First Beijing Investment Ltd’s RLX Technology RLX Stock Holding History

First Beijing Investment Ltd’s Portfolio RLX Stock Details RLX Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$132M	Sell	60,129,671 -2,734,753	-4%	-$6.29M	5.71%	4
2025 Q4	$146M	Hold	62,864,424	–	–	5.78%	5
2025 Q3	$165M	Hold	62,864,424	–	–	6.38%	5
2025 Q2	$139M	Buy	62,864,424 +21,828,379	+53%	+$42.7M	7.77%	5
2025 Q1	$77.1M	Buy	41,036,045 +17,661,160	+76%	+$39.2M	5.3%	6
2024 Q4	$50.5M	Sell	23,374,885 -5,065,363	-18%	-$9.11M	3.58%	6
2024 Q3	$51.5M	Buy	28,440,248 +7,159,064	+34%	+$12.3M	3.78%	7
2024 Q2	$39.2M	Buy	21,281,184 +7,306,782	+52%	+$13.8M	4.24%	4
2024 Q1	$26.8M	Buy	13,974,402 +801,702	+6%	+$1.53M	5.16%	4
2023 Q4	$26.3M	Sell	13,172,700 -60,782	-0.5%	-$113K	4.36%	7
2023 Q3	$20M	Buy	+13,233,482	New	+$20.7M	3.85%	8

Other funds holding RLX

ICVCFVA

IDG China Venture Capital Fund V Associates Hong Kong $126M AUM 17.02% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

OCM

OLP Capital Management Causeway Bay, Hong Kong $942M AUM 5.25% 1-Year Est. Return

D.E. Shaw & Co New York $166B AUM 43.98% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

AMH

Aspex Management (HK) Central, Hong Kong $6.9B AUM 28.37% 1-Year Est. Return

PAMI

Perseverance Asset Management International George Town, Cayman Islands $909M AUM 17.42% 1-Year Est. Return

OMC

Oasis Management Company Grand Cayman, Cayman Islands $1.72B AUM 32.1% 1-Year Est. Return

Barclays London, United Kingdom $416B AUM 33.63% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

First Beijing Investment Ltd's RLX Position: Q1 2026 in Review

First Beijing Investment Ltd reduced its RLX Technology (RLX) stake by 4.4% in Q1 2026, selling an estimated $6.29M and leaving 60,129,671 shares worth $132M. The position accounts for 5.71% of the portfolio, ranked #4.

First Beijing Investment Ltd first reported a position in RLX in Q3 2023 and has held it in 11 quarters since. The position peaked at $165M in Q3 2025. 103 funds tracked by Wall St. Rank hold RLX as of Q1 2026.

First Beijing Investment Ltd held 60,129,671 shares of RLX Technology worth $132M as of Q1 2026.
First Beijing Investment Ltd sold 2,734,753 RLX Technology shares in Q1 2026, an estimated $6.29M.
RLX Technology made up 5.71% of First Beijing Investment Ltd's portfolio in Q1 2026, its #4 holding.
First Beijing Investment Ltd first reported a position in RLX Technology in Q3 2023 and has held it in 11 quarters since.
First Beijing Investment Ltd's RLX Technology position peaked at $165M in Q3 2025.
103 funds tracked by Wall St. Rank held RLX Technology as of Q1 2026.

Based on First Beijing Investment Ltd's 13F filing for Q1 2026, filed 13 May 2026.