Duolingo, Inc. (DUOL) Ownership
DUOL ownership summary
as of October 18, 2026- Institutions
- 99.8% of shares outstanding
- Insiders
- 1.50% of shares outstanding
- Shares outstanding
- 40.2M
- Float
- 40.0M shares available to trade
- Short interest
- 20.37% 7.2M shares short
- Days to cover
- 6.01 short interest up 8.8% vs prior month
- Institutions 99.76%
- Insiders 1.50%
DUOL top institutional holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | Baillie Gifford & Co Limited. | 10.31% | 4.8M | $683.9M | −51,512 (−1.1%) | June 30, 2026 |
| 2 | BlackRock Inc | 8.27% | 3.9M | $548.2M | −119,386 (−3.0%) | June 30, 2026 |
| 3 | AQR Capital Management LLC | 4.99% | 2.3M | $330.7M | +2.2M (+2,019.6%) | June 30, 2026 |
| 4 | Vanguard Capital Management, LLC | 3.73% | 1.7M | $247.5M | +22,557 (+1.3%) | June 30, 2026 |
| 5 | Two Sigma Investments LLC | 3.48% | 1.6M | $231.0M | +233,698 (+16.7%) | June 30, 2026 |
| 6 | Fidelity International Ltd | 3.43% | 1.6M | $227.3M | −19,251 (−1.2%) | June 30, 2026 |
| 7 | Vanguard Portfolio Management, LLC | 3.43% | 1.6M | $227.3M | −29,370 (−1.8%) | June 30, 2026 |
| 8 | Federated Hermes Inc | 2.93% | 1.4M | $194.5M | +118,791 (+9.5%) | June 30, 2026 |
| 9 | State Treasurer State Of Michigan | 2.79% | 1.3M | $185.2M | +112,800 (+9.5%) | June 30, 2026 |
| 10 | State Street Corp | 2.63% | 1.2M | $174.3M | +45,747 (+3.9%) | June 30, 2026 |
| 11 | Bank of America Corp | 2.54% | 1.2M | $168.7M | −141,923 (−10.7%) | June 30, 2026 |
| 12 | FMR Inc | 2.42% | 1.1M | $160.3M | +37,797 (+3.5%) | June 30, 2026 |
| 13 | UBS Group AG | 2.19% | 1.0M | $145.4M | −72,060 (−6.6%) | June 30, 2026 |
| 14 | Geode Capital Management, LLC | 1.64% | 769K | $109.0M | −49,257 (−6.0%) | June 30, 2026 |
| 15 | The Goldman Sachs Group Inc | 1.33% | 625K | $88.5M | +272,081 (+77.2%) | June 30, 2026 |
| 16 | Quinn Opportunity Partners LLC | 1.19% | 556K | $78.8M | +58,302 (+11.7%) | June 30, 2026 |
| 17 | Morgan Stanley - Brokerage Accounts | 1.08% | 506K | $71.8M | −447,603 (−46.9%) | June 30, 2026 |
| 18 | Gilder Gagnon Howe & CO LLC | 1.07% | 502K | $71.2M | −6,206 (−1.2%) | June 30, 2026 |
| 19 | Whale Rock Capital Management LLC | 1.01% | 472K | $66.9M | — | June 30, 2026 |
| 20 | Amundi | 1.01% | 471K | $66.8M | +22,220 (+4.9%) | June 30, 2026 |
Value at the latest close. Change = shares bought or sold in the latest quarterly filing (13F). In the top 20, 10 holders added 3.1M shares and 9 cut 937K.
DUOL top mutual fund and ETF holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | iShares Core S&P Mid-Cap ETF | 3.08% | 1.4M | $204.0M | −516 (−0.0%) | September 30, 2026 |
| 2 | Vanguard MStar Total Stk Mkt Idx Invest | 2.60% | 1.2M | $172.2M | −1,496 (−0.1%) | August 31, 2026 |
| 3 | Jupiter Merian Glb Eq Abs Rt I USD Acc | 2.37% | 1.1M | $157.4M | +576,398 (+108.0%) | June 30, 2026 |
| 4 | Fidelity Global Technology A-Dis-EUR | 2.08% | 974K | $138.0M | +69,610 (+7.7%) | August 31, 2026 |
| 5 | Vanguard Small Cap Index | 1.88% | 880K | $124.7M | +961 (+0.1%) | August 31, 2026 |
| 6 | Vanguard US Growth Investor | 1.85% | 865K | $122.6M | — | June 30, 2026 |
| 7 | Federated Hermes MDT Mid Cap Growth A | 1.50% | 702K | $99.6M | −27,835 (−3.8%) | June 30, 2026 |
| 8 | Vanguard MStar Small Cap Growth Indx Inv | 1.08% | 505K | $71.6M | −4,202 (−0.8%) | August 31, 2026 |
| 9 | State Street® SPDR® S&P MIDCAP 400® ETF | 0.63% | 294K | $41.7M | −3,314 (−1.1%) | August 31, 2026 |
| 10 | Fidelity Mid-Cap Stock | 0.58% | 272K | $38.5M | +20,800 (+8.3%) | August 31, 2026 |
| 11 | Baillie Gifford American B Inc | 0.57% | 267K | $37.9M | −1,334 (−0.5%) | August 31, 2026 |
| 12 | Baillie Gifford WW L/T Glb Gr B USD Acc | 0.50% | 233K | $33.0M | −522 (−0.2%) | August 31, 2026 |
| 13 | State Street SPDR Port S&P 400 Md CpETF | 0.46% | 214K | $30.3M | −304 (−0.1%) | September 30, 2026 |
| 14 | Schwab US Small-Cap ETF™ | 0.45% | 213K | $30.1M | +135 (+0.1%) | September 30, 2026 |
| 15 | Pacer US Large Cp CA Cows Gr Ldrs ETF | 0.45% | 212K | $30.0M | — | September 30, 2026 |
| 16 | Fidelity Extended Market Index | 0.42% | 198K | $28.0M | +3,955 (+2.0%) | August 31, 2026 |
| 17 | Baillie Gifford Positive Change B Acc | 0.42% | 196K | $27.8M | −4,758 (−2.4%) | August 31, 2026 |
| 18 | Federated Hermes MDT Market Neutral IS | 0.41% | 194K | $27.5M | +44,900 (+30.1%) | June 30, 2026 |
| 19 | FAST - Global Fund I-PF-ACC-USD | 0.40% | 187K | $26.5M | −33 (−0.0%) | June 30, 2026 |
| 20 | Fidelity OTC | 0.39% | 184K | $26.1M | — | August 31, 2026 |
Funds report holdings monthly or quarterly; dates differ by fund.
DUOL insider transactions
latest 20| Date | Name | Transaction | Price | Shares | Value |
|---|---|---|---|---|---|
| 2026-03-03 | James H Shelton | Buy | $99.76 | 5,000 | $498,800 |
| 2026-02-18 | Natalie Glance | Sell | $113.51 | 3,545 | $402,393 |
| 2026-02-18 | Matthew Skaruppa | Sell | $113.52 | 3,986 | $452,491 |
| 2026-02-18 | Stephen C Chen | Sell | $113.26 | 1,901 | $215,307 |
| 2026-02-17 | Matthew Skaruppa | Sell | $110.06 | 1,870 | $205,812 |
| 2026-02-17 | Natalie Glance | Sell | $110.06 | 1,741 | $191,614 |
| 2026-02-17 | Robert Meese | Sell | $110.06 | 1,000 | $110,060 |
| 2026-02-17 | Stephen C Chen | Sell | $110.06 | 896 | $98,614 |
| 2025-11-19 | Severin Hacker | Sell | $172.74 | 10,000 | $1.7M |
| 2025-11-18 | Stephen C Chen | Sell | $175.87 | 1,514 | $266,267 |
| 2025-11-18 | Stephen C Chen | Sell | $175.87 | 1,514 | $266,267 |
| 2025-11-18 | Natalie Glance | Sell | $175.79 | 2,471 | $434,377 |
| 2025-11-18 | Matthew Skaruppa | Sell | $175.76 | 3,059 | $537,650 |
| 2025-11-18 | Natalie Glance | Sell | $175.79 | 2,471 | $434,377 |
| 2025-11-17 | Robert Meese | Sell | $177.95 | 1,444 | $256,960 |
| 2025-11-17 | Matthew Skaruppa | Sell | $177.95 | 2,799 | $498,082 |
| 2025-11-17 | Matthew Skaruppa | Sell | $177.95 | 2,799 | $498,082 |
| 2025-11-17 | Stephen C Chen | Sell | $177.95 | 1,282 | $228,132 |
| 2025-11-17 | Stephen C Chen | Sell | $177.95 | 1,282 | $228,132 |
| 2025-11-17 | Natalie Glance | Sell | $177.95 | 2,534 | $450,925 |
Reported trades by company officers, directors and other filers (including disclosures by members of Congress where EODHD lists them). "—" where the filing gives no share count.
DUOL shares outstanding
Year-end shares outstanding, adjusted for splits.
Who owns DUOL
Institutional investors own 99.8% of Duolingo's shares and insiders 1.50%. The largest holder is Baillie Gifford & Co Limited. with 10.31% of the shares (4.8M), as of June 30, 2026. Among the top 20 institutions, 10 added shares and 9 reduced their stake in the latest filings. Short interest is 20.37% of the float, or 6.01 days of average trading volume. The share count rose 38.7% since 2019.
Related: DUOL analyst forecast, DUOL key metrics. See the DUOL stock overview for the latest quote and news.
DUOL ownership FAQ
Who owns the most Duolingo stock?
The largest shareholders of Duolingo are Baillie Gifford & Co Limited. (10.31%), BlackRock Inc (8.27%), AQR Capital Management LLC (4.99%), Vanguard Capital Management, LLC (3.73%), Two Sigma Investments LLC (3.48%).
What percentage of Duolingo is owned by institutions?
Institutions hold 99.8% of Duolingo's shares outstanding; insiders hold 1.50%.
Which funds own Duolingo?
The largest fund holders of Duolingo are iShares Core S&P Mid-Cap ETF (3.08%), Vanguard MStar Total Stk Mkt Idx Invest (2.60%), Jupiter Merian Glb Eq Abs Rt I USD Acc (2.37%), Fidelity Global Technology A-Dis-EUR (2.08%), Vanguard Small Cap Index (1.88%).
What is Duolingo's short interest?
7.2M shares of Duolingo were sold short, 20.37% of the float; at the average daily volume it would take 6.01 days to cover.
Are insiders buying or selling Duolingo?
Of the latest 20 reported insider transactions in Duolingo (since November 17, 2025), 1 were purchases and 19 were sales.
How many shares of Duolingo are outstanding?
Duolingo has 40.2M shares outstanding, of which 40.0M are in the public float.