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Duolingo
DUOL

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
AIMCA
151
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$3.51M +$509K +1,600 +17%
NG
152
NWK Group
California
$3.4M +$3.34M +10,501 New
LSERS
153
Louisiana State Employees Retirement System
Louisiana
$3.4M +$31.8K +100 +1%
Teacher Retirement System of Texas
154
Teacher Retirement System of Texas
Texas
$3.4M +$2.03M +6,389 +157%
ZIM
155
Zacks Investment Management
Illinois
$3.39M -$85.6K -269 -3%
Verition Fund Management
156
Verition Fund Management
Connecticut
$3.32M -$6.65M -20,905 -67%
Rockefeller Capital Management
157
Rockefeller Capital Management
New York
$3.29M -$1.68M -5,263 -34%
Lido Advisors
158
Lido Advisors
California
$3.28M +$9.55K +30 +0.3%
Citigroup
159
Citigroup
New York
$3.23M -$8.49M -26,673 -73%
Walleye Capital
160
Walleye Capital
New York
$3.23M +$2.65M +8,311 +506%
ASRS
161
Arizona State Retirement System
Arizona
$3.17M +$230K +723 +8%
Handelsbanken Fonder
162
Handelsbanken Fonder
Sweden
$3.11M -$127K -400 -4%
PI
163
PineBridge Investments
New York
$2.97M +$873K +2,743 +43%
FC
164
Franchise Capital
Cayman Islands
$2.97M +$2.92M +9,163 New
SOMRS
165
State of Michigan Retirement System
Michigan
$2.92M +$31.8K +100 +1%
LCM
166
Landscape Capital Management
New Jersey
$2.9M -$144K -454 -5%
Thrivent Financial for Lutherans
167
Thrivent Financial for Lutherans
Minnesota
$2.89M +$38.8K +122 +1%
Cetera Investment Advisers
168
Cetera Investment Advisers
Illinois
$2.81M -$785K -2,465 -22%
MFG
169
Merit Financial Group
Georgia
$2.8M +$217K +683 +9%
MCM
170
Massar Capital Management
Connecticut
$2.74M +$2.69M +8,437 New
NMIMC
171
Northwestern Mutual Investment Management Company
Wisconsin
$2.73M +$37.2K +117 +1%
COPPSERS
172
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$2.71M +$37.6K +118 +1%
TC
173
Taika Capital
Florida
$2.7M +$2.65M +8,318 New
NAAA
174
New Age Alpha Advisors
New York
$2.62M +$2.57M +8,082 New
MGM
175
Miura Global Management
New York
$2.59M +$2.55M +8,000 New
5 6
7
8 9

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.