Dragoneer Investment Group LLC significantly increased its stake in Duolingo, Inc. during the third quarter, according to a recent SEC disclosure. The firm boosted its holdings by 324.4%, acquiring an additional 1,208,346 shares.
This purchase brings Dragoneer’s total ownership to 1,580,787 shares. This total constitutes approximately 3.42% of Duolingo.
Duolingo now represents 11.2% of Dragoneer Investment Group's portfolio. The acquisition makes Duolingo the firm's largest single position.
The filing did not include specific market reaction analysis.