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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
DPL
201
Danica Pension Livsforsikrings
$1.83M -$460K -1,445 -20%
Robeco Institutional Asset Management
202
Robeco Institutional Asset Management
Netherlands
$1.8M +$1.77M +5,562 New
PNC Financial Services Group
203
PNC Financial Services Group
Pennsylvania
$1.79M +$127K +400 +8%
BPC
204
Bryce Point Capital
New York
$1.78M +$1.75M +5,505 New
Mariner
205
Mariner
Kansas
$1.77M +$117K +369 +7%
LIS
206
Legacy Investment Solutions
Idaho
$1.77M -$485K -1,525 -25%
LWMI
207
Legacy Wealth Management (Idaho)
Idaho
$1.77M -$485K -1,525 -25%
AAIS
208
ABN AMRO Investment Solutions
$1.77M +$1.74M +5,461 New
DB
209
Danske Bank
Denmark
$1.74M -$801K -2,517 -32%
KBC Group
210
KBC Group
Belgium
$1.74M +$1.42M +4,472 +505%
Primecap Management
211
Primecap Management
California
$1.73M – – –
Pathstone Holdings
212
Pathstone Holdings
New Jersey
$1.71M +$14K +44 +0.8%
SRL
213
Scientech Research LLC
New Jersey
$1.7M -$2.36M -7,416 -59%
Nomura Holdings
214
Nomura Holdings
Japan
$1.63M +$1.6M +5,029 New
YIH
215
Y-Intercept (HK)
Hong Kong
$1.62M +$1.59M +4,991 New
TI
216
Tidal Investments
Wisconsin
$1.6M +$1.08M +3,379 +216%
EFM
217
E Fund Management
China
$1.59M +$667K +2,097 +74%
CL
218
CIM LLC
New York
$1.59M -$9.87K -31 -0.6%
PAG
219
Private Advisor Group
New Jersey
$1.48M -$1.75M -5,503 -55%
Balyasny Asset Management
220
Balyasny Asset Management
Illinois
$1.47M +$1.44M +4,519 New
PCM
221
Penserra Capital Management
California
$1.44M -$39.8K -125 -3%
RIM
222
Redwood Investment Management
Arizona
$1.43M +$1.4M +4,407 New
SOADOR
223
State of Alaska Department of Revenue
Alaska
$1.4M +$3.18K +10 +0.2%
OAC
224
OMERS Administration Corp
Ontario, Canada
$1.36M -$2.1M -6,600 -61%
LPL Financial
225
LPL Financial
California
$1.36M +$565K +1,776 +73%
7 8
9
10 11

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.