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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
RWA
176
Redhawk Wealth Advisors
Minnesota
$2.58M -$11.8K -37 -0.5%
Royal Bank of Canada
177
Royal Bank of Canada
Ontario, Canada
$2.54M -$1.81M -5,676 -42%
Victory Capital Management
178
Victory Capital Management
Texas
$2.51M +$236K +743 +11%
OPERF
179
Oregon Public Employees Retirement Fund
Oregon
$2.5M +$6.05K +19 +0.2%
AIP
180
Ameritas Investment Partners
Nebraska
$2.46M -$28.6K -90 -1%
X
181
Xponance
Pennsylvania
$2.46M +$97.1K +305 +4%
NRD
182
Nebula Research & Development
New York
$2.44M +$2.4M +7,538 New
NMERB
183
New Mexico Educational Retirement Board
New Mexico
$2.4M – – –
RS
184
Rakuten Securities
Japan
$2.38M +$119K +373 +5%
DWA
185
Dorsey Wright & Associates
California
$2.27M +$2.23M +7,000 New
AC
186
Arrow Capital
Australia
$2.27M +$2.23M +7,000 New
KK
187
KLP Kapitalforvaltning
Norway
$2.24M +$2.2M +6,900 New
VF
188
Virtu Financial
New York
$2.17M -$166K -523 -7%
SMDAM
189
Sumitomo Mitsui DS Asset Management
Japan
$2.15M -$279K -876 -12%
BIC
190
Beach Investment Counsel
Pennsylvania
$2.06M +$1.36M +4,269 +205%
Zurich Cantonal Bank
191
Zurich Cantonal Bank
Switzerland
$2.02M +$234K +734 +13%
Impax Asset Management Group
192
Impax Asset Management Group
United Kingdom
$2M -$996K -3,130 -34%
Wolverine Trading
193
Wolverine Trading
Illinois
$2M +$1.95M +6,141 New
CCA
194
Catalyst Capital Advisors
New York
$1.99M +$1.96M +6,150 New
Amundi
195
Amundi
France
$1.99M -$468K -1,471 -19%
Wells Fargo
196
Wells Fargo
California
$1.93M -$488K -1,533 -20%
AA
197
ALPS Advisors
Colorado
$1.88M -$457K -1,435 -20%
NEI
198
Northwest & Ethical Investments
Ontario, Canada
$1.86M -$1.04M -3,260 -36%
Osaic Holdings
199
Osaic Holdings
Arizona
$1.83M +$687K +2,160 +62%
KIC
200
Kensington Investment Counsel
California
$1.83M +$9.55K +30 +0.5%
6 7
8
9 10

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.