Ark Invest Stock Portfolio: 5 Biggest Positions

4. Roku, Inc. (NASDAQ:ROKU)

Cathie Wood & Ark Invest’s Q3 2023 Investment: $739.94 million

Number of Hedge Fund Investors: 31

Founded in 2002, Roku, Inc. (NASDAQ:ROKU) is an American public company specializing in streaming devices and smart TVs. It licenses its streaming technology to other manufacturers and operates an advertising business over its streaming network. As of 2023, Roku holds the position of the leading streaming TV network in the U.S. with 70 million viewers.

After digging through 910 hedge funds for their September quarter of 2023 shareholdings, Insider Monkey discovered that 31 had bought a stake in the company. During the same time period, leading the charge as Roku, Inc. (NASDAQ:ROKU)’s largest shareholder in our database was ARK Investment Management due to its $739.94 million investment. However, the same quarter saw Cathie Wood reduce her stake in the company by 13%.