Cathie Wood’s Latest Stock Portfolio: Top 5 Stock Picks

4. Roku, Inc. (NASDAQ:ROKU)

Number of Q4 2023 Hedge Fund Shareholders: 38

Ark Invest’s Q1 2024 Investment Stake: $717 million

Roku, Inc. (NASDAQ:ROKU) is a consumer electronics and entertainment firm headquartered in San Jose, California. It operates a streaming platform and provides its own hardware as well. The shares are rated Buy on average, and the average analyst share price target is $83.77.

For their December quarter of 2023 shareholdings, 38 out of the 933 hedge funds profiled by Insider Monkey had bought the firm’s shares. Roku, Inc. (NASDAQ:ROKU)’s biggest shareholder among these is Ms. Wood’s firm due to its $873 million investment.

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