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
↓ -4
Streak
1Q ▼
Buyers last Q
42%

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%
Shares
+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.
🏛️

Veteran-anchored — 46% veterans vs 43% newcomers

■ 46% veterans ■ 11% 1-2yr ■ 43% new
Entry-cohort mix of 28 holders: 13 (46%) are 2+ year veterans, 3 entered 1–2 years ago, and 12 (43%) 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
3 of 27 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.

Institutional Sentiment Summary — DMA

In 2026 Q1, 11 hedge funds were net buyers of DMA (2 opened a new position, 9 added to an existing one), while 15 reduced or exited (9 trimmed, 6 sold completely) — a 42% buyer ratio, indicating roughly balanced activity. Net fund flow last quarter: -4 funds (more exits than new entries). Total institutional holders: 28.

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

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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

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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?

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: 3 of 27 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.

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.

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