Duolingo Ownership | Who Owns Duolingo?

Overview Forecast RevenueFinancials Chart Transcripts

Duolingo Ownership Summary

Duolingo is owned by 21.23% institutional investors, 0.78% insiders, and 77.98% retail investors. Blackrock funding, inc. /de is the largest institutional shareholder, holding 9.18% of DUOL shares. Capital Group Growth Fnd of Amer Comp is the top mutual fund, with 2.88% of its assets in Duolingo shares.

DUOL Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Duolingo	21.23%	0.78%	77.98%
Sector	Technology Stocks	40.92%	12.39%	46.69%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Blackrock funding, inc. /de	4.19M	9.18%	$1.35B
Blackrock	3.47M	8.12%	$724.78M
Vanguard group	3.65M	7.99%	$1.17B
Fmr	3.18M	6.97%	$1.02B
Baillie gifford	2.83M	6.20%	$910.11B
Capital world investors	2.23M	4.89%	$717.79M
Dragoneer investment group	1.58M	3.47%	$508.76M
T. rowe price investment management	1.28M	2.82%	$413.23M
State street	1.15M	2.53%	$371.36M
Durable capital partners lp	874.92K	1.92%	$281.58M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Carnegie mellon university	294.81K	72.12%	$94.88M
Dragoneer investment group	1.58M	11.23%	$508.76M
Square peg capital pty	35.58K	10.35%	$11.45M
Arthedge capital management	44.30K	9.05%	$14.26M
Spyglass capital management	268.73K	4.61%	$86.49M
Steadview capital management	82.16K	3.79%	$26.44M
Foxhaven asset management, lp	499.92K	3.70%	$160.89M
Whale rock capital management	868.17K	3.29%	$279.41M
Broad peak investment advisers pte	31.00K	2.78%	$9.98M
Durable capital partners lp	874.92K	2.09%	$281.58M

Top Buyers

Holder	Shares	% Assets	Change
Dragoneer investment group	1.58M	11.23%	1.21M
Blackrock	3.47M	0.02%	976.45K
Baillie gifford	2.83M	0.67%	628.94K
Norges bank	469.72K	0.02%	469.72K
T. rowe price investment management	1.28M	0.25%	458.81K

Top Sellers

Holder	Shares	% Assets	Change
Price t rowe associates inc /md/	527.50K	0.02%	-810.36K
Qube research	11.79K	0.00%	-484.37K
Two sigma advisers, lp	324.30K	0.21%	-423.30K
Marshall wace, llp	-	-	-423.25K
Two sigma investments, lp	251.79K	0.12%	-321.05K

New Positions

Holder	Shares	% Assets	Change	Value
Norges bank	469.72K	0.02%	469.72K	$152.30M
Capital investors	305.92K	0.02%	305.92K	$98.46M
Nishkama capital	97.78K	0.75%	97.78K	$31.47M
Holocene advisors, lp	62.57K	0.05%	62.57K	$20.14M
Sands capital management	47.67K	0.04%	47.67K	$15.34M

Sold Out

Holder	Change
Toronto dominion bank	-1.00
Atticus wealth management	-1.00
Activest wealth management	-1.00
Stephens consulting	-1.00
Bay harbor wealth management	-1.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Sep 30, 2025	238	-61.05%	9,684,603	-73.87%	21	0.32%	132	-66.75%	78	-43.07%
Jun 30, 2025	614	23.05%	38,505,345	5.89%	84	1.33%	399	45.09%	135	-12.90%
Mar 31, 2025	12	-97.51%	1,923,252	-94.69%	4	0.07%	2	-99.25%	5	-96.53%
Dec 31, 2024	467	13.08%	36,089,618	0.04%	75	1.32%	256	19.07%	142	5.19%
Sep 30, 2024	406	8.27%	35,868,916	1.44%	75	1.10%	210	-	133	19.82%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
Capital Group Growth Fnd of Amer Comp	1.31M	2.88%	428.94K
American Funds Growth Fund of Amer A	1.31M	2.88%	428.94K
iShares Core S&P Mid-Cap ETF	1.28M	2.79%	-
Vanguard Total Stock Mkt Idx Inv	1.17M	2.56%	-27.01K
Baillie Gifford US Equity Growth	967.00K	2.20%	-30.44K
Fidelity Contrafund	946.83K	2.07%	-6.49K
Vanguard Small Cap Index	905.57K	1.98%	-5.79K
Vanguard US Growth Investor	877.07K	1.93%	-47.39K
Vanguard Small Cap Growth Index Inv	509.99K	1.11%	-998.00
Capital Group New Perspective Comp	497.22K	1.09%	121.22K

Recent Insider Transactions

Date	Name	Role	Activity	Value
Nov 17, 2025	Meese Robert	Chief Business Officer	Sell	$256.96K
Nov 04, 2025	Hacker Severin	Chief Tech Officer, Co-Founder	Sell	$43.09K
Nov 04, 2025	Hacker Severin	Chief Tech Officer, Co-Founder	Sell	$191.89K
Nov 04, 2025	Hacker Severin	Chief Tech Officer, Co-Founder	Sell	$242.21K
Nov 04, 2025	Hacker Severin	Chief Tech Officer, Co-Founder	Sell	$145.44K

Insider Transactions Trends

Date	Buy	Sell
2025 Q4	-	46
2025 Q3	-	95
2025 Q2	-	132
2025 Q1	-	139
2024 Q4	-	139

DUOL Ownership FAQ

Who owns the most shares of Duolingo?

Duolingo’s largest shareholders are Blackrock funding, inc. /de (4.19M shares, 9.18%), Blackrock (3.47M shares, 8.12%), and Vanguard group (3.65M shares, 7.99%). Together, they hold 25.29% of Duolingo’s total shares outstanding.

Does Blackrock own Duolingo?

Yes, BlackRock owns 8.12% of Duolingo, totaling 3.47M shares as of Jun 2024. This represents 0.02% of BlackRock's total assets, with a market value of 724.78M$. In the last quarter, BlackRock increased its holdings by 976.45K shares, a 39.11% change.

Who is Duolingo’s biggest shareholder by percentage of total assets invested?

Carnegie mellon university is Duolingo’s biggest shareholder by percentage of total assets invested, with 72.12% of its assets in 294.81K Duolingo shares, valued at 94.88M$.

Who is the top mutual fund holder of Duolingo shares?

Capital Group Growth Fnd of Amer Comp is the top mutual fund holder of Duolingo shares, with 2.88% of its total shares outstanding invested in 1.31M Duolingo shares.

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