State of Michigan Retirement System’s Duolingo DUOL Stock Holding History

State of Michigan Retirement System’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 Q2	$150M	Buy	1,306,107 +112,800	+9%	+$12.3M	0.67%	28
2026 Q1	$118M	Buy	1,193,307 +632,807	+113%	+$78M	0.62%	27
2025 Q4	$98.4M	Buy	560,500 +551,000	+5,800%	+$130M	0.48%	30
2025 Q3	$3.06M	Buy	9,500 +100	+1%	+$33.4K	0.01%	544
2025 Q2	$3.85M	Buy	9,400 +300	+3%	+$132K	0.02%	475
2025 Q1	$2.83M	Buy	9,100 +100	+1%	+$34.2K	0.02%	539
2024 Q4	$2.92M	Buy	9,000 +100	+1%	+$31.8K	0.02%	543
2024 Q3	$2.51M	Hold	8,900	–	–	0.01%	587
2024 Q2	$1.86M	Buy	+8,900	New	+$1.82M	0.01%	656

Other funds holding DUOL

Baillie Gifford & Co Edinburgh, United Kingdom $110B AUM 4.8% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

AQR Capital Management Greenwich, Connecticut $287B AUM 42.33% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Two Sigma Investments New York $138B AUM 41.87% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $139B AUM 29.06% 1-Year Est. Return

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

Federated Hermes Pittsburgh, Pennsylvania $69.6B AUM 42.52% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

State of Michigan Retirement System's DUOL Position: Q2 2026 in Review

State of Michigan Retirement System increased its Duolingo (DUOL) stake by 9.5% in Q2 2026, buying an estimated $12.3M and bringing the position to 1,306,107 shares worth $150M. The position accounts for 0.67% of the portfolio, ranked #28.

State of Michigan Retirement System first reported a position in DUOL in Q2 2024 and has held it in 9 quarters since. 435 funds tracked by Wall St. Rank hold DUOL as of Q2 2026.

State of Michigan Retirement System held 1,306,107 shares of Duolingo worth $150M as of Q2 2026.
State of Michigan Retirement System bought 112,800 Duolingo shares in Q2 2026, an estimated $12.3M.
Duolingo made up 0.67% of State of Michigan Retirement System's portfolio in Q2 2026, its #28 holding.
State of Michigan Retirement System first reported a position in Duolingo in Q2 2024 and has held it in 9 quarters since.
435 funds tracked by Wall St. Rank held Duolingo as of Q2 2026.

Based on State of Michigan Retirement System's 13F filing for Q2 2026, filed 30 Jul 2026.