Dark Forest Capital Management’s Duolingo DUOL Stock Holding History

Dark Forest Capital Management’s Portfolio DUOL Stock Details DUOL Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-1,642	Closed	-$288K	–	880
2025 Q4	$288K	Sell	1,642 -2,515	-61%	-$593K	0.01%	882
2025 Q3	$1.34M	Buy	+4,157	New	+$1.39M	0.05%	624
2025 Q2	–	Sell	-920	Closed	-$286K	–	1259
2025 Q1	$286K	Buy	+920	New	+$315K	0.01%	1077
2024 Q2	–	Sell	-6,156	Closed	-$1.36M	–	712
2024 Q1	$1.36M	Buy	+6,156	New	+$1.25M	0.23%	78
2023 Q4	–	Sell	-2,834	Closed	-$470K	–	641
2023 Q3	$470K	Sell	2,834 -702	-20%	-$103K	0.04%	743
2023 Q2	$505K	Buy	3,536 +3,391	+2,339%	+$486K	0.05%	628
2023 Q1	$20.7K	Buy	145 +144	+14,400%	+$14.8K	0.01%	960
2022 Q4	$71	Sell	1 -31	-97%	-$2.42K	﹤0.01%	1084
2022 Q3	$3K	Sell	32 -61	-66%	-$5.94K	﹤0.01%	965
2022 Q2	$8K	Sell	93 -68	-42%	-$6.01K	﹤0.01%	559
2022 Q1	$15K	Sell	161 -1,295	-89%	-$117K	﹤0.01%	874
2021 Q4	$154K	Buy	+1,456	New	+$201K	0.06%	275

Other funds holding DUOL

Baillie Gifford & Co Edinburgh, United Kingdom $97.9B AUM 20.73% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

Two Sigma Investments New York $124B AUM 33.93% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Federated Hermes Pittsburgh, Pennsylvania $61.5B AUM 30.7% 1-Year Est. Return

SOMRS

State of Michigan Retirement System Lansing, Michigan $18.9B AUM 27.96% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Dark Forest Capital Management's DUOL Position: Q1 2026 in Review

Dark Forest Capital Management sold out of Duolingo (DUOL) in Q1 2026, closing a stake of 1,642 shares — an estimated $288K sold.

Dark Forest Capital Management first reported a position in DUOL in Q4 2021 and held it in 12 quarters. The position peaked at $1.36M in Q1 2024. 370 funds tracked by Wall St. Rank hold DUOL as of Q1 2026.

Dark Forest Capital Management reported no remaining Duolingo position as of Q1 2026 after selling out during the quarter.
Dark Forest Capital Management sold 1,642 Duolingo shares in Q1 2026, an estimated $288K.
Dark Forest Capital Management first reported a position in Duolingo in Q4 2021 and held it in 12 quarters.
Dark Forest Capital Management's Duolingo position peaked at $1.36M in Q1 2024.
370 funds tracked by Wall St. Rank held Duolingo as of Q1 2026.

Based on Dark Forest Capital Management's 13F filing for Q1 2026, filed 15 May 2026.