Billionaires Accumulate Roku Shares as Streaming Platform Gains Traction

Several prominent hedge fund managers increased their stakes in Roku during Q1, signaling confidence in the streaming platform's growth potential. Cliff Asness of AQR Capital Management sextupled his position to 467,005 shares, while Stanley Druckenmiller initiated a 493,600-share stake that now ranks among his top 30 holdings.

Roku maintains dominance as North America's leading streaming platform by hours watched, with its OS powering the best-selling smart TVs across the continent. The company's free ad-supported service, The Roku Channel, now ranks as the fifth most popular streaming destination in the U.S., trailing only YouTube, Netflix, Disney+, and Amazon Prime Video.

Analysts see 28% upside potential with a median price target of $105, as advertisers continue shifting budgets from traditional TV to connected television platforms. The company's strategic position at the intersection of content distribution and digital advertising creates multiple monetization pathways.