Billionaire Glenn Russell Dubin’s 10 Stock Picks with Huge Upside Potential

3. IAC Inc. (NASDAQ:IAC)

Number of Hedge Fund Holders: 53

Upside Potential: 72.61%

IAC Inc. (NASDAQ:IAC) is a diversified media and internet company with interests spanning digital content, marketplaces, search services, and caregiving platforms. Its portfolio consists of Care.com, a platform for caregiving services; Angi, a digital marketplace for home services; and Dotdash Meredith, which owns well-known lifestyle and financial brands. The company also runs The Daily Beast, owns a portion of the peer-to-peer car-sharing website Turo, and keeps assets in digital search companies like Ask.com. As part of its larger restructuring and value-unlocking strategy, IAC recently finished the spin-off of Angi.

IAC Inc. (NASDAQ:IAC) reported strong earnings for the quarter ended March 31, 2025, and reaffirmed its full-year adjusted EBITDA guidance. Excluding a one-time lease gain, Dotdash Meredith reported a 46% increase in EBITDA and a 7% year-over-year growth in digital revenue. The termination of a long-term lease at its New York headquarters resulted in a $36 million benefit for the company. The Daily Beast became profitable and had a 72% increase in income. Programmatic ad pricing was modest, but licensing and performance marketing were strong, which helped the consolidated Q1 performance. IAC expanded its share repurchase authorization by 10 million shares and bought back 4.5 million during the quarter.

IAC Inc. (NASDAQ:IAC) anticipates Dotdash Meredith’s digital sales to increase by 7–9% in Q2 2025. With enterprise demand expected to grow through 2026, Care.com is undergoing structural changes to better align its services with evolving customer needs. With the help of innovative ideas and prudent capital allocation, management anticipates long-term growth in all of its operations. IAC Inc. (NASDAQ:IAC) is worth about $15.17 million in Glenn Russell Dubin’s stock portfolio, making up 0.56% of his whole portfolio.