Who Owns RLX Technology Inc. (RLX)?Hedge Fund & Institutional Holders
Institutional Holders
50
as of Q4 2025
Total Institutional Value
$1.46474000138245e+292T
% of Float Held
—
QoQ Change in Holders
+10 / -3
Price History
RLX — Biggest New Institutional Buyers This Quarter
| Fund | Action | Shares Added | Value Added |
|---|---|---|---|
| IDG China Venture Capital Fund V Associates L.P. | New Position | +59.3M | +$138.2B |
| NOMURA HOLDINGS INC | Increased | +3.7M | +$7.6B |
| Hosking Partners LLP | New Position | +2.0M | +$4.6B |
| Capitolis Liquid Global Markets LLC | New Position | +1.5M | +$3.0B |
| BANK OF AMERICA CORP /DE/ | Increased | +1.1M | +$2.0B |
| UBS Group AG | Increased | +671K | +$1.2B |
| MACKENZIE FINANCIAL CORP | Increased | +1.2M | +$1.1B |
| TWO SIGMA INVESTMENTS, LP | Increased | +356K | +$677.0M |
| JUPITER ASSET MANAGEMENT LTD | New Position | +149K | +$346.0M |
| WT Asset Management Ltd | New Position | +98K | +$227.0M |
| Cornerstone Investment Partners, LLC | New Position | +68K | +$158.0M |
| Centiva Capital, LP | New Position | +22K | +$50.0M |
| Blueshift Asset Management, LLC | New Position | +19K | +$44.0M |
| AXQ CAPITAL, LP | New Position | +13K | +$30.0M |
| Westside Investment Management, Inc. | New Position | +5K | +$10.0M |
RLX — Institutions Reducing or Closing Positions
| Fund | Action | Shares Sold | Value Sold |
|---|---|---|---|
| Wildcat Capital Management, LLC | Closed Position | -6.4M | -$16.9B |
| JANE STREET GROUP, LLC | Decreased | -3.9M | -$16.5B |
| MARSHALL WACE, LLP | Decreased | -1.5M | -$5.4B |
| D. E. Shaw & Co., Inc. | Decreased | -467K | -$5.0B |
| CITADEL ADVISORS LLC | Decreased | -1.1M | -$3.6B |
| RENAISSANCE TECHNOLOGIES LLC | Closed Position | -869K | -$2.3B |
| BARCLAYS PLC | Decreased | -64K | -$2.1B |
| Connor, Clark & Lunn Investment Management Ltd. | Decreased | -53K | -$1.6B |
| GOLDMAN SACHS GROUP INC | Decreased | -92K | -$1.4B |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Decreased | -10K | -$888.9M |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Decreased | -35K | -$387.8M |
| Police & Firemen's Retirement System of New Jersey | Decreased | -39K | -$342.2M |
| Assenagon Asset Management S.A. | Decreased | -34K | -$340.4M |
| PRUDENTIAL FINANCIAL INC | Closed Position | -105K | -$276.1M |
| Invesco Ltd. | Decreased | -26K | -$225.8M |
Top Institutional Holders(Q4 2025)
| # | Fund | Shares | Value | % of Portfolio | Type |
|---|---|---|---|---|---|
| 1 | First Beijing Investment Ltd | 62,864,424 | $146.5B | 5.78% | Share |
| 2 | IDG China Venture Capital Fund V Associates L.P. | 59,332,622 | $138.2B | 100.00% | Share |
| 3 | D. E. Shaw & Co., Inc. | 9,434,123 | $21.0B | 0.01% | Share |
| 4 | BARCLAYS PLC | 6,048,550 | $14.0B | 0.00% | Share |
| 5 | NOMURA HOLDINGS INC | 4,651,811 | $10.0B | 0.01% | Share |
| 6 | MACKENZIE FINANCIAL CORP | 4,218,617 | $9.0B | 0.01% | Share |
| 7 | GOLDMAN SACHS GROUP INC | 2,329,229 | $5.0B | 0.00% | Share |
| 8 | Hosking Partners LLP | 1,955,552 | $4.6B | 0.15% | Share |
| 9 | UBS Group AG | 1,786,161 | $4.2B | 0.00% | Share |
| 10 | Focus Partners Wealth | 1,947,612 | $4.0B | 0.00% | Share |
| 11 | Connor, Clark & Lunn Investment Management Ltd. | 2,065,820 | $4.0B | 0.01% | Share |
| 12 | Capitolis Liquid Global Markets LLC | 1,510,200 | $3.0B | 0.02% | Share |
| 13 | CITADEL ADVISORS LLC | 1,324,013 | $3.0B | 0.00% | Share |
| 14 | JPMORGAN CHASE & CO | 1,040,373 | $2.0B | 0.00% | Share |
| 15 | BANK OF AMERICA CORP /DE/ | 1,147,103 | $2.0B | 0.00% | Share |
| 16 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 872,907 | $2.0B | 0.00% | Share |
| 17 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 868,097 | $2.0B | 0.00% | Share |
| 18 | Assenagon Asset Management S.A. | 833,551 | $1.9B | 0.00% | Share |
| 19 | Invesco Ltd. | 521,786 | $1.2B | 0.00% | Share |
| 20 | GROUP ONE TRADING LLC | 471,100 | $1.1B | 0.00% | Call |
| 21 | NORTHERN TRUST CORP | 498,675 | $1.0B | 0.00% | Share |
| 22 | Legal & General Group Plc | 826,133 | $1.0B | 0.00% | Share |
| 23 | TWO SIGMA INVESTMENTS, LP | 478,800 | $1.0B | 0.00% | Share |
| 24 | FRANKLIN RESOURCES INC | 508,850 | $1.0B | 0.00% | Share |
| 25 | JUPITER ASSET MANAGEMENT LTD | 148,508 | $346.0M | 0.00% | Share |
| 26 | Polymer Capital Management (HK) LTD | 98,800 | $230.0M | 0.03% | Share |
| 27 | WT Asset Management Ltd | 97,696 | $227.0M | 0.01% | Share |
| 28 | Cornerstone Investment Partners, LLC | 67,909 | $158.0M | 0.01% | Share |
| 29 | GROUP ONE TRADING LLC | 54,000 | $125.0M | 0.00% | Put |
| 30 | HSBC HOLDINGS PLC | 40,257 | $93.0M | 0.00% | Share |
| 31 | Centiva Capital, LP | 21,691 | $50.0M | 0.00% | Share |
| 32 | VANGUARD GROUP INC | 20,377,261 | $47.0M | 0.00% | Share |
| 33 | Blueshift Asset Management, LLC | 19,292 | $44.0M | 0.01% | Share |
| 34 | US BANCORP \DE\ | 13,823 | $32.0M | 0.00% | Share |
| 35 | AXQ CAPITAL, LP | 12,941 | $30.0M | 0.01% | Share |
| 36 | UBS Group AG | 8,588 | $20.0M | 0.00% | Share |
| 37 | Aspex Management (HK) Ltd | 7,901,172 | $18.4M | 0.37% | Share |
| 38 | Oasis Management Co Ltd. | 6,497,600 | $15.1M | 0.98% | Share |
| 39 | VANGUARD GROUP INC | 5,809,118 | $13.0M | 0.00% | Share |
| 40 | Perseverance Asset Management International | 4,870,744 | $11.3M | 1.66% | Share |
| 41 | BlackRock, Inc. | 4,741,480 | $11.0M | 0.00% | Share |
| 42 | Westside Investment Management, Inc. | 4,584 | $10.0M | 0.00% | Share |
| 43 | MORGAN STANLEY | 3,361,889 | $7.0M | 0.00% | Share |
| 44 | STATE STREET CORP | 3,275,082 | $7.0M | 0.00% | Share |
| 45 | Perseverance Asset Management International | 2,920,184 | $6.8M | 1.00% | Share |
| 46 | MORGAN STANLEY | 2,791,357 | $6.0M | 0.00% | Share |
| 47 | SBI Securities Co., Ltd. | 1,480 | $3.0M | 0.00% | Share |
| 48 | BlackRock, Inc. | 1,625,783 | $3.0M | 0.00% | Share |
| 49 | Mariner, LLC | 1,671,582 | $3.0M | 0.00% | Share |
| 50 | BlackRock, Inc. | 1,505,456 | $3.0M | 0.00% | Share |
RLX Institutional Ownership History
| Quarter | Holders | Total Value | Change |
|---|---|---|---|
| Q4 2025 | 98 | $383.0B | +17 |
| Q3 2025 | 81 | $314.8B | +0 |
| Q2 2025 | 81 | $399.5B | -15 |
| Q1 2025 | 96 | $383.5B | -1 |
| Q4 2024 | 97 | $367.4B | +7 |
| Q3 2024 | 90 | $5.1T | +8 |
| Q2 2024 | 82 | $1.6T | +8 |
| Q1 2024 | 74 | $6.2T | — |
Similar Stocks by Institutional Ownership
As of Q4 2025, 50 institutional investors hold RLX (RLX Technology Inc.). The largest holder is First Beijing Investment Ltd with $146.5B in shares. This quarter, 10 institutions opened new positions and 3 closed their positions.
Frequently Asked Questions
How many hedge funds own RLX?
As of Q4 2025, 50 institutional investors report holding RLX (RLX Technology Inc.) in their 13F filings.
Who is the largest institutional holder of RLX?
The largest institutional holder of RLX is First Beijing Investment Ltd with $146.5B in shares.
Is institutional ownership of RLX increasing or decreasing?
This quarter, 10 institutions opened new positions in RLX and 3 closed their positions.