Cathie Wood's ARK Invest Maintains Roku Stake Despite 73% Decline From Highs

Cathie Wood’s ARK Invest holds a $497 million stake in Roku (ROKU) as of June 1, 2026, signaling sustained conviction despite the stock trading about 73% below its all-time high. The firm owns approximately 3.82 million shares at an average cost near $131, making it ARK's sixth-largest holding with a 3.27% portfolio weight. Wood is betting on Roku’s pivot from hardware scaling to monetization. The streaming platform has surpassed 100 million households and opened its system to third-party demand-side platforms, including Amazon (AMZN). This shift lifted ad gross margins above 60%, up 450 basis points year-over-year, easing profitability concerns. Roku’s subscription revenue has emerged as a stable growth engine. CFO Dan Jedda committed to reaching $1 billion in annual free cash flow by 2028 or earlier, with low capital expenditure supporting cash conversion.