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Duolingo
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458 hedge funds and large institutions have $11.7B invested in Duolingo in 2024 Q4 according to their latest regulatory filings, with 106 funds opening new positions, 160 increasing their positions, 145 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

221% more first-time investments, than exits

New positions opened: 106 | Existing positions closed: 33

17% more funds holding

Funds holding: 390 → 458 (+68)

16% more capital invested

Capital invested by funds: $10.2B → $11.7B (+$1.58B)

10% more repeat investments, than reductions

Existing positions increased: 160 | Existing positions reduced: 145

10% less call options, than puts

Call options by funds: $170M | Put options by funds: $189M

1.66% less ownership

Funds ownership: 97.2% → 95.54% (-1.7%)

7% less funds holding in top 10

Funds holding in top 10: 15 → 14 (-1)

Holders
458
Holders Change
+68
Holders Change %
+17.44%
% of All Funds
6.03%
Holding in Top 10
14
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-6.67%
% of All Funds
0.18%
New
106
Increased
160
Reduced
145
Closed
33
Calls
$170M
Puts
$189M
Net Calls
-$18.5M
Net Calls Change
-$12.7M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$338M
2
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
+$127M
3
Invesco
Invesco
Georgia
+$120M
4
BlackRock
BlackRock
New York
+$62.7M
5
Norges Bank
Norges Bank
Norway
+$55.4M

Top Sellers

1
DCP
Durable Capital Partners
Maryland
-$226M
2
DIG
Dragoneer Investment Group
California
-$151M
3
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$147M
4
AllianceBernstein
AllianceBernstein
Tennessee
-$143M
5
IAIM
International Assets Investment Management
Florida
-$113M
Name Holding Trade Value Shares
Change 		Change in
Stake
CFM
276
Catalyst Funds Management
Australia
$657K +$644K +2,025 New
URS
277
Utah Retirement Systems
Utah
$648K – – –
Schroder Investment Management Group
278
Schroder Investment Management Group
United Kingdom
$647K -$976K -3,066 -61%
MOS
279
MGO One Seven
Ohio
$646K +$634K +1,993 New
HCA
280
Harbour Capital Advisors
Virginia
$643K +$85.9K +270 +17%
CFGS
281
Concourse Financial Group Securities
Alabama
$615K -$172K -541 -23%
HighTower Advisors
282
HighTower Advisors
Illinois
$596K +$118K +370 +25%
AIA
283
AssuredPartners Investment Advisors
Florida
$595K +$584K +1,835 New
PCA
284
Pallas Capital Advisors
Massachusetts
$584K +$3.82K +12 +0.7%
ProShare Advisors
285
ProShare Advisors
Maryland
$575K +$44.6K +140 +9%
DWM
286
Dakota Wealth Management
Florida
$573K +$202K +635 +56%
JIC
287
Joel Isaacson & Co
New York
$562K – – –
Mercer Global Advisors
288
Mercer Global Advisors
Colorado
$558K +$36.6K +115 +7%
TRCT
289
Tower Research Capital (TRC)
New York
$550K -$198K -622 -27%
SPA
290
Sherbrooke Park Advisers
New York
$549K +$539K +1,694 New
M&T Bank
291
M&T Bank
New York
$547K +$236K +741 +78%
EI
292
Ethic Inc
New York
$546K +$536K +1,684 New
MF
293
Magnetar Financial
Illinois
$544K +$534K +1,677 New
LCM
294
Legato Capital Management
California
$533K +$150K +470 +40%
Vontobel Holding
295
Vontobel Holding
Switzerland
$520K -$25.1K -79 -5%
CRC
296
Curi RMB Capital
Illinois
$516K – – –
CAM
297
Cidel Asset Management
Ontario, Canada
$511K – – –
Focus Partners Wealth
298
Focus Partners Wealth
Massachusetts
$511K +$501K +1,575 New
LI
299
LVZ Inc
Michigan
$510K +$68.7K +216 +16%
WA
300
Waverly Advisors
Alabama
$501K +$491K +1,544 New
10 11
12
13 14

DUOL Hedge Fund Activity: Q4 2024 in Review

458 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Duolingo (DUOL) for Q4 2024, worth a combined $11.7B — up 16% from $10.2B a quarter earlier.

Buyers outnumbered sellers: 106 funds opened new DUOL positions and 33 closed out — a net gain of 73 holders — while 160 added to existing stakes and 145 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $338M. The largest seller was Durable Capital Partners, cutting an estimated $226M.

  • 458 institutional investors held Duolingo (DUOL) as of Q4 2024, up from 390 in Q3 2024.
  • Funds reported $11.7B of Duolingo stock for Q4 2024, up 16% quarter-over-quarter.
  • 106 funds opened new Duolingo positions in Q4 2024 and 33 closed out, a net change of +73 holders.
  • The largest Duolingo buyer in Q4 2024 was Fidelity Investments, an estimated $338M added.
  • The largest Duolingo seller in Q4 2024 was Durable Capital Partners, an estimated $226M sold.

Based on aggregated 13F filings for Q4 2024.