Top Roku Shareholders

Roku Inc. (ROKU) offers TV streaming services and streaming devices. Its streaming platform gives customers the ability to view thousands of channels on a range of other streaming services, and enables content providers and advertisers to reach consumers worldwide. Roku generates revenue primarily through selling digital advertising, tools for audience development, and content distribution. It also sells its own Roku-branded TV and various other streaming devices.

The top shareholders of Roku are Stephen Kay, Ray Rothrock, Scott A. Rosenberg, Anthony J. Wood, FMR LLC, and Vanguard Group Inc.

Roku's 12-month trailing net income and revenue are -$17.5 million and $1.8 billion, respectively. The company's market cap is about $49.8 billion. These financial data are as of April 15, 2021.

"Insider" refers to people in senior management positions and members of the board of directors, as well as people or entities that own more than 10% of the company's stock. In this context, it has nothing to do with insider trading.

Top 3 Individual Insider Shareholders

The shares owned by individual insider shareholders are those that are held through direct ownership. They do not include shares held indirectly nor shares accessible through stock options.

Stephen Kay

Stephen Kay owns a total of 77,312 Roku shares, representing 0.06% of the company's total shares outstanding. Kay, who joined Roku in 2014, is senior vice president and general counsel. He manages all legal matters, including corporate and commercial transactions, intellectual property, compliance, and more. Prior to Roku, he worked for 11 years as a managing partner at the Los Angeles office of law firm Hogan Lovells. Before that, Kay served as executive vice president and general counsel at Gemstar-TV Guide International Inc.

Ray Rothrock

Ray Rothrock owns a total of 36,220 Roku shares, representing 0.03% of the company's total shares outstanding. Rothrock has been a director on Roku's board since August 2014. Since June 2020, he also has been executive chair of RedSeal Inc., a cybersecurity company. Between February 2014 and June 2020, he was chair and chief executive officer (CEO) of Red Seal. From 1988 to June 2013, he was a partner at venture capital (VC) firm Venrock Inc. Rothrock also is a board member of Check Point Software Technologies Ltd. (CHKP).

Scott A. Rosenberg

Scott A. Rosenberg owns a total of 28,978 Roku shares, representing 0.02% of the company's total shares outstanding. Rosenberg is senior vice president and general manager of Roku's platform business. He joined the company in 2012 as vice president of advertising, and in 2017 was appointed general manager and senior vice president of advertising. Prior to Roku, Rosenberg was CEO of Umami Co., a provider of mobile applications for online-TV viewing that he co-founded in 2010. Before that, he has held positions several companies, including at digital entertainment company Rovi Corp. and chipmaker Intel Corp. (INTC).

Top 3 Institutional Shareholders

Institutional investors hold between 64-74% of Roku's total shares outstanding.

Anthony J. Wood

Anthony J. Wood owns 20.0 million shares of Roku, representing 18.0% of total shares outstanding, according to his 13G filing for the period ending Dec. 31, 2020. Wood founded Roku in 2002 and has been CEO since then. He is considered an institutional investor because his combined direct and indirect ownership share of Roku exceeds 5% of total shares outstanding. The Securities and Exchange Commission (SEC) requires these individuals to disclose their holdings, whether directly or indirectly owned, via a 13D form or a shorter 13G form. In 2007, Wood briefly served as vice president of Internet TV at Netflix Inc. (NFLX). He was the founder of ReplayTV and served as its CEO until it was acquired in 2001. He also is chair of BrightSign LLC, a digital signage company he founded that was later spun off from Roku in 2010.


FMR owns 10.7 million shares of Roku, representing 9.6% of total shares outstanding, according to the company's 13G filing for the period ending Feb. 5, 2021. FMR is one of the nation's largest financial services companies and offers investment management, retirement options, brokerage, financial planning, and wealth management services. The company owns investment management firm Fidelity Investments, which has total discretionary AUM of approximately $3.8 trillion. The company manages a range of ETFs and mutual funds. The Fidelity Growth Company Fund (FDGRX), which has approximately $61 billion in net assets, is one of the company's mutual funds that holds shares of Roku. Roku shares comprise about 1.8% of the fund's portfolio.

Vanguard Group Inc.

Vanguard Group owns 9.0 million shares of Roku, representing 8.1% of total shares outstanding, according to the company's 13F filing for the period ending Dec. 31, 2020. The company is primarily a mutual fund and ETF management company with about $7.2 trillion in global AUM as of Jan. 31, 2021. The Vanguard Mid-Cap ETF (VO), which has about $47 billion in AUM, is one of the company's ETFs that holds shares of Roku. Roku shares comprise nearly 0.7% of the fund's assets.

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