NewsMV
Palm Valley Capital Management identified ManpowerGroup Inc. (NYSE: MAN) as a leading contributor to its fund's performance in the third quarter of 2026, citing a developing recovery in the staffing sector.
The firm's Q3 2026 investor letter for the Palm Valley Capital Fund noted that Manpower shares were bid on improved volumes, marking the first such increase in several years.
The fund gained 1.61% during the period, outperforming the S&P SmallCap 600 Index, which fell 7.93%, and the Morningstar Small Cap Total Return Index, which decreased by 5.60%.
As of the end of the quarter, 75.5% of the fund's assets were allocated to Treasury bills, while its equity-only performance stood at 4.8%.
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