| 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, 460 institutional investors reported holding 37,645,049 shares of Duolingo, Inc. - Common Stock (DUOL). This represents 95% of the company’s total 39,521,605 outstanding shares.
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 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 37,645,049 | $6,611,383,707 | -$561,018,909 | $175.50 | 460 |
| 2025 Q3 | 39,051,780 | $12,566,318,690 | +$79,335,759 | $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 |