Duolingo Ownership | Who Owns Duolingo?

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Duolingo Ownership Summary

Duolingo is owned by 24.09% institutional investors, 0.82% insiders, and 75.09% retail investors. Baillie gifford is the largest institutional shareholder, holding 10.66% 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	24.09%	0.82%	75.09%
Sector	Technology Stocks	35.30%	13.07%	51.63%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Baillie gifford	4.86M	10.66%	$853.18M
Blackrock funding, inc. /de	3.90M	8.55%	$684.25M
Blackrock	3.47M	8.12%	$724.78M
Vanguard group	3.62M	7.94%	$635.62M
Fmr	3.18M	6.97%	$1.02B
Capital world investors	2.24M	4.91%	$393.36M
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	57.94%	$51.74M
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
Foxhaven asset management, lp	499.92K	3.70%	$160.89M
Whale rock capital management	868.17K	3.29%	$279.41M
Durable capital partners lp	874.92K	2.09%	$281.58M
Taika capital, lp	8.32K	2.06%	$2.70M
Mark asset management lp	81.57K	1.89%	$26.25M

Top Buyers

Holder	Shares	% Assets	Change
Baillie gifford	4.86M	0.71%	2.03M
Dragoneer investment group	1.58M	11.23%	1.21M
Blackrock	3.47M	0.02%	976.45K
State of michigan retirement system	560.50K	0.48%	551.00K
Norges bank	490.94K	0.01%	490.94K

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	490.94K	0.01%	490.94K	$86.16M
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
Susquehanna portfolio strategies	45.87K	0.23%	45.87K	$14.76M

Sold Out

Holder	Change
Advisornet financial	-1.00
Atticus wealth management	-1.00
Stephens consulting	-1.00
American capital advisory	-1.00
Toronto dominion bank	-1.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
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%
Dec 31, 2024	467	13.08%	36,089,618	0.04%	75	1.32%	256	19.07%	142	5.19%

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	1.29M	2.77%	120.51K
Vanguard Total Stock Mkt Idx Inv	1.19M	2.56%	2.75K
Vanguard Small Cap Index	861.07K	1.85%	-142.00
Baillie Gifford US Equity Growth	846.56K	1.82%	-
Vanguard US Growth Investor	846.56K	1.82%	-
Capital Group New Perspective Comp	497.22K	1.07%	-
American Funds New Perspective A	497.22K	1.07%	-
Vanguard Small Cap Growth Index Inv	478.64K	1.03%	-8.33K

Recent Insider Transactions

Date	Name	Role	Activity	Value
Feb 17, 2026	Meese Robert	Chief Business Officer	Sell	$110.06K
Feb 18, 2026	Skaruppa Matthew	Chief Financial Officer	Sell	$26.76K
Feb 18, 2026	Skaruppa Matthew	Chief Financial Officer	Sell	$182.53K
Feb 17, 2026	Skaruppa Matthew	Chief Financial Officer	Sell	$205.81K
Feb 18, 2026	Skaruppa Matthew	Chief Financial Officer	Sell	$201.70K

Insider Transactions Trends

Date	Buy	Sell
2026 Q1	-	16
2025 Q4	-	71
2025 Q3	-	95
2025 Q2	-	132
2025 Q1	-	139

DUOL Ownership FAQ

Who owns the most shares of Duolingo?

Duolingo’s largest shareholders are Baillie gifford (4.86M shares, 10.66%), Blackrock funding, inc. /de (3.9M shares, 8.55%), and Blackrock (3.47M shares, 8.12%). Together, they hold 27.33% 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 57.94% of its assets in 294.81K Duolingo shares, valued at 51.74M$.

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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