Several institutional investors reported new and increased equity positions in Duolingo Inc., according to regulatory filings disclosed on November 21, 2025. Empowered Funds LLC established a new stake with the purchase of 19,800 shares, while Dynamic Technology Lab Private Ltd and EFG Asset Management Americas Corp. also initiated new positions. ABN AMRO Bank N.V. also made a new investment of nearly 4,000 shares. These disclosures are based on Form 13F filings, which detail holdings from the second quarter of 2025. Among other movements, Artisan Partners Limited Partnership significantly grew its position in the company by over 700%. While these filings indicate institutional interest in the stock during the prior quarter, the reports did not contain analysis of any immediate market reaction to the disclosures themselves.