5 Stocks to Buy Now According to Leonard A. Potter’s Wildcat Capital Management

2. RLX Technology Inc. (NYSE:RLX)

Wildcat Capital Management Stake Value: $92,992,000
Percentage of Wildcat Capital Management’s 13F Portfolio: 15.14%
Number of Hedge Fund Holders: 17

RLX Technology Inc. (NYSE:RLX) is a holding company that manufactures and sells electronic cigarette products. On March 11, RLX Technology Inc. (NYSE:RLX) published its earnings for the fourth quarter, announcing revenue of $298.84 million, up 20.5% year-over-year.

The hedge fund run by Leonard A. Potter entered the fourth quarter of 2021 with 23.84 million shares of RLX Technology Inc. (NYSE:RLX) in its portfolio worth around $92.99 million. The company has been in Potter’s portfolio since the first quarter of 2021. Wildcat Capital Management is the most significant stakeholder of the company among the funds tracked by Insider Monkey.

Overall, hedge funds are loading up on RLX Technology Inc. (NYSE:RLX), as 17 out of the 924 funds in our database held stakes in RLX Technology Inc. (NYSE:RLX) on December 31, up from 11 funds a quarter earlier.