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Duolingo

471 hedge funds and large institutions have $11.4B invested in Duolingo in 2025 Q1 according to their latest regulatory filings, with 94 funds opening new positions, 185 increasing their positions, 148 reducing their positions, and 75 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 94 | Existing positions closed: 75

25% more repeat investments, than reductions

Existing positions increased: 185 | Existing positions reduced: 148

3% more funds holding

Funds holding: 458471 (+13)

2% less capital invested

Capital invested by funds: $11.7B → $11.4B (-$293M)

3% less call options, than puts

Call options by funds: $176M | Put options by funds: $181M

1.12% less ownership

Funds ownership: 95.54%94.42% (-1.1%)

14% less funds holding in top 10

Funds holding in top 10: 1412 (-2)

Holders
471
Holders Change
+13
Holders Change %
+2.84%
% of All Funds
6.32%
Holding in Top 10
12
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-14.29%
% of All Funds
0.16%
New
94
Increased
185
Reduced
148
Closed
75
Calls
$176M
Puts
$181M
Net Calls
-$5.26M
Net Calls Change
+$13.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Treasurer of the State of North Carolina
126
Treasurer of the State of North Carolina
North Carolina
$5.35M +$298K +870 +5%
Millennium Management
127
Millennium Management
New York
$5.2M -$707K -2,066 -11%
VOYA Investment Management
128
VOYA Investment Management
Georgia
$5.03M -$3.44M -10,060 -38%
Raymond James Financial
129
Raymond James Financial
Florida
$4.92M -$1.62M -4,742 -23%
AFA
130
Abacus FCF Advisors
Florida
$4.9M +$5.4M +15,792 New
Artisan Partners
131
Artisan Partners
Wisconsin
$4.84M +$5.33M +15,583 New
CIS
132
Capital International Sarl
California
$4.77M +$5.25M +15,365 New
Comerica Bank
133
Comerica Bank
Texas
$4.73M -$145K -424 -3%
Walleye Capital
134
Walleye Capital
New York
$4.71M +$1.78M +5,216 +52%
State of Tennessee, Department of Treasury
135
State of Tennessee, Department of Treasury
Tennessee
$4.67M -$342K -1,000 -6%
MCM
136
Maytus Capital Management
New York
$4.67M +$5.14M +15,027 New
EGI
137
EAM Global Investors
California
$4.61M +$1.37K +4 +0%
FGP
138
Freestone Grove Partners
California
$4.53M +$4.99M +14,582 New
Susquehanna International Group
139
Susquehanna International Group
Pennsylvania
$4.51M +$4.74M +13,860 +2,106%
DPL
140
Danica Pension Livsforsikrings
$4.34M +$2.85M +8,330 +148%
LCM
141
Landscape Capital Management
New Jersey
$4.29M +$1.67M +4,879 +55%
PFSRSONJ
142
Police & Firemen's Retirement System of New Jersey
New Jersey
$4.23M +$104K +304 +2%
YCM
143
Yousif Capital Management
Michigan
$4.08M -$83.8K -245 -2%
ERSOT
144
Employees Retirement System of Texas
Texas
$4.01M
Wells Fargo
145
Wells Fargo
California
$3.88M +$2.23M +6,530 +110%
JFG
146
Jefferies Financial Group
New York
$3.77M +$4.15M +12,148 New
Prudential Financial
147
Prudential Financial
New Jersey
$3.75M -$22.9M -66,918 -85%
State of New Jersey Common Pension Fund D
148
State of New Jersey Common Pension Fund D
New Jersey
$3.65M -$156K -455 -4%
NRD
149
Nebula Research & Development
New York
$3.64M +$1.43M +4,187 +56%
Ohio Public Employees Retirement System (OPERS)
150
Ohio Public Employees Retirement System (OPERS)
Ohio
$3.6M -$404K -1,182 -9%

DUOL Hedge Fund Activity: Q1 2025 in Review

471 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Duolingo (DUOL) for Q1 2025, worth a combined $11.4B — down 2.5% from $11.7B a quarter earlier.

Buyers outnumbered sellers: 94 funds opened new DUOL positions and 75 closed out — a net gain of 19 holders — while 185 added to existing stakes and 148 trimmed.

The largest buyer was Capital World Investors, opening a new position worth an estimated $464M. The largest seller was Durable Capital Partners, cutting an estimated $214M.

  • 471 institutional investors held Duolingo (DUOL) as of Q1 2025, up from 458 in Q4 2024.
  • Funds reported $11.4B of Duolingo stock for Q1 2025, down 2.5% quarter-over-quarter.
  • 94 funds opened new Duolingo positions in Q1 2025 and 75 closed out, a net change of +19 holders.
  • The largest Duolingo buyer in Q1 2025 was Capital World Investors, an estimated $464M added.
  • The largest Duolingo seller in Q1 2025 was Durable Capital Partners, an estimated $214M sold.

Based on aggregated 13F filings for Q1 2025.