Top 5 From Cathie Wood’s Q2 Portfolio

3۔ Roku, Inc. (NASDAQ:ROKU)

ARK Investment’s Stake Value: $962,719,000

Percentage of ARK Investment’s 13F Portfolio: 5.69%

Number of Hedge Fund Holders: 34

Roku, Inc. (NASDAQ:ROKU) is a TV streaming platform operator. The company operates through its Platform and Player segments.

Matthew Thornton at Truist holds a ‘Buy’ rating on Roku, Inc. (NASDAQ:ROKU) shares as of August 28. The analyst also holds a $90 price target on the stock.

At the start of August, Roku, Inc. (NASDAQ:ROKU) was among the communication stocks on the upside among various S&P 500 sectors. The company rebounded in the first week of August with a 25.6% gain.

Roku, Inc. (NASDAQ:ROKU) was in 34 hedge funds’ portfolios in the second quarter, with their total stake value being $1.4 billion.