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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
TB Alternative Assets Ltd.35,961$11.6M1.73%+35,961New
Square Peg Capital Pty Ltd35,577$11.5M10.35%+9,051+34.1%Added
Envestnet Asset Management Inc34,870$11.2M0.00%+8,166+30.6%Added
Canada Pension Plan Investment Board34,484$11.1M0.01%−1,916−5.3%Reduced
State Board of Administration of Florida Retirement System33,671$10.8M0.02%−1,863−5.2%Reduced
California State Teachers Retirement System33,639$10.8M0.01%+319+1.0%Added
Y-Intercept (Hong Kong) Ltd33,397$10.7M0.26%+9,159+37.8%Added
Quantbot Technologies LP33,131$10.7M0.29%+5,334+19.2%Added
Wolverine Trading, LLC32,183$10.6M0.21%+28,914+884.5%Added
Cresset Asset Management, LLC32,578$10.5M0.05%+204+0.6%Added
Broad Peak Investment Advisers Pte Ltd31,000$9.98M2.78%+31,000New
Hidden Lake Asset Management LP29,456$9.48M3.79%+29,456New
Tudor Investment Corp Et Al29,343$9.44M0.06%−12,589−30.0%Reduced
Hancock Whitney Corp28,428$9.15M0.17%+1,587+5.9%Added
Bank Julius Baer & Co. Ltd, Zurich28,356$9.13M0.03%+14,334+102.2%Added
Renaissance Group LLC27,571$8.87M0.33%+7,220+35.5%Added
Royal Bank of Canada27,193$8.75M0.00%−47,718−63.7%Reduced
Manufacturers Life Insurance Company, The26,992$8.69M0.01%−1,317−4.7%Reduced
Ensign Peak Advisors, Inc26,204$8.43M0.01%−25,435−49.3%Reduced
Wellington Management Group LLP25,590$8.24M0.00%+2,721+11.9%Added
Mitsubishi UFJ Trust & Banking Corp25,310$8.15M0.02%+2,236+9.7%Added
Exor Capital LLP25,000$8.05M0.15%00.0%Unchanged
Loomis Sayles & Co L P24,794$7.98M0.01%+24,794New
Catalytic Wealth RIA, LLC24,726$7.96M0.26%+14,108+132.9%Added
Sycomore Asset Management28,184$7.83M1.30%00.0%Unchanged
Capital International Sarl23,719$7.63M0.13%+1,725+7.8%Added
Capital Fund Management S.A.23,670$7.62M0.08%+23,670New
CWM, LLC23,285$7.49M0.02%+12,768+121.4%Added
Jump Financial, LLC22,503$7.24M0.09%−79,385−77.9%Reduced
Atika Capital Management LLC22,200$7.14M0.61%+1,100+5.2%Added
MetLife Investment Management22,147$7.13M0.03%−679−3.0%Reduced
Allianz Asset Management GmbH21,181$6.82M0.01%+2,930+16.1%Added
Advisor Group Holdings, Inc.21,319$6.76M0.01%+14,230+200.7%Added
State of Wisconsin Investment Board20,877$6.72M0.02%−1,687−7.5%Reduced
Twin Tree Management, LP20,206$6.50M0.30%+20,206New
New York State Common Retirement Fund20,067$6.46M0.01%−23,433−53.9%Reduced
GF Fund Management Co. Ltd.19,780$6.37M0.12%+19,780New
Amalgamated Bank19,220$6.19M0.04%+420+2.2%Added
Jacobs Levy Equity Management, Inc19,075$6.14M0.02%−18,613−49.4%Reduced
Private Advisor Group, LLC19,028$6.12M0.03%+14,965+368.3%Added
Mutual of America Capital Management LLC18,332$5.90M0.06%−1,192−6.1%Reduced
Danica Pension, Livsforsikringsaktieselskab17,950$5.78M0.09%+5,500+44.2%Added
Proem Advisors LLC17,000$5.47M1.32%+14,325+535.5%Added
Amundi17,014$5.45M0.00%−9,061−34.7%Reduced
Treasurer of the State of North Carolina16,893$5.44M0.02%−665−3.8%Reduced
Ossiam16,720$5.38M0.07%+220+1.3%Added
Police & Firemen's Retirement System of New Jersey16,643$5.36M0.04%+2,272+15.8%Added
HSBC Holdings PLC16,438$5.30M0.00%+12,200+287.9%Added
State of Tennessee, Treasury Department15,848$5.10M0.02%+800+5.3%Added
Janus Henderson Group PLC15,214$4.90M0.00%−14,976−49.6%Reduced
IMC-Chicago, LLC14,975$4.82M0.09%+14,975New
Consolidated Press International Holdings Ltd14,885$4.79M0.76%+3,360+29.2%Added
Trexquant Investment LP14,702$4.73M0.05%−33,394−69.4%Reduced
Capital International Ltd14,406$4.64M0.17%00.0%Unchanged
Mitchell Capital Management Co14,259$4.59M0.79%+14,259New
Macquarie Group Ltd14,249$4.59M0.01%+7,039+97.6%Added
Voya Investment Management LLC14,006$4.51M0.00%−54,177−79.5%Reduced
Mariner, LLC13,153$4.23M0.01%+4,739+56.3%Added
Employees Retirement System of Texas12,921$4.16M0.03%00.0%Unchanged
Comerica Bank12,777$4.11M0.02%−1,097−7.9%Reduced
Creative Planning12,694$4.09M0.00%+9,240+267.5%Added
Yousif Capital Management, LLC12,562$4.04M0.04%−739−5.6%Reduced
Susquehanna International Group, LLP12,541$4.04M0.01%−49,833−79.9%Reduced
State of New Jersey Common Pension Fund D12,434$4.00M0.01%+535+4.5%Added
Rockefeller Capital Management L.P.12,261$3.95M0.01%−723−5.6%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)12,213$3.93M0.01%+2,258+22.7%Added
Wealth Enhancement Advisory Services, LLC12,150$3.89M0.01%+4,810+65.5%Added
Qube Research & Technologies Ltd11,790$3.79M0.01%−484,367−97.6%Reduced
Public Employees Retirement System of Ohio11,740$3.78M0.01%+73+0.6%Added
Merit Financial Group, LLC11,155$3.59M0.03%+523+4.9%Added
Louisiana State Employees Retirement System11,000$3.54M0.06%00.0%Unchanged
Raymond James Financial Inc10,750$3.46M0.00%−9,056−45.7%Reduced
Robeco Institutional Asset Management B.V.10,726$3.45M0.01%−18,059−62.7%Reduced
Handelsbanken Fonder AB10,700$3.44M0.01%+1,000+10.3%Added
Group One Trading, L.P.10,699$3.44M0.10%+6,921+183.2%Added
Arizona State Retirement System10,445$3.36M0.02%+254+2.5%Added
LPL Financial LLC10,419$3.35M0.00%+2,893+38.4%Added
Lido Advisors, LLC10,409$3.35M0.01%+282+2.8%Added
Nia Impact Advisors, LLC10,289$3.31M1.08%−141−1.4%Reduced
Commonwealth of Pennsylvania Public School Empls Retrmt Sys10,188$3.28M0.02%+101+1.0%Added
SRS Capital Advisors, Inc.10,163$3.27M0.05%+10,116+21,523.4%Added
Steel Peak Wealth Management LLC10,005$3.22M0.11%+10,005New
LGT Fund Management Co Ltd.10,500$3.19M0.26%+10,500New
Great Lakes Advisors, LLC9,866$3.18M0.03%−9,607−49.3%Reduced
State of Michigan Retirement System9,500$3.06M0.01%+100+1.1%Added
Polar Asset Management Partners Inc.9,459$3.04M0.06%+9,459New
Thrivent Financial for Lutherans9,120$2.94M0.01%−124−1.3%Reduced
Teacher Retirement System of Texas9,116$2.93M0.01%−1,488−14.0%Reduced
D. E. Shaw & Co., Inc.9,021$2.90M0.00%−130,280−93.5%Reduced
Cetera Investment Advisers8,992$2.89M0.00%+909+11.2%Added
Northwestern Mutual Investment Management Company, LLC8,848$2.85M0.04%+82+0.9%Added
Caisse de Depot Et Placement du Quebec8,763$2.82M0.01%−4,301−32.9%Reduced
Kestra Private Wealth Services, LLC8,710$2.80M0.04%+1,114+14.7%Added
Fieldview Capital Management, LLC8,289$2.67M0.44%−4,268−34.0%Reduced
Hel Ved Capital Management Ltd8,277$2.66M1.45%+8,277New
Diversify Advisory Services, LLC9,836$2.61M0.09%+8,551+665.4%Added
Xponance, Inc.8,079$2.60M0.02%+189+2.4%Added
Alps Advisors Inc8,033$2.59M0.01%+2,311+40.4%Added
Oregon Public Employees Retirement Fund8,011$2.58M0.03%−26−0.3%Reduced
New Mexico Educational Retirement Board8,000$2.58M0.08%00.0%Unchanged