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Dalton Investments Portfolio holdings
AUM
$103M
1-Year Est. Return
3.77%
This Fund
S&P 500
This Quarter
Est. Return
+8.35%
1 Year Est. Return
-3.77%
3 Year Est. Return
+94.71%
5 Year Est. Return
+120.24%
10 Year Est. Return
+496.89%
AUM
$149M
AUM Growth
-$39.6M
(-21%)
Cap. Flow
-$49.2M
Cap. Flow
% of AUM
-32.96%
Top 10 Holdings %
Top 10 Hldgs %
94.97%
Holding
23
New
3
Increased
1
Reduced
4
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sea Limited
SE
|
+$4.76M |
| 2 |
Grab
GRAB
|
+$3.76M |
| 3 |
Freshworks
FRSH
|
+$1.56M |
| 4 |
Globant
GLOB
|
+$1.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ICICI Bank
IBN
|
+$39.6M |
| 2 |
WNS
WNS Holdings
WNS
|
+$9.44M |
| 3 |
HDFC Bank
HDB
|
+$6.26M |
| 4 |
Dr. Reddy's Laboratories
RDY
|
+$3.09M |
| 5 |
America Movil
AMX
|
+$865K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 74.85% |
| 2 | Consumer Discretionary | 18.95% |
| 3 | Energy | 3.89% |
| 4 | Healthcare | 1.23% |
| 5 | Communication Services | 0.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
NVIDIA
NVDA
$4.86T
| $40.5M | 27.15% |
217,050
| – | – |
|
|
WNS
2
DELISTED
WNS Holdings
WNS
| $30.2M | 20.23% |
395,646
-126,256
| -24% | -$9.44M |
|
3
MakeMyTrip
MMYT
$5.36B
| $23.3M | 15.62% |
248,883
| – | – |
|
4
Cognizant
CTSH
$24.9B
| $14.6M | 9.76% |
217,038
-600
| -0.3% | -$43.4K |
|
5
Genpact
G
$5.96B
| $12.4M | 8.29% |
295,380
-1,800
| -0.6% | -$79.1K |
|
6
Arista Networks
ANET
$227B
| $6M | 4.02% |
41,200
| – | – |
|
|
7
Sea Limited
SE
$65.4B
| $4.97M | 3.33% |
+27,800
| New | +$4.76M |
|
|
8
Grab
GRAB
$14.3B
| $4.27M | 2.86% |
+709,200
| New | +$3.76M |
|
|
9
Freshworks
FRSH
$3.14B
| $2.78M | 1.86% |
236,292
+116,000
| +96% | +$1.56M |
|
10
Cheniere Energy
LNG
$55.2B
| $2.76M | 1.85% |
11,744
| – | – |
|
11
Intuitive Surgical
ISRG
$127B
| $1.83M | 1.23% |
4,100
| – | – |
|
12
Chord Energy
CHRD
$7.9B
| $1.32M | 0.88% |
13,280
| – | – |
|
13
Epsilon Energy
EPSN
$169M
| $1.26M | 0.84% |
250,000
| – | – |
|
|
14
America Movil
AMX
$76.1B
| $1.05M | 0.7% |
50,000
-45,400
| -48% | -$865K |
|
|
15
Globant
GLOB
$1.58B
| $1.01M | 0.68% |
+17,600
| New | +$1.3M |
|
16
Amplify Energy
AMPY
$161M
| $469K | 0.31% |
89,410
| – | – |
|
|
EXEEL
17
DELISTED
Expand Energy Corp Class C Warrants
EXEEL
| $319K | 0.21% |
3,302
| – | – |
|
18
Kenvue
KVUE
$36.9B
| $243K | 0.16% |
15,000
| – | – |
|
|
DRRX
19
DELISTED
DURECT Corp
DRRX
| – | – |
-745,000
| Closed | -$473K |
|
|
20
HDFC Bank
HDB
$123B
| – | – |
-163,400
| Closed | -$6.26M |
|
|
21
ICICI Bank
IBN
$108B
| – | – |
-1,176,842
| Closed | -$39.6M |
|
|
22
Dr. Reddy's Laboratories
RDY
$9.87B
| – | – |
-205,900
| Closed | -$3.09M |
|
23
Ternium
TX
$9.67B
| – | – |
-23,584
| Closed | -$710K |
|
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Dalton Investments's Q3 2025 Portfolio in Review
As of Q3 2025, Dalton Investments held 23 positions worth $149M, down 21% from $189M the previous quarter. Its ten largest holdings account for 95% of the portfolio.
Dalton Investments withdrew a net $49.2M in Q3 2025, closing 5 positions and reducing 4 holdings. Its most notable exit was ICICI Bank, an estimated $39.6M position sold in full.
By sector, the portfolio is most concentrated in Technology at 75% of assets, up from 55% a quarter earlier, followed by Consumer Discretionary and Energy.
Against the trend, Dalton Investments opened a new position in Sea Limited worth $4.97M.
- Dalton Investments's largest Q3 2025 buy was Sea Limited: 27,800 shares worth $4.97M.
- Dalton Investments added most to Freshworks in Q3 2025, an estimated $1.56M increase.
- Dalton Investments's biggest Q3 2025 reduction was WNS Holdings, cutting an estimated $9.44M.
- Dalton Investments fully exited ICICI Bank in Q3 2025, selling an estimated $39.6M.
- Dalton Investments's ten largest holdings make up 95% of its $149M portfolio in Q3 2025.
- Dalton Investments opened 3 new positions and closed 5 in Q3 2025.
- Dalton Investments's portfolio value fell 21% quarter-over-quarter to $149M.
Based on Dalton Investments's 13F filing for Q3 2025, filed 6 Nov 2025.