Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Duolingo Inc (DUOL)

427 + 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
↑ +62
Streak
1Q ▲
Buyers last Q
59%

Smart Money Signals — DUOL

Based on 434 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added DUOL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 74% of 3.0Y peak

74% of all-time peak
434 funds currently hold this stock — 74% of the 3.0-year high of 584 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 26% fewer funds vs a year ago

fund count last 6Q
150 fewer hedge funds hold DUOL compared to a year ago (-26% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 59% buying

272 buying191 selling
Last quarter: 272 funds bought or added vs 191 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+62 vs last Q)

new funds entering per quarter
Funds opening a new DUOL position: 96 → 96 → 62 → 124. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

45% of holders stayed for 2+ years

■ 45% conviction (2yr+) ■ 29% medium ■ 25% new
197 out of 434 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.
➡️

Steady discovery — ~124 new funds/quarter

165 → 96 → 96 → 62 → 124 new funds/Q
New funds entering each quarter: 96 → 96 → 62 → 124. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 49% veterans vs 29% newcomers

■ 49% veterans ■ 22% 1-2yr ■ 29% new
Entry-cohort mix of 468 holders: 230 (49%) are 2+ year veterans, 101 entered 1–2 years ago, and 137 (29%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 52% AUM from top-100 funds

52% from top-100 AUM funds
60 of 431 holders are among the 100 largest funds by AUM, controlling 52% 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.
2.3
out of 10
Low Exit Risk
Exit risk score 2.3/10 — 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 Q2, 272 hedge funds were net buyers of DUOL (124 opened a new position, 148 added to an existing one), while 191 reduced or exited (129 trimmed, 62 sold completely) — a 59% buyer ratio, indicating a slight buying edge. 52% of total institutional value in DUOL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +62 funds (more new holders than closures). Total institutional holders: 434.

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 Q2 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 June 30, 2026 · 88d ago
DUOL
+25.9%
XLK
+2.8%

DUOL outperformed XLK by +23.1% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 43d ago
DUOL
+9.0%
XLK
+3.1%

Since the filing became public, DUOL outperformed XLK by +5.9% .

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.

21 top-rated funds 3 high-conviction
Consensus
5.8
/ 10
breadth
×
Elite
2.9
/ 10
conviction
Hedge Fund Positioning: DUOL
427 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 427 372 14.78%
13F Shares 51M 45M 12.24%
Total Value $5.31B $4.51B 17.7%
New Positions 122 62 +60
Increased Positions 140 163 -23
Closed Positions 64 158 -94
Reduced Positions 123 113 +10
Total Calls 19 18 5.56%
Total Puts 18 15 20.0%
PUT/CALL Ratio 0.95 0.83 Neutral

Statistics: DUOL

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

427 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Carnegie Mellon University 42.96% 294,814 $33.9M
2 Arthedge Capital Management, LLC 5.36% 74,800 $8.6M
3 Quinn Opportunity Partners LLC 2.96% 555,664 $63.9M
4 Winmill & CO. Inc 2.20% 86,552 $10.0M
5 Leibman Financial Services, Inc. 1.85% 24,222 $2.8M
6 Lane Generational LLC 1.75% 17,307 $2.0M
7 Eschler Asset Management LLP 1.60% 7,806 $898K
8 Lotus Technology Management, LP 1.16% 7,675 $949K
9 KR Capital LP 0.78% 68,462 $7.9M
10 Polymer Capital Management (HK) LTD 0.71% 122,300 $14.1M
11 Brown Capital Management LLC 0.70% 30,304 $3.5M
12 State of Michigan Retirement System 0.67% 1,306,107 $150.2M
13 Gilder Gagnon Howe & Co LLC 0.60% 502,344 $57.8M
14 Intercapital, LLC 0.52% 18,000 $2.1M
15 Twinbeech Capital LP 0.52% 24,789 $2.9M
16 Baillie Gifford & Co 0.50% 4,824,298 $554.9M
17 Whale Rock Capital Management LLC 0.44% 471,764 $54.3M
18 Jump Financial, LLC 0.43% 104,693 $32.5M
19 Proem Advisors LLC 0.42% 68,450 $7.9M
20 Nantahala Capital Management, LLC 0.32% 83,877 $9.6M
21 Landscape Capital Management, L.L.C. 0.32% 42,581 $4.9M
22 Ahara Advisors LLC 0.30% 10,571 $449K
23 Headlands Technologies LLC 0.26% 21,452 $2.5M
24 Optimize Financial INC. 0.26% 6,266 $721K
25 AlphaGrep UK Ltd 0.26% 4,356 $764K
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?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added DUOL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for DUOL?

Slight buying edge — 59% buying: Last quarter: 272 funds bought or added vs 191 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for DUOL holders?

Elite ownership — 52% AUM from top-100 funds: 60 of 431 holders are among the 100 largest funds by AUM, controlling 52% 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?

45% of holders stayed for 2+ years: 197 out of 434 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 Q2 hedge fund 13F filings?

As of today, DUOL has moved +9.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +3.1% for the XLK sector ETF — an outperformance of +5.9%. Since the quarter end (June 30, 2026), DUOL has gained +25.9% vs +2.8% 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.

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