Which funds own DUOL
Duolingo Inc in the Q2 2026 filings. At least 3 of the 91 current managers on file reported a position, worth $797m between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.
- Managers holding
- 3
- at least, of 91 current
- Combined value
- $797m
- as reported
- Opened
- 0
- new this quarter
- Added to
- 1
- already held
- Trimmed or sold out
- 3
- 2 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Baillie Gifford & Co Long-only · $110bn book | $555m | 0.5% | 4,824,298 | +$74m-51,512 | Trimmed |
| Two Sigma Investments LP Quantitative · $138bn book | $187m | 0.1% | 1,629,242 | +$50m+233,698 | Added |
| Whale Rock Capital Management LLC Long/short equity · $12.5bn book | $54m | 0.4% | 471,764 | +$7.8m0 | Held |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Voloridge Investment Management LLC · Quantitative$42m held before
- Winton Group Ltd · Quantitative$6.0m held before
Ownership through time
At least 8 of the 95 managers whose filings are on file listed DUOL in Q2 2026, against 9 in Q3 2021. 3 managers fewer than in Q1 2026: 2 listed it again; 5 no longer listed it among the positions read, which can mean a holding below the listed range or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q3 2021: 9
- Q4 2021: 5
- Q1 2022: 5
- Q2 2022: 6
- Q3 2022: 6
- Q4 2022: 3
- Q1 2023: 15
- Q2 2023: 16
- Q3 2023: 15
- Q4 2023: 16
- Q1 2024: 18
- Q2 2024: 15
- Q3 2024: 17
- Q4 2024: 20
- Q1 2025: 24
- Q2 2025: 28
- Q3 2025: 23
- Q4 2025: 10
- Q1 2026: 11
- Q2 2026: 8
- Q3 2021: $509m
- Q4 2021: $465m
- Q1 2022: $517m
- Q2 2022: $585m
- Q3 2022: $673m
- Q4 2022: $531m
- Q1 2023: $1.6bn
- Q2 2023: $1.9bn
- Q3 2023: $2.1bn
- Q4 2023: $2.7bn
- Q1 2024: $2.7bn
- Q2 2024: $2.7bn
- Q3 2024: $4.3bn
- Q4 2024: $4.9bn
- Q1 2025: $4.9bn
- Q2 2025: $6.3bn
- Q3 2025: $4.9bn
- Q4 2025: $1.9bn
- Q1 2026: $785m
- Q2 2026: $1.1bn
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
No manager on file started a position.
Largest increases, by shares
- Two Sigma Investments LP1,395,544 to 1,629,242 shares+$27m
- Brevan Howard Capital Management LP24,023 to 35,128 shares+$1.3m
Largest decreases, by shares
- Baillie Gifford & Co4,875,810 to 4,824,298 shares-$5.9m
- Caxton Associates LLP36,948 to 12,776 shares-$2.8m
Left it
No manager on file is shown leaving it.
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Baillie Gifford & Co | Q3 2021 | $910m | $555m | |
| AQR Capital Management LLC | Q1 2025 | $268m | $268m | |
| Two Sigma Investments LP | Q1 2023 | $235m | $187m | |
| Whale Rock Capital Management LLC | Q3 2021 | $386m | $54m | |
| Squarepoint Ops LLC | Q1 2024 | $88m | $37m | |
| Brevan Howard Capital Management LP | Q1 2024 | $8.8m | $4.0m | |
| Caxton Associates LLP | Q2 2025 | $3.6m | $1.5m | |
| PDT Partners LLC | Q4 2021 | $9.9m | $663k | |
| Fidelity (FMR LLC) | Q2 2024 | $1.2bn | last listed Q3 2025 | |
| Capital World Investors | Q1 2025 | $940m | last listed Q4 2025 | |
| Durable Capital Partners LP | Q3 2021 | $854m | last listed Q4 2025 | |
| T. Rowe Price Associates Inc | Q3 2024 | $549m | last listed Q2 2025 | |
| Dragoneer Investment Group LLC | Q3 2021 | $509m | last listed Q4 2025 | |
| Invesco Ltd | Q4 2024 | $418m | last listed Q2 2025 | |
| Renaissance Technologies LLC | Q2 2023 | $342m | last listed Q1 2026 | |
| Two Sigma Advisers LP | Q1 2023 | $307m | last listed Q4 2025 | |
| D. E. Shaw & Co. | Q1 2023 | $220m | last listed Q1 2024 | |
| AllianceBernstein LP | Q1 2024 | $213m | last listed Q3 2025 |
What DUOL is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around DUOL →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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