Duolingo, Inc. (DUOL) Institutional Ownership

Ownership Summary

Duolingo, Inc. (NASDAQ:DUOL) currently has 444 active institutional owners and shareholders as of today (December 2025), that have filed 13F forms with the Securities Exchange Commission (SEC).

• The collective stake of institutional investors in Duolingo moved to 76.1% in December 2025, a shift down from the 82.2% reported for September 2025.
• In percentage terms, this reflects as a holdings change of 3.04% quarter on quarter, and a decrease of 0.89% year over year.
• During the quarter, 231 institutions bought more Duolingo shares, 173 sold shares, and 40 of the 444 total investors held their position steady.
• The aggregate institutional position in Duolingo now stands at 37.25Mn shares as of December 2025, after investors increased their holdings (up by 1.10Mn shares quarter on quarter which is up 952.48K shares year over year).
• BAILLIE GIFFORD & CO's holding of 4.86Mn shares as of December 31, 2025 makes it the primary institutional investor in Duolingo, owning 9.94% of the stock.
• Among the most significant buyers of Duolingo during December 2025 were BAILLIE GIFFORD & CO (2.03Mn), STATE OF MICHIGAN RETIREMENT SYSTEM (551.00K), FIL Ltd (497.52K), NORGES BANK (490.94K), Altshuler Shaham Ltd (242.74K).
• Leading sellers of Duolingo stock in December 2025 included T. Rowe Price Investment Management, Inc. (798.40K), Durable Capital Partners LP (755.74K), FMR LLC (537.91K), Dragoneer Investment Group, LLC (420.90K), BALYASNY ASSET MANAGEMENT L.P. (379.88K).
• The top 10 institutional holders of Duolingo for the quarter ending December 2025 included BAILLIE GIFFORD & CO (4.86Mn), BlackRock, Inc. (3.90Mn), VANGUARD GROUP INC (3.62Mn), FMR LLC (2.64Mn), Capital World Investors (2.24Mn), Dragoneer Investment Group, LLC (1.16Mn), STATE STREET CORP (1.16Mn), Whale Rock Capital Management LLC (876.65K), GEODE CAPITAL MANAGEMENT, LLC (811.81K), AQR CAPITAL MANAGEMENT LLC (774.71K).