Dalton Investments 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
1ST CENTURY BANCSHARES INC	COM	31943X102	859	108,400	SH		SOLE		108,400	0	0
ACACIA RESH CORP	ACACIA TCH COM	003881307	375	24,560	SH		SOLE		24,560	0	0
ALCOA INC	COM	013817101	167	13,000	SH		SOLE		13,000	0	0
ALPS ETF TR	JEFF TRJ CRB GLO	00162Q304	571	12,998	SH		SOLE		12,998	0	0
AMERICAN INTL GROUP INC	*W EXP 01/19/202	026874156	13,636	667,099	SH		SOLE		667,099	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	61,437	1,228,500	SH		SOLE		1,228,500	0	0
BANCROFT FUND LTD	COM	059695106	445	22,769	SH		SOLE		22,769	0	0
BANK OF AMERICA CORPORATION	COM	060505104	11,790	685,466	SH		SOLE		685,466	0	0
BEBE STORES INC	COM	075571109	83	13,500	SH		SOLE		13,500	0	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	3,934	21	SH		SOLE		21	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	68,165	545,450	SH		SOLE		545,450	0	0
BGC PARTNERS INC	CL A	05541T101	157	24,000	SH		SOLE		24,000	0	0
BLACKROCK MUNIASSETS FD INC	COM	09254J102	150	12,216	SH		SOLE		12,216	0	0
BLACKROCK MUNIHLDNGS QLTY II	COM	09254C107	297	23,285	SH		SOLE		23,285	0	0
BLACKROCK MUNIHOLDNGS QLTY I	COM	09254A101	181	14,355	SH		SOLE		14,355	0	0
BLACKROCK MUNIYIELD CALIF FD	COM	09254M105	197	13,432	SH		SOLE		13,432	0	0
CITIGROUP INC	COM NEW	172967424	28,252	593,535	SH		SOLE		593,535	0	0
DEUTSCHE BK AG LONDON BRH	3X INV JAP GOV	25154P188	1,403	83,000	SH		SOLE		83,000	0	0
EATON CORP PLC	SHS	G29183103	225	3,000	SH		SOLE		3,000	0	0
EATON VANCE NATL MUN OPPORT	COM SHS	27829L105	386	19,912	SH		SOLE		19,912	0	0
ELLSWORTH FUND LTD	COM	289074106	702	81,638	SH		SOLE		81,638	0	0
FRANKLIN TEMPLETON LTD DUR I	COM	35472t101	206	15,822	SH		SOLE		15,822	0	0
FREQUENCY ELECTRS INC	COM	358010106	108	10,000	SH		SOLE		10,000	0	0
INVESCO MUNI INCOME OPP TRST	COM	46132X101	155	23,456	SH		SOLE		23,456	0	0
KID BRANDS INC	COM	49375T100	71	23,000	SH		SOLE		23,000	0	0
LEUCADIA NATL CORP	COM	527288104	984	35,156	SH		SOLE		35,156	0	0
LIONBRIDGE TECHNOLOGIES INC	COM	536252109	94	14,082	SH		SOLE		14,082	0	0
LOEWS CORP	COM	540424108	881	20,000	SH		SOLE		20,000	0	0
MAGAL SECURITY SYS LTD	ORD	M6786D104	109	29,613	SH		SOLE		29,613	0	0
MICRON TECHNOLOGY INC	COM	595112103	36,768	1,554,000	SH		SOLE		1,554,000	0	0
MICROSOFT CORP	COM	594918104	246	6,000	SH		SOLE		6,000	0	0
MORGAN STANLEY	COM NEW	617446448	10,850	348,100	SH		SOLE		348,100	0	0
MVC CAPITAL INC	COM	553829102	332	24,500	SH		SOLE		24,500	0	0
NATIONAL BK GREECE S A	ADR PRF SER A	633643507	27,448	1,530,000	SH		SOLE		1,530,000	0	0
NORTHERN TIER ENERGY LP	COM UN REPR PART	665826103	514	20,000	SH		SOLE		20,000	0	0
OCH ZIFF CAP MGMT GROUP	CL A	67551U105	207	15,000	SH		SOLE		15,000	0	0
PANHANDLE OIL AND GAS INC	CL A	698477106	314	7,200	SH		SOLE		7,200	0	0
PIMCO ETF TR	INTER MUN BD ST	72201R866	217	4,124	SH		SOLE		4,124	0	0
POWERSHARES QQQ TRUST	UNIT SER 1	73935A104	43,642	497,800	SH	Call	SOLE		497,800	0	0
POWERSHS DB US DOLLAR INDEX	DOLL INDX BULL	73936D107	279	13,000	SH		SOLE		13,000	0	0
PUTNAM MUN OPPORTUNITIES TR	SH BEN INT	746922103	368	32,337	SH		SOLE		32,337	0	0
RESOLUTE FST PRODS INC	COM	76117W109	1,205	60,000	SH		SOLE		60,000	0	0
ROYAL BK SCOTLAND GROUP PLC	ADR PREF SHS R	780097747	2,075	94,112	SH		SOLE		94,112	0	0
ROYAL BK SCOTLAND GROUP PLC	ADR PFD SER P	780097762	224	10,090	SH		SOLE		10,090	0	0
ROYAL BK SCOTLAND GROUP PLC	ADR PREF SER N	780097770	437	19,299	SH		SOLE		19,299	0	0
SPDR INDEX SHS FDS	S&P INTL SMLCP	78463x871	251	7,406	SH		SOLE		7,406	0	0
TEJON RANCH CO	COM	879080109	347	10,250	SH		SOLE		10,250	0	0
TESSERA TECHNOLOGIES INC	COM	88164L100	473	20,000	SH		SOLE		20,000	0	0
TURQUOISE HILL RES LTD	COM	900435108	35,174	10,562,843	SH		SOLE		10,562,843	0	0
VANGUARD INDEX FDS	REIT ETF	922908553	304	4,299	SH		SOLE		4,299	0	0
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	1,477	17,172	SH		SOLE		17,172	0	0
VANGUARD INDEX FDS	SMALL CP ETF	922908751	436	3,864	SH		SOLE		3,864	0	0
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	3,381	34,686	SH		SOLE		34,686	0	0
VANGUARD INTL EQUITY INDEX F	TT WRLD ST ETF	922042742	217	3,644	SH		SOLE		3,644	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	3,726	74,068	SH		SOLE		74,068	0	0
VANGUARD SPECIALIZED PORTFOL	DIV APP ETF	921908844	204	2,708	SH		SOLE		2,708	0	0
WESTERN ASSET MUN HI INCM FD	COM	95766N103	79	11,209	SH		SOLE		11,209	0	0