<SEC-DOCUMENT>0001145549-21-060979.txt : 20211026
<SEC-HEADER>0001145549-21-060979.hdr.sgml : 20211026
<ACCEPTANCE-DATETIME>20211026110551
ACCESSION NUMBER:		0001145549-21-060979
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20210831
FILED AS OF DATE:		20211026
PERIOD START:           	20220228

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Destra Multi-Alternative Fund
		CENTRAL INDEX KEY:			0001523289
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		NPORT-P
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-22572
		FILM NUMBER:		211346887

	BUSINESS ADDRESS:	
		STREET 1:		443 N. WILLSON AVE.
		CITY:			BOZEMAN
		STATE:			MT
		ZIP:			59715
		BUSINESS PHONE:		877-855-3434

	MAIL ADDRESS:	
		STREET 1:		443 N. WILLSON AVE.
		CITY:			BOZEMAN
		STATE:			MT
		ZIP:			59715

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Multi-Strategy Growth & Income Fund
		DATE OF NAME CHANGE:	20110614
</SEC-HEADER>
<DOCUMENT>
<TYPE>NPORT-P
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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      <repPdEnd>2022-02-28</repPdEnd>
      <repPdDate>2021-08-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <totLiabs>16894566.630000000000</totLiabs>
      <netAssets>111777530.630000000000</netAssets>
      <assetsAttrMiscSec>0.000000000000</assetsAttrMiscSec>
      <assetsInvested>0.000000000000</assetsInvested>
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        <name>Invitation Homes, Inc.</name>
        <lei>N/A</lei>
        <title>Invitation Homes, Inc.</title>
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        <pctVal>0.0402585383</pctVal>
        <payoffProfile>N/A</payoffProfile>
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        <isRestrictedSec>N</isRestrictedSec>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>CHICAGO</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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                <issuerName>INVITATION HOMES INC COM</issuerName>
                <issueTitle>INVITATION HOMES INC COM</issueTitle>
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            <shareNo>100</shareNo>
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            <unrealizedAppr>1012.66</unrealizedAppr>
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        <name>Invitation Homes, Inc.</name>
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        <name>KraneShares CSI China Internet ETF</name>
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        <isRestrictedSec>N</isRestrictedSec>
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                  <ticker value="NXPI"/>
                </identifiers>
              </otherRefInst>
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            <delta>XXXX</delta>
            <unrealizedAppr>49604.38</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Lions Gate Entertainment Corp.</name>
        <lei>5493000JSMHPHZURLM72</lei>
        <title>Lions Gate Entertainment Corp.</title>
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          <ticker value="3SQ999J4"/>
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              <counterpartyName>CHICAGO</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>LIONS GATE ENTMNT CO COM NEW</issuerName>
                <issueTitle>LIONS GATE ENTMNT CO COM NEW</issueTitle>
                <identifiers>
                  <ticker value="LGF/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>25.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2021-12-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-57428.90</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lions Gate Entertainment Corp.</name>
        <lei>5493000JSMHPHZURLM72</lei>
        <title>Lions Gate Entertainment Corp.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="3SQ999J5"/>
        </identifiers>
        <balance>-500</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Other- Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CHICAGO</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>LIONS GATE ENTMNT CO COM NEW</issuerName>
                <issueTitle>LIONS GATE ENTMNT CO COM NEW</issueTitle>
                <identifiers>
                  <ticker value="LGF/A"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>30.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2021-12-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>23207.48</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Adobe, Inc.</name>
        <lei>FU4LY2G4933NH2E1CP29</lei>
        <title>Adobe, Inc.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="5ID99FSI"/>
        </identifiers>
        <balance>41</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>80565</valUSD>
        <pctVal>0.0720762031</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Other- Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>NYSEAmerican</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>ADOBE INC</issuerName>
                <issueTitle>ADOBE INC</issueTitle>
                <identifiers>
                  <ticker value="ADBE"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>650.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2021-09-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>43312.83</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Baidu, Inc.</name>
        <lei>254900AL64IANZYI1E02</lei>
        <title>Baidu, Inc.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="7IX99DGR"/>
        </identifiers>
        <balance>75</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>675</valUSD>
        <pctVal>0.0006038781</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Other- Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>NYSEAmerican</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>BAIDU INC</issuerName>
                <issueTitle>BAIDU INC</issueTitle>
                <identifiers>
                  <ticker value="BIDU"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>200.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2021-09-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-48245.58</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Baidu, Inc.</name>
        <lei>254900AL64IANZYI1E02</lei>
        <title>Baidu, Inc.</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="8I799H07"/>
        </identifiers>
        <balance>75</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>4950</valUSD>
        <pctVal>0.0044284392</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Other- Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>NYSEAmerican</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>BAIDU INC</issuerName>
                <issueTitle>BAIDU INC</issueTitle>
                <identifiers>
                  <ticker value="BIDU"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>220.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2021-11-19</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-42205.58</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KraneShares CSI China Internet ETF</name>
        <lei>549300URDNVSGEWBN526</lei>
        <title>KraneShares CSI China Internet ETF</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="99099NBV"/>
        </identifiers>
        <balance>230</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>19090</valUSD>
        <pctVal>0.0170785666</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Other- Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>NSDQOMX PHLX</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>KRANESHARES TR CSI CHI INTERNET</issuerName>
                <issueTitle>KRANESHARES TR CSI CHI INTERNET</issueTitle>
                <identifiers>
                  <ticker value="KWEB"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>70.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2022-01-21</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-47734.45</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KraneShares CSI China Internet ETF</name>
        <lei>549300URDNVSGEWBN526</lei>
        <title>KraneShares CSI China Internet ETF</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="99099NX1"/>
        </identifiers>
        <balance>50</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>3150</valUSD>
        <pctVal>0.0028180977</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Other- Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>NSDQOMX PHLX</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>KRANESHARES TR CSI CHI INTERNET</issuerName>
                <issueTitle>KRANESHARES TR CSI CHI INTERNET</issueTitle>
                <identifiers>
                  <ticker value="KWEB"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>65.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2021-11-19</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-14606.89</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HEALTHCARE TRUST, INC.   /</name>
        <lei>N/A</lei>
        <title>HEALTHCARE TRUST, INC.   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="A039324"/>
        </identifiers>
        <balance>298082.6520</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>4394300.04</valUSD>
        <pctVal>3.9312910343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Campus Communities In</name>
        <lei>529900MR3ZXRO3W6UX26</lei>
        <title>American Campus Communities, Inc., REIT</title>
        <cusip>024835100</cusip>
        <identifiers>
          <isin value="US0248351001"/>
          <ticker value="ACC"/>
        </identifiers>
        <balance>40000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2034000</valUSD>
        <pctVal>1.8196859320</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity-Reit"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AIM INFRASTRUCTURE  MLP FUND II   /</name>
        <lei>N/A</lei>
        <title>AIM INFRASTRUCTURE  MLP FUND II   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="AIMMLPII"/>
        </identifiers>
        <balance>1</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>972608.70</valUSD>
        <pctVal>0.8701289915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALWAYS AI, Inc.    /</name>
        <lei>N/A</lei>
        <title>ALWAYS AI, Inc.    /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ALWAYSAI"/>
        </identifiers>
        <balance>254113</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>399999.27</valUSD>
        <pctVal>0.3578530209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARBORETUM CORE ASSET FUND, LP   /</name>
        <lei>N/A</lei>
        <title>ARBORETUM CORE ASSET FUND, LP   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="ARBORETU"/>
        </identifiers>
        <balance>250</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>2409750</valUSD>
        <pctVal>2.1558447269</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aventine Property Group, Inc.   /</name>
        <lei>N/A</lei>
        <title>Aventine Property Group, Inc.   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="AVENTINE"/>
        </identifiers>
        <balance>715000</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>4804800</valUSD>
        <pctVal>4.2985383314</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bristol-Myers Squibb Co</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co.</title>
        <cusip>110122157</cusip>
        <identifiers>
          <isin value="US1101221570"/>
          <ticker value="BMY-R"/>
        </identifiers>
        <balance>142000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
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                <issuerName>Bristol-Myers Squibb Co</issuerName>
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                <identifiers>
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              </otherRefInst>
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            <shareNo>0</shareNo>
            <exercisePrice>0.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2021-03-31</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-159212.29</unrealizedAppr>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CANYON CLO FUND II LP   /</name>
        <lei>N/A</lei>
        <title>CANYON CLO FUND II LP   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="CANYONCL"/>
        </identifiers>
        <balance>1</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>9358059.30</valUSD>
        <pctVal>8.3720397537</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CLARION LION  INDUSTRIAL TRUST   /</name>
        <lei>N/A</lei>
        <title>CLARION LION  INDUSTRIAL TRUST   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="CLARLIT"/>
        </identifiers>
        <balance>4112.5530</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>10860758.97</valUSD>
        <pctVal>9.7164062480</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CLARION LION PROPERTIES FUND   /</name>
        <lei>N/A</lei>
        <title>CLARION LION PROPERTIES FUND   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="CLARLPF"/>
        </identifiers>
        <balance>933.6970</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>1510488.32</valUSD>
        <pctVal>1.3513344869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COLLINS MASTERS  ACCESS FUND,, Ltd.   /</name>
        <lei>N/A</lei>
        <title>COLLINS MASTERS  ACCESS FUND,, Ltd.   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="COLLMAF"/>
        </identifiers>
        <balance>1</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>447909.93</valUSD>
        <pctVal>0.4007155351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EAT JUST, INC.    /</name>
        <lei>N/A</lei>
        <title>EAT JUST, INC.    /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="EATJUST"/>
        </identifiers>
        <balance>23723</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>557964.96</valUSD>
        <pctVal>0.4991745272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Figs Inc</name>
        <lei>N/A</lei>
        <title>Figs, Inc., Class A</title>
        <cusip>30260D103</cusip>
        <identifiers>
          <isin value="US30260D1037"/>
          <ticker value="FIGS"/>
        </identifiers>
        <balance>10000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>410100</valUSD>
        <pctVal>0.3668894792</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fidelity Government Portfolio</name>
        <lei>N/A</lei>
        <title>Fidelity Government Portfolio, Class Institutional</title>
        <cusip>316175108</cusip>
        <identifiers>
          <isin value="US3161751082"/>
          <ticker value="FIGXX"/>
        </identifiers>
        <balance>9822692.75</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9822692.75</valUSD>
        <pctVal>8.7877167215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOSITE,, Inc.    /</name>
        <lei>N/A</lei>
        <title>GOSITE,, Inc.    /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="GOSITELC"/>
        </identifiers>
        <balance>542467</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>4723151.68</valUSD>
        <pctVal>4.2254929532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRIDIA,, Inc.    /</name>
        <lei>N/A</lei>
        <title>IRIDIA,, Inc.    /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="IRIDIA"/>
        </identifiers>
        <balance>497216</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>750000</valUSD>
        <pctVal>0.6709756386</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares US Transportation ETF</name>
        <lei>54930060GGS23N7A3X92</lei>
        <title>iShares U.S. Transportation ETF</title>
        <cusip>464287192</cusip>
        <identifiers>
          <isin value="US4642871929"/>
          <ticker value="IYT"/>
        </identifiers>
        <balance>-1700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-430185</valUSD>
        <pctVal>-0.3848582068</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity Funds"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KraneShares Global Carbon ETF</name>
        <lei>549300N19OWO53YWFA13</lei>
        <title>KraneShares Global Carbon ETF</title>
        <cusip>500767678</cusip>
        <identifiers>
          <isin value="US5007676787"/>
          <ticker value="KRBN"/>
        </identifiers>
        <balance>19000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>756960</valUSD>
        <pctVal>0.6772022926</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity Funds"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LONG GAME SAVINGS IN CONV 7.0% 9/30/2022   /</name>
        <lei>N/A</lei>
        <title>LONG GAME SAVINGS IN CONV 7.0% 9/30/2022   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="LONGGAME"/>
        </identifiers>
        <balance>1250000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1250000</valUSD>
        <pctVal>1.1182927311</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerConditional desc="Private Placement" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <debtSec>
          <maturityDt>2022-09-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LONGLEY PARTNERS  VENTURES L.P.   /</name>
        <lei>N/A</lei>
        <title>LONGLEY PARTNERS  VENTURES L.P.   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="LONGLEYP"/>
        </identifiers>
        <balance>1</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>10188158.10</valUSD>
        <pctVal>9.1146745169</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NorthStar Healthcare Income In</name>
        <lei>N/A</lei>
        <title>NorthStar Healthcare Income, Inc.</title>
        <cusip>66705T105</cusip>
        <identifiers>
          <isin value="US66705T1051"/>
          <ticker value="NHHS"/>
        </identifiers>
        <balance>1061081.0810</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>4646569.19</valUSD>
        <pctVal>4.1569796397</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Newlake Capital Partners Inc/M</name>
        <lei>549300SW6G33FGNP2338</lei>
        <title>Newlake Capital Partners, Inc.</title>
        <cusip>651495103</cusip>
        <identifiers>
          <isin value="US6514951036"/>
          <ticker value="NLCP"/>
        </identifiers>
        <balance>275000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8250000</valUSD>
        <pctVal>7.3807320250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Owl Rock Capital Corp</name>
        <lei>2549000BD79OOCPF2L94</lei>
        <title>Owl Rock Capital Corp.</title>
        <cusip>69121K104</cusip>
        <identifiers>
          <isin value="US69121K1043"/>
          <ticker value="ORCC"/>
        </identifiers>
        <balance>470155</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6864263</valUSD>
        <pctVal>6.1410043336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OVATION ALTERNATIVE  INCOME FUND, LP   /</name>
        <lei>N/A</lei>
        <title>OVATION ALTERNATIVE  INCOME FUND, LP   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="OVAALTIN"/>
        </identifiers>
        <balance>1</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>2309702.91</valUSD>
        <pctVal>2.0663391801</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PRESERVATION REIT 1, Inc.   /</name>
        <lei>N/A</lei>
        <title>PRESERVATION REIT 1, Inc.   /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="PRESREIT"/>
        </identifiers>
        <balance>159.46</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>7000134.54</valUSD>
        <pctVal>6.2625596581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Direxion Daily S&amp;P 500 Bull 3X</name>
        <lei>WJRYIWB43R3GOXOHLG28</lei>
        <title>Direxion Daily S&amp;P 500 Bull 3X</title>
        <cusip>25459W862</cusip>
        <identifiers>
          <isin value="US25459W8626"/>
          <ticker value="SPXL"/>
        </identifiers>
        <balance>-9900</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1228392</valUSD>
        <pctVal>-1.0989614756</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity Funds"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STEADFAST APT REIT    /</name>
        <lei>N/A</lei>
        <title>STEADFAST APT REIT    /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="STEADFAS"/>
        </identifiers>
        <balance>158330.06</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>2934552.66</valUSD>
        <pctVal>2.6253511269</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STEPSTONE CAPITAL    /</name>
        <lei>N/A</lei>
        <title>STEPSTONE CAPITAL    /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="STPSTNCA"/>
        </identifiers>
        <balance>1</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>12331948</valUSD>
        <pctVal>11.0325822466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ProShares UltraPro QQQ</name>
        <lei>03026FQTQRJ0JSTBI779</lei>
        <title>ProShares UltraPro QQQ</title>
        <cusip>74347X831</cusip>
        <identifiers>
          <isin value="US74347X8314"/>
          <ticker value="TQQQ"/>
        </identifiers>
        <balance>-4900</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-732501</valUSD>
        <pctVal>-0.6553204350</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Equity Funds"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TREEHOUSE REIT, INC.    /</name>
        <lei>N/A</lei>
        <title>TREEHOUSE REIT, INC.    /</title>
        <cusip>999999999</cusip>
        <identifiers>
          <ticker value="TREEHOUS"/>
        </identifiers>
        <balance>715000</balance>
        <units>OU</units>
        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
        <valUSD>10582000</valUSD>
        <pctVal>9.4670189441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="Private Placement"/>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="The fund is reporting returns without deducting sales loads and redemption fees, if applicable." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2021-09-28</ncom:dateSigned>
      <ncom:nameOfApplicant>Destra Multi-Alternative Fund</ncom:nameOfApplicant>
      <ncom:signature>/s/ Derek Mullins</ncom:signature>
      <ncom:signerName>Derek Mullins</ncom:signerName>
      <ncom:title>Chief Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
