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Duolingo

532 hedge funds and large institutions have $12.6B invested in Duolingo in 2025 Q3 according to their latest regulatory filings, with 91 funds opening new positions, 215 increasing their positions, 179 reducing their positions, and 122 closing their positions.

New
Increased
Maintained
Reduced
Closed

more funds holding in top 10

Funds holding in top 10:

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

more ownership

Funds ownership:

less call options, than puts

Call options by funds: $ | Put options by funds: $

8% less funds holding

Funds holding: 578532 (-46)

20% less capital invested

Capital invested by funds: $15.8B → $12.6B (-$3.21B)

25% less first-time investments, than exits

New positions opened: 91 | Existing positions closed: 122

Holders
532
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
14
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$1.09B
Puts
$1.21B
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
ASRS
176
Arizona State Retirement System
Arizona
$3.36M
LPL Financial
177
LPL Financial
California
$3.35M
Lido Advisors
178
Lido Advisors
California
$3.35M
NIA
179
NIA Impact Advisors
California
$3.31M
COPPSERS
180
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$3.28M
AAP
181
Arax Advisory Partners
Colorado
$3.27M
SW
182
SteelPeak Wealth
California
$3.22M
LFM
183
LGT Fund Management
Liechtenstein
$3.19M
GLA
184
Great Lakes Advisors
Illinois
$3.18M
SOMRS
185
State of Michigan Retirement System
Michigan
$3.06M
PAMP
186
Polar Asset Management Partners
Ontario, Canada
$3.04M
Thrivent Financial for Lutherans
187
Thrivent Financial for Lutherans
Minnesota
$2.94M
Teacher Retirement System of Texas
188
Teacher Retirement System of Texas
Texas
$2.93M
D.E. Shaw & Co
189
D.E. Shaw & Co
New York
$2.9M
Cetera Investment Advisers
190
Cetera Investment Advisers
Illinois
$2.89M
NMIMC
191
Northwestern Mutual Investment Management Company
Wisconsin
$2.85M
Caisse de Depot et Placement du Quebec (CDPQ)
192
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$2.82M
KPWS
193
Kestra Private Wealth Services
Texas
$2.8M
FCM
194
Fieldview Capital Management
Michigan
$2.67M
HVCM
195
Hel Ved Capital Management
Hong Kong
$2.66M
DAS
196
Diversify Advisory Services
Utah
$2.61M
X
197
Xponance
Pennsylvania
$2.6M
AA
198
ALPS Advisors
Colorado
$2.59M
OPERF
199
Oregon Public Employees Retirement Fund
Oregon
$2.58M
Mercer Global Advisors
200
Mercer Global Advisors
Colorado
$2.56M