Duolingo Ownership | Who Owns Duolingo?

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Duolingo Ownership Summary

Duolingo is owned by 78.20% institutional investors, 1.32% insiders, and 20.48% retail investors. Baillie gifford is the largest institutional shareholder, holding 10.46% of DUOL shares. Capital Group Growth Fnd of Amer Comp is the top mutual fund, with 3.44% of its assets in Duolingo shares.

DUOL Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Duolingo	78.20%	1.32%	20.48%
Sector	Technology Stocks	36.93%	14.89%	48.18%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Baillie gifford	4.88M	10.46%	$480.61M
Blackrock funding, inc. /de	3.99M	8.55%	$392.95M
Blackrock	3.47M	8.12%	$724.78M
Vanguard group	3.62M	7.94%	$635.62M
Fil	1.62M	3.48%	$159.96M
Two sigma investments, lp	1.40M	2.99%	$137.56M
Federated hermes	1.25M	2.69%	$123.51M
State of michigan retirement system	1.19M	2.56%	$117.62M
State street	1.18M	2.54%	$116.67M
Ubs group	1.10M	2.35%	$108.24M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Carnegie mellon university	294.81K	45.16%	$29.06M
Arthedge capital management	74.80K	6.38%	$7.37M
Square peg capital pty	41.29K	5.41%	$4.07M
Semanteon capital management, lp	2.03K	2.69%	$200.49K
Quinn opportunity partners	497.36K	2.56%	$49.02M
Audent global asset management	21.70K	2.13%	$2.14M
Taika capital, lp	8.32K	2.06%	$2.70M
Ground swell capital	10.00K	1.94%	$985.70K
Mark asset management lp	81.57K	1.89%	$26.25M
Lane generational	23.32K	1.83%	$2.30M

Top Buyers

Holder	Shares	% Assets	Change
Two sigma investments, lp	1.40M	0.11%	1.21M
Federated hermes	1.25M	0.20%	1.16M
Fil	1.62M	0.12%	1.13M
Blackrock	3.47M	0.02%	976.45K
Ubs group	1.10M	0.02%	786.44K

Top Sellers

Holder	Shares	% Assets	Change
Capital world investors	-	-	-2.24M
Fmr	1.09M	0.01%	-1.55M
Dragoneer investment group	-	-	-1.16M
T. rowe price investment management	-	-	-778.82K
Aqr capital management	110.05K	0.01%	-664.66K

New Positions

Holder	Shares	% Assets	Change	Value
Norges bank	490.94K	0.01%	490.94K	$86.16M
Voloridge investment management	429.33K	0.17%	429.33K	$42.32M
Vanguard fiduciary trust	251.78K	0.01%	251.78K	$24.82M
Nantahala capital management	100.00K	0.36%	100.00K	$9.86M
Nishkama capital	97.78K	0.75%	97.78K	$31.47M

Sold Out

Holder	Change
Advisornet financial	-1.00
American capital advisory	-1.00
Atticus wealth management	-1.00
Stephens consulting	-1.00
Laurel wealth advisors	-1.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Mar 31, 2026	391	-23.18%	36,463,723	-3.48%	78	1.14%	218	-11.74%	111	-39.67%
Dec 31, 2025	155	-73.73%	10,985,378	-71.87%	24	0.33%	74	-77.02%	60	-66.29%
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%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
Capital Group Growth Fnd of Amer Comp	1.61M	3.44%	-
American Funds Growth Fund of Amer A	1.61M	3.44%	-
iShares Core S&P Mid-Cap ETF	1.35M	2.89%	-688.00
Fidelity Global Technology A-Dis-EUR	1.29M	2.75%	-1.60K
Vanguard Total Stock Mkt Idx Inv	1.21M	2.59%	3.10K
Vanguard Small Cap Index	875.67K	1.87%	-943.00
Vanguard US Growth Investor	864.73K	1.85%	18.17K
Federated Hermes MDT Mid Cap Growth A	730.32K	1.56%	730.32K
Federated Hermes MDT MCG Institutional	730.32K	1.56%	730.32K
Strategic Advisers Fidelity US TtlStk	506.06K	1.08%	36.33K

Recent Insider Transactions

Date	Name	Role	Activity	Value
May 15, 2026	Chen Stephen C.	General Counsel	Sell	$91.97K
May 18, 2026	Chen Stephen C.	General Counsel	Sell	$144.65K
May 18, 2026	Chen Stephen C.	General Counsel	Sell	$79.96K
May 15, 2026	Glance Natalie	Chief Engineering Officer	Sell	$216.36K
May 18, 2026	Glance Natalie	Chief Engineering Officer	Sell	$233.22K

Insider Transactions Trends

Date	Buy	Sell
2026 Q2	-	7
2026 Q1	1	16
2025 Q4	-	71
2025 Q3	-	95
2025 Q2	-	132

DUOL Ownership FAQ

Who owns the most shares of Duolingo?

Duolingo’s largest shareholders are Baillie gifford (4.88M shares, 10.46%), Blackrock funding, inc. /de (3.99M shares, 8.55%), and Blackrock (3.47M shares, 8.12%). Together, they hold 27.13% 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 45.16% of its assets in 294.81K Duolingo shares, valued at 29.06M$.

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 3.44% of its total shares outstanding invested in 1.61M Duolingo shares.

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