Berkshire Hathaway Inc. (BRK.B), Micron Technology, Inc. (MU) and Turquoise Hill Resources Ltd (TRQ): Dalton Investments’ Most Prominent Holdings
Dalton Investments took the opportunity in 1Q2015 to carry out a number of reforms in its portfolio mix. The fund started fresh positions in four stocks, sold out of 15 stocks, added interest in three stocks and reduced holding in 12 stocks.
At the end of the day, the fund’s equity portfolio declined to $323.8 million from more than $398 million in 4Q2014.
In terms of industries, Dalton Investments has its largest interest in Finance, which accounts for 52% of total portfolio. The fund also has substantial exposure to Healthcare and Materials.
Here is a brief look at Dalton Investments’ portfolio mix with a focus on its prominent holdings by dollar value as disclosed in the latest filing.
Dalton Investments decreased its holding in Berkshire Hathaway Inc. (NYSE:BRK.B) to 400,766 shares worth $57.8 million at the end of 1Q. The fund’s previous holding in the company was 495,600 shares, which were valued at $74.4 million at the end of 4Q.
Dalton narrowed its exposure to Micron Technology, Inc. (NASDAQ:MU), cutting its holding in the chipmaker to 1.8 million shares from 1.5 million shares. The new stake was valued at $48.3 million at the end of 1Q. The previous holding was worth $52.8 million according to the previous report.
Turquoise Hill Resources Ltd (NYSE:TRQ) was maintained as the third-largest single equity position overall in the portfolio of Dalton to the end of 1Q. However, the fund decided to shed some shares in the company during 1Q, reducing its holding to 11.3 million shares worth $35.2 million. The fund’s previous interest in the company was 13 million shares valued at $40.4 million.
Dalton lost love for American Express Company (NYSE:AXP), Johnson & Johnson (NYSE:JNJ) and Loews Corporation (NYSE:L) among other 12 stocks and deleted them from its portfolio.
However, on a positive note, the fund initiated a fresh position 157,000 shares in ICICI Bank Ltd (ADR) (NYSE:IBN) in 1Q. The stake was worth $1.6 million at the end of the quarter.
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