Aoris International Fund’s Strongest Performer in Q3

Aoris Investment Management, a specialist international equity manager, released its “Aoris International Fund” Q3 2025 investor letter. A copy of the letter can be downloaded here. Global equity markets, represented by the MSCI AC World Accumulation Index ex Australia, rose by 6.5% in AUD for the September quarter. In local currencies, gains were 8.0%, but currency fluctuations reduced the AUD return by 1.5%. In the quarter, Portfolio’s Class A (Unhedged) returned -2.6% after fees compared to a 6.5% return for the benchmark. The fund’s Class C (Hedged) declined by 1.0% compared to an 8.0% return for the benchmark. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its third-quarter 2025 investor letter, Aoris International Fund highlighted stocks such as Amphenol Corporation (NYSE:APH). Amphenol Corporation (NYSE:APH) designs and manufactures electrical, electronic, and fiber optic connectors. The one-month return of Amphenol Corporation (NYSE:APH) was -1.51%, and its shares gained 83.64% of their value over the last 52 weeks. On December 18, 2025, Amphenol Corporation (NYSE:APH) stock closed at $129.24 per share, with a market capitalization of $158.65 billion.

Aoris International Fund stated the following regarding Amphenol Corporation (NYSE:APH) in its third quarter 2025 investor letter:

“Amphenol Corporation (NYSE:APH) was the strongest gainer in the portfolio for the September quarter, as was the case in the June quarter. Its share price appreciated by 23% in the three months to September, adding 1.6% to returns. Amphenol is a leading provider of electronic connectors and sensors, which the company supplies across a broad range of end markets. Data centres account for about one-third of Amphenol’s revenue currently. Demand from this market has been extremely strong and this looks set to continue for some time to come.”

Amphenol Corporation (NYSE:APH) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 89 hedge fund portfolios held Amphenol Corporation (NYSE:APH) at the end of the third quarter, which was 81 in the previous quarter. Amphenol Corporation’s (NYSE:APH) third quarter sales were up 53% in US dollars and 52% in local currencies to $6.194 billion. While we acknowledge the potential of Amphenol Corporation (NYSE:APH) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.