Robert Half (RHI): Can a Slow Recruitment Recovery Turn a Former Buying Mistake Into a Winner?

Alluvium Asset Management, an asset management company, released its "Conventum – Alluvium Global Fund" second-quarter 2026 investor letter. The letter can be downloaded here . The second quarter reflected a sharp shift from geopolitical uncertainty and oil market volatility to a powerful equity rally led by semiconductor companies. Despite the broader market strength, the Fund declined 1.4% in EUR terms, 2.2% in USD terms, and 3.9% in AUD terms. Portfolio results were mixed, with Alphabet benefiting from strong Cloud growth, while Robert Half, H&R Block, and other holdings posted solid gains. However, cable businesses and several healthcare and consumer holdings weighed on performance. Also, check the fund's top five holdings to see its best picks in 2026.

In its second-quarter 2026 investor letter, Conventum – Alluvium Global Fund highlighted Robert Half Inc. (NYSE: RHI ). Robert Half Inc. (NYSE:RHI) is a leading staffing and consulting company. On September 15, 2026, Robert Half Inc. (NYSE:RHI) closed at $38.30 per share. Over the past month, Robert Half Inc. (NYSE:RHI) declined 12.03% and its shares gained 10.28% over the past 52 weeks. Robert Half Inc. (NYSE:RHI) has a market capitalization of $3.92 billion, and its stock has traded within a 52-week range of $21.83 and $46.70.

Conventum – Alluvium Global Fund stated the following regarding Robert Half Inc. (NYSE:RHI) in its Q2 2026 investor letter:

"We last wrote about Robert Half Inc. (NYSE:RHI) (up 23.5%) in our December report, where we mentioned that hindsight suggests our purchasing during price descents in May, August and October were mistakes. This remains the case - but less so. Our expectation that the recruitment / outplacement market will slowly recover, appears, going by Robert Half's recent results, to be bearing fruit. And management remain cautiously optimistic. We did not trade the stock. The Fund's position is now 2.7%."

Robert Half Inc. (NYSE:RHI) is not on our list of the 40 Most Popular Stocks Among Hedge Funds . As per our database, 30 hedge fund portfolios held Robert Half Inc. (NYSE:RHI) at the end of the second quarter which was 36 in the previous quarter. While we acknowledge the potential of Robert Half Inc. (NYSE:RHI) 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 .