RLX Technology
91 hedge funds and large institutions have $663M invested in RLX Technology in 2025 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 28 increasing their positions, 34 reducing their positions, and 17 closing their positions.
12% more capital invested
Capital invested by funds: $592M → $663M (+$71.5M)
1.23% less ownership
Funds ownership: 21.22% → 19.99% (-1.2%)
5% less funds holding
Funds holding: 96 → 91 (-5)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
18% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 34
29% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 17
92% less call options, than puts
Call options by funds: $2.31M | Put options by funds: $27.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
+$9.24M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$7.14M |
| 3 |
Morgan Stanley
New York
|
+$6.61M |
| 4 |
Jane Street
New York
|
+$4.75M |
| 5 |
Mariner
Overland Park,
Kansas
|
+$3.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM
Wildcat Capital Management
New York
|
-$27.6M |
| 2 |
Goldman Sachs
New York
|
-$14.4M |
| 3 |
OPL
Orland Properties Ltd
Road Town, Tortola,
British Virgin Islands
|
-$10.2M |
| 4 |
AMH
Aspex Management (HK)
Central,
Hong Kong
|
-$10M |
| 5 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$8.41M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$22K | -10,000 | Closed |
|
|
MCM
102
MAI Capital Management
Independence,
Ohio
| – | -$20.7K | -9,379 | Closed |
|
103
Citigroup
New York
| – | -$13K | -5,870 | Closed |
|
104
Group One Trading
Chicago,
Illinois
| – | -$10.2K | -4,276 | Closed |
|
|
WSFS
105
Wilmington Savings Fund Society
Wilmington,
Delaware
| – | -$1.59K | -720 | Closed |
|
|
SO
106
Sierra Ocean
Ripon,
California
| – | -$1.18K | -534 | Closed |
|
|
NC
107
NewSquare Capital
Newtown Square,
Pennsylvania
| – | -$332 | -150 | Closed |
|
108
Bessemer Group
Woodbridge,
New Jersey
| – | +$388 | +163 | New |
|
RLX Hedge Fund Activity: Q3 2025 in Review
91 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in RLX Technology (RLX) for Q3 2025, worth a combined $663M — up 12% from $592M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of RLX and 12 opened new positions — a net loss of 5 holders — while 34 trimmed existing stakes and 28 added.
The largest buyer was D.E. Shaw & Co, adding an estimated $9.24M. The largest seller was Wildcat Capital Management, cutting an estimated $27.6M.
- 91 institutional investors held RLX Technology (RLX) as of Q3 2025, down from 96 in Q2 2025.
- Funds reported $663M of RLX Technology stock for Q3 2025, up 12% quarter-over-quarter.
- 12 funds opened new RLX Technology positions in Q3 2025 and 17 closed out, a net change of -5 holders.
- The largest RLX Technology buyer in Q3 2025 was D.E. Shaw & Co, an estimated $9.24M added.
- The largest RLX Technology seller in Q3 2025 was Wildcat Capital Management, an estimated $27.6M sold.
Based on aggregated 13F filings for Q3 2025.