RLX Technology
96 hedge funds and large institutions have $592M invested in RLX Technology in 2025 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 20 increasing their positions, 39 reducing their positions, and 13 closing their positions.
23% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 13
18% more capital invested
Capital invested by funds: $504M → $592M (+$88.2M)
0% more funds holding
Funds holding: 96 → 96 (0)
0.01% less ownership
Funds ownership: 21.23% → 21.22% (-0.01%)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
49% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 39
95% less call options, than puts
Call options by funds: $1.12M | Put options by funds: $23.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FBIL
First Beijing Investment Ltd
Hong Kong
|
+$42.7M |
| 2 |
Jane Street
New York
|
+$5.46M |
| 3 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$3.81M |
| 4 |
D.E. Shaw & Co
New York
|
+$3.06M |
| 5 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$2.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BVC
Bright Valley Capital
Hong Kong
|
-$18.1M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
-$5.8M |
| 3 |
JP Morgan Chase
New York
|
-$5.24M |
| 4 |
PAMI
Perseverance Asset Management International
George Town,
Cayman Islands
|
-$4.11M |
| 5 |
Millennium Management
New York
|
-$4.08M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Point72 Asset Management
Stamford,
Connecticut
| – | -$1.05M | -560,022 | Closed |
|
102
AQR Capital Management
Greenwich,
Connecticut
| – | -$703K | -374,078 | Closed |
|
|
SFI
103
Susquehanna Fundamental Investments
Bala Cynwyd,
Pennsylvania
| – | -$682K | -363,003 | Closed |
|
|
BCM
104
Barometer Capital Management
Toronto,
Ontario, Canada
| – | -$263K | -139,800 | Closed |
|
|
EGM
105
Engineers Gate Manager
New York
| – | -$177K | -94,247 | Closed |
|
|
PAS
106
Point72 Asia (Singapore)
Singapore
| – | -$57.9K | -30,791 | Closed |
|
|
GSC
107
Ground Swell Capital
Folly Beach,
South Carolina
| – | -$46.6K | -24,788 | Closed |
|
|
SW
108
SVB Wealth
Boston,
Massachusetts
| – | -$4.19K | -2,227 | Closed |
|
|
PD
109
Point72 (DIFC)
Dubai,
United Arab Emirates
| – | -$714 | -380 | Closed |
|
RLX Hedge Fund Activity: Q2 2025 in Review
96 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in RLX Technology (RLX) for Q2 2025, worth a combined $592M — up 18% from $504M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new RLX positions and 13 closed out — a net gain of 3 holders — while 20 added to existing stakes and 39 trimmed.
The largest buyer was First Beijing Investment Ltd, adding an estimated $42.7M. The largest seller was Bright Valley Capital, exiting entirely with an estimated $18.1M sold.
- 96 institutional investors held RLX Technology (RLX) as of Q2 2025, unchanged from Q1 2025.
- Funds reported $592M of RLX Technology stock for Q2 2025, up 18% quarter-over-quarter.
- 16 funds opened new RLX Technology positions in Q2 2025 and 13 closed out, a net change of +3 holders.
- The largest RLX Technology buyer in Q2 2025 was First Beijing Investment Ltd, an estimated $42.7M added.
- The largest RLX Technology seller in Q2 2025 was Bright Valley Capital, an estimated $18.1M sold.
Based on aggregated 13F filings for Q2 2025.