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 COVER PAGE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

Report for the Calendar Year or Quarter Ended: 03-31-2022
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: 1601 Cloverfield Blvd.
Suite 5050 N
Santa Monica , CA90404
Form 13F File Number: 028-12151

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: Christopher Ha
Title: Chief Compliance Officer
Phone: 424-231-9057
Signature, Place, and Date of Signing:
/s/ Christopher Ha Santa Monica , CA 05-16-2022
[Signature] [City, State] [Date]
Report Type (Check only one.):
X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
  13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
  13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 21
Form 13F Information Table Value Total: 142,183
(thousands)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name

List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
No. Form 13F File Number Name


SEC FORM 13F-HR

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: July 31, 2015
Estimated average burden
hours per response: 23.8

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
ACACIA RESH CORP ACACIA TCH COM 003881307 90 20,000 SH SOLE 20,000 0 0
BAUSCH HEALTH COS INC COM 071734107 374 16,384 SH SOLE 16,384 0 0
CHENIERE ENERGY INC COM NEW 16411R208 7,742 55,842 SH SOLE 55,842 0 0
CUMULUS MEDIA INC COM CL A 231082801 397 39,900 SH SOLE 39,900 0 0
DR REDDYS LABS LTD ADR 256135203 2,993 53,700 SH SOLE 53,700 0 0
DURECT CORP COM 266605104 243 362,624 SH SOLE 362,624 0 0
EXLSERVICE HOLDINGS INC COM 302081104 8,471 59,124 SH SOLE 59,124 0 0
GENPACT LIMITED SHS G3922B107 12,629 290,245 SH SOLE 290,245 0 0
ICICI BANK LIMITED ADR 45104G104 39,617 2,091,706 SH SOLE 2,091,706 0 0
INFOSYS LTD SPONSORED ADR 456788108 27,864 1,119,468 SH SOLE 1,119,468 0 0
MAKEMYTRIP LIMITED MAURITIUS SHS V5633W109 24,307 905,971 SH SOLE 905,971 0 0
MICRON TECHNOLOGY INC COM 595112103 604 7,760 SH SOLE 7,760 0 0
NOAH HLDGS LTD SPON ADS CL A 65487X102 1,175 49,938 SH SOLE 49,938 0 0
RESOLUTE FST PRODS INC COM 76117W109 646 50,000 SH SOLE 50,000 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 4,389 42,100 SH SOLE 42,100 0 0
TENCENT MUSIC ENTMT GROUP SPON ADS 88034P109 2,885 592,435 SH SOLE 592,435 0 0
TERNIUM SA SPONSORED ADS 880890108 792 17,339 SH SOLE 17,339 0 0
TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS 881624209 305 32,431 SH SOLE 32,431 0 0
TURQUOISE HILL RES LTD COM 900435207 1,211 40,316 SH SOLE 40,316 0 0
VNET GROUP INC SPONSORED ADS A 90138A103 3,521 604,000 SH SOLE 604,000 0 0
WNS HLDGS LTD SPON ADR 92932M101 1,928 22,548 SH SOLE 22,548 0 0