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Duolingo, Inc.

DUOL
Exchange
Nasdaq
Industry
Services-Prepackaged Software
SEC CIK
0001562088

In the last 90 days, Duolingo, Inc. insiders filed 0 open-market purchases and 8 sales; 435 institutions reported holding it in 13F filings for Q2 2026, worth $4.58B in total; no superinvestor holds it.

13F holders, Q3 2025

Institutional positions in Duolingo, Inc. as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
546
−32 vs. Q2 2025
Shares held
39.1M
+1.06M (+2.8%) vs. Q2 2025
Total value
$12.6B
−$3.01B (−19.3%) vs. Q2 2025
New holders
91
224 more added
Sold out
123
180 more reduced

7 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting DUOL on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ3 2025: 546 institutions
Q1 2021: 0 institutionsQ2 2021: 0 institutionsQ3 2021: 71 institutionsQ4 2021: 103 institutionsQ1 2022: 108 institutionsQ2 2022: 148 institutionsQ3 2022: 167 institutionsQ4 2022: 155 institutionsQ1 2023: 195 institutionsQ2 2023: 236 institutionsQ3 2023: 243 institutionsQ4 2023: 319 institutionsQ1 2024: 337 institutionsQ2 2024: 357 institutionsQ3 2024: 390 institutionsQ4 2024: 458 institutionsQ1 2025: 471 institutionsQ2 2025: 585 institutionsQ3 2025: 546 institutionsQ4 2025: 475 institutionsQ1 2026: 372 institutionsQ2 2026: 435 institutions
Value heldQ3 2025: $12.6B
Q1 2021: $0Q2 2021: $0Q3 2021: $1.90BQ4 2021: $1.63BQ1 2022: $1.62BQ2 2022: $2.28BQ3 2022: $2.47BQ4 2022: $1.92BQ1 2023: $4.23BQ2 2023: $4.61BQ3 2023: $5.35BQ4 2023: $7.29BQ1 2024: $7.37BQ2 2024: $7.48BQ3 2024: $10.2BQ4 2024: $11.7BQ1 2025: $11.4BQ2 2025: $15.8BQ3 2025: $12.6BQ4 2025: $6.64BQ1 2026: $3.81BQ2 2026: $4.58B
Institutions holding DUOL and their total value by quarter
QuarterHoldersValue
Q2 2026435$4.58B
Q1 2026372$3.81B
Q4 2025475$6.64B
Q3 2025546$12.6B
Q2 2025585$15.8B
Q1 2025471$11.4B
Q4 2024458$11.7B
Q3 2024390$10.2B
Q2 2024357$7.48B
Q1 2024337$7.37B
Q4 2023319$7.29B
Q3 2023243$5.35B
Q2 2023236$4.61B
Q1 2023195$4.23B
Q4 2022155$1.92B
Q3 2022167$2.47B
Q2 2022148$2.28B
Q1 2022108$1.62B
Q4 2021103$1.63B
Q3 202171$1.90B
Q2 20210$0
Q1 20210$0

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding Duolingo, Inc.; share changes are against Q2 2025.

Institutions holding DUOL in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Ossiam16,720$5.38M0.07%+220+1.3%Added
Treasurer of the State of North Carolina16,893$5.44M0.02%−665−3.8%Reduced
Amundi17,014$5.45M0.00%−9,061−34.7%Reduced
Proem Advisors LLC17,000$5.47M1.32%+14,325+535.5%Added
Danica Pension, Livsforsikringsaktieselskab17,950$5.78M0.09%+5,500+44.2%Added
Mutual of America Capital Management LLC18,332$5.90M0.06%−1,192−6.1%Reduced
Private Advisor Group, LLC19,028$6.12M0.03%+14,965+368.3%Added
Jacobs Levy Equity Management, Inc19,075$6.14M0.02%−18,613−49.4%Reduced
Amalgamated Bank19,220$6.19M0.04%+420+2.2%Added
GF Fund Management Co. Ltd.19,780$6.37M0.12%+19,780New
New York State Common Retirement Fund20,067$6.46M0.01%−23,433−53.9%Reduced
Twin Tree Management, LP20,206$6.50M0.30%+20,206New
State of Wisconsin Investment Board20,877$6.72M0.02%−1,687−7.5%Reduced
Advisor Group Holdings, Inc.21,319$6.76M0.01%+14,230+200.7%Added
Allianz Asset Management GmbH21,181$6.82M0.01%+2,930+16.1%Added
MetLife Investment Management22,147$7.13M0.03%−679−3.0%Reduced
Atika Capital Management LLC22,200$7.14M0.61%+1,100+5.2%Added
Jump Financial, LLC22,503$7.24M0.09%−79,385−77.9%Reduced
CWM, LLC23,285$7.49M0.02%+12,768+121.4%Added
Capital Fund Management S.A.23,670$7.62M0.08%+23,670New
Capital International Sarl23,719$7.63M0.13%+1,725+7.8%Added
Sycomore Asset Management28,184$7.83M1.30%00.0%Unchanged
Catalytic Wealth RIA, LLC24,726$7.96M0.26%+14,108+132.9%Added
Loomis Sayles & Co L P24,794$7.98M0.01%+24,794New
Exor Capital LLP25,000$8.05M0.15%00.0%Unchanged
Mitsubishi UFJ Trust & Banking Corp25,310$8.15M0.02%+2,236+9.7%Added
Wellington Management Group LLP25,590$8.24M0.00%+2,721+11.9%Added
Ensign Peak Advisors, Inc26,204$8.43M0.01%−25,435−49.3%Reduced
Manufacturers Life Insurance Company, The26,992$8.69M0.01%−1,317−4.7%Reduced
Royal Bank of Canada27,193$8.75M0.00%−47,718−63.7%Reduced
Renaissance Group LLC27,571$8.87M0.33%+7,220+35.5%Added
Bank Julius Baer & Co. Ltd, Zurich28,356$9.13M0.03%+14,334+102.2%Added
Hancock Whitney Corp28,428$9.15M0.17%+1,587+5.9%Added
Tudor Investment Corp Et Al29,343$9.44M0.06%−12,589−30.0%Reduced
Hidden Lake Asset Management LP29,456$9.48M3.79%+29,456New
Broad Peak Investment Advisers Pte Ltd31,000$9.98M2.78%+31,000New
Cresset Asset Management, LLC32,578$10.5M0.05%+204+0.6%Added
Wolverine Trading, LLC32,183$10.6M0.21%+28,914+884.5%Added
Quantbot Technologies LP33,131$10.7M0.29%+5,334+19.2%Added
Y-Intercept (Hong Kong) Ltd33,397$10.7M0.26%+9,159+37.8%Added
California State Teachers Retirement System33,639$10.8M0.01%+319+1.0%Added
State Board of Administration of Florida Retirement System33,671$10.8M0.02%−1,863−5.2%Reduced
Canada Pension Plan Investment Board34,484$11.1M0.01%−1,916−5.3%Reduced
Envestnet Asset Management Inc34,870$11.2M0.00%+8,166+30.6%Added
Square Peg Capital Pty Ltd35,577$11.5M10.35%+9,051+34.1%Added
TB Alternative Assets Ltd.35,961$11.6M1.73%+35,961New
New York State Teachers Retirement System36,823$11.9M0.02%+1,485+4.2%Added
Zacks Investment Management36,875$11.9M0.09%+36,875New
Victory Capital Management Inc38,485$12.4M0.01%−1,759−4.4%Reduced
Millennium Management LLC38,521$12.4M0.01%−237,621−86.1%Reduced
Aquatic Capital Management LLC38,641$12.4M0.23%+22,223+135.4%Added
Algert Global LLC40,050$12.9M0.22%+13,613+51.5%Added
Russell Investments Group, Ltd.43,865$14.1M0.02%+8,970+25.7%Added
Arthedge Capital Management, LLC44,300$14.3M9.62%+12,100+37.6%Added
Susquehanna Portfolio Strategies, LLC45,868$14.8M0.23%+45,868New
Lord, Abbett & Co. LLC46,036$14.8M0.04%−69,857−60.3%Reduced
Erste Asset Management GmbH45,227$14.8M0.14%+18,689+70.4%Added
SEI Investments Co46,253$14.9M0.02%+16,697+56.5%Added
Crosslink Capital Inc46,412$14.9M1.09%−7,230−13.5%Reduced
Ieq Capital, LLC46,978$15.1M0.05%+13,569+40.6%Added
Sands Capital Management, LLC47,672$15.3M0.04%+47,672New
Retirement Systems of Alabama47,995$15.4M0.05%+100.0%Added
Franklin Resources Inc48,820$15.7M0.00%−169,219−77.6%Reduced
Intech Investment Management LLC48,926$15.7M0.14%+44,342+967.3%Added
Bridgewater Associates, LP50,576$16.3M0.06%+50,576New
Barclays PLC52,114$16.8M0.01%+13,833+36.1%Added
Freestone Grove Partners LP53,583$17.2M0.13%+53,583New
BNP Paribas Arbitrage, SA54,958$17.7M0.01%−126,978−69.8%Reduced
Universal- Beteiligungs- und Servicegesellschaft mbH55,436$17.8M0.03%+442+0.8%Added
Tredje AP-fonden55,908$18.0M0.14%+53,825+2,584.0%Added
Pacer Advisors, Inc.56,464$18.2M0.05%−54,322−49.0%Reduced
Legal & General Group Plc59,146$19.0M0.00%−6,169−9.4%Reduced
Congress Asset Management Co59,722$19.2M0.13%+6,781+12.8%Added
Walleye Capital LLC60,651$19.5M0.16%+17,968+42.1%Added
Pictet Asset Management Holding SA61,177$19.7M0.02%+7,767+14.5%Added
Ameriprise Financial Inc62,363$20.1M0.00%−32,487−34.3%Reduced
Holocene Advisors, LP62,569$20.1M0.05%+62,569New
Teachers Retirement System of the State of Kentucky63,260$20.4M0.15%+450+0.7%Added
California Public Employees Retirement System63,846$20.5M0.01%−315−0.5%Reduced
Schonfeld Strategic Advisors LLC68,201$21.9M0.15%+56,775+496.9%Added
Swiss National Bank68,500$22.0M0.01%+1,400+2.1%Added
Jane Street Group, LLC71,416$23.0M0.03%−56,995−44.4%Reduced
Nuveen, LLC72,587$23.4M0.01%−44,303−37.9%Reduced
Cerity Partners LLC73,018$23.5M0.04%+15,884+27.8%Added
Acadian Asset Management LLC76,859$24.7M0.04%+27,829+56.8%Added
Allen Investment Management LLC78,421$25.2M0.28%00.0%Unchanged
Brown Capital Management LLC79,702$25.7M1.06%+512+0.6%Added
Mark Asset Management LP81,568$26.3M2.68%+23,819+41.2%Added
Steadview Capital Management LLC82,155$26.4M3.79%−26,915−24.7%Reduced
Clearbridge Investments, LLC85,296$27.5M0.02%−1,716−2.0%Reduced
Peregrine Capital Management LLC86,163$27.7M0.83%−1,787−2.0%Reduced
UBS Asset Management Americas Inc86,417$27.8M0.01%−53,358−38.2%Reduced
Jasper Ridge Partners, L.P.87,108$28.0M0.63%00.0%Unchanged
Principal Financial Group Inc87,807$28.3M0.01%−1,469−1.6%Reduced
Nishkama Capital, LLC97,780$31.5M2.82%+97,780New
Wells Fargo & Company99,192$31.9M0.01%+79,281+398.2%Added
TD Asset Management Inc100,307$32.3M0.03%−5,437−5.1%Reduced
PEAK6 LLC104,573$33.7M0.84%+103,648+11,205.2%Added
American Century Companies Inc105,283$33.9M0.02%−204,382−66.0%Reduced
Los Angeles Capital Management LLC107,736$34.7M0.12%+72,671+207.2%Added