Institutional Insights: Hedge Funds' Moves on Roku Shares

2024-03-12

During the quarter ending December 31, 2023, data from sharkstracker.com revealed that Roku (ROKU) shares were held by 580 hedge funds, totaling 121,845,944 shares. In contrast, 29 ETFs held Roku shares, amounting to 12,065,781 shares. Among the top institutional holders of Roku shares were Vanguard Group Inc, FMR LLC, and ARK Investment Management LLC.

In the same quarter, 221 hedge funds were actively buying Roku shares, while 214 were selling. The buying activity resulted in the acquisition of 17,426,870 shares, with 11,005,591 shares being sold. Notably, 68 hedge funds doubled their positions on Roku, while 7 funds divested at least 90% of their Roku shares.

In terms of sentiment towards Roku, the most optimistic institutions included D. E. Shaw & Co., Inc., FMR LLC, and Renaissance Technologies LLC. Conversely, the most pessimistic outlooks came from Nikko Asset Management Americas, Inc., and Goldman Sachs Group Inc.

The data sourced from sharkstracker.com offers a data-driven perspective on the market dynamics surrounding Roku. For a more comprehensive analysis, the full version of the article can be accessed at https://www.sharkstracker.com/reports/ReportDetail12:ROKU/?rrr=3.