Baillie Gifford acquired 2.48 Million Duolingo shares worth $1.25 Billion. That's 1.03% of their equity portfolio (24th largest holding). The investor owns 10.10% of the outstanding Duolingo stock. The first Duolingo trade was made in Q3 2021. Since then Baillie Gifford bought shares six more times and sold shares on eight occasions. The stake costed the investor $299 Million, netting the investor a gain of 317% so far.