RLXNYSECigarettesFiscal year ends December 31
RLX Technology Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 23, 2026
$1.71+0.01 (+0.59%)
Close on Oct 19, 2026
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
17.2%
266M of 1.55B shares
Institutional holders
104
13 new, 12 sold out
Net institutional buying
-1M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Deep Technology Linkage Fund L.P. | 89,817,023 | 5.72% | 13G (passive) amendment | Dec 31, 2023 |
| Ying (Kate) Wang | 793,057,297 | 51.20% | 13G (passive) amendment | Mar 18, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of RLX | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| First Beijing Investment Ltd | 59,821,839 | 3.86% | $113.66M | −307,832 | 4.65% |
| IDG China Venture Capital Fund V Associates L.P. | 55,074,473 | 3.56% | $104.64M | −2,058,530 | 100.00% |
| Nomura Holdings Inc | 22,583,602 | 1.46% | $42.91M | +20,221,393 | 0.05% |
| Vanguard Capital Management LLC | 20,925,425 | 1.35% | $39.76M | −546,627 | 0.00% |
| OLP CAPITAL MANAGEMENT Ltd | 13,322,760 | 0.86% | $25.31M | −13,052,670 | 6.33% |
| BlackRock, Inc. | 9,634,820 | 0.62% | $18.31M | +109,933 | 0.00% |
| D. E. Shaw & Co., Inc. | 9,550,710 | 0.62% | $18.15M | −59,275 | 0.01% |
| Aspex Management (HK) Ltd | 7,901,172 | 0.51% | $15.01K | – | 0.17% |
| Perseverance Asset Management International | 7,360,737 | 0.48% | $13.99M | −135,125 | 1.43% |
| Oasis Management Co Ltd. | 6,497,600 | 0.42% | $12.35M | – | 0.66% |
| Barclays PLC | 6,048,550 | 0.39% | $11.49M | – | 0.00% |
| Vanguard Fiduciary Trust Co | 5,645,844 | 0.36% | $10.73M | +28,425 | 0.00% |
| Pictet Asset Management Holding SA | 3,933,703 | 0.25% | $7.47M | +181,359 | 0.01% |
| Morgan Stanley | 3,906,504 | 0.25% | $7.42M | −1,861,603 | 0.00% |
| Acadian Asset Management LLC | 3,669,956 | 0.24% | $6.96K | +608,515 | 0.01% |
| State Street Corp | 2,993,983 | 0.19% | $5.69M | −333,677 | 0.00% |
| Bank Of America Corp /De/ | 2,457,161 | 0.16% | $4.67M | +7,453 | 0.00% |
| Two Sigma Investments, LP | 2,343,695 | 0.15% | $4.45M | +1,715,872 | 0.00% |
| Goldman Sachs Group Inc | 2,172,378 | 0.14% | $4.13M | −36,324 | 0.00% |
| Connor, Clark & Lunn Investment Management Ltd. | 2,157,166 | 0.14% | $4.10M | −2,623 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 104 | 266M | 17.2% | 13 / 27 | 47 / 12 | 26M | 27M |
| Q1 2026 | 103 | 267M | 17.2% | 24 / 30 | 35 / 16 | 72M | 24M |
| Q4 2025 | 98 | 247M | 15.9% | 18 / 34 | 27 / 9 | 12M | 18M |
| Q3 2025 | 91 | 253M | 16.3% | 12 / 28 | 34 / 17 | 22M | 37M |
| Q2 2025 | 96 | 268M | 17.3% | 16 / 20 | 39 / 13 | 34M | 32M |
| Q1 2025 | 96 | 268M | 17.3% | 9 / 31 | 37 / 16 | 34M | 27M |
| Q4 2024 | 105 | 262M | 16.9% | 18 / 37 | 32 / 16 | 28M | 50M |
| Q3 2024 | 103 | 284M | 18.3% | 22 / 28 | 36 / 11 | 35M | 32M |
| Q2 2024 | 94 | 297M | 19.2% | 15 / 25 | 38 / 6 | 22M | 41M |
| Q1 2024 | 87 | 316M | 20.4% | 9 / 30 | 27 / 16 | 22M | 44M |
| Q4 2023 | 94 | 338M | 21.8% | 11 / 26 | 36 / 10 | 32M | 32M |
| Q3 2023 | 93 | 339M | 21.9% | 14 / 31 | 30 / 21 | 44M | 62M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of RLX | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total International Stock Index Fund | 9,595,757 | 0.62% | $19.38M | 0.00% | Jul 31, 2026 |
| Vanguard Emerging Markets Stock Index Fund | 9,489,685 | 0.61% | $19.17M | 0.01% | Jul 31, 2026 |
| iShares Core MSCI Emerging Markets ETF | 4,050,466 | 0.26% | $8.34M | 0.01% | May 31, 2026 |
| Vanguard Ftse All-World Ex-US Index Fund | 1,518,862 | 0.10% | $3.07M | 0.00% | Jul 31, 2026 |
| State Street(R) SPDR(R) Portfolio Emerging Markets ETF | 1,242,240 | 0.08% | $2.36M | 0.01% | Jun 30, 2026 |
| Schwab Emerging Markets Equity ETF | 865,133 | 0.06% | $1.78M | 0.01% | May 31, 2026 |
| iShares Core MSCI Total International Stock ETF | 774,610 | 0.05% | $1.56M | 0.00% | Jul 31, 2026 |
| Vanguard Total World Stock Index Fund | 555,882 | 0.04% | $1.12M | 0.00% | Jul 31, 2026 |
| Invesco Golden Dragon China ETF | 435,602 | 0.03% | $879.92K | 0.89% | Jul 31, 2026 |
| WisdomTree China ex-State-Owned Enterprises Fund | 289,620 | 0.02% | $550.28K | 0.11% | Jun 30, 2026 |
| Fidelity Total International Index Fund | 215,893 | 0.01% | $436.10K | 0.00% | Jul 31, 2026 |
| College Retirement Equities Fund - Total Global Stock Account | 146,400 | 0.01% | $278.16K | 0.00% | Jun 30, 2026 |
| State Street(R) SPDR(R) S&P(R) China ETF | 116,329 | 0.01% | $221.03K | 0.05% | Jun 30, 2026 |
| iShares MSCI China Small-Cap ETF | 113,985 | 0.01% | $234.81K | 0.33% | May 31, 2026 |
| State Street Global All Cap Equity ex-U.S. Index Portfolio | 76,400 | 0.00% | $145.16K | 0.00% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Long Jiang | Co-founder, Director, 10% owner | 142,797,680 | 9.22% | Mar 18, 2026 |
| Ying Kate Wang | Co-founder; CEO, Director, 10% owner | 793,057,297 | 51.20% | Mar 18, 2026 |
| Yilong Wen | Co-founder, Director | 93,343,940 | 6.03% | Mar 18, 2026 |
| Chao Lu | Chief Financial Officer | 6,000,000 | 0.39% | Aug 4, 2026 |
| Youmin Xi | Director | – | – | Mar 18, 2026 |
| Zhenjing Zhu | Director | – | – | Mar 18, 2026 |
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Zhu Zhenjing Independent Director | Mar 26, 2025 | 15,000 | $30.00K | Mar 26, 2025 | Acquired UNDER COMPANY 2021 SHARE INCENTIVE PLAN |
| Zhu Zhenjing Independent Director | Mar 18, 2024 | 15,000 | $27.90K | Mar 18, 2024 | Acquired UNDER COMPANY 2021 SHARE INCENTIVE PLAN |
| Foresight Limited Best Shareholder | Dec 21, 2023 | 2,000,000 | $4.08M | Dec 21, 2023 | trust resettlement |
| BJ Limited BJ Affiliate | Sep 20, 2023 | 10,000,000 | $14.20M | Sep 20, 2023 | distributed to BJ BJ Limited by Relx Inc., a then shareholder of the Issuer |
| BJ Limited BJ Affiliate | Jun 21, 2023 | 12,000,000 | $23.28M | Jun 21, 2023 | distributed to BJ BJ Limited by Relx Inc., a then shareholder of the Issuer |