13F-HR 1 dal4q10.txt FORM 13F HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2010 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Dalton Investments LLC Address: 12424 Wilshire Boulevard, Suite 600 Los Angeles, CA 90025 13F File Number: 28-12151 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Joy L. Milan, JD Title: Vice President - Compliance & Legal Affairs Phone: (310) 882-4141 Signature, Place, and Date of Signing: /s/ Joy L. Milan, JD Los Angeles, CA February 14, 2011 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 40 Form13F Information Table Value Total: $109,428 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ACACIA RESH CORP ACACIA TCH COM 003881307 561 21643 SH Sole 21643 0 0 ALPINE GLOBAL PREMIER PPTYS COM SBI 02083a103 81 11433 SH Sole 11433 0 0 ALPS ETF TR JEFF TRJ CRB GLO 00162Q304 562 11333 SH Sole 11333 0 0 AOL INC COM 00184X105 2811 118537 SH Sole 118537 0 0 BANCROFT FUND LTD COM 059695106 667 39414 SH Sole 39414 0 0 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 11884 148350 SH Sole 148350 0 0 CABLEVISION SYS CORP CL A NY CABLVS 12686C109 7617 225100 SH Sole 225100 0 0 COCA COLA CO COM 191216100 2293 34870 SH Sole 34870 0 0 COHEN & STEERS CLOSED END OP COM 19248P106 708 54361 SH Sole 54361 0 0 CONOCOPHILLIPS COM 20825C104 3854 56588 SH Sole 56588 0 0 DELL INC COM 24702R101 859 63370 SH Sole 63370 0 0 DIRECTV COM CL A 25490A101 8314 208209 SH Sole 208209 0 0 ELLSWORTH FUND LTD COM 289074106 864 117577 SH Sole 117577 0 0 ENSTAR GROUP LIMITED SHS G3075P101 1362 16107 SH Sole 16107 0 0 FRANKLIN TEMPLETON LTD DUR I COM 35472t101 251 19193 SH Sole 19193 0 0 ISHARES TR IBOXX INV CPBD 464287242 317 2925 SH Sole 2925 0 0 ISHARES TR MSCI ACWI EX 464288240 247 5604 SH Sole 5604 0 0 ISHARES TR HIGH YLD CORP 464288513 367 4062 SH Sole 4062 0 0 LIBERTY GLOBAL INC COM SER C 530555309 8617 254265 SH Sole 254265 0 0 LIBERTY MEDIA CORP NEW CAP COM SER A 53071M302 6437 102900 SH Sole 102900 0 0 LIBERTY MEDIA CORP NEW INT COM SER A 53071M104 410 26000 SH Sole 26000 0 0 LOEWS CORP COM 540424108 9459 243098 SH Sole 243098 0 0 MEDIACOM COMMUNICATIONS CORP CL A 58446K105 1114 131500 SH Sole 131500 0 0 MICROFINANCIAL INC COM 595072109 42 10376 SH Sole 10376 0 0 NOBEL LEARNING CMNTYS INC COM 654889104 295 40000 SH Sole 40000 0 0 PANHANDLE OIL AND GAS INC CL A 698477106 1645 60000 SH Sole 60000 0 0 PHILIP MORRIS INTL INC COM 718172109 4384 74900 SH Sole 74900 0 0 PLATINUM UNDERWRITER HLDGS L COM G7127P100 4478 99577 SH Sole 99577 0 0 PROSHARES TR PSHS SHORT QQQ 74347R602 6993 201700 SH Sole 201700 0 0 PROSHARES TR PSHS SHTRUSS2000 74347R826 6813 211700 SH Sole 211700 0 0 RESOURCE CAP CORP COM 76120W302 80 10781 SH Sole 10781 0 0 SPDR INDEX SHS FDS S&P INTL SMLCP 78463x871 691 22395 SH Sole 22395 0 0 SPDR SERIES TRUST BRCLYS CAP CONV 78464a359 308 7515 SH Sole 7515 0 0 UNITED MICROELECTRONICS CORP SPON ADR NEW 910873405 5281 1671200 SH Sole 1671200 0 0 VANGUARD INDEX FDS REIT ETF 922908553 509 9193 SH Sole 9193 0 0 VANGUARD INDEX FDS LARGE CAP ETF 922908637 2680 46516 SH Sole 46516 0 0 VANGUARD INDEX FDS SMALL CP ETF 922908751 458 6300 SH Sole 6300 0 0 VANGUARD INDEX FDS STK MRK ETF 922908769 2333 35933 SH Sole 35933 0 0 VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 2456 51451 SH Sole 51451 0 0 VIACOM INC NEW CL B 92553p201 326 8240 SH Sole 8240 0 0