Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Duolingo Inc (DUOL)

368 + Investors. Track Smart Money conviction in DUOL. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -98
Streak
3Q ▼
Buyers last Q
45%

Smart Money Signals — DUOL

Based on 369 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their DUOL positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻

Below peak — only 63% of 3.0Y high

63% of all-time peak
Only 369 funds hold DUOL today versus a peak of 582 funds at 2025 Q2 — just 63% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉

Outflows — 22% fewer funds vs a year ago

fund count last 6Q
104 fewer hedge funds hold DUOL compared to a year ago (-22% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 45% buying

230 buying280 selling
Last quarter: 280 funds reduced or exited vs 230 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-35 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 163 → 96 → 96 → 61. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

43% of holders stayed for 2+ years

■ 43% conviction (2yr+) ■ 33% medium ■ 24% new
160 out of 369 hedge funds have held DUOL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +3%, value -42%

Value
-42%
Shares
+3%
Last quarter: funds added +3% more shares while total portfolio value only changed -42%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

99 → 163 → 96 → 96 → 61 new funds/Q
New funds entering each quarter: 163 → 96 → 96 → 61. DUOL is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 51% veterans vs 30% newcomers

■ 51% veterans ■ 19% 1-2yr ■ 30% new
Entry-cohort mix of 397 holders: 204 (51%) are 2+ year veterans, 75 entered 1–2 years ago, and 118 (30%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 51% AUM from top-100 funds

51% from top-100 AUM funds
54 of 364 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in DUOL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.0
out of 10
Low Exit Risk
Exit risk score 2.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — DUOL

In 2026 Q1, 230 hedge funds were net buyers of DUOL (61 opened a new position, 169 added to an existing one), while 280 reduced or exited (121 trimmed, 159 sold completely) — a 45% buyer ratio, indicating roughly balanced activity. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 51% of total institutional value in DUOL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -98 funds (more exits than new entries). Total institutional holders: 369.

Hedge Fund Ownership: DUOL

How many hedge funds hold DUOL — quarterly history vs. share price
Quarterly hedge fund ownership of DUOL vs. share price

Market Analysis: DUOL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DUOL

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Duolingo Inc (DUOL) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much DUOL has moved relative to its sector benchmark (XLK) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 82d ago
DUOL
nan%
XLK
+44.0%

DUOL outperformed XLK by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
DUOL
nan%
XLK
+8.6%

Since the filing became public, DUOL outperformed XLK by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

32 top-rated funds 5 high-conviction
Consensus
6.6
/ 10
breadth
×
Elite
4.0
/ 10
conviction
Hedge Fund Positioning: DUOL
368 + Investors

Track Smart Money conviction in DUOL. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 368 467 -21.2%
13F Shares 45M 43M 3.04%
Total Value $4.36B $7.53B -42.07%
New Positions 60 96 -36
Increased Positions 162 148 +14
Closed Positions 159 171 -12
Reduced Positions 112 183 -71
Total Calls 18 20 -10.0%
Total Puts 15 19 -21.05%
PUT/CALL Ratio 0.83 0.95 Neutral

Statistics: DUOL

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

368 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in DUOL. Verified SEC 13F-HR filings.

QUARTER:
Top 25 DUOL holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Carnegie Mellon University 45.16% 294,814 $29.1M
2 Arthedge Capital Management, LLC 6.38% 74,800 $7.4M
3 Square Peg Capital Pty Ltd 5.41% 41,288 $4.1M
4 Semanteon Capital Management, LP 2.69% 2,034 $200K
5 Quinn Opportunity Partners LLC 2.56% 497,362 $49.0M
6 Audent Global Asset Management, LLC 2.13% 21,700 $2.1M
7 Intercapital, LLC 1.98% 60,000 $5.9M
8 Ground Swell Capital, LLC 1.94% 10,000 $986K
9 Intercapital, LLC 1.89% 57,500 $5.7M
10 Lane Generational LLC 1.83% 23,319 $2.3M
11 Step Capital Management Pte. Ltd. 0.79% 20,000 $2.0M
12 State of Michigan Retirement System 0.62% 1,193,307 $117.6M
13 Gilder Gagnon Howe & Co LLC 0.60% 508,550 $50.1M
14 Whale Rock Capital Management LLC 0.60% 471,764 $46.5M
15 FORA Capital, LLC 0.50% 68,856 $6.8M
16 Brown Capital Management LLC 0.49% 35,299 $3.5M
17 Baillie Gifford & Co 0.49% 4,875,810 $480.6M
18 Axq Capital, LP 0.43% 33,703 $3.3M
19 Proem Advisors LLC 0.40% 68,450 $6.7M
20 Nantahala Capital Management, LLC 0.36% 100,000 $9.9M
21 Optimize Financial Inc 0.30% 6,287 $620K
22 Headlands Technologies LLC 0.29% 26,256 $2.6M
23 Voleon Capital Management LP 0.29% 137,050 $13.5M
24 Owl Creek Asset Management, L.P. 0.28% 39,000 $3.8M
25 Odyssean, LLC 0.26% 7,350 $724K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Duolingo Inc (DUOL)

What does the Smart Money Trend signal show for DUOL?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their DUOL positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for DUOL?

More sellers than buyers — 45% buying: Last quarter: 280 funds reduced or exited vs 230 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for DUOL holders?

Elite ownership — 51% AUM from top-100 funds: 54 of 364 holders are among the 100 largest funds by AUM, controlling 51% of total institutional value in DUOL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held DUOL?

43% of holders stayed for 2+ years: 160 out of 369 hedge funds have held DUOL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Duolingo Inc (DUOL) following the 2026 Q1 hedge fund 13F filings?

As of today, DUOL has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +8.6% for the XLK sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), DUOL has gained nan% vs +44.0% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →