Duolingo, Inc.
MX ˙ BMV ˙ US26603R1068
SecurityMX:DUOL / Duolingo, Inc.
InstitutionMerit Financial Group, LLC
Latest Disclosed Ownership8,841 shares
Latest Disclosed Value $ 871,481
Merit Financial Group, LLC reports 0.80% decrease in ownership of DUOL / Duolingo, Inc.

On April 15, 2026 - Merit Financial Group, LLC filed a 13F-HR form disclosing ownership of 8,841 shares of Duolingo, Inc. (MX:DUOL) valued at $871,481 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 8,912 shares of Duolingo, Inc.. This represents a change in shares of -0.80% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Upgrade to unlock premium data and export to Excel .

Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-15 2026-03-31 13F DUOLINGO CL A COM 26603R106 8,841 -71 -0.80 871 -44.31 0.0050
2026-01-26 2025-12-31 13F DUOLINGO CL A COM 26603R106 8,912 -2,243 -20.11 1,564 -56.43 0.0094
2025-11-07 2025-09-30 13F/A-1 DUOLINGO CL A COM 26603R106 11,155 523 4.92 3,590 -17.64 0.0330
2025-10-20 2025-09-30 13F DUOLINGO CL A COM 26603R106 11,155 523 3,590 0.0330
2025-07-22 2025-06-30 13F DUOLINGO CL A COM 26603R106 10,632 446 4.38 4,359 37.81 0.0486
2025-04-09 2025-03-31 13F DUOLINGO CL A COM 26603R106 10,186 1,544 17.87 3,163 12.92 0.0474
2025-01-15 2024-12-31 13F DUOLINGO CL A COM 26603R106 8,642 683 8.58 2,802 24.82 0.0503
2024-10-17 2024-09-30 13F DUOLINGO CL A COM 26603R106 7,959 -63 -0.79 2,245 34.13 0.0502
2024-08-13 2024-06-30 13F DUOLINGO CL A COM 26603R106 8,022 4 0.05 1,674 -13.05 0.0369
2024-05-06 2024-03-31 13F DUOLINGO CL A COM 26603R106 8,018 8,018 1,924 0.0458
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.