Alluvium Asset Management, an asset management company, released its “Conventum – Alluvium Global Fund” first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the quarter, the Fund was up 1.7% in USD terms and 1.1% in AUD terms but down 2.4% in EUR terms due to a strengthening currency. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its first-quarter 2025 investor letter, Conventum – Alluvium Global Fund highlighted stocks such as Robert Half Inc. (NYSE:RHI). Robert Half Inc. (NYSE:RHI) is a talent solutions and business consulting services provider. The one-month return of Robert Half Inc. (NYSE:RHI) was -9.30%, and its shares lost 35.22% of their value over the last 52 weeks. On June 18, 2025, Robert Half Inc. (NYSE:RHI) stock closed at $41.34 per share, with a market capitalization of $4.223 billion.
Conventum – Alluvium Global Fund stated the following regarding Robert Half Inc. (NYSE:RHI) in its Q1 2025 investor letter:
“Robert Half Inc. (NYSE:RHI), the recruitment and out placement specialist, was down 21.8%. Its fourth quarter results were disappointing (but it was expected). On a brighter note, at the time of reporting management did note a pick up in business confidence late last year and into the early part of this year. Client discussions had turned turning decidedly more positive. However there is no doubt that with the increased uncertainty and the decline in business sentiment since, that information is now obsolete. This business is in an earnings trough, and it is fair to say that we misjudged its cyclicality. And now with this hit to confidence, the bottom of the cycle is continuing for far longer than management (and us) expected. We reviewed (and lowered) our margin assumptions and hence our valuation . Whereas previously it traded at a slight premium to it, it now trades in-line. The Fund’s position is now 2.4%. With its current low price, we are prepared to bide (more) time on this one.”
A finance executive in her office analyzing a stack of documents.
Robert Half Inc. (NYSE:RHI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 27 hedge fund portfolios held Robert Half Inc. (NYSE:RHI) at the end of the first quarter, which was 26 in the previous quarter. Robert Half Inc. (NYSE:RHI) reported global enterprise revenues of $1.352 billion in the first quarter of 2025, down 8% from Q1 2024 on a reported basis, and down 6% on an adjusted basis. While we acknowledge the potential of Robert Half Inc. (NYSE:RHI) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains.
In another article, we covered Robert Half Inc. (NYSE:RHI) and shared the list of falling stocks with unusual volume. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of 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.
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Disclosure: None. This article is originally published at Insider Monkey.
