Bank of America Holds 5.3% Stake in BRP Inc. Subordinate Shares

Bank of America Corporation filed a Schedule 13G reporting a passive ownership position in BRP Inc. subordinate voting shares.

Rhea-AI Filing Summary

Bank of America Corporation filed a Schedule 13G reporting a passive ownership position in BRP Inc. subordinate voting shares. The filing states beneficial ownership of 1,818,087 shares, representing 5.3% of the class.

The statement shows no sole voting or dispositive power (sole voting power: 0; shared voting power: 1,818,084; sole dispositive power: 0; shared dispositive power: 1,818,045). The filing was submitted on behalf of Bank of America and specified wholly owned subsidiaries, including BofA Securities, Bank of America N.A., Merrill Lynch entities and BofA Securities Europe SA. The filer certifies the shares are held in the ordinary course of business and not to influence control of the issuer.

Positive

• Reported beneficial ownership of 1,818,087 shares, meeting disclosure thresholds
• Stake represents 5.3% of the subordinate voting class, a material minority position
• Filing made on behalf of Bank of America and listed wholly owned subsidiaries, showing consolidated reporting
• Certification that holdings are passive and held in the ordinary course of business

Negative

• None.

Insights

Financial Analyst

TL;DR: Bank of America holds a material, declared-passive 5.3% stake in BRP Inc., reported via Schedule 13G.

The filing discloses a meaningful minority position of 1,818,087 shares (5.3%), which crosses the 5% reporting threshold and is therefore material for market transparency. The declaration of no sole voting or dispositive power and the certification that holdings are held in the ordinary course of business indicate a passive position rather than an activist intent. This reduces the likelihood of imminent governance intervention while signaling a significant institutional stake that investors and analysts will note.

Corporate Governance Expert

TL;DR: A 5.3% stake concentrated across Bank of America and its subsidiaries is material for governance monitoring but is presented as non-control.

The Schedule 13G confirms ownership aggregated by the parent and specific wholly owned subsidiaries. Shared voting and dispositive power figures closely match the aggregate share count, implying the position is exercised collectively across affiliates. The explicit certification that the securities are not held to influence control clarifies the filers non-activist stance; nevertheless, a >5% holding is large enough to merit ongoing disclosure and engagement monitoring by BRP's board and investor relations.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many BRP Inc. (DOOO) shares does Bank of America report owning?

The filing reports beneficial ownership of 1,818,087 shares of BRP Inc. subordinate voting shares.

What percentage of BRP Inc. (DOOO) does this represent?

The reported position represents 5.3% of the subordinate voting share class.

Does Bank of America have sole voting or dispositive power over these shares?

No. The filing shows sole voting power: 0 and sole dispositive power: 0; voting and dispositive powers are shared.

Did the filer indicate an intent to influence control of BRP Inc.?

The filer certified that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Which Bank of America entities are named in the filing?

The statement was filed on behalf of Bank of America Corporation and specified wholly owned subsidiaries including BofA Securities, Inc., Bank of America N.A., Merrill Lynch Pierce Fenner & Smith, Inc., Merrill Lynch International, Merrill Lynch Canada, and BofA Securities Europe SA.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/13/2025 - 10:37 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

BRP Inc.

(Name of Issuer)

Subordinate Voting Shares

(Title of Class of Securities)

05577W200

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 05577W200

1

Names of Reporting Persons

BANK OF AMERICA CORP /DE/

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,818,084.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,818,045.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,818,087.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.3 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: BRP Inc.
(b)	Address of issuer's principal executive offices: 726 SAINT-JOSEPH STREET, VALCOURT, QUEBEC, CANADA, J0E 2L0.
Item 2.
(a)	Name of person filing: BANK OF AMERICA CORP /DE/
(b)	Address or principal business office or, if none, residence: 100 N TRYON ST CHARLOTTE, NC 28255
(c)	Citizenship: Delaware
(d)	Title of class of securities: Subordinate Voting Shares
(e)	CUSIP No.: 05577W200
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,818,087.00
(b)	Percent of class: 5.3%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0.00
	(ii) Shared power to vote or to direct the vote: 1,818,084.00
	(iii) Sole power to dispose or to direct the disposition of: 0.00
	(iv) Shared power to dispose or to direct the disposition of: 1,818,045.00
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. This statement on Schedule 13G is being filed by Bank of America Corporation on behalf of itself and its wholly owned subsidiaries BofA Securities, Inc., a broker dealer registered under section 15 of the Act (15 U.S.C. 78o); Bank of America N.A., a bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); Merrill Lynch Pierce Fenner & Smith, Inc., a broker dealer registered under section 15 of the Act (15 U.S.C. 78o); Merrill Lynch International, a non-U.S. institution in accordance with section 240.13d-1(b)(1)(ii)(J); Merrill Lynch Canada, a non-U.S. institution in accordance with section 240.13d-1(b)(1)(ii)(J); and BofA Securities Europe SA, a non-U.S. institution in accordance with section 240.13d-1(b)(1)(ii)(J).
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BANK OF AMERICA CORP /DE/

Signature:	Andres Ortiz
Name/Title:	Authorized Signatory
Date:	08/12/2025