Duolingo
DUOL
430 hedge funds and large institutions have $4.62B invested in Duolingo in 2026 Q2 according to their latest regulatory filings, with 122 funds opening new positions, 142 increasing their positions, 123 reducing their positions, and 57 closing their positions.
114% more first-time investments, than exits
New positions opened: 122 | Existing positions closed: 57
21% more capital invested
Capital invested by funds: $3.81B → $4.62B (+$802M)
16% more funds holding
Funds holding: 370 → 430 (+60)
15% more repeat investments, than reductions
Existing positions increased: 142 | Existing positions reduced: 123
15.03% more ownership
Funds ownership: 96.51% → 111.54% (+15%)
8% less call options, than puts
Call options by funds: $376M | Put options by funds: $410M
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
California State Teachers Retirement System (CalSTRS)
West Sacramento,
California
|
+$556M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$243M |
| 3 |
Squarepoint
New York
|
+$33.1M |
| 4 |
Goldman Sachs
New York
|
+$29.8M |
| 5 |
Two Sigma Investments
New York
|
+$25.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$54.5M |
| 2 |
Morgan Stanley
New York
|
-$49M |
| 3 |
Renaissance Technologies
New York
|
-$42.9M |
| 4 |
Voloridge Investment Management
Jupiter,
Florida
|
-$42.3M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$29.7M |
DUOL Hedge Fund Activity: Q2 2026 in Review
430 of the 8,281 institutional investors tracked by Wall St. Rank reported a position in Duolingo (DUOL) for Q2 2026, worth a combined $4.62B — up 21% from $3.81B a quarter earlier.
Buyers outnumbered sellers: 122 funds opened new DUOL positions and 57 closed out — a net gain of 65 holders — while 142 added to existing stakes and 123 trimmed.
The largest buyer was California State Teachers Retirement System (CalSTRS), adding an estimated $556M. The largest seller was Jane Street, cutting an estimated $54.5M.
- 430 institutional investors held Duolingo (DUOL) as of Q2 2026, up from 370 in Q1 2026.
- Funds reported $4.62B of Duolingo stock for Q2 2026, up 21% quarter-over-quarter.
- 122 funds opened new Duolingo positions in Q2 2026 and 57 closed out, a net change of +65 holders.
- The largest Duolingo buyer in Q2 2026 was California State Teachers Retirement System (CalSTRS), an estimated $556M added.
- The largest Duolingo seller in Q2 2026 was Jane Street, an estimated $54.5M sold.
Based on aggregated 13F filings for Q2 2026.