Duolingo
DUOL
370 hedge funds and large institutions have $3.81B invested in Duolingo in 2026 Q1 according to their latest regulatory filings, with 58 funds opening new positions, 166 increasing their positions, 112 reducing their positions, and 155 closing their positions.
48% more repeat investments, than reductions
Existing positions increased: 166 | Existing positions reduced: 112
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
2.09% more ownership
Funds ownership: 94.42% → 96.51% (+2.1%)
8% more call options, than puts
Call options by funds: $429M | Put options by funds: $397M
22% less funds holding
Funds holding: 474 → 370 (-104)
43% less capital invested
Capital invested by funds: $6.64B → $3.81B (-$2.83B)
63% less first-time investments, than exits
New positions opened: 58 | Existing positions closed: 155
Top Buyers
| 1 |
Two Sigma Investments
New York
|
+$150M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$144M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
+$139M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$137M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$97M |
Top Sellers
DUOL Hedge Fund Activity: Q1 2026 in Review
370 of the 8,125 institutional investors tracked by Wall St. Rank reported a position in Duolingo (DUOL) for Q1 2026, worth a combined $3.81B — down 43% from $6.64B a quarter earlier.
Sellers outnumbered buyers: 155 funds closed out of DUOL and 58 opened new positions — a net loss of 97 holders — while 112 trimmed existing stakes and 166 added.
The largest buyer was Two Sigma Investments, adding an estimated $150M. The largest seller was Capital World Investors, exiting entirely with an estimated $393M sold.
- 370 institutional investors held Duolingo (DUOL) as of Q1 2026, down from 474 in Q4 2025.
- Funds reported $3.81B of Duolingo stock for Q1 2026, down 43% quarter-over-quarter.
- 58 funds opened new Duolingo positions in Q1 2026 and 155 closed out, a net change of -97 holders.
- The largest Duolingo buyer in Q1 2026 was Two Sigma Investments, an estimated $150M added.
- The largest Duolingo seller in Q1 2026 was Capital World Investors, an estimated $393M sold.
Based on aggregated 13F filings for Q1 2026.