Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Rlx Technology Inc (RLX)

100 + Investors. Track Smart Money conviction in RLX. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +1
Streak
2Q ▲
Buyers last Q
48%

Smart Money Signals — RLX

Based on 100 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added RLX than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 94% of 3.0Y peak

94% of all-time peak
100 funds currently hold this stock — 94% of the 3.0-year high of 106 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding RLX is almost the same as a year ago (+2 funds, +2% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 48% buying

52 buying56 selling
Last quarter: 56 funds reduced or exited vs 52 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~23 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 15 → 14 → 20 → 23. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 17% medium ■ 28% new
55 out of 100 hedge funds have held RLX for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +2%, value -100%

Value
-99%
Shares
+2%
Last quarter: funds added +2% more shares while total portfolio value only changed -100%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

12 → 15 → 14 → 20 → 23 new funds/Q
New funds entering each quarter: 15 → 14 → 20 → 23. A growing number of institutions are discovering RLX each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 65% veterans vs 28% newcomers

■ 65% veterans ■ 7% 1-2yr ■ 28% new
Entry-cohort mix of 104 holders: 68 (65%) are 2+ year veterans, 7 entered 1–2 years ago, and 29 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 17% AUM from top-100

17% from top-100 AUM funds
31 of 100 holders rank in the top 100 by AUM, but together hold only 17% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — RLX

In 2026 Q1, 52 hedge funds were net buyers of RLX (23 opened a new position, 29 added to an existing one), while 56 reduced or exited (34 trimmed, 22 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. Net buying has persisted for two consecutive quarters, a positive momentum signal. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 100.

Hedge Fund Ownership: RLX

How many hedge funds hold RLX — quarterly history vs. share price
Quarterly hedge fund ownership of RLX vs. share price

Market Analysis: RLX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: RLX

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Rlx Technology Inc (RLX) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much RLX has moved relative to its sector benchmark (XLP) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 77d ago
RLX
-8.6%
XLP
nan%

RLX outperformed XLP by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 32d ago
RLX
-6.9%
XLP
nan%

Since the filing became public, RLX outperformed XLP by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

12 top-rated funds 1 high-conviction
Consensus
4.8
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: RLX
100 + Investors

Track Smart Money conviction in RLX. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 100 99 1.01%
13F Shares 254M 249M 2.18%
Total Value $533M $138.69B -99.62%
New Positions 23 20 +3
Increased Positions 29 34 -5
Closed Positions 22 12 +10
Reduced Positions 32 25 +7
Total Calls 2 2 -
Total Puts 2 2 -
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: RLX

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Valuation Measures Data as of: --

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Enterprise Value --
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Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

100 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in RLX. Verified SEC 13F-HR filings.

QUARTER:
Top 25 RLX holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 IDG China Venture Capital Fund V Associates L.P. 100.00% 57,133,003 $125.7M
2 OLP CAPITAL MANAGEMENT Ltd 6.15% 13,187,715 $29.0M
3 First Beijing Investment Ltd 5.71% 60,129,671 $132.3M
4 Perseverance Asset Management International 1.81% 7,495,862 $16.5M
5 Oasis Management Co Ltd. 0.83% 6,497,600 $14.3M
6 HighVista Strategies LLC 0.19% 311,700 $686K
7 Polymer Capital Management (HK) LTD 0.02% 116,842 $257K
8 Capitolis Liquid Global Markets LLC 0.02% 1,510,200 $3.3M
9 PCM Encore, LLC 0.01% 32,750 $72K
10 Headlands Technologies LLC 0.01% 55,129 $121K
11 Nomura Holdings Inc 0.01% 2,362,209 $5.2M
12 D. E. Shaw & Co., Inc. 0.01% 9,609,985 $21.1M
13 SmartHarvest Portfolios, LLC 0.01% 12,323 $27K
14 Connor, Clark & Lunn Investment Management Ltd. 0.01% 2,159,789 $4.8M
15 Susquehanna Portfolio Strategies, LLC 0.01% 333,624 $734K
16 Axq Capital, LP 0.01% 35,253 $78K
17 Pictet Asset Management Holding SA 0.01% 3,752,344 $8.3M
18 XTX Topco Ltd 0.01% 191,123 $420K
19 Police & Firemen's Retirement System of New Jersey 0.01% 363,833 $800K
20 Numerai GP LLC 0.01% 28,086 $62K
21 Marshall Wace, LLP 0.01% 2,636,658 $5.8M
22 Guggenheim Capital LLC 0.00% 199,703 $439K
23 WINTON GROUP Ltd 0.00% 42,467 $93K
24 Barclays plc 0.00% 6,048,550 $13.3M
25 Vanguard Fiduciary Trust Co 0.00% 5,617,419 $12.4M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Rlx Technology Inc (RLX)

What does the Smart Money Trend signal show for RLX?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added RLX than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for RLX?

More sellers than buyers — 48% buying: Last quarter: 56 funds reduced or exited vs 52 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for RLX holders?

Smaller funds dominant — 17% AUM from top-100: 31 of 100 holders rank in the top 100 by AUM, but together hold only 17% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held RLX?

55% of holders stayed for 2+ years: 55 out of 100 hedge funds have held RLX for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Rlx Technology Inc (RLX) following the 2026 Q1 hedge fund 13F filings?

As of today, RLX has moved -6.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to nan% for the XLP sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), RLX has gained -8.6% vs nan% for XLP. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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