Aoris International Fund released its Q3 2025 investor letter, reporting a 6.5% rise in global equity markets. The fund’s Class A (Unhedged) returned -2.6%, while Class C (Hedged) declined by 1.0%. Check the top 5 holdings to see its best picks for 2025.

In the letter, Aoris International Fund highlighted SAP SE (NYSE:SAP), a leading enterprise application provider. SAP’s one-month return was 3.22%, with shares losing 1.45% over 52 weeks. On December 19, 2025, SAP closed at $244.31 per share, with a market cap of $285.06 billion.

Aoris International Fund described SAP SE (NYSE:SAP) as the world’s top ERP software company, used by 99 of the 100 largest customers. 77% of daily global transactions involve an SAP system.

Read more at Yahoo Finance: What Makes SAP (SAP) an Investment Bet?