First Beijing Investment Ltd: RLX TECHNOLOGY INC (RLX): Quarterly 13F Position History
As of Q1 2026, First Beijing Investment Ltd reported 60,129,671 shares of RLX TECHNOLOGY INC (RLX), worth $132.3M and representing 5.7% of its 13F equity book. Quarter-over-quarter share count change: 2,734,753 (-4.4%) . The position first appeared in Q3 2023 and has been disclosed across 11 13F-HR filings in Pactolio's tracked window.
- 60,129,671Shares Held (Latest Filing)
- $132.3MReported Market Value (Latest Filing)
- 5.7%Portfolio Weight (% of 13F Equity Book)
- 2,734,753Quarter-over-Quarter Share Change
- -$14.2MQuarter-over-Quarter Value Change
- 62,864,424Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 11 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 60,129,671 | 2,734,753 | -4.4% | $132.3M | 5.7% | $2.2 |
| Q4 2025 | 62,864,424 | 0 | — | $146.5M | 5.8% | $2.3 |
| Q3 2025 | 62,864,424 | 0 | — | $165.3M | 6.4% | $2.6 |
| Q2 2025 | 62,864,424 | +21,828,379 | +53.2% | $138.9M | 7.8% | $2.2 |
| Q1 2025 | 41,036,045 | +17,661,160 | +75.6% | $77.1M | 5.3% | $1.9 |
| Q4 2024 | 23,374,885 | 5,630,363 | -19.4% | $50.5M | 3.6% | $2.2 |
| Q3 2024 | 29,005,248 | +7,724,064 | +36.3% | $52.5M | 3.7% | $1.8 |
| Q2 2024 | 21,281,184 | +7,306,782 | +52.3% | $39.2M | 4.2% | $1.8 |
| Q1 2024 | 13,974,402 | +801,702 | +6.1% | $26.8M | 5.2% | $1.9 |
| Q4 2023 | 13,172,700 | 60,782 | -0.5% | $26.3M | 4.4% | $2.0 |
| Q3 2023 | 13,233,482 | — | — | $20.0M | 3.8% | $1.5 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did First Beijing Investment Ltd first disclose a RLX position in 13F-HR filings?
First Beijing Investment Ltd first reported RLX TECHNOLOGY INC (RLX) on its 13F-HR filing for the period ending 2023-09-30 (Q3 2023). The position has appeared on 11 reported quarters within Pactolio's tracked window.
What was First Beijing Investment Ltd's most recent quarter-over-quarter share-count change in RLX?
Between Q4 2025 and Q1 2026, First Beijing Investment Ltd reduced its RLX position by 2,734,753 shares (-4.4%), leaving 60,129,671 shares at a market value of $132.3M.
Does the implied price-per-share represent First Beijing Investment Ltd's cost basis in RLX?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.