RLX Technology
98 hedge funds and large institutions have $575M invested in RLX Technology in 2025 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 34 increasing their positions, 26 reducing their positions, and 9 closing their positions.
303% more call options, than puts
Call options by funds: $1.48M | Put options by funds: $368K
100% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 9
31% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 26
8% more funds holding
Funds holding: 91 → 98 (+7)
0.43% less ownership
Funds ownership: 19.99% → 19.55% (-0.43%)
13% less capital invested
Capital invested by funds: $663M → $575M (-$88.6M)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
+$8.95M |
| 2 |
CLGM
Capitolis Liquid Global Markets
New York
|
+$3.62M |
| 3 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$2.91M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$2.53M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$1.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM
Wildcat Capital Management
New York
|
-$16.9M |
| 2 |
Jane Street
New York
|
-$9.43M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$3.53M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$2.58M |
| 5 |
Renaissance Technologies
New York
|
-$2.29M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Prudential Financial
Newark,
New Jersey
| – | -$276K | -105,000 | Closed |
|
|
CA
102
Cache Advisors
San Francisco,
California
| – | -$189K | -71,777 | Closed |
|
|
BHCM
103
Brevan Howard Capital Management
St. Helier,
Jersey
| – | -$73.3K | -27,878 | Closed |
|
104
SG Americas Securities
New York
| – | -$65K | -24,609 | Closed |
|
105
Osaic Holdings
Scottsdale,
Arizona
| – | -$395 | -150 | Closed |
|
|
BTI
106
Blue Trust Inc
Alpharetta,
Georgia
| – | -$321 | -122 | Closed |
|
RLX Hedge Fund Activity: Q4 2025 in Review
98 of the 8,225 institutional investors tracked by Wall St. Rank reported a position in RLX Technology (RLX) for Q4 2025, worth a combined $575M — down 13% from $663M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new RLX positions and 9 closed out — a net gain of 9 holders — while 34 added to existing stakes and 26 trimmed.
The largest buyer was Nomura Holdings, adding an estimated $8.95M. The largest seller was Wildcat Capital Management, exiting entirely with an estimated $16.9M sold.
- 98 institutional investors held RLX Technology (RLX) as of Q4 2025, up from 91 in Q3 2025.
- Funds reported $575M of RLX Technology stock for Q4 2025, down 13% quarter-over-quarter.
- 18 funds opened new RLX Technology positions in Q4 2025 and 9 closed out, a net change of +9 holders.
- The largest RLX Technology buyer in Q4 2025 was Nomura Holdings, an estimated $8.95M added.
- The largest RLX Technology seller in Q4 2025 was Wildcat Capital Management, an estimated $16.9M sold.
Based on aggregated 13F filings for Q4 2025.