Dalton Investments, Inc. — 13F Holdings & Portfolio
CIK 1388838 · latest 13F-HR filed 2026-08-11
Dalton Investments, Inc. manages $111.0M in 13F-reported U.S. long-equity assets across 16 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are NVDA (36.10%), MMYT (20.11%), CTSH (10.51%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 0 new positions and exited 1; 8 existing positions rose in reported value and 7 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-08-11
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
6 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 95.7%Cumulative share of the portfolio held in the largest N positions.
SUITE 1060
EL SEGUNDO, CA 90245
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| ALFANDARI, SARAH, BARBARA Control | CHIEF EXECUTIVE OFFICER AND PRESIDENT, AND DIRECTOR OF THE BOARD OF DIRECTORS, DALTON INVESTMENTS, INC. | Less than 5% | Individual |
| ALFANDARI, SARAH, BARBARA Control | MEMBER | 75% or more | Individual |
| COMBS, FRANK, GIFFORD Control | PORTFOLIO MANAGER, AND DIRECTOR OF THE BOARD OF DIRECTORS, DALTON INVESTMENTS, INC. | Less than 5% | Individual |
| COMBS, FRANK, GIFFORD Control | CHIEF EXECUTIVE OFFICER | 75% or more | Individual |
| DOUGLAS, IAIN, NA Control | CHIEF MARKETING OFFICER, DALTON INVESTMENTS, INC. | Less than 5% | Individual |
| HA, CHRISTOPHER, ALFRED Control | SECRETARY, CHIEF COMPLIANCE OFFICER AND COUNSEL, DALTON INVESTMENTS, INC. | Less than 5% | Individual |
| HUNPADONGRAT, JANET, NA Control | TREASURER, CHIEF OPERATING OFFICER AND CHIEF FINANCIAL OFFICER, DALTON INVESTMENTS, INC. | Less than 5% | Individual |
| MERCER, CRAIG, ALAN Control | CHIEF RESEARCH OFFICER AND CHIEF SUSTAINABILITY OFFICER | Less than 5% | Individual |
| ROSENWALD CAPITAL MANAGEMENT, INC. Control | MAJORITY OWNER OF DALTON INVESTMENTS, INC. | 50–75% | Domestic Entity |
| ROSENWALD FAMILY TRUST Control | OWNER | 75% or more | Domestic Entity |
| ROSENWALD, JAMES, BENNO Control | CHAIRMAN OF THE BOARD OF DIRECTORS, AND CHIEF INVESTMENT OFFICER, DALTON INVESTMENTS, INC. | Less than 5% | Individual |
| ROSENWALD, JAMES, BENNO Control | TRUSTEE | General partner | Individual |
| ROSENWALD, JOCELYN, MAY Control | DIRECTOR OF THE BOARD OF DIRECTORS, DALTON INVESTMENTS, INC. | Less than 5% | Individual |
| ROSENWALD, LAURA, PARKER Control | TRUSTEE | General partner | Individual |
| IRADNAFLA LLC | OWNER OF DALTON INVESTMENTS, INC. | 5–10% | Domestic Entity |
| WALKING ROCK NEVADA, INC. | OWNER OF DALTON INVESTMENTS, INC. | 10–25% | Domestic Entity |
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- MAKEMYTRIP LIMITED MAURITIUS$7.2M +47.6%
- NVIDIA CORPORATION$5.1M +14.7%
- GENPACT LIMITED$1.6M +18.4%
- ARISTA NETWORKS INC$814.8K +38.4%
- TAIWAN SEMICONDUCTOR MANUFAC$433.3K +45.3%
Top Trims
- COGNIZANT TECHNOLOGY SOLUTIO-$4.7M -28.8%
- SEA LTD-$446.2K -9.5%
- CHORD ENERGY CORPORATION-$370.2K -19.6%
- INTUITIVE SURGICAL INC-$259.6K -13.7%
- AMPLIFY ENERGY CORP NEW-$202.1K -36.2%
Dalton Investments, Inc. Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | NVIDIA CORPORATION | NVDA | 67066G104 | $40.0M | 36.10% | 200,150 | SH |
| 2 | MAKEMYTRIP LIMITED MAURITIUS | MMYT | V5633W109 | $22.3M | 20.11% | 418,796 | SH |
| 3 | COGNIZANT TECHNOLOGY SOLUTIO | CTSH | 192446102 | $11.7M | 10.51% | 301,038 | SH |
| 4 | GENPACT LIMITED | G | G3922B107 | $10.4M | 9.40% | 379,322 | SH |
| 5 | TASKUS INC | TASK | 87652V109 | $10.0M | 8.97% | 2,127,195 | SH |
| 6 | SEA LTD | SE | 81141R100 | $4.3M | 3.85% | 44,600 | SH |
| 7 | ARISTA NETWORKS INC | ANET | 040413205 | $2.9M | 2.65% | 17,300 | SH |
| 8 | INTUITIVE SURGICAL INC | ISRG | 46120E602 | $1.6M | 1.47% | 4,100 | SH |
| 9 | CHORD ENERGY CORPORATION | CHRD | 674215207 | $1.5M | 1.37% | 13,280 | SH |
| 10 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $1.4M | 1.25% | 2,910 | SH |
| 11 | FRESHWORKS INC | FRSH | 358054104 | $1.4M | 1.23% | 134,519 | SH |
| 12 | EPSILON ENERGY LTD | EPSN | 294375209 | $1.4M | 1.22% | 250,000 | SH |
| 13 | SHINHAN FINANCIAL GROUP CO L | SHG | 824596100 | $904.5K | 0.82% | 14,300 | SH |
| 14 | KOSMOS ENERGY LTD | KOS | 500688106 | $527.5K | 0.48% | 250,000 | SH |
| 15 | AMPLIFY ENERGY CORP NEW | AMPY | 03212B103 | $355.9K | 0.32% | 89,410 | SH |
| 16 | KENVUE INC | KVUE | 49177J102 | $286.6K | 0.26% | 15,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-11 | $111.0M | 16 | 0001172661-26-003265 |
| 2026-03-31 | 2026-05-12 | $103.3M | 17 | 0001172661-26-001724 |
| 2025-12-31 | 2026-02-12 | $134.8M | 19 | 0001172661-26-000644 |
| 2025-09-30 | 2025-11-06 | $149.2M | 18 | 0001172661-25-004612 |
| 2023-03-31 | 2023-05-15 | $113.9M | 27 | 0001172661-23-002214 |
| 2022-12-31 | 2023-02-14 | $115.6M | 26 | 0001172661-23-001258 |
SUITE 1060
EL SEGUNDO, CA 90245