5 Best ARK Stocks To Buy Now

4. Roku, Inc. (NASDAQ:ROKU)

Number of Shares Owned by ARK: 10,439,813

Stake Value: $736,946,416

Number of Hedge Fund Holders: 29

Cathie Wood reported owning 10.4 million Roku, Inc. (NASDAQ:ROKU) shares as of the end of the second quarter of 2023. The total value of these shares at the end of June was $736.95 million.

Overall, 29 hedge funds out of the 910 hedge funds tracked by Insider Monkey had stakes in Roku, Inc. (NASDAQ:ROKU).

Here is what Saga Partners has 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…”