ThornTree Capital Partners’s Duolingo DUOL Stock Holding History

ThornTree Capital Partners’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	-184,867	Closed	-$32.4M	–	18
2025 Q4	$32.4M	Buy	+184,867	New	+$43.6M	5.43%	11
2025 Q1	–	Sell	-85,532	Closed	-$27.7M	–	22
2024 Q4	$27.7M	Hold	85,532	–	–	3.6%	13
2024 Q3	$24.1M	Hold	85,532	–	–	4.01%	11
2024 Q2	$17.8M	Hold	85,532	–	–	3.04%	18
2024 Q1	$18.9M	Hold	85,532	–	–	3.18%	15
2023 Q4	$19.4M	Sell	85,532 -6,770	-7%	-$1.32M	3.19%	14
2023 Q3	$15.3M	Hold	92,302	–	–	4%	12
2023 Q2	$13.2M	Sell	92,302 -24,204	-21%	-$3.47M	3.14%	17
2023 Q1	$16.6M	Sell	116,506 -11,149	-9%	-$1.15M	4.13%	13
2022 Q4	$9.08M	Sell	127,655 -43,870	-26%	-$3.43M	2.99%	15
2022 Q3	$16.3M	Sell	171,525 -30,248	-15%	-$2.94M	5.57%	10
2022 Q2	$17.7M	Sell	201,773 -109,234	-35%	-$9.65M	6.92%	8
2022 Q1	$29.6M	Buy	311,007 +87,353	+39%	+$7.89M	6.48%	3
2021 Q4	$23.7M	Buy	223,654 +139,475	+166%	+$19.2M	4.59%	8
2021 Q3	$14M	Buy	+84,179	New	+$12.8M	1.98%	24

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

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

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

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

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

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

SOMRS

State of Michigan Retirement System Lansing, Michigan $22.6B AUM 40.24% 1-Year Est. Return

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

ThornTree Capital Partners's DUOL Position: Q1 2026 in Review

ThornTree Capital Partners sold out of Duolingo (DUOL) in Q1 2026, closing a stake of 184,867 shares — an estimated $32.4M sold.

ThornTree Capital Partners first reported a position in DUOL in Q3 2021 and held it in 15 quarters. The position peaked at $32.4M in Q4 2025. 370 funds tracked by Wall St. Rank hold DUOL as of Q1 2026.

ThornTree Capital Partners reported no remaining Duolingo position as of Q1 2026 after selling out during the quarter.
ThornTree Capital Partners sold 184,867 Duolingo shares in Q1 2026, an estimated $32.4M.
ThornTree Capital Partners first reported a position in Duolingo in Q3 2021 and held it in 15 quarters.
ThornTree Capital Partners's Duolingo position peaked at $32.4M in Q4 2025.
370 funds tracked by Wall St. Rank held Duolingo as of Q1 2026.

Based on ThornTree Capital Partners's 13F filing for Q1 2026, filed 15 May 2026.