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Duolingo
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585 hedge funds and large institutions have $15.8B invested in Duolingo in 2025 Q2 according to their latest regulatory filings, with 167 funds opening new positions, 236 increasing their positions, 136 reducing their positions, and 49 closing their positions.

New
Increased
Maintained
Reduced
Closed

241% more first-time investments, than exits

New positions opened: 167 | Existing positions closed: 49

74% more repeat investments, than reductions

Existing positions increased: 236 | Existing positions reduced: 136

38% more capital invested

Capital invested by funds: $11.4B → $15.8B (+$4.33B)

24% more funds holding

Funds holding: 471 → 585 (+114)

3.6% more ownership

Funds ownership: 94.42% → 98.03% (+3.6%)

33% less funds holding in top 10

Funds holding in top 10: 12 → 8 (-4)

38% less call options, than puts

Call options by funds: $253M | Put options by funds: $410M

Holders
585
Holders Change
+114
Holders Change %
+24.2%
% of All Funds
7.7%
Holding in Top 10
8
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-33.33%
% of All Funds
0.11%
New
167
Increased
236
Reduced
136
Closed
49
Calls
$253M
Puts
$410M
Net Calls
-$156M
Net Calls Change
-$151M

Top Buyers

Rank Fund Capital Flow
1
Capital World Investors
Capital World Investors
California
+$411M
2
BlackRock
BlackRock
New York
+$274M
3
Two Sigma Advisers
Two Sigma Advisers
New York
+$254M
4
Two Sigma Investments
Two Sigma Investments
New York
+$247M
5
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$218M

Top Sellers

Rank Fund Capital Flow
1
DIG
Dragoneer Investment Group
California
-$388M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$349M
3
DCP
Durable Capital Partners
Maryland
-$272M
4
Invesco
Invesco
Georgia
-$250M
5
WRCM
Whale Rock Capital Management
Massachusetts
-$184M
Name Holding Trade Value Shares
Change 		Change in
Stake
KIM
551
Kestra Investment Management
Texas
$2.48K – – –
NEWAS
552
N.E.W. Advisory Services
Wisconsin
$2.46K +$2.63K +6 New
HFS
553
Hughes Financial Services
Virginia
$2.06K +$1.75K +4 +200%
WA
554
WPG Advisers
Maryland
$2.05K -$439 -1 -17%
FNWA
555
Financial Network Wealth Advisors
Utah
$2.05K – – –
CAL
556
Capital Advisors Ltd
Ohio
$2K – – –
RMC
557
Resources Management Corp
Connecticut
$2K – – –
WCM
558
Winthrop Capital Management
Indiana
$2K – – –
AW
559
Avion Wealth
Texas
$2K +$1.75K +4 +400%
JWA
560
JFS Wealth Advisors
Pennsylvania
$1.64K +$1.75K +4 New
WA
561
Whipplewood Advisors
Colorado
$1.64K -$22.8K -52 -93%
PTC
562
Private Trust Company
Ohio
$1.64K +$1.75K +4 New
SIC
563
SJS Investment Consulting
Ohio
$1.23K +$439 +1 +50%
DWA
564
Delos Wealth Advisors
Texas
$1.23K +$1.32K +3 New
TPCW
565
TD Private Client Wealth
New York
$1.23K -$439 -1 -25%
BWL
566
Bogart Wealth LLC
Virginia
$1.23K +$1.32K +3 New
FFO
567
Fortitude Family Office
Arizona
$1.23K +$1.32K +3 New
RF
568
Rossby Financial
Florida
$1.23K +$1.32K +3 New
TIM
569
Tortoise Investment Management
New York
$1.23K +$1.32K +3 New
BF
570
BOK Financial
Oklahoma
$820 – – –
AF
571
Advisornet Financial
Minnesota
$820 +$439 +1 +100%
BFS
572
Bare Financial Services
Pennsylvania
$820 +$878 +2 New
CPG
573
Cornerstone Planning Group
New Jersey
$681 – – –
DF
574
Dunhill Financial
United Kingdom
$493 +$439 +1 New
ACA
575
American Capital Advisory
Idaho
$411 – – –
21 22
23
24 25

DUOL Hedge Fund Activity: Q2 2025 in Review

585 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Duolingo (DUOL) for Q2 2025, worth a combined $15.8B — up 38% from $11.4B a quarter earlier.

Buyers outnumbered sellers: 167 funds opened new DUOL positions and 49 closed out — a net gain of 118 holders — while 236 added to existing stakes and 136 trimmed.

The largest buyer was Capital World Investors, adding an estimated $411M. The largest seller was Dragoneer Investment Group, cutting an estimated $388M.

  • 585 institutional investors held Duolingo (DUOL) as of Q2 2025, up from 471 in Q1 2025.
  • Funds reported $15.8B of Duolingo stock for Q2 2025, up 38% quarter-over-quarter.
  • 167 funds opened new Duolingo positions in Q2 2025 and 49 closed out, a net change of +118 holders.
  • The largest Duolingo buyer in Q2 2025 was Capital World Investors, an estimated $411M added.
  • The largest Duolingo seller in Q2 2025 was Dragoneer Investment Group, an estimated $388M sold.

Based on aggregated 13F filings for Q2 2025.