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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
QCM
301
QRG Capital Management
Illinois
$493K +$6.68K +21 +1%
SW
302
SkyOak Wealth
Michigan
$486K – – –
SCM
303
Shelton Capital Management
Colorado
$457K -$20.1K -63 -4%
YMRC
304
Yorktown Management & Research Company
Virginia
$454K – – –
AA
305
Armis Advisers
Georgia
$450K +$442K +1,389 New
HW
306
Hancock Whitney
Mississippi
$437K +$429K +1,347 New
BFO
307
Boston Family Office
Massachusetts
$433K – – –
IAIM
308
International Assets Investment Management
Florida
$430K -$113M -353,742 -100%
LAM
309
LECAP Asset Management
United Kingdom
$429K +$421K +1,324 New
WLG
310
Williamson Legacy Group
Indiana
$427K +$419K +1,318 New
OSAM
311
O'Shaughnessy Asset Management
Connecticut
$405K +$171K +536 +75%
AJ
312
Ashburton (Jersey)
Jersey
$399K – – –
OAM
313
Oppenheimer Asset Management
New York
$396K -$57.3K -180 -13%
Envestnet Portfolio Solutions
314
Envestnet Portfolio Solutions
Illinois
$394K -$137K -430 -26%
MG
315
Marex Group
$393K +$385K +1,211 New
CWIG
316
Chung Wu Investment Group
Texas
$389K +$382K +1,200 New
CWS
317
Confluence Wealth Services
Pennsylvania
$372K – – –
TC
318
TownSquare Capital
Utah
$371K +$50.9K +160 +16%
Lazard Asset Management
319
Lazard Asset Management
New York
$369K -$140K -440 -28%
CIBC Asset Management
320
CIBC Asset Management
Ontario, Canada
$363K +$18.8K +59 +6%
MLM
321
Mount Lucas Management
Pennsylvania
$359K -$74.5K -234 -17%
ECM
322
Everence Capital Management
Indiana
$357K +$350K +1,100 New
FTWA
323
Fifth Third Wealth Advisors
Ohio
$350K -$4.14K -13 -1%
PAS
324
Park Avenue Securities
New York
$340K -$266K -837 -44%
BC
325
Bridgefront Capital
Texas
$336K +$329K +1,035 New
11 12
13
14 15

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.