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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
State of Tennessee, Department of Treasury
126
State of Tennessee, Department of Treasury
Tennessee
$5.2M -$303K -952 -6%
JF
127
Jump Financial
Illinois
$5.11M -$10.8M -33,778 -68%
HIM
128
Hillsdale Investment Management
Ontario, Canada
$5.09M -$2.53M -7,950 -34%
Comerica Bank
129
Comerica Bank
Texas
$5.08M -$188K -590 -4%
CAPTRUST Financial Advisors
130
CAPTRUST Financial Advisors
North Carolina
$4.98M +$790K +2,483 +19%
Janus Henderson Group
131
Janus Henderson Group
United Kingdom
$4.93M +$191K +600 +4%
EGI
132
EAM Global Investors
California
$4.82M +$4.73M +14,851 New
PAMP
133
Polar Asset Management Partners
Ontario, Canada
$4.73M +$4.65M +14,600 New
VCM
134
Voleon Capital Management
California
$4.44M +$4.36M +13,706 New
GFM
135
GF Fund Management
China
$4.34M +$4.26M +13,400 New
YCM
136
Yousif Capital Management
Michigan
$4.34M -$132K -414 -3%
PFSRSONJ
137
Police & Firemen's Retirement System of New Jersey
New Jersey
$4.32M +$4.24M +13,311 New
Caisse de Depot et Placement du Quebec (CDPQ)
138
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$4.27M +$769K +2,416 +22%
ERSOT
139
Employees Retirement System of Texas
Texas
$4.19M – – –
Ohio Public Employees Retirement System (OPERS)
140
Ohio Public Employees Retirement System (OPERS)
Ohio
$4.14M +$4.06M +12,770 New
FC
141
FORA Capital
Florida
$4.05M +$1.68M +5,288 +73%
State of New Jersey Common Pension Fund D
142
State of New Jersey Common Pension Fund D
New Jersey
$3.96M +$95.5K +300 +3%
ACM
143
Aubrey Capital Management
United Kingdom
$3.95M -$414K -1,300 -10%
WIM
144
WIM Investment Management
Hong Kong
$3.81M – – –
LCG
145
Lisanti Capital Growth
New York
$3.79M +$12.7K +40 +0.3%
Carson Wealth (CWM LLC)
146
Carson Wealth (CWM LLC)
Nebraska
$3.6M +$144K +452 +4%
PP
147
PDT Partners
New York
$3.6M +$2.83M +8,902 +405%
NIA
148
NIA Impact Advisors
California
$3.6M +$112K +351 +3%
FAM
149
Fred Alger Management
New York
$3.59M -$1.19M -3,727 -25%
IC
150
IEQ Capital
California
$3.57M +$1.88M +5,919 +116%
4 5
6
7 8

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.