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Duolingo
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471 hedge funds and large institutions have $11.4B invested in Duolingo in 2025 Q1 according to their latest regulatory filings, with 94 funds opening new positions, 185 increasing their positions, 148 reducing their positions, and 75 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 94 | Existing positions closed: 75

25% more repeat investments, than reductions

Existing positions increased: 185 | Existing positions reduced: 148

3% more funds holding

Funds holding: 458 → 471 (+13)

2% less capital invested

Capital invested by funds: $11.7B → $11.4B (-$293M)

3% less call options, than puts

Call options by funds: $176M | Put options by funds: $181M

1.12% less ownership

Funds ownership: 95.54% → 94.42% (-1.1%)

14% less funds holding in top 10

Funds holding in top 10: 14 → 12 (-2)

Holders
471
Holders Change
+13
Holders Change %
+2.84%
% of All Funds
6.32%
Holding in Top 10
12
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-14.29%
% of All Funds
0.16%
New
94
Increased
185
Reduced
148
Closed
75
Calls
$176M
Puts
$181M
Net Calls
-$5.26M
Net Calls Change
+$13.3M

Top Buyers

1
Capital World Investors
Capital World Investors
California
+$464M
2
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
+$178M
3
Invesco
Invesco
Georgia
+$89.3M
4
DIG
Dragoneer Investment Group
California
+$65.6M
5
Squarepoint
Squarepoint
New York
+$59.7M

Top Sellers

1
DCP
Durable Capital Partners
Maryland
-$214M
2
WRCM
Whale Rock Capital Management
Massachusetts
-$93.3M
3
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$89.7M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$58.4M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$57.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
26
Bank of America
North Carolina
$78.9M +$32.1M +93,779 +59%
Federated Hermes
27
Federated Hermes
Pennsylvania
$78.1M -$34.1M -99,848 -28%
Morgan Stanley
28
Morgan Stanley
New York
$73.8M +$6.57M +19,207 +9%
Fuller & Thaler Asset Management
29
Fuller & Thaler Asset Management
California
$66.6M +$14M +40,812 +23%
Squarepoint
30
Squarepoint
New York
$64.2M +$59.7M +174,525 +544%
AQR Capital Management
31
AQR Capital Management
Connecticut
$61.5M +$38.2M +111,589 +124%
Two Sigma Advisers
32
Two Sigma Advisers
New York
$52.7M +$5.99M +17,500 +11%
AM
33
AGF Management
Ontario, Canada
$47.5M -$38.6M -112,857 -42%
BC
34
BIT Capital
Germany
$45.9M +$15.7M +45,962 +45%
N
35
Nuveen
North Carolina
$43M -$4.95M -14,487 -9%
1832 Asset Management
36
1832 Asset Management
Ontario, Canada
$42.6M +$41.4M +121,000 +747%
SCM
37
Steadview Capital Management
United Kingdom
$39.7M +$17.7M +51,850 +68%
JP Morgan Chase
38
JP Morgan Chase
New York
$38.5M +$3.27M +9,569 +8%
UBS Group
39
UBS Group
Switzerland
$38.4M +$23.7M +69,424 +128%
UBS AM
40
UBS AM
Illinois
$38.1M -$589K -1,723 -1%
Lord, Abbett & Co
41
Lord, Abbett & Co
New Jersey
$37.4M -$20.8M -60,915 -34%
Deutsche Bank
42
Deutsche Bank
Germany
$35.5M +$5.22M +15,261 +15%
TD Asset Management
43
TD Asset Management
Ontario, Canada
$33.4M +$4.15M +12,138 +13%
Dimensional Fund Advisors
44
Dimensional Fund Advisors
Texas
$33M +$1.56M +4,572 +4%
RhumbLine Advisers
45
RhumbLine Advisers
Massachusetts
$33M -$61.2K -179 -0.2%
JF
46
Jump Financial
Illinois
$32.5M +$30.4M +88,918 +564%
BNP Paribas Financial Markets
47
BNP Paribas Financial Markets
France
$32.3M +$25.4M +74,223 +248%
First Trust Advisors
48
First Trust Advisors
Illinois
$32.3M -$25M -73,073 -41%
PCM
49
Peregrine Capital Management
Minnesota
$30.6M -$6.47M -18,910 -16%
Ameriprise
50
Ameriprise
Minnesota
$29.6M +$16.4M +47,870 +101%
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DUOL Hedge Fund Activity: Q1 2025 in Review

471 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Duolingo (DUOL) for Q1 2025, worth a combined $11.4B — down 2.5% from $11.7B a quarter earlier.

Buyers outnumbered sellers: 94 funds opened new DUOL positions and 75 closed out — a net gain of 19 holders — while 185 added to existing stakes and 148 trimmed.

The largest buyer was Capital World Investors, opening a new position worth an estimated $464M. The largest seller was Durable Capital Partners, cutting an estimated $214M.

  • 471 institutional investors held Duolingo (DUOL) as of Q1 2025, up from 458 in Q4 2024.
  • Funds reported $11.4B of Duolingo stock for Q1 2025, down 2.5% quarter-over-quarter.
  • 94 funds opened new Duolingo positions in Q1 2025 and 75 closed out, a net change of +19 holders.
  • The largest Duolingo buyer in Q1 2025 was Capital World Investors, an estimated $464M added.
  • The largest Duolingo seller in Q1 2025 was Durable Capital Partners, an estimated $214M sold.

Based on aggregated 13F filings for Q1 2025.