Latest Period
Q4 2025
Security Snapshot
Duolingo, Inc. - Common Stock (DUOL) Institutional Ownership
CUSIP: 26603R106
13F Institutional Holders and Ownership History from Q3 2021 to Q1 2026
Institutions Reporting
468
Shares (Excl. Options)
37,740,728
Price
$175.50
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- Type / Class
- Equity / Common Stock
- Symbol
- DUOL on Nasdaq
- Shares outstanding
- 39,521,605
- Price per share
- $98.57
- All holders as of 31 Dec 2025
- Q4 2025
- Total 13F shares
- 37,740,728
- Total reported value
- $6,628,171,428
- % of total 13F portfolios
- 0.01%
- Share change
- -1,367,436
- Value change
- -$538,317,765
- Number of holders
- 468
- Price from insider filings
- $98.57
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors
Quick Takeaways
- DUOL - Duolingo, Inc. - Common Stock is tracked under CUSIP 26603R106.
- 468 institutions reported positions in Q4 2025.
- 5 significant owners is listed from Schedule 13D/13G reporting.
What Changed
- Holder count moved from 468 to 57 between Q4 2025 and Q1 2026.
- Reported value moved from $6,628,171,428 to $51,427,700.
Why This Matters
- You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
- 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.
Source Evidence
Source: SEC Form 13F
Open SEC Evidence
Latest holder context comes from 468 institutions filings for Q4 2025.
Investment Quick Answers
What is CUSIP 26603R106?
CUSIP 26603R106 identifies DUOL - Duolingo, Inc. - Common Stock in SEC 13F datasets.
Where can I see the latest institutional holders?
Review the Q4 2025 holders report and the ownership history table below.
Next ownership checks
Use the next link that matches the question you still need to answer about this security.
- Latest 13F filings when you want to inspect fresh institutional portfolio moves.
- Latest Schedule 13D/13G reports when you need large-owner changes outside the 13F cycle.
- All institutional ownership pages to compare this security with other holder-history pages.
Recent Quarterly Holder Reports
Open recent reporting periods for CUSIP 26603R106:
Significant Owners of Duolingo, Inc. - Common Stock (DUOL) based on Schedule 13D/G filings
| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| BAILLIE GIFFORD & CO | 12% | +76% | $1,577,234,529 | +$667,124,435 | 4,900,679 | +73% | BAILLIE GIFFORD & CO | 31 Oct 2025 |
| Hacker Severin | 7.6% | $1,221,212,998 | 3,198,316 | Hacker Severin | 31 Mar 2025 | |||
| FMR LLC | 7% | -23% | $1,023,953,710 | -$294,640,593 | 2,761,323 | -22% | FMR LLC | 30 Jun 2025 |
| Capital World Investors | 6% | $869,061,168 | 2,343,620 | Capital World Investors | 30 Jun 2025 | |||
| Durable Capital Partners LP | 4.3% | -30% | $646,928,078 | -$238,647,950 | 1,694,283 | -27% | Durable Capital Partners LP | 31 Mar 2025 |
As of 31 Dec 2025, 468 institutional investors reported holding 37,740,728 shares of Duolingo, Inc. - Common Stock (DUOL). This represents 95% of the company’s total 39,521,605 outstanding shares.
Top 25 Institutional Shareholders
The largest institutional shareholders of Duolingo, Inc. - Common Stock (DUOL) together control 73% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| BAILLIE GIFFORD & CO | 12% | 4,861,445 | +72% | 0.71% | $853,183,598 |
| BlackRock, Inc. | 9.9% | 3,898,862 | -6.9% | 0.01% | $684,250,427 |
| VANGUARD GROUP INC | 9.2% | 3,621,788 | -0.65% | 0.01% | $635,623,795 |
| FMR LLC | 6.7% | 2,640,486 | -17% | 0.02% | $463,405,337 |
| Capital World Investors | 5.7% | 2,241,378 | +0.5% | 0.05% | $393,361,770 |
| Dragoneer Investment Group, LLC | 2.9% | 1,159,887 | -27% | 4.4% | $203,560,169 |
| STATE STREET CORP | 2.9% | 1,157,219 | +0.29% | 0.01% | $203,091,935 |
| Whale Rock Capital Management LLC | 2.2% | 876,646 | +0.98% | 2% | $153,851,373 |
| GEODE CAPITAL MANAGEMENT, LLC | 2.1% | 811,809 | +2.5% | 0.01% | $142,500,577 |
| T. Rowe Price Investment Management, Inc. | 2% | 778,819 | -39% | 0.09% | $136,683,000 |
| AQR CAPITAL MANAGEMENT LLC | 2% | 774,710 | +4.6% | 0.07% | $135,961,659 |
| Invesco Ltd. | 1.7% | 668,648 | -9.3% | 0.02% | $117,347,726 |
| Foxhaven Asset Management, LP | 1.4% | 571,840 | +14% | 2.5% | $100,357,920 |
| STATE OF MICHIGAN RETIREMENT SYSTEM | 1.4% | 560,500 | +5800% | 0.48% | $98,367,750 |
| GILDER GAGNON HOWE & CO LLC | 1.3% | 506,131 | -12% | 0.94% | $88,825,988 |
| FIL Ltd | 1.3% | 497,546 | +1715576% | 0.07% | $87,319,323 |
| NORGES BANK | 1.2% | 490,935 | 0.01% | $86,159,093 | |
| MORGAN STANLEY | 1% | 413,487 | +3.8% | 0% | $72,567,309 |
| CITADEL ADVISORS LLC | 0.81% | 319,143 | +39% | 0.04% | $56,009,597 |
| RENAISSANCE TECHNOLOGIES LLC | 0.8% | 315,554 | -42% | 0.09% | $55,379,727 |
| UBS Group AG | 0.79% | 311,621 | -12% | 0.01% | $54,689,486 |
| NORTHERN TRUST CORP | 0.78% | 309,316 | -1.7% | 0.01% | $54,284,960 |
| Capital International Investors | 0.78% | 308,605 | +0.88% | 0.01% | $54,160,179 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 0.75% | 297,276 | +3.5% | 0.01% | $52,171,938 |
| CARNEGIE MELLON UNIVERSITY | 0.75% | 294,814 | 0% | 58% | $51,739,857 |
Institutional Holders of Duolingo, Inc. - Common Stock (DUOL) across Reporting Periods
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2026 Q1 | 521,762 | $51,427,700 | -$18,798,003 | $98.57 | 57 |
| 2025 Q4 | 37,740,728 | $6,628,171,428 | -$538,317,765 | $175.50 | 468 |
| 2025 Q3 | 39,047,423 | $12,564,916,433 | +$80,470,249 | $321.84 | 540 |
| 2025 Q2 | 38,493,072 | $15,775,964,616 | +$929,250,960 | $410.02 | 581 |
| 2025 Q1 | 36,401,573 | $11,304,623,852 | +$24,925,937 | $310.54 | 466 |
| 2024 Q4 | 36,197,765 | $11,735,450,662 | -$5,017,692 | $324.23 | 452 |
| 2024 Q3 | 36,019,583 | $10,159,192,139 | +$119,449,469 | $282.02 | 383 |
| 2024 Q2 | 35,849,309 | $7,479,743,278 | +$500,118,721 | $208.67 | 353 |
| 2024 Q1 | 33,390,146 | $7,364,892,680 | +$290,446,765 | $220.58 | 331 |
| 2023 Q4 | 32,132,156 | $7,289,078,961 | +$25,946,661 | $226.85 | 313 |
| 2023 Q3 | 32,264,817 | $5,350,798,438 | +$23,246,346 | $165.87 | 240 |
| 2023 Q2 | 32,223,631 | $4,605,860,715 | +$361,500,870 | $142.94 | 234 |
| 2023 Q1 | 29,676,227 | $4,231,300,696 | +$475,610,287 | $142.59 | 191 |
| 2022 Q4 | 26,984,335 | $1,919,373,618 | +$47,118,856 | $71.13 | 150 |
| 2022 Q3 | 25,939,431 | $2,470,190,638 | -$117,035,112 | $95.23 | 154 |
| 2022 Q2 | 26,015,771 | $2,277,756,388 | +$772,785,577 | $87.55 | 141 |
| 2022 Q1 | 17,080,372 | $1,624,538,754 | +$148,028,492 | $95.11 | 103 |
| 2021 Q4 | 15,412,257 | $1,634,103,250 | +$260,413,501 | $106.11 | 97 |
| 2021 Q3 | 11,430,764 | $1,898,726,823 | +$1,898,665,829 | $166.36 | 67 |