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Duolingo, Inc. · 13F filings

DUOL Institutional Ownership

Holdings as of Jun 30, 2026From SEC Form 13FUpdated

Who owns Duolingo, Inc. and what the big funds did with it last quarter, from every SEC 13F filing. 438 funds reported holding DUOL at Jun 30, 2026.

← DUOL stock page

Fund sentiment
Bullish
Strongly bearishNeutralStrongly bullish
  • ▲263 buying vs 183 selling
  • ▲Shares held by funds +3.2%
  • ▲Funds holding +61
  • ▼Superinvestors: 1 added, 3 cut
  • ▲Put/call 1.04 to 0.71

What the filings show, not a forecast. Positions can be up to 45 days old and leave out short sales.

Funds holding438+61 vs Q1 2026
Held by funds–of shares outstanding
Value held$4.6B39.9M shares
Put/call ratio0.71down from 1.04

Funds holding and ownership

8 quarters
Q3 2024: 391 fundsQ3 '24Q4 2024: 460 fundsQ4 '24Q1 2025: 473 fundsQ1 '25Q2 2025: 589 fundsQ2 '25Q3 2025: 548 fundsQ3 '25Q4 2025: 479 fundsQ4 '25Q1 2026: 377 fundsQ1 '26Q2 2026: 438 fundsQ2 '26
Funds holding

Quarter over quarter

all 13F filers
Q2 2026This quarterQ1 2026Change
Funds holding438377+16.2%
In funds' top 1036−50.0%
13F shares39.9M38.7M+3.2%
Held by funds–––
New positions11650+132.0%
Increased147169−13.0%
Reduced125111+12.6%
Sold out58157−63.1%
Calls (shares)627K930K−32.6%
Puts (shares)445K966K−54.0%
Put/call ratio0.711.04−31.9%

Buyers vs sellers

adding or new vs cutting or sold out
Q4 2024: 243 buyingQ4 2024: 177 sellingQ4 '24Q1 2025: 273 buyingQ1 2025: 222 sellingQ1 '25Q2 2025: 401 buyingQ2 2025: 183 sellingQ2 '25Q3 2025: 312 buyingQ3 2025: 307 sellingQ3 '25Q4 2025: 226 buyingQ4 2025: 346 sellingQ4 '25Q1 2026: 219 buyingQ1 2026: 268 sellingQ1 '26Q2 2026: 263 buyingQ2 2026: 183 sellingQ2 '26
Buying 263Selling 183latest quarter

Superinvestors in DUOL

All superinvestors →

Who owns DUOL

share of fund held shares
  • Index and passive funds26.6%
  • Active managers and hedge funds53.7%
  • Banks and brokers13.6%
  • Pensions, insurers and other6.1%

The top 10 holders own 53.9% of all DUOL shares that funds reported. Groups are our own grouping of filers by name.

Put/call ratio

funds' options, market makers left out
1.00Q3 2024: 1.26Q3 '24Q4 2024: 1.98Q4 '24Q1 2025: 0.75Q1 '25Q2 2025: 1.01Q2 '25Q3 2025: 1.13Q3 '25Q4 2025: 2.49Q4 '25Q1 2026: 1.04Q1 '26Q2 2026: 0.71Q2 '260.71

Above 1 means funds hold more puts than calls, a sign of hedging or bets on a fall. Options are valued at the underlying shares.

Filed so far for Q3 2026

127 funds changed their position

🔒 Free account: see all 20.

Top holders

Q2 2026
#FundOf companySharesValueChange
1Baillie Gifford & Co–4.8M$555M−52K
2BlackRock, Inc.–3.9M$445M−119K
3AQR Capital Management LLC–2.3M$268M+2.2M
4Vanguard Capital Management LLC–1.7M$201M+23K
5Two Sigma Investments, LP–1.6M$187M+234K
6FIL Ltd–1.6M$184M−19K
7Vanguard Portfolio Management LLC–1.6M$184M−29K
8Federated Hermes, Inc.–1.4M$158M+119K
9State of Michigan Retirement System–1.3M$150M+113K
10State Street Corp–1.2M$141M+46K
🔒 15 more top holders. Create a free account or sign in to see them.
Biggest buyers
Biggest sellers

DUOL institutional ownership FAQ

Who owns the most DUOL stock?

In Q2 2026 13F filings the largest holder of DUOL was Baillie Gifford & Co, followed by BlackRock, Inc. and AQR Capital Management LLC. Index fund managers are usually the biggest holders of large companies.

What percentage of DUOL is owned by institutions?

438 funds reported holding 39.9M DUOL shares at Jun 30, 2026.

Are hedge funds buying DUOL?

In Q2 2026, 263 funds bought DUOL (116 of them new positions) and 183 sold (58 sold out completely). Among well known investors, 1 added and 3 cut. Our fund sentiment for DUOL is bullish.

What is DUOL's institutional put/call ratio?

Funds reported $51.1M of DUOL puts against $72.1M of calls, a put/call ratio of 0.71 (1.04 the quarter before). Market makers and bank trading desks are left out, since their options are mostly hedges.

How current is this DUOL ownership data?

13F filings show holdings at the end of each quarter and are due within 45 days, so positions can be up to six weeks old when they appear. We add each new filing within minutes, and the "filed so far" list shows funds that have already reported the next quarter.

For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Fund sentiment summarises what 13F filings show and is not a forecast. Holdings come from SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.