DALTON INVESTMENTS LLC
Q2 2025 Form 13-F
SANTA MONICA, CALIFORNIA
CIK 0001388838
· CRD 308609
· SEC-registered investment adviser
$188.8M Reported Value Total
DALTON INVESTMENTS, INC. reports 39 total accounts under management (AUM). There are 39 discretionary accounts valued at $4,112,185,669, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
10 funds
· $761.6M gross asset value
Hedge Fund: $485.5M · Other: $276.2M
Source: Form ADV filed 2026-03-30
Reported value
$188.8M
Quarter over quarter
+8.9%
Holdings
20
Top-10 concentration
94.2%
Filing Structure
Holdings reported by
- THE BANK OF NEW YORK MELLON CORPORATION · Q1 2018 – Q3 2018 · declared by one filing
Key People
Form ADV owners & control persons
Sarah Barbara Alfandari
MEMBER
Frank Gifford Combs
CHIEF EXECUTIVE OFFICER
Steven David Persky
OWNER
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
13F Metrics
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Q2 2025 13F record
Q2 2025 13F filing summary
| Period of report | June 30, 2025 |
|---|---|
| Filed | August 07, 2025 |
| Form | 13F-HR |
| Reported value | $188.8M |
| Positions | 20 |
| Change in reported value | +1.3% |
| New positions | 0 |
| Exited positions | 2 |
| Position turnover | 9.1% |
| Top-10 concentration | 94.2% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Nov 4, 2026
|
14 | $149.1M |
|
Q2 2026 13F
Filed Aug 11, 2026
|
16 | $111.0M |
|
Q1 2026 13F
Filed May 12, 2026
|
17 | $103.3M |
|
Q4 2025 13F
Filed Feb 12, 2026
|
19 | $134.8M |
|
Q3 2025 13F
Filed Nov 6, 2025
|
18 | $149.2M |
|
Q2 2025 13F
Filed Aug 7, 2025
|
20 | $188.8M |
|
Q1 2025 13F
Filed May 12, 2025
|
22 | $186.4M |
|
Q4 2024 13F
Filed Feb 13, 2025
|
27 | $192.7M |
|
Q3 2024 13F
Filed Nov 12, 2024
|
26 | $169.6M |
|
Q2 2024 13F
Filed Aug 13, 2024
|
27 | $175.8M |
|
Q1 2024 13F
Filed May 15, 2024
|
27 | $165.0M |
|
Q4 2023 13F
Filed Feb 14, 2024
|
26 | $151.1M |
|
Q3 2023 13F
Filed Nov 13, 2023
|
27 | $129.1M |
|
Q2 2023 13F
Filed Aug 10, 2023
|
26 | $118.0M |
|
Q1 2023 13F
Filed May 15, 2023
|
27 | $113.9M |
|
Q4 2022 13F
Filed Feb 14, 2023
|
26 | $115.6M |
|
Q3 2022 13F
Filed Nov 14, 2022
|
27 | $121.7M |
|
Q2 2022 13F
Filed Aug 5, 2022
|
28 | $109.9M |
|
Q1 2022 13F
Filed May 16, 2022
|
21 | $142.2M |
|
Q4 2021 13F
Filed Feb 14, 2022
|
21 | $153.1M |
34 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q2 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | IBN ICICI BANK LIMITED | $39.6M | 20.97% |
| 2 | NVDA NVIDIA CORPORATION | $34.3M | 18.16% |
| 3 | WNS WNS HLDGS LTD | $33.0M | 17.48% |
| 4 | MMYT MAKEMYTRIP LIMITED MAURITIUS | $24.4M | 12.92% |
| 5 | CTSH COGNIZANT TECHNOLOGY SOLUTIO | $17.0M | 8.99% |
| 6 | G GENPACT LIMITED | $13.1M | 6.93% |
| 7 | HDB HDFC BANK LTD | $6.3M | 3.32% |
| 8 | ANET ARISTA NETWORKS INC | $4.2M | 2.23% |
| 9 | RDY DR REDDYS LABS LTD | $3.1M | 1.64% |
| 10 | LNG CHENIERE ENERGY INC | $2.9M | 1.51% |
| 11 | ISRG INTUITIVE SURGICAL INC | $2.2M | 1.18% |
| 12 | EPSN EPSILON ENERGY LTD | $1.8M | 0.98% |
| 13 | FRSH FRESHWORKS INC | $1.8M | 0.95% |
| 14 | AMX AMERICA MOVIL SAB DE CV | $1.7M | 0.91% |
| 15 | CHRD CHORD ENERGY CORPORATION | $1.3M | 0.68% |
| 16 | TX TERNIUM SA | $709.9K | 0.38% |
| 17 | DRRX DURECT CORP | $473.2K | 0.25% |
| 18 | CHKEL EXPAND ENERGY CORPORATION | $376.5K | 0.2% |
| 19 | KVUE KENVUE INC | $314.0K | 0.17% |
| 20 | AMPY AMPLIFY ENERGY CORP NEW | $286.1K | 0.15% |
Values as reported on the Q2 2025 Form 13F. Every position is in the holdings table below.