Capital	1.43%	412,000	$3.3M
3	Altium Capital Management LLC	1.06%	54,723	$444K
4	North Ground Capital	0.54%	55,059	$447K
5	Saba Capital Management, L.P.	0.50%	2,220,648	$18.0M
6	Blue Bell Private Wealth Management, LLC	0.29%	246,653	$2.0M
7	Absolute Investment Advisers, LLC	0.26%	273,696	$2.2M
8	Bulldog Investors, LLP	0.23%	126,112	$1.0M
9	Quarry LP	0.15%	103,453	$839K
10	Noble Wealth Management PBC	0.12%	30,644	$249K
11	Marex Group plc	0.12%	532,987	$4.3M
12	Almitas Capital LLC	0.08%	45,193	$367K
13	Alpine Global Management, LLC	0.03%	26,961	$219K
14	Weaver Consulting Group	0.03%	15,620	$127K
15	Evolve Private Wealth, LLC	0.02%	50,832	$412K
16	K2 Principal Fund, L.P.	0.02%	34,709	$281K
17	IHT Wealth Management, LLC	0.01%	72,262	$586K
18	NWF Advisory Services Inc.	0.01%	11,700	$95K
19	Chicago Partners Investment Group LLC	0.01%	30,135	$239K
20	Perigon Wealth Management, LLC	0.00%	13,794	$112K
21	Prime Capital Investment Advisors, LLC	0.00%	11,512	$93K
22	Capstone Investment Advisors, LLC	0.00%	45,894	$372K
23	SouthState Bank Corp	0.00%	1,027	$8K
24	Osaic Holdings, INC.	0.00%	24,083	$195K
25	LPL Financial LLC	0.00%	70,030	$568K

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Destra Multi-Alternative Fd (DMA)

What does the Smart Money Trend signal show for DMA?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their DMA positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for DMA?

More sellers than buyers — 42% buying: Last quarter: 15 funds reduced or exited vs 11 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for DMA holders?

Smaller funds dominant — 3% AUM from top-100: 4 of 28 holders rank in the top 100 by AUM, but together hold only 3% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held DMA?

46% of holders stayed for 2+ years: 13 out of 28 hedge funds have held DMA for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Destra Multi-Alternative Fd (DMA) following the 2026 Q1 hedge fund 13F filings?

As of today, DMA has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), DMA has gained nan% vs +8.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Destra Multi-Alternative Fd (DMA)

Smart Money Signals — DMA

Selling streak — 1 quarter in a row

High ownership — 88% of 3.0Y peak

Fast accumulation — +33% more funds vs a year ago

More sellers than buyers — 42% buying

Fewer new buyers each quarter (-6 vs last Q)

46% of holders stayed for 2+ years

Buying through price weakness — shares +10%, value -98%

Steady discovery — ~2 new funds/quarter

Deep conviction — 46% of holders stayed 2+ years

Smaller funds dominant — 3% AUM from top-100

Institutional Sentiment Summary — DMA

Hedge Fund Ownership: DMA

Market Analysis: DMA

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: DMA

Is It Too Late to Buy Destra Multi-Alternative Fd (DMA) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: DMA

Statistics: DMA

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Destra Multi-Alternative Fd (DMA)

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