Ark Invest Stock Portfolio: Top 5 Picks

4. Roku, Inc. (NASDAQ:ROKU)

Cathie Wood & Ark Invest’s Q3 2023 Investment: $736 million

Number of Hedge Fund Investors In Q2 2023: 29

Roku, Inc. (NASDAQ:ROKU) is an entertainment company that provides online entertainment products and services. The third quarter saw Cathie Wood’s Ark Invest reduce its stake in the company by 13% even though Roku, Inc. (NASDAQ:ROKU)’s latest financial results outperformed analyst estimates.

After digging through 910 hedge funds for their June quarter of 2023 shareholdings, Insider Monkey discovered that 29 had bought a stake in the company. During the same time period, Roku, Inc. (NASDAQ:ROKU)’s largest shareholder in our database was ARK Investment Management due to its $764 million investment.

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