Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Destra Multi-Alternative Fd (DMA)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +1
Streak
1Q ▲
Buyers last Q
55%

Smart Money Signals — DMA

Based on 29 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added DMA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 91% of 3.0Y peak

91% of all-time peak
29 funds currently hold this stock — 91% 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 — +26% more funds vs a year ago

fund count last 6Q
+6 new funds entered over the past year (+26% 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.
🟡

Slight buying edge — 55% buying

12 buying10 selling
Last quarter: 12 funds bought or added vs 10 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~4 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 7 → 8 → 2 → 4. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

45% of holders stayed for 2+ years

■ 45% conviction (2yr+) ■ 34% medium ■ 21% new
13 out of 29 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.
⚠️

Saturation — most institutions already know this story

4 → 7 → 8 → 2 → 4 new funds/Q
New funds entering each quarter: 7 → 8 → 2 → 4. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.
🏛️

Veteran-anchored — 48% veterans vs 34% newcomers

■ 48% veterans ■ 17% 1-2yr ■ 34% new
Entry-cohort mix of 29 holders: 14 (48%) are 2+ year veterans, 5 entered 1–2 years ago, and 10 (34%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 3% AUM from top-100

3% from top-100 AUM funds
6 of 29 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.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

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.

Institutional Sentiment Summary — DMA

In 2026 Q2, 12 hedge funds were net buyers of DMA (4 opened a new position, 8 added to an existing one), while 10 reduced or exited (7 trimmed, 3 sold completely) — a 55% buyer ratio, indicating a slight buying edge. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 29.

Hedge Fund Ownership: DMA

How many hedge funds hold DMA — quarterly history vs. share price
Quarterly hedge fund ownership of DMA vs. share price

Market Analysis: DMA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DMA

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

0 top-rated funds 0 high-conviction
Consensus
0.0
/ 10
breadth
×
Elite
1.0
/ 10
conviction
Hedge Fund Positioning: DMA
29 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 29 28 3.57%
13F Shares 5M 5M 12.18%
Total Value $40M $39M 3.55%
New Positions 4 2 +2
Increased Positions 8 9 -1
Closed Positions 3 6 -3
Reduced Positions 7 9 -2
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: DMA

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

29 + 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:
Top 25 DMA holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Closed-End Fund Advisors, Inc. 1.53% 209,212 $1.6M
2 Matisse Capital 1.36% 455,000 $3.4M
3 Atlas Wealth LLC 1.16% 1,089,162 $8.1M
4 Altium Capital Management LLC 0.86% 54,723 $409K
5 Saba Capital Management, L.P. 0.43% 2,220,648 $16.6M
6 North Ground Capital 0.27% 30,000 $224K
7 Blue Bell Private Wealth Management, LLC 0.24% 261,589 $2.0M
8 Bulldog Investors, LLP 0.21% 126,112 $943K
9 Absolute Investment Advisers, LLC 0.21% 284,406 $2.1M
10 E6 Portfolios, LLC 0.10% 16,534 $124K
11 Almitas Capital LLC 0.08% 45,193 $338K
12 Quarry LP 0.06% 102,777 $769K
13 Noble Wealth Management PBC 0.05% 16,222 $121K
14 Alpine Global Management, LLC 0.02% 18,501 $138K
15 Evolve Private Wealth, LLC 0.02% 46,576 $348K
16 K2 Principal Fund, L.P. 0.02% 34,709 $260K
17 IHT Wealth Management, LLC 0.01% 68,139 $510K
18 NWF Advisory Services Inc. 0.01% 11,700 $88K
19 Chicago Partners Investment Group LLC 0.00% 31,140 $240K
20 Prime Capital Investment Advisors, LLC 0.00% 11,512 $86K
21 Capstone Investment Advisors, LLC 0.00% 45,894 $343K
22 SouthState Bank Corp 0.00% 1,027 $8K
23 Osaic Holdings, INC. 0.00% 27,038 $202K
24 LPL Financial LLC 0.00% 71,200 $533K
25 Royal Bank of Canada 0.00% 85,000 $636K
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?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added DMA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for DMA?

Slight buying edge — 55% buying: Last quarter: 12 funds bought or added vs 10 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for DMA holders?

Smaller funds dominant — 3% AUM from top-100: 6 of 29 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?

45% of holders stayed for 2+ years: 13 out of 29 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.

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.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →