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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
ECM
76
Engle Capital Management
Connecticut
$5.14M +$4.56M +31,000 New
AG
77
Algert Global
California
$4.77M -$227K -1,540 -5%
Legal & General Group
78
Legal & General Group
United Kingdom
$4.76M +$529K +3,599 +14%
PC
79
Pier Capital
Connecticut
$4.74M -$118K -805 -3%
Barclays
80
Barclays
United Kingdom
$4.63M -$4.64M -31,542 -53%
Ameriprise
81
Ameriprise
Minnesota
$4.46M +$2.13M +14,503 +117%
ACM
82
Arthedge Capital Management
New York
$4.43M +$3.93M +26,700 New
PP
83
PDT Partners
New York
$4.19M -$4.85K -33 -0.1%
LCG
84
Lisanti Capital Growth
New York
$4.06M +$1.96M +13,345 +120%
PCM
85
Penserra Capital Management
California
$4.05M +$3.59M +24,396 New
AO
86
Allen Operations
New York
$3.92M – – –
AR
87
Advisory Research
Illinois
$3.92M +$1.81M +12,321 +109%
Mitsubishi UFJ Asset Management
88
Mitsubishi UFJ Asset Management
Japan
$3.89M +$5K +34 +0.1%
Citadel Advisors
89
Citadel Advisors
Florida
$3.74M -$13.4M -91,161 -80%
AQR Capital Management
90
AQR Capital Management
Connecticut
$3.73M +$2.29M +15,543 +223%
TD Asset Management
91
TD Asset Management
Ontario, Canada
$3.4M – – –
UBS Group
92
UBS Group
Switzerland
$3.34M -$21.9K -149 -0.7%
KSWA
93
Kathleen S. Wright Associates
Pennsylvania
$3.04M -$482K -3,280 -15%
State of New Jersey Common Pension Fund D
94
State of New Jersey Common Pension Fund D
New Jersey
$2.92M +$150K +1,019 +6%
Susquehanna International Group
95
Susquehanna International Group
Pennsylvania
$2.91M -$3.82M -25,989 -60%
Manulife (Manufacturers Life Insurance)
96
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$2.73M +$700K +4,758 +41%
Janus Henderson Group
97
Janus Henderson Group
United Kingdom
$2.66M +$546K +3,712 +30%
Deutsche Bank
98
Deutsche Bank
Germany
$2.54M -$72.6M -493,281 -97%
Carson Wealth (CWM LLC)
99
Carson Wealth (CWM LLC)
Nebraska
$2.53M +$2.24M +15,230 +63,458%
MIM
100
MetLife Investment Management
New Jersey
$2.52M – – –
2 3
4
5 6

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.