Investment management firm Baillie Gifford & Co. increased its position in Duolingo, Inc. by 2,033,611 shares. The firm reported the fourth-quarter transaction in a filing on April 13, 2026. This purchase boosted total holdings by 71.9%. Baillie Gifford now holds 4,861,445 shares.
The firm controls a 10.52% stake in the company. The total investment is valued at approximately $853.2 million. Duolingo now represents the firm's 29th largest position.
The substantial buy comes despite a significant year-to-date slide in share price. Duolingo recently exceeded quarterly earnings estimates. The company also beat revenue expectations.