1y return−24.9%S&P 500 +20.9%
3y return+36.0%S&P 500 +68.5%
5y return+38.0%S&P 500 +74.5%
10y return+106.1%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $206 against $357 in the S&P 500.2
Dalton Investments, Inc.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corporation | $40.0M | 36.1% | |
| Makemytrip Limited MauritiusCUSIP V5633W109 | $22.3M | 20.1% | +3.3% |
| CTSHCognizant Technology Solutio | $11.7M | 10.5% | +12.8% |
| Genpact LimitedCUSIP G3922B107 | $10.4M | 9.4% | +60.4% |
| TASKTaskus Inc | $10.0M | 9.0% | +40.2% |
| SESea Ltd | $4.3M | 3.9% | −21.8% |
| ANETArista Networks Inc | $2.9M | 2.6% | |
| ISRGIntuitive Surgical Inc | $1.6M | 1.5% | |
| CHRDChord Energy Corporation | $1.5M | 1.4% | |
| TSMTaiwan Semiconductor Manufac | $1.4M | 1.3% | +2.8% |
| FRSHFreshworks Inc | $1.4M | 1.2% | |
| EPSNEpsilon Energy Ltd | $1.4M | 1.2% | |
| SHGShinhan Financial Group Co L | $904K | 0.8% | +4.4% |
| KOSKosmos Energy Ltd | $528K | 0.5% | |
| AMPYAmplify Energy Corp New | $356K | 0.3% | |
| KVUEKenvue Inc | $287K | 0.3% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2022 | +1219.9% | $40.0M |
| Makemytrip Limited MauritiusCUSIP V5633W109 | June 30, 2020 | +247.9% | $22.3M |
| ANETArista Networks Inc | December 31, 2024 | +53.7% | $2.9M |
| TSMTaiwan Semiconductor Manufac | March 31, 2026 | +41.3% | $1.4M |
| SHGShinhan Financial Group Co L | March 31, 2026 | +3.1% | $904K |
| KVUEKenvue Inc | September 30, 2023 | −4.8% | $287K |
| EPSNEpsilon Energy Ltd | June 30, 2022 | −8.1% | $1.4M |
| CHRDChord Energy Corporation | September 30, 2022 | −16.4% | $1.5M |
| FRSHFreshworks Inc | September 30, 2022 | −22.0% | $1.4M |
| ISRGIntuitive Surgical Inc | December 31, 2024 | −23.8% | $1.6M |
Sold off last quarter
- AMXAmerica Movil Sab De Cv was $1.4M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +1.3% | +14.8% |
| March 31, 2026 | −22.6% | −4.6% |
| December 31, 2025 | −6.7% | +2.4% |
| September 30, 2025 | +2.6% | +7.8% |
| June 30, 2025 | +9.0% | +10.5% |
| March 31, 2025 | −2.7% | −4.6% |
| December 31, 2024 | +8.8% | +2.1% |
| September 30, 2024 | +5.5% | +5.4% |
| June 30, 2024 | +11.0% | +4.0% |
| March 31, 2024 | +14.9% | +10.0% |
| December 31, 2023 | +7.1% | +11.2% |
| September 30, 2023 | +9.0% | −3.6% |
| June 30, 2023 | +3.9% | +8.3% |
| March 31, 2023 | +0.9% | +7.0% |
| December 31, 2022 | +1.4% | +7.1% |
| September 30, 2022 | +11.2% | −5.3% |
| June 30, 2022 | −9.3% | −16.5% |
| March 31, 2022 | −5.6% | −4.9% |
| December 31, 2021 | +7.1% | +10.7% |
| September 30, 2021 | −6.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Dalton Investments, Inc. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1388838&type=13F-HR&dateb=&owner=include&count=40CIK 1388838
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1388838/000117266126003265/Filed August 11, 2026 · accession 0001172661-26-003265