Baillie Gifford acquired 3.54 Million Duolingo shares worth $688 Million. That's 0.52% of their equity portfolio (42nd largest holding). The investor owns 10.42% 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 four occasions. The stake costed the investor $427 Million, netting the investor a gain of 61% so far.