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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, Q4 2025

Institutional positions in Duolingo, Inc. as of Dec 31, 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
475
−62 vs. Q3 2025
Shares held
37.8M
−1.22M (−3.1%) vs. Q3 2025
Total value
$6.64B
−$5.91B (−47.1%) vs. Q3 2025
New holders
94
151 more added
Sold out
156
190 more reduced

9 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 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 holdersQ4 2025: 475 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 heldQ4 2025: $6.64B
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, Q4 2025

Shares, value and share of portfolio for each institution holding Duolingo, Inc.; share changes are against Q3 2025.

Institutions holding DUOL in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Exor Capital LLP33,563$5.89M0.10%+8,563+34.3%Added
State Board of Administration of Florida Retirement System32,941$5.78M0.01%−730−2.2%Reduced
Cresset Asset Management, LLC32,576$5.72M0.02%−20.0%Reduced
Voleon Capital Management LP31,451$5.52M0.12%+31,451New
Amundi30,934$5.43M0.00%+13,920+81.8%Added
Ensign Peak Advisors, Inc30,352$5.33M0.01%+4,148+15.8%Added
Fideuram - Intesa Sanpaolo Private Banking S.P.A.27,950$4.91M0.18%+27,950New
Ieq Capital, LLC27,434$4.81M0.01%−19,544−41.6%Reduced
Erste Asset Management GmbH26,643$4.81M0.04%−18,584−41.1%Reduced
Manufacturers Life Insurance Company, The26,742$4.69M0.00%−250−0.9%Reduced
Victory Capital Management Inc26,092$4.58M0.00%−12,393−32.2%Reduced
WT Asset Management Ltd26,000$4.56M0.18%+26,000New
Wellington Management Group LLP25,404$4.46M0.00%−186−0.7%Reduced
State of Wisconsin Investment Board25,252$4.43M0.01%+4,375+21.0%Added
Virtu Financial LLC24,397$4.28M0.17%+24,397New
Capital International Sarl24,108$4.23M0.07%+389+1.6%Added
X-Square Capital, LLC23,686$4.16M1.36%+15,961+206.6%Added
LPL Financial LLC23,398$4.11M0.00%+12,979+124.6%Added
Acadian Asset Management LLC22,488$3.94M0.01%−54,371−70.7%Reduced
Catalytic Wealth RIA, LLC21,885$3.84M0.14%−2,841−11.5%Reduced
Landscape Capital Management, L.L.C.21,381$3.75M0.25%+21,381New
MetLife Investment Management21,353$3.75M0.02%−794−3.6%Reduced
Sora Investors LLC20,866$3.66M0.32%+20,866New
Allianz Asset Management GmbH20,254$3.55M0.00%−927−4.4%Reduced
Envestnet Asset Management Inc20,102$3.53M0.00%−14,768−42.4%Reduced
New York State Common Retirement Fund20,067$3.52M0.00%00.0%Unchanged
Brevan Howard Capital Management LP19,574$3.44M0.07%+19,574New
Wells Fargo & Company19,281$3.38M0.00%−79,911−80.6%Reduced
Mariner, LLC19,171$3.37M0.00%+6,018+45.8%Added
Lido Advisors, LLC10,387$3.32M0.01%−22−0.2%Reduced
Amalgamated Bank18,915$3.32M0.02%−305−1.6%Reduced
Quantinno Capital Management LP18,153$3.19M0.01%+15,929+716.2%Added
Investment House LLC18,038$3.17M0.15%+12,894+250.7%Added
Man Group plc18,019$3.16M0.01%−213,049−92.2%Reduced
Steel Peak Wealth Management LLC18,002$3.16M0.10%+7,997+79.9%Added
Danica Pension, Livsforsikringsaktieselskab17,950$3.15M0.05%00.0%Unchanged
Fieldview Capital Management, LLC17,239$3.03M0.51%+8,950+108.0%Added
Illinois Municipal Retirement Fund16,766$2.94M0.04%+16,766New
Palidye Holdings (Caymans) Ltd16,752$2.94M0.60%+16,752New
Mutual of America Capital Management LLC16,652$2.92M0.03%−1,680−9.2%Reduced
Jacobs Levy Equity Management, Inc16,533$2.90M0.01%−2,542−13.3%Reduced
Ossiam16,500$2.90M0.06%−220−1.3%Reduced
Proem Advisors LLC16,250$2.85M0.97%−750−4.4%Reduced
Voya Investment Management LLC16,079$2.82M0.00%+2,073+14.8%Added
Treasurer of the State of North Carolina15,924$2.79M0.01%−969−5.7%Reduced
Advisor Group Holdings, Inc.15,923$2.79M0.00%−5,396−25.3%Reduced
Police & Firemen's Retirement System of New Jersey15,886$2.79M0.02%−757−4.5%Reduced
Capital International Ltd15,386$2.70M0.10%+980+6.8%Added
Bridgewater Associates, LP15,162$2.66M0.01%−35,414−70.0%Reduced
Axq Capital, LP15,140$2.66M0.60%+13,162+665.4%Added
Marex Group plc14,846$2.61M0.03%+12,927+673.6%Added
HSBC Holdings PLC14,619$2.56M0.00%−1,819−11.1%Reduced
Eurizon Capital SGR S.p.A.14,589$2.56M0.01%+14,589New
Intech Investment Management LLC13,711$2.41M0.02%−35,215−72.0%Reduced
Credit Agricole S A13,322$2.34M0.01%+13,322New
Russell Investments Group, Ltd.13,289$2.33M0.00%−30,576−69.7%Reduced
Headlands Technologies LLC13,076$2.29M0.19%+13,076New
Aquatic Capital Management LLC12,946$2.27M0.06%−25,695−66.5%Reduced
Employees Retirement System of Texas12,921$2.27M0.02%00.0%Unchanged
Quent Capital, LLC12,528$2.20M0.16%+12,469+21,133.9%Added
State of New Jersey Common Pension Fund D12,316$2.16M0.01%−118−0.9%Reduced
Lazard Freres Gestion S.A.S.12,000$2.11M0.04%+12,000New
Lighthouse Investment Partners, LLC11,796$2.07M0.07%+10,911+1,232.9%Added
Public Employees Retirement System of Ohio11,442$2.01M0.01%−298−2.5%Reduced
Triodos Investment Management BV11,000$1.95M0.14%+4,250+63.0%Added
Louisiana State Employees Retirement System11,100$1.95M0.03%+100+0.9%Added
Alps Advisors Inc10,762$1.89M0.01%+2,729+34.0%Added
Handelsbanken Fonder AB10,700$1.88M0.01%00.0%Unchanged
Quadrature Capital Ltd10,623$1.86M0.02%+10,623New
State of Tennessee, Treasury Department13,759$1.84M0.01%−2,089−13.2%Reduced
Yousif Capital Management, LLC12,356$1.84M0.02%−206−1.6%Reduced
Thrivent Financial for Lutherans10,396$1.82M0.00%+1,276+14.0%Added
Kestra Private Wealth Services, LLC10,191$1.79M0.02%+1,481+17.0%Added
Commonwealth of Pennsylvania Public School Empls Retrmt Sys10,013$1.76M0.01%−175−1.7%Reduced
Arizona State Retirement System9,908$1.74M0.01%−537−5.1%Reduced
Oak Thistle LLC9,887$1.74M0.24%+5,441+122.4%Added
Bridgefront Capital, LLC9,818$1.72M0.43%+6,947+242.0%Added
South Dakota Investment Council9,740$1.71M0.03%+3,440+54.6%Added
GF Fund Management Co. Ltd.9,679$1.70M0.03%−10,101−51.1%Reduced
Leonteq Securities AG9,583$1.68M0.09%+8,507+790.6%Added
Comerica Bank9,564$1.68M0.01%−3,213−25.1%Reduced
Caisse de Depot Et Placement du Quebec9,208$1.62M0.00%+445+5.1%Added
Northwestern Mutual Investment Management Company, LLC8,953$1.57M0.02%+105+1.2%Added
Merit Financial Group, LLC8,912$1.56M0.01%−2,243−20.1%Reduced
Prudential PLC8,834$1.55M0.01%+8,834New
CWM, LLC8,810$1.55M0.00%−14,475−62.2%Reduced
Wealth Enhancement Advisory Services, LLC8,488$1.51M0.00%−3,662−30.1%Reduced
Edgestream Partners, L.P.8,488$1.49M0.04%+8,488New
Cetera Investment Advisers8,467$1.49M0.00%−525−5.8%Reduced
Group One Trading, L.P.8,455$1.48M0.04%−2,244−21.0%Reduced
RMB Capital Management, LLC8,418$1.48M0.03%+1,171+16.2%Added
Royal Bank of Canada8,415$1.48M0.00%−18,778−69.1%Reduced
Gotham Asset Management, LLC8,390$1.47M0.01%+6,218+286.3%Added
Blueshift Asset Management, LLC8,287$1.45M0.42%+6,055+271.3%Added
Northwest & Ethical Investments L.P.8,219$1.44M0.03%+3,357+69.0%Added
Zurcher Kantonalbank (Zurich Cantonalbank)8,063$1.42M0.00%−4,150−34.0%Reduced
Moran Wealth Management, LLC8,035$1.41M0.04%+8,035New
Quantitative Investment Management, LLC8,033$1.41M0.14%+8,033New
Capital International Inc8,021$1.41M0.01%+478+6.3%Added
New Mexico Educational Retirement Board8,000$1.40M0.04%00.0%Unchanged