Aoris Backs SAP on Cloud and AI Thesis as Hedge Fund Interest Ticks Up

Overview

• Insider Monkey reports SAP closed at $244.31 on December 19, giving the company a $285.06 billion market value.
• Aoris’s Q3 2025 letter presents SAP as the leading ERP vendor, citing its figures that 99 of the 100 largest companies use SAP and that 77% of daily transactions touch its systems.
• The fund says customers moving SAP workloads to cloud platforms such as Microsoft Azure typically lift their annual spend 2–3x.
• Aoris points to corporate references from L’Oréal, Grainger, and Cintas that link greater SAP usage to productivity gains.
• The Aoris International Fund trailed its benchmarks in Q3 2025, and Insider Monkey’s database shows SAP held in 34 hedge fund portfolios versus 32 the prior quarter.