SCHEDULE: Turtle Creek Amends BRP Inc. Stake to 4.96%
Beneficial Ownership Report
Turtle Creek Asset Management Inc. has filed an amendment to its Schedule 13G, disclosing a beneficial ownership of 4.96% in BRP Inc.'s Subordinate Voting Shares as of September 30, 2025.
Summary
- Turtle Creek Asset Management Inc., a Canadian investment adviser, filed an Amendment No. 2 to its Schedule 13G regarding its holdings in BRP Inc.
- As of September 30, 2025, Turtle Creek beneficially owns 1,717,746 Subordinate Voting Shares of BRP Inc.
- This ownership represents 4.96% of the class of BRP Inc.'s Subordinate Voting Shares.
- Turtle Creek holds sole voting power and sole dispositive power over all 1,717,746 shares.
- The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of BRP Inc.
- Turtle Creek manages these shares for the benefit of unit holders of mutual funds, with no single unit holder known to have an interest exceeding 5% of the class.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would inherently suggest a positive or negative sentiment regarding the company's performance or prospects. It is a neutral, compliance-driven report.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Management Comments
- Turtle Creek Asset Management Inc. certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of BRP Inc.
Industry Context
This filing is a routine disclosure by an institutional investment adviser, indicating its passive ownership stake in BRP Inc. It does not provide specific insights into broader industry trends or competitive landscape beyond the fact that an investment firm maintains a position in the company.
Comparison to Industry Standards
- NA
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake, confirming a passive investment approach below the 5% threshold for more active reporting.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 09/30/2025 | Date of the event which required the filing of this statement (beneficial ownership calculation date). |
| 11/14/2025 | Date the Schedule 13G Amendment No. 2 was signed by Turtle Creek Asset Management Inc. |
Keywords
BRP Inc., Turtle Creek Asset Management, Schedule 13G, Beneficial Ownership, Subordinate Voting Shares, Investment Adviser, SEC Filing, Equity Stake
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