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Duolingo
DUOL

242 hedge funds and large institutions have $5.35B invested in Duolingo in 2023 Q3 according to their latest regulatory filings, with 50 funds opening new positions, 85 increasing their positions, 81 reducing their positions, and 42 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more funds holding in top 10

Funds holding in top 10: 5 → 8 (+3)

19% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 42

16% more capital invested

Capital invested by funds: $4.61B → $5.35B (+$745M)

3% more funds holding

Funds holding: 236 → 242 (+6)

5% more repeat investments, than reductions

Existing positions increased: 85 | Existing positions reduced: 81

2.2% less ownership

Funds ownership: 92.76% → 90.56% (-2.2%)

18% less call options, than puts

Call options by funds: $63.6M | Put options by funds: $77.7M

Holders
242
Holders Change
+6
Holders Change %
+2.54%
% of All Funds
3.84%
Holding in Top 10
8
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+60%
% of All Funds
0.13%
New
50
Increased
85
Reduced
81
Closed
42
Calls
$63.6M
Puts
$77.7M
Net Calls
-$14.1M
Net Calls Change
-$21.6M

Top Buyers

1
Wellington Management Group
Wellington Management Group
Massachusetts
+$52.8M
2
American Century Companies
American Century Companies
Missouri
+$43.1M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$41.2M
4
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$35.4M
5
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$31.4M

Top Sellers

1
Deutsche Bank
Deutsche Bank
Germany
-$72.6M
2
DCP
Durable Capital Partners
Maryland
-$46M
3
WRCM
Whale Rock Capital Management
Massachusetts
-$35.8M
4
Morgan Stanley
Morgan Stanley
New York
-$30.2M
5
Millennium Management
Millennium Management
New York
-$28.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
BA
51
Bridgewater Associates
Connecticut
$11.5M +$1.06M +7,223 +12%
GIPM
52
G2 Investment Partners Management
New York
$11M +$6.85M +46,560 +233%
Swiss National Bank
53
Swiss National Bank
Switzerland
$10.8M +$1.29M +8,800 +16%
WP
54
Woodline Partners
California
$10.5M +$8.66M +58,909 +1,310%
ACM
55
Atika Capital Management
New York
$10.1M -$772K -5,250 -8%
AM
56
AGF Management
Ontario, Canada
$9.95M +$8.82M +60,000 New
GLA
57
Great Lakes Advisors
Illinois
$9.91M +$8.79M +59,762 New
Connor, Clark & Lunn Investment Management (CC&L)
58
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$9.74M +$604K +4,105 +8%
New York State Common Retirement Fund
59
New York State Common Retirement Fund
New York
$9.22M +$2.32M +15,781 +40%
Russell Investments Group
60
Russell Investments Group
United Kingdom
$8.9M +$2.23M +15,155 +38%
Mitsubishi UFJ Trust & Banking
61
Mitsubishi UFJ Trust & Banking
Japan
$8.61M -$101K -690 -1%
Principal Financial Group
62
Principal Financial Group
Iowa
$8.34M +$6.9M +46,905 +1,384%
SAM
63
Sycomore Asset Management
France
$7.61M +$1.88M +12,794 +35%
Capital Fund Management (CFM)
64
Capital Fund Management (CFM)
France
$7.39M +$3.82M +25,992 +140%
Bank of America
65
Bank of America
North Carolina
$7.34M -$1.9M -12,907 -23%
Millennium Management
66
Millennium Management
New York
$6.93M -$28.4M -192,892 -82%
SEI Investments
67
SEI Investments
Pennsylvania
$6.84M +$2.72M +18,519 +82%
CAM
68
Cresset Asset Management
Illinois
$6.8M +$5.79M +39,362 +2,403%
RhumbLine Advisers
69
RhumbLine Advisers
Massachusetts
$6.7M +$142K +966 +2%
CPIH
70
Consolidated Press International Holdings
Australia
$6.55M +$93.5K +636 +2%
AllianceBernstein
71
AllianceBernstein
Tennessee
$5.77M – – –
Dimensional Fund Advisors
72
Dimensional Fund Advisors
Texas
$5.74M +$3.66M +24,895 +256%
Jacobs Levy Equity Management
73
Jacobs Levy Equity Management
New Jersey
$5.56M +$2.15M +14,649 +78%
California State Teachers Retirement System (CalSTRS)
74
California State Teachers Retirement System (CalSTRS)
California
$5.38M +$34.4K +234 +0.7%
HIM
75
Hillsdale Investment Management
Ontario, Canada
$5.16M -$5.88K -40 -0.1%
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DUOL Hedge Fund Activity: Q3 2023 in Review

242 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Duolingo (DUOL) for Q3 2023, worth a combined $5.35B — up 16% from $4.61B a quarter earlier.

Buyers outnumbered sellers: 50 funds opened new DUOL positions and 42 closed out — a net gain of 8 holders — while 85 added to existing stakes and 81 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $52.8M. The largest seller was Deutsche Bank, cutting an estimated $72.6M.

  • 242 institutional investors held Duolingo (DUOL) as of Q3 2023, up from 236 in Q2 2023.
  • Funds reported $5.35B of Duolingo stock for Q3 2023, up 16% quarter-over-quarter.
  • 50 funds opened new Duolingo positions in Q3 2023 and 42 closed out, a net change of +8 holders.
  • The largest Duolingo buyer in Q3 2023 was Wellington Management Group, an estimated $52.8M added.
  • The largest Duolingo seller in Q3 2023 was Deutsche Bank, an estimated $72.6M sold.

Based on aggregated 13F filings for Q3 2023.