DESTRA MULTI-ALTERNATIVE FD DMA
COMMON SHARES · Closed-End Fund · CUSIP 25065A502
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $7.48.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 20 |
| Q4 2022 | 17 |
| Q1 2023 | 14 |
| Q2 2023 | 17 |
| Q3 2023 | 21 |
| Q4 2023 | 22 |
| Q1 2024 | 21 |
| Q2 2024 | 23 |
| Q3 2024 | 19 |
| Q4 2024 | 22 |
| Q1 2025 | 24 |
| Q2 2025 | 24 |
| Q3 2025 | 27 |
| Q4 2025 | 31 |
| Q1 2026 | 28 |
| Q2 2026 | 29 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 5 | 13 |
| Q4 2024 | 12 | 5 |
| Q1 2025 | 8 | 11 |
| Q2 2025 | 10 | 11 |
| Q3 2025 | 14 | 10 |
| Q4 2025 | 14 | 9 |
| Q1 2026 | 11 | 14 |
| Q2 2026 | 11 | 10 |
Biggest buyers
| Atlas Wealth LLC | New | +1.1m |
| Matisse Capital | Added | +43.0k |
| E6 Portfolios, LLC | New | +16.5k |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | Added | +14.9k |
| CITADEL ADVISORS LLC | New | +13.5k |
| ABSOLUTE INVESTMENT ADVISERS, LLC | Added | +10.7k |
| Closed-End Fund Advisors, Inc. | Added | +8.4k |
| OSAIC HOLDINGS, INC. | Added | +3.0k |
| LPL Financial LLC | Added | +1.2k |
| Chicago Partners Investment Group LLC | Added | +1.0k |
Biggest sellers
| North Ground Capital | Reduced | -25.1k |
| Weaver Consulting Group | Sold out | -15.6k |
| Noble Wealth Management PBC | Reduced | -14.4k |
| Perigon Wealth Management, LLC | Sold out | -13.8k |
| Alpine Global Management, LLC | Reduced | -8.5k |
| EVOLVE PRIVATE WEALTH, LLC | Reduced | -4.3k |
| IHT Wealth Management, LLC | Reduced | -4.1k |
| Quarry LP | Reduced | -676 |
| MORGAN STANLEY | Reduced | -100 |
| JPMORGAN CHASE & CO | Reduced | -54 |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
Saba Capital Management, L.P.
13D · may seek influence
+1.1 pts · filed 2025-09-10
Stated purposeNot Applicable. Full filing |
24.9% |
| Matisse Capital 13G · exempt (held before listing) new · filed 2026-08-13 | 5.1% |
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 1 | $7.2k | 0 | — | — |
| Q1 2026 | 1 | $4.6k | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Saba Capital Management, L.P. 0.51% of their portfolio | 2.2m $16.6m | Unchanged |
| Atlas Wealth LLC 1.16% of their portfolio | 1.1m $8.1m | New |
| Matisse Capital 1.36% of their portfolio | 455.0k $3.4m | Added +43.0k |
| ABSOLUTE INVESTMENT ADVISERS, LLC 0.21% of their portfolio | 284.4k $2.1m | Added +10.7k |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.24% of their portfolio | 261.6k $2.0m | Added +14.9k |
| Closed-End Fund Advisors, Inc. 1.53% of their portfolio | 209.2k $1.6m | Added +8.4k |
| Bulldog Investors, LLP 0.21% of their portfolio | 126.1k $943.3k | Unchanged |
| Quarry LP 0.12% of their portfolio | 102.8k $768.8k | Reduced -676 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 85.0k $636.0k | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 71.2k $532.6k | Added +1.2k |
| IHT Wealth Management, LLC 0.01% of their portfolio | 68.1k $509.7k | Reduced -4.1k |
| Altium Capital Management LLC 0.86% of their portfolio | 54.7k $409.3k | Unchanged |
| EVOLVE PRIVATE WEALTH, LLC 0.02% of their portfolio | 46.6k $348.4k | Reduced -4.3k |
| CAPSTONE INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 45.9k $343.3k | Unchanged |
| Almitas Capital LLC 0.08% of their portfolio | 45.2k $338.0k | Unchanged |
| K2 PRINCIPAL FUND, L.P. 0.02% of their portfolio | 34.7k $259.6k | Unchanged |
| Chicago Partners Investment Group LLC 0.00% of their portfolio | 31.1k $239.9k | Added +1.0k |
| North Ground Capital 0.27% of their portfolio | 30.0k $224.4k | Reduced -25.1k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 27.0k $202.3k | Added +3.0k |
| Alpine Global Management, LLC 0.02% of their portfolio | 18.5k $138.4k | Reduced -8.5k |
| E6 Portfolios, LLC 0.10% of their portfolio | 16.5k $123.7k | New |
| Noble Wealth Management PBC 0.06% of their portfolio | 16.2k $121.3k | Reduced -14.4k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 13.5k $100.8k | New |
| NWF Advisory Services Inc. 0.01% of their portfolio | 11.7k $87.5k | Unchanged |
| Prime Capital Investment Advisors, LLC 0.00% of their portfolio | 11.5k $86.1k | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 5.1k $38.1k | Reduced -100 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.8k $20.8k | Reduced -54 |
| SouthState Bank Corp 0.00% of their portfolio | 1.0k $7.7k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1 $10 | Added +1 |