Duolingo DUOL Institutional Ownership

Updated Nov 4, 2026

Duolingo, Inc. (NASDAQ:DUOL) was reported as a holding by 433 institutional investors in 13F filings for the quarter ended June 30, 2026.

• These investors held 98.56% of outstanding shares in Q2 2026, up from 94.81% the quarter before.
• Total shares held in Duolingo rose 3.69% versus Q1 2026, while the number of holders fell 26.11% versus Q2 2025.
• Of the 433 holders of DUOL in Q2 2026, 265 added to their positions, 124 reduced their stakes and 44 left their positions unchanged.
• Institutional investors held 39.8Mn shares of Duolingo in total at the end of Q2 2026, up 1.42Mn from the prior quarter and up 1.71Mn from a year earlier.
• Baillie Gifford & Co led 13F holders of DUOL with 4.82Mn shares as of June 30, 2026, or 11.95% of shares outstanding.
• The biggest increases in DUOL positions during Q2 2026 came from AQR Capital Management LLC (+2.22Mn shares), Squarepoint Ops LLC (+302.43K shares), Goldman Sachs Group Inc (+272.08K shares), Two Sigma Investments, LP (+233.7K shares) and SG Americas Securities, LLC (+188.67K shares).
• The largest position reductions in DUOL for Q2 2026 were by Jane Street Group, LLC (-498.08K shares), Morgan Stanley (-447.6K shares), Renaissance Technologies LLC (-392.28K shares), Citadel Advisors LLC (-271.26K shares) and Millennium Management LLC (-259.37K shares).
• Business Quant data shows the 10 biggest positions in Duolingo as of Q2 2026 were held by Baillie Gifford & Co (4.82Mn shares), BlackRock, Inc. (3.87Mn shares), AQR Capital Management LLC (2.33Mn shares), Vanguard Capital Management LLC (1.75Mn shares), Two Sigma Investments, LP (1.63Mn shares), FIL Ltd (1.6Mn shares), Vanguard Portfolio Management LLC (1.6Mn shares), Federated Hermes, Inc. (1.37Mn shares), State of Michigan Retirement System (1.31Mn shares) and State Street Corp (1.23Mn shares).