5 Best ARK Stocks To Buy Now

4. Roku, Inc. (NASDAQ:ROKU)

Number of Q4 2023 Hedge Fund Shareholders: 32

Ark Invest’s Q1 2024 Investment Stake: $818.3 million

Established in 2002, Roku, Inc. (NASDAQ:ROKU) is a prominent American company known for its streaming devices and smart TVs. The company also licenses its streaming technology to other manufacturers and operates an advertising business across its streaming network.

Insider Monkey examined 933 hedge fund portfolios for the fourth quarter of last year, revealing that 32 of them held shares in Roku, Inc. (NASDAQ:ROKU). Notably, ARK Investment Management emerged as the largest shareholder during that period, with an investment valued at $873.4 million.