What smart money is saying about Duolingo, Inc.
4 funds in our archive have pitched Duolingo, Inc., most recently Infuse AM in March 2026.
Duolingo, Inc. develops a language-learning website and mobile app in the United States and China. The company offers courses in 40 different languages, including Spanish, English, French, Japanese, German, Italian, Chinese, Portuguese, and others. It also provides a digital language proficiency assessment exam. The company was incorporated in 2011 and is headquartered in Pittsburgh, Pennsylvania.
Get an email when a fund buys, sells or pitches it
Position history
Between Q2 2025 and Q2 2026, 4 fund letters reported a position in Duolingo, Inc., with 1 buy (opened or added) and 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 2 | 1 | 0 | 0 |
| Q1 2026 | 1 | 0 | 0 | 1 |
| Q4 2025 | 1 | 0 | 1 | 1 |
| Q3 2025 | 0 | 0 | 0 | 1 |
| Q2 2025 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 4 positions · 2 moves
- June 2026
“Stocks in our portfolio affected – HNI Corp (HNI) , Booking Holdings (BKNG) , TripAdvisor (TRIP), Lyft (LYFT) , Charles Schwab (SCHW) , Gitlab (GTLB) , S&P Global (SPGI) , Duolingo (DUOL) , CDW, MSFT”
Duolingo, Inc. - June 2026
“Duolingo (DUOL) is the world’s leading language learning platform.”
Duolingo, Inc. - HoldsInfuse AMMarch 2026
“In this spirit, I want to briefly discuss two companies that have been losers in the portfolio thus far but I think have a good chance of becoming vastly larger companies. The first one is Duolingo.”
Duolingo, Inc. - December 2025
“We also exited six positions: Avidity Biosciences (which was acquired by Novartis), Installed Building Products, Glaukos, Biohaven, Qualys and Duolingo.”
Duolingo, Inc.
Also mentioned · 1
These funds discuss Duolingo, Inc. as a competitor, benchmark or comparable, without disclosing a position in it.
- September 2025
“We were hurt by some of our broader hedges in the quarter including SPDR S&P Homebuilders ETF, the Industrial Select ETF short and the Invesco QQQ Trust Series, and we benefited from several individual company shorts including Duolingo, Fidelity National Information Services, Texas Roadhouse, and former long Lululemon.”
Duolingo, Inc.
Fund coverage · 4 theses
- Infuse AMMarch 2026
Duolingo, Inc. is a language-learning platform leveraging AI to improve courses, with potential for re-accelerating user growth and significant long-term free cash flow relative to its current enterprise value.
Read the full thesis - Infuse AMDecember 2025
Duolingo is an engagement-driven education platform expanding into multiple subjects and integrating AI, with exceptional growth endurance and founder-led vision bought at ~18x FCF.
Read the full thesis - Sands Capital Technology InnovatorsSeptember 2025
Duolingo is the leading global language-learning app with potential for increased monetization by targeting a larger audience with AI-powered tools.
Read the full thesis - Artisan US Mid Cap Growth StrategyJune 2025
Duolingo is a leading online language learning platform known for its gamified approach and strong growth potential through premium subscriptions, global expansion, and innovative educational products.
Read the full thesis
Read every full thesis on Duolingo, Inc.
Read all 4 theses in full, with each fund's reasoning, and get unlimited access to the archive.
View plans→