Rlx Technology Inc-adr (RLX) SEC 13F Holdings (Q2 2026) — Net Institutional Activity: $48.0M

RLX ranks #4472 out of 37696 tracked stocks by institutional interest, inside the more closely watched half of our coverage.

RLX is a top-conviction position for IDG China Venture Capital Fund V Associates L.P. — at 100.0% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in RLX belongs to First Beijing Investment Ltd, but the position matters far more to IDG China Venture Capital Fund V Associates L.P., who has 100.0% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

RLX is up 0.6% today, and institutions have been net buyers of $48.0M this quarter — today's price move and the underlying institutional flow are pointing the same direction.

RLX closed its latest fiscal year with net income of $921.9M, and currently trades at a P/E of 2.3.

• Profitable — net income of $921.9M in the latest fiscal year
• Revenue grew 44.0% year over year
• Net income improved year over year, from $551.8M to $921.9M
• Generated $1.1B in positive operating cash flow
• Current ratio of 5.70x — enough short-term assets to cover short-term liabilities
• Liabilities run 0.14x equity — within a conventional range