Vault-13

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

97 institutional holders -9 vs Q4 2024
267,170,191267.2m shares reported held*
$502.3mreported value*
8 new 31 added 37 reduced 16 sold out net bought ≈ $11.7m (+6.2m shares)

* 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

050100150Q3 22: 111Q4 22: 112Q1 23: 103Q2 23: 102Q3 23: 94Q4 23: 95Q1 24: 88Q2 24: 95Q3 24: 104Q4 24: 106Q1 25: 9797Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022111
Q4 2022112
Q1 2023103
Q2 2023102
Q3 202394
Q4 202395
Q1 202488
Q2 202495
Q3 2024104
Q4 2024106
Q1 202597

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q2 23: 43 bought or addedQ2 23: 47 cut or sold outQ3 23: 43 bought or addedQ3 23: 51 cut or sold outQ3 23Q4 23: 37 bought or addedQ4 23: 46 cut or sold outQ1 24: 39 bought or addedQ1 24: 43 cut or sold outQ1 24Q2 24: 40 bought or addedQ2 24: 44 cut or sold outQ3 24: 47 bought or addedQ3 24: 47 cut or sold outQ3 24Q4 24: 49 bought or addedQ4 24: 48 cut or sold outQ1 25: 39 bought or addedQ1 25: 53 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20234347
Q3 20234351
Q4 20233746
Q1 20243943
Q2 20244044
Q3 20244747
Q4 20244948
Q1 20253953

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2.5m$5m$7.5m$10mQ2 24 calls: $1.6mQ2 24 puts: $257.1kQ2 24P/C 0.16Q3 24 calls: $1.3mQ3 24 puts: $246.1kQ3 24P/C 0.19Q4 24 calls: $8.6mQ4 24 puts: $464.9kQ4 24P/C 0.05Q1 25 calls: $841.1kQ1 25 puts: $1.0mQ1 25P/C 1.23
Numbers
QuarterCallsPutsP/C
Q2 2024$1.6m$257.1k0.16
Q3 2024$1.3m$246.1k0.19
Q4 2024$8.6m$464.9k0.05
Q1 2025$841.1k$1.0m1.23

Biggest buyers

First Beijing Investment Ltd Added +17,661,160+17.7m
CANADA PENSION PLAN INVESTMENT BOARD Added +2,474,779+2.5m
D. E. Shaw & Co., Inc. Added +2,347,483+2.3m
NOMURA HOLDINGS INC Added +1,954,316+2.0m
BANK OF AMERICA CORP /DE/ Added +1,824,942+1.8m
Hosking Partners LLP Added +1,112,248+1.1m
MORGAN STANLEY Added +985,516+985.5k
JANE STREET GROUP, LLC Added +846,523+846.5k
BRIGHT VALLEY CAPITAL Ltd Added +671,639+671.6k
BARCLAYS PLC Added +658,966+659.0k

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -8,251,628-8.3m
CITADEL ADVISORS LLC Reduced -3,137,610-3.1m
JPMORGAN CHASE & CO Reduced -2,767,109-2.8m
Perseverance Asset Management International Reduced -2,756,790-2.8m
STATE STREET CORP Reduced -1,656,358-1.7m
Mariner, LLC Reduced -1,646,093-1.6m
Man Group plc Reduced -1,540,265-1.5m
Point72 Asset Management, L.P. Reduced -1,047,878-1.0m
BlackRock, Inc. Reduced -672,741-672.7k
UBS Group AG Reduced -594,126-594.1k

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.

HolderStakeChangeShares Last filed
Wang Ying Kate 13G · exempt (held before listing) filed 2026-03-18 51.2% 793.1m 2026-03-18

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 IDG China Venture Capital Fund V Associates L.P. 100.00% of their portfolio HONG KONG, K3 60,068,87060.1m $112.9m $112.9m 100.00% Unchanged
2 First Beijing Investment Ltd 5.30% of their portfolio HONG KONG, K3 41,036,04541.0m $77.1m $77.1m 5.30% Added +17.7m +17,661,160
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 27,935,59827.9m $52.5m $52.5m 0.00% Added +156.3k +156,350
4 Wildcat Capital Management, LLC 18.11% of their portfolio NEW YORK, NY 18,046,19518.0m $33.9m $33.9m 18.11% Unchanged
5 Aspex Management (HK) Ltd 0.59% of their portfolio CENTRAL, K3 12,123,40912.1m $22.8m $22.8m 0.59% Unchanged
6 BRIGHT VALLEY CAPITAL Ltd 8.29% of their portfolio HONG KONG, K3 9,605,3719.6m $18.1m $18.1m 8.29% Added +671.6k +671,639
7 BlackRock, Inc. 0.00% of their portfolio New York, NY 9,447,2279.4m $17.8m $17.8m 0.00% Reduced -672.7k -672,741
8 Perseverance Asset Management International 2.15% of their portfolio GEORGE TOWN, E9 8,745,9948.7m $16.4m $16.4m 2.15% Reduced -2.8m -2,756,790
9 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 8,410,3288.4m $15.8m $15.8m 0.00% Reduced -8.3m -8,251,628
10 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 6,345,3996.3m $11.9m $11.9m 0.01% Added +659.0k +658,966
11 Oasis Management Co Ltd. 3.52% of their portfolio GRAND CAYMAN, E9 5,722,6655.7m $10.8m $10.8m 3.52% Added +130.0k +130,000
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 5,615,0905.6m $10.6m $10.6m 0.00% Added +985.5k +985,516
13 Orland Properties Ltd 12.73% of their portfolio Washington, DC 5,612,1385.6m $10.6m $10.6m 12.73% Unchanged
14 NOMURA HOLDINGS INC 0.06% of their portfolio TOKYO, M0 5,555,3035.6m $10.4m $10.4m 0.06% Added +2.0m +1,954,316
15 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 4,449,9294.4m $8.4m $8.4m 0.01% Added +2.3m +2,347,483
16 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 3,625,9243.6m $6.8m $6.8m 0.00% Reduced -1.7m -1,656,358
17 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 2,981,1713.0m $5.6m $5.6m 0.01% Reduced -478.8k -478,789
18 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 2,695,1052.7m $5.1m $5.1m 0.00% Reduced -3.1m -3,137,610
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,689,4452.7m $5.1m $5.1m 0.00% Reduced -2.8m -2,767,109
20 CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio TORONTO ONTARIO, A6 2,474,7842.5m $4.7m $4.7m 0.00% Added +2.5m +2,474,779
21 Hosking Partners LLP 0.17% of their portfolio LONDON, X0 2,093,7812.1m $3.9m $3.9m 0.17% Added +1.1m +1,112,248
22 Adero Partners, LLC 0.25% of their portfolio PLEASANTON, CA 2,061,2632.1m $3.9m $3.9m 0.25% Unchanged
23 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,991,8912.0m $3.7m $3.7m 0.00% Added +1.8m +1,824,942
24 Man Group plc 0.01% of their portfolio LONDON, X0 1,625,3731.6m $3.1m $3.1m 0.01% Reduced -1.5m -1,540,265
25 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 1,493,8811.5m $2.8m $2.8m 0.01% Added +846.5k +846,523
26 Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio VANCOUVER, A1 1,390,8521.4m $2.6m $2.6m 0.01% Added +589.7k +589,748
27 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,227,0021.2m $2.3m $2.3m 0.00% Reduced -594.1k -594,126
28 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 1,132,9171.1m $2.1m $2.1m 0.00% Reduced -26.0k -26,000
29 Point72 Hong Kong Ltd 0.12% of their portfolio HONG KONG, K3 916,939916.9k $1.7m $1.7m 0.12% Reduced -546.2k -546,153
30 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 886,300886.3k $1.7m $1.7m 0.00% Reduced -2.5k -2,500
31 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 875,990876.0k $1.6m $1.6m 0.00% Added +608.4k +608,384
32 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 866,827866.8k $1.6m $1.6m 0.00% Added +82.4k +82,413
33 Legal & General Group Plc 0.00% of their portfolio London, X0 775,923775.9k $1.5m $1.5m 0.00% Reduced -34.9k -34,909
34 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 731,409731.4k $1.4m $1.4m 0.00% Reduced -131.1k -131,090
35 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 667,067667.1k $1.3m $1.3m 0.00% Reduced -1.6k -1,639
36 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 590,243590.2k $1.1m $1.1m 0.00% Added +12.8k +12,834
37 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 560,022560.0k $1.1m $1.1m 0.00% Reduced -1.0m -1,047,878
38 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 492,257492.3k $925.4k $925.4k 0.00% Added +175.6k +175,647
39 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 374,078374.1k $703.3k $703.3k 0.00% Added +2.9k +2,870
40 SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.01% of their portfolio BALA CYNWYD, PA 363,003363.0k $682.4k $682.4k 0.01% New
41 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 317,500317.5k $596.9k $596.9k 0.00% First filing
42 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 295,753295.8k $556.0k $556.0k 0.00% Added +102.4k +102,364
43 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 268,390268.4k $505.0k $505.0k 0.00% Reduced -34.8k -34,825
44 Pictet Asset Management Holding SA 0.00% of their portfolio CAROUGE, V8 260,867260.9k $490.4k $490.4k 0.00% Added +17.4k +17,400
45 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 203,965204.0k $383.5k $383.5k 0.00% Added +162.2k +162,241
46 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 197,641197.6k $371.6k $371.6k 0.00% Reduced -1.2k -1,191
47 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 194,830194.8k $366.3k $366.3k 0.00% Reduced -19.0k -19,014
48 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 150,038150.0k $282.1k $282.1k 0.00% Added +80.8k +80,821
49 BAROMETER CAPITAL MANAGEMENT INC. 0.10% of their portfolio TORONTO, A6 139,800139.8k $262.8k $262.8k 0.10% Reduced -72.0k -72,000
50 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 130,114130.1k $244.6k $244.6k 0.00% Added +12.8k +12,767
51 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 128,240128.2k $241.1k $241.1k 0.00% Unchanged
52 SIMPLEX TRADING, LLC 0.01% of their portfolio CHICAGO, IL 108,681108.7k $204.0k $204.0k 0.01% New
53 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 97,42397.4k $183.2k $183.2k 0.01% Reduced -130.9k -130,936
54 Engineers Gate Manager LP 0.00% of their portfolio NEW YORK, NY 94,24794.2k $177.2k $177.2k 0.00% Added +3.2k +3,158
55 QUADRANT CAPITAL GROUP LLC 0.01% of their portfolio CINCINNATI, OH 77,41077.4k $145.5k $145.5k 0.01% Reduced -1.6k -1,621
56 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 77,17877.2k $145.1k $145.1k 0.00% Reduced -2.1k -2,108
57 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 73,64773.6k $138.0k $138.0k 0.00% New
58 Cache Advisors, LLC 0.05% of their portfolio San Francisco, CA 71,77771.8k $134.9k $134.9k 0.05% Unchanged
59 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 62,24862.2k $117.0k $117.0k 0.00% Reduced -981 -981
60 Vident Advisory, LLC 0.00% of their portfolio Alpharetta, GA 56,92956.9k $107.0k $107.0k 0.00% Reduced -919 -919
61 Pinpoint Asset Management Ltd 0.02% of their portfolio HONG KONG, K3 49,85049.9k $93.7k $93.7k 0.02% Reduced -128.1k -128,113
62 West Family Investments, Inc. 0.03% of their portfolio CARLSBAD, CA 41,57741.6k $78.2k $78.2k 0.03% Unchanged
63 PROFUND ADVISORS LLC 0.00% of their portfolio BETHESDA, MD 38,02138.0k $71.5k $71.5k 0.00% Added +2.5k +2,533
64 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 37,20037.2k $69.9k $69.9k 0.00% Reduced -18.7k -18,700
65 Optiver Holding B.V. 0.00% of their portfolio AMSTERDAM, P7 32,01832.0k $60.2k $60.2k 0.00% New
66 Point72 Asia (Singapore) Pte. Ltd. 0.02% of their portfolio SINGAPORE, U0 30,79130.8k $57.9k $57.9k 0.02% Reduced -24.3k -24,266
67 LMR Partners LLP 0.00% of their portfolio LONDON, X0 29,35829.4k $55.2k $55.2k 0.00% Unchanged
68 SHELL ASSET MANAGEMENT CO 0.00% of their portfolio THE HAGUE, P7 28,41128.4k $53.0k $53.0k 0.00% Reduced -5.2k -5,151
69 Quadrature Capital Ltd 0.00% of their portfolio LONDON, X0 26,83826.8k $50.6k $50.6k 0.00% New
70 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 26,64726.6k $50.1k $50.1k 0.00% Unchanged
71 Headlands Technologies LLC 0.01% of their portfolio CHICAGO, IL 25,76625.8k $48.4k $48.4k 0.01% Added +20.7k +20,732
72 Mariner, LLC 0.00% of their portfolio Overland Park, KS 25,74725.7k $48.4k $48.4k 0.00% Reduced -1.6m -1,646,093
73 Ground Swell Capital, LLC 0.11% of their portfolio FOLLY BEACH, SC 24,78824.8k $46.6k $46.6k 0.11% New
74 Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio OAKLAND, CA 23,10823.1k $43.4k $43.4k 0.00% Added +917 +917
75 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 20,58620.6k $39.3k $39.3k 0.00% Added +1.2k +1,245
76 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 20,27020.3k $38.1k $38.1k 0.00% Added +752 +752
77 Ridgewood Investments LLC 0.01% of their portfolio SPRINGFIELD, NJ 16,00016.0k $30.1k $30.1k 0.01% Unchanged
78 Ballentine Partners, LLC 0.00% of their portfolio Waltham, MA 14,74514.7k $27.7k $27.7k 0.00% Unchanged
79 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 13,24513.2k $24.9k $24.9k 0.00% New
80 Apollon Wealth Management, LLC 0.00% of their portfolio MOUNT PLEASANT, SC 13,00013.0k $24.4k $24.4k 0.00% Unchanged
81 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 10,24310.2k $19.3k $19.3k 0.00% Reduced -311.5k -311,524
82 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 10,00010.0k $19.0k $19.0k 0.00% Reduced -17.3k -17,325
83 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 10,00010.0k $19.0k $19.0k 0.00% Reduced -4.4k -4,410
84 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 9,1859.2k $17.3k $17.3k 0.00% Reduced -1.7k -1,695
85 SUMMIT SECURITIES GROUP LLC 0.01% of their portfolio NEW YORK, NY 7,5207.5k $14.1k $14.1k 0.01% Added +5.1k +5,120
86 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 4,7994.8k $9.0k $9.0k 0.00% Added +122 +122
87 Lindbrook Capital, LLC 0.00% of their portfolio CALABASAS, CA 3,1493.1k $5.9k $5.9k 0.00% Reduced -730 -730
88 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 3,0573.1k $5.5k $5.5k 0.00% Unchanged
89 SVB WEALTH LLC 0.00% of their portfolio BOSTON, MA 2,2272.2k $4.2k $4.2k 0.00% New
90 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 1,0001.0k $1.9k $1.9k 0.00% Unchanged
91 FMR LLC 0.00% of their portfolio BOSTON, MA 850850 $1.6k $1.6k 0.00% Unchanged
92 Wilmington Savings Fund Society, FSB 0.00% of their portfolio WILMINGTON, DE 720720 $1.4k $1.4k 0.00% Unchanged
93 SIERRA OCEAN, LLC 0.00% of their portfolio RIPON, CA 534534 $1.0k $1.0k 0.00% Unchanged
94 Point72 (DIFC) Ltd 0.00% of their portfolio DUBAI, C0 380380 $714 $714 0.00% Reduced -8.4k -8,420
95 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 122122 $229 $229 0.00% Unchanged
96 Caitong International Asset Management Co., Ltd 0.00% of their portfolio HONG KONG, K3 106106 $199 $199 0.00% Reduced -835 -835
97 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged