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LOGC - Contextlogic Holdings Inc.

Insider Purchase by Abrams Capital Management, L.P. (10%)

1 Month
After Trade
Before Trade

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Trade Summary

1 week ago, Abrams Capital Management, L.P., serving as 10% owner at Contextlogic Holdings Inc. (LOGC), purchased 1,758,794 shares at $7.00 per share, for a total transaction value of $12,311,558.00. Following this transaction, Abrams Capital Management, L.P. now holds 18,269,534 shares of LOGC.

This purchase represents a 11.00% increase in Abrams Capital Management, L.P.'s stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Thursday, February 26, 2026 and publicly disclosed via SEC Form 4 filing on Thursday, February 26, 2026, meaning the disclosure happened on the same day as the trade.

Contextlogic Holdings Inc. operates in the CONSUMER CYCLICAL sector, specifically within the INTERNET RETAIL industry. Insider buying activity in this sector can provide valuable signals about industry trends and company-specific developments.

Abrams Capital Management, L.P.

Abrams Capital Management, L.P.

10%

Abrams Capital Management, L.P. is a Boston-based hedge fund and investment firm founded in 1999 by David Abrams, who serves as the principal owner and leader of the firm[[2]](https://fintool.com/app/research/funds/hedge-funds/abrams-capital-management-lp)[[3]](https://radientanalytics.com/firm/adv/abrams-capital-management-l-p-155729)[[4]](https://www.zoominfo.com/c/abrams-capital-llc/371825240). The firm employs a highly focused, value-oriented investment strategy, emphasizing concentrated bets on undervalued equities across public and private markets, with a long-term horizon, deep research, and capital preservation. It manages approximately $5.67 billion to $6 billion in assets under management as of mid-2025, with a lean team of around 37 employees, including key leaders such as Travis Rhodes (President and Managing Director), James Cafferty (Managing Director and Partner), and others[[1]](https://fintel.io/i/abrams-capital-management)[[2]](https://fintool.com/app/research/funds/hedge-funds/abrams-capital-management-lp). Abrams Capital's portfolio consists of 12 holdings, with top positions in Loar Holdings Inc. (LOAR, ~45%), Lithia Motors Inc. (LAD), Asbury Automotive Group Inc. (ABG), Coupang Inc., and Alphabet Inc., spanning industries like industrial machinery, real estate, and chemicals[[1]](https://fintel.io/i/abrams-capital-management)[[2]](https://fintool.com/app/research/funds/hedge-funds/abrams-capital-management-lp). As a corporate insider, the firm has recently traded in ContextLogic Holdings Inc. (LOGC) at a 10% stake, reflecting its opportunistic approach to significant positions[[1]](https://fintel.io/i/abrams-capital-management). The firm invests on behalf of institutional clients and high-net-worth individuals, maintaining an unlevered, long-biased posture across diverse asset types and market cycles[[4]](https://www.zoominfo.com/c/abrams-capital-llc/371825240).

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Trade Price

$7.00

Quantity

1,758,794

Total Value

$12,311,558.00

Shares Owned

18,269,534

Trade Date

Thursday, February 26, 2026

7 days ago

SEC Filing Date

Thursday, February 26, 2026

CONSUMER CYCLICALINTERNET RETAIL

About Contextlogic Holdings Inc.

Company Overview

No company information available
View news mentioning LOGC

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