RLX β€” RLX TECHNOLOGY INC

Ownership history in WOLVERINE TRADING, LLC  Β·  37 quarters on record

This page tracks every 13F SEC filing in which WOLVERINE TRADING, LLC reported a position in RLX TECHNOLOGY INC (RLX). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

Position Intelligence

WOLVERINE TRADING, LLC Γ— RLX AI Analytics

πŸ“‰ WOLVERINE TRADING, LLC underperformed the S&P 500 by –9.1% annually on this RLX position. Timing score: 47% (17/36 decisions correct). Average cost basis: $4.69. Maximum drawdown during holding period: –89.9%.

πŸ“ˆ Position Alpha vs SPY
-9.1%
annualised excess return

❌ Significantly underperformed the S&P 500 by 9.1% ann.
36 quarters analyzed

⏱️ Timing Score
47%

➑️ Neutral timing β€” roughly coin-flip accuracy on add/trim calls.
17 of 36 add/trim decisions correct

πŸ’° Entry Quality
$4.69
-52.9% vs current ($2.21)

Best entry: $1.04 (2022 Q3)  Β·  Worst: $10.26 (2021 Q1)

πŸ›‘οΈ Drawdown Resilience
–89.9%
max drawdown while held

πŸ’ͺ Held through 1 major drawdown (>20%). Strong conviction under pressure.

πŸ’ͺ Fund Conviction
46%
buy-side decisions

17 adds Β· 20 trims. Bought during 2 of 10 down-price quarters. πŸ“‰ Predominantly trimming β€” distribution phase.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.0% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    RLX price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q2 REDUCED 27,500 -6,000 -17.9% 0.00% $61K $2.21
2025 Q1 ADDED 33,500 +23,500 +235.0% 0.00% $64K $1.88
2024 Q3 REDUCED 10,000 -14,100 -58.5% 0.00% $17K $1.80
2024 Q2 REDUCED 24,100 -6,700 -21.8% 0.00% $44K $1.83
2024 Q1 REDUCED 30,800 -3,300 -9.7% 0.00% $59K $1.91
2023 Q4 ADDED 34,100 +22,100 +184.2% 0.00% $68K $1.99
2023 Q3 REDUCED 12,000 -5,500 -31.4% 0.00% $18K $1.49
2023 Q3 REDUCED 17,500 -16,700 -48.8% 0.00% $26K $1.49
2023 Q2 ADDED 34,200 +19,288 +129.3% 0.00% $61K $1.75
2023 Q2 REDUCED 14,912 -10,613 -41.6% 0.00% $26K $1.75
27 older quarters hidden  β€”  Sign in free or upgrade to Premium to see full history

🏒 Other funds also holding RLX

As of 2025 Q4 β€” sorted by position size

IDG China Venture Capital Fund V Associates L.P. 3Y 100.0% First Beijing Investment Ltd 5.78% Perseverance Asset Management International 3Y 2.66% Oasis Management Co Ltd. 3Y 7Y 0.98% Aspex Management (HK) Ltd 3Y 0.37% Hosking Partners LLP 3Y 7Y 0.15% GSA CAPITAL PARTNERS LLP 3Y 7Y 0.09% VIRTUS ADVISERS, LLC 3Y 7Y 0.05% Polymer Capital Management (HK) LTD 0.03% XTX Topco Ltd 3Y 0.02%
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