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	701	110,400	SH		SOLE		110,400	0	0
ALLY FINL INC	COM	02005N100	14,644	620,000	SH		SOLE		620,000	0	0
AMERICAN EXPRESS CO	COM	025816109	1,135	12,200	SH		SOLE		12,200	0	0
AMERICAN INTL GROUP INC	*W EXP 01/19/202	026874156	25,684	1,043,205	SH		SOLE		1,043,205	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	38,446	686,413	SH		SOLE		686,413	0	0
BANCROFT FUND LTD	COM	059695106	208	10,374	SH		SOLE		10,374	0	0
BANK AMER CORP	COM	060505104	13,390	748,467	SH		SOLE		748,467	0	0
BARCLAYS BK PLC	2 YR TREAS BEAR	06740L519	2,165	59,950	SH		SOLE		59,950	0	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	4,294	19	SH		SOLE		19	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	74,414	495,600	SH		SOLE		495,600	0	0
BLACKROCK MUNIHOLDNGS QLTY I	COM	09254A101	157	11,792	SH		SOLE		11,792	0	0
CISCO SYS INC	COM	17275R102	526	18,900	SH		SOLE		18,900	0	0
CITIGROUP INC	COM NEW	172967424	690	12,754	SH		SOLE		12,754	0	0
EATON VANCE NATL MUN OPPORT	COM SHS	27829L105	217	10,345	SH		SOLE		10,345	0	0
ELLSWORTH FUND LTD	COM	289074106	376	43,126	SH		SOLE		43,126	0	0
EXXON MOBIL CORP	COM	30231G102	1,017	11,000	SH		SOLE		11,000	0	0
FRANKLIN LTD DURATION INC TR	COM	35472T101	145	11,910	SH		SOLE		11,910	0	0
FREQUENCY ELECTRS INC	COM	358010106	114	10,000	SH		SOLE		10,000	0	0
GENWORTH FINL INC	COM CL A	37247D106	17,000	2,000,000	SH		SOLE		2,000,000	0	0
HEWLETT PACKARD CO	COM	428236103	433	10,800	SH		SOLE		10,800	0	0
INVESCO MUNI INCOME OPP TRST	COM	46132X101	88	12,667	SH		SOLE		12,667	0	0
ISHARES	MSCI JAPAN ETF	464286848	7,696	684,669	SH		SOLE		684,669	0	0
JOHNSON & JOHNSON	COM	478160104	1,046	10,000	SH		SOLE		10,000	0	0
JPMORGAN CHASE & CO	*W EXP 10/28/201	46634E114	1,887	90,710	SH		SOLE		90,710	0	0
LEUCADIA NATL CORP	COM	527288104	1,009	45,000	SH		SOLE		45,000	0	0
LIONBRIDGE TECHNOLOGIES INC	COM	536252109	81	14,082	SH		SOLE		14,082	0	0
LOEWS CORP	COM	540424108	840	20,000	SH		SOLE		20,000	0	0
MAGAL SECURITY SYS LTD	ORD	M6786D104	172	29,613	SH		SOLE		29,613	0	0
MICRON TECHNOLOGY INC	COM	595112103	52,848	1,509,500	SH		SOLE		1,509,500	0	0
MICROSOFT CORP	COM	594918104	232	5,000	SH		SOLE		5,000	0	0
NATIONAL BK GREECE S A	ADR PRF SER A	633643507	20,071	1,443,587	SH		SOLE		1,443,587	0	0
PACIFIC ETHANOL INC	COM PAR $.001	69423U305	11,780	1,140,400	SH		SOLE		1,140,400	0	0
POWERSHS DB US DOLLAR INDEX	DOLL INDX BULL	73936D107	264	11,000	SH		SOLE		11,000	0	0
PROSHARES TR	PSHS SHRT S&P500	74347R503	1,061	48,730	SH		SOLE		48,730	0	0
PUTNAM MUN OPPORTUNITIES TR	SH BEN INT	746922103	174	14,492	SH		SOLE		14,492	0	0
RAYONIER ADVANCED MATLS INC	COM	75508B104	13,224	593,000	SH		SOLE		593,000	0	0
RESOLUTE FST PRODS INC	COM	76117W109	1,057	60,000	SH		SOLE		60,000	0	0
ROYAL BK SCOTLAND GROUP PLC	ADR PREF SHS R	780097747	2,717	114,112	SH		SOLE		114,112	0	0
ROYAL BK SCOTLAND GROUP PLC	ADR PFD SER P	780097762	243	10,090	SH		SOLE		10,090	0	0
ROYAL BK SCOTLAND GROUP PLC	ADR PREF SER N	780097770	478	19,299	SH		SOLE		19,299	0	0
TRIBUNE MEDIA CO	CL A	896047503	3,915	65,500	SH		SOLE		65,500	0	0
TURQUOISE HILL RES LTD	COM	900435108	40,406	13,034,206	SH		SOLE		13,034,206	0	0
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	1,372	14,536	SH		SOLE		14,536	0	0
VANGUARD INDEX FDS	TOTAL STK MKT	922908769	1,785	16,842	SH		SOLE		16,842	0	0
VANGUARD INTL EQUITY INDEX F	TT WRLD ST ETF	922042742	295	4,902	SH		SOLE		4,902	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	2,079	44,368	SH		SOLE		44,368	0	0