Duolingo
DUOL
480 hedge funds and large institutions have $6.64B invested in Duolingo in 2025 Q4 according to their latest regulatory filings, with 95 funds opening new positions, 153 increasing their positions, 192 reducing their positions, and 156 closing their positions.
7% less call options, than puts
Call options by funds: $591M | Put options by funds: $634M
5.04% less ownership
Funds ownership: 99.47% → 94.43% (-5%)
13% less funds holding
Funds holding: 550 → 480 (-70)
20% less repeat investments, than reductions
Existing positions increased: 153 | Existing positions reduced: 192
27% less capital inflows, than outflows
Capital inflows: $1.48B | Capital outflows: $2.04B
39% less first-time investments, than exits
New positions opened: 95 | Existing positions closed: 156
64% less funds holding in top 10
Funds holding in top 10: 14 → 5 (-9)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$479M |
| 2 |
State of Michigan Retirement System
Lansing,
Michigan
|
+$130M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
+$117M |
| 4 |
Altshuler Shaham
Tel Aviv,
Israel
|
+$57.2M |
| 5 |
Millennium Management
New York
|
+$54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Durable Capital Partners
Bethesda,
Maryland
|
-$178M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$127M |
| 3 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$119M |
| 4 |
Dragoneer Investment Group
San Francisco,
California
|
-$99.2M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$89.5M |
DUOL Hedge Fund Activity: Q4 2025 in Review
480 of the 8,307 institutional investors tracked by Wall St. Rank reported a position in Duolingo (DUOL) for Q4 2025, worth a combined $6.64B — down 48% from $12.7B a quarter earlier.
Sellers outnumbered buyers: 156 funds closed out of DUOL and 95 opened new positions — a net loss of 61 holders — while 192 trimmed existing stakes and 153 added.
The largest buyer was Baillie Gifford & Co, adding an estimated $479M. The largest seller was Durable Capital Partners, cutting an estimated $178M.
- 480 institutional investors held Duolingo (DUOL) as of Q4 2025, down from 550 in Q3 2025.
- Funds reported $6.64B of Duolingo stock for Q4 2025, down 48% quarter-over-quarter.
- 95 funds opened new Duolingo positions in Q4 2025 and 156 closed out, a net change of -61 holders.
- The largest Duolingo buyer in Q4 2025 was Baillie Gifford & Co, an estimated $479M added.
- The largest Duolingo seller in Q4 2025 was Durable Capital Partners, an estimated $178M sold.
Based on aggregated 13F filings for Q4 2025.