5 Best ARK Stocks To Buy Now

3. Roku, Inc. (NASDAQ:ROKU)

Value of ARK Investment Management’s 13F Position: $672.168 million

Number of Hedge Fund Holders: 33

Roku, Inc. (NASDAQ:ROKU) designs and sells digital media players used for streaming media content. The company has over 65 million active accounts as of the September quarter.

ARK Investment Management was the largest stakeholder of Roku, Inc. (NASDAQ:ROKU) in Q3 with 11.9 million shares, valued at $672.168 million. The company makes up 4.68% of ARK’s portfolio. 33 hedge funds were bullish on Roku, Inc. (NASDAQ:ROKU) in Q3 2022.

Here is what Saga Partners had to say about Roku, Inc. (NASDAQ:ROKU) in its Q2 2022 investor letter:

“The Portfolio first bought Roku in Q3’20. It was a company we followed closely given our investment in The Trade Desk and its importance in connected television (CTV). Roku continued to impressively grow its CTV market share and it took some extra work to understand the underlying dynamics causing Roku’s success. I think there is some misunderstanding surrounding the connected television landscape. Since I haven’t written extensively on the topic in past letters, I thought it would be helpful to provide a little more background on the underlying dynamics of the space below…” (Click here to see the full text)