Dalton Investments LLC
Dalton Investments LLC is a boutique asset management firm headquartered in Santa Monica, California, United States. Founded in 1999, Dalton specializes in value-oriented investment strategies across global equity markets, with a particular focus on Asia and emerging markets. The firm serves institutional investors, family offices, foundations, endowments, and high-net-worth individuals. Dalton is known for fundamental research and a long-term perspective, typically employing bottom-up stock selection. The firm has around 44 employees, with about 39% directly involved in investment functions.
Investment Strategy
Dalton Investments LLC employs a value-oriented, long-term investment strategy with a focus on undervalued equities in Asian and other global emerging markets. The firm specializes in bottom-up fundamental analysis, seeking securities trading at substantial discounts to intrinsic value, often with catalysts such as corporate governance reform, shareholder activism, or structural market changes. Dalton’s approach seeks capital preservation and risk management through careful security selection and diversification, with an emphasis on alignment with shareholders and downside protection.
Top Holdings
Equity Positions (19)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
I IBN | ICICI BANK LIMITED | 20.97% | $39.6M | 1,176,842 | $11.06 | $33.64 | +$2.5M |
N NVDA | NVIDIA CORPORATION | 18.16% | $34.3M | 217,050 | $12.76 | $157.99 | +$10.8M |
W WNS | WNS HLDGS LTD | 17.48% | $33.0M | 521,902 | $47.42 | $63.24 | +$974.8K |
M MMYT | MAKEMYTRIP LIMITED MAURITIUS | 12.92% | $24.4M | 248,883 | $19.71 | $98.02 | +$7.5K |
C CTSH | COGNIZANT TECHNOLOGY SOLUTIO | 8.99% | $17.0M | 217,638 | $75.54 | $78.03 | +$333.0K |