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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.

New
Increased
Maintained
Reduced
Closed

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: 9691 (-5)

17% less funds holding in top 10

Funds holding in top 10: 65 (-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

Holders
91
Holders Change
-5
Holders Change %
-5.21%
% of All Funds
1.19%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.07%
New
12
Increased
28
Reduced
34
Closed
17
Calls
$2.31M
Puts
$27.6M
Net Calls
-$25.2M
Net Calls Change
-$3.24M
Name Holding Trade Value Shares
Change
Change in
Stake
FBIL
1
First Beijing Investment Ltd
Hong Kong
$165M
ICVCFVA
2
IDG China Venture Capital Fund V Associates
Hong Kong
$158M
Vanguard Group
3
Vanguard Group
Pennsylvania
$70.8M -$233K -98,001 -0.4%
D.E. Shaw & Co
4
D.E. Shaw & Co
New York
$26M +$9.24M +3,884,018 +65%
BlackRock
5
BlackRock
New York
$23.7M +$290K +121,917 +1%
AMH
6
Aspex Management (HK)
Hong Kong
$20.8M -$10M -4,222,237 -35%
PAMI
7
Perseverance Asset Management International
Cayman Islands
$19.6M +$1.96M +822,341 +12%
Morgan Stanley
8
Morgan Stanley
New York
$18.1M +$6.61M +2,781,054 +68%
WCM
9
Wildcat Capital Management
New York
$16.9M -$27.6M -11,628,012 -64%
OMC
10
Oasis Management Company
Cayman Islands
$16.7M +$737K +309,785 +5%
Jane Street
11
Jane Street
New York
$16.5M +$4.75M +1,999,376 +47%
Barclays
12
Barclays
United Kingdom
$16.1M -$99.7K -41,916 -0.7%
State Street
13
State Street
Massachusetts
$8.24M -$817K -343,777 -10%
Mackenzie Financial
14
Mackenzie Financial
Ontario, Canada
$7.9M +$7.14M +3,003,851 New
Citadel Advisors
15
Citadel Advisors
Florida
$6.56M +$320K +134,731 +6%
Goldman Sachs
16
Goldman Sachs
New York
$6.37M -$14.4M -6,058,772 -71%
Connor, Clark & Lunn Investment Management (CC&L)
17
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$5.57M +$1.23M +515,295 +32%
Marshall Wace
18
Marshall Wace
United Kingdom
$5.44M +$2.22M +934,135 +82%
HP
19
Hosking Partners
United Kingdom
$5.19M -$126K -52,846 -3%
Focus Partners Wealth
20
Focus Partners Wealth
Massachusetts
$5.12M
Mariner
21
Mariner
Kansas
$4.39M +$3.92M +1,646,706 +7,564%
UBS Group
22
UBS Group
Switzerland
$2.96M +$1.42M +597,434 +113%
Nomura Holdings
23
Nomura Holdings
Japan
$2.41M -$3.98M -1,674,503 -65%
Arrowstreet Capital
24
Arrowstreet Capital
Massachusetts
$2.39M +$2.16M +907,896 New
Renaissance Technologies
25
Renaissance Technologies
New York
$2.29M -$39.9K -16,800 -2%

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.