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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
AQR Capital Management
51
AQR Capital Management
Connecticut
$29.1M +$294K +924 +1%
Principal Financial Group
52
Principal Financial Group
Iowa
$28.5M -$22.5M -70,843 -45%
JRP
53
Jasper Ridge Partners
California
$28.2M – – –
TCP
54
ThornTree Capital Partners
Massachusetts
$27.7M – – –
AIM
55
Allen Investment Management
New York
$25.5M – – –
SCM
56
Steadview Capital Management
United Kingdom
$24.6M +$24.2M +76,000 New
Prudential Financial
57
Prudential Financial
New Jersey
$24.3M +$9.34M +29,347 +59%
MAM
58
Mark Asset Management
New York
$24.2M -$11.4M -35,950 -33%
TC
59
TwinBeech Capital
New York
$24.2M +$23.7M +74,511 New
Universal-Beteiligungs- und Servicegesellschaft
60
Universal-Beteiligungs- und Servicegesellschaft
Germany
$22.3M +$21.9M +68,910 New
Neuberger Berman Group
61
Neuberger Berman Group
New York
$21.5M +$21.1M +66,371 New
AI
62
Aperture Investors
New York
$21.5M -$3.61M -11,345 -15%
Swiss National Bank
63
Swiss National Bank
Switzerland
$21.5M +$1.56M +4,900 +8%
Acadian Asset Management
64
Acadian Asset Management
Massachusetts
$21.4M +$20.8M +65,473 +9,196%
Jane Street
65
Jane Street
New York
$21.2M +$16.1M +50,515 +336%
TRSOTSOK
66
Teachers Retirement System of the State of Kentucky
Kentucky
$20.8M -$229K -720 -1%
Man Group
67
Man Group
United Kingdom
$20.6M -$27.8M -87,356 -58%
Pictet Asset Management
68
Pictet Asset Management
Switzerland
$20.5M -$19.8M -62,328 -50%
LWM
69
Long Walk Management
Connecticut
$20.5M -$3.52M -11,050 -15%
CPC
70
Cookson Peirce & Co
Pennsylvania
$20.5M +$20.1M +63,203 New
Legal & General Group
71
Legal & General Group
United Kingdom
$20.5M +$685K +2,152 +4%
WAM
72
WT Asset Management
Hong Kong
$20.3M +$19.9M +62,500 New
EAM
73
Erste Asset Management
Austria
$18.6M -$1.44M -4,536 -8%
California Public Employees Retirement System
74
California Public Employees Retirement System
California
$18.5M +$3.13M +9,823 +21%
Qube Research & Technologies (QRT)
75
Qube Research & Technologies (QRT)
United Kingdom
$17.8M +$17.5M +54,891 New
1 2
3
4 5

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.