ARK Investment Management Updates Roku Stake to 9.5M Shares

TL;DR

**ARK still holds a huge chunk of Roku, signaling continued belief in its future.**

AI Summary

ARK Investment Management LLC, led by Cathie Wood, has updated its holdings in Roku, Inc. (ROKU) as of December 31, 2023. The filing, an Amendment No. 6 to their SC 13G, shows ARK now beneficially owns 9,528,872 shares of Roku's Class A Common Stock, representing a significant stake. This matters to investors because ARK is a prominent institutional investor known for its focus on disruptive innovation, and changes in its holdings can signal its conviction in a company's future prospects.

Why It Matters

This filing reveals ARK Investment Management's updated position in Roku, indicating their continued, albeit potentially adjusted, confidence in the streaming company's long-term growth trajectory.

Risk Assessment

Risk Level: low — This is a routine disclosure of an institutional investor's holdings and does not inherently introduce new risks to the company or its stock.

Analyst Insight

Investors should note ARK's continued substantial stake in Roku, but this filing alone doesn't indicate a change in strategy. It's a snapshot of holdings as of December 31, 2023, and further analysis of ARK's trading activity (e.g., daily ETF flows) would be needed for real-time insights.

Key Numbers

• 9,528,872 — Total Shares Beneficially Owned (Represents ARK Investment Management LLC's total holding of Roku Class A Common Stock as of December 31, 2023.)
• 9,014,726 — Sole Voting Power Shares (The number of shares over which ARK Investment Management LLC has sole voting power.)
• 285,750 — Shared Voting Power Shares (The number of shares over which ARK Investment Management LLC has shared voting power.)
• 9,528,872 — Sole Dispositive Power Shares (The number of shares over which ARK Investment Management LLC has sole dispositive power.)
• 77543R102 — CUSIP Number (The unique identification number for Roku's Class A Common Stock.)

Key Players & Entities

• ARK Investment Management LLC (company) — the reporting person filing the SC 13G/A
• Roku, Inc. (company) — the subject company whose shares are being reported
• Delaware, United States (company) — place of organization for ARK Investment Management LLC
• 9,528,872 (dollar_amount) — total shares beneficially owned by ARK Investment Management LLC
• December 31, 2023 (date) — date of the event requiring the filing of this statement

Forward-Looking Statements

• ARK Investment Management will continue to be a significant holder of Roku shares throughout 2024. (ARK Investment Management LLC) — high confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.0001 — (Name of Issuer) Class A Common Stock, $0.0001 par value per share (Title of Class o

Filing Documents

• tm244117d23_sc13ga.htm (SC 13G/A) — 49KB
• 0001104659-24-007694.txt ( ) — 50KB

(a) Name of issuer

Item 1(a) Name of issuer: Roku, Inc

(b) Address of issuer's principal executive offices

Item 1(b) Address of issuer's principal executive offices: 1173 Coleman Avenue, San Jose, CA 95110

(a) Name of person filing

Item 2(a) Name of person filing: ARK Investment Management LLC

(b) Address or principal business office or, if none,

Item 2(b) Address or principal business office or, if none, residence: ARK Investment Management LLC 200 Central Avenue St. Petersburg, FL 33701

(c) Citizenship

Item 2(c) Citizenship: Delaware, United States

(d) Title of class of securities

Item 2(d) Title of class of securities: Class A Common Stock, $0.0001 par value per share

(e) CUSIP No

Item 2(e) CUSIP No.: 77543R102

If this statement is filed pursuant to §§ 240.13d-1(b) or

Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); (k) Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____ CUSIP No. 77543R102 13G Page 4 of 5 Pages

Ownership

Item 4. Ownership (a) Amount beneficially owned: 9,528,872 (b) Percent of class: 7.62% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 9,014,726 (ii) Shared power to vote or to direct the vote: 285,750 (iii) Sole power to dispose or to direct the disposition of: 9,528,872 (iv) Shared power to dispose or to direct the disposition of: 0

Ownership of 5 Percent or Less of a Class

Item 5. Ownership of 5 Percent or Less of a Class. Not applicable.

Ownership of More than 5 Percent on Behalf of Another Person

Item 6. Ownership of More than 5 Percent on Behalf of Another Person. To the knowledge of the Reporting Person, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, a number of the shares which represents more than five percent of the number of outstanding class of the shares. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not applicable.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not applicable. CUSIP No. 77543R102 13G Page 5 of 5 Pages

Certifications

Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. The reporting persons agree that this statement is filed on behalf of each of them. Dated: January 29, 2024 ARK Investment Management LLC By: /s/ Kellen Carter Name: Kellen Carter Title: Chief Compliance Officer