Duolingo, Inc.
MX ˙ BMV ˙ US26603R1068
SecurityMX:DUOL / Duolingo, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership580,981 shares
Ownership 1.90%
Morgan Stanley ownership in DUOL / Duolingo, Inc.

2022-12-09 - Morgan Stanley has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 580,981 shares of Duolingo, Inc. (MX:DUOL). This represents 1.9 percent ownership of the company. In their previous filing dated 2022-02-11 , Morgan Stanley had reported owning 984,249 shares, indicating a decrease of -40.97 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date
Effective
Date
Form Prev
Shares
Latest
Shares
ΔShares
(Percent)
Ownership
(Percent)
ΔOwnership
(Percent)
2022-12-09 2022-12-09 13G/A 984,249 580,981 -40.97 1.90 -69.35
2022-02-11 2022-02-11 13G 984,249 6.20

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

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.

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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)
2026-05-15 2026-03-31 13F DUOLINGO CL A COM 26603R106 953,769 540,282 130.66 94,013 29.55 0.0057
2026-05-27 2025-12-31 13F/A-1 DUOLINGO CL A COM 26603R106 413,487 15,034 3.77 72,567 -43.41 0.0043
2026-02-13 2025-12-31 13F DUOLINGO CL A COM 26603R106 413,487 15,034 72,567 0.0043
2026-05-27 2025-09-30 13F/A-1 DUOLINGO CL A COM 26603R106 398,453 112,744 39.46 128,239 9.47 0.0078
2025-11-14 2025-09-30 13F DUOLINGO CL A COM 26603R106 398,453 112,744 128,239 0.0078
2025-08-15 2025-06-30 13F DUOLINGO CL A COM 26603R106 285,709 47,988 20.19 117,147 58.69 0.0076
2025-05-15 2025-03-31 13F DUOLINGO CL A COM 26603R106 237,721 19,207 8.79 73,823 4.20 0.0053
2025-05-15 2024-12-31 13F/A-1 DUOLINGO CL A COM 26603R106 218,514 -78,052 -26.32 70,850 -15.29 0.0050
2025-02-14 2024-12-31 13F DUOLINGO CL A COM 26603R106 218,514 -78,052 70,850 0.0050
2025-05-14 2024-09-30 13F/A-2 DUOLINGO CL A COM 26603R106 296,566 -49,630 -14.34 83,638 15.78 0.0061
2025-02-14 2024-09-30 13F/A-1 DUOLINGO CL A COM 26603R106 296,566 -49,630 83,638 0.0061
2024-11-14 2024-09-30 13F DUOLINGO CL A COM 26603R106 296,566 -49,630 83,638 0.0061
2025-05-14 2024-06-30 13F/A-2 DUOLINGO CL A COM 26603R106 346,196 5,993 1.76 72,241 -3.73 0.0056
2024-10-17 2024-06-30 13F/A-1 DUOLINGO CL A COM 26603R106 346,196 5,993 72,241 0.0056
2024-08-14 2024-06-30 13F DUOLINGO CL A COM 26603R106 346,196 5,993 72,241 0.0056
2024-10-17 2024-03-31 13F/A-2 DUOLINGO CL A COM 26603R106 340,203 -101,233 -22.93 75,042 -25.06 0.0060
2024-08-16 2024-03-31 13F/A-1 DUOLINGO CL A COM 26603R106 340,203 -101,233 75,042 0.0060
2024-05-15 2024-03-31 13F DUOLINGO CL A COM 26603R106 340,203 -101,233 75,042 0.0060
2024-08-16 2023-12-31 13F/A-1 DUOLINGO CL A COM 26603R106 441,436 100,984 29.66 100,140 77.33 0.0088
2024-02-13 2023-12-31 13F DUOLINGO CL A COM 26603R106 441,436 100,984 100,140 0.0088
2023-11-15 2023-09-30 13F DUOLINGO CL A COM 26603R106 340,452 -205,599 -37.65 56,471 -27.65 0.0057
2023-08-14 2023-06-30 13F DUOLINGO CL A COM 26603R106 546,051 80,177 17.21 78,053 17.50 0.0077
2023-05-15 2023-03-31 13F DUOLINGO CL A COM 26603R106 465,874 -394,575 -45.86 66,429 8.54 0.0071
2023-02-14 2022-12-31 13F DUOLINGO CL A COM 26603R106 860,449 -88,643 -9.34 61,204 -32.28 0.0070
2022-11-14 2022-09-30 13F DUOLINGO CL A COM 26603R106 949,092 69,762 7.93 90,383 17.40 0.0123
2022-10-27 2022-06-30 13F/A-1 DUOLINGO CL A COM 26603R106 879,330 -554,775 -38.68 76,985 -43.56 0.0100
2022-08-15 2022-06-30 13F DUOLINGO CL A COM 26603R106 879,330 -554,775 76,985 0.0020
2022-10-27 2022-03-31 13F/A-1 DUOLINGO CL A COM 26603R106 1,434,105 133,653 10.28 136,397 -1.16 0.0184
2022-05-13 2022-03-31 13F DUOLINGO CL A COM 26603R106 1,434,105 133,653 136,397 0.0184
2022-02-14 2021-12-31 13F DUOLINGO CL A COM 26603R106 1,300,452 415,923 47.02 137,991 -6.22 0.0170
2021-11-15 2021-09-30 13F DUOLINGO CL A COM 26603R106 884,529 884,529 147,150 0.0198
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.