RLX TECHNOLOGY INC RLX
SPONSORED ADS · ADR · CUSIP 74969N103 · ISIN US74969N1037
RLX Technology Inc., together with its subsidiaries, researchers, develops, manufactures, distributes, and sells e-vapor products in the People's Republic of China
- SectorConsumer staples
- IndustryCigarettes
- Websiterelxtech.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1.88. Options: 6 managers hold calls ($841.1k notional), 6 hold puts ($1.0m).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 111 |
| Q4 2022 | 112 |
| Q1 2023 | 103 |
| Q2 2023 | 102 |
| Q3 2023 | 94 |
| Q4 2023 | 95 |
| Q1 2024 | 88 |
| Q2 2024 | 95 |
| Q3 2024 | 104 |
| Q4 2024 | 106 |
| Q1 2025 | 97 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 43 | 47 |
| Q3 2023 | 43 | 51 |
| Q4 2023 | 37 | 46 |
| Q1 2024 | 39 | 43 |
| Q2 2024 | 40 | 44 |
| Q3 2024 | 47 | 47 |
| Q4 2024 | 49 | 48 |
| Q1 2025 | 39 | 53 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $1.6m | $257.1k | 0.16 |
| Q3 2024 | $1.3m | $246.1k | 0.19 |
| Q4 2024 | $8.6m | $464.9k | 0.05 |
| Q1 2025 | $841.1k | $1.0m | 1.23 |
Biggest buyers
| First Beijing Investment Ltd | Added | +17.7m |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +2.5m |
| D. E. Shaw & Co., Inc. | Added | +2.3m |
| NOMURA HOLDINGS INC | Added | +2.0m |
| BANK OF AMERICA CORP /DE/ | Added | +1.8m |
| Hosking Partners LLP | Added | +1.1m |
| MORGAN STANLEY | Added | +985.5k |
| JANE STREET GROUP, LLC | Added | +846.5k |
| BRIGHT VALLEY CAPITAL Ltd | Added | +671.6k |
| BARCLAYS PLC | Added | +659.0k |
Biggest sellers
| GOLDMAN SACHS GROUP INC | Reduced | -8.3m |
| CITADEL ADVISORS LLC | Reduced | -3.1m |
| JPMORGAN CHASE & CO | Reduced | -2.8m |
| Perseverance Asset Management International | Reduced | -2.8m |
| STATE STREET CORP | Reduced | -1.7m |
| Mariner, LLC | Reduced | -1.6m |
| Man Group plc | Reduced | -1.5m |
| Point72 Asset Management, L.P. | Reduced | -1.0m |
| BlackRock, Inc. | Reduced | -672.7k |
| UBS Group AG | Reduced | -594.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $377.1k200.6k shares |
| GROUP ONE TRADING LLC | Reduced | $302.3k160.8k shares |
| CITADEL ADVISORS LLC | Reduced | $67.7k36.0k shares |
| WOLVERINE TRADING, LLC | New | $64.0k33.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $30.0k16.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| JANE STREET GROUP, LLC | New | $401.2k213.4k shares |
| GROUP ONE TRADING LLC | Added | $298.5k158.8k shares |
| SIMPLEX TRADING, LLC | Added | $170.0k90.9k shares |
| CITADEL ADVISORS LLC | Added | $89.7k47.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $75.4k40.1k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Wang Ying Kate 13G · exempt (held before listing) filed 2026-03-18 | 51.2% |
Insider purchases and sales in Q1 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| IDG China Venture Capital Fund V Associates L.P. 100.00% of their portfolio | 60.1m $112.9m | Unchanged |
| First Beijing Investment Ltd 5.30% of their portfolio | 41.0m $77.1m | Added +17.7m |
| VANGUARD GROUP INC 0.00% of their portfolio | 27.9m $52.5m | Added +156.3k |
| Wildcat Capital Management, LLC 18.11% of their portfolio | 18.0m $33.9m | Unchanged |
| Aspex Management (HK) Ltd 0.59% of their portfolio | 12.1m $22.8m | Unchanged |
| BRIGHT VALLEY CAPITAL Ltd 8.29% of their portfolio | 9.6m $18.1m | Added +671.6k |
| BlackRock, Inc. 0.00% of their portfolio | 9.4m $17.8m | Reduced -672.7k |
| Perseverance Asset Management International 2.15% of their portfolio | 8.7m $16.4m | Reduced -2.8m |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 8.4m $15.8m | Reduced -8.3m |
| BARCLAYS PLC 0.01% of their portfolio | 6.3m $11.9m | Added +659.0k |
| Oasis Management Co Ltd. 3.52% of their portfolio | 5.7m $10.8m | Added +130.0k |
| MORGAN STANLEY 0.00% of their portfolio | 5.6m $10.6m | Added +985.5k |
| Orland Properties Ltd 12.73% of their portfolio | 5.6m $10.6m | Unchanged |
| NOMURA HOLDINGS INC 0.06% of their portfolio | 5.6m $10.4m | Added +2.0m |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 4.4m $8.4m | Added +2.3m |
| STATE STREET CORP 0.00% of their portfolio | 3.6m $6.8m | Reduced -1.7m |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 3.0m $5.6m | Reduced -478.8k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 2.7m $5.1m | Reduced -3.1m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.7m $5.1m | Reduced -2.8m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 2.5m $4.7m | Added +2.5m |
| Hosking Partners LLP 0.17% of their portfolio | 2.1m $3.9m | Added +1.1m |
| Adero Partners, LLC 0.25% of their portfolio | 2.1m $3.9m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.0m $3.7m | Added +1.8m |
| Man Group plc 0.01% of their portfolio | 1.6m $3.1m | Reduced -1.5m |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 1.5m $2.8m | Added +846.5k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 1.4m $2.6m | Added +589.7k |
| UBS Group AG 0.00% of their portfolio | 1.2m $2.3m | Reduced -594.1k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 1.1m $2.1m | Reduced -26.0k |
| Point72 Hong Kong Ltd 0.12% of their portfolio | 916.9k $1.7m | Reduced -546.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 886.3k $1.7m | Reduced -2.5k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 876.0k $1.6m | Added +608.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 866.8k $1.6m | Added +82.4k |
| Legal & General Group Plc 0.00% of their portfolio | 775.9k $1.5m | Reduced -34.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 731.4k $1.4m | Reduced -131.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 667.1k $1.3m | Reduced -1.6k |
| Invesco Ltd. 0.00% of their portfolio | 590.2k $1.1m | Added +12.8k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 560.0k $1.1m | Reduced -1.0m |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 492.3k $925.4k | Added +175.6k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 374.1k $703.3k | Added +2.9k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.01% of their portfolio | 363.0k $682.4k | New |
| Nuveen, LLC 0.00% of their portfolio | 317.5k $596.9k | First filing |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 295.8k $556.0k | Added +102.4k |
| SG Americas Securities, LLC 0.00% of their portfolio | 268.4k $505.0k | Reduced -34.8k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 260.9k $490.4k | Added +17.4k |
| Squarepoint Ops LLC 0.00% of their portfolio | 204.0k $383.5k | Added +162.2k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 197.6k $371.6k | Reduced -1.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 194.8k $366.3k | Reduced -19.0k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 150.0k $282.1k | Added +80.8k |
| BAROMETER CAPITAL MANAGEMENT INC. 0.10% of their portfolio | 139.8k $262.8k | Reduced -72.0k |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 130.1k $244.6k | Added +12.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 128.2k $241.1k | Unchanged |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 108.7k $204.0k | New |
| XTX Topco Ltd 0.01% of their portfolio | 97.4k $183.2k | Reduced -130.9k |
| Engineers Gate Manager LP 0.00% of their portfolio | 94.2k $177.2k | Added +3.2k |
| QUADRANT CAPITAL GROUP LLC 0.01% of their portfolio | 77.4k $145.5k | Reduced -1.6k |
| Creative Planning 0.00% of their portfolio | 77.2k $145.1k | Reduced -2.1k |
| HRT FINANCIAL LP 0.00% of their portfolio | 73.6k $138.0k | New |
| Cache Advisors, LLC 0.05% of their portfolio | 71.8k $134.9k | Unchanged |
| SIGNATUREFD, LLC 0.00% of their portfolio | 62.2k $117.0k | Reduced -981 |
| Vident Advisory, LLC 0.00% of their portfolio | 56.9k $107.0k | Reduced -919 |
| Pinpoint Asset Management Ltd 0.02% of their portfolio | 49.9k $93.7k | Reduced -128.1k |
| West Family Investments, Inc. 0.03% of their portfolio | 41.6k $78.2k | Unchanged |
| PROFUND ADVISORS LLC 0.00% of their portfolio | 38.0k $71.5k | Added +2.5k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 37.2k $69.9k | Reduced -18.7k |
| Optiver Holding B.V. 0.00% of their portfolio | 32.0k $60.2k | New |
| Point72 Asia (Singapore) Pte. Ltd. 0.02% of their portfolio | 30.8k $57.9k | Reduced -24.3k |
| LMR Partners LLP 0.00% of their portfolio | 29.4k $55.2k | Unchanged |
| SHELL ASSET MANAGEMENT CO 0.00% of their portfolio | 28.4k $53.0k | Reduced -5.2k |
| Quadrature Capital Ltd 0.00% of their portfolio | 26.8k $50.6k | New |
| US BANCORP \DE\ 0.00% of their portfolio | 26.6k $50.1k | Unchanged |
| Headlands Technologies LLC 0.01% of their portfolio | 25.8k $48.4k | Added +20.7k |
| Mariner, LLC 0.00% of their portfolio | 25.7k $48.4k | Reduced -1.6m |
| Ground Swell Capital, LLC 0.11% of their portfolio | 24.8k $46.6k | New |
| Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio | 23.1k $43.4k | Added +917 |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 20.6k $39.3k | Added +1.2k |
| Parallel Advisors, LLC 0.00% of their portfolio | 20.3k $38.1k | Added +752 |
| Ridgewood Investments LLC 0.01% of their portfolio | 16.0k $30.1k | Unchanged |
| Ballentine Partners, LLC 0.00% of their portfolio | 14.7k $27.7k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 13.2k $24.9k | New |
| Apollon Wealth Management, LLC 0.00% of their portfolio | 13.0k $24.4k | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 10.2k $19.3k | Reduced -311.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 10.0k $19.0k | Reduced -17.3k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 10.0k $19.0k | Reduced -4.4k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 9.2k $17.3k | Reduced -1.7k |
| SUMMIT SECURITIES GROUP LLC 0.01% of their portfolio | 7.5k $14.1k | Added +5.1k |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 4.8k $9.0k | Added +122 |
| Lindbrook Capital, LLC 0.00% of their portfolio | 3.1k $5.9k | Reduced -730 |
| Allworth Financial LP 0.00% of their portfolio | 3.1k $5.5k | Unchanged |
| SVB WEALTH LLC 0.00% of their portfolio | 2.2k $4.2k | New |
| NewEdge Advisors, LLC 0.00% of their portfolio | 1.0k $1.9k | Unchanged |
| FMR LLC 0.00% of their portfolio | 850 $1.6k | Unchanged |
| Wilmington Savings Fund Society, FSB 0.00% of their portfolio | 720 $1.4k | Unchanged |
| SIERRA OCEAN, LLC 0.00% of their portfolio | 534 $1.0k | Unchanged |
| Point72 (DIFC) Ltd 0.00% of their portfolio | 380 $714 | Reduced -8.4k |
| Blue Trust, Inc. 0.00% of their portfolio | 122 $229 | Unchanged |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 106 $199 | Reduced -835 |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |