[SCHEDULE 13G/A] Destra Multi-Alternative Fund SEC Filing

Rhea-AI Filing Summary

Absolute Investment Advisers, LLC filed Amendment No. 2 to Schedule 13G reporting its beneficial ownership in Destra Multi-Alternative Fund common stock. The firm disclosed beneficial ownership of 286,632 shares, representing 3.2% of the class as of 09/30/2025.

The filer reported sole voting power and sole dispositive power over 286,632 shares, with no shared voting or dispositive power. The filing notes ownership of 5 percent or less of the class. The reporting person is classified as an investment adviser (IA).

Insights

Regulatory filings analyst

Routine 13G/A update showing 3.2% passive stake.

Absolute Investment Advisers reported beneficial ownership of 286,632 shares of Destra Multi-Alternative Fund, equating to 3.2% as of 09/30/2025. The filing is a Schedule 13G/A, which typically reflects a passive ownership position.

The filer lists sole voting and sole dispositive power over the same share count, with no shared powers. It also indicates ownership of 5 percent or less of the class, consistent with a non‑control position.

As an administrative disclosure without transaction terms, this update is neutral for the investment thesis; actual impact depends on future ownership changes in subsequent filings.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Destra Multi-Alternative Fund

(Name of Issuer)

Common Stock

(Title of Class of Securities)

25065A502

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 25065A502

1

Names of Reporting Persons

Absolute Investment Advisers, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 286,632.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 286,632.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

286,632.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.2 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Destra Multi-Alternative Fund
(b)	Address of issuer's principal executive offices: 443 N. Wilson Avenue, Bozeman, MONTANA 59715
Item 2.
(a)	Name of person filing: Absolute Investment Advisers, LLC
(b)	Address or principal business office or, if none, residence: 82 S. Barrett Square Suite 2G PO Box 611132 Rosemary Beach, FL 32461
(c)	Citizenship: United States
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 25065A502
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 286632
(b)	Percent of class: 3.20 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 286632
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 286632
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to An investment adviser registered under Section 203 of the Investment Advisers Act of 1940 or under the laws of any state is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Absolute Investment Advisers, LLC

Signature:	David Faherty
Name/Title:	Chief Compliance Officer
Date:	10/17/2025

FAQ

What did Absolute Investment Advisers report about DMA in this Schedule 13G/A?

It reported beneficial ownership of 286,632 shares of Destra Multi-Alternative Fund common stock, equal to 3.2% of the class.

What voting and dispositive powers were disclosed for DMA?

The filer has sole voting power over 286,632 shares and sole dispositive power over 286,632 shares; no shared powers were reported.

What is the event date for this ownership report on DMA?

The date of the event requiring the filing is 09/30/2025.

How is Absolute Investment Advisers classified in this filing?

It is classified as an investment adviser (IA).

Does the filing indicate control or a large stake in DMA?

No. It indicates ownership of 5 percent or less of the class, reflecting a non‑control stake.

Which form was filed for DMA and what amendment number is it?

A Schedule 13G/A was filed, Amendment No. 2.