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DUOL in the 13F filings

Duolingo Inc · CUSIP 26603R106

Sector · Software and IT servicesTheme · Cloud and enterprise software· L3VLUP-definedTheme · Consumer and digital platforms· L3VLUP-definedTheme · Prepackaged software
Quarter
Q3 2026 · early filersQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023
Quarter end
31 Dec 2025
the date the book describes
Filed
19 Feb 2026
latest of these filings; the earliest 23 Jan 2026
Managers listing it
32
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 19 listed it in both
Shares listed
15,437,920
combined, among listed positions
Reported value
$2.7bn
combined, at the quarter end

Among the 92 comparable managers: 14 buyers (opened or added shares) and 23 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -1,462,072.

Managers listing DUOL in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

32 of 32 holders

ActionFiling
Baillie Gifford & Co4,861,445$853m0.71%Added+2,033,61123 Jan 2026 (the filing on sec.gov)
Fidelity (FMR LLC)2,640,486$463munder 0.1%Trimmed-537,90917 Feb 2026 (the filing on sec.gov)
Capital World Investors2,241,378$393m0.05%Added+11,14011 Feb 2026 (the filing on sec.gov)
Dragoneer Investment Group LLC1,159,887$204m4.44%Trimmed-420,90017 Feb 2026 (the filing on sec.gov)
Whale Rock Capital Management LLC876,646$154m1.97%Added+8,47717 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC774,710$136m0.07%Added+33,84117 Feb 2026 (the filing on sec.gov)
Invesco Ltd668,648$117munder 0.1%Trimmed-68,66619 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC319,143$56munder 0.1%Added+89,02417 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC315,554$55m0.09%Trimmed-225,94612 Feb 2026 (the filing on sec.gov)
Millennium Management LLC267,882$47munder 0.1%Added+229,36117 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc247,130$43munder 0.1%Trimmed-280,37517 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP182,386$32munder 0.1%Trimmed-69,40817 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC128,801$23munder 0.1%Trimmed-47,30913 Feb 2026 (the filing on sec.gov)
Durable Capital Partners LP119,181$21m0.20%Trimmed-755,73817 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP106,080$19munder 0.1%Trimmed-218,22017 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP96,224$17munder 0.1%Added+83,68317 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC79,786$14munder 0.1%Added+19,13513 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP67,802$12munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP48,972$8.6munder 0.1%Trimmed-248,21917 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd45,180$7.9munder 0.1%Added+29,96617 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.37,335$6.6munder 0.1%Added+28,31417 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC35,392$6.2munder 0.1%Trimmed-379,87617 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP25,404$4.5munder 0.1%Trimmed-18617 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC22,488$3.9munder 0.1%Trimmed-54,37110 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP19,574$3.4munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

New (4)

Exited (5)

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
17 in Q3 2024 to 8 in Q2 2026

Tracked managers listing it, at least.

010203020222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
DUOL by quarter
QuarterHoldersReported valueBuyersSellers
Q3 20219$509mn.a.n.a.
Q4 20215$465mn.a.n.a.
Q1 20225$517mn.a.n.a.
Q2 20226$585mn.a.n.a.
Q3 20226$673mn.a.n.a.
Q4 20223$531mn.a.n.a.
Q1 202315$1.6bnn.a.n.a.
Q2 202316$1.9bnn.a.n.a.
Q3 202315$2.1bnn.a.n.a.
Q4 202316$2.7bn107
Q1 202418$2.7bn612
Q2 202415$2.7bn512
Q3 202417$4.3bn116
Q4 202420$4.9bn1110
Q1 202524$4.9bn169
Q2 202528$6.3bn2010
Q3 202523$4.9bn179
Q4 202510$1.9bn1423
Q1 202611$785m1820
Q2 20268$1.1bn1516

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

DUOL and GOOGL →DUOL and AMZN →DUOL and MSFT →Choose a stock to compare with DUOL →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own DUOL, latest filings →Back to the 13F Explorer →