Bombardier Recreational Products (DOOO)

• Market cap: $3.71B
• 1 day: -3.44%
• 5 days: 0.14%
• 1 month: -0.12%
• 3 months: -16.41%
• 6 months: -22.10%
• Year to date: -28.96%
• 1 year: -29.39%
• 5 years: 10.46%
• 10 years: 10.15%

About: BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after shuttering the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia), a segment which all brands are currently up for sale. At the end of fiscal 2024, the company sold its products through a network of more than 2,450 independent dealers and 150 distributors in around 130 countries.

Employees: 20,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

2.39% more ownership

Funds ownership: 77.61% [Q2] → 80.0% (+2.39%) [Q3]

7% less repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 57

5% less funds holding

Funds holding: 149 [Q2] → 141 (-8) [Q3]

7% less capital invested

Capital invested by funds: $1.77B [Q2] → $1.65B (-$128M) [Q3]

27% less call options, than puts

Call options by funds: $3.38M | Put options by funds: $4.62M

38% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 21