Home / Leaderboard / IAC Inc.
IAC Inc.
Joey Levin · Asset Manager · Activist
IAC Inc. (formerly InterActiveCorp) is a leading American media and internet holding company headquartered in New York City. Founded by media mogul Barry Diller, who took control of its predecessor in 1995, IAC has pioneered a unique corporate model focused on acquiring, building, and scaling high-potential digital businesses across diverse verticals such as publishing, home services, and social platforms. The company is widely recognized for its 'anti-conglomerate' strategy, which involves developing category-leading brands and subsequently spinning them off as independent, publicly traded entities to unlock shareholder value. Over nearly three decades, IAC has successfully launched more than ten independent public companies, including industry giants like Match Group, Expedia, Vimeo, and TripAdvisor. Today, its portfolio includes major assets such as Dotdash Meredith (rebranded as People Inc.) and Care.com, along with significant strategic equity positions in companies like MGM Resorts International and Turo. IAC's legacy is defined by financially disciplined opportunism and a commitment to long-term growth in the consumer internet space.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +18.8% |
| YTD return | +13.0% |
| Sharpe ratio | 3.41 |
| Win rate | 100% |
| AUM | $0.0B |
| Inception | Oct 1, 2025 |
| Updated | Sep 4, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.0B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.iac.com |
Current Holdings
Updated on Sep 4, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| MGM | MGM Resorts International | 100.0% | +18.8% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Oct 1, 2025 | BUY | MGM | 0.0% → 100.0% |
Investment Style Analysis
IAC Inc. is widely recognized for employing a Activist strategy. As of Sep 4, 2026, the firm oversees approximately $0.0B in assets under management (AUM). The portfolio demonstrates a clear preference for the Resorts & Casinos sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Oct 1, IAC Inc. made a significant move by increasing exposure to MGM. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
IAC’s investment philosophy centers on 'financially-disciplined opportunism,' prioritizing the acquisition and incubation of businesses with strong consumer utility and scalable digital platforms. The company operates as a perpetual incubator, identifying under-optimized or emerging brands and providing the capital, operational expertise, and strategic guidance necessary to achieve market leadership. IAC focuses on a 'buy, build, and spin' lifecycle, where the ultimate goal is to nurture businesses until they reach sufficient maturity and scale to thrive as independent public companies. This approach emphasizes long-term value creation over short-term financial engineering, often holding core assets for many years. By focusing on category-defining businesses in sectors like media, search, and transactional services, IAC leverages its deep expertise in digital product development and monetization to drive sustainable growth and market disruption.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with IAC Inc..
Similar Investment Style
Based on Activist.
- Domini Impact Investments LLC — Amy Domini · 3M +5.4%
- Patinex AG — Martin Ebner · 3M -1.5%
- Elliott Management Corporation — Paul Singer · 3M +13.9%
- Trian Fund Management, L.P. — Nelson Peltz · 3M +4.4%
Frequently asked questions
How is the simulated portfolio for IAC Inc. constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is IAC Inc.'s largest holding?
As of the latest filing, IAC Inc.'s top position is MGM Resorts International (MGM), representing 100.0% of the portfolio. This reflects a high-conviction bet by the institution.
What is IAC Inc.'s historical performance and risk profile?
Our simulation indicates a total return of +18.8% with a win rate of 100%. Notably, the portfolio maintains a Sharpe Ratio of 3.41, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does IAC Inc. primarily invest in?
IAC Inc. has a strong preference for the Resorts & Casinos sector, which makes up 100.0% of their disclosed assets. The portfolio also has exposure to other industries, indicating a specific thematic focus.
Is IAC Inc.'s portfolio concentrated or diversified?
IAC Inc. runs a highly concentrated portfolio with 1 disclosed positions. The top 3 holdings alone account for 100.0% of the total portfolio weight, suggesting a strategy that favors deep research into a few key names.
How has IAC Inc. performed in 2026?
Our AI-simulated model portfolio for IAC Inc. tracks a Year-to-Date (YTD) return of +13.0%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Joey Levin manage IAC Inc. directly?
Yes, Joey Levin serves as the key portfolio manager for IAC Inc., overseeing the investment strategy and final capital allocation decisions.