Chris Davis acquired 2.7 Million IAC shares worth $149 Million. That's 0.83% of their equity portfolio (26th largest holding). The investor owns 3.26% of the outstanding IAC stock. The first IAC trade was made in Q3 2020. Since then Chris Davis bought shares three more times and sold shares on eleven occasions. The investor's estimated purchase price is $278 Million, resulting in a loss of 46%.